Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2016

Allowance by Impairment Methodology and Loans by Impairment Methodology

The following tables present, as of December 31, 2016 and 2015, the total allowance for loan losses, the allowance by impairment methodology and loans by impairment methodology (in thousands).


	December 31, 2016
	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, 2015	$	1,532		$	939		$	2,534		$	306	$	213		$	5,524
Charge-offs		—			(83	)		(165	)		—		(540	)		(788	)
Recoveries		4			293			2			11		275			585
Provision for (recovery of) loan losses		(1,095	)		(130	)		771			63		391			—

Ending Balance, December 31, 2016	$	441		$	1,019		$	3,142		$	380	$	339		$	5,321


Ending Balance:
Individually evaluated for impairment		—			37			—			—		—			37
Collectively evaluated for impairment		441			982			3,142			380		339			5,284

Loans:
Ending Balance		34,699			198,763			211,210			29,981		11,414			486,067

Individually evaluated for impairment		1,973			1,828			984			75		—			4,860
Collectively evaluated for impairment		32,726			196,935			210,226			29,906		11,414			481,207


	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

Impaired Loans and Related Allowance

Impaired loans and the related allowance at December 31, 2016 and 2015, were as follows (in thousands):


	December 31, 2016
	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	$	2,388	$	1,973	$	—	$	1,973	$	—	$	2,407	$	66
Secured by 1-4 family		1,851		1,675		153		1,828		37		2,013		87
Other real estate loans		1,213		984		—		984		—		2,529		22
Commercial and industrial		93		75		—		75		—		85		1
Consumer and other loans		—		—		—		—		—		—		—

Total	$	5,545	$	4,707	$	153	$	4,860	$	37	$	7,034	$	176


	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

Information Regarding Loans Modified under TDR

The following table provides further information regarding loans modified under TDRs during the year ended December 31, 2016 (dollars in thousands):


	For the year ended December 31, 2016
	Number of Contracts		Pre- modification outstanding recorded investment		Post- modification outstanding recorded investment
Real estate loans:
Construction		—	$	—	$	—
Secured by 1-4 family		1		138		88
Other real estate loans		—		—		—
Commercial and industrial		—		—		—
Consumer and other loans		—		—		—

Total		1	$	138	$	88