FIRST BANCSHARES INC /MS/ | 2013 | FY |

The following tables provide additional detail of impaired loans broken out according to class as of December 31, 2013 and 2012. The recorded investment included in the following table represents customer balances net of any partial charge-offs recognized on the loans, net of any deferred fees and costs. As nearly all of our impaired loans at December 31, 2013 are on nonaccrual status, recorded investment excludes any insignificant amount of accrued interest receivable on loans 90-days or more past due and still accruing. The unpaid balance represents the recorded balance prior to any partial charge-offs.

 

December 31, 2013

 

											Average			Interest
											Recorded			Income
		Recorded			Unpaid			Related			Investment			Recognized
		Investment			Balance			Allowance			YTD			YTD
		(In thousands)
Impaired loans with     no related allowance:
Commercial installment		$	3		$	3		$	-		$	45		$	-
Commercial real estate			353			353			-			1,035			8
Consumer real estate			341			399			-			262			9
Consumer installment			4			4			-			5			-
Total		$	701		$	759		$	-		$	1,347		$	17
Impaired loans with     a related allowance:
Commercial installment		$	79		$	79		$	10		$	42		$	6
Commercial real estate			2,685			2,685			400			2,147			100
Consumer real estate			1,202			1,272			404			1,019			21
Consumer installment			35			35			35			36			4
Total		$	4,001		$	4,071		$	849		$	3,244		$	131
Total Impaired Loans:
Commercial installment		$	82		$	82		$	10		$	87		$	6
Commercial real estate			3,038			3,038			400			3,182			108
Consumer real estate			1,543			1,671			404			1,281			30
Consumer installment			39			39			35			41			4
Total Impaired Loans		$	4,702		$	4,830		$	849		$	4,591		$	148

 

December 31, 2012

 

											Average			Interest
											Recorded			Income
		Recorded			Unpaid			Related			Investment			Recognized
		Investment			Balance			Allowance			YTD			YTD
		(In thousands)
Impaired loans with     no related allowance:
Commercial installment		$	15		$	15		$	-		$	46		$	-
Commercial real estate			1,013			1,529			-			1,004			39
Consumer real estate			106			969			-			168			8
Consumer installment			311			311			-			156			1
Total		$	1,445		$	2,824		$	-		$	1,374		$	48
Impaired loans with     a related allowance:
Commercial installment		$	203		$	203		$	73		$	173		$	8
Commercial real estate			1,549			1,549			747			1,546			38
Consumer real estate			44			44			44			72			4
Consumer installment			348			348			72			197			2
Total		$	2,144		$	2,144		$	936		$	1,988		$	52
Total Impaired Loans:
Commercial installment		$	218		$	218		$	73		$	219		$	8
Commercial real estate			2,562			3,078			747			2,550			77
Consumer real estate			150			1,013			44			240			12
Consumer installment			659			659			72			353			3
Total Impaired Loans		$	3,589		$	4,968		$	936		$	3,362		$	100