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Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Schedule Of Composition Of Loans

The composition of loans at March 31, 2018 and December 31, 2017 was as follows:

		March 31,				December 31,
		2018				2017
		(in thousands)
Mortgage loans on real estate:
Construction and land development		$	48,276			$	43,786
Secured by farmland		8,351				8,568
Secured by 1-4 family residential properties		218,030				223,210
Multifamily		4,030				4,095
Commercial		245,909				239,915
Commercial and industrial loans		38,498				37,427
Consumer installment loans		9,471				10,187
All other loans		9,468				2,050
Total loans		$	582,033			$	569,238
Net deferred loan fees		(428		)		(421		)
Allowance for loan losses		(4,530		)		(4,411		)
Net Loans		$	577,075			$	564,406

Changes In Allowance For Loan Losses

Changes in the allowance for loan losses for the three months ended March 31, 2018 and 2017 and the year ended December 31, 2017 were as follows:

	Three Months Ended				Year Ended				Three Months Ended
	March 31,				December 31,				March 31,
	2018				2017				2017
					(in thousands)
Balance, beginning	$	4,411			$	4,505			$	4,505
Provision for (recovery of) loan losses	205				(625		)		(527		)
Recoveries added to the allowance	52				901				502
Loan losses charged to the allowance	(138		)		(370		)		(62		)
Balance, ending	$	4,530			$	4,411			$	4,418

Nonaccrual And Past Due Loans By Class

Nonaccrual and past due loans by class at March 31, 2018 and December 31, 2017 were as follows:

	March 31, 2018
	(in thousands)
	30 - 59 Days Past Due				60 - 89 Days Past Due				90 or More Days Past Due				Total Past Due				Current				Total Loans				90 or More Days Past  Due Still Accruing				Nonaccrual Loans
Commercial - Non Real Estate:
Commercial & Industrial	$	—			$	17			$	75			$	92			$	38,406			$	38,498			$	—			$	331
Commercial Real Estate:
Owner Occupied	—				—				—				—				132,667				132,667				—				—
Non-owner occupied	175				239				—				414				112,828				113,242				—				747
Construction and Farmland:
Residential	—				—				—				—				7,288				7,288				—				—
Commercial	—				—				—				—				49,339				49,339				—				—
Consumer:
Installment	9				—				9				18				9,453				9,471				—				10
Residential:
Equity Lines	—				—				18				18				31,654				31,672				18				43
Single family	334				74				294				702				185,656				186,358				—				669
Multifamily	—				—				—				—				4,030				4,030				—				—
All Other Loans	240				—				—				240				9,228				9,468				—				—
Total	$	758			$	330			$	396			$	1,484			$	580,549			$	582,033			$	18			$	1,800

	December 31, 2017
	(in thousands)
	30 - 59 Days Past Due				60 - 89 Days Past Due				90 or More Days Past Due				Total Past Due				Current				Total Loans				90 or More Past Due  Still Accruing				Nonaccrual Loans
Commercial - Non Real Estate:
Commercial & Industrial	$	75			$	10			$	142			$	227			$	37,200			$	37,427			$	—			$	594
Commercial Real Estate:
Owner Occupied	—				—				—				—				127,018				127,018				—				—
Non-owner occupied	—				368				—				368				112,529				112,897				—				767
Construction and Farmland:
Residential	—				—				—				—				3,214				3,214				—				—
Commercial	187				—				—				187				48,953				49,140				—				—
Consumer:
Installment	17				—				2				19				10,168				10,187				—				13
Residential:
Equity Lines	18				—				—				18				32,820				32,838				—				44
Single family	829				572				4,060				5,461				184,911				190,372				—				4,921
Multifamily	—				—				—				—				4,095				4,095				—				—
All Other Loans	—				—				—				—				2,050				2,050				—				—
Total	$	1,126			$	950			$	4,204			$	6,280			$	562,958			$	569,238			$	—			$	6,339

Allowance For Loan Losses By Segment

Allowance for loan losses by segment at March 31, 2018 and December 31, 2017 were as follows:

	As of and for the Three Months Ended
	March 31, 2018
	(in thousands)
	Construction and Farmland				Residential				Commercial Real Estate				Commercial - Non Real Estate				Consumer				All Other Loans				Unallocated				Total
Allowance for credit losses:
Beginning Balance	$	332			$	1,754			$	1,627			$	570			$	69			$	29			$	30			$	4,411
Charge-Offs	—				—				—				(122		)		(1		)		(15		)		—				(138		)
Recoveries	11				8				2				20				7				4				—				52
(Recovery of) provision for loan losses	19				(51		)		35				35				(10		)		95				82				205
Ending balance	$	362			$	1,711			$	1,664			$	503			$	65			$	113			$	112			$	4,530
Ending balance: Individually evaluated for impairment	$	—			$	167			$	58			$	92			$	9			$	—			$	—			$	326
Ending balance: collectively evaluated for impairment	$	362			$	1,544			$	1,606			$	411			$	56			$	113			$	112			$	4,204
Loans:
Ending balance	$	56,627			$	222,060			$	245,909			$	38,498			$	9,471			$	9,468			$	—			$	582,033
Ending balance individually evaluated for impairment	$	306			$	3,947			$	1,877			$	574			$	10			$	—			$	—			$	6,714
Ending balance collectively evaluated for impairment	$	56,321			$	218,113			$	244,032			$	37,924			$	9,461			$	9,468			$	—			$	575,319

	As of and for the Twelve Months Ended
	December 31, 2017
	(in thousands)
	Construction and Farmland				Residential				Commercial Real Estate				Commercial - Non Real Estate				Consumer				All Other Loans				Unallocated				Total
Allowance for credit losses:
Beginning Balance	$	450			$	1,992			$	1,522			$	235			$	69			$	22			$	215			$	4,505
Charge-Offs	(19		)		(55		)		(1		)		(187		)		(59		)		(49		)		—				(370		)
Recoveries	535				212				65				44				40				5				—				901
(Recovery of) provision for loan losses	(634		)		(395		)		41				478				19				51				(185		)		(625		)
Ending balance	$	332			$	1,754			$	1,627			$	570			$	69			$	29			$	30			$	4,411
Ending balance: Individually evaluated for impairment	$	—			$	195			$	59			$	195			$	9			$	—			$	—			$	458
Ending balance: collectively evaluated for impairment	$	332			$	1,559			$	1,568			$	375			$	60			$	29			$	30			$	3,953
Loans:
Ending balance	$	52,354			$	227,305			$	239,915			$	37,427			$	10,187			$	2,050			$	—			$	569,238
Ending balance individually evaluated for impairment	$	315			$	8,315			$	1,904			$	858			$	34			$	—			$	—			$	11,426
Ending balance collectively evaluated for impairment	$	52,039			$	218,990			$	238,011			$	36,569			$	10,153			$	2,050			$	—			$	557,812

Impaired Loans By Class

Impaired loans by class as of and for the periods ended March 31, 2018 and December 31, 2017 were as follows:

	As of and for the Three Months Ended
	March 31, 2018
	(in thousands)
	Unpaid Principal Balance				Recorded Investment (1)				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no related allowance:
Commercial - Non Real Estate:
Commercial & Industrial	$	740			$	482			$	—			$	505			$	7
Commercial Real Estate:
Owner Occupied	328				328				—				330				4
Non-owner occupied	795				747				—				752				—
Construction and Farmland:
Residential	—				—				—				—				—
Commercial	354				307				—				311				7
Consumer:
Installment	2				2				—				2				—
Residential:
Equity lines	—				—				—				—				—
Single family	3,123				2,705				—				2,904				25
Multifamily	—				—				—				—				—
Other Loans	—				—				—				—				—
	$	5,342			$	4,571			$	—			$	4,804			$	43
With an allowance recorded:
Commercial - Non Real Estate:
Commercial & Industrial	$	92			$	92			$	92			$	92			$	—
Commercial Real Estate:
Owner Occupied	—				—				—				—				—
Non-owner occupied	801				804				58				806				9
Construction and Farmland:
Residential	—				—				—				—				—
Commercial	—				—				—				—				—
Consumer:
Installment	9				9				9				9				—
Residential:
Equity lines	217				43				43				43				—
Single family	1,263				1,211				124				1,215				14
Multifamily	—				—				—				—				—
Other Loans	—				—				—				—				—
	$	2,382			$	2,159			$	326			$	2,165			$	23
Total:
Commercial	$	832			$	574			$	92			$	597			$	7
Commercial Real Estate	1,924				1,879				58				1,888				13
Construction and Farmland	354				307				—				311				7
Consumer	11				11				9				11				—
Residential	4,603				3,959				167				4,162				39
Other	—				—				—				—				—
Total	$	7,724			$	6,730			$	326			$	6,969			$	66

(1) Recorded investment is defined as the summation of the outstanding principal balance, accrued interest, net deferred loan fees or costs, and any partial charge-offs. Accrued interest and net deferred loan fees or costs totaled $16 thousand at March 31, 2018.

	As of and for the Twelve Months End
	December 31, 2017
	(in thousands)
	Unpaid Principal Balance				Recorded Investment (1)				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no related allowance:
Commercial - Non Real Estate:
Commercial & Industrial	$	626			$	304			$	—			$	342			$	23
Commercial Real Estate:
Owner Occupied	330				331				—				336				15
Non-owner occupied	805				767				—				785				20
Construction and Farmland:
Residential	—				—				—				—				—
Commercial	362				316				—				330				28
Consumer:
Installment	25				25				—				27				1
Residential:
Equity lines	—				—				—				—				—
Single family	7,371				6,985				—				7,069				124
Multifamily	—				—				—				—				—
Other Loans	—				—				—				—				—
	$	9,519			$	8,728			$	—			$	8,889			$	211
With an allowance recorded:
Commercial - Non Real Estate:
Commercial & Industrial	$	595			$	556			$	195			$	567			$	17
Commercial Real Estate:
Owner Occupied	—				—				—				—				—
Non-owner occupied	806				809				59				817				37
Construction and Farmland:
Residential	—				—				—				—				—
Commercial	—				—				—				—				—
Consumer:
Installment	9				9				9				9				—
Residential:
Equity lines	217				44				44				45				—
Single family	1,349				1,299				151				1,315				57
Multifamily	—				—				—				—				—
Other Loans	—				—				—				—				—
	$	2,976			$	2,717			$	458			$	2,753			$	111
Total:
Commercial	$	1,221			$	860			$	195			$	909			$	40
Commercial Real Estate	1,941				1,907				59				1,938				72
Construction and Farmland	362				316				—				330				28
Consumer	34				34				9				36				1
Residential	8,937				8,328				195				8,429				181
Other	—				—				—				—				—
Total	$	12,495			$	11,445			$	458			$	11,642			$	322

Credit Quality Information By Class

Credit quality information by class at March 31, 2018 and December 31, 2017 was as follows:

	As of
	March 31, 2018
	(in thousands)
INTERNAL RISK RATING GRADES	Pass				Pass Monitored				Special Mention				Substandard				Doubtful				Loss				Total
Commercial - Non Real Estate:
Commercial & Industrial	$	34,691			$	1,633			$	1,837			$	337			$	—			$	—			$	38,498
Commercial Real Estate:
Owner Occupied	116,817				10,525				4,997				328				—				—				132,667
Non-owner occupied	81,000				19,344				12,151				747				—				—				113,242
Construction and Farmland:
Residential	6,498				98				692				—				—				—				7,288
Commercial	25,089				23,944				—				306				—				—				49,339
Residential:
Equity Lines	31,330				299				—				—				43				—				31,672
Single family	178,103				5,625				389				2,058				183				—				186,358
Multifamily	2,668				500				862				—				—				—				4,030
All other loans	9,468				—				—				—				—				—				9,468
Total	$	485,664			$	61,968			$	20,928			$	3,776			$	226			$	—			$	572,562

	Performing				Nonperforming
Consumer Credit Exposure by Payment Activity	$	9,453			$	18

	As of
	December 31, 2017
	(in thousands)
INTERNAL RISK RATING GRADES	Pass				Pass Monitored				Special Mention				Substandard				Doubtful				Loss				Total
Commercial - Non Real Estate:
Commercial & Industrial	$	33,279			$	1,788			$	1,748			$	612			$	—			$	—			$	37,427
Commercial Real Estate:
Owner Occupied	112,649				10,893				3,146				330				—				—				127,018
Non-owner occupied	82,050				17,992				12,088				767				—				—				112,897
Construction and Farm land:
Residential	2,614				600				—				—				—				—				3,214
Commercial	30,093				17,069				1,663				315				—				—				49,140
Residential:
Equity Lines	32,495				299				—				—				44				—				32,838
Single family	177,829				5,869				155				6,327				192				—				190,372
Multifamily	3,588				—				507				—				—				—				4,095
All other loans	2,050				—				—				—				—				—				2,050
Total	$	476,647			$	54,510			$	19,307			$	8,351			$	236			$	—			$	559,051

	Performing				Nonperforming
Consumer Credit Exposure by Payment Activity	$	10,168			$	19

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Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524

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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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 55
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-URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525

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+ References

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-Publisher FASB
-Name Accounting Standards Codification
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