XML 29 R13.htm IDEA: XBRL DOCUMENT
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Loans | 12 Months Ended
--- | ---
Dec. 31, 2018
Loans |
Loans | Note 5: Loans Major classifications of loans were as follows:
|  | December 31, 2018 |  | December 31, 2017 |
Commercial |  | $ | 314,323 |  | $ | 272,851 |
Leases |  |  | 78,806 |  |  | 68,325 |
Real estate - commercial |  |  | 820,941 |  |  | 750,991 |
Real estate - construction |  |  | 108,390 |  |  | 85,162 |
Real estate - residential |  |  | 407,068 |  |  | 313,397 |
HELOC |  |  | 140,442 |  |  | 112,833 |
Other 1 |  |  | 14,439 |  |  | 13,383 |
Total loans, excluding deferred loan costs and PCI loans |  |  | 1,884,409 |  |  | 1,616,942 |
Net deferred loan costs |  |  | 1,653 |  |  | 680 |
Total loans, excluding PCI loans |  |  | 1,886,062 |  |  | 1,617,622 |
PCI loans, net of purchase accounting adjustments |  |  | 10,965 |  |  | - |
Total loans |  | $ | 1,897,027 |  | $ | 1,617,622 |
1 The “Other” class includes consumer loans and overdrafts. Total loans reflects growth of $279.4 million for the year ended December 31, 2018. There are no significant concentrations of loans where the customers’ ability to honor loan terms is dependent upon a single economic sector although the real estate related categories listed above represent 77.9% and 78.0% of the portfolio at December 31, 2018, and December 31, 2017, respectively. Aged analysis of past due loans by class of loans as of December 31, 2018, and December 31, 2017, were as follows:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Recorded
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Investment
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 90 days or
|  |  |  |  |  |  |  | 90 Days or |  |  |  |  |  |  |  |  |  |  |  |  |  | Greater Past
|  | 30-59 Days |  | 60-89 Days |  | Greater Past |  | Total Past |  |  |  |  |  |  |  |  |  |  | Due and
December 31, 2018 |  | Past Due |  | Past Due |  | Due |  | Due |  | Current |  | Nonaccrual |  | Total Loans |  | Accruing
Commercial |  | $ | 58 |  | $ | - |  | $ | 352 |  | $ | 410 |  | $ | 313,913 |  | $ | - |  | $ | 314,323 |  | $ | 361
Leases |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 78,806 |  |  | - |  |  | 78,806 |  |  | -
Real estate - commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied general purpose |  |  | 1,768 |  |  | - |  |  | 33 |  |  | 1,801 |  |  | 160,892 |  |  | 1,579 |  |  | 164,272 |  |  | 36
Owner occupied special purpose |  |  | 826 |  |  | 135 |  |  | - |  |  | 961 |  |  | 192,426 |  |  | 395 |  |  | 193,782 |  |  | -
Non-owner occupied general purpose |  |  | 2,832 |  |  | 203 |  |  | - |  |  | 3,035 |  |  | 286,115 |  |  | 4,236 |  |  | 293,386 |  |  | -
Non-owner occupied special purpose |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 106,036 |  |  | 3,099 |  |  | 109,135 |  |  | -
Retail properties |  |  | - |  |  | 620 |  |  | - |  |  | 620 |  |  | 45,968 |  |  | - |  |  | 46,588 |  |  | -
Farm |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 13,778 |  |  | - |  |  | 13,778 |  |  | -
Real estate - construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilder |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 5,102 |  |  | - |  |  | 5,102 |  |  | -
Land |  |  | 266 |  |  | - |  |  | - |  |  | 266 |  |  | 2,478 |  |  | - |  |  | 2,744 |  |  | -
Commercial speculative |  |  | - |  |  | - |  |  | 350 |  |  | 350 |  |  | 55,060 |  |  | - |  |  | 55,410 |  |  | 355
All other |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 45,028 |  |  | 106 |  |  | 45,134 |  |  | -
Real estate - residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investor |  |  | 801 |  |  | 156 |  |  | - |  |  | 957 |  |  | 69,148 |  |  | 353 |  |  | 70,458 |  |  | -
Multi-family |  |  | 545 |  |  | - |  |  | 179 |  |  | 724 |  |  | 195,504 |  |  | - |  |  | 196,228 |  |  | 180
Owner occupied |  |  | 1,241 |  |  | 705 |  |  | - |  |  | 1,946 |  |  | 135,360 |  |  | 3,076 |  |  | 140,382 |  |  | -
HELOC |  |  | 775 |  |  | - |  |  | - |  |  | 775 |  |  | 138,801 |  |  | 866 |  |  | 140,442 |  |  | -
Other 1 |  |  | 53 |  |  | 5 |  |  | 3 |  |  | 61 |  |  | 16,000 |  |  | 31 |  |  | 16,092 |  |  | 3
Total, excluding PCI loans |  | $ | 9,165 |  | $ | 1,824 |  | $ | 917 |  | $ | 11,906 |  | $ | 1,860,415 |  | $ | 13,741 |  | $ | 1,886,062 |  | $ | 935
PCI loans, net of purchase accounting adjustments |  |  | 1,452 |  |  | - |  |  | - |  |  | 1,452 |  |  | 7,248 |  |  | 2,265 |  |  | 10,965 |  |  | -
Total |  | $ | 10,617 |  | $ | 1,824 |  | $ | 917 |  | $ | 13,358 |  | $ | 1,867,663 |  | $ | 16,006 |  | $ | 1,897,027 |  | $ | 935
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Recorded
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Investment
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 90 days or
|  |  |  |  |  |  |  | 90 Days or |  |  |  |  |  |  |  |  |  |  |  |  |  | Greater Past
|  | 30-59 Days |  | 60-89 Days |  | Greater Past |  | Total Past |  |  |  |  |  |  |  |  |  |  | Due and
December 31, 2017 |  | Past Due |  | Past Due |  | Due |  | Due |  | Current |  | Nonaccrual |  | Total Loans |  | Accruing
Commercial |  | $ | 995 |  | $ | 275 |  | $ | - |  | $ | 1,270 |  | $ | 271,581 |  | $ | - |  | $ | 272,851 |  | $ | -
Leases |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 68,147 |  |  | 178 |  |  | 68,325 |  |  | -
Real estate - commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied general purpose |  |  | 1,136 |  |  | - |  |  | - |  |  | 1,136 |  |  | 144,267 |  |  | 455 |  |  | 145,858 |  |  | -
Owner occupied special purpose |  |  | 226 |  |  | - |  |  | - |  |  | 226 |  |  | 170,546 |  |  | 342 |  |  | 171,114 |  |  | -
Non-owner occupied general purpose |  |  | - |  |  | 593 |  |  | - |  |  | 593 |  |  | 273,203 |  |  | 1,163 |  |  | 274,959 |  |  | -
Non-owner occupied special purpose |  |  | - |  |  | - |  |  | 248 |  |  | 248 |  |  | 92,923 |  |  | - |  |  | 93,171 |  |  | 254
Retail properties |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 49,538 |  |  | 1,081 |  |  | 50,619 |  |  | -
Farm |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 15,270 |  |  | - |  |  | 15,270 |  |  | -
Real estate - construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilder |  |  | 129 |  |  | - |  |  | - |  |  | 129 |  |  | 2,221 |  |  | - |  |  | 2,350 |  |  | -
Land |  |  | 1,124 |  |  | - |  |  | - |  |  | 1,124 |  |  | 1,319 |  |  | - |  |  | 2,443 |  |  | -
Commercial speculative |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 32,028 |  |  | - |  |  | 32,028 |  |  | -
All other |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 48,140 |  |  | 201 |  |  | 48,341 |  |  | -
Real estate - residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investor |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 55,248 |  |  | 372 |  |  | 55,620 |  |  | -
Multi-family |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 125,049 |  |  | 4,723 |  |  | 129,772 |  |  | -
Owner occupied |  |  | 74 |  |  | - |  |  | - |  |  | 74 |  |  | 123,257 |  |  | 4,674 |  |  | 128,005 |  |  | -
HELOC |  |  | 491 |  |  | 278 |  |  | - |  |  | 769 |  |  | 110,872 |  |  | 1,192 |  |  | 112,833 |  |  | -
Other 1 |  |  | 37 |  |  | - |  |  | - |  |  | 37 |  |  | 14,019 |  |  | 7 |  |  | 14,063 |  |  | -
Total |  | $ | 4,212 |  | $ | 1,146 |  | $ | 248 |  | $ | 5,606 |  | $ | 1,597,628 |  | $ | 14,388 |  | $ | 1,617,622 |  | $ | 254
1 The “Other” class includes consumer loans, overdrafts and net deferred costs. Credit Quality Indicators: The Company categorizes loans into credit risk categories based on current financial information, overall debt service coverage, comparison against industry averages, historical payment experience, and current economic trends. This analysis includes loans with outstanding balances or commitments greater than $50,000 and excludes homogeneous loans such as home equity lines of credit and residential mortgages. Loans with a classified risk rating are reviewed quarterly regardless of size or loan type. The Company uses the following definitions for classified risk ratings: Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan at some future date. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Credits that are not covered by the definitions above are pass credits, which are not considered to be adversely rated. Credit Quality Indicators by class of loans as of December 31, 2018, and December 31, 2017, were as follows:
December 31, 2018 |  |  |  |  | Special |  |  |  |  |  |  |  |  |
|  | Pass |  | Mention |  | Substandard 2 |  | Doubtful |  | Total
Commercial |  | $ | 305,993 |  | $ | 8,193 |  | $ | 137 |  | $ | - |  | $ | 314,323
Leases |  |  | 78,806 |  |  | - |  |  | - |  |  | - |  |  | 78,806
Real estate - commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied general purpose |  |  | 157,334 |  |  | 1,660 |  |  | 5,278 |  |  | - |  |  | 164,272
Owner occupied special purpose |  |  | 186,218 |  |  | 3,429 |  |  | 4,135 |  |  | - |  |  | 193,782
Non-owner occupied general purpose |  |  | 284,818 |  |  | 202 |  |  | 8,366 |  |  | - |  |  | 293,386
Non-owner occupied special purpose |  |  | 104,526 |  |  | 1,510 |  |  | 3,099 |  |  | - |  |  | 109,135
Retail Properties |  |  | 44,805 |  |  | - |  |  | 1,783 |  |  | - |  |  | 46,588
Farm |  |  | 11,307 |  |  | 1,249 |  |  | 1,222 |  |  | - |  |  | 13,778
Real estate - construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilder |  |  | 5,102 |  |  | - |  |  | - |  |  | - |  |  | 5,102
Land |  |  | 2,744 |  |  | - |  |  | - |  |  | - |  |  | 2,744
Commercial speculative |  |  | 55,410 |  |  | - |  |  | - |  |  | - |  |  | 55,410
All other |  |  | 42,524 |  |  | - |  |  | 2,610 |  |  | - |  |  | 45,134
Real estate - residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investor |  |  | 69,242 |  |  | - |  |  | 1,216 |  |  | - |  |  | 70,458
Multi-family |  |  | 195,249 |  |  | - |  |  | 979 |  |  | - |  |  | 196,228
Owner occupied |  |  | 135,858 |  |  | - |  |  | 4,524 |  |  | - |  |  | 140,382
HELOC |  |  | 138,553 |  |  | - |  |  | 1,889 |  |  | - |  |  | 140,442
Other 1 |  |  | 16,061 |  |  | - |  |  | 31 |  |  | - |  |  | 16,092
Total, excluding PCI loans |  | $ | 1,834,550 |  | $ | 16,243 |  | $ | 35,269 |  | $ | - |  | $ | 1,886,062
PCI loans, net of purchase accounting adjustments |  |  | 907 |  |  | 2,906 |  |  | 7,152 |  |  | - |  |  | 10,965
Total |  | $ | 1,835,457 |  | $ | 19,149 |  | $ | 42,421 |  | $ | - |  | $ | 1,897,027
December 31, 2017 |  |  |  |  | Special |  |  |  |  |  |  |  |  |
|  | Pass |  | Mention |  | Substandard 2 |  | Doubtful |  | Total
Commercial |  | $ | 270,889 |  | $ | 1,962 |  | $ | - |  | $ | - |  | $ | 272,851
Leases |  |  | 67,500 |  |  | - |  |  | 825 |  |  | - |  |  | 68,325
Real estate - commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied general purpose |  |  | 142,843 |  |  | 1,927 |  |  | 1,088 |  |  | - |  |  | 145,858
Owner occupied special purpose |  |  | 169,621 |  |  | 1,152 |  |  | 341 |  |  | - |  |  | 171,114
Non-owner occupied general purpose |  |  | 271,731 |  |  | 2,065 |  |  | 1,163 |  |  | - |  |  | 274,959
Non-owner occupied special purpose |  |  | 89,582 |  |  | - |  |  | 3,589 |  |  | - |  |  | 93,171
Retail Properties |  |  | 48,321 |  |  | 1,217 |  |  | 1,081 |  |  | - |  |  | 50,619
Farm |  |  | 11,755 |  |  | 1,029 |  |  | 2,486 |  |  | - |  |  | 15,270
Real estate - construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilder |  |  | 2,350 |  |  | - |  |  | - |  |  | - |  |  | 2,350
Land |  |  | 2,443 |  |  | - |  |  | - |  |  | - |  |  | 2,443
Commercial speculative |  |  | 32,028 |  |  | - |  |  | - |  |  | - |  |  | 32,028
All other |  |  | 46,913 |  |  | 1,052 |  |  | 376 |  |  | - |  |  | 48,341
Real estate - residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investor |  |  | 55,172 |  |  | - |  |  | 448 |  |  | - |  |  | 55,620
Multi-family |  |  | 125,049 |  |  | - |  |  | 4,723 |  |  | - |  |  | 129,772
Owner occupied |  |  | 122,178 |  |  | 561 |  |  | 5,266 |  |  | - |  |  | 128,005
HELOC |  |  | 110,934 |  |  | - |  |  | 1,899 |  |  | - |  |  | 112,833
Other 1 |  |  | 14,043 |  |  | - |  |  | 20 |  |  | - |  |  | 14,063
Total |  | $ | 1,583,352 |  | $ | 10,965 |  | $ | 23,305 |  | $ | - |  | $ | 1,617,622
1 The “Other” class includes consumer, overdrafts and net deferred costs. 2 The substandard credit quality indicator includes both potential problem loans that are currently performing and nonperforming loans. The Company had $448,000 and $1.3 million in consumer mortgage loans in the process of foreclosure as of December 31, 2018 and December 31, 2017, respectively. Impaired loans, which include nonaccrual loans and troubled debt restructurings, by class of loan as of December 31, were as follows:
|  | December 31, 2018 |  | December 31, 2017
|  |  |  |  | Unpaid |  |  |  |  |  |  | Unpaid |  |
|  | Recorded |  | Principal |  | Related |  | Recorded |  | Principal |  | Related
|  | Investment |  | Balance |  | Allowance |  | Investment |  | Balance |  | Allowance
With no related allowance recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | -
Leases |  |  | - |  |  | - |  |  | - |  |  | 178 |  |  | 213 |  |  | -
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied general purpose |  |  | 1,659 |  |  | 1,782 |  |  | - |  |  | 455 |  |  | 495 |  |  | -
Owner occupied special purpose |  |  | 395 |  |  | 530 |  |  | - |  |  | 342 |  |  | 498 |  |  | -
Non-owner occupied general purpose |  |  | 1,138 |  |  | 1,159 |  |  | - |  |  | 1,163 |  |  | 1,538 |  |  | -
Non-owner occupied special purpose |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Retail properties |  |  | - |  |  | - |  |  | - |  |  | 1,081 |  |  | 1,177 |  |  | -
Farm |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilder |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Land |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Commercial speculative |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
All other |  |  | 49 |  |  | 73 |  |  | - |  |  | 201 |  |  | 229 |  |  | -
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investor |  |  | 353 |  |  | 459 |  |  | - |  |  | 372 |  |  | 676 |  |  | -
Multi-family |  |  | - |  |  | - |  |  | - |  |  | 4,723 |  |  | 4,965 |  |  | -
Owner occupied |  |  | 3,359 |  |  | 4,882 |  |  | - |  |  | 5,208 |  |  | 6,680 |  |  | -
HELOC |  |  | 884 |  |  | 1,003 |  |  | - |  |  | 1,125 |  |  | 1,313 |  |  | -
Other 1 |  |  | 7 |  |  | 7 |  |  | - |  |  | 7 |  |  | 8 |  |  | -
Total impaired loans with no recorded allowance |  |  | 7,844 |  |  | 9,895 |  |  | - |  |  | 14,855 |  |  | 17,792 |  |  | -
With an allowance recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Leases |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied general purpose |  |  | 396 |  |  | 396 |  |  | 3 |  |  | - |  |  | - |  |  | -
Owner occupied special purpose |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Non-owner occupied general purpose |  |  | 3,098 |  |  | 4,038 |  |  | 97 |  |  | - |  |  | - |  |  | -
Non-owner occupied special purpose |  |  | 3,099 |  |  | 3,575 |  |  | 139 |  |  | - |  |  | - |  |  | -
Retail properties |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Farm |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilder |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Land |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Commercial speculative |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
All other |  |  | 57 |  |  | 58 |  |  | 1 |  |  | - |  |  | - |  |  | -
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investor |  |  | 808 |  |  | 808 |  |  | 4 |  |  | 829 |  |  | 829 |  |  | 10
Multi-family |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Owner occupied |  |  | 3,676 |  |  | 3,679 |  |  | 46 |  |  | 3,443 |  |  | 3,443 |  |  | 43
HELOC |  |  | 1,357 |  |  | 1,357 |  |  | 49 |  |  | 985 |  |  | 985 |  |  | 91
Other 1 |  |  | 24 |  |  | 25 |  |  | 13 |  |  | - |  |  | - |  |  | -
Total impaired loans with a recorded allowance |  |  | 12,515 |  |  | 13,936 |  |  | 352 |  |  | 5,257 |  |  | 5,257 |  |  | 144
Total impaired loans |  | $ | 20,359 |  | $ | 23,831 |  | $ | 352 |  | $ | 20,112 |  | $ | 23,049 |  | $ | 144
1 The “Other” class includes consumer loans and overdraft. Average recorded investment and interest income recognized on impaired loans by class of loan for the years ending December 31 were as follows:
|  | Years Ended |  | Years Ended |  | Years Ended
|  | December 31, 2018 |  | December 31, 2017 |  | December 31, 2016
|  | Average |  | Interest |  | Average |  | Interest |  | Average |  | Interest
|  | Recorded |  | Income |  | Recorded |  | Income |  | Recorded |  | Income
|  | Investment |  | Recognized |  | Investment |  | Recognized |  | Investment |  | Recognized
With no related allowance recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | - |  | $ | - |  | $ | 120 |  | $ | - |  | $ | 155 |  | $ | -
Lease |  |  | 89 |  |  | - |  |  | 272 |  |  | - |  |  | 183 |  |  | -
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied general purpose |  |  | 1,057 |  |  | 8 |  |  | 1,168 |  |  | - |  |  | 2,098 |  |  | 87
Owner occupied special purpose |  |  | 369 |  |  | - |  |  | 364 |  |  | - |  |  | 574 |  |  | -
Non-owner occupied general purpose |  |  | 1,150 |  |  | - |  |  | 1,453 |  |  | - |  |  | 1,395 |  |  | 2
Non-owner occupied special purpose |  |  | - |  |  | - |  |  | 507 |  |  | - |  |  | 507 |  |  | -
Retail properties |  |  | 541 |  |  | - |  |  | 1,130 |  |  | - |  |  | 589 |  |  | -
Farm |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 636 |  |  | -
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilder |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Land |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Commercial speculative |  |  | - |  |  | - |  |  | 37 |  |  | - |  |  | 79 |  |  | -
All other |  |  | 125 |  |  | - |  |  | 204 |  |  | - |  |  | 103 |  |  | -
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investor |  |  | 362 |  |  | - |  |  | 1,106 |  |  | - |  |  | 1,874 |  |  | 47
Multi-family |  |  | 2,362 |  |  | - |  |  | 2,362 |  |  | - |  |  | - |  |  | -
Owner occupied |  |  | 4,283 |  |  | 39 |  |  | 7,516 |  |  | 44 |  |  | 10,181 |  |  | 158
HELOC |  |  | 1,005 |  |  | 1 |  |  | 1,804 |  |  | 1 |  |  | 2,608 |  |  | 29
Other 1 |  |  | 7 |  |  | - |  |  | 4 |  |  | - |  |  | - |  |  | -
Total impaired loans with no recorded allowance |  |  | 11,350 |  |  | 48 |  |  | 18,047 |  |  | 45 |  |  | 20,982 |  |  | 323
With an allowance recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 2 |  |  | -
Leases |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied general purpose |  |  | 198 |  |  | 29 |  |  | - |  |  | - |  |  | - |  |  | -
Owner occupied special purpose |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Non-owner occupied general purpose |  |  | 1,549 |  |  | - |  |  | 123 |  |  | - |  |  | 123 |  |  | -
Non-owner occupied special purpose |  |  | 1,549 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Retail properties |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Farm |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilder |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Land |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Commercial speculative |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
All other |  |  | 29 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investor |  |  | 818 |  |  | 43 |  |  | 414 |  |  | 43 |  |  | - |  |  | -
Multi-family |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Owner occupied |  |  | 3,560 |  |  | 150 |  |  | 2,123 |  |  | 123 |  |  | 457 |  |  | -
HELOC |  |  | 1,171 |  |  | 56 |  |  | 493 |  |  | 35 |  |  | 23 |  |  | -
Other 1 |  |  | 12 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Total impaired loans with a recorded allowance |  |  | 8,886 |  |  | 278 |  |  | 3,153 |  |  | 201 |  |  | 605 |  |  | -
Total impaired loans |  | $ | 20,236 |  | $ | 326 |  | $ | 21,200 |  | $ | 246 |  | $ | 21,587 |  | $ | 323
1 The “Other” class includes consumer loans and overdrafts. Troubled debt restructurings (“TDRs”) are loans for which the contractual terms have been modified and both of these conditions exist: (1) there is a concession to the borrower and (2) the borrower is experiencing financial difficulties. Loans are restructured on a case-by-case basis during the loan collection process with modifications generally initiated at the request of the borrower. These modifications may include reduction in interest rates, extension of term, deferrals of principal, and other modifications. The Bank participates in the U.S. Department of the Treasury’s (the “Treasury”) Home Affordable Modification Program (“HAMP”) which gives qualifying homeowners an opportunity to refinance into more affordable monthly payments. The specific allocation of the ALLL on a TDR is determined by either discounting the modified cash flows at the original effective rate of the loan before modification or is based on the underlying collateral value less costs to sell, if repayment of the loan is collateral-dependent. If the resulting amount is less than the recorded book value, the Bank either establishes a valuation allowance (i.e. specific reserve) as a component of the ALLL or charges off the impaired balance if it determines that such amount is a confirmed loss. This method is used consistently for all segments of the portfolio. Loans that were modified during the period are summarized as follows:
|  | TDR Modifications |
|  | Years Ended December 31, 2018 |
|  | # of |  | Pre-modification |  | Post-modification |
|  | contracts |  | recorded investment |  | recorded investment |
Troubled debt restructurings |  |  |  |  |  |  |  |  |
Real estate - commercial |  |  |  |  |  |  |  |  |
Owner occupied general purpose |  |  |  |  |  |  |  |  |
Other 1 |  | 1 |  | $ | 427 |  | $ | 396 |
Owner occupied special purpose |  |  |  |  |  |  |  |  |
Other 1 |  | 1 |  |  | 110 |  |  | 46 |
Real estate - construction |  |  |  |  |  |  |  |  |
All other |  |  |  |  |  |  |  |  |
Hamp 2 |  | 1 |  |  | 58 |  |  | 56 |
Real estate - residential |  |  |  |  |  |  |  |  |
Owner occupied |  |  |  |  |  |  |  |  |
HAMP 2 |  | 4 |  |  | 502 |  |  | 443 |
Other 1 |  | 1 |  |  | 34 |  |  | 29 |
HELOC |  |  |  |  |  |  |  |  |
HAMP 2 |  | 3 |  |  | 117 |  |  | 115 |
Rate 3 |  | 1 |  |  | 24 |  |  | 24 |
Other 1 |  | 9 |  |  | 622 |  |  | 600 |
Total |  | 21 |  | $ | 1,894 |  | $ | 1,709 |
|  | TDR Modifications |
|  | Years Ended December 31, 2017 |
|  | # of |  | Pre-modification |  | Post-modification |
|  | contracts |  | recorded investment |  | recorded investment |
Troubled debt restructurings |  |  |  |  |  |  |  |  |
Real estate - commercial |  |  |  |  |  |  |  |  |
Other 1 |  | 1 |  | $ | 97 |  | $ | 131 |
Real estate - residential |  |  |  |  |  |  |  |  |
Owner occupied |  |  |  |  |  |  |  |  |
HAMP 2 |  | 2 |  |  | 184 |  |  | 189 |
Other 1 |  | 1 |  |  | 41 |  |  | 42 |
Revolving and junior liens |  |  |  |  |  |  |  |  |
HAMP 2 |  | 1 |  |  | 49 |  |  | 49 |
Other 1 |  | 6 |  |  | 319 |  |  | 350 |
Total |  | 11 |  | $ | 690 |  | $ | 761 |
1 Other: Change of terms from bankruptcy court 2 HAMP: Home Affordable Modification Program 3 Rate: Refers to interest rate reduction TDRs are classified as being in default on a case-by-case basis when they fail to be in compliance with the modified terms. There were no TDRs that defaulted during year 2018 and 2017. The Bank had no commitments to borrowers whose loans were classified as impaired at December 31, 2018. The following table details the accretable discount on all of the Company’s purchased loans, both non-PCI loans and PCI loans as of December 31, 2018:
|  | Accretable Discount - Non-PCI Loans |  | Accretable Discount - PCI Loans |  | Non-Accretable Discount - PCI Loans |  | Total
Beginning balance, January 1, 2018 |  | $ | 835 |  | $ | - |  | $ | - |  | $ | 835
Purchases |  |  | 3,182 |  |  | 1,551 |  |  | 6,536 |  |  | 11,269
Accretion |  |  | (1,777) |  |  | (424) |  |  | (434) |  |  | (2,635)
Transfer 1 |  |  | (373) |  |  | (28) |  |  | (133) |  |  | (534)
Ending balance, December 31, 2018 |  | $ | 1,867 |  | $ | 1,099 |  | $ | 5,969 |  | $ | 8,935
1 Transfer was due to loans moved to OREO. Loans to principal officers, directors, and their affiliates, which are made in the ordinary course of business, were as follows at December 31:
|  | 2018 |  | 2017 |
Beginning balance |  | $ | 1,524 |  | $ | 1,703 |
New loans |  |  | 89 |  |  | 20 |
Repayments and other reductions |  |  | (196) |  |  | (199) |
Change in related party status |  |  | - |  |  | - |
Ending balance |  | $ | 1,417 |  | $ | 1,524 |
No loans to principal officers, directors, and their affiliates were past due greater than 90 days at either December 31, 2018, or December 31, 2017.

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