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Loans | 9 Months Ended
--- | ---
Sep. 30, 2019
Loans and Leases Receivable Disclosure [Abstract] |
Loans | Note 3 – Loans Loans held for investment outstanding at September 30, 2019 and December 31, 2018 are summarized as follows:
|  | September 30, 2019 |  |  | December 31, 2018 |
(in thousands) |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 50,826 |  |  | $ | 49,076 |
Agricultural |  |  | 175 |  |  |  | 216 |
Real estate – construction, commercial |  |  | 19,876 |  |  |  | 14,666 |
Real estate – construction, residential |  |  | 16,364 |  |  |  | 15,102 |
Real estate – mortgage, commercial |  |  | 167,223 |  |  |  | 150,513 |
Real estate – mortgage, residential |  |  | 165,865 |  |  |  | 149,856 |
Real estate – mortgage, farmland |  |  | 3,754 |  |  |  | 4,179 |
Consumer installment loans |  |  | 37,433 |  |  |  | 31,979 |
Gross loans |  |  | 461,516 |  |  |  | 415,587 |
Less: Unearned income |  |  | (638 | ) |  |  | (719 | )
Total |  | $ | 460,878 |  |  | $ | 414,868 |
The Company has pledged loans held for investment (in thousands) as collateral for borrowings with the Federal Home Loan Bank of Atlanta totaling $126,125 and $104,791 as of September 30, 2019 and December 31, 2018, respectively. The following table presents the aging of the recorded investment of past due loans (in thousands) as of September 30, 2019 and December 31, 2018:
|  | September 30, 2019 |
(in thousands) |  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | Greater than 90 Days Past Due & Accruing |  |  | Nonaccrual |  |  | Total Past Due & Nonaccrual |  |  | Current Loans |  |  | Total Loans |
Commercial and industrial |  | $ | 126 |  |  | $ | — |  |  | $ | — |  |  | $ | 538 |  |  | $ | 664 |  |  | $ | 50,162 |  |  | $ | 50,826 |
Real estate – construction, commercial |  |  | 141 |  |  |  | 363 |  |  |  | — |  |  |  | 942 |  |  |  | 1,446 |  |  |  | 18,430 |  |  |  | 19,876 |
Real estate – construction, residential |  |  | 493 |  |  |  | 240 |  |  |  | — |  |  |  | — |  |  |  | 733 |  |  |  | 15,631 |  |  |  | 16,364 |
Real estate – mortgage, commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,026 |  |  |  | 2,026 |  |  |  | 165,197 |  |  |  | 167,223 |
Real estate – mortgage, residential |  |  | 1,482 |  |  |  | — |  |  |  | 708 |  |  |  | 947 |  |  |  | 3,137 |  |  |  | 162,728 |  |  |  | 165,865 |
Agricultural & Farmland |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,929 |  |  |  | 3,929 |
Consumer installment loans |  |  | 760 |  |  |  | 322 |  |  |  | — |  |  |  | 688 |  |  |  | 1,770 |  |  |  | 35,663 |  |  |  | 37,433 |
Less: Unearned income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (638 | ) |  |  | (638 | )
|  | $ | 3,002 |  |  | $ | 925 |  |  | $ | 708 |  |  | $ | 5,141 |  |  | $ | 9,776 |  |  | $ | 451,102 |  |  | $ | 460,878 |
|  | December 31, 2018 |
(in thousands) |  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | Greater than 90 Days Past Due & Accruing |  |  | Nonaccrual |  |  | Total Past Due & Nonaccrual |  |  | Current Loans |  |  | Total Loans |
Commercial and industrial |  | $ | 280 |  |  | $ | 29 |  |  | $ | — |  |  | $ | 312 |  |  | $ | 621 |  |  | $ | 48,455 |  |  | $ | 49,076 |
Real estate – construction, commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 979 |  |  |  | 979 |  |  |  | 13,687 |  |  |  | 14,666 |
Real estate – construction, residential |  |  | — |  |  |  | — |  |  |  | 231 |  |  |  | — |  |  |  | 231 |  |  |  | 14,871 |  |  |  | 15,102 |
Real estate – mortgage, commercial |  |  | 218 |  |  |  | 441 |  |  |  | 430 |  |  |  | 2,441 |  |  |  | 3,530 |  |  |  | 146,983 |  |  |  | 150,513 |
Real estate – mortgage, residential |  |  | 760 |  |  |  | 7 |  |  |  | 1,079 |  |  |  | 1,441 |  |  |  | 3,287 |  |  |  | 146,569 |  |  |  | 149,856 |
Agricultural & Farmland |  |  | 123 |  |  |  | — |  |  |  | 309 |  |  |  | — |  |  |  | 432 |  |  |  | 3,963 |  |  |  | 4,395 |
Consumer installment loans |  |  | 1,017 |  |  |  | 408 |  |  |  | 4 |  |  |  | 357 |  |  |  | 1,786 |  |  |  | 30,193 |  |  |  | 31,979 |
Less: Unearned income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (719 | ) |  |  | (719 | )
|  | $ | 2,398 |  |  | $ | 885 |  |  | $ | 2,053 |  |  | $ | 5,530 |  |  | $ | 10,866 |  |  | $ | 404,002 |  |  | $ | 414,868 |

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