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Loans and Allowance for Loan Losses (Tables) | 9 Months Ended
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Sep. 30, 2020
Receivables [Abstract] |
Schedule Of Composition Of Loans | The composition of loans at September 30, 2020 and December 31, 2019 was as follows:
|  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (in thousands) |
Mortgage loans on real estate: |  |  |  |  |  |  |  |
Construction and land development |  | $ | 47,243 |  |  | $ | 42,561 |
Secured by farmland |  |  | 15,745 |  |  |  | 13,917 |
Secured by 1-4 family residential properties |  |  | 247,114 |  |  |  | 219,580 |
Multifamily |  |  | 21,583 |  |  |  | 14,415 |
Commercial |  |  | 312,448 |  |  |  | 286,600 |
Commercial and industrial loans |  |  | 134,233 |  |  |  | 46,543 |
Consumer installment loans |  |  | 16,166 |  |  |  | 9,541 |
All other loans |  |  | 10,947 |  |  |  | 12,050 |
Total loans |  | $ | 805,479 |  |  | $ | 645,207 |
Net deferred loan (costs) fees |  |  | 222 |  |  |  | (447 | )
Allowance for loan losses |  |  | (6,661 | ) |  |  | (4,973 | )
|  | $ | 799,040 |  |  | $ | 639,787 |
Changes In Allowance For Loan Losses | Changes in the allowance for loan losses for the nine months ended September 30, 2020 and 2019 and the year ended December 31, 2019 were as follows:
|  | Nine Months Ended |  |  | Year Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | December 31, |  |  | September 30, |
|  | 2020 |  |  | 2019 |  |  | 2019 |
|  |  |  |  |  | (in thousands) |  |  |  |  |
Balance, beginning |  | $ | 4,973 |  |  | $ | 5,456 |  |  | $ | 5,456 |
Provision charged to operating expense |  |  | 755 |  |  |  | 629 |  |  |  | 567 |
Recoveries added to the allowance |  |  | 1,097 |  |  |  | 201 |  |  |  | 150 |
Loan losses charged to the allowance |  |  | (164 | ) |  |  | (1,313 | ) |  |  | (1,282 | )
Balance, ending |  | $ | 6,661 |  |  | $ | 4,973 |  |  | $ | 4,891 |
Nonaccrual And Past Due Loans By Class | Nonaccrual and past due loans by class at September 30, 2020 and December 31, 2019 were as follows:
|  | September 30, 2020 |
|  | (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 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 134,233 |  |  | $ | 134,233 |  |  | $ | — |  |  | $ | — |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner Occupied |  |  | 50 |  |  |  | 157 |  |  |  | — |  |  |  | 207 |  |  |  | 163,247 |  |  |  | 163,454 |  |  |  | — |  |  |  | 1,253 |
Non-owner occupied |  |  | — |  |  |  | 125 |  |  |  | — |  |  |  | 125 |  |  |  | 148,869 |  |  |  | 148,994 |  |  |  | — |  |  |  | 1,782 |
Construction and Farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11,356 |  |  |  | 11,356 |  |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | 187 |  |  |  | 187 |  |  |  | 51,445 |  |  |  | 51,632 |  |  |  | — |  |  |  | 187 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 16,165 |  |  |  | 16,166 |  |  |  | — |  |  |  | 6 |
Residential: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity Lines |  |  | — |  |  |  | 12 |  |  |  | — |  |  |  | 12 |  |  |  | 30,513 |  |  |  | 30,525 |  |  |  | — |  |  |  | 47 |
Single family |  |  | 177 |  |  |  | 322 |  |  |  | 442 |  |  |  | 941 |  |  |  | 215,648 |  |  |  | 216,589 |  |  |  | — |  |  |  | 1,011 |
Multifamily |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 21,583 |  |  |  | 21,583 |  |  |  | — |  |  |  | — |
All Other Loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,947 |  |  |  | 10,947 |  |  |  | — |  |  |  | — |
Total |  | $ | 228 |  |  | $ | 616 |  |  | $ | 629 |  |  | $ | 1,473 |  |  | $ | 804,006 |  |  | $ | 805,479 |  |  | $ | — |  |  | $ | 4,286 |
|  | December 31, 2019 |
|  | (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 |  | $ | 47 |  |  | $ | — |  |  | $ | 32 |  |  | $ | 79 |  |  | $ | 46,464 |  |  | $ | 46,543 |  |  | $ | — |  |  | $ | 32 |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner Occupied |  |  | 1,078 |  |  |  | — |  |  |  | — |  |  |  | 1,078 |  |  |  | 147,879 |  |  |  | 148,957 |  |  |  | — |  |  |  | 320 |
Non-owner occupied |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 137,643 |  |  |  | 137,643 |  |  |  | — |  |  |  | 329 |
Construction and Farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,867 |  |  |  | 7,867 |  |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | 187 |  |  |  | 187 |  |  |  | 48,424 |  |  |  | 48,611 |  |  |  | — |  |  |  | 187 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment |  |  | 55 |  |  |  | 6 |  |  |  | — |  |  |  | 61 |  |  |  | 9,480 |  |  |  | 9,541 |  |  |  | — |  |  |  | 8 |
Residential: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity Lines |  |  | 121 |  |  |  | — |  |  |  | — |  |  |  | 121 |  |  |  | 33,127 |  |  |  | 33,248 |  |  |  | — |  |  |  | 65 |
Single family |  |  | 471 |  |  |  | 541 |  |  |  | 1,251 |  |  |  | 2,263 |  |  |  | 184,069 |  |  |  | 186,332 |  |  |  | — |  |  |  | 1,244 |
Multifamily |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14,415 |  |  |  | 14,415 |  |  |  | — |  |  |  | — |
All Other Loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 12,050 |  |  |  | 12,050 |  |  |  | — |  |  |  | — |
Total |  | $ | 1,772 |  |  | $ | 547 |  |  | $ | 1,470 |  |  | $ | 3,789 |  |  | $ | 641,418 |  |  | $ | 645,207 |  |  | $ | — |  |  | $ | 2,185 |
Allowance For Loan Losses By Segment | Allowance for loan losses by segment at September 30, 2020 and December 31, 2019 were as follows:
|  | As of and For the Nine Months Ended |
|  | September 30, 2020 |
|  | (in thousands) |
|  | Construction and Farmland |  |  | Residential Real Estate |  |  | Commercial Real Estate |  |  | Commercial |  |  | Consumer |  |  | All Other Loans |  |  | Unallocated |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 446 |  |  | $ | 1,601 |  |  | $ | 1,991 |  |  | $ | 565 |  |  | $ | 54 |  |  | $ | 120 |  |  | $ | 196 |  |  | $ | 4,973 |
Charge-Offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (49 | ) |  |  | (83 | ) |  |  | (32 | ) |  |  | — |  |  |  | (164 | )
Recoveries |  |  | 5 |  |  |  | 257 |  |  |  | 302 |  |  |  | 496 |  |  |  | 30 |  |  |  | 7 |  |  |  | — |  |  |  | 1,097 |
Provision |  |  | 755 |  |  |  | 315 |  |  |  | (763 | ) |  |  | 220 |  |  |  | 213 |  |  |  | 129 |  |  |  | (114 | ) |  |  | 755 |
Ending balance |  | $ | 1,206 |  |  | $ | 2,173 |  |  | $ | 1,530 |  |  | $ | 1,232 |  |  | $ | 214 |  |  | $ | 224 |  |  | $ | 82 |  |  | $ | 6,661 |
Ending balance: Individually evaluated for impairment |  | $ | 102 |  |  | $ | 152 |  |  | $ | 76 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 330 |
Ending balance: collectively evaluated for impairment |  | $ | 1,104 |  |  | $ | 2,021 |  |  | $ | 1,454 |  |  | $ | 1,232 |  |  | $ | 214 |  |  | $ | 224 |  |  | $ | 82 |  |  | $ | 6,331 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 62,988 |  |  | $ | 268,697 |  |  | $ | 312,448 |  |  | $ | 134,233 |  |  | $ | 16,166 |  |  | $ | 10,947 |  |  | $ | — |  |  | $ | 805,479 |
Ending balance individually evaluated for impairment |  | $ | 226 |  |  | $ | 3,906 |  |  | $ | 3,034 |  |  | $ | 165 |  |  | $ | 19 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,350 |
Ending balance collectively evaluated for impairment |  | $ | 62,762 |  |  | $ | 264,791 |  |  | $ | 309,414 |  |  | $ | 134,068 |  |  | $ | 16,147 |  |  | $ | 10,947 |  |  | $ | — |  |  | $ | 798,129 |
|  | December 31, 2019 |
|  | (in thousands) |
|  | Construction and Farmland |  |  | Residential Real Estate |  |  | Commercial Real Estate |  |  | Commercial |  |  | Consumer |  |  | All Other Loans |  |  | Unallocated |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 583 |  |  | $ | 1,788 |  |  | $ | 1,988 |  |  | $ | 919 |  |  | $ | 53 |  |  | $ | 97 |  |  | $ | 28 |  |  | $ | 5,456 |
Charge-Offs |  |  | — |  |  |  | (406 | ) |  |  | — |  |  |  | (850 | ) |  |  | (5 | ) |  |  | (52 | ) |  |  | — |  |  |  | (1,313 | )
Recoveries |  |  | 8 |  |  |  | 72 |  |  |  | 20 |  |  |  | 52 |  |  |  | 26 |  |  |  | 23 |  |  |  | — |  |  |  | 201 |
Provision |  |  | (145 | ) |  |  | 147 |  |  |  | (17 | ) |  |  | 444 |  |  |  | (20 | ) |  |  | 52 |  |  |  | 168 |  |  |  | 629 |
Ending balance |  | $ | 446 |  |  | $ | 1,601 |  |  | $ | 1,991 |  |  | $ | 565 |  |  | $ | 54 |  |  | $ | 120 |  |  | $ | 196 |  |  | $ | 4,973 |
Ending balance: Individually evaluated for impairment |  | $ | 100 |  |  | $ | 51 |  |  | $ | 149 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 300 |
Ending balance: collectively evaluated for impairment |  | $ | 346 |  |  | $ | 1,550 |  |  | $ | 1,842 |  |  | $ | 565 |  |  | $ | 54 |  |  | $ | 120 |  |  | $ | 196 |  |  | $ | 4,673 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 56,478 |  |  | $ | 233,995 |  |  | $ | 286,600 |  |  | $ | 46,543 |  |  | $ | 9,541 |  |  | $ | 12,050 |  |  | $ | — |  |  | $ | 645,207 |
Ending balance individually evaluated for impairment |  | $ | 433 |  |  | $ | 3,681 |  |  | $ | 3,053 |  |  | $ | 228 |  |  | $ | 8 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,403 |
Ending balance collectively evaluated for impairment |  | $ | 56,045 |  |  | $ | 230,314 |  |  | $ | 283,547 |  |  | $ | 46,315 |  |  | $ | 9,533 |  |  | $ | 12,050 |  |  | $ | — |  |  | $ | 637,804 |
Schedule of loan loss provision by change in allowance methodology | The following table represents the effect on the loan loss provision for the nine months ended September 30, 2020 as a result of the change in allowance methodology from that used in prior periods.
(in thousands) |  | Calculated Provision (Recovery) Based on Current Methodology |  |  | Calculation Provision (Recovery) Based on Prior Methodology |  |  | Difference |
Portfolio Segment: |  |  |  |  |  |  |  |  |  |  |  |
Construction and Farmland |  | $ | 755 |  |  | $ | 89 |  |  | $ | 666 |
Residential Real Estate |  |  | 315 |  |  |  | 363 |  |  |  | (48 | )
Commercial Real Estate |  |  | (763 | ) |  |  | 197 |  |  |  | (960 | )
Commercial |  |  | 220 |  |  |  | (371 | ) |  |  | 591 |
Consumer |  |  | 213 |  |  |  | 126 |  |  |  | 87 |
All Other Loans |  |  | 129 |  |  |  | 24 |  |  |  | 105 |
Total |  | $ | 869 |  |  | $ | 428 |  |  | $ | 441 |
Impaired Loans By Class | Impaired loans by class as of and for the periods ended September 30, 2020 and December 31, 2019 were as follows:
|  | As of |
|  | September 30, 2020 |
|  | (in thousands) |
|  | Unpaid Principal Balance |  |  | Recorded Investment |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
With no related allowance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - Non Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial |  | $ | 274 |  |  | $ | 165 |  |  | $ | — |  |  | $ | 197 |  |  | $ | 13 |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner Occupied |  |  | 1,295 |  |  |  | 1,252 |  |  |  | — |  |  |  | 1,279 |  |  |  | 18 |
Non-owner occupied |  |  | 285 |  |  |  | 197 |  |  |  | — |  |  |  | 232 |  |  |  | — |
Construction and Farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | 47 |  |  |  | 39 |  |  |  | — |  |  |  | 42 |  |  |  | 2 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment |  |  | 20 |  |  |  | 19 |  |  |  | — |  |  |  | 23 |  |  |  | 1 |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity lines |  |  | 273 |  |  |  | 47 |  |  |  | — |  |  |  | 49 |  |  |  | — |
Single family |  |  | 2,525 |  |  |  | 2,279 |  |  |  | — |  |  |  | 2,396 |  |  |  | 50 |
Multifamily |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other Loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 4,719 |  |  | $ | 3,998 |  |  | $ | — |  |  | $ | 4,218 |  |  | $ | 84 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - Non Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner Occupied |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Non-owner occupied |  |  | 1,596 |  |  |  | 1,584 |  |  |  | 76 |  |  |  | 1,585 |  |  |  | 20 |
Construction and Farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | 187 |  |  |  | 187 |  |  |  | 102 |  |  |  | 187 |  |  |  | — |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Single family |  |  | 1,613 |  |  |  | 1,596 |  |  |  | 152 |  |  |  | 1,606 |  |  |  | 28 |
Multifamily |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other Loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 3,396 |  |  | $ | 3,367 |  |  | $ | 330 |  |  | $ | 3,378 |  |  | $ | 48 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 274 |  |  | $ | 165 |  |  | $ | — |  |  | $ | 197 |  |  | $ | 13 |
Commercial Real Estate |  |  | 3,176 |  |  |  | 3,033 |  |  |  | 76 |  |  |  | 3,096 |  |  |  | 38 |
Construction and Farmland |  |  | 234 |  |  |  | 226 |  |  |  | 102 |  |  |  | 229 |  |  |  | 2 |
Consumer |  |  | 20 |  |  |  | 19 |  |  |  | — |  |  |  | 23 |  |  |  | 1 |
Residential |  |  | 4,411 |  |  |  | 3,922 |  |  |  | 152 |  |  |  | 4,051 |  |  |  | 78 |
Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 8,115 |  |  | $ | 7,365 |  |  | $ | 330 |  |  | $ | 7,596 |  |  | $ | 132 |
(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, 2020.
|  | As of |
|  | December 31, 2019 |
|  | (in thousands) |
|  | Unpaid Principal Balance |  |  | Recorded Investment |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
With no related allowance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - Non Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial |  | $ | 364 |  |  | $ | 228 |  |  | $ | — |  |  | $ | 269 |  |  | $ | 21 |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner Occupied |  |  | 369 |  |  |  | 356 |  |  |  | — |  |  |  | 358 |  |  |  | 4 |
Non-owner occupied |  |  | 407 |  |  |  | 329 |  |  |  | — |  |  |  | 335 |  |  |  | — |
Construction and Farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | 301 |  |  |  | 246 |  |  |  | — |  |  |  | 263 |  |  |  | 25 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment |  |  | 9 |  |  |  | 8 |  |  |  | — |  |  |  | 9 |  |  |  | — |
Residential: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity lines |  |  | 276 |  |  |  | 65 |  |  |  | — |  |  |  | 68 |  |  |  | 1 |
Single family |  |  | 2,854 |  |  |  | 2,435 |  |  |  | — |  |  |  | 2,583 |  |  |  | 80 |
Multifamily |  |  | 366 |  |  |  | 367 |  |  |  | — |  |  |  | 375 |  |  |  | 21 |
Other Loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 4,946 |  |  | $ | 4,034 |  |  | $ | — |  |  | $ | 4,260 |  |  | $ | 152 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - Non Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner Occupied |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Non-owner occupied |  |  | 2,369 |  |  |  | 2,377 |  |  |  | 149 |  |  |  | 2,405 |  |  |  | 103 |
Construction and Farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | 187 |  |  |  | 187 |  |  |  | 100 |  |  |  | 187 |  |  |  | 8 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Residential: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Single family |  |  | 879 |  |  |  | 822 |  |  |  | 51 |  |  |  | 833 |  |  |  | 38 |
Multifamily |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other Loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 3,435 |  |  | $ | 3,386 |  |  | $ | 300 |  |  | $ | 3,425 |  |  | $ | 149 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 364 |  |  | $ | 228 |  |  | $ | — |  |  | $ | 269 |  |  | $ | 21 |
Commercial Real Estate |  |  | 3,145 |  |  |  | 3,062 |  |  |  | 149 |  |  |  | 3,098 |  |  |  | 107 |
Construction and Farmland |  |  | 488 |  |  |  | 433 |  |  |  | 100 |  |  |  | 450 |  |  |  | 33 |
Consumer |  |  | 9 |  |  |  | 8 |  |  |  | — |  |  |  | 9 |  |  |  | — |
Residential |  |  | 4,375 |  |  |  | 3,689 |  |  |  | 51 |  |  |  | 3,859 |  |  |  | 140 |
Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 8,381 |  |  | $ | 7,420 |  |  | $ | 300 |  |  | $ | 7,685 |  |  | $ | 301 |
(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 $17 thousand at December 31, 2019.
Credit Quality Information By Class | Credit quality information by class at September 30, 2020 and December 31, 2019 was as follows:
|  | As of |
|  | September 30, 2020 |
|  | (in thousands) |
INTERNAL RISK RATING GRADES |  | Pass |  |  | Pass Monitored |  |  | Special Mention |  |  | Substandard |  |  | Doubtful |  |  | Loss |  |  | Total |
Commercial - Non Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial |  | $ | 129,431 |  |  | $ | 4,569 |  |  | $ | 216 |  |  | $ | 17 |  |  | $ | — |  |  | $ | — |  |  | $ | 134,233 |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner Occupied |  |  | 124,878 |  |  |  | 29,265 |  |  |  | 8,059 |  |  |  | 1,252 |  |  |  | — |  |  |  | — |  |  |  | 163,454 |
Non-owner occupied |  |  | 85,311 |  |  |  | 42,235 |  |  |  | 19,667 |  |  |  | 1,781 |  |  |  | — |  |  |  | — |  |  |  | 148,994 |
Construction and Farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | 9,257 |  |  |  | 2,099 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11,356 |
Commercial |  |  | 19,301 |  |  |  | 27,477 |  |  |  | 4,571 |  |  |  | 283 |  |  |  | — |  |  |  | — |  |  |  | 51,632 |
Residential: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity Lines |  |  | 30,353 |  |  |  | 125 |  |  |  | — |  |  |  | 37 |  |  |  | 10 |  |  |  | — |  |  |  | 30,525 |
Single family |  |  | 193,335 |  |  |  | 17,859 |  |  |  | 2,357 |  |  |  | 2,908 |  |  |  | 130 |  |  |  | — |  |  |  | 216,589 |
Multifamily |  |  | 14,682 |  |  |  | 4,935 |  |  |  | 1,966 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 21,583 |
All other loans |  |  | 8,586 |  |  |  | — |  |  |  | 2,361 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,947 |
Total |  | $ | 615,134 |  |  | $ | 128,564 |  |  | $ | 39,197 |  |  | $ | 6,278 |  |  | $ | 140 |  |  | $ | — |  |  | $ | 789,313 |
|  | Performing |  |  | Nonperforming |
Consumer Credit Exposure by Payment Activity |  | $ | 16,165 |  |  | $ | 1 |
|  | As of |
|  | December 31, 2019 |
|  | (in thousands) |
INTERNAL RISK RATING GRADES |  | Pass |  |  | Pass Monitored |  |  | Special Mention |  |  | Substandard |  |  | Doubtful |  |  | Loss |  |  | Total |
Commercial - Non Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial |  | $ | 42,578 |  |  | $ | 3,815 |  |  | $ | 105 |  |  | $ | 45 |  |  | $ | — |  |  | $ | — |  |  | $ | 46,543 |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner Occupied |  |  | 103,958 |  |  |  | 38,989 |  |  |  | 5,654 |  |  |  | 356 |  |  |  | — |  |  |  | — |  |  |  | 148,957 |
Non-owner occupied |  |  | 103,909 |  |  |  | 25,939 |  |  |  | 5,866 |  |  |  | 1,929 |  |  |  | — |  |  |  | — |  |  |  | 137,643 |
Construction and Farm land: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | 5,094 |  |  |  | 2,773 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,867 |
Commercial |  |  | 17,018 |  |  |  | 30,661 |  |  |  | 437 |  |  |  | 495 |  |  |  | — |  |  |  | — |  |  |  | 48,611 |
Residential: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity Lines |  |  | 32,295 |  |  |  | 889 |  |  |  | — |  |  |  | 42 |  |  |  | 22 |  |  |  | — |  |  |  | 33,248 |
Single family |  |  | 162,195 |  |  |  | 19,427 |  |  |  | 2,347 |  |  |  | 2,225 |  |  |  | 138 |  |  |  | — |  |  |  | 186,332 |
Multifamily |  |  | 11,714 |  |  |  | 1,337 |  |  |  | 998 |  |  |  | 366 |  |  |  | — |  |  |  | — |  |  |  | 14,415 |
All other loans |  |  | 11,963 |  |  |  | 40 |  |  |  | 47 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 12,050 |
Total |  | $ | 490,724 |  |  | $ | 123,870 |  |  | $ | 15,454 |  |  | $ | 5,458 |  |  | $ | 160 |  |  | $ | — |  |  | $ | 635,666 |
|  | Performing |  |  | Nonperforming |
Consumer Credit Exposure by Payment Activity |  |  | 9,480 |  |  |  | 61 |

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