Troubled Debt Restructurings Troubled Debt Restructurings (Tables)

3 Months Ended

Mar. 31, 2020

Troubled Debt Restructurings on Financing Receivables

There were seventeen (17) TDR loans totaling $2.7 million at March 31, 2020. At December 31, 2019, there were eighteen (18) TDR loans totaling $3.0 million. Three loans, totaling $155 thousand, were in nonaccrual status at March 31, 2020. Four loans, totaling $401 thousand, were in nonaccrual status at December 31, 2019. There were no outstanding commitments to lend additional amounts to troubled debt restructured borrowers at March 31, 2020 or December 31, 2019.

During the three months ended March 31, 2020 and 2019, the Company classified no additional loans as troubled debt restructurings. As of March 31, 2020, the Company had executed principal and/or interest deferrals on outstanding loan balances of $52.9 million during the first quarter of 2020. These deferrals were no more than six months in duration and were for loans not more than 30 days past due as of December 31, 2019. As such, they were not considered troubled debt restructurings based on the relief provisions of the CARES Act and recent interagency regulatory guidance. In the period subsequent to March 31, 2020 and through April 30, 2020, the Company executed additional deferrals of principal and/or interest on outstanding loan balances of $44.1 million.

Loans By Class Of Financing Receivable Modified As TDRs



	Three Months Ended
	March 31, 2019
	(dollars in thousands)
	Number of Contracts	Recorded Investment
Single family	1	$	79
Total	1	$	79