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Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2018

Receivables [Abstract]

Schedule Of Composition Of Loans

The composition of loans at September 30, 2018 and December 31, 2017 was as follows:

		September 30,				December 31,
		2018				2017
		(in thousands)
Mortgage loans on real estate:
Construction and land development		$	56,168			$	43,786
Secured by farmland		6,394				8,568
Secured by 1-4 family residential properties		221,848				223,210
Multifamily		7,482				4,095
Commercial		252,539				239,915
Commercial and industrial loans		36,549				37,427
Consumer installment loans		9,367				10,187
All other loans		8,552				2,050
Total loans		$	598,899			$	569,238
Net deferred loan fees		(432		)		(421		)
Allowance for loan losses		(4,713		)		(4,411		)
Net Loans		$	593,754			$	564,406

Changes In Allowance For Loan Losses

Changes in the allowance for loan losses for the nine months ended September 30, 2018 and 2017 and the year ended December 31, 2017 were as follows:

	Nine Months Ended				Year Ended				Nine Months Ended
	September 30,				December 31,				September 30,
	2018				2017				2017
					(in thousands)
Balance, beginning	$	4,411			$	4,505			$	4,505
Provision for (recovery of) loan losses	248				(625		)		(759		)
Recoveries added to the allowance	240				901				908
Loan losses charged to the allowance	(186		)		(370		)		(210		)
Balance, ending	$	4,713			$	4,411			$	4,444

Nonaccrual And Past Due Loans By Class

Nonaccrual and past due loans by class at September 30, 2018 and December 31, 2017 were as follows:

	September 30, 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			$	—			$	—			$	17			$	36,532			$	36,549			$	—			$	135
Commercial Real Estate:
Owner Occupied	—				91				—				91				131,569				131,660				—				—
Non-owner occupied	—				—				—				—				120,879				120,879				—				373
Construction and Farmland:
Residential	—				—				—				—				8,482				8,482				—				—
Commercial	283				—				—				283				53,797				54,080				—				—
Consumer:
Installment	4				3				—				7				9,360				9,367				—				1
Residential:
Equity Lines	—				—				—				—				32,981				32,981				—				99
Single family	1,904				129				220				2,253				186,614				188,867				—				537
Multifamily	—				—				—				—				7,482				7,482				—				—
All Other Loans	—				—				—				—				8,552				8,552				—				—
Total	$	2,208			$	223			$	220			$	2,651			$	596,248			$	598,899			$	—			$	1,145

	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 September 30, 2018 and December 31, 2017 were as follows:

	As of and for the Nine Months Ended
	September 30, 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	—				(3		)		—				(122		)		(28		)		(33		)		—				(186		)
Recoveries	28				24				75				85				16				12				—				240
(Recovery of) provision for loan losses	256				51				77				(213		)		5				102				(30		)		248
Ending balance	$	616			$	1,826			$	1,779			$	320			$	62			$	110			$	—			$	4,713
Ending balance: Individually evaluated for impairment	$	—			$	158			$	55			$	—			$	—			$	—			$	—			$	213
Ending balance: collectively evaluated for impairment	$	616			$	1,668			$	1,724			$	320			$	62			$	110			$	—			$	4,500
Loans:
Ending balance	$	62,562			$	229,330			$	252,539			$	36,549			$	9,367			$	8,552			$	—			$	598,899
Ending balance individually evaluated for impairment	$	290			$	4,425			$	1,266			$	379			$	1			$	—			$	—			$	6,361
Ending balance collectively evaluated for impairment	$	62,272			$	224,905			$	251,273			$	36,170			$	9,366			$	8,552			$	—			$	592,538

	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

Effect On Loan Loss Provision, Changes In Methodology

Beginning with the quarter ended September 30, 2018, the Company changed its allowance methodology for the look-back period used in calculating the loss history portion of the general reserves assigned to unimpaired credits. During this quarter, management determined it necessary to extend the loss history period utilized in the calculation from five years to seven years in light of current trends for growth and asset quality, as well as the ongoing economic cycle and the Bank's overall lending environment. The Company believes that the expanded loss history is more indicative of the losses and risks inherent in the portfolio.

The following table represents the effect on the loan loss provision for the nine months ended September 30, 2018 as a result of the change in allowance methodology from that used in prior periods.

(in thousands)		Calculated Provision Based on Current Methodology				Calculated Provision Based on Prior Methodology				Difference
Portfolio Segment:
Construction and Farmland		$	256			$	47			$	209
Residential Real Estate		51				(121		)		172
Commercial Real Estate		77				(64		)		141
Commercial		(213		)		(279		)		66
Consumer		5				(1		)		6
All Other Loans		102				92				10
Total, excluding unallocated		$	278			$	(326	)		$	604

Impaired Loans By Class

Impaired loans by class as of and for the periods ended September 30, 2018 and December 31, 2017 were as follows:

	As of and for the Nine Months Ended
	September 30, 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	$	594			$	380			$	—			$	432			$	20
Commercial Real Estate:
Owner Occupied	—				—				—				—				—
Non-owner occupied	526				474				—				479				—
Construction and Farmland:
Residential	—				—				—				—				—
Commercial	340				290				—				301				21
Consumer:
Installment	1				1				—				1				—
Residential:
Equity lines	251				59				—				60				—
Single family	3,081				2,856				—				2,912				87
Multifamily	287				288				—				290				10
Other Loans	—				—				—				—				—
	$	5,080			$	4,348			$	—			$	4,475			$	138
With an allowance recorded:
Commercial - Non Real Estate:
Commercial & Industrial	$	—			$	—			$	—			$	—			$	—
Commercial Real Estate:
Owner Occupied	—				—				—				—				—
Non-owner occupied	793				794				55				801				27
Construction and Farmland:
Residential	—				—				—				—				—
Commercial	—				—				—				—				—
Consumer:
Installment	—				—				—				—				—
Residential:
Equity lines	217				40				40				40				—
Single family	1,248				1,194				118				1,205				41
Multifamily	—				—				—				—				—
Other Loans	—				—				—				—				—
	$	2,258			$	2,028			$	213			$	2,046			$	68
Total:
Commercial	$	594			$	380			$	—			$	432			$	20
Commercial Real Estate	1,319				1,268				55				1,280				27
Construction and Farmland	340				290				—				301				21
Consumer	1				1				—				1				—
Residential	5,084				4,437				158				4,507				138
Other	—				—				—				—				—
Total	$	7,338			$	6,376			$	213			$	6,521			$	206

(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 $15 thousand at September 30, 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 September 30, 2018 and December 31, 2017 was as follows:

	As of
	September 30, 2018
	(in thousands)
INTERNAL RISK RATING GRADES	Pass				Pass Monitored				Special Mention				Substandard				Doubtful				Loss				Total
Commercial - Non Real Estate:
Commercial & Industrial	$	31,496			$	2,646			$	2,251			$	156			$	—			$	—			$	36,549
Commercial Real Estate:
Owner Occupied	111,853				10,614				9,153				40				—				—				131,660
Non-owner occupied	98,573				16,828				3,363				2,115				—				—				120,879
Construction and Farmland:
Residential	6,339				2,143				—				—				—				—				8,482
Commercial	17,925				22,549				13,248				358				—				—				54,080
Residential:
Equity Lines	32,296				586				—				17				82				—				32,981
Single family	173,083				10,231				3,157				2,249				147				—				188,867
Multifamily	6,709				486				—				287				—				—				7,482
All other loans	8,533				19				—				—				—				—				8,552
Total	$	486,807			$	66,102			$	31,172			$	5,222			$	229			$	—			$	589,532

	Performing				Nonperforming
Consumer Credit Exposure by Payment Activity	$	9,360			$	7

	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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