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Loans Receivable and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2019

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition of the Loan Portfolio






	June 30, 2019						December 31, 2018
Real Estate Loans:
Residential	$	230,405		26.0	%		$	235,523		27.7	%
Commercial		381,915		43.0				374,790		44.1
Construction		19,784		2.2				17,445		2.0
Commercial, financial and agricultural		120,732		13.6				110,542		13.0
Consumer loans to individuals		134,968		15.2				112,002		13.2
Total loans		887,804		100.0	%			850,302		100.0	%
Deferred fees, net		(131)						(120)
Total loans receivable		887,673						850,182
Allowance for loan losses		(8,228)						(8,452)
Net loans receivable	$	879,445					$	841,730



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



	June 30, 2019			December 31, 2018

Outstanding Balance	$	965		$	1,055
Carrying Amount	$	822		$	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
June 30, 2019	(In thousands)

  Individually evaluated for impairment	$	-		$	752		$	-		$	-		$	-		$	752
Loans acquired with deteriorated credit quality		583			239			-			-			-			822
  Collectively evaluated for impairment		229,822			380,924			19,784			120,732			134,968			886,230
Total Loans	$	230,405		$	381,915		$	19,784		$	120,732		$	134,968		$	887,804







	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
June 30, 2019					(in thousands)
With no related allowance recorded:
Real Estate Loans:
  Commercial	$	752		$	1,338		$	-
Subtotal		752			1,338			-
Total:
Real Estate Loans:
  Commercial		752			1,338			-
Total Impaired Loans	$	752		$	1,338		$	-







				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 June 30, 2019 and 2018, respectively (in thousands):









	Average Recorded						Interest Income
	Investment						Recognized
	2019			2018			2019			2018

Real Estate Loans:
Residential	$	-		$	23		$	-		$	-
Commercial		601			1,202			24			16
Total	$	601		$	1,225		$	24		$	16







The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the six-month periods ended June 30, 2019 and 2018, respectively (in thousands):









	Average Recorded						Interest Income
	Investment						Recognized
	2019			2018			2019			2018

Real Estate Loans:
Residential	$	-		$	23		$	-		$	-
Commercial		840			1,194			24			30
Total	$	840		$	1,217		$	24		$	30











Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating





				Special							Doubtful
	Pass			Mention			Substandard			or Loss			Total
June 30, 2019
Commercial real estate loans	$	365,739		$	12,629		$	3,547		$	-		$	381,915
Commercial loans		120,445			59			228			-			120,732
Total	$	486,184		$	12,688		$	3,775		$	-		$	502,647











				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 June 30, 2019 and December 31, 2018 (in thousands):







	Performing			Nonperforming			Total
June 30, 2019
Residential real estate loans	$	229,831		$	574		$	230,405
Construction		19,784			-			19,784
Consumer loans		134,968			-			134,968
Total	$	384,583		$	574		$	385,157







	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
June 30, 2019
Real Estate loans
Residential	$	229,382		$	377		$	72		$	-		$	574		$	1,023		$	230,405
Commercial		380,828			271			64			-			752			1,087			381,915
Construction		19,784			-			-			-			-			-			19,784
Commercial  loans		120,646			57			-			-			29			86			120,732
Consumer  loans		134,811			157			-			-			-			157			134,968
Total	$	885,451		$	862		$	136		$	-		$	1,355		$	2,353		$	887,804











	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		(75)			(615)			-			(234)			(135)			(1,059)
Recoveries		15			14			-			21			35			85
Provision for loan losses		179			(160)			19			397			315			750
Ending balance, June 30, 2019	$	1,447		$	4,694		$	112		$	896		$	1,079		$	8,228
Ending balance individually evaluated for impairment	$	-		$	-		$	-		$	-		$	-		$	-
Ending balance collectively evaluated for impairment	$	1,447		$	4,694		$	112		$	896		$	1,079		$	8,228


(In thousands)	Residential Real Estate			Commercial Real Estate			Construction			Commercial			Consumer			Total
Beginning balance, March 31, 2019	$	1,455		$	4,947		$	108		$	811		$	1,028		$	8,349
Charge Offs		(10)			(146)			-			(233)			(72)			(461)
Recoveries		4			4			-			11			21			40
Provision for loan losses		(2)			(111)			4			307			102			300
Ending balance, June 30, 2019	$	1,447		$	4,694		$	112		$	896		$	1,079		$	8,228



















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