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LOANS AND ALLOWANCE FOR LOAN LOSSES | 9 Months Ended
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Sep. 30, 2018
Receivables [Abstract] |
LOANS AND ALLOWANCE FOR LOAN LOSSES | LOANS AND ALLOWANCE FOR LOAN LOSSES The following table summarizes the Company’s loan portfolio by type of loan as of:
| September 30, 2018 |  | December 31, 2017
Commercial and industrial | $ | 248,758 |  |  | $ | 197,508 |
Real estate: |  |  |
Construction and development | 229,307 |  |  | 196,774 |
Commercial real estate | 599,153 |  |  | 418,137 |
Farmland | 65,209 |  |  | 59,023 |
1-4 family residential | 392,456 |  |  | 374,371 |
Multi-family residential | 38,523 |  |  | 36,574 |
Consumer | 53,947 |  |  | 51,267 |
Agricultural | 24,184 |  |  | 25,596 |
Overdrafts | 326 |  |  | 294 |
Total loans | 1,651,863 |  |  | 1,359,544 |
Net of: |  |  |
Deferred loan fees | 727 |  |  | 1,094 |
Allowance for loan losses | (14,441 | ) |  | (12,859 | )
Total net loans | $ | 1,638,149 |  |  | $ | 1,347,779 |
The following tables present the activity in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method for the nine months ended September 30, 2018, for the year ended December 31, 2017 and for the nine months ended September 30, 2017:
For the Nine Months Ended September 30, 2018 | Commercial and industrial |  | Construction and development |  | Commercial real estate |  | Farmland |  | 1-4 family residential |  | Multi-family residential |  | Consumer |  | Agricultural |  | Overdrafts |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 1,581 |  |  | $ | 1,724 |  |  | $ | 4,585 |  |  | $ | 523 |  |  | $ | 3,022 |  |  | $ | 629 |  |  | $ | 602 |  |  | $ | 187 |  |  | $ | 6 |  |  | $ | 12,859 |
Provision for loan losses | 138 |  |  | 119 |  |  | 1,329 |  |  | 100 |  |  | (161 | ) |  | 41 |  |  | 101 |  |  | (3 | ) |  | 86 |  |  | 1,750 |
Loans charged-off | (66 | ) |  | — |  |  | (32 | ) |  | — |  |  | (19 | ) |  | — |  |  | (175 | ) |  | (2 | ) |  | (117 | ) |  | (411 | )
Recoveries | 54 |  |  | — |  |  | — |  |  | — |  |  | 49 |  |  | — |  |  | 41 |  |  | 65 |  |  | 34 |  |  | 243 |
Ending balance | $ | 1,707 |  |  | $ | 1,843 |  |  | $ | 5,882 |  |  | $ | 623 |  |  | $ | 2,891 |  |  | $ | 670 |  |  | $ | 569 |  |  | $ | 247 |  |  | $ | 9 |  |  | $ | 14,441 |
Allowance ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 315 |  |  | $ | — |  |  | $ | 61 |  |  | $ | 74 |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 454 |
Collectively evaluated for impairment | 1,392 |  |  | 1,843 |  |  | 5,821 |  |  | 549 |  |  | 2,887 |  |  | 670 |  |  | 569 |  |  | 247 |  |  | 9 |  |  | 13,987 |
Ending balance | $ | 1,707 |  |  | $ | 1,843 |  |  | $ | 5,882 |  |  | $ | 623 |  |  | $ | 2,891 |  |  | $ | 670 |  |  | $ | 569 |  |  | $ | 247 |  |  | $ | 9 |  |  | $ | 14,441 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 1,584 |  |  | $ | 1,684 |  |  | $ | 6,360 |  |  | $ | 218 |  |  | $ | 1,571 |  |  | $ | — |  |  | $ | — |  |  | $ | 409 |  |  | $ | — |  |  | $ | 11,826 |
Collectively evaluated for impairment | 247,174 |  |  | 227,623 |  |  | 592,793 |  |  | 64,991 |  |  | 390,885 |  |  | 38,523 |  |  | 53,947 |  |  | 23,775 |  |  | 326 |  |  | 1,640,037 |
Ending balance | $ | 248,758 |  |  | $ | 229,307 |  |  | $ | 599,153 |  |  | $ | 65,209 |  |  | $ | 392,456 |  |  | $ | 38,523 |  |  | $ | 53,947 |  |  | $ | 24,184 |  |  | $ | 326 |  |  | $ | 1,651,863 |
For the year ended December 31, 2017 | Commercial and industrial |  | Construction and development |  | Commercial real estate |  | Farmland |  | 1-4 family residential |  | Multi-family residential |  | Consumer |  | Agricultural |  | Overdrafts |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 1,592 |  |  | $ | 1,161 |  |  | $ | 3,264 |  |  | $ | 482 |  |  | $ | 3,960 |  |  | $ | 281 |  |  | $ | 585 |  |  | $ | 153 |  |  | $ | 6 |  |  | $ | 11,484 |
Provision for loan losses | 272 |  |  | 563 |  |  | 1,405 |  |  | 41 |  |  | (418 | ) |  | 348 |  |  | 253 |  |  | 276 |  |  | 110 |  |  | 2,850 |
Loans charged-off | (1,080 | ) |  | — |  |  | (84 | ) |  | — |  |  | (543 | ) |  | — |  |  | (344 | ) |  | (242 | ) |  | (165 | ) |  | (2,458 | )
Recoveries | 797 |  |  | — |  |  | — |  |  | — |  |  | 23 |  |  | — |  |  | 108 |  |  | — |  |  | 55 |  |  | 983 |
Ending balance | $ | 1,581 |  |  | $ | 1,724 |  |  | $ | 4,585 |  |  | $ | 523 |  |  | $ | 3,022 |  |  | $ | 629 |  |  | $ | 602 |  |  | $ | 187 |  |  | $ | 6 |  |  | $ | 12,859 |
Allowance ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 17 |  |  | $ | — |  |  | $ | 27 |  |  | $ | 85 |  |  | $ | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 134 |
Collectively evaluated for impairment | 1,564 |  |  | 1,724 |  |  | 4,558 |  |  | 438 |  |  | 3,017 |  |  | 629 |  |  | 602 |  |  | 187 |  |  | 6 |  |  | 12,725 |
Ending balance | $ | 1,581 |  |  | $ | 1,724 |  |  | $ | 4,585 |  |  | $ | 523 |  |  | $ | 3,022 |  |  | $ | 629 |  |  | $ | 602 |  |  | $ | 187 |  |  | $ | 6 |  |  | $ | 12,859 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 463 |  |  | $ | — |  |  | $ | 4,258 |  |  | $ | 163 |  |  | $ | 842 |  |  | $ | 217 |  |  | $ | — |  |  | $ | 397 |  |  | $ | — |  |  | $ | 6,340 |
Collectively evaluated for impairment | 197,045 |  |  | 196,774 |  |  | 413,879 |  |  | 58,860 |  |  | 373,529 |  |  | 36,357 |  |  | 51,267 |  |  | 25,199 |  |  | 294 |  |  | 1,353,204 |
Ending balance | $ | 197,508 |  |  | $ | 196,774 |  |  | $ | 418,137 |  |  | $ | 59,023 |  |  | $ | 374,371 |  |  | $ | 36,574 |  |  | $ | 51,267 |  |  | $ | 25,596 |  |  | $ | 294 |  |  | $ | 1,359,544 |
For the Nine Months Ended September 30, 2017 | Commercial and industrial |  | Construction and development |  | Commercial real estate |  | Farmland |  | 1-4 family residential |  | Multi-family residential |  | Consumer |  | Agricultural |  | Overdrafts |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 1,592 |  |  | $ | 1,161 |  |  | $ | 3,264 |  |  | $ | 482 |  |  | $ | 3,960 |  |  | $ | 281 |  |  | $ | 585 |  |  | $ | 153 |  |  | $ | 6 |  |  | $ | 11,484 |
Provision for loan losses | 602 |  |  | 762 |  |  | 1,019 |  |  | (24 | ) |  | (585 | ) |  | (15 | ) |  | 149 |  |  | 258 |  |  | 84 |  |  | 2,250 |
Loans charged-off | (737 | ) |  | — |  |  | (84 | ) |  | — |  |  | (307 | ) |  | — |  |  | (230 | ) |  | (4 | ) |  | (117 | ) |  | (1,479 | )
Recoveries | 116 |  |  | — |  |  | — |  |  | — |  |  | 21 |  |  | — |  |  | 95 |  |  | — |  |  | 41 |  |  | 273 |
Ending balance | $ | 1,573 |  |  | $ | 1,923 |  |  | $ | 4,199 |  |  | $ | 458 |  |  | $ | 3,089 |  |  | $ | 266 |  |  | $ | 599 |  |  | $ | 407 |  |  | $ | 14 |  |  | $ | 12,528 |
Allowance ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 19 |  |  | $ | — |  |  | $ | 31 |  |  | $ | 85 |  |  | $ | 145 |  |  | $ | — |  |  | $ | — |  |  | $ | 240 |  |  | $ | — |  |  | $ | 520 |
Collectively evaluated for impairment | 1,554 |  |  | 1,923 |  |  | 4,168 |  |  | 373 |  |  | 2,944 |  |  | 266 |  |  | 599 |  |  | 167 |  |  | 14 |  |  | 12,008 |
Ending balance | $ | 1,573 |  |  | $ | 1,923 |  |  | $ | 4,199 |  |  | $ | 458 |  |  | $ | 3,089 |  |  | $ | 266 |  |  | $ | 599 |  |  | $ | 407 |  |  | $ | 14 |  |  | $ | 12,528 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 354 |  |  | $ | — |  |  | $ | 4,029 |  |  | $ | 276 |  |  | $ | 1,097 |  |  | $ | 228 |  |  | $ | — |  |  | $ | 696 |  |  | $ | — |  |  | $ | 6,680 |
Collectively evaluated for impairment | 192,309 |  |  | 201,067 |  |  | 389,285 |  |  | 54,073 |  |  | 364,792 |  |  | 23,007 |  |  | 51,711 |  |  | 23,753 |  |  | 698 |  |  | 1,300,695 |
Ending balance | $ | 192,663 |  |  | $ | 201,067 |  |  | $ | 393,314 |  |  | $ | 54,349 |  |  | $ | 365,889 |  |  | $ | 23,235 |  |  | $ | 51,711 |  |  | $ | 24,449 |  |  | $ | 698 |  |  | $ | 1,307,375 |
Credit Quality The Company closely monitors economic conditions and loan performance trends to manage and evaluate the exposure to credit risk. Key factors tracked by the Company and utilized in evaluating the credit quality of the loan portfolio include trends in delinquency ratios, the level of nonperforming assets, borrower’s repayment capacity, and collateral coverage. Assets are graded “pass” when the relationship exhibits acceptable credit risk and indicates repayment ability, tolerable collateral coverage and reasonable performance history. Lending relationships exhibiting potentially significant credit risk and marginal repayment ability and/or asset protection are graded “special mention.” Assets 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 must have a well-defined weakness that jeopardizes the liquidation of the debt. Substandard graded loans are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Assets graded “doubtful” are substandard graded loans that have added characteristics that make collection or liquidation in full improbable. The Company typically measures impairment based on the present value of expected future cash flows, discounted at the loan's effective interest rate, or based on the loan's observable market price or the fair value of the collateral if the loan is collateral-dependent. The following tables summarize the credit exposure in the Company’s consumer and commercial loan portfolios as of:
September 30, 2018 | Commercial and industrial |  | Construction and development |  | Commercial real estate |  | Farmland |  | 1-4 family residential |  | Multi-family residential |  | Consumer and Overdrafts |  | Agricultural |  | Total
Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 246,621 |  |  | $ | 227,862 |  |  | $ | 587,603 |  |  | $ | 64,797 |  |  | $ | 391,556 |  |  | $ | 37,284 |  |  | $ | 54,183 |  |  | $ | 23,605 |  |  | $ | 1,633,511 |
Special mention | 807 |  |  | — |  |  | 5,165 |  |  | 50 |  |  | 293 |  |  | 1,239 |  |  | 45 |  |  | 130 |  |  | 7,729 |
Substandard | 1,330 |  |  | 1,445 |  |  | 6,385 |  |  | 362 |  |  | 607 |  |  | — |  |  | 45 |  |  | 449 |  |  | 10,623 |
Total | $ | 248,758 |  |  | $ | 229,307 |  |  | $ | 599,153 |  |  | $ | 65,209 |  |  | $ | 392,456 |  |  | $ | 38,523 |  |  | $ | 54,273 |  |  | $ | 24,184 |  |  | $ | 1,651,863 |
December 31, 2017 | Commercial and industrial |  | Construction and development |  | Commercial real estate |  | Farmland |  | 1-4 family residential |  | Multi-family residential |  | Consumer and Overdrafts |  | Agricultural |  | Total
Grade: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 196,890 |  |  | $ | 196,515 |  |  | $ | 412,488 |  |  | $ | 58,623 |  |  | $ | 373,154 |  |  | $ | 16,073 |  |  | $ | 51,409 |  |  | $ | 24,650 |  |  | $ | 1,329,802 |
Special mention | 348 |  |  | 259 |  |  | 1,135 |  |  | 226 |  |  | 442 |  |  | 20,284 |  |  | 65 |  |  | 454 |  |  | 23,213 |
Substandard | 270 |  |  | — |  |  | 4,514 |  |  | 174 |  |  | 775 |  |  | 217 |  |  | 87 |  |  | 492 |  |  | 6,529 |
Total | $ | 197,508 |  |  | $ | 196,774 |  |  | $ | 418,137 |  |  | $ | 59,023 |  |  | $ | 374,371 |  |  | $ | 36,574 |  |  | $ | 51,561 |  |  | $ | 25,596 |  |  | $ | 1,359,544 |
The following tables summarize the payment status of loans in the Company’s total loan portfolio, including an aging of delinquent loans, loans 90 days or more past due continuing to accrue interest and loans classified as nonperforming as of:
September 30, 2018 | 30 to 59 Days Past Due |  | 60 to 89 Days Past Due |  | 90 Days and Greater Past Due |  | Total Past Due |  | Current |  | Total Loans |  | Recorded Investment > 90 Days and Accruing
Commercial and industrial | $ | 450 |  |  | $ | 516 |  |  | $ | 489 |  |  | $ | 1,455 |  |  | $ | 247,303 |  |  | $ | 248,758 |  |  | $ | — |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and development | 94 |  |  | 56 |  |  | 501 |  |  | 651 |  |  | 228,656 |  |  | 229,307 |  |  | — |
Commercial real estate | 1,590 |  |  | 3,311 |  |  | 85 |  |  | 4,986 |  |  | 594,167 |  |  | 599,153 |  |  | — |
Farmland | 348 |  |  | 78 |  |  | 45 |  |  | 471 |  |  | 64,738 |  |  | 65,209 |  |  | — |
1-4 family residential | 3,640 |  |  | 324 |  |  | 606 |  |  | 4,570 |  |  | 387,886 |  |  | 392,456 |  |  | — |
Multi-family residential | — |  |  | — |  |  | — |  |  | — |  |  | 38,523 |  |  | 38,523 |  |  | — |
Consumer | 418 |  |  | 47 |  |  | 45 |  |  | 510 |  |  | 53,437 |  |  | 53,947 |  |  | — |
Agricultural | — |  |  | — |  |  | — |  |  | — |  |  | 24,184 |  |  | 24,184 |  |  | — |
Overdrafts | — |  |  | — |  |  | — |  |  | — |  |  | 326 |  |  | 326 |  |  | — |
Total | $ | 6,540 |  |  | $ | 4,332 |  |  | $ | 1,771 |  |  | $ | 12,643 |  |  | $ | 1,639,220 |  |  | $ | 1,651,863 |  |  | $ | — |
December 31, 2017 | 30 to 59 Days Past Due |  | 60 to 89 Days Past Due |  | 90 Days and Greater Past Due |  | Total Past Due |  | Current |  | Total Loans |  | Recorded Investment > 90 Days and Accruing
Commercial and industrial | $ | 1,273 |  |  | $ | 93 |  |  | $ | 17 |  |  | $ | 1,383 |  |  | $ | 196,125 |  |  | $ | 197,508 |  |  | $ | — |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and development | 117 |  |  | — |  |  | — |  |  | 117 |  |  | 196,657 |  |  | 196,774 |  |  | — |
Commercial real estate | 192 |  |  | 265 |  |  | 1,067 |  |  | 1,524 |  |  | 416,613 |  |  | 418,137 |  |  | — |
Farmland | 139 |  |  | — |  |  | 6 |  |  | 145 |  |  | 58,878 |  |  | 59,023 |  |  | — |
1-4 family residential | 3,998 |  |  | 416 |  |  | 800 |  |  | 5,214 |  |  | 369,157 |  |  | 374,371 |  |  | — |
Multi-family residential | — |  |  | — |  |  | 217 |  |  | 217 |  |  | 36,357 |  |  | 36,574 |  |  | — |
Consumer | 381 |  |  | 69 |  |  | 87 |  |  | 537 |  |  | 50,730 |  |  | 51,267 |  |  | — |
Agricultural | 204 |  |  | 2 |  |  | — |  |  | 206 |  |  | 25,390 |  |  | 25,596 |  |  | — |
Overdrafts | — |  |  | — |  |  | — |  |  | — |  |  | 294 |  |  | 294 |  |  | — |
Total | $ | 6,304 |  |  | $ | 845 |  |  | $ | 2,194 |  |  | $ | 9,343 |  |  | $ | 1,350,201 |  |  | $ | 1,359,544 |  |  | $ | — |
The following table presents information regarding nonaccrual loans as of:
| September 30, 2018 |  | December 31, 2017
Commercial and industrial | $ | 565 |  |  | $ | 77 |
Real estate: |  |  |
Commercial real estate | 3,908 |  |  | 1,422 |
Farmland | 190 |  |  | 163 |
1-4 family residential | 2,867 |  |  | 1,937 |
Multi-family residential | — |  |  | 217 |
Consumer | 96 |  |  | 138 |
Agricultural | — |  |  | 50 |
Total | $ | 8,657 |  |  | $ | 4,004 |
Impaired Loans and Troubled Debt Restructurings A troubled debt restructuring (“TDR”) is a restructuring in which a bank, for economic or legal reasons related to a borrower's financial difficulties, grants a concession to the borrower that it would not otherwise consider. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due from the borrower in accordance with original contractual terms of the loan. Loans with insignificant delays or insignificant short falls in the amount of payments expected to be collected are not considered to be impaired. Loans defined as individually impaired, based on applicable accounting guidance, include larger balance nonperforming loans and TDRs. The outstanding balances of TDRs are shown below:
| September 30, 2018 |  | December 31, 2017
Nonaccrual TDRs | $ | — |  |  | $ | — |
Performing TDRs | 727 |  |  | 657 |
Total | $ | 727 |  |  | $ | 657 |
Specific reserves on TDRs | $ | 11 |  |  | $ | 17 |
The following tables present loans by class modified as TDRs that occurred during the nine months ended September 30, 2018, the twelve months ended December 31, 2017 and the nine months ended September 30, 2017:
Nine Months Ended September 30, 2018 | Number of Contracts |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings: |  |  |  |  |
1-4 family residential | 1 |  | $ | 15 |  |  | $ | 15 |
Farmland | 1 |  | 78 |  |  | 78 |
Total | 2 |  | $ | 93 |  |  | $ | 93 |
There were no TDRs that have subsequently defaulted through September 30, 2018. The TDRs described above did not increase the allowance for loan losses and resulted in no charge-offs during the nine months ended September 30, 2018.
Year Ended December 31, 2017 | Number of Contracts |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings: |  |  |  |  |
Commercial and industrial | 2 |  |  | $ | 381 |  |  | $ | 364 |
1-4 family residential | 1 |  | 11 |  |  | 11 |
Total | 3 |  |  | $ | 392 |  |  | $ | 375 |
There were no TDRs that have subsequently defaulted through December 31, 2017. The TDRs described above did not increase the allowance for loan losses and resulted in no charge-offs during the year ended December 31, 2017.
Nine Months Ended September 30, 2017 | Number of Contracts |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings: |  |  |  |  |
Commercial and industrial | 1 |  |  | $ | 34 |  |  | $ | 15 |
1-4 family residential | 1 |  | 11 |  |  | 11 |
Total | 2 |  | $ | 45 |  |  | $ | 26 |
There were no TDRs that subsequently defaulted through September 30, 2017. The TDRs described above increase the allowance for loan losses and resulted in no charge-offs during the nine months ended September 30, 2017. The following table presents information about the Company’s impaired loans as of:
September 30, 2018 | Unpaid Principal Balance |  | Recorded Investment |  | Related Allowance |  | Average Recorded Investment
With no related allowance recorded: |  |  |  |  |  |  |
Commercial and industrial | $ | 786 |  |  | $ | 786 |  |  | $ | — |  |  | $ | 889 |
Real estate: |  |  |  |  |  |  |
Construction and development | 1,684 |  |  | 1,684 |  |  | — |  |  | 334 |
Commercial real estate | 5,399 |  |  | 5,399 |  |  | — |  |  | 4,863 |
Farmland | 73 |  |  | 73 |  |  | — |  |  | 67 |
1-4 family residential | 1,466 |  |  | 1,466 |  |  | — |  |  | 1,077 |
Multi-family residential | — |  |  | — |  |  | — |  |  | 71 |
Agricultural | 409 |  |  | 409 |  |  | — |  |  | 472 |
Subtotal | 9,817 |  |  | 9,817 |  |  | — |  |  | 7,773 |
With allowance recorded: |  |  |  |  |  |  |
Commercial and industrial | 798 |  |  | 798 |  |  | 315 |  |  | 252 |
Real estate: |  |  |  |  |  |  |
Commercial real estate | 961 |  |  | 961 |  |  | 61 |  |  | 470 |
Farmland | 145 |  |  | 145 |  |  | 74 |  |  | 149 |
1-4 family residential | 105 |  |  | 105 |  |  | 4 |  |  | 129 |
Agricultural | — |  |  | — |  |  | — |  |  | 70 |
Subtotal | 2,009 |  |  | 2,009 |  |  | 454 |  |  | 1,070 |
Total | $ | 11,826 |  |  | $ | 11,826 |  |  | $ | 454 |  |  | $ | 8,843 |
The following table presents information about the Company’s impaired loans as of:
December 31, 2017 | Unpaid Principal Balance |  | Recorded Investment |  | Related Allowance |  | Average Recorded Investment
With no related allowance recorded: |  |  |  |  |  |  |
Commercial and industrial | $ | 437 |  |  | $ | 437 |  |  | $ | — |  |  | $ | 434 |
Real estate: |  |  |  |  |  |  |
Construction and development | — |  |  | — |  |  | — |  |  | 311 |
Commercial real estate | 3,979 |  |  | 3,979 |  |  | — |  |  | 4,230 |
Farmland | 6 |  |  | 6 |  |  | — |  |  | 90 |
1-4 family residential | 681 |  |  | 681 |  |  | — |  |  | 1,096 |
Multi-family residential | 217 |  |  | 217 |  |  | — |  |  | 180 |
Consumer | — |  |  | — |  |  | — |  |  | 61 |
Agricultural | 397 |  |  | 397 |  |  | — |  |  | 384 |
Subtotal | 5,717 |  |  | 5,717 |  |  | — |  |  | 6,786 |
With allowance recorded: |  |  |  |  |  |  |
Commercial and industrial | 26 |  |  | 26 |  |  | 17 |  |  | 315 |
Real estate: |  |  |  |  |  |  |
Construction and development | — |  |  | — |  |  | — |  |  | 7 |
Commercial real estate | 279 |  |  | 279 |  |  | 27 |  |  | 505 |
Farmland | 157 |  |  | 157 |  |  | 85 |  |  | 131 |
1-4 family residential | 161 |  |  | 161 |  |  | 5 |  |  | 754 |
Multi-family residential | — |  |  | — |  |  | — |  |  | 19 |
Consumer | — |  |  | — |  |  | — |  |  | 42 |
Agricultural | — |  |  | — |  |  | — |  |  | 180 |
Subtotal | 623 |  |  | 623 |  |  | 134 |  |  | 1,953 |
Total | $ | 6,340 |  |  | $ | 6,340 |  |  | $ | 134 |  |  | $ | 8,739 |
During the nine months ended September 30, 2018 and 2017, total interest income and cash-based interest income recognized on impaired loans was minimal.

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