Loans (Tables)

12 Months Ended

Dec. 31, 2019

A summary of loan categories is as follows:

The following table presents the aging of loans by loan categories at December 31, 2019:

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

The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2019:

(In thousands)	Loans Subject to Normal Monitoring⁽¹⁾		Performing Loans Subject to Special Monitoring⁽²⁾		Nonperforming Loans Subject to Special Monitoring⁽²⁾		Total Loans
Commercial and industrial	$	321,554	$	2,303	$	—	$	323,857
Real estate
Commercial:
Mortgage		100,346		1,308		—		101,654
Construction		25,299		—		—		25,299
Faith-based:
Mortgage		304,513		1,313		—		305,826
Construction		15,945		—		—		15,945
Other		57		—		—		57
Total	$	767,714	$	4,924	$	—	$	772,638

⁽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 obligation.
⁽²⁾	Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.

The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2018:

(In thousands)	Loans Subject to Normal Monitoring⁽¹⁾		Performing Loans Subject to Special Monitoring⁽²⁾		Nonperforming Loans Subject to Special Monitoring⁽²⁾		Total Loans
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 obligation.
⁽²⁾	Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.

A summary of the activity in the allowance for loan losses for the period ended December 31, 2019 is as follows:

A summary of the activity in the allowance for loan losses for the period ended December 31, 2018 is as follows: