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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

9 Months Ended

Sep. 30, 2018

Receivables [Abstract]

Summary of Loan Portfolio, Excluding Residential Loans Held for Sale, Broken Out by Classes

The following table presents the loan portfolio by segment and class, excluding residential LHFS, at September 30, 2018 and December 31, 2017.

(Dollars in thousands)	September 30, 2018				December 31, 2017
Commercial real estate:
Owner occupied	$	119,056			$	116,811
Non-owner occupied	249,529				244,491
Multi-family	75,314				53,634
Non-owner occupied residential	84,598				77,980
Acquisition and development:
1-4 family residential construction	10,217				11,730
Commercial and land development	33,735				19,251
Commercial and industrial	127,011				115,663
Municipal	39,429				42,065
Residential mortgage:
First lien	167,178				162,509
Home equity - term	10,513				11,784
Home equity - lines of credit	135,578				132,192
Installment and other loans	32,783				21,902
	$	1,084,941			$	1,010,012

Bank's Ratings Based on its Internal Risk Rating System

The following table summarizes the Company’s loan portfolio ratings based on its internal risk rating system at September 30, 2018 and December 31, 2017.

(Dollars in thousands)	Pass				Special Mention				Non-Impaired Substandard				Impaired - Substandard				Doubtful				Total
September 30, 2018
Commercial real estate:
Owner occupied	$	114,871			$	1,962			$	275			$	1,948			$	0			$	119,056
Non-owner occupied	239,429				5,700				4,400				0				0				249,529
Multi-family	68,981				5,468				726				139				0				75,314
Non-owner occupied residential	82,381				744				1,144				329				0				84,598
Acquisition and development:
1-4 family residential construction	10,016				0				0				201				0				10,217
Commercial and land development	33,120				25				590				0				0				33,735
Commercial and industrial	124,819				1,883				0				309				0				127,011
Municipal	39,429				0				0				0				0				39,429
Residential mortgage:
First lien	164,247				0				0				2,931				0				167,178
Home equity - term	10,495				0				0				18				0				10,513
Home equity - lines of credit	134,716				77				59				726				0				135,578
Installment and other loans	32,783				0				0				0				0				32,783
	$	1,055,287			$	15,859			$	7,194			$	6,601			$	0			$	1,084,941
December 31, 2017
Commercial real estate:
Owner occupied	$	113,240			$	413			$	1,921			$	1,237			$	0			$	116,811
Non-owner occupied	235,919				0				4,507				4,065				0				244,491
Multi-family	48,603				4,113				753				165				0				53,634
Non-owner occupied residential	76,373				142				1,084				381				0				77,980
Acquisition and development:
1-4 family residential construction	11,238				0				0				492				0				11,730
Commercial and land development	18,635				5				611				0				0				19,251
Commercial and industrial	113,162				2,151				0				350				0				115,663
Municipal	42,065				0				0				0				0				42,065
Residential mortgage:
First lien	158,673				0				0				3,836				0				162,509
Home equity - term	11,762				0				0				22				0				11,784
Home equity - lines of credit	131,585				80				60				467				0				132,192
Installment and other loans	21,891				0				0				11				0				21,902
	$	983,146			$	6,904			$	8,936			$	11,026			$	0			$	1,010,012

Impaired Loans by Class

The following table summarizes impaired loans by segment and class, segregated by those for which a specific allowance was required and those for which a specific allowance was not required at September 30, 2018 and December 31, 2017. The recorded investment in loans excludes accrued interest receivable due to insignificance. Related allowances established generally pertain to those loans in which loan forbearance agreements were in the process of being negotiated or updated appraisals were pending, and any partial charge-off will be recorded when final information is received.

	Impaired Loans with a Specific Allowance												Impaired Loans with No Specific Allowance
(Dollars in thousands)	Recorded Investment (Book Balance)				Unpaid Principal Balance (Legal Balance)				Related Allowance				Recorded Investment (Book Balance)				Unpaid Principal Balance (Legal Balance)
September 30, 2018
Commercial real estate:
Owner occupied	$	0			$	0			$	0			$	1,948			$	2,602
Multi-family	0				0				0				139				340
Non-owner occupied residential	0				0				0				329				642
Acquisition and development:
1-4 family residential construction	0				0				0				201				201
Commercial and industrial	0				0				0				309				474
Residential mortgage:
First lien	853				853				39				2,078				3,497
Home equity - term	0				0				0				18				24
Home equity - lines of credit	0				0				0				726				994
	$	853			$	853			$	39			$	5,748			$	8,774
December 31, 2017
Commercial real estate:
Owner occupied	$	0			$	0			$	0			$	1,237			$	2,479
Non-owner occupied	0				0				0				4,065				4,856
Multi-family	0				0				0				165				352
Non-owner occupied residential	0				0				0				381				669
Acquisition and development:
1-4 family residential construction	0				0				0				492				492
Commercial and industrial	0				0				0				350				495
Residential mortgage:
First lien	872				872				42				2,964				3,706
Home equity - term	0				0				0				22				27
Home equity - lines of credit	0				0				0				467				628
Installment and other loans	9				9				9				2				33
	$	881			$	881			$	51			$	10,145			$	13,737

Average Recorded Investment in Impaired Loans and Related Interest Income

The following table summarize the average recorded investment in impaired loans and related recognized interest income for the three and nine months ended September 30, 2018 and 2017.

	2018								2017
(Dollars in thousands)	Average Impaired Balance				Interest Income Recognized				Average Impaired Balance				Interest Income Recognized
Three Months Ended September 30,
Commercial real estate:
Owner-occupied	$	1,569			$	1			$	882			$	0
Multi-family	144				0				178				0
Non-owner occupied residential	336				0				409				0
Acquisition and development:
1-4 family residential construction	201				0				123				0
Commercial and industrial	316				0				378				0
Residential mortgage:
First lien	2,900				15				3,812				23
Home equity – term	18				0				34				0
Home equity - lines of credit	692				0				469				0
Installment and other loans	1				0				15				0
	$	6,177			$	16			$	6,300			$	23
Nine Months Ended September 30,
Commercial real estate:
Owner occupied	$	1,372			$	2			$	984			$	5
Non-owner occupied	2,395				0				184				0
Multi-family	152				0				186				0
Non-owner occupied residential	355				0				427				0
Acquisition and development:
1-4 family residential construction	235				0				41				0
Commercial and industrial	330				0				431				0
Residential mortgage:
First lien	3,312				44				4,118				44
Home equity - term	20				0				69				0
Home equity - lines of credit	621				1				498				1
Installment and other loans	6				0				9				0
	$	8,798			$	47			$	6,947			$	50

Troubled Debt Restructurings

The following table presents impaired loans that are TDRs, with the recorded investment at September 30, 2018 and December 31, 2017.

	September 30, 2018							December 31, 2017
(Dollars in thousands)	Number of Contracts			Recorded Investment				Number of Contracts			Recorded Investment
Accruing:
Commercial real estate:
Owner occupied	1			$	39			1			$	52
Residential mortgage:
First lien	11			1,079				11			1,102
Home equity - lines of credit	1			25				1			29
	13			1,143				13			1,183
Nonaccruing:
Commercial real estate:
Owner occupied	1			40				1			57
Residential mortgage:
First lien	8			673				8			715
Installment and other loans	0			0				1			3
	9			713				10			775
	22			$	1,856			23			$	1,958

Number of Loans Modified and Their Pre-Modification and Post-Modification Investment Balances

The following table presents the number of loans modified, and their pre-modification and post-modification investment balances for the nine months ended September 30, 2018 and 2017.

	2018											2017
(Dollars in thousands)	Number of Contracts			Pre- Modification Recorded Investment				Post Modification Recorded Investment				Number of Contracts			Pre- Modification Recorded Investment				Post Modification Recorded Investment
Nine Months Ended September 30,
Commercial real estate:
Owner occupied	0			$	0			$	0			2			$	119			$	119

Loan Portfolio Summarized by Aging Categories of Performing Loans and Nonaccrual Loans

The following table presents the classes of loan portfolio summarized by aging categories of performing loans and nonaccrual loans at September 30, 2018 and December 31, 2017.

					Days Past Due
(Dollars in thousands)	Current				30-59				60-89				90+ (still accruing)				Total Past Due				Non- Accrual				Total Loans
September 30, 2018
Commercial real estate:
Owner occupied	$	117,147			$	0			$	0			$	0			$	0			$	1,909			$	119,056
Non-owner occupied	249,529				0				0				0				0				0				249,529
Multi-family	75,175				0				0				0				0				139				75,314
Non-owner occupied residential	84,099				170				0				0				170				329				84,598
Acquisition and development:
1-4 family residential construction	10,016				0				0				0				0				201				10,217
Commercial and land development	33,690				45				0				0				45				0				33,735
Commercial and industrial	126,602				100				0				0				100				309				127,011
Municipal	39,429				0				0				0				0				0				39,429
Residential mortgage:
First lien	164,763				403				160				0				563				1,852				167,178
Home equity - term	10,483				12				0				0				12				18				10,513
Home equity - lines of credit	134,166				451				260				0				711				701				135,578
Installment and other loans	32,703				74				6				0				80				0				32,783
	$	1,077,802			$	1,255			$	426			$	0			$	1,681			$	5,458			$	1,084,941
December 31, 2017
Commercial real estate:
Owner occupied	$	115,605			$	4			$	17			$	0			$	21			$	1,185			$	116,811
Non-owner occupied	240,426				0				0				0				0				4,065				244,491
Multi-family	53,469				0				0				0				0				165				53,634
Non-owner occupied residential	77,454				145				0				0				145				381				77,980
Acquisition and development:
1-4 family residential construction	11,238				0				0				0				0				492				11,730
Commercial and land development	19,226				25				0				0				25				0				19,251
Commercial and industrial	115,312				1				0				0				1				350				115,663
Municipal	42,065				0				0				0				0				0				42,065
Residential mortgage:
First lien	155,387				3,333				1,055				0				4,388				2,734				162,509
Home equity - term	11,753				9				0				0				9				22				11,784
Home equity - lines of credit	131,208				474				72				0				546				438				132,192
Installment and other loans	21,749				141				1				0				142				11				21,902
	$	994,892			$	4,132			$	1,145			$	0			$	5,277			$	9,843			$	1,010,012

Activity in Allowance for Loan Losses

The following table presents the activity in the ALL for the three and nine months ended September 30, 2018 and 2017.

	Commercial																				Consumer
(Dollars in thousands)	Commercial Real Estate				Acquisition and Development				Commercial and Industrial				Municipal				Total				Residential Mortgage				Installment and Other				Total				Unallocated				Total
Three Months Ended
September 30, 2018
Balance, beginning of period	$	6,680			$	720			$	1,598			$	80			$	9,078			$	3,544			$	230			$	3,774			$	585			$	13,437
Provision for loan losses	194				19				(38		)		(1		)		174				(45		)		146				101				(75		)		200
Charge-offs	(17		)		0				0				0				(17		)		(62		)		(80		)		(142		)		0				(159		)
Recoveries	200				0				1				0				201				102				31				133				0				334
Balance, end of period	$	7,057			$	739			$	1,561			$	79			$	9,436			$	3,539			$	327			$	3,866			$	510			$	13,812
September 30, 2017
Balance, beginning of period	$	6,777			$	579			$	1,291			$	117			$	8,764			$	3,386			$	131			$	3,517			$	470			$	12,751
Provision for loan losses	(102		)		(90		)		191				(12		)		(13		)		(12		)		74				62				51				100
Charge-offs	0				0				(30		)		0				(30		)		(54		)		(51		)		(105		)		0				(135		)
Recoveries	0				1				1				0				2				41				12				53				0				55
Balance, end of period	$	6,675			$	490			$	1,453			$	105			$	8,723			$	3,361			$	166			$	3,527			$	521			$	12,771
Nine Months Ended
September 30, 2018
Balance, beginning of period	$	6,763			$	417			$	1,446			$	84			$	8,710			$	3,400			$	211			$	3,611			$	475			$	12,796
Provision for loan losses	(217		)		319				114				(5		)		211				157				197				354				35				600
Charge-offs	(17		)		0				0				0				(17		)		(148		)		(198		)		(346		)		0				(363		)
Recoveries	528				3				1				0				532				130				117				247				0				779
Balance, end of period	$	7,057			$	739			$	1,561			$	79			$	9,436			$	3,539			$	327			$	3,866			$	510			$	13,812
September 30, 2017
Balance, beginning of period	$	7,530			$	580			$	1,074			$	54			$	9,238			$	2,979			$	144			$	3,123			$	414			$	12,775
Provision for loan losses	(840		)		(93		)		458				51				(424		)		429				88				517				107				200
Charge-offs	(45		)		0				(85		)		0				(130		)		(105		)		(107		)		(212		)		0				(342		)
Recoveries	30				3				6				0				39				58				41				99				0				138
Balance, end of period	$	6,675			$	490			$	1,453			$	105			$	8,723			$	3,361			$	166			$	3,527			$	521			$	12,771

Summary of Ending Loan Balances Individually Evaluated for Impairment Based on Loan Segment

The following table summarizes the ending loan balance individually evaluated for impairment based upon loan segment, as well as the related ALL loss allocation for each at September 30, 2018 and December 31, 2017:

	Commercial																				Consumer
(Dollars in thousands)	Commercial Real Estate				Acquisition and Development				Commercial and Industrial				Municipal				Total				Residential Mortgage				Installment and Other				Total				Unallocated				Total
September 30, 2018
Loans allocated by:
Individually evaluated for impairment	$	2,416			$	201			$	309			$	0			$	2,926			$	3,675			$	0			$	3,675			$	0			$	6,601
Collectively evaluated for impairment	526,081				43,751				126,702				39,429				735,963				309,594				32,783				342,377				0				1,078,340
	$	528,497			$	43,952			$	127,011			$	39,429			$	738,889			$	313,269			$	32,783			$	346,052			$	0			$	1,084,941
ALL allocated by:
Individually evaluated for impairment	$	0			$	0			$	0			$	0			$	0			$	39			$	0			$	39			$	0			$	39
Collectively evaluated for impairment	7,057				739				1,561				79				9,436				3,500				327				3,827				510				13,773
	$	7,057			$	739			$	1,561			$	79			$	9,436			$	3,539			$	327			$	3,866			$	510			$	13,812
December 31, 2017
Loans allocated by:
Individually evaluated for impairment	$	5,848			$	492			$	350			$	0			$	6,690			$	4,325			$	11			$	4,336			$	0			$	11,026
Collectively evaluated for impairment	487,068				30,489				115,313				42,065				674,935				302,160				21,891				324,051				0				998,986
	$	492,916			$	30,981			$	115,663			$	42,065			$	681,625			$	306,485			$	21,902			$	328,387			$	0			$	1,010,012
ALL allocated by:
Individually evaluated for impairment	$	0			$	0			$	0			$	0			$	0			$	42			$	9			$	51			$	0			$	51
Collectively evaluated for impairment	6,763				417				1,446				84				8,710				3,358				202				3,560				475				12,745
	$	6,763			$	417			$	1,446			$	84			$	8,710			$	3,400			$	211			$	3,611			$	475			$	12,796

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-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953682-111524

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