Troubled Debt Restructurings Troubled Debt Restructurings (Tables)

6 Months Ended

Jun. 30, 2020

Troubled Debt Restructurings on Financing Receivables

There were fourteen (14) TDR loans totaling $2.7 million at June 30, 2020. At December 31, 2019, there were eighteen (18) TDR loans totaling $3 million. Three loans, totaling $145 thousand, were in nonaccrual status at June 30, 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 June 30, 2020 or December 31, 2019.

During the three and six months ended June 30, 2020 and 2019, the Company classified no additional loans as troubled debt restructurings. As of June 30, 2020, the Company had approved 247 deferrals of interest and/or principal payments with respect to loan balances totaling approximately $145.9 million for its customers experiencing hardships related to COVID-19. 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 Coronavirus Aid, Relief and Economic Security ("CARES") Act and recent interagency regulatory guidance. As of July 24, 2020, 147 of these loans with loan balances totaling approximately $70.2 million had begun making payments on their loans after the deferral date had passed. The majority of the remainder of these loans are still in their original deferral period, have been granted and additional deferral or have paid off.

Loans By Class Of Financing Receivable Modified As TDRs




	Six Months Ended
	June 30, 2019
	(dollars in thousands)
	Number of Contracts	Recorded Investment
Residential:
Single family	1	$	76
Total	1	$	76