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Loans by Type
 6 Months Ended
Jun. 30, 2018
Receivables [Abstract]  
Loans by Type

Note 6 – Loans by Type

A summary of loan categories is as follows:

June 30, December 31,
(In thousands)       2018       2017
Commercial and industrial $      257,236 $ 236,394
Real estate
Commercial:
Mortgage 88,887 94,675
Construction 21,347 9,359
Church, church-related:
Mortgage 310,402 316,073
Construction 35,212 25,948
Industrial revenue bonds 1,739 3,374
Other 38 408
Total loans $ 714,861 $ 686,231

The following table presents the aging of loans by loan categories at June 30, 2018 and December 31, 2017:

Performing Nonperforming
90 Days
30-59 60-89 and Non- Total
(In thousands)       Current       Days       Days       Over       accrual       Loans
June 30, 2018
Commercial and industrial $      257,236 $      — $      — $      — $      — $      257,236
Real estate
Commercial:
Mortgage 88,887 — — — — 88,887
Construction 21,347 — — — — 21,347
Church, church-related:
Mortgage 310,402 — — — — 310,402
Construction 35,212 — — — — 35,212
Industrial revenue bonds 1,739 — — — — 1,739
Other 38 — — — — 38
Total $ 714,861 $ — $ — $ — $ — $ 714,861
December 31, 2017
Commercial and industrial $ 236,394 $ — $ — $ — $ — $ 236,394
Real estate
Commercial:
Mortgage 94,675 — — — — 94,675
Construction 9,359 — — — — 9,359
Church, church-related:
Mortgage 316,073 — — — — 316,073
Construction 25,948 — — — — 25,948
Industrial revenue bonds 3,374 — — — — 3,374
Other 408 — — — — 408
Total $ 686,231 $ — $ — $ — $ — $ 686,231

The following table presents the credit exposure of the loan portfolio by internal credit grade as of June 30, 2018 and December 31, 2017:

Loans Performing Nonperforming
Subject to Loans Subject to Loans Subject
Normal Special to Special
(In thousands)       Monitoring1       Monitoring2       Monitoring2       Total Loans
June 30, 2018
Commercial and industrial $ 256,231 $ 1,005 $ — $ 257,236
Real estate
Commercial:
Mortgage 88,715 172 — 88,887
Construction 21,347 — — 21,347
Church, church-related:
Mortgage 310,315 87 — 310,402
Construction 35,212 — — 35,212
Industrial revenue bonds 1,739 — — 1,739
Other 38 — — 38
Total $ 713,597 $ 1,264 $ — $ 714,861
December 31, 2017
Commercial and industrial $ 234,271 $ 2,123 $ — $ 236,394
Real estate
Commercial:
Mortgage 93,788 887 — 94,675
Construction 9,359 — — 9,359
Church, church-related:
Mortgage 316,042 31 — 316,073
Construction 25,948 — — 25,948
Industrial revenue bonds 3,374 — — 3,374
Other 408 — — 408
Total $ 683,190 $ 3,041 $ — $ 686,231
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.

Impaired loans consist primarily of nonaccrual loans, loans greater than 90 days past due and still accruing interest and troubled debt restructurings, both performing and nonperforming. Troubled debt restructuring involves the granting of a concession to a borrower experiencing financial difficulty resulting in the modification of terms of the loan, such as changes in payment schedule or interest rate. Management measures impairment in accordance with FASB ASC 310, “Allowance for Credit Losses.” There were no impaired loans, loans delinquent 90 days or more and still accruing, or loans classified as troubled debt restructuring at June 30, 2018 and December 31, 2017.

There were no foreclosed loans recorded as other real estate owned as of June 30, 2018 and December 31, 2017.

A summary of the activity in the allowance for loan losses from December 31, 2017 to June 30, 2018 is as follows:

December 31, Charge- June 30,
(In thousands)       2017       Offs       Recoveries       Provision       2018
Commercial and industrial $ 3,652 $ — $ 10 $ 311 $ 3,973
Real estate
Commercial:
Mortgage 1,394 — — (80) 1,314
Construction 70 — — 90 160
Church, church-related:
Mortgage 3,962 — — (71) 3,891
Construction 196 — — 68 264
Industrial revenue bonds 52 — — (25) 27
Other 879 — — (293) 586
Total $ 10,205 $ — $ 10 $ — $ 10,215

A summary of the activity in the allowance for loan losses from December 31, 2016 to June 30, 2017 is as follows:

December 31, Charge- June 30,
(In thousands)       2016       Offs       Recoveries       Provision       2017
Commercial and industrial $ 3,261 $      — $      21 $      144 $      3,426
Real estate
Commercial:
Mortgage 1,662 — — (164) 1,498
Construction 47 — — 16 63
Church, church-related:
Mortgage 4,027 — — 61 4,088
Construction 85 — — 8 93
Industrial revenue bonds 101 — — (25) 76
Other 992 — — (40) 952
Total $ 10,175 $ — $ 21 $ — $ 10,196