Loans by Type (Tables)

3 Months Ended

Mar. 31, 2020

A summary of loan categories is as follows:

(In thousands)	March 31, 2020		December 31, 2019
Commercial and industrial	$	399,217	$	323,857
Real estate
Commercial:
Mortgage		100,717		101,654
Construction		19,528		25,299
Faith-based:
Mortgage		311,520		305,826
Construction		23,792		15,945
Other		6		57
Total loans	$	854,780	$	772,638

Schedule of the Aging Loans by Loan Categories

The following table presents the aging of loans by loan categories at March 31, 2020 and December 31, 2019:

	Performing						Nonperforming
(In thousands)	Current		30-59 Days		60-89 Days		90 Days and Over		Non- accrual		Total Loans
March 31, 2020
Commercial and industrial	$	399,217	$	—	$	—	$	—	$	—	$	399,217
Real estate
Commercial:
Mortgage		100,717		—		—		—		—		100,717
Construction		19,528		—		—		—		—		19,528
Faith-based:
Mortgage		311,520		—		—		—		—		311,520
Construction		23,792		—		—		—		—		23,792
Other		6		—		—		—		—		6
Total	$	854,780	$	—	$	—	$	—	$	—	$	854,780
December 31, 2019
Commercial and industrial	$	323,857	$	—	$	—	$	—	$	—	$	323,857
Real estate
Commercial:
Mortgage		101,654		—		—		—		—		101,654
Construction		25,299		—		—		—		—		25,299
Faith-based:
Mortgage		305,826		—		—		—		—		305,826
Construction		15,945		—		—		—		—		15,945
Other		57		—		—		—		—		57
Total	$	772,638	$	—	$	—	$	—	$	—	$	772,638

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, 2020 and December 31, 2019:

(In thousands)	Loans Subject to Normal Monitoring¹		Performing Loans Subject to Special Monitoring²		Nonperforming Loans Subject to Special Monitoring²		Total Loans
March 31, 2020
Commercial and industrial	$	387,444	$	11,773	$	—	$	399,217
Real estate
Commercial:
Mortgage		99,464		1,253		—		100,717
Construction		19,528		—		—		19,528
Faith-based:
Mortgage		310,236		1,284		—		311,520
Construction		23,792		—		—		23,792
Other		6		—		—		6
Total	$	840,470	$	14,310	$	—	$	854,780
December 31, 2019
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 obligations.
²	Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.

Summary of the Allowance for Loan Losses

A summary of the activity in the allowance for loan losses from December 31, 2019 to March 31, 2020 is as follows:

(In thousands)	December 31, 2019		Charge- Offs		Recoveries		Provision		March 31, 2020
Commercial and industrial	$	4,874	$	—	$	7	$	213	$	5,094
Real estate
Commercial:
Mortgage		1,528		—		—		24		1,552
Construction		191		—		—		(41)		150
Faith-based:
Mortgage		3,842		—		1		106		3,949
Construction		121		—		—		23		144
Total	$	10,556	$	—	$	8	$	325	$	10,889

A summary of the activity in the allowance for loan losses from December 31, 2018 to March 31, 2019 is as follows:

(In thousands)	December 31, 2018		Charge- Offs		Recoveries		Provision		March 31, 2019
Commercial and industrial	$	4,179	$	—	$	11	$	529	$	4,719
Real estate
Commercial:
Mortgage		1,417		—		—		(33)		1,384
Construction		89		—		—		26		115
Faith-based:
Mortgage		3,961		—		—		(51)		3,910
Construction		155		—		—		(27)		128
Other		424	$	—	$	—	$	(194)	$	230
Total	$	10,225	$	—	$	11	$	250	$	10,486