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Allowance for Loan Losses (Tables)
12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Allowance by Impairment Methodology and Loans by Impairment Methodology
The following tables present, as of December 31, 2017 and 2016, the total allowance for loan losses, the allowance by impairment methodology and loans by impairment methodology (in thousands).
 
 
December 31, 2017
 
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, 2016
$
441

 
$
1,019

 
$
3,142

 
$
380

 
$
339

 
$
5,321

Charge-offs

 
(126
)
 

 

 
(607
)
 
(733
)
Recoveries
11

 
302

 
50

 
10

 
265

 
638

Provision for (recovery of) loan losses
(38
)
 
(420
)
 
(244
)
 
28

 
774

 
100

Ending Balance, December 31, 2017
$
414

 
$
775

 
$
2,948

 
$
418

 
$
771

 
$
5,326

Ending Balance:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment

 

 

 

 

 

Collectively evaluated for impairment
414

 
775

 
2,948

 
418

 
771

 
5,326

Loans:
 
 
 
 
 
 
 
 
 
 
 
Ending Balance
35,927

 
208,177

 
222,256

 
38,763

 
17,078

 
522,201

Individually evaluated for impairment
1,150

 
1,307

 
1,289

 
65

 

 
3,811

Collectively evaluated for impairment
34,777

 
206,870

 
220,967

 
38,698

 
17,078

 
518,390

 
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

Impaired Loans and Related Allowance
Impaired loans and the related allowance at December 31, 2017 and 2016, were as follows (in thousands):
 
 
December 31, 2017
 
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
$
1,627

 
$
1,150

 
$

 
$
1,150

 
$

 
$
1,814

 
$
63

Secured by 1-4 family
1,387

 
1,307

 

 
1,307

 

 
1,637

 
64

Other real estate loans
1,483

 
1,289

 

 
1,289

 

 
1,137

 
95

Commercial and industrial
78

 
65

 

 
65

 

 
68

 
10

Total
$
4,575

 
$
3,811

 
$

 
$
3,811

 
$

 
$
4,656

 
$
232

 
 
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

Total
$
5,545

 
$
4,707

 
$
153

 
$
4,860

 
$
37

 
$
7,034

 
$
176