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Loans Receivable and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2019

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition of the Loan Portfolio






	March 31, 2019						December 31, 2018
Real Estate Loans:
Residential	$	231,954		26.8	%		$	235,523		27.7	%
Commercial		373,276		43.2				374,790		44.1
Construction		18,604		2.2				17,445		2.0
Commercial, financial and agricultural		118,535		13.7				110,542		13.0
Consumer loans to individuals		121,945		14.1				112,002		13.2
Total loans		864,314		100.0	%			850,302		100.0	%
Deferred fees, net		(116)						(120)
Total loans receivable		864,198						850,182
Allowance for loan losses		(8,349)						(8,452)
Net loans receivable	$	855,849					$	841,730



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



	March 31, 2019			December 31, 2018

Outstanding Balance	$	985		$	1,055
Carrying Amount	$	829		$	886



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
March 31, 2019	(In thousands)

  Individually evaluated for impairment	$	-		$	451		$	-		$	-		$	-		$	451
Loans acquired with deteriorated credit quality		581			248			-			-			-			829
  Collectively evaluated for impairment		231,373			372,577			18,604			118,535			121,945			863,034
Total Loans	$	231,954		$	373,276		$	18,604		$	118,535		$	121,945		$	864,314







	Real Estate Loans
										Commercial			Consumer
	Residential			Commercial			Construction			Loans			Loans			Total
	(In thousands)
December 31, 2018

Individually evaluated for impairment	$	-		$	1,319		$	-		$	-		$	-		$	1,319
Loans acquired with deteriorated credit quality		630			256			-			-			-			886
Collectively evaluated for impairment		234,893			373,215			17,445			110,542			112,002			848,097
Total Loans	$	235,523		$	374,790		$	17,445		$	110,542		$	112,002		$	850,302



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
March 31, 2019					(in thousands)
With no related allowance recorded:
Real Estate Loans:
  Commercial	$	451		$	702		$	-
Subtotal		451			702			-
Total:
Real Estate Loans:
  Commercial		451			702			-
Total Impaired Loans	$	451		$	702		$	-







				Unpaid
	Recorded			Principal			Associated
	Investment			Balance			Allowance
December 31, 2018					(in thousands)
With no related allowance recorded:
Real Estate Loans:
Commercial	$	1,319		$	1,747		$	-
Subtotal		1,319			1,747			-
Total:
Real Estate Loans:
Commercial		1,319			1,747			-
Total Impaired Loans	$	1,319		$	1,747		$	-







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 March 31, 2019 and 2018, respectively (in thousands):









	Average Recorded						Interest Income
	Investment						Recognized
	2019			2018			2019			2018

Real Estate Loans:
Residential	$	-		$	23		$	-		$	-
Commercial		885			1,219			-			14
Total	$	885		$	1,242		$	-		$	14





















Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating







				Special							Doubtful
	Pass			Mention			Substandard			or Loss			Total
March 31, 2019
Commercial real estate loans	$	359,791		$	8,118		$	5,367		$	-		$	373,276
Commercial loans		118,294			-			241			-			118,535
Total	$	478,085		$	8,118		$	5,608		$	-		$	491,811







				Special							Doubtful
	Pass			Mention			Substandard			or Loss			Total
December 31, 2018
Commercial real estate loans	$	360,838		$	7,918		$	6,034		$	-		$	374,790
Commercial loans		109,966			82			494			-			110,542
Total	$	470,804		$	8,000		$	6,528		$	-		$	485,332



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 March 31, 2019 and December 31, 2018 (in thousands):







	Performing			Nonperforming			Total
March 31, 2019
Residential real estate loans	$	231,358		$	596		$	231,954
Construction		18,604			-			18,604
Consumer loans		121,927			18			121,945
Total	$	371,889		$	614		$	372,503







	Performing			Nonperforming			Total
December 31, 2018
Residential real estate loans	$	234,725		$	798		$	235,523
Construction		17,445			-			17,445
Consumer loans		112,002			-			112,002
Total	$	364,172		$	798		$	364,970



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
March 31, 2019
Real Estate loans
Residential	$	230,696		$	598		$	64		$	-		$	596		$	1,258		$	231,954
Commercial		370,808			445			1,572			-			451			2,468			373,276
Construction		18,604			-			-			-			-			-			18,604
Commercial  loans		118,242			1			260			-			32			293			118,535
Consumer  loans		121,736			185			6			-			18			209			121,945
Total	$	860,086		$	1,229		$	1,902		$	-		$	1,097		$	4,228		$	864,314











	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, 2018
Real Estate loans
Residential	$	234,201		$	373		$	151		$	-		$	798		$	1,322		$	235,523
Commercial		372,617			1,043			788			-			342			2,173			374,790
Construction		17,445			-			-			-			-			-			17,445
Commercial  loans		110,191			320			31			-			-			351			110,542
Consumer  loans		111,796			171			35			-			-			206			112,002
Total	$	846,250		$	1,907		$	1,005		$	-		$	1,140		$	4,052		$	850,302



Allowance for Loan Losses and Recorded Investment in Financing Receivables

















(In thousands)	Residential Real Estate			Commercial Real Estate			Construction			Commercial			Consumer			Total
Beginning balance, December 31, 2018	$	1,328		$	5,455		$	93		$	712		$	864		$	8,452
Charge Offs		(65)			(469)			-			(1)			(63)			(598)
Recoveries		11			10			-			10			14			45
Provision for loan losses		181			(49)			15			90			213			450
Ending balance, March 31, 2019	$	1,455		$	4,947		$	108		$	811		$	1,028		$	8,349
Ending balance individually evaluated for impairment	$	-		$	-		$	-		$	-		$	-		$	-
Ending balance collectively evaluated for impairment	$	1,455		$	4,947		$	108		$	811		$	1,028		$	8,349





















(In thousands)	Residential Real Estate			Commercial Real Estate			Construction			Commercial			Consumer			Total
Beginning balance, December 31, 2017	$	1,272		$	5,265		$	90		$	463		$	544		$	7,634
Charge Offs		(51)			-			-			-			(48)			(99)
Recoveries		1			6			-			-			7			14
Provision for loan losses		303			(142)			30			175			184			550
Ending balance, March 31, 2018	$	1,525		$	5,129		$	120		$	638		$	687		$	8,099
Ending balance individually evaluated for impairment	$	-		$	-		$	-		$	-		$	-		$	-
Ending balance collectively evaluated for impairment	$	1,525		$	5,129		$	120		$	638		$	687		$	8,099



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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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