XML 23 R13.htm IDEA: XBRL DOCUMENT
v3.20.2

Loans | 9 Months Ended
--- | ---
Sep. 30, 2020
Receivables [Abstract] |
Loans | Note 4—Loans Loans summarized by category as of September 30, 2020, December 31, 2019 and September 30, 2019 are as follows:
|  | September 30, |  |  | December 31, |  |  | September 30, |
(Dollars in thousands) |  | 2020 |  |  | 2019 |  |  | 2019 |
Commercial, financial and agricultural |  | $ | 108,006 |  |  | $ | 51,805 |  |  | $ | 55,169 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | 89,250 |  |  |  | 73,512 |  |  |  | 58,737 |
Mortgage-residential |  |  | 49,215 |  |  |  | 45,357 |  |  |  | 47,693 |
Mortgage-commercial |  |  | 561,932 |  |  |  | 527,447 |  |  |  | 534,554 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |
Home equity |  |  | 27,618 |  |  |  | 28,891 |  |  |  | 29,103 |
Other |  |  | 8,439 |  |  |  | 10,016 |  |  |  | 9,818 |
Total |  | $ | 844,460 |  |  | $ | 737,028 |  |  | $ | 735,074 |
Commercial, financial, and agricultural category includes $49.8 million in PPP loans as of September 30, 2020. Note 4—Loans-continued The detailed activity in the allowance for loan losses and the recorded investment in loans receivable as of and for the three months ended and nine months ended September 30, 2020 and September 30, 2019 and for the year ended December 31, 2019 is as follows:
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Real estate |  |  | Real estate |  |  | Consumer |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Real estate |  |  | Mortgage |  |  | Mortgage |  |  | Home |  |  | Consumer |  |  |  |  |  |  |
|  | Commercial |  |  | Construction |  |  | Residential |  |  | Commercial |  |  | equity |  |  | Other |  |  | Unallocated |  |  | Total |
Three months ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance June 30, 2020 |  | $ | 769 |  |  | $ | 165 |  |  | $ | 497 |  |  | $ | 6,469 |  |  | $ | 293 |  |  | $ | 132 |  |  | $ | 611 |  |  | $ | 8,936 |
Charge-offs |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (22 | ) |  |  | — |  |  |  | (25 | )
Recoveries |  |  | 118 |  |  |  | 2 |  |  |  | — |  |  |  | 4 |  |  |  | 1 |  |  |  | 15 |  |  |  | — |  |  |  | 140 |
Provision for loan losses |  |  | (59 | ) |  |  | 12 |  |  |  | 96 |  |  |  | 982 |  |  |  | 36 |  |  |  | (2 | ) |  |  | (3 | ) |  |  | 1,062 |
Ending balance September 30, 2020 |  | $ | 828 |  |  | $ | 177 |  |  | $ | 593 |  |  | $ | 7,454 |  |  | $ | 330 |  |  | $ | 123 |  |  | $ | 608 |  |  | $ | 10,113 |
Note 4—Loans-continued
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Real estate |  |  | Real estate |  |  | Consumer |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Real estate |  |  | Mortgage |  |  | Mortgage |  |  | Home |  |  | Consumer |  |  |  |  |  |  |
|  | Commercial |  |  | Construction |  |  | Residential |  |  | Commercial |  |  | equity |  |  | Other |  |  | Unallocated |  |  | Total |
Nine months ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance December 31, 2019 |  | $ | 427 |  |  | $ | 111 |  |  | $ | 367 |  |  | $ | 4,602 |  |  | $ | 240 |  |  | $ | 97 |  |  | $ | 783 |  |  | $ | 6,627 |
Charge-offs |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (70 | ) |  |  | — |  |  |  | (73 | )
Recoveries |  |  | 121 |  |  |  | 2 |  |  |  | — |  |  |  | 13 |  |  |  | 2 |  |  |  | 34 |  |  |  | — |  |  |  | 172 |
Provision for loan losses |  |  | 280 |  |  |  | 66 |  |  |  | 226 |  |  |  | 2,840 |  |  |  | 88 |  |  |  | 62 |  |  |  | (175 | ) |  |  | 3,387 |
Ending balance September 30, 2020 |  | $ | 828 |  |  | $ | 177 |  |  | $ | 593 |  |  | $ | 7,454 |  |  | $ | 330 |  |  | $ | 123 |  |  | $ | 608 |  |  | $ | 10,113 |
Ending balances: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |
Collectively evaluated for impairment |  |  | 828 |  |  |  | 177 |  |  |  | 593 |  |  |  | 7,451 |  |  |  | 330 |  |  |  | 123 |  |  |  | 608 |  |  |  | 10,110 |
September 30, 2020 Loans receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance-total |  | $ | 108,006 |  |  | $ | 89,250 |  |  | $ | 49,215 |  |  | $ | 561,932 |  |  | $ | 27,618 |  |  | $ | 8,439 |  |  | $ | — |  |  | $ | 844,460 |
Ending balances: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | — |  |  |  | — |  |  |  | 327 |  |  |  | 2,850 |  |  |  | 47 |  |  |  | — |  |  |  | — |  |  |  | 3,224 |
Collectively evaluated for impairment |  | $ | 108,006 |  |  | $ | 89,250 |  |  | $ | 48,888 |  |  | $ | 559,082 |  |  | $ | 27,571 |  |  | $ | 8,439 |  |  | $ | — |  |  | $ | 841,236 |
Note 4—Loans-continued
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Real estate |  |  | Real estate |  |  | Consumer |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Real estate |  |  | Mortgage |  |  | Mortgage |  |  | Home |  |  | Consumer |  |  |  |  |  |  |
|  | Commercial |  |  | Construction |  |  | Residential |  |  | Commercial |  |  | equity |  |  | Other |  |  | Unallocated |  |  | Total |
Three months ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance June 30, 2019 |  | $ | 435 |  |  | $ | 77 |  |  | $ | 404 |  |  | $ | 4,458 |  |  | $ | 247 |  |  | $ | 101 |  |  | $ | 640 |  |  | $ | 6,362 |
Charge-offs |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (30 | ) |  |  | — |  |  |  | (3 | )
Recoveries |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 180 |  |  |  | 14 |  |  |  | 15 |  |  |  | — |  |  |  | 209 |
Provision for loan losses |  |  | 30 |  |  |  | 14 |  |  |  | (19 | ) |  |  | (102 | ) |  |  | (20 | ) |  |  | 9 |  |  |  | (113 | ) |  |  | 25 |
Ending balance September 30, 2019 |  | $ | 459 |  |  | $ | 91 |  |  | $ | 385 |  |  | $ | 4,536 |  |  | $ | 241 |  |  | $ | 95 |  |  | $ | 753 |  |  | $ | 6,560 |
Note 4—Loans-continued
|  |  |  |  |  |  |  | Real estate |  |  | Real estate |  |  | Consumer |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Real estate |  |  | Mortgage |  |  | Mortgage |  |  | Home |  |  | Consumer |  |  |  |  |  |  |
|  | Commercial |  |  | Construction |  |  | Residential |  |  | Commercial |  |  | equity |  |  | Other |  |  | Unallocated |  |  | Total |
Nine months ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance December 31, 2018 |  | $ | 430 |  |  | $ | 89 |  |  | $ | 431 |  |  | $ | 4,318 |  |  | $ | 261 |  |  | $ | 88 |  |  | $ | 646 |  |  | $ | 6,263 |
Charge-offs |  |  | (8 | ) |  |  | — |  |  |  | (7 | ) |  |  | — |  |  |  | (1 | ) |  |  | (96 | ) |  |  | — |  |  |  | (112 | )
Recoveries |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 221 |  |  |  | 14 |  |  |  | 35 |  |  |  | — |  |  |  | 270 |
Provision for loan losses |  |  | 37 |  |  |  | 2 |  |  |  | (39 | ) |  |  | (3 | ) |  |  | (33 | ) |  |  | 68 |  |  |  | 107 |  |  |  | 139 |
Ending balance September 30, 2019 |  | $ | 459 |  |  | $ | 91 |  |  | $ | 385 |  |  | $ | 4,536 |  |  | $ | 241 |  |  | $ | 95 |  |  | $ | 753 |  |  | $ | 6,560 |
Ending balances: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | 10 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 14 |
Collectively evaluated for impairment |  |  | 455 |  |  |  | 91 |  |  |  | 385 |  |  |  | 4,526 |  |  |  | 241 |  |  |  | 95 |  |  |  | 753 |  |  |  | 6,546 |
September 30, 2019 Loans receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance-total |  | $ | 55,169 |  |  | $ | 58,737 |  |  | $ | 47,693 |  |  | $ | 534,554 |  |  | $ | 29,103 |  |  | $ | 9,818 |  |  | $ | — |  |  | $ | 735,074 |
Ending balances: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | — |  |  |  | — |  |  |  | 538 |  |  |  | 3,541 |  |  |  | 72 |  |  |  | — |  |  |  | — |  |  |  | 4,155 |
Collectively evaluated for impairment |  | $ | 55,165 |  |  | $ | 58,737 |  |  | $ | 47,155 |  |  | $ | 531,013 |  |  | $ | 29,031 |  |  | $ | 9,818 |  |  | $ | — |  |  | $ | 730,919 |
Note 4—Loans-continued
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Real estate |  |  | Real estate |  |  | Consumer |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Real estate |  |  | Mortgage |  |  | Mortgage |  |  | Home |  |  | Consumer |  |  |  |  |  |  |
|  | Commercial |  |  | Construction |  |  | Residential |  |  | Commercial |  |  | equity |  |  | Other |  |  | Unallocated |  |  | Total |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance December 31, 2018 |  | $ | 430 |  |  | $ | 89 |  |  | $ | 431 |  |  | $ | 4,318 |  |  | $ | 261 |  |  | $ | 88 |  |  | $ | 646 |  |  | $ | 6,263 |
Charge-offs |  |  | (12 | ) |  |  | — |  |  |  | (12 | ) |  |  | — |  |  |  | (1 | ) |  |  | (120 | ) |  |  | — |  |  |  | (145 | )
Recoveries |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 307 |  |  |  | 15 |  |  |  | 45 |  |  |  | — |  |  |  | 370 |
Provision for loan losses |  |  | 6 |  |  |  | 22 |  |  |  | (52 | ) |  |  | (23 | ) |  |  | (35 | ) |  |  | 84 |  |  |  | 137 |  |  |  | 139 |
Ending balance December 31, 2019 |  | $ | 427 |  |  | $ | 111 |  |  | $ | 367 |  |  | $ | 4,602 |  |  | $ | 240 |  |  | $ | 97 |  |  | $ | 783 |  |  | $ | 6,627 |
Ending balances: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 6 |
Collectively evaluated for impairment |  |  | 427 |  |  |  | 111 |  |  |  | 367 |  |  |  | 4,596 |  |  |  | 240 |  |  |  | 97 |  |  |  | 783 |  |  |  | 6,621 |
December 31, 2019 Loans receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance-total |  | $ | 51,805 |  |  | $ | 73,512 |  |  | $ | 45,357 |  |  | $ | 527,447 |  |  | $ | 28,891 |  |  | $ | 10,016 |  |  | $ | — |  |  | $ | 737,028 |
Ending balances: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  |  | 400 |  |  |  | — |  |  |  | 392 |  |  |  | 3,135 |  |  |  | 70 |  |  |  | — |  |  |  | — |  |  |  | 3,997 |
Collectively evaluated for impairment |  | $ | 51,405 |  |  | $ | 73,512 |  |  | $ | 44,965 |  |  | $ | 524,312 |  |  | $ | 28,821 |  |  | $ | 10,016 |  |  | $ | — |  |  | $ | 733,031 |
Related party loans and lines of credit are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated persons and generally do not involve more than the normal risk of collectability. The following table presents related party loan transactions for the nine months ended September 30, 2020 and September 30, 2019:
(Dollars in thousands) |  | 2020 |  |  | 2019 |
Beginning Balance January 1 |  | $ | 4,109 |  |  | $ | 5,937 |
New Loans |  |  | 86 |  |  |  | 111 |
Less loan repayments |  |  | 775 |  |  |  | 1,804 |
Ending Balance September 30 |  | $ | 3,420 |  |  | $ | 4,244 |
The following table presents at September 30, 2020 and December 31, 2019 loans individually evaluated and considered impaired under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing troubled debt restructurings (“TDRs”). Note 4—Loans-continued
(Dollars in thousands) |  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Total loans considered impaired |  | $ | 3,224 |  |  | $ | 3,997 |
Loans considered impaired for which there is a related allowance for loan loss: |  |  |  |  |  |  |  |
Outstanding loan balance |  | $ | 144 |  |  | $ | 256 |
Related allowance |  | $ | 3 |  |  | $ | 6 |
Loans considered impaired and previously written down to fair value |  | $ | 2,426 |  |  | $ | 2,275 |
Average impaired loans |  | $ | 3,524 |  |  | $ | 4,431 |
Amount of interest earned during period of impairment |  | $ | 85 |  |  | $ | 263 |
The following tables are by loan category and present at September 30, 2020, September 30, 2019 and December 31, 2019, loans individually evaluated and considered impaired under FASB ASC 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing TDRs.
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  | Nine months ended |  |  | Three months ended |
|  |  |  |  | Unpaid |  |  |  |  |  | Average |  |  | Interest |  |  | Average |  |  | Interest |
September 30, 2020 |  | Recorded |  |  | Principal |  |  | Related |  |  | Recorded |  |  | income |  |  | Recorded |  |  | Income |
|  | Investment |  |  | Balance |  |  | Allowance |  |  | Investment |  |  | Recognized |  |  | Investment |  |  | Recognized |
With no allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-residential |  |  | 327 |  |  |  | 405 |  |  |  | — |  |  |  | 337 |  |  |  | 11 |  |  |  | 323 |  |  |  | 9 |
Mortgage-commercial |  |  | 2,706 |  |  |  | 5,450 |  |  |  | — |  |  |  | 3,071 |  |  |  | 217 |  |  |  | 3,013 |  |  |  | 73 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity |  |  | 47 |  |  |  | 51 |  |  |  | — |  |  |  | 50 |  |  |  | 2 |  |  |  | 46 |  |  |  | 1 |
Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-commercial |  |  | 144 |  |  |  | 144 |  |  |  | 3 |  |  |  | 200 |  |  |  | 9 |  |  |  | 142 |  |  |  | 2 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-residential |  |  | 327 |  |  |  | 405 |  |  |  | — |  |  |  | 337 |  |  |  | 11 |  |  |  | 323 |  |  |  | 9 |
Mortgage-commercial |  |  | 2,850 |  |  |  | 5,594 |  |  |  | 3 |  |  |  | 3,271 |  |  |  | 226 |  |  |  | 3,155 |  |  |  | 75 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity |  |  | 47 |  |  |  | 51 |  |  |  | — |  |  |  | 50 |  |  |  | 2 |  |  |  | 46 |  |  |  | 1 |
Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 3,224 |  |  |  | 6,050 |  |  | $ | 3 |  |  | $ | 3,658 |  |  | $ | 239 |  |  | $ | 3,524 |  |  | $ | 85 |
Note 4—Loans-continued
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  | Nine months ended |  |  | Three months ended |
|  |  |  |  | Unpaid |  |  |  |  |  | Average |  |  | Interest |  |  | Average |  |  | Interest |
September 30, 2019 |  | Recorded |  |  | Principal |  |  | Related |  |  | Recorded |  |  | income |  |  | Recorded |  |  | Income |
|  | Investment |  |  | Balance |  |  | Allowance |  |  | Investment |  |  | Recognized |  |  | Investment |  |  | Recognized |
With no allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-residential |  |  | 538 |  |  |  | 603 |  |  |  | — |  |  |  | 594 |  |  |  | 16 |  |  |  | 537 |  |  |  | 12 |
Mortgage-commercial |  |  | 3,172 |  |  |  | 5,867 |  |  |  | — |  |  |  | 3,259 |  |  |  | 131 |  |  |  | 3,092 |  |  |  | 79 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity |  |  | 72 |  |  |  | 74 |  |  |  | — |  |  |  | 76 |  |  |  | 2 |  |  |  | 71 |  |  |  | 1 |
Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural |  |  | 4 |  |  |  | 4 |  |  |  | 4 |  |  |  | 4 |  |  |  | — |  |  |  | 4 |  |  |  | — |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-commercial |  |  | 369 |  |  |  | 369 |  |  |  | 10 |  |  |  | 421 |  |  |  | 19 |  |  |  | 326 |  |  |  | 6 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial, financial, agricultural |  | $ | 4 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-residential |  |  | 538 |  |  |  | 603 |  |  |  | — |  |  |  | 594 |  |  |  | 16 |  |  |  | 537 |  |  |  | 12 |
Mortgage-commercial |  |  | 3,541 |  |  |  | 6,236 |  |  |  | 10 |  |  |  | 3,680 |  |  |  | 150 |  |  |  | 3,418 |  |  |  | 85 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity |  |  | 72 |  |  |  | 74 |  |  |  | — |  |  |  | 76 |  |  |  | 2 |  |  |  | 71 |  |  |  | 1 |
Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 4,155 |  |  | $ | 6,917 |  |  | $ | 14 |  |  | $ | 4,354 |  |  | $ | 168 |  |  | $ | 4,030 |  |  | $ | 98 |
Note 4—Loans-continued
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2019 |  |  |  |  | Unpaid |  |  |  |  |  | Average |  |  | Interest |
|  | Recorded |  |  | Principal |  |  | Related |  |  | Recorded |  |  | Income |
|  | Investment |  |  | Balance |  |  | Allowance |  |  | Investment |  |  | Recognized |
With no allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 400 |  |  | $ | 400 |  |  | $ | — |  |  | $ | 600 |  |  | $ | 49 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-residential |  |  | 392 |  |  |  | 460 |  |  |  | — |  |  |  | 439 |  |  |  | 19 |
Mortgage-commercial |  |  | 2,879 |  |  |  | 5,539 |  |  |  | — |  |  |  | 2,961 |  |  |  | 170 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home Equity |  |  | 70 |  |  |  | 73 |  |  |  | — |  |  |  | 76 |  |  |  | 2 |
Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-commercial |  |  | 256 |  |  |  | 256 |  |  |  | 6 |  |  |  | 355 |  |  |  | 23 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home Equity |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  |  | 400 |  |  |  | 400 |  |  |  | — |  |  |  | 600 |  |  |  | 49 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Mortgage-residential |  |  | 392 |  |  |  | 460 |  |  |  | — |  |  |  | 439 |  |  |  | 19 |
Mortgage-commercial |  |  | 3,135 |  |  |  | 5,795 |  |  |  | 6 |  |  |  | 3,316 |  |  |  | 193 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home Equity |  |  | 70 |  |  |  | 73 |  |  |  | — |  |  |  | 76 |  |  |  | 2 |
Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 3,997 |  |  | $ | 6,728 |  |  | $ | 6 |  |  | $ | 4,431 |  |  | $ | 263 |
The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on a monthly basis. The Company uses the following definitions for risk ratings: Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Special mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Note 4—Loans-continued Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered as Pass rated loans. As of September 30, 2020 and December 31, 2019, and based on the most recent analysis performed, the risk category of loans by class of loans is shown in the table below. As of September 30, 2020 and December 31, 2019, no loans were classified as doubtful.
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2020 |  |  |  |  | Special |  |  |  |  |  |  |  |  |  |
|  | Pass |  |  | Mention |  |  | Substandard |  |  | Doubtful |  |  | Total |
Commercial, financial & agricultural |  | $ | 107,813 |  |  | $ | 193 |  |  | $ | — |  |  | $ | — |  |  | $ | 108,006 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | 89,250 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 89,250 |
Mortgage – residential |  |  | 48,448 |  |  |  | 197 |  |  |  | 570 |  |  |  | — |  |  |  | 49,215 |
Mortgage – commercial |  |  | 554,270 |  |  |  | 4,466 |  |  |  | 3,196 |  |  |  | — |  |  |  | 561,932 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home Equity |  |  | 26,204 |  |  |  | 98 |  |  |  | 1,316 |  |  |  | — |  |  |  | 27,618 |
Other |  |  | 8,416 |  |  |  | 23 |  |  |  | — |  |  |  | — |  |  |  | 8,439 |
Total |  | $ | 834,401 |  |  | $ | 4,977 |  |  | $ | 5,082 |  |  | $ | — |  |  | $ | 844,460 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2019 |  |  |  |  | Special |  |  |  |  |  |  |  |  |  |
|  | Pass |  |  | Mention |  |  | Substandard |  |  | Doubtful |  |  | Total |
Commercial, financial & agricultural |  | $ | 51,166 |  |  | $ | 239 |  |  | $ | 400 |  |  | $ | — |  |  | $ | 51,805 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | 73,512 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 73,512 |
Mortgage – residential |  |  | 44,221 |  |  |  | 509 |  |  |  | 627 |  |  |  | — |  |  |  | 45,357 |
Mortgage – commercial |  |  | 521,072 |  |  |  | 2,996 |  |  |  | 3,379 |  |  |  | — |  |  |  | 527,447 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home Equity |  |  | 27,450 |  |  |  | 1,157 |  |  |  | 284 |  |  |  | — |  |  |  | 28,891 |
Other |  |  | 9,981 |  |  |  | 35 |  |  |  | — |  |  |  | — |  |  |  | 10,016 |
Total |  | $ | 727,402 |  |  | $ | 4,936 |  |  | $ | 4,690 |  |  | $ | — |  |  | $ | 737,028 |
At September 30, 2020 and December 31, 2019, non-accrual loans totaled $1.7 million and $2.3 million, respectively. TDRs that are still accruing and included in impaired loans at September 30, 2020 and at December 31, 2019 amounted to $1.6 million and $1.7 million, respectively. Loans greater than 90 days delinquent and still accruing interest were $33.7 thousand and $0.3 thousand at September 30, 2020 and December 31, 2019, respectively. Acquired credit-impaired loans are accounted for under the accounting guidance for loans and debt securities acquired with deteriorated credit quality, found in FASB ASC Topic 310-30 “Receivables—Loans and Debt Securities Acquired with Deteriorated Credit Quality,” and initially measured at fair value, which includes estimated future credit losses expected to be incurred over the life of the loans. Loans acquired in business combinations with evidence of credit deterioration are considered impaired. Loans acquired through business combinations that do not meet the specific criteria of FASB ASC Topic 310-30, but for which a discount is attributable, at least in part to credit quality, are also accounted for under this guidance. Certain acquired loans, including performing loans and revolving lines of credit (consumer and commercial), are accounted for in accordance with FASB ASC Topic 310-20, where the discount is accreted through earnings based on estimated cash flows over the estimated life of the loan. Note 4—Loans-continued A summary of changes in the accretable yield for purchased credit-impaired loans for the three months and nine months ended September 30, 2020 and September 30, 2019 follows:
(Dollars in thousands) |  | Three Months Ended September 30, 2020 |  |  | Three Months Ended September 30, 2019 |
Accretable yield, beginning of period |  | $ | 108 |  |  | $ | 138 |
Additions |  |  | — |  |  |  | — |
Accretion |  |  | (7 | ) |  |  | (8 | )
Reclassification of nonaccretable difference due to improvement in expected cash flows |  |  | — |  |  |  | — |
Other changes, net |  |  | — |  |  |  | — |
Accretable yield, end of period |  | $ | 101 |  |  | $ | 130 |
(Dollars in thousands) |  | Nine Months Ended September 30, 2020 |  |  | Nine Months Ended September 30, 2019 |
Accretable yield, beginning of period |  | $ | 123 |  |  | $ | 153 |
Additions |  |  | — |  |  |  | — |
Accretion |  |  | (22 | ) |  |  | (23 | )
Reclassification of nonaccretable difference due to improvement in expected cash flows |  |  | — |  |  |  | — |
Other changes, net |  |  | — |  |  |  | — |
Accretable yield, end of period |  | $ | 101 |  |  | $ | 130 |
At September 30, 2020 and December 31, 2019, the recorded investment in purchased impaired loans was $110 thousand and $112 thousand, respectively. The unpaid principal balance was $176 thousand and $190 thousand at September 30, 2020 and December 31, 2019, respectively. At September 30, 2020 and December 31, 2019, these loans were all secured by commercial real estate. Note 4—Loans-continued The following tables are by loan category and present loans past due and on non-accrual status as of September 30, 2020 and December 31, 2019:
(Dollars in thousands) |  |  |  |  |  |  |  | Greater than |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 30-59 Days |  |  | 60-89 Days |  |  | 90 Days and |  |  |  |  |  | Total |  |  |  |  |  |  |
September 30, 2020 |  | Past Due |  |  | Past Due |  |  | Accruing |  |  | Nonaccrual |  |  | Past Due |  |  | Current |  |  | Total Loans |
Commercial |  | $ | 19 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,282 |  |  | $ | 1,301 |  |  | $ | 106,705 |  |  | $ | 108,006 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | 158 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 158 |  |  |  | 89,092 |  |  |  | 89,250 |
Mortgage-residential |  |  | 12 |  |  |  | 412 |  |  |  | 34 |  |  |  | 327 |  |  |  | 785 |  |  |  | 48,430 |  |  |  | 49,215 |
Mortgage-commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 561,932 |  |  |  | 561,932 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity |  |  | 10 |  |  |  | — |  |  |  | — |  |  |  | 47 |  |  |  | 57 |  |  |  | 27,561 |  |  |  | 27,618 |
Other |  |  | 27 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 27 |  |  |  | 8,412 |  |  |  | 8,439 |
|  | $ | 226 |  |  | $ | 412 |  |  | $ | 34 |  |  | $ | 1,656 |  |  | $ | 2,328 |  |  | $ | 842,132 |  |  | $ | 844,460 |
(Dollars in thousands) |  |  |  |  |  |  |  | Greater than |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 30-59 Days |  |  | 60-89 Days |  |  | 90 Days and |  |  |  |  |  | Total |  |  |  |  |  |  |
December 31, 2019 |  | Past Due |  |  | Past Due |  |  | Accruing |  |  | Nonaccrual |  |  | Past Due |  |  | Current |  |  | Total Loans |
Commercial |  | $ | — |  |  | $ | 99 |  |  | $ | — |  |  | $ | 400 |  |  | $ | 499 |  |  | $ | 51,306 |  |  | $ | 51,805 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | 113 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 113 |  |  |  | 73,399 |  |  |  | 73,512 |
Mortgage-residential |  |  | 151 |  |  |  | — |  |  |  | — |  |  |  | 392 |  |  |  | 543 |  |  |  | 44,814 |  |  |  | 45,357 |
Mortgage-commercial |  |  | 39 |  |  |  | — |  |  |  | — |  |  |  | 1,467 |  |  |  | 1,506 |  |  |  | 525,941 |  |  |  | 527,447 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity |  |  | 2 |  |  |  | 9 |  |  |  | — |  |  |  | 70 |  |  |  | 81 |  |  |  | 28,810 |  |  |  | 28,891 |
Other |  |  | 40 |  |  |  | 23 |  |  |  | — |  |  |  | — |  |  |  | 63 |  |  |  | 9,953 |  |  |  | 10,016 |
|  | $ | 345 |  |  | $ | 131 |  |  | $ | — |  |  | $ | 2,329 |  |  | $ | 2,805 |  |  | $ | 734,223 |  |  | $ | 737,028 |
The Company identifies TDRs as impaired under the guidance in ASC 310-10-35. There were no loans determined to be TDRs that were restructured during the three-month periods ended September 30, 2020 and September 30, 2019. During the nine-month periods ended September 30, 2020 and September 30, 2019, there were no loans determined to be TDRs in the previous twelve months that had payment defaults. Defaulted loans are those loans that are greater than 89 days past due. In the determination of the allowance for loan losses, all TDRs are reviewed to ensure that one of the three proper valuation methods (fair market value of the collateral, present value of cash flows, or observable market price) is adhered to. All non-accrual loans are written down to their corresponding collateral value. All troubled TDR accruing loans that have a loan balance that exceeds the present value of cash flows will have a specific allocation. All nonaccrual loans are considered impaired. Under ASC 310-10, a loan is impaired when it is probable that the Company will be unable to collect all amounts due including both principal and interest according to the contractual terms of the loan agreement. In accordance with interagency guidance issued in March 2020, short term deferrals granted due to the COVID-19 pandemic are not considered TDRs unless the borrower was previously experiencing financial difficulty.

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