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v3.20.1

Loans (Tables) | 3 Months Ended
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Mar. 31, 2020
Summary of Loans Held for Investment | Loans held for investment outstanding at March 31, 2020 and December 31, 2019 are summarized as follows:
| March 31, 2020 |  |  | December 31, 2019 |
(in thousands) |  |  |  |  |  |  |
Commercial and industrial | $ | 82,177 |  |  | $ | 77,282 |
Agricultural |  | 309 |  |  |  | 446 |
Real estate – construction, commercial |  | 42,527 |  |  |  | 38,039 |
Real estate – construction, residential |  | 27,152 |  |  |  | 26,778 |
Real estate – mortgage, commercial |  | 256,543 |  |  |  | 251,824 |
Real estate – mortgage, residential |  | 215,155 |  |  |  | 208,494 |
Real estate – mortgage, farmland |  | 5,394 |  |  |  | 5,507 |
Consumer installment loans |  | 42,409 |  |  |  | 39,202 |
Gross loans |  | 671,666 |  |  |  | 647,572 |
Less: Unearned income |  | (731 | ) |  |  | (738 | )
Total | $ | 670,935 |  |  | $ | 646,834 |
Summary of Acquired Loans Included in Consolidated Statement of Condition | . The outstanding principal balance and related carrying amount of these acquired loans included in the consolidated statement of condition as of March 31, 2020 and December 31, 2019 is as follows:
| March 31, 2020 |  |  | December 31, 2019 |
(in thousands) |  |  |  |  |  |  |
Purchased credit impaired acquired VCB loans evaluated individually for future credit losses |  |  |  |  |  |  |
Outstanding principal balance | $ | 1,367 |  |  | $ | 1,504 |
Carrying amount |  | 1,196 |  |  |  | 1,315 |
Other acquired VCB loans |  |  |  |  |  |  |
Outstanding principal balance |  | 146,639 |  |  |  | 172,279 |
Carrying amount |  | 141,337 |  |  |  | 170,151 |
Total acquired VCB loans |  |  |  |  |  |  |
Outstanding principal balance |  | 148,006 |  |  |  | 173,783 |
Carrying amount |  | 142,533 |  |  |  | 171,466 |
Summary of Financing Receivable, Past Due | The following table presents the aging of the recorded investment of past due loans as of March 31, 2020 and December 31, 2019:
|  | March 31, 2020 |
(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 |  | $ | 123 |  |  | $ | 23 |  |  | $ | — |  |  | $ | 428 |  |  | $ | 574 |  |  | $ | 81,603 |  |  | $ | 82,177 |
Real estate – construction, commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 917 |  |  |  | 917 |  |  |  | 41,610 |  |  |  | 42,527 |
Real estate – construction, residential |  |  | 589 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 589 |  |  |  | 26,563 |  |  |  | 27,152 |
Real estate – mortgage, commercial |  |  | — |  |  |  | 387 |  |  |  | — |  |  |  | 1,472 |  |  |  | 1,859 |  |  |  | 254,684 |  |  |  | 256,543 |
Real estate – mortgage, residential |  |  | 871 |  |  |  | 39 |  |  |  | 805 |  |  |  | 709 |  |  |  | 2,424 |  |  |  | 212,731 |  |  |  | 215,155 |
Agricultural & Farmland |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,703 |  |  |  | 5,703 |
Consumer installment loans |  |  | 805 |  |  |  | 318 |  |  |  | 67 |  |  |  | 723 |  |  |  | 1,913 |  |  |  | 40,496 |  |  |  | 42,409 |
Less: Unearned income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (731 | ) |  |  | (731 | )
|  | $ | 2,388 |  |  | $ | 767 |  |  | $ | 872 |  |  | $ | 4,249 |  |  | $ | 8,276 |  |  | $ | 662,659 |  |  | $ | 670,935 |
Note 4 – Loans, continued
|  | December 31, 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 |  | $ | 1,652 |  |  | $ | — |  |  | $ | — |  |  | $ | 441 |  |  | $ | 2,093 |  |  | $ | 75,189 |  |  | $ | 77,282 |
Real estate – construction, commercial |  |  | 820 |  |  |  | — |  |  |  | — |  |  |  | 929 |  |  |  | 1,749 |  |  |  | 36,290 |  |  |  | 38,039 |
Real estate – construction, residential |  |  | 241 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 241 |  |  |  | 26,537 |  |  |  | 26,778 |
Real estate – mortgage, commercial |  |  | 3,194 |  |  |  | — |  |  |  | — |  |  |  | 1,931 |  |  |  | 5,125 |  |  |  | 246,699 |  |  |  | 251,824 |
Real estate – mortgage, residential |  |  | 319 |  |  |  | 217 |  |  |  | 369 |  |  |  | 713 |  |  |  | 1,618 |  |  |  | 206,876 |  |  |  | 208,494 |
Agricultural & Farmland |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,953 |  |  |  | 5,953 |
Consumer installment loans |  |  | 894 |  |  |  | 408 |  |  |  | — |  |  |  | 776 |  |  |  | 2,078 |  |  |  | 37,124 |  |  |  | 39,202 |
Less: Unearned income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (738 | ) |  |  | (738 | )
|  | $ | 7,120 |  |  | $ | 625 |  |  | $ | 369 |  |  | $ | 4,790 |  |  | $ | 12,904 |  |  | $ | 633,930 |  |  | $ | 646,834 |
Virginia Community Bankshares, Inc [Member] |
Summary of Changes in Accretable Yield on Purchased Credit Impaired Loans | The following table presents changes for the year ended December 31, 2019 in the accretable yield on the VCB purchased credit impaired loans for which the Company applies ASC 310-30:
| March 31, 2020 |  |  | December 31, 2019 |
(in thousands) |  |  |  |  |  |  |
Balance beginning of period | $ | 188 |  |  | $ | — |
Accretable yield at acquisition date |  | — |  |  |  | 190 |
Additions |  | (22 | ) |  |  | — |
Accretion |  | (16 | ) |  |  | (3 | )
Other changes, net |  | 21 |  |  |  | 1 |
Balance end of period |  | 171 |  |  |  | 188 |

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