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Troubled Debt Restructurings | 6 Months Ended
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Jun. 30, 2019
Troubled Debt Restructurings [Abstract] |
Troubled Debt Restructurings | NOTE 5 – Troubled Debt Restructurings At June 30, 2019, the Company had 25 loans totaling $10.2 million compared to 26 loans totaling $9.3 million at December 31, 2018, which were considered as TDRs. The Company considers a loan to be a TDR when the debtor experiences financial difficulties and the Company grants a concession to the debtor that it would not normally consider. Concessions can relate to the contractual interest rate, maturity date, or payment structure of the note. As part of the workout plan for individual loan relationships, the Company may restructure loan terms to assist borrowers facing financial challenges in the current economic environment. To date, the Company has restored three commercial loans previously classified as TDRs to accrual status. The following table summarizes the concession at the time of modification and the recorded investment in the Company’s TDRs before and after their modification.
|  | For the six months ended June 30, 2019
|  |  |  |  |  |  |  |  |  |  |  | Pre- |  | Post-
|  |  |  |  |  |  |  |  |  |  |  | modification |  | modification
|  | Renewals |  | Reduced |  | Converted |  | Maturity |  | Total |  | outstanding |  | outstanding
|  | deemed a |  | or deferred |  | to interest |  | date |  | Number |  | recorded |  | recorded
(dollars in thousands) |  | concession |  | payments |  | only |  | extensions |  | of loans |  | investment |  | investment
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity |  | 1 |  | - |  | - |  | - |  | 1 |  | $ | 832 |  | $ | 832
Total loans |  | 1 |  | - |  | - |  | - |  | 1 |  | $ | 832 |  | $ | 832
|  | For the six months ended June 30, 2018
|  |  |  |  |  |  |  |  |  |  |  | Pre- |  | Post-
|  |  |  |  |  |  |  |  |  |  |  | modification |  | modification
|  | Renewals |  | Reduced |  | Converted |  | Maturity |  | Total |  | outstanding |  | outstanding
|  | deemed a |  | or deferred |  | to interest |  | date |  | Number |  | recorded |  | recorded
(dollars in thousands) |  | concession |  | payments |  | only |  | extensions |  | of loans |  | investment |  | investment
Commercial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner occupied RE |  | 1 |  | - |  | - |  | - |  | 1 |  | $ | 506 |  | $ | 592
Business |  | 4 |  | - |  | - |  | - |  | 4 |  |  | 1,207 |  | 1,532
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  | 2 |  | - |  | - |  | - |  | 2 |  |  | 549 |  |  | 669
Home equity |  | - |  | 1 |  | - |  | - |  | 1 |  |  | 180 |  |  | 180
Total loans |  | 7 |  | 1 |  | - |  | - |  | 8 |  | $ | 2,442 |  | $ | 2,973
As of June 30, 2019 and 2018, there were no loans modified as a TDR for which there was a payment default (60 days past due) within 12 months of the restructuring date.

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- Definition Disclosure of the accounting policy for loan agreements whose terms have been modified because of the inability of the borrower for financial reasons to comply with the terms of the original loan agreement. A creditor discloses material facts pertaining to significant modifications. + References No definition available. + Details
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