Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2015

Allowance by Impairment Methodology and Loans by Impairment Methodology

The following tables present, as of December 31, 2015 and 2014, the total allowance for loan losses, the allowance by impairment methodology and loans by impairment methodology (in thousands).


	December 31, 2015
	Construction and Land Development			Secured by 1-4 Family Residential			Other Real Estate			Commercial and Industrial			Consumer and Other Loans			Total
Allowance for loan losses:
Beginning Balance, December 31, 2014	$	1,403		$	1,204		$	3,658		$	310		$	143		$	6,718
Charge-offs		—			(142	)		(1,125	)		(59	)		(512	)		(1,838	)
Recoveries		4			373			2			72			293			744
Provision for (recovery of) loan losses		125			(496	)		(1	)		(17	)		289			(100	)

Ending Balance, December 31, 2015	$	1,532		$	939		$	2,534		$	306		$	213		$	5,524

Ending Balance:
Individually evaluated for impairment		326			23			195			—			—			544
Collectively evaluated for impairment		1,206			916			2,339			306			213			4,980
Loans:
Ending Balance		33,135			189,286			181,447			24,048			11,083			438,999
Individually evaluated for impairment		2,544			2,044			3,023			94			—			7,705
Collectively evaluated for impairment		30,591			187,242			178,424			23,954			11,083			431,294

	December 31, 2014
	Construction and Land Development			Secured by 1-4 Family Residential			Other Real Estate			Commercial and Industrial			Consumer and Other Loans			Total
Allowance for loan losses:
Beginning Balance, December 31, 2013	$	2,710		$	2,975		$	4,418		$	442		$	99		$	10,644
Charge-offs		(91	)		(272	)		(203	)		(43	)		(318	)		(927	)
Recoveries		80			15			509			18			229			851
Provision for (recovery of) loan losses		(1,296	)		(1,514	)		(1,066	)		(107	)		133			(3,850	)

Ending Balance, December 31, 2014	$	1,403		$	1,204		$	3,658		$	310		$	143		$	6,718

Ending Balance:
Individually evaluated for impairment		245			173			1,456			33			—			1,907
Collectively evaluated for impairment		1,158			1,031			2,202			277			143			4,811
Loans:
Ending Balance		29,475			163,727			151,802			21,166			12,240			378,410
Individually evaluated for impairment		3,205			3,414			7,183			120			—			13,922
Collectively evaluated for impairment		26,270			160,313			144,619			21,046			12,240			364,488

Impaired Loans and Related Allowance

Impaired loans and the related allowance at December 31, 2015 and 2014, were as follows (in thousands):


	December 31, 2015
	Unpaid Principal Balance		Recorded Investment with No Allowance		Recorded Investment with Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
Real estate loans:
Construction and land development	$	2,741	$	2,206	$	338	$	2,544	$	326	$	2,967	$	60
Secured by 1-4 family		2,116		2,021		23		2,044		23		2,526		107
Other real estate loans		3,492		2,463		560		3,023		195		4,933		58
Commercial and industrial		107		94		—		94		—		118		—
Consumer and other loans		—		—		—		—		—		—		—

Total	$	8,456	$	6,784	$	921	$	7,705	$	544	$	10,544	$	225


	December 31, 2014
	Unpaid Principal Balance		Recorded Investment with No Allowance		Recorded Investment with Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
Real estate loans:
Construction and land development	$	3,299	$	2,800	$	405	$	3,205	$	245	$	5,532	$	40
Secured by 1-4 family		4,327		2,526		888		3,414		173		3,433		138
Other real estate loans		7,623		3,708		3,475		7,183		1,456		10,115		206
Commercial and industrial		127		5		115		120		33		159		1
Consumer and other loans		—		—		—		—		—		—		—

Total	$	15,376	$	9,039	$	4,883	$	13,922	$	1,907	$	19,239	$	385

Information Regarding Loans Modified under TDR

The following table provides further information regarding loans modified under TDRs during the year ended December 31, 2014 (dollars in thousands):


	For the year ended December 31, 2014
	Number of Contracts		Pre-modification outstanding recorded investment		Post- modification outstanding recorded investment
Real estate loans:
Construction		—	$	—	$	—
Secured by 1-4 family		—		—		—
Other real estate loans		1		283		344
Commercial and industrial		—		—		—
Consumer and other loans		—		—		—

Total		1	$	283	$	344