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Allowance for Loan Losses (Tables)
12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Allowance by Impairment Methodology and Loans by Impairment Methodology
The following tables present, as of December 31, 2018 and 2017, the total allowance for loan losses, the allowance by impairment methodology and loans by impairment methodology (in thousands).
 
 
December 31, 2018
 
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, 2017
$
414

 
$
775

 
$
2,948

 
$
418

 
$
771

 
$
5,326

Charge-offs

 
(55
)
 

 
(10
)
 
(1,104
)
 
(1,169
)
Recoveries

 
13

 
5

 
8

 
226

 
252

Provision for (recovery of) loan losses
147

 
162

 
(793
)
 
48

 
1,036

 
600

Ending Balance, December 31, 2018
$
561

 
$
895

 
$
2,160

 
$
464

 
$
929

 
$
5,009

Ending Balance:
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
71

 
172

 

 

 

 
243

Collectively evaluated for impairment
490

 
723

 
2,160

 
464

 
929

 
4,766

Loans:
 
 
 
 
 
 
 
 
 
 
 
Ending Balance
45,867

 
215,945

 
219,553

 
44,605

 
16,886

 
542,856

Individually evaluated for impairment
327

 
663

 
2,249

 
197

 

 
3,436

Collectively evaluated for impairment
45,540

 
215,282

 
217,304

 
44,408

 
16,886

 
539,420

 
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

Impaired Loans and Related Allowance
Impaired loans and the related allowance at December 31, 2018 and 2017, were as follows (in thousands):
 
 
December 31, 2018
 
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
$
336

 
$

 
$
327

 
$
327

 
$
71

 
$
758

 
$
12

Secured by 1-4 family
720

 
356

 
307

 
663

 
172

 
966

 
22

Other real estate loans
2,290

 
2,249

 

 
2,249

 

 
1,585

 
51

Commercial and industrial
200

 
197

 

 
197

 

 
146

 

Total
$
3,546

 
$
2,802

 
$
634

 
$
3,436

 
$
243

 
$
3,455

 
$
85

 
 
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