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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Summary of Loan Portfolio, Excluding Residential Loans Held for Sale

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

(Dollars in thousands)			2018						2017
Commercial real estate:
Owner-occupied			$	129,650					$	116,811
Non-owner occupied			252,794						244,491
Multi-family			78,933						53,634
Non-owner occupied residential			100,367						77,980
Acquisition and development:
1-4 family residential construction			7,385						11,730
Commercial and land development			42,051						19,251
Commercial and industrial			160,964						115,663
Municipal			50,982						42,065
Residential mortgage:
First lien			235,296						162,509
Home equity – term			12,208						11,784
Home equity – lines of credit			143,616						132,192
Installment and other loans			33,411						21,902
Total Loans (1)			$	1,247,657					$	1,010,012

⁽¹⁾ Includes $135,009,000 of acquired loans at December 31, 2018.

Summary of Ratings Based On Internal Risk Rating System

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

(Dollars in thousands)			Pass						Special Mention						Non-Impaired Substandard						Impaired - Substandard						Doubtful						PCI Loans						Total
December 31, 2018
Commercial real estate:
Owner-occupied			$	121,903					$	3,024					$	987					$	1,880					$	0					$	1,856					$	129,650
Non-owner occupied			242,136						10,008						0						0						0						650						252,794
Multi-family			71,482						5,886						717						131						0						717						78,933
Non-owner occupied residential			98,125						736						1,197						309						0						0						100,367
Acquisition and development:
1-4 family residential construction			7,385						0						0						0						0						0						7,385
Commercial and land development			41,251						25						583						0						0						192						42,051
Commercial and industrial			150,286						2,278						2,940						286						0						5,174						160,964
Municipal			50,982						0						0						0						0						0						50,982
Residential mortgage:
First lien			229,436						0						0						2,877						0						2,983						235,296
Home equity – term			12,170						0						0						16						0						22						12,208
Home equity – lines of credit			142,638						165						15						798						0						0						143,616
Installment and other loans			33,229						15						1						0						0						166						33,411
			$	1,201,023					$	22,137					$	6,440					$	6,297					$	0					$	11,760					$	1,247,657
December 31, 2017
Commercial real estate:
Owner-occupied			$	113,240					$	413					$	1,921					$	1,237					$	0					$	0					$	116,811
Non-owner occupied			235,919						0						4,507						4,065						0						0						244,491
Multi-family			48,603						4,113						753						165						0						0						53,634
Non-owner occupied residential			76,373						142						1,084						381						0						0						77,980
Acquisition and development:
1-4 family residential construction			11,238						0						0						492						0						0						11,730
Commercial and land development			18,635						5						611						0						0						0						19,251
Commercial and industrial			113,162						2,151						0						350						0						0						115,663
Municipal			42,065						0						0						0						0						0						42,065
Residential mortgage:
First lien			158,673						0						0						3,836						0						0						162,509
Home equity – term			11,762						0						0						22						0						0						11,784
Home equity – lines of credit			131,585						80						60						467						0						0						132,192
Installment and other loans			21,891						0						0						11						0						0						21,902
			$	983,146					$	6,904					$	8,936					$	11,026					$	0					$	0					$	1,010,012

Summary of Impaired Loans by Class

The following table, which excludes PCI loans, 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 December 31, 2018 and 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)
December 31, 2018
Commercial real estate:
Owner-occupied			$	0					$	0					$	0					$	1,880					$	2,576
Multi-family			0						0						0						131						336
Non-owner occupied residential			0						0						0						309						632
Commercial and industrial			0						0						0						286						457
Residential mortgage:
First lien			743						743						38						2,134						2,727
Home equity—term			0						0						0						16						23
Home equity—lines of credit			0						0						0						798						1,081
			$	743					$	743					$	38					$	5,554					$	7,832
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

Summary of Average Recorded Investment in Impaired Loans and Related Interest Income

The following table, which excludes PCI loans, summarizes the average recorded investment in impaired loans and related recognized interest income for the years ended December 31, 2018, 2017 and 2016.

			2018																		2017																		2016
(Dollars in thousands)			Average Impaired Balance						Interest Income Recognized						Average Impaired Balance						Interest Income Recognized						Average Impaired Balance						Interest Income Recognized
Commercial real estate:
Owner-occupied			$	1,495					$	2					$	1,000					$	6					$	1,758					$	0
Non-owner occupied			1,842						0						392						0						6,831						0
Multi-family			148						0						182						0						216						0
Non-owner occupied residential			346						0						418						0						645						0
Acquisition and development:
1-4 family residential construction			181						0						154						0						0						0
Commercial and land development			1						0						0						0						3						0
Commercial and industrial			322						0						413						0						575						0
Residential mortgage:
First lien			3,234						59						4,012						58						4,525						33
Home equity – term			19						0						61						0						98						0
Home equity – lines of credit			657						2						488						2						455						0
Installment and other loans			4						0						10						0						12						0
			$	8,249					$	63					$	7,130					$	66					$	15,118					$	33

Schedule of Impaired Loans That Are TDRs

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

			2018																		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						1,069						11						1,102
Home equity - lines of credit			1						24						1						29
			13						1,132						13						1,183
Nonaccruing:
Commercial real estate:
Owner-occupied			1						37						1						57
Residential mortgage:
First lien			8						658						8						715
Installment and other loans			0						0						1						3
			9						695						10						775
			22						$	1,827					23						$	1,958

Schedule of Number of Loans Modified

The following table presents the number of loans modified, and their pre-modification and post-modification investment balances for the years ended December 31, 2017, and 2016. There were no loans modified during 2018.

(Dollars in thousands)			Number of Contracts						Pre- Modification Investment Balance						Post- Modification Investment Balance
December 31, 2017
Commercial real estate:
Owner occupied			2						$	119					$	119
December 31, 2016
Commercial real estate:
Non-owner occupied			1						$	6,095					$	6,095
Residential mortgage:
First lien			2						265						265
Home equity - lines of credit			1						34						34
			4						$	6,394					$	6,394

Schedule of Classes of Loan Portfolio Summarized by Aging Categories

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

									Days Past Due
						Current						30-59						60-89						90+ (still accruing)						Total Past Due						Non- Accrual						Total Loans
December 31, 2018
Commercial real estate:
Owner-occupied			$	125,887					$	66					$	0					$	0					$	66					$	1,841					$	127,794
Non-owner occupied			252,144						0						0						0						0						0						252,144
Multi-family			78,085						0						0						0						0						131						78,216
Non-owner occupied residential			99,803						226						29						0						255						309						100,367
Acquisition and development:
1-4 family residential construction			7,385						0						0						0						0						0						7,385
Commercial and land development			41,822						37						0						0						37						0						41,859
Commercial and industrial			154,988						411						105						0						516						286						155,790
Municipal			50,982						0						0						0						0						0						50,982
Residential mortgage:
First lien			228,179						1,592						734						0						2,326						1,808						232,313
Home equity – term			11,487						678						5						0						683						16						12,186
Home equity – lines of credit			142,394						420						28						0						448						774						143,616
Installment and other loans			33,135						66						44						0						110						0						33,245
Subtotal			1,226,291						3,496						945						0						4,441						5,165						1,235,897
Loans acquired with credit deterioration:
Commercial real estate:
Owner-occupied			1,784						0						72						0						72						0						1,856
Non-owner occupied			650						0						0						0						0						0						650
Multi-family			717						0						0						0						0						0						717
Acquisition and development:
Commercial and land development			192						0						0						0						0						0						192
Commercial and industrial			4,943						231						0						0						231						0						5,174
Residential mortgage:
First lien			2,506						382						42						53						477						0						2,983
Home equity – term			17						5						0						0						5						0						22
Installment and other loans			149						13						0						4						17						0						166
Subtotal			10,958						631						114						57						802						0						11,760
			$	1,237,249					$	4,127					$	1,059					$	57					$	5,243					$	5,165					$	1,247,657

									Days Past Due
			Current						30-59						60-89						90+ (still accruing)						Total Past Due						Non- Accrual						Total Loans
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

Schedule of Activity in Allowance for Loan Losses

The following table presents activity in the ALL for the years ended December 31, 2018, 2017 and 2016.

			Commercial																																																						Consumer
(Dollars in thousands)			Commercial Real Estate						Acquisition and Development						Commercial and Industrial						Municipal						Total						Residential Mortgage						Installment and Other						Total						Unallocated						Total
December 31, 2018
Balance, beginning of year			$	6,763					$	417					$	1,446					$	84					$	8,710					$	3,400					$	211					$	3,611					$	475					$	12,796
Provision for loan losses			(442)						396						209						14						177						363						165						528						95						800
Charge-offs			(17)						(7)						0						0						(24)						(148)						(292)						(440)						0						(464)
Recoveries			572						11						1						0						584						138						160						298						0						882
Balance, end of year			$	6,876					$	817					$	1,656					$	98					$	9,447					$	3,753					$	244					$	3,997					$	570					$	14,014
December 31, 2017
Balance, beginning of year			$	7,530					$	580					$	1,074					$	54					$	9,238					$	2,979					$	144					$	3,123					$	414					$	12,775
Provision for loan losses			38						(167)						333						30						234						531						174						705						61						1,000
Charge-offs			(835)						0						(85)						0						(920)						(180)						(166)						(346)						0						(1,266)
Recoveries			30						4						124						0						158						70						59						129						0						287
Balance, end of year			$	6,763					$	417					$	1,446					$	84					$	8,710					$	3,400					$	211					$	3,611					$	475					$	12,796
December 31, 2016
Balance, beginning of year			$	7,883					$	850					$	1,012					$	58					$	9,803					$	2,870					$	121					$	2,991					$	774					$	13,568
Provision for loan losses			107						(270)						129						(4)						(38)						532						116						648						(360)						250
Charge-offs			(872)						0						(79)						0						(951)						(577)						(194)						(771)						0						(1,722)
Recoveries			412						0						12						0						424						154						101						255						0						679
Balance, end of year			$	7,530					$	580					$	1,074					$	54					$	9,238					$	2,979					$	144					$	3,123					$	414					$	12,775

Summary of Ending Loan Balance Individually Evaluated for Impairment

The following table summarizes the ending loan balances individually evaluated for impairment based upon loan segment, as well as the related ALL loss allocation for each at December 31, 2018 and 2017. PCI loans are excluded from loans individually evaluated for impairment.

			Commercial																																																						Consumer
(Dollars in thousands)			Commercial Real Estate						Acquisition and Development						Commercial and Industrial						Municipal						Total						Residential Mortgage						Installment and Other						Total						Unallocated						Total
December 31, 2018
Loans allocated by:
Individually evaluated for impairment			$	2,320					$	0					$	286					$	0					$	2,606					$	3,691					$	0					$	3,691					$	0					$	6,297
Collectively evaluated for impairment			559,424						49,436						160,678						50,982						820,520						387,429						33,411						420,840						0						1,241,360
			$	561,744					$	49,436					$	160,964					$	50,982					$	823,126					$	391,120					$	33,411					$	424,531					$	0					$	1,247,657
Allowance for loan losses allocated by:
Individually evaluated for impairment			$	0					$	0					$	0					$	0					$	0					$	38					$	0					$	38					$	0					$	38
Collectively evaluated for impairment			6,876						817						1,656						98						9,447						3,715						244						3,959						570						13,976
			$	6,876					$	817					$	1,656					$	98					$	9,447					$	3,753					$	244					$	3,997					$	570					$	14,014
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
Allowance for loan losses 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

Schedule of Activity for the Accretable Yield of Purchased Impaired Loans

The following table provides activity for the accretable yield of purchased impaired loans for the year ended December 31, 2018.

(Dollars in thousands)
Accretable yield, beginning of year			$	0
New loans purchased			2,243
Accretion of income			(178)
Accretable yield, end of year			$	2,065

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

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