XML 34 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans by Type (Tables)
 9 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Summary of Loan Categories

A summary of loan categories is as follows:

September 30, December 31,
(In thousands)       2018       2017
Commercial and industrial $            270,854 $           236,394
Real estate:
Commercial:
Mortgage 92,972 94,675
Construction 22,883 9,359
Faith-based:
Mortgage 307,679 316,073
Construction 30,838 25,948
Industrial Revenue Bonds 921 3,374
Other 92 408
Total loans $ 726,239 $ 686,231
Schedule of the Aging Loans by Loan Categories

The following table presents the aging of loans by loan categories at September 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
September 30, 2018
Commercial and industrial $      270,854 $          — $          — $          — $          — $      270,854
Real estate:
Commercial:
Mortgage 92,972 — — — — 92,972
Construction 22,883 — — — — 22,883
Faith-based:
Mortgage 307,679 — — — — 307,679
Construction 30,838 — — — — 30,838
Industrial revenue bonds 921 — — — — 921
Other 92 — — — — 92
Total $ 726,239 $ — $ — $ — $ — $ 726,239
December 31, 2017
Commercial and industrial $ 236,394 $ — $ — $ — $ — $ 236,394
Real estate:
Commercial:
Mortgage 94,675 — — — — 94,675
Construction 9,359 — — — — 9,359
Faith-based:
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
Schedule of Credit Exposure of the Loan Portfolio

The following table presents the credit exposure of the loan portfolio as of September 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
September 30, 2018
Commercial and industrial $      267,696 $      3,158 $      — $      270,854
Real estate:
Commercial:
Mortgage 91,998 974 — 92,972
Construction 22,883 — — 22,883
Faith-based:
Mortgage 307,596 83 — 307,679
Construction 30,838 — — 30,838
Industrial Revenue Bonds 921 — — 921
Other 92 — — 92
Total $ 722,024 $ 4,215 $ — $ 726,239
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
Faith-based:
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.
Schedule of Recorded Investment and Unpaid Principal Balance for Impaired Loans

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

December 31, Charge- September 30,
(In thousands)       2017       Offs       Recoveries       Provision 2018
Commercial and industrial $      3,652 $      — $      15 $      535       $      4,202
Real estate:
Commercial:
Mortgage 1,394 — — (9) 1,385
Construction 70 — — 100 170
Faith-based:
Mortgage 3,962 — — (105) 3,857
Construction 196 — — 34 230
Industrial Revenue Bonds 52 — — (38) 14
Other 879 — — (517) 362
Total $ 10,205 $ — $ 15 $ — $ 10,220

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

December 31, Charge- September 30,
(In thousands)       2016       Offs       Recoveries       Provision       2017
Commercial and industrial $ 3,261 $ — $ 27 $ (61) $ 3,227
Real estate:
Commercial:
Mortgage 1,662 — — (160) 1,502
Construction 47 — — 54 101
Faith-based:
Mortgage 4,027 — — 20 4,047
Construction 85 — — (26) 59
Industrial Revenue Bonds 101 — — (37) 64
Other 992 — — 210 1,202
Total $ 10,175 $ — $ 27 $ — $ 10,202