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Loans Receivable and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2017

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition Of The Loan Portfolio






	September 30, 2017						December 31, 2016
Real Estate Loans:
Residential	$	235,508		31.1	%		$	237,177		33.2	%
Commercial		344,960		45.6				320,187		44.8
Construction		15,328		2.0				19,709		2.8
Commercial, financial and agricultural		92,979		12.3				85,508		12.0
Consumer loans to individuals		67,492		9.0				51,524		7.2
Total loans		756,267		100.0	%			714,105		100.0	%
Deferred fees, net		(253)						(216)
Total loans receivable		756,014						713,889
Allowance for loan losses		(7,760)						(6,463)
Net loans receivable	$	748,254					$	707,426



Components Of Purchase Accounting Adjustments Related To Purchased Credit-impaired Loans Acquired



(In Thousands)			July 31, 2016

Contractually required principal and interest		$	2,621
Non-accretable discount			(1,014)
Expected cash flows			1,607
Accretable discount			(239)
Estimated fair value		$	1,368



Changes In The Accretable Yield For Purchased Credit-impaired Loans



	2017
Balance at beginning of period	$	208
Additions		-
Accretion		(56)
Reclassification and other		(15)
Balance at end of period	$	137



Information Regarding Loans Acquired and Accounted for in Accordance With ASC 310-30



	September 30, 2017			December 31, 2016

Outstanding Balance	$	1,555		$	1,821
Carrying Amount	$	1,256		$	1,386



Summary Of Amount Of Loans In Each Category That Were Individually And Collectively Evaluated For Impairment


	Real Estate Loans
										Commercial			Consumer
	Residential			Commercial			Construction			Loans			Loans			Total
September 30, 2017	(In thousands)

  Individually evaluated for impairment	$	23		$	1,382		$	-		$	-		$	-		$	1,405
Loans acquired with deteriorated credit quality		831			425			-			-			-			1,256
  Collectively evaluated for impairment		234,654			343,153			15,328			92,979			67,492			753,606
Total Loans	$	235,508		$	344,960		$	15,328		$	92,979		$	67,492		$	756,267







	Real Estate Loans
										Commercial			Consumer
	Residential			Commercial			Construction			Loans			Loans			Total
	(In thousands)
December 31, 2016

Individually evaluated for impairment	$	23		$	2,601		$	-		$	-		$	-		$	2,624
Loans acquired with deteriorated credit quality		821			565			-			-			-			1,386
Collectively evaluated for impairment		236,333			317,021			19,709			85,508			51,524			710,095
Total Loans	$	237,177		$	320,187		$	19,709		$	85,508		$	51,524		$	714,105



Impaired Loans and Related Interest Income by Loan Portfolio Class

The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable. 





				Unpaid
	Recorded			Principal			Associated
	Investment			Balance			Allowance
September 30, 2017					(in thousands)
With no related allowance recorded:
Real Estate Loans
  Residential	$	23		$	28		$	-
  Commercial		1,382			2,263			-
Subtotal		1,405			2,291			-
Total:
Real Estate Loans
  Residential		23			28			-
  Commercial		1,382			2,263			-
Total Impaired Loans	$	1,405		$	2,291		$	-







				Unpaid
	Recorded			Principal			Associated
	Investment			Balance			Allowance
December 31, 2016					(in thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	23		$	28		$	-
Commercial		2,601			3,427			-
Subtotal		2,624			3,455			-
Total:
Real Estate Loans
Residential		23			28			-
Commercial		2,601			3,427			-
Total Impaired Loans	$	2,624		$	3,455		$	-







The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the three-month periods ended September 30, 2017 and 2016 (in thousands):







	Average Recorded						Interest Income
	Investment						Recognized
	2017			2016			2017			2016

Real Estate Loans:
Residential	$	23		$	579		$	-		$	1
Commercial		1,423			3,253			12			33
Total	$	1,446		$	3,832		$	12		$	34





The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the nine-month periods ended September 30, 2017 and 2016 (in thousands):





	Average Recorded						Interest Income
	Investment						Recognized
	2017			2016			2017			2016

Real Estate Loans:
Residential	$	23		$	372		$	-		$	3
Commercial		1,465			3,249			41			90
Total	$	1,488		$	3,621		$	41		$	93



Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating



				Special							Doubtful
	Pass			Mention			Substandard			or Loss			Total
September 30, 2017
Commercial real estate loans	$	331,511		$	9,542		$	3,907		$	-		$	344,960
Commercial loans		92,879			20			80			-			92,979
Total	$	424,390		$	9,562		$	3,987		$	-		$	437,939







				Special							Doubtful
	Pass			Mention			Substandard			or Loss			Total
December 31, 2016
Commercial real estate loans	$	310,432		$	5,432		$	4,323		$	-		$	320,187
Commercial loans		84,600			885			23			-			85,508
Total	$	395,032		$	6,317		$	4,346		$	-		$	405,695











For residential real estate loans, construction loans and consumer loans, the Company evaluates credit quality based on the performance of the individual credits.  The following table presents the recorded investment in the loan classes based on payment activity as of September 30, 2017 and December 31, 2016 (in thousands):







	Performing			Nonperforming			Total
September 30, 2017
Residential real estate loans	$	234,004		$	1,504		$	235,508
Construction		15,328			-			15,328
Consumer loans		67,492			-			67,492
Total	$	316,824		$	1,504		$	318,328







	Performing			Nonperforming			Total
December 31, 2016
Residential real estate loans	$	235,829		$	1,137		$	237,177
Construction		19,681			28			19,709
Consumer loans		51,524			-			51,524
Total	$	307,034		$	1,165		$	308,410



Loan Portfolio Summarized by the Past Due Status



	Current			31-60 Days Past Due			61-90 Days Past Due			Greater than 90 Days Past Due and still accruing			Non-Accrual			Total Past Due and Non-Accrual			Total Loans
September 30, 2017
Real Estate loans
Residential	$	232,909		$	909		$	186		$	-		$	1,504		$	2,599		$	235,508
Commercial		343,754			703			-			-			503			1,206			344,960
Construction		15,328			-			-			-			-			-			15,328
Commercial  loans		92,897			40			42			-			-			82			92,979
Consumer  loans		67,457			29			6			-			-			35			67,492
Total	$	752,345		$	1,681		$	234		$	-		$	2,007		$	3,922		$	756,267







	Current			31-60 Days Past Due			61-90 Days Past Due			Greater than 90 Days Past Due and still accruing			Non-Accrual			Total Past Due and Non-Accrual			Total Loans
December 31, 2016
Real Estate loans
Residential	$	234,790		$	986		$	264		$	1		$	1,136		$	2,387		$	237,177
Commercial		318,979			445			1			-			762			1,208			320,187
Construction		19,681			-			-			-			28			28			19,709
Commercial  loans		85,355			143			10			-			-			153			85,508
Consumer  loans		51,456			39			29			-			-			68			51,524
Total	$	710,261		$	1,613		$	304		$	1		$	1,926		$	3,844		$	714,105





Allowance for Loan Losses and Recorded Investment in Financing Receivables

Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the allowance for loan losses.  When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off  against the allowance.  The following table presents the allowance for loan losses by the classes of the loan portfolio:









(In thousands)	Residential Real Estate			Commercial Real Estate			Construction			Commercial			Consumer			Total
Beginning balance, December 31, 2016	$	1,092		$	4,623		$	78		$	307		$	363		$	6,463
Charge Offs		(83)			(308)			(28)			-			(127)			(546)
Recoveries		4			5			12			-			22			43
Provision for loan losses		340			979			35			165			281			1,800
Ending balance, September 30, 2017	$	1,353		$	5,299		$	97		$	472		$	539		$	7,760
Ending balance individually evaluated for impairment	$	-		$	-		$	-		$	-		$	-		$	-
Ending balance collectively evaluated for impairment	$	1,353		$	5,299		$	97		$	472		$	539		$	7,760


(In thousands)	Residential Real Estate			Commercial Real Estate			Construction			Commercial			Consumer			Total
Beginning balance, June 30, 2017	$	1,254		$	5,228		$	93		$	360		$	484		$	7,419
Charge Offs		-			(212)			(15)			-			(45)			(272)
Recoveries		1			1			-			-			11			13
Provision for loan losses		98			282			19			112			89			600
Ending balance, September 30, 2017	$	1,353		$	5,299		$	97		$	472		$	539		$	7,760













(In thousands)	Residential Real Estate			Commercial Real Estate			Construction			Commercial			Consumer			Total
Beginning balance, December 31, 2015	$	1,069		$	5,506		$	90		$	397		$	236		$	7,298
Charge Offs		(32)			(2,670)			-			(15)			(71)			(2,788)
Recoveries		4			11			-			-			39			54
Provision for loan losses		15			1,516			(12)			(46)			127			1,600
Ending balance, September 30, 2016	$	1,056		$	4,363		$	78		$	336		$	331		$	6,164
Ending balance individually evaluated for impairment	$	-		$	15		$	-		$	-		$	-		$	15
Ending balance collectively evaluated for impairment	$	1,056		$	4,348		$	78		$	336		$	331		$	6,149


(In thousands)	Residential Real Estate			Commercial Real Estate			Construction			Commercial			Consumer			Total
Beginning balance, June 30, 2016	$	976		$	4,191		$	59		$	293		$	279		$	5,798
Charge Offs		(15)			(28)			-			(15)			(41)			(99)
Recoveries		2			9			-			-			4			15
Provision for loan losses		93			191			19			58			89			450
Ending balance, September 30, 2016	$	1,056		$	4,363		$	78		$	336		$	331		$	6,164







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