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Loans by Type | 6 Months Ended
--- | ---
Jun. 30, 2019
Receivables [Abstract] |
Loans by Type | Note 6 – Loans by Type A summary of loan categories is as follows:
|  | June 30, |  | December 31,
(In thousands) |  | 2019 |  | 2018
Commercial and industrial |  | $ | 348,176 |  | $ | 277,091
Real estate: |  |  |  |  |  |
Commercial: |  |  |  |  |  |
Mortgage |  |  | 85,571 |  |  | 95,605
Construction |  |  | 18,609 |  |  | 11,858
Faith-based: |  |  |  |  |  |
Mortgage |  |  | 319,083 |  |  | 316,147
Construction |  |  | 17,438 |  |  | 20,576
Other |  |  | 1,675 |  |  | 310
Total loans |  | $ | 790,552 |  | $ | 721,587
The following table presents the aging of loans by loan categories at June 30, 2019 and December 31, 2018:
|  | Performing |  | Nonperforming |  |  |
|  |  |  |  |  |  |  |  |  |  | 90 |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | Days |  |  |  |  |  |
|  |  |  |  | 30-59 |  | 60-89 |  | and |  | Non- |  | Total
(In thousands) |  | Current |  | Days |  | Days |  | Over |  | accrual |  | Loans
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 348,176 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 348,176
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 85,571 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 85,571
Construction |  |  | 18,609 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 18,609
Faith-based: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 319,083 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 319,083
Construction |  |  | 17,438 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 17,438
Other |  |  | 1,675 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,675
Total |  | $ | 790,552 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 790,552
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 277,091 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 277,091
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 95,605 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 95,605
Construction |  |  | 11,858 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,858
Faith-based: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 316,147 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 316,147
Construction |  |  | 20,576 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 20,576
Other |  |  | 310 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 310
Total |  | $ | 721,587 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 721,587
The following table presents the credit exposure of the loan portfolio by internal credit grade as of June 30, 2019 and December 31, 2018:
|  | Loans |  | Performing |  | Nonperforming |  |  |
|  | Subject to |  | Loans Subject to |  | Loans Subject |  |  |
|  | Normal |  | Special |  | to Special |  |  |
(In thousands) |  | Monitoring 1 |  | Monitoring2 |  | Monitoring2 |  | Total Loans
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 347,416 |  | $ | 760 |  | $ | — |  | $ | 348,176
Real estate: |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 85,434 |  |  | 137 |  |  | — |  |  | 85,571
Construction |  |  | 18,609 |  |  | — |  |  | — |  |  | 18,609
Faith-based: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 317,917 |  |  | 1,166 |  |  | — |  |  | 319,083
Construction |  |  | 17,438 |  |  | — |  |  | — |  |  | 17,438
Other |  |  | 1,675 |  |  | — |  |  | — |  |  | 1,675
Total |  | $ | 788,489 |  | $ | 2,063 |  | $ | — |  | $ | 790,552
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 275,308 |  | $ | 1,783 |  | $ | — |  | $ | 277,091
Real estate: |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 95,447 |  |  | 158 |  |  | — |  |  | 95,605
Construction |  |  | 11,858 |  |  | — |  |  | — |  |  | 11,858
Faith-based: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 314,940 |  |  | 1,207 |  |  | — |  |  | 316,147
Construction |  |  | 20,576 |  |  | — |  |  | — |  |  | 20,576
Other |  |  | 310 |  |  | — |  |  | — |  |  | 310
Total |  | $ | 718,439 |  | $ | 3,148 |  | $ | — |  | $ | 721,587
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 restructurings at June 30, 2019 and December 31, 2018. There were no foreclosed loans recorded as other real estate owned as of June 30, 2019 and December 31, 2018. A summary of the activity in the allowance for loan losses from December 31, 2018 to June 30, 2019 is as follows:
|  | December 31, |  | Charge- |  |  |  |  |  |  |  | June 30,
(In thousands) |  | 2018 |  | Offs |  | Recoveries |  | Provision |  | 2019
Commercial and industrial |  | $ | 4,179 |  | $ | — |  | $ | 31 |  | $ | 1,058 |  | $ | 5,268
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 1,417 |  |  | — |  |  | — |  |  | (148) |  |  | 1,269
Construction |  |  | 89 |  |  | — |  |  | — |  |  | 51 |  |  | 140
Church, church-related: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 3,961 |  |  | — |  |  | — |  |  | 36 |  |  | 3,997
Construction |  |  | 155 |  |  | — |  |  | — |  |  | (24) |  |  | 131
Other |  |  | 424 |  |  | — |  |  | — |  |  | (723) |  |  | (299)
Total |  | $ | 10,225 |  | $ | — |  | $ | 31 |  | $ | 250 |  | $ | 10,506
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

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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