| Receivables [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Receivables [Abstract] | |
Components of Loan Portfolio |
The components of the loan portfolio were as follows:
|
|
|
December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
|
|
(dollars in thousands) |
|
|
Agricultural loans |
|
$ |
624,632 |
|
|
$ |
499,320 |
|
|
Commercial real estate loans |
|
|
270,475 |
|
|
|
161,741 |
|
|
Commercial loans |
|
|
89,944 |
|
|
|
51,978 |
|
|
Residential real estate loans |
|
|
45,276 |
|
|
|
34,631 |
|
|
Installment and consumer other |
|
|
159 |
|
|
|
519 |
|
|
Total gross loans |
|
|
1,030,486 |
|
|
|
748,189 |
|
|
Allowance for loan losses |
|
|
(12,645 |
) |
|
|
(10,405 |
) |
|
Loans, net |
|
$ |
1,017,841 |
|
|
$ |
737,784 |
|
|
Schedule of Aging of Recorded Investment in Past Due Loans |
The following table presents the aging of the recorded investment in past due loans at December 31, 2016 and 2015:
|
|
|
30-59 Days
Past Due |
|
|
60-89 Days
Past Due |
|
|
90+ Days
Past Due |
|
|
Total
Past Due |
|
|
Loans Not
Past Due |
|
|
Total Loans |
|
|
|
|
(dollars in thousands) |
|
|
December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Agricultural loans |
|
$ |
12 |
|
|
$ |
— |
|
|
$ |
9,680 |
|
|
$ |
9,692 |
|
|
$ |
614,940 |
|
|
$ |
624,632 |
|
|
Commercial real estate loans |
|
|
— |
|
|
|
287 |
|
|
|
2,710 |
|
|
|
2,997 |
|
|
|
267,478 |
|
|
|
270,475 |
|
|
Commercial loans |
|
|
371 |
|
|
|
— |
|
|
|
2,695 |
|
|
|
3,066 |
|
|
|
86,878 |
|
|
|
89,944 |
|
|
Residential real estate loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
45,276 |
|
|
|
45,276 |
|
|
Installment and consumer other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
159 |
|
|
|
159 |
|
|
Total |
|
$ |
383 |
|
|
$ |
287 |
|
|
$ |
15,085 |
|
|
$ |
15,755 |
|
|
$ |
1,014,731 |
|
|
$ |
1,030,486 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Agricultural loans |
|
$ |
978 |
|
|
$ |
5 |
|
|
$ |
2,405 |
|
|
$ |
3,388 |
|
|
$ |
495,932 |
|
|
$ |
499,320 |
|
|
Commercial real estate loans |
|
|
— |
|
|
|
234 |
|
|
|
2,418 |
|
|
|
2,652 |
|
|
|
159,089 |
|
|
|
161,741 |
|
|
Commercial loans |
|
|
— |
|
|
|
— |
|
|
|
3,476 |
|
|
|
3,476 |
|
|
|
48,502 |
|
|
|
51,978 |
|
|
Residential real estate loans |
|
|
5 |
|
|
|
— |
|
|
|
— |
|
|
|
5 |
|
|
|
34,626 |
|
|
|
34,631 |
|
|
Installment and consumer other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
519 |
|
|
|
519 |
|
|
Total |
|
$ |
983 |
|
|
$ |
239 |
|
|
$ |
8,299 |
|
|
$ |
9,521 |
|
|
$ |
738,668 |
|
|
$ |
748,189 |
|
|
Nonaccrual, Restructured and Certain Past Due Loans |
The following table lists information on nonaccrual, restructured, and certain past due loans:
|
|
|
December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
|
|
(dollars in thousands) |
|
|
Nonaccrual loans, 90 days or more past due |
|
$ |
15,085 |
|
|
$ |
8,299 |
|
|
Nonaccrual loans 30-89 days past due |
|
|
371 |
|
|
|
1,212 |
|
|
Nonaccrual loans, less than 30 days past due |
|
|
4,651 |
|
|
|
15,068 |
|
|
Restructured loans not on nonaccrual status |
|
|
4,300 |
|
|
|
610 |
|
|
90 days or more past due and still accruing |
|
|
— |
|
|
|
— |
|
|
Recorded Investment in Nonaccrual and Loans Past Due 90 Days or More |
The following table presents the recorded investment in nonaccrual and loans past due over 90 days on accrual by class of loan:
|
|
|
December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
|
|
(dollars in thousands) |
|
|
Agricultural loans |
|
$ |
12,323 |
|
|
$ |
17,705 |
|
|
Commercial real estate loans |
|
|
4,340 |
|
|
|
3,162 |
|
|
Commercial loans |
|
|
3,376 |
|
|
|
3,712 |
|
|
Residential real estate loans |
|
|
68 |
|
|
|
— |
|
|
Installment and consumer other |
|
|
— |
|
|
|
— |
|
|
Total |
|
$ |
20,107 |
|
|
$ |
24,579 |
|
|
Schedule of Impaired Nonaccrual Loans |
All nonaccrual loans are considered to be impaired. Total loans considered impaired and their related reserve balances are as follows:
|
|
|
December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
|
|
(dollars in thousands) |
|
|
Impaired loans without a specific allowance |
|
$ |
7,399 |
|
|
$ |
3,760 |
|
|
Impaired loans with a specific allowance |
|
|
14,041 |
|
|
|
26,642 |
|
|
Total impaired loans |
|
|
21,440 |
|
|
|
30,402 |
|
|
Specific allowance related to impaired loans |
|
$ |
1,336 |
|
|
$ |
2,302 |
|
|
Schedule of Loans Individually Evaluated for Impairment |
The following tables present loans individually evaluated for impairment by class of loans at December 31, 2016 and 2015:
|
|
|
December 31, 2016 |
|
|
|
|
Unpaid Principal Balance |
|
|
Recorded Investment |
|
|
Allowance for Loan Losses Allocated |
|
|
|
|
(dollars in thousands) |
|
|
With no related allowance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Agricultural loans |
|
$ |
4,896 |
|
|
$ |
2,672 |
|
|
$ |
— |
|
|
Commercial real estate loans |
|
|
2,734 |
|
|
|
2,017 |
|
|
|
— |
|
|
Commercial loans |
|
|
3,068 |
|
|
|
2,642 |
|
|
|
— |
|
|
Residential real estate loans |
|
|
68 |
|
|
|
68 |
|
|
|
— |
|
|
|
|
$ |
10,766 |
|
|
$ |
7,399 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded |
|
|
|
|
|
|
|
|
|
|
|
|
|
Agricultural loans |
|
$ |
25,240 |
|
|
$ |
10,223 |
|
|
$ |
546 |
|
|
Commercial real estate loans |
|
|
3,848 |
|
|
|
2,713 |
|
|
|
377 |
|
|
Commercial loans |
|
|
1,508 |
|
|
|
1,105 |
|
|
|
413 |
|
|
Residential real estate loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
30,596 |
|
|
|
14,041 |
|
|
|
1,336 |
|
|
Total |
|
$ |
41,362 |
|
|
$ |
21,440 |
|
|
$ |
1,336 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
|
|
|
Unpaid Principal Balance |
|
|
Recorded Investment |
|
|
Allowance for Loan Losses Allocated |
|
|
|
|
(dollars in thousands) |
|
|
With no related allowance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Agricultural loans |
|
$ |
918 |
|
|
$ |
883 |
|
|
$ |
— |
|
|
Commercial real estate loans |
|
|
333 |
|
|
|
333 |
|
|
|
— |
|
|
Commercial loans |
|
|
2,970 |
|
|
|
2,544 |
|
|
|
— |
|
|
Residential real estate loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
$ |
4,221 |
|
|
$ |
3,760 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With an allowance recorded |
|
|
|
|
|
|
|
|
|
|
|
|
|
Agricultural loans |
|
$ |
24,232 |
|
|
$ |
19,841 |
|
|
$ |
1,055 |
|
|
Commercial real estate loans |
|
|
4,433 |
|
|
|
3,864 |
|
|
|
357 |
|
|
Commercial loans |
|
|
3,780 |
|
|
|
2,937 |
|
|
|
890 |
|
|
Residential real estate loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
32,445 |
|
|
|
26,642 |
|
|
|
2,302 |
|
|
Total |
|
$ |
36,666 |
|
|
$ |
30,402 |
|
|
$ |
2,302 |
|
|
Schedule of Changes in Allowance for Loan Losses |
Changes in the allowance for loan losses are as follows:
|
|
|
December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
|
|
(dollars in thousands) |
|
|
Balance, beginning of year |
|
$ |
10,405 |
|
|
$ |
10,603 |
|
|
Provision for loan losses |
|
|
2,959 |
|
|
|
(1,019 |
) |
|
Loans charged off |
|
|
(1,670 |
) |
|
|
(1,907 |
) |
|
Recoveries |
|
|
951 |
|
|
|
2,728 |
|
|
Balance, end of period |
|
$ |
12,645 |
|
|
$ |
10,405 |
|
|
Changes in Allowance for Loan Losses by Portfolio Segment |
Changes in the allowance for loan losses by portfolio segment were as follows:
|
|
|
December 31, 2016 |
|
|
|
|
Beginning
Balance |
|
|
Provision for
Loan Losses |
|
|
Loans
Charged
Off |
|
|
Loan
Recoveries |
|
|
Ending
Balance |
|
|
|
|
(dollars in thousands) |
|
|
Agricultural loans |
|
$ |
6,355 |
|
|
|
2,958 |
|
|
$ |
(1,142 |
) |
|
$ |
2 |
|
|
$ |
8,173 |
|
|
Commercial real estate loans |
|
|
2,237 |
|
|
|
(117 |
) |
|
|
(242 |
) |
|
|
884 |
|
|
|
2,762 |
|
|
Commercial loans |
|
|
1,268 |
|
|
|
183 |
|
|
|
(277 |
) |
|
|
65 |
|
|
|
1,239 |
|
|
Residential real estate loans |
|
|
533 |
|
|
|
(58 |
) |
|
|
(5 |
) |
|
|
— |
|
|
|
470 |
|
|
Installment and consumer other |
|
|
12 |
|
|
|
(7 |
) |
|
|
(4 |
) |
|
|
— |
|
|
|
1 |
|
|
Total |
|
$ |
10,405 |
|
|
$ |
2,959 |
|
|
$ |
(1,670 |
) |
|
$ |
951 |
|
|
$ |
12,645 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
|
|
|
Beginning
Balance |
|
|
Provision for
Loan Losses |
|
|
Loans
Charged
Off |
|
|
Loan
Recoveries |
|
|
Ending
Balance |
|
|
|
|
(dollars in thousands) |
|
|
Agricultural loans |
|
$ |
3,456 |
|
|
$ |
3,983 |
|
|
$ |
(1,145 |
) |
|
$ |
61 |
|
|
$ |
6,355 |
|
|
Commercial real estate loans |
|
|
3,326 |
|
|
|
(1,670 |
) |
|
|
(162 |
) |
|
|
743 |
|
|
|
2,237 |
|
|
Commercial loans |
|
|
2,420 |
|
|
|
(1,934 |
) |
|
|
(415 |
) |
|
|
1,197 |
|
|
|
1,268 |
|
|
Residential real estate loans |
|
|
1,392 |
|
|
|
(1,408 |
) |
|
|
(178 |
) |
|
|
727 |
|
|
|
533 |
|
|
Installment and consumer other |
|
|
9 |
|
|
|
10 |
|
|
|
(7 |
) |
|
|
— |
|
|
|
12 |
|
|
Total |
|
$ |
10,603 |
|
|
$ |
(1,019 |
) |
|
$ |
(1,907 |
) |
|
$ |
2,728 |
|
|
$ |
10,405 |
|
|
Balances in Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method |
The following table presents the balances in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method at:
|
|
|
December 31, 2016 |
|
|
|
|
Individually
Evaluated for
Impairment |
|
|
Collectively
Evaluated for
Impairment |
|
|
Total |
|
|
|
|
(dollars in thousands) |
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Agricultural loans |
|
$ |
546 |
|
|
$ |
7,627 |
|
|
$ |
8,173 |
|
|
Commercial real estate loans |
|
|
377 |
|
|
|
2,385 |
|
|
|
2,762 |
|
|
Commercial loans |
|
|
413 |
|
|
|
826 |
|
|
|
1,239 |
|
|
Residential real estate loans |
|
|
— |
|
|
|
470 |
|
|
|
470 |
|
|
Installment and consumer other |
|
|
— |
|
|
|
1 |
|
|
|
1 |
|
|
Total ending allowance for loan losses |
|
|
1,336 |
|
|
|
11,309 |
|
|
|
12,645 |
|
|
Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Agricultural loans |
|
|
13,044 |
|
|
|
611,588 |
|
|
|
624,632 |
|
|
Commercial real estate loans |
|
|
4,952 |
|
|
|
265,523 |
|
|
|
270,475 |
|
|
Commercial loans |
|
|
3,376 |
|
|
|
86,568 |
|
|
|
89,944 |
|
|
Residential real estate loans |
|
|
68 |
|
|
|
45,208 |
|
|
|
45,276 |
|
|
Installment and consumer other |
|
|
- |
|
|
|
159 |
|
|
|
159 |
|
|
Total loans |
|
|
21,440 |
|
|
|
1,009,046 |
|
|
|
1,030,486 |
|
|
Net loans |
|
$ |
20,104 |
|
|
$ |
997,737 |
|
|
$ |
1,017,841 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
|
|
|
Individually
Evaluated for
Impairment |
|
|
Collectively
Evaluated for
Impairment |
|
|
Total |
|
|
|
|
(dollars in thousands) |
|
|
Allowance for loan losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Agricultural loans |
|
$ |
1,055 |
|
|
$ |
5,300 |
|
|
$ |
6,355 |
|
|
Commercial real estate loans |
|
|
357 |
|
|
|
1,880 |
|
|
|
2,237 |
|
|
Commercial loans |
|
|
890 |
|
|
|
378 |
|
|
|
1,268 |
|
|
Residential real estate loans |
|
|
— |
|
|
|
533 |
|
|
|
533 |
|
|
Installment and consumer other |
|
|
— |
|
|
|
12 |
|
|
|
12 |
|
|
Total ending allowance for loan losses |
|
|
2,302 |
|
|
|
8,103 |
|
|
|
10,405 |
|
|
Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Agricultural loans |
|
|
20,724 |
|
|
|
478,596 |
|
|
|
499,320 |
|
|
Commercial real estate loans |
|
|
4,197 |
|
|
|
157,544 |
|
|
|
161,741 |
|
|
Commercial loans |
|
|
5,481 |
|
|
|
46,497 |
|
|
|
51,978 |
|
|
Residential real estate loans |
|
|
— |
|
|
|
34,631 |
|
|
|
34,631 |
|
|
Installment and consumer other |
|
|
— |
|
|
|
519 |
|
|
|
519 |
|
|
Total loans |
|
|
30,402 |
|
|
|
717,787 |
|
|
|
748,189 |
|
|
Net loans |
|
$ |
28,100 |
|
|
$ |
709,684 |
|
|
$ |
737,784 |
|
|
Risk Category of Loans by Class of Loans |
Based on the most recent analysis performed by management, the risk category of loans by class of loans is as follows:
|
|
|
As of December 31, 2016 |
|
|
|
|
|
|
|
|
Sound/
Acceptable/
Satisfactory/
Low Satisfactory |
|
|
Watch |
|
|
Special
Mention |
|
|
Substandard Performing |
|
|
Substandard
Impaired |
|
|
Total
Loans |
|
|
|
|
(dollars in thousands) |
|
|
Agricultural loans |
|
$ |
502,084 |
|
|
$ |
84,801 |
|
|
$ |
12,657 |
|
|
$ |
12,046 |
|
|
$ |
13,044 |
|
|
$ |
624,632 |
|
|
Commercial real estate loans |
|
|
225,038 |
|
|
|
27,368 |
|
|
|
378 |
|
|
|
12,739 |
|
|
|
4,952 |
|
|
|
270,475 |
|
|
Commercial loans |
|
|
74,221 |
|
|
|
6,624 |
|
|
|
1,632 |
|
|
|
4,091 |
|
|
|
3,376 |
|
|
|
89,944 |
|
|
Residential real estate loans |
|
|
40,556 |
|
|
|
4,151 |
|
|
|
501 |
|
|
|
— |
|
|
|
68 |
|
|
|
45,276 |
|
|
Installment and consumer other |
|
|
159 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
159 |
|
|
Total |
|
$ |
842,058 |
|
|
$ |
122,944 |
|
|
$ |
15,168 |
|
|
$ |
28,876 |
|
|
$ |
21,440 |
|
|
$ |
1,030,486 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2015 |
|
|
|
|
|
|
|
|
Sound/
Acceptable/
Satisfactory/
Low Satisfactory |
|
|
Watch |
|
|
Special
Mention |
|
|
Substandard
Impaired |
|
|
Total
Loans |
|
|
|
|
|
|
|
|
(dollars in thousands) |
|
|
|
|
|
|
Agricultural loans |
|
$ |
441,528 |
|
|
$ |
30,762 |
|
|
$ |
6,306 |
|
|
$ |
20,724 |
|
|
$ |
499,320 |
|
|
|
|
|
|
Commercial real estate loans |
|
|
139,061 |
|
|
|
13,956 |
|
|
|
4,527 |
|
|
|
4,197 |
|
|
|
161,741 |
|
|
|
|
|
|
Commercial loans |
|
|
40,496 |
|
|
|
5,468 |
|
|
|
533 |
|
|
|
5,481 |
|
|
|
51,978 |
|
|
|
|
|
|
Residential real estate loans |
|
|
27,514 |
|
|
|
4,572 |
|
|
|
2,545 |
|
|
|
— |
|
|
|
34,631 |
|
|
|
|
|
|
Installment and consumer other |
|
|
518 |
|
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
519 |
|
|
|
|
|
|
Total |
|
$ |
649,117 |
|
|
$ |
54,759 |
|
|
$ |
13,911 |
|
|
$ |
30,402 |
|
|
$ |
748,189 |
|
|
|
|
|
|