XML 34 R23.htm IDEA: XBRL DOCUMENT v3.4.0.3
Loans by Type (Tables)
 3 Months Ended
Mar. 31, 2016
Receivables [Abstract]  
Summary of Loan Categories

A summary of loan categories is as follows:

March 31, December 31,
(In thousands)       2016       2015
Commercial and industrial $      209,663 $      193,430
Real estate
       Commercial:
                     Mortgage 106,656 108,836
                     Construction 9,857 1,182
       Church, church-related:  
                     Mortgage 306,155 306,728
                     Construction 33,259 28,957
Industrial Revenue Bonds 19,018 19,831
Other 9 91
              Total loans $ 684,617 $ 659,055
Schedule of the Aging Loans by Loan Categories

The following table presents the aging of loans by loan categories at March 31, 2016 and December 31, 2015:

Performing Nonperforming
90 Days
30-59 60-89 and Non- Total
(In thousands)       Current       Days       Days       Over       accrual       Loans
March 31, 2016
Commercial and industrial $      209,663 $      — $      — $      — $      — $      209,663
Real estate
       Commercial:
              Mortgage 106,366 — — — 290 106,656
              Construction 9,857 — — — — 9,857
       Church, church-related:    
              Mortgage 306,061 — — — 94 306,155
              Construction 33,259 — — — — 33,259
Industrial Revenue Bonds 19,018 — — — — 19,018
Other 9 — — — — 9
Total $ 684,233 $ — $ — $ — $ 384 $ 684,617
December 31, 2015
Commercial and industrial $ 193,430 $ — $ — $ — $ — $ 193,430
Real estate
       Commercial:
              Mortgage 105,804 — — — 3,032 108,836
              Construction 1,182 — — — — 1,182
       Church, church-related:
              Mortgage 306,625 — — — 103 306,728
              Construction 28,957 — — — — 28,957
Industrial Revenue Bonds 19,831 — — — — 19,831
Other 91 — — — — 91
Total $ 655,920 $ — $ — $ — $ 3,135 $ 659,055
Schedule of Credit Exposure of the Loan Portfolio

The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of March 31, 2016 and December 31, 2015:

Loans Performing Nonperforming
Subject to Loans Subject to Loans Subject
Normal Special to Special
(In thousands)       Monitoring1       Monitoring2       Monitoring2       Total Loans
March 31, 2016
Commercial and industrial $      206,999 $      2,664 $      — $      209,663
Real estate  
       Commercial:  
              Mortgage 105,233 1,133 290 106,656
              Construction 9,857 — — 9,857
       Church, church-related:
              Mortgage 298,242 7,819 94 306,155
              Construction 33,259 — — 33,259
Industrial Revenue Bonds 19,018 — — 19,018
Other 9 — — 9
Total $ 672,617 $ 11,616 $ 384 $ 684,617
December 31, 2015
Commercial and industrial $ 190,303 $ 3,127 $ — $ 193,430
Real estate
       Commercial:
              Mortgage 104,642 1,162 3,032 108,836
              Construction 1,182 — — 1,182
       Church, church-related:
              Mortgage 299,135 7,490 103 306,728
              Construction 28,957 — — 28,957
Industrial Revenue Bonds 19,831 — — 19,831
Other 91 — — 91
Total $ 644,141 $ 11,779 $ 3,135 $ 659,055
1 

Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligations.

2

Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.
Schedule of Recorded Investment and Unpaid Principal Balance for Impaired Loans

The following table presents the recorded investment and unpaid principal balance for impaired loans at March 31, 2016 and December 31, 2015:

Unpaid Related
Recorded Principal Allowance for
(In thousands)       Investment       Balance       Loan Losses
March 31, 2016
Commercial and industrial:
              Nonaccrual $      — $      — $      —
Real estate
       Commercial – Mortgage:
              Nonaccrual 290 290 —
       Church – Mortgage:
              Nonaccrual 94 94 94
Total impaired loans $ 384 $ 384 $ 94
December 31, 2015
Commercial and industrial:
              Nonaccrual $ — $ — $ —
Real estate  
       Commercial – Mortgage:
              Nonaccrual 3,032 3,032 1,039
       Church – Mortgage:
              Nonaccrual 103 103 103
Total impaired loans $ 3,135 $ 3,135 $ 1,142
Summary of the Allowance for Loan Losses

A summary of the activity in the allowance for loan losses from December 31, 2015 to March 31, 2016 is as follows:

December 31, Charge- March 31,
(In thousands) 2015 Offs Recoveries Provision 2016
Commercial and industrial       $ 3,083       $ —       $ 2       $ 356       $ 3,441
Real estate
       Commercial:
              Mortgage 2,803 — — (1,072 ) 1,731
              Construction 9 — — 65 74
       Church, church-related:
              Mortgage 4,082 — — (16 ) 4,066
              Construction 217 — — 33 250
Industrial Revenue Bond 320 — — (13 ) 307
Other 1,121 — — (353 ) 768
Total $     11,635 $     — $     2 $      (1,000 ) $     10,637