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Allowance for Loan Losses | 12 Months Ended
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Dec. 31, 2020
Receivables [Abstract] |
Allowance for Loan Losses | NOTE 4. Allowance for Loan Losses Changes in the allowance for loan losses for the years December 31, 2020 and 2019 were as follows:
|  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (in thousands) |
Balance, beginning |  | $ | 4,973 |  |  | $ | 5,456 |
Provision charged to operating expense |  |  | 1,457 |  |  |  | 629 |
Recoveries added to the allowance |  |  | 1,131 |  |  |  | 201 |
Loan losses charged to the allowance |  |  | (465 | ) |  |  | (1,313 | )
Balance, ending |  | $ | 7,096 |  |  | $ | 4,973 |
Nonaccrual and past due loans by class at December 31, 2020 and December 31, 2019 were as follows:
|  | December 31, 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 |  | $ | 43 |  |  | $ | — |  |  | $ | — |  |  | $ | 43 |  |  | $ | 140,719 |  |  | $ | 140,762 |  |  | $ | — |  |  | $ | — |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner Occupied |  |  | — |  |  |  | — |  |  |  | 157 |  |  |  | 157 |  |  |  | 165,764 |  |  |  | 165,921 |  |  |  | — |  |  |  | 1,227 |
Non-owner occupied |  |  | 500 |  |  |  | — |  |  |  | 122 |  |  |  | 622 |  |  |  | 168,118 |  |  |  | 168,740 |  |  |  | — |  |  |  | 2,405 |
Construction and Farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,644 |  |  |  | 10,644 |  |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | 69 |  |  |  | 69 |  |  |  | 47,677 |  |  |  | 47,746 |  |  |  | — |  |  |  | 69 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | 21,316 |  |  |  | 21,321 |  |  |  | — |  |  |  | 5 |
Residential: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity Lines |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | 13 |  |  |  | 31,239 |  |  |  | 31,252 |  |  |  | — |  |  |  | 42 |
Single family |  |  | 249 |  |  |  | 123 |  |  |  | 581 |  |  |  | 953 |  |  |  | 216,041 |  |  |  | 216,994 |  |  |  | — |  |  |  | 1,006 |
Multifamily |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 21,496 |  |  |  | 21,496 |  |  |  | — |  |  |  | — |
All Other Loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,773 |  |  |  | 10,773 |  |  |  | — |  |  |  | — |
Total |  | $ | 810 |  |  | $ | 123 |  |  | $ | 929 |  |  | $ | 1,862 |  |  | $ | 833,787 |  |  | $ | 835,649 |  |  | $ | — |  |  | $ | 4,754 |
|  | 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 at December 31, 2020 and December 31, 2019 were as follows:
|  | Twelve Months Ended |
|  | December 31, 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 |  |  | (119 | ) |  |  | (20 | ) |  |  | (155 | ) |  |  | (49 | ) |  |  | (83 | ) |  |  | (39 | ) |  |  | — |  |  |  | (465 | )
Recoveries |  |  | 7 |  |  |  | 275 |  |  |  | 302 |  |  |  | 498 |  |  |  | 41 |  |  |  | 8 |  |  |  | — |  |  |  | 1,131 |
Provision |  |  | 1,270 |  |  |  | 73 |  |  |  | (493 | ) |  |  | 360 |  |  |  | 186 |  |  |  | 257 |  |  |  | (196 | ) |  |  | 1,457 |
Ending balance |  | $ | 1,604 |  |  | $ | 1,929 |  |  | $ | 1,645 |  |  | $ | 1,374 |  |  | $ | 198 |  |  | $ | 346 |  |  | $ | — |  |  | $ | 7,096 |
Ending balance: Individually evaluated for impairment |  | $ | — |  |  | $ | 72 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 72 |
Ending balance: collectively evaluated for impairment |  | $ | 1,604 |  |  | $ | 1,857 |  |  | $ | 1,645 |  |  | $ | 1,374 |  |  | $ | 198 |  |  | $ | 346 |  |  | $ | — |  |  | $ | 7,024 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 58,390 |  |  | $ | 269,742 |  |  | $ | 334,661 |  |  | $ | 140,762 |  |  | $ | 21,321 |  |  | $ | 10,773 |  |  | $ | — |  |  | $ | 835,649 |
Ending balance individually evaluated for impairment |  | $ | 105 |  |  | $ | 3,869 |  |  | $ | 3,632 |  |  | $ | 147 |  |  | $ | 15 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,768 |
Ending balance collectively evaluated for impairment |  | $ | 58,285 |  |  | $ | 265,873 |  |  | $ | 331,029 |  |  | $ | 140,615 |  |  | $ | 21,306 |  |  | $ | 10,773 |  |  | $ | — |  |  | $ | 827,881 |
|  | 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 |
Beginning with the three months ended September 30, 2020, the Company changed its allowance methodology for the risk scale used in calculating the environmental factors portion of the general reserves assigned to unimpaired credits. During that quarter, management determined it necessary to adjust each of the risk scores assigned to all nine current qualitative factors due to changes that had occurred both internally and outside of the Company that have an impact on payment defaults, collateral values, risk ratings, etc. Management also determined it necessary to adjust the loss history period from 28 quarters to 12 quarters. The Company believes that the revised risk scale and loss history period is more indicative of the losses and risks inherent in the portfolio. The following table represents the effect on the loan loss provision for year ended December 31, 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 |  | $ | 1,270 |  |  | $ | 85 |  |  | $ | 1,185 |
Residential Real Estate |  |  | 73 |  |  |  | 275 |  |  |  | (202 | )
Commercial Real Estate |  |  | (493 | ) |  |  | 444 |  |  |  | (937 | )
Commercial |  |  | 360 |  |  |  | (262 | ) |  |  | 622 |
Consumer |  |  | 186 |  |  |  | 140 |  |  |  | 46 |
All Other Loans |  |  | 257 |  |  |  | 26 |  |  |  | 231 |
Total |  | $ | 1,653 |  |  | $ | 708 |  |  | $ | 945 |
Impaired loans by class at December 31, 2020 and December 31, 2019 were as follows:
|  | As of |
|  | December 31, 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 |  | $ | 246 |  |  | $ | 147 |  |  | $ | — |  |  | $ | 186 |  |  | $ | 16 |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner Occupied |  |  | 1,282 |  |  |  | 1,227 |  |  |  | — |  |  |  | 1,258 |  |  |  | 18 |
Non-owner occupied |  |  | 2,682 |  |  |  | 2,405 |  |  |  | — |  |  |  | 2,444 |  |  |  | 34 |
Construction and Farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | 233 |  |  |  | 105 |  |  |  | — |  |  |  | 109 |  |  |  | 3 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment |  |  | 16 |  |  |  | 15 |  |  |  | — |  |  |  | 22 |  |  |  | 1 |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity lines |  |  | 272 |  |  |  | 42 |  |  |  | — |  |  |  | 44 |  |  |  | — |
Single family |  |  | 2,655 |  |  |  | 2,413 |  |  |  | — |  |  |  | 2,514 |  |  |  | 76 |
Multifamily |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other Loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 7,386 |  |  | $ | 6,354 |  |  | $ | — |  |  | $ | 6,577 |  |  | $ | 148 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial - Non Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner Occupied |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Non-owner occupied |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and Farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Installment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Single family |  |  | 1,449 |  |  |  | 1,431 |  |  |  | 72 |  |  |  | 1,448 |  |  |  | 38 |
Multifamily |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other Loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 1,449 |  |  | $ | 1,431 |  |  | $ | 72 |  |  | $ | 1,448 |  |  | $ | 38 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 246 |  |  | $ | 147 |  |  | $ | — |  |  | $ | 186 |  |  | $ | 16 |
Commercial Real Estate |  |  | 3,964 |  |  |  | 3,632 |  |  |  | — |  |  |  | 3,702 |  |  |  | 52 |
Construction and Farmland |  |  | 233 |  |  |  | 105 |  |  |  | — |  |  |  | 109 |  |  |  | 3 |
Consumer |  |  | 16 |  |  |  | 15 |  |  |  | — |  |  |  | 22 |  |  |  | 1 |
Residential |  |  | 4,376 |  |  |  | 3,886 |  |  |  | 72 |  |  |  | 4,006 |  |  |  | 114 |
Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 8,835 |  |  | $ | 7,785 |  |  | $ | 72 |  |  | $ | 8,025 |  |  | $ | 186 |
(1) | Recorded investment is defined as the summation of the outstanding principal balance, accrued interest, and any partial charge-offs.
|  | 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, and any partial charge-offs.
When the ultimate collectability of the total principal of an impaired loan is in doubt and the loan is in nonaccrual status, all payments are applied to principal under the cost-recovery method. For financial statement purposes, the recorded investment in nonaccrual loans is the actual principal balance reduced by payments that would otherwise have been applied to interest. When reporting information on these loans to the applicable customers, the unpaid principal balance is reported as if payments were applied to principal and interest under the original terms of the loan agreements. Therefore, the unpaid principal balance reported to the customer would be higher than the recorded investment in the loan for financial statement purposes. When the ultimate collectability of the total principal of the impaired loan is not in doubt and the loan is in nonaccrual status, contractual interest is credited to interest income when received under the cash-basis method. The Company uses a rating system for evaluating the risks associated with non-consumer loans. Consumer loans are not evaluated for risk unless the characteristics of the loan fall within classified categories. Descriptions of these ratings are as follows:
Pass |  | Pass loans exhibit acceptable history of profits, cash flow ability and liquidity. Sufficient cash flow exists to service the loan. All obligations have been paid by the borrower in an as agreed manner.
Pass Monitored |  | Pass monitored loans may be experiencing income and cash volatility, inconsistent operating trends, nominal liquidity and/or a leveraged balance sheet. A higher level of supervision is required for these loans as the potential for a negative event could impact the borrower’s ability to repay the loan.
Special mention |  | Special mention loans exhibit negative trends and potential weakness that, if left uncorrected, may negatively affect the borrower’s ability to repay its obligations. The risk of default is not imminent and the borrower still demonstrates sufficient financial strength to service debt.
Substandard |  | Substandard loans exhibit well defined weaknesses resulting in a higher probability of default. The borrowers exhibit adverse financial trends and a diminishing ability or willingness to service debt.
Doubtful |  | Doubtful loans exhibit all of the characteristics inherent in substandard loans; however given the severity of weaknesses, the collection of 100% of the principal is unlikely under current conditions.
Loss |  | Loss loans are considered uncollectible over a reasonable period of time and of such little value that its continuance as a bankable asset is not warranted.
Credit quality information by class at December 31, 2020 and December 31, 2019 was as follows:
|  | As of |
|  | December 31, 2020 |
|  | (in thousands) |
INTERNAL RISK RATING GRADES |  | Pass |  |  | Pass Monitored |  |  | Special Mention |  |  | Substandard |  |  | Doubtful |  |  | Loss |  |  | Total |
Commercial - Non Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial |  | $ | 137,566 |  |  | $ | 2,750 |  |  | $ | 439 |  |  | $ | 7 |  |  | $ | — |  |  | $ | — |  |  | $ | 140,762 |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner Occupied |  |  | 126,839 |  |  |  | 31,927 |  |  |  | 5,929 |  |  |  | 1,226 |  |  |  | — |  |  |  | — |  |  |  | 165,921 |
Non-owner occupied |  |  | 101,026 |  |  |  | 42,338 |  |  |  | 22,555 |  |  |  | 2,821 |  |  |  | — |  |  |  | — |  |  |  | 168,740 |
Construction and Farmland: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | 8,131 |  |  |  | 2,513 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,644 |
Commercial |  |  | 19,599 |  |  |  | 24,982 |  |  |  | 3,004 |  |  |  | 161 |  |  |  | — |  |  |  | — |  |  |  | 47,746 |
Residential: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity Lines |  |  | 31,087 |  |  |  | 124 |  |  |  | — |  |  |  | 36 |  |  |  | 5 |  |  |  | — |  |  |  | 31,252 |
Single family |  |  | 193,579 |  |  |  | 16,639 |  |  |  | 3,594 |  |  |  | 3,053 |  |  |  | 129 |  |  |  | — |  |  |  | 216,994 |
Multifamily |  |  | 10,923 |  |  |  | 8,700 |  |  |  | 1,873 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 21,496 |
All other loans |  |  | 8,438 |  |  |  | — |  |  |  | 2,335 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,773 |
Total |  | $ | 637,188 |  |  | $ | 129,973 |  |  | $ | 39,729 |  |  | $ | 7,304 |  |  | $ | 134 |  |  | $ | — |  |  | $ | 814,328 |
|  |  | Performing |  |  | Nonperforming |
Consumer Credit Exposure by Payment Activity |  |  | $ | 21,316 |  |  | $ | 5 |
|  | 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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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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