Allowance for Credit Losses on Financing Receivables

Residential

Commercial

(Dollars in thousands)

Construction

real estate

Commercial

Consumer

Total

September 30, 2020

Loans individually evaluated for impairment

$

333

$

6,216

$

8,746

$

283

$

28

$

15,606

Loans collectively evaluated for impairment

105,707

435,924

620,895

218,313

27,520

1,408,359

Total loans

$

106,040

$

442,140

$

629,641

$

218,596

$

27,548

$

1,423,965

Allowance for credit losses allocated to:

Loans individually evaluated for impairment

$

—

$

142

$

81

$

14

$

—

$

237

Loans collectively evaluated for impairment

1,558

3,142

5,018

2,207

615

12,540

Total allowance

$

1,558

$

3,284

$

5,099

$

2,221

$

615

$

12,777


			Residential		Commercial
(Dollars in thousands)	Construction		real estate		real estate		Commercial		Consumer		Total
December 31, 2019
Loans individually evaluated for impairment	$	41	$	7,072	$	12,006	$	298	$	—	$	19,417
Loans collectively evaluated for impairment		99,788		435,434		574,556		101,722		17,737		1,229,237
Total loans	$	99,829	$	442,506	$	586,562	$	102,020	$	17,737	$	1,248,654

Allowance for credit losses allocated to:
Loans individually evaluated for impairment	$	—	$	395	$	580	$	—	$	—	$	975
Loans collectively evaluated for impairment		1,576		2,106		3,452		1,929		469		9,532
Total allowance	$	1,576	$	2,501	$	4,032	$	1,929	$	469	$	10,507

Troubled Debt Restructurings on Financing Receivables

The following tables provide a roll-forward for TDRs as of September 30, 2020 and September 30, 2019.


	1/1/2020												9/30/2020
	TDR		New		Disbursements		Charge-		Reclassifications/				TDR		Related
(Dollars in thousands)	Balance		TDRs		(Payments)		offs		Transfer In/(Out)		Payoffs		Balance		Allowance
For nine months ended
September 30, 2020
Accruing TDRs
Construction	$	41	$	—	$	(5)	$	—	$	—	$	—	$	36	$	—
Residential real estate		4,041		—		(80)		—		—		(83)		3,878		142
Commercial real estate		3,419		—		(66)		—		—		—		3,353		14
Commercial		—		—		—		—		—		—		—		—
Consumer		—		—		—		—		—		—		—		—
Total	$	7,501	$	—	$	(151)	$	—	$	—	$	(83)	$	7,267	$	156

Nonaccrual TDRs
Construction	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Residential real estate		1,393		—		(51)		—		—		(1,342)		—		—
Commercial real estate		—		1,506		(401)		—		—		—		1,105		—
Commercial		299		—		(30)		—		—		—		269		—
Consumer		—		—		—		—		—		—		—		—
Total	$	1,692	$	1,506	$	(482)	$	—	$	—	$	(1,342)	$	1,374	$	—

Total	$	9,193	$	1,506	$	(633)	$	—	$	—	$	(1,425)	$	8,641	$	156


	1/1/2019												9/30/2019
	TDR		New		Disbursements		Charge-		Reclassifications/				TDR		Related
(Dollars in thousands)	Balance		TDRs		(Payments)		offs		Transfer In/(Out)		Payoffs		Balance		Allowance
For nine months ended
September 30, 2019
Accruing TDRs
Construction	$	51	$	—	$	(8)	$	—	$	—	$	—	$	43	$	—
Residential real estate		4,454		41		(73)		—		—		(353)		4,069		185
Commercial real estate		4,158		—		(682)		—		—		—		3,476		22
Commercial		—		—		—		—		—		—		—		—
Consumer		—		—		—		—		—		—		—		—
Total	$	8,663	$	41	$	(763)	$	—	$	—	$	(353)	$	7,588	$	207

Nonaccrual TDRs
Construction	$	2,798	$	—	$	(1,379)	$	(3)	$	—	$	—	$	1,416	$	133
Residential real estate		—		—		—		—		—		—		—		—
Commercial real estate		—		—		—		—		—		—		—		—
Commercial		320		—		(12)		—		—		—		308		4
Consumer		—		—		—		—		—		—		—		—
Total	$	3,118	$	—	$	(1,391)	$	(3)	$	—	$	—	$	1,724	$	137

Total	$	11,781	$	41	$	(2,154)	$	(3)	$	—	$	(353)	$	9,312	$	344

There were no loans modified and considered TDRs during the three months ended September 30, 2020 and 2019. The following tables provide information on loans that were modified and considered TDRs during the nine months ended September 30, 2020 and September 30, 2019.


		Premodification		Postmodification
		outstanding		outstanding
	Number of	recorded		recorded		Related
(Dollars in thousands)	contracts	investment		investment		allowance
TDRs:
For nine months ended
September 30, 2020
Construction	—	$	—	$	—	$	—
Residential real estate	—		—		—		—
Commercial real estate	1		1,535		1,162		—
Commercial	—		—		—		—
Consumer	—		—		—		—
Total	1	$	1,535	$	1,162	$	—

For nine months ended
September 30, 2019
Construction	—	$	—	$	—	$	—
Residential real estate	1		75		41		—
Commercial real estate	—		—		—		—
Commercial	—		—		—		—
Consumer	—		—		—		—
Total	1	$	75	$	41	$	—

Past Due Financing Receivables

Accruing

30‑59 days

60‑89 days

Greater than

Total

(Dollars in thousands)

Current

past due

90 days

past due

Nonaccrual

Total

September 30, 2020

Construction

$

105,743

$

—

$

—

$

—

$

—

$

297

$

106,040

Residential real estate

438,917

240

645

307

1,192

2,031

442,140

Commercial real estate

623,256

992

—

1,066

2,058

4,327

629,641

Commercial

218,297

16

—

16

283

218,596

Consumer

27,519

—

1

—

1

28

27,548

Total

$

1,413,732

$

1,248

$

646

$

1,373

$

3,267

$

6,966

$

1,423,965

Percent of total loans

99.3

%

0.1

%

—

%

0.1

%

0.2

%

0.5

%

100.0

%


	Accruing
				30‑59 days			60‑89 days			Greater than			Total
(Dollars in thousands)	Current			past due			past due			90 days			past due			Nonaccrual			Total
December 31, 2019
Construction	$	99,234		$	595		$	—		$	—		$	595		$	—		$	99,829
Residential real estate		435,671			3,021			783			556			4,360			2,475			442,506
Commercial real estate		577,015			743			217			770			1,730			7,817			586,562
Commercial		101,476			246			—			—			246			298			102,020
Consumer		17,680			57			—			—			57			—			17,737
Total	$	1,231,076		$	4,662		$	1,000		$	1,326		$	6,988		$	10,590		$	1,248,654
Percent of total loans		98.6	%		0.4	%		0.1	%		0.1	%		0.6	%		0.8	%		100.0	%