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3. Loans (Tables) | 6 Months Ended
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Jun. 30, 2015
Receivables [Abstract] |
Major classifications of loans |
(Dollars in thousands) |  |  |
| June 30, 2015 |  | December 31, 2014
Real estate loans: |  |  |
Construction and land development | $ | 60,066 |  | 57,617
Single-family residential |  | 208,653 |  | 206,417
Single-family residential - |  |  |  |
Banco de la Gente stated income |  | 45,252 |  | 47,015
Commercial |  | 231,684 |  | 228,558
Multifamily and farmland |  | 12,402 |  | 12,400
Total real estate loans |  | 558,057 |  | 552,007
Loans not secured by real estate: |  |  |  |
Commercial loans |  | 85,124 |  | 76,262
Farm loans |  | 4 |  | 7
Consumer loans |  | 10,069 |  | 10,060
All other loans |  | 13,513 |  | 13,555
Total loans |  | 666,767 |  | 651,891
Less allowance for loan losses |  | 10,378 |  | 11,082
Total net loans | $ | 656,389 |  | 640,809
Age analysis of past due loans, by loan type |
June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Loans 30-89 Days Past Due |  |  | Loans 90 or More Days Past Due |  |  | Total Past Due Loans |  |  | Total Current Loans |  |  | Total Loans |  |  | Accruing Loans 90 or More Days Past Due |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 313 |  |  |  | 227 |  |  |  | 540 |  |  |  | 59,526 |  |  |  | 60,066 |  |  |  | - |
Single-family residential |  |  | 1,869 |  |  |  | 641 |  |  |  | 2,510 |  |  |  | 206,143 |  |  |  | 208,653 |  |  |  | 100 |
Single-family residential - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Banco de la Gente stated income |  |  | 999 |  |  |  | 205 |  |  |  | 1,204 |  |  |  | 44,048 |  |  |  | 45,252 |  |  |  | - |
Commercial |  |  | 36 |  |  |  | 326 |  |  |  | 362 |  |  |  | 231,322 |  |  |  | 231,684 |  |  |  | - |
Multifamily and farmland |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 12,402 |  |  |  | 12,402 |  |  |  | - |
Total real estate loans |  |  | 3,217 |  |  |  | 1,399 |  |  |  | 4,616 |  |  |  | 553,441 |  |  |  | 558,057 |  |  |  | 100 |
Loans not secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  |  | 69 |  |  |  | 5 |  |  |  | 74 |  |  |  | 85,050 |  |  |  | 85,124 |  |  |  | - |
Farm loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4 |  |  |  | 4 |  |  |  | - |
Consumer loans |  |  | 150 |  |  |  | 9 |  |  |  | 159 |  |  |  | 9,910 |  |  |  | 10,069 |  |  |  | - |
All other loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 13,513 |  |  |  | 13,513 |  |  |  | - |
Total loans |  | $ | 3,436 |  |  |  | 1,413 |  |  |  | 4,849 |  |  |  | 661,918 |  |  |  | 666,767 |  |  |  | 100 |
December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Loans 30-89 Days Past Due |  |  | Loans 90 or More Days Past Due |  |  | Total Past Due Loans |  |  | Total Current Loans |  |  | Total Loans |  |  | Accruing Loans 90 or More Days Past Due |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 294 |  |  |  | 3,540 |  |  |  | 3,834 |  |  |  | 53,783 |  |  |  | 57,617 |  |  |  | - |
Single-family residential |  |  | 5,988 |  |  |  | 268 |  |  |  | 6,256 |  |  |  | 200,161 |  |  |  | 206,417 |  |  |  | - |
Single-family residential - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Banco de la Gente stated income |  |  | 8,998 |  |  |  | 610 |  |  |  | 9,608 |  |  |  | 37,407 |  |  |  | 47,015 |  |  |  | - |
Commercial |  |  | 3,205 |  |  |  | 366 |  |  |  | 3,571 |  |  |  | 224,987 |  |  |  | 228,558 |  |  |  | - |
Multifamily and farmland |  |  | 85 |  |  |  | - |  |  |  | 85 |  |  |  | 12,315 |  |  |  | 12,400 |  |  |  | - |
Total real estate loans |  |  | 18,570 |  |  |  | 4,784 |  |  |  | 23,354 |  |  |  | 528,653 |  |  |  | 552,007 |  |  |  | - |
Loans not secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  |  | 241 |  |  |  | 49 |  |  |  | 290 |  |  |  | 75,972 |  |  |  | 76,262 |  |  |  | - |
Farm loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7 |  |  |  | 7 |  |  |  | - |
Consumer loans |  |  | 184 |  |  |  | - |  |  |  | 184 |  |  |  | 9,876 |  |  |  | 10,060 |  |  |  | - |
All other loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 13,555 |  |  |  | 13,555 |  |  |  | - |
Total loans |  | $ | 18,995 |  |  |  | 4,833 |  |  |  | 23,828 |  |  |  | 628,063 |  |  |  | 651,891 |  |  |  | - |
Non-accrual loans | The following table presents the Company’s non-accrual loans as of June 30, 2015 and December 31, 2014:
(Dollars in thousands) |  |  |
| June 30, 2015 |  | December 31, 2014
Real estate loans: |  |  |
Construction and land development | $ | 546 |  | 3,854
Single-family residential |  | 3,171 |  | 2,370
Single-family residential - |  |  |  |
Banco de la Gente stated income |  | 1,062 |  | 1,545
Commercial |  | 2,641 |  | 2,598
Multifamily and farmland |  | - |  | 110
Total real estate loans |  | 7,420 |  | 10,477
Loans not secured by real estate: |  |  |  |
Commercial loans |  | 109 |  | 176
Consumer loans |  | 67 |  | 75
Total | $ | 7,596 |  | 10,728
Impaired loans |
June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |
| Unpaid Contractual Principal Balance |  |  | Recorded Investment With No Allowance |  |  | Recorded Investment With Allowance |  |  | Recorded Investment in Impaired Loans |  |  | Related Allowance |  |  | Average Outstanding Impaired Loans |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 1,083 |  |  |  | 241 |  |  |  | 627 |  |  |  | 868 |  |  |  | 44 |  |  |  | 1,992 |
Single-family residential |  |  | 8,396 |  |  |  | 1,606 |  |  |  | 6,442 |  |  |  | 8,048 |  |  |  | 176 |  |  |  | 8,535 |
Single-family residential - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Banco de la Gente stated income |  |  | 20,375 |  |  |  | - |  |  |  | 19,798 |  |  |  | 19,798 |  |  |  | 1,167 |  |  |  | 19,421 |
Commercial |  |  | 4,797 |  |  |  | 1,753 |  |  |  | 2,626 |  |  |  | 4,379 |  |  |  | 243 |  |  |  | 4,404 |
Multifamily and farmland |  |  | 101 |  |  |  | - |  |  |  | 98 |  |  |  | 98 |  |  |  | - |  |  |  | 103 |
Total impaired real estate loans |  |  | 34,752 |  |  |  | 3,600 |  |  |  | 29,591 |  |  |  | 33,191 |  |  |  | 1,630 |  |  |  | 34,455 |
Loans not secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  |  | 159 |  |  |  | - |  |  |  | 133 |  |  |  | 133 |  |  |  | 2 |  |  |  | 156 |
Consumer loans |  |  | 296 |  |  |  | - |  |  |  | 288 |  |  |  | 288 |  |  |  | 5 |  |  |  | 304 |
Total impaired loans |  | $ | 35,207 |  |  |  | 3,600 |  |  |  | 30,012 |  |  |  | 33,612 |  |  |  | 1,637 |  |  |  | 34,915 |
December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Unpaid Contractual Principal Balance |  |  | Recorded Investment With No Allowance |  |  | Recorded Investment With Allowance |  |  | Recorded Investment in Impaired Loans |  |  | Related Allowance |  |  | Average Outstanding Impaired Loans |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 5,481 |  |  |  | 3,639 |  |  |  | 555 |  |  |  | 4,194 |  |  |  | 31 |  |  |  | 5,248 |
Single-family residential |  |  | 6,717 |  |  |  | 933 |  |  |  | 5,540 |  |  |  | 6,473 |  |  |  | 154 |  |  |  | 7,430 |
Single-family residential - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Banco de la Gente stated income |  |  | 21,243 |  |  |  | - |  |  |  | 20,649 |  |  |  | 20,649 |  |  |  | 1,191 |  |  |  | 19,964 |
Commercial |  |  | 4,752 |  |  |  | 1,485 |  |  |  | 2,866 |  |  |  | 4,351 |  |  |  | 272 |  |  |  | 4,399 |
Multifamily and farmland |  |  | 111 |  |  |  | - |  |  |  | 110 |  |  |  | 110 |  |  |  | 1 |  |  |  | 154 |
Total impaired real estate loans |  |  | 38,304 |  |  |  | 6,057 |  |  |  | 29,720 |  |  |  | 35,777 |  |  |  | 1,649 |  |  |  | 37,195 |
Loans not secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  |  | 218 |  |  |  | - |  |  |  | 201 |  |  |  | 201 |  |  |  | 4 |  |  |  | 641 |
Farm loans (non RE) |  |  |  |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer loans |  |  | 318 |  |  |  | - |  |  |  | 313 |  |  |  | 313 |  |  |  | 5 |  |  |  | 309 |
All other loans (not secured by real estate) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total impaired loans |  | $ | 38,840 |  |  |  | 6,057 |  |  |  | 30,234 |  |  |  | 36,291 |  |  |  | 1,658 |  |  |  | 38,145 |
Changes in the allowance for loan losses |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Real Estate Loans |  |  |  |  |  |  |  |  |  |  |
| Construction and Land Development |  | Single- Family Residential |  | Single- Family Residential - Banco de la Gente Stated Income |  | Commercial |  | Multifamily and Farmland |  | Commercial |  | Farm |  | Consumer and All Other |  | Unallocated |  | Total |
Six months ended June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 2,785 |  | 2,566 |  | 1,610 |  | 1,902 |  | 7 |  | 1,098 |  | - |  | 233 |  | 881 |  | 11,082 |
Charge-offs |  | (73 | ) | (400 | ) | (59 | ) | (62 | ) | - |  | (15 | ) | - |  | (253 | ) | - |  | (862 | )
Recoveries |  | 23 |  | 10 |  | 22 |  | 10 |  | - |  | 53 |  | - |  | 81 |  | - |  | 199 |
Provision |  | 189 |  | 280 |  | (45 | ) | (101 | ) | (5 | ) | (234 | ) | - |  | 170 |  | (295 | ) | (41 | )
Ending balance | $ | 2,924 |  | 2,456 |  | 1,528 |  | 1,749 |  | 2 |  | 902 |  | - |  | 231 |  | 586 |  | 10,378 |
Three months ended June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 2,758 |  | 2,599 |  | 1,586 |  | 1,786 |  | 6 |  | 1,181 |  | - |  | 208 |  | 719 |  | 10,843 |
Charge-offs |  | - |  | (109 | ) | (17 | ) | (59 | ) | - |  | (15 | ) | - |  | (132 | ) | - |  | (332 | )
Recoveries |  | 18 |  | 4 |  | - |  | 5 |  | - |  | 17 |  | - |  | 37 |  | - |  | 81 |
Provision |  | 148 |  | (38 | ) | (41 | ) | 17 |  | (4 | ) | (281 | ) | - |  | 118 |  | (133 | ) | (214 | )
Ending balance | $ | 2,924 |  | 2,456 |  | 1,528 |  | 1,749 |  | 2 |  | 902 |  | - |  | 231 |  | 586 |  | 10,378 |
Allowance for loan losses June 30, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: individually |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | - |  | 92 |  | 1,135 |  | 235 |  | - |  | - |  | - |  | - |  | - |  | 1,462 |
Ending balance: collectively |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment |  | 2,924 |  | 2,364 |  | 393 |  | 1,514 |  | 2 |  | 902 |  | - |  | 231 |  | 586 |  | 8,916 |
Ending balance | $ | 2,924 |  | 2,456 |  | 1,528 |  | 1,749 |  | 2 |  | 902 |  | - |  | 231 |  | 586 |  | 10,378 |
Loans June 30, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 60,066 |  | 208,653 |  | 45,252 |  | 231,684 |  | 12,402 |  | 85,124 |  | 4 |  | 23,582 |  | - |  | 666,767 |
Ending balance: individually |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | 241 |  | 2,998 |  | 18,346 |  | 3,575 |  | - |  | - |  | - |  | - |  | - |  | 25,160 |
Ending balance: collectively |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | 59,825 |  | 205,655 |  | 26,906 |  | 228,109 |  | 12,402 |  | 85,124 |  | 4 |  | 23,582 |  | - |  | 641,607 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Real Estate Loans |  |  |  |  |  |  |  |  |  |  |
| Construction and Land Development |  | Single- Family Residential |  | Single- Family Residential - Banco de la Gente Stated Income |  | Commercial |  | Multifamily and Farmland |  | Commercial |  | Farm |  | Consumer and All Other |  | Unallocated |  | Total |
Six months ended June 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 3,218 |  | 3,123 |  | 1,863 |  | 2,219 |  | 37 |  | 1,069 |  | - |  | 245 |  | 1,727 |  | 13,501 |
Charge-offs |  | (260 | ) | (194 | ) | (140 | ) | (131 | ) | - |  | (193 | ) | - |  | (254 | ) | - |  | (1,172 | )
Recoveries |  | 282 |  | 60 |  | 17 |  | 161 |  | - |  | 26 |  | - |  | 82 |  | - |  | 628 |
Provision |  | 147 |  | (141 | ) | (32 | ) | (410 | ) | (30 | ) | 179 |  | - |  | 180 |  | (175 | ) | (282 | )
Ending balance | $ | 3,387 |  | 2,848 |  | 1,708 |  | 1,839 |  | 7 |  | 1,081 |  | - |  | 253 |  | 1,552 |  | 12,675 |
Three months ended June 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 3,133 |  | 3,132 |  | 1,767 |  | 2,196 |  | 36 |  | 945 |  | - |  | 230 |  | 1,539 |  | 12,978 |
Charge-offs |  | - |  | (171 | ) | (108 | ) | (20 | ) | - |  | (181 | ) | - |  | (117 | ) | - |  | (597 | )
Recoveries |  | 3 |  | 52 |  | 5 |  | 101 |  | - |  | 21 |  | - |  | 45 |  | - |  | 227 |
Provision |  | 251 |  | (165 | ) | 44 |  | (438 | ) | (29 | ) | 296 |  | - |  | 95 |  | 13 |  | 67 |
Ending balance | $ | 3,387 |  | 2,848 |  | 1,708 |  | 1,839 |  | 7 |  | 1,081 |  | - |  | 253 |  | 1,552 |  | 12,675 |
Allowance for loan losses June 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance: individually |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | - |  | 67 |  | 1,175 |  | - |  | - |  | 242 |  | - |  | - |  | - |  | 1,484 |
Ending balance: collectively |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment |  | 3,387 |  | 2,781 |  | 533 |  | 1,839 |  | 7 |  | 839 |  | - |  | 253 |  | 1,552 |  | 11,191 |
Ending balance | $ | 3,387 |  | 2,848 |  | 1,708 |  | 1,839 |  | 7 |  | 1,081 |  | - |  | 253 |  | 1,552 |  | 12,675 |
Loans June 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 59,843 |  | 196,192 |  | 48,165 |  | 214,378 |  | 11,821 |  | 78,056 |  | 93 |  | 24,788 |  | - |  | 633,336 |
Ending balance: individually |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | 5,297 |  | 2,325 |  | 19,287 |  | - |  | - |  | 3,307 |  | - |  | 250 |  | - |  | 30,466 |
Ending balance: collectively |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | 54,546 |  | 193,867 |  | 28,878 |  | 214,378 |  | 11,821 |  | 74,749 |  | 93 |  | 24,538 |  | - |  | 602,870 |
Credit risk profile of each loan type based on internally assigned risk grade | The following tables present the credit risk profile of each loan type based on internally assigned risk grades as of June 30, 2015 and December 31, 2014:
June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Real Estate Loans |  |  |  |  |  |  |  |  |  |
| Construction and Land Development |  | Single- Family Residential |  | Single- Family Residential - Banco de la Gente Stated Income |  | Commercial |  | Multifamily and Farmland |  | Commercial |  | Farm |  | Consumer |  | All Other |  | Total
1- Excellent Quality | $ | - |  | 14,306 |  | - |  | - |  | - |  | 984 |  | - |  | 1,222 |  | - |  | 16,512
2- High Quality |  | 9,578 |  | 80,824 |  | - |  | 41,564 |  | 218 |  | 26,392 |  | - |  | 3,698 |  | 1,741 |  | 164,015
3- Good Quality |  | 28,682 |  | 71,510 |  | 20,081 |  | 142,618 |  | 9,096 |  | 44,283 |  | 4 |  | 4,499 |  | 9,997 |  | 330,770
4- Management Attention |  | 12,361 |  | 30,906 |  | 12,510 |  | 37,876 |  | 358 |  | 12,839 |  | - |  | 540 |  | 1,775 |  | 109,165
5- Watch |  | 8,817 |  | 4,674 |  | 5,746 |  | 5,604 |  | 2,730 |  | 473 |  | - |  | 42 |  | - |  | 28,086
6- Substandard |  | 628 |  | 6,433 |  | 6,915 |  | 4,022 |  | - |  | 153 |  | - |  | 68 |  | - |  | 18,219
7- Doubtful |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
8- Loss |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Total | $ | 60,066 |  | 208,653 |  | 45,252 |  | 231,684 |  | 12,402 |  | 85,124 |  | 4 |  | 10,069 |  | 13,513 |  | 666,767
December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Real Estate Loans |  |  |  |  |  |  |  |  |  |
| Construction and Land Development |  | Single- Family Residential |  | Single- Family Residential - Banco de la Gente Stated Income |  | Commercial |  | Multifamily and Farmland |  | Commercial |  | Farm |  | Consumer |  | All Other |  | Total
1- Excellent Quality | $ | - |  | 15,099 |  | - |  | - |  | - |  | 924 |  | - |  | 1,232 |  | - |  | 17,255
2- High Quality |  | 6,741 |  | 74,367 |  | - |  | 39,888 |  | 241 |  | 18,730 |  | - |  | 3,576 |  | 1,860 |  | 145,403
3- Good Quality |  | 24,641 |  | 74,453 |  | 21,022 |  | 142,141 |  | 8,376 |  | 44,649 |  | 7 |  | 4,549 |  | 8,055 |  | 327,893
4- Management Attention |  | 13,013 |  | 30,954 |  | 12,721 |  | 36,433 |  | 1,001 |  | 11,312 |  | - |  | 566 |  | 3,640 |  | 109,640
5- Watch |  | 9,294 |  | 5,749 |  | 5,799 |  | 6,153 |  | 2,672 |  | 383 |  | - |  | 46 |  | - |  | 30,096
6- Substandard |  | 3,928 |  | 5,795 |  | 7,473 |  | 3,943 |  | 110 |  | 264 |  | - |  | 87 |  | - |  | 21,600
7- Doubtful |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
8- Loss |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | 4 |  | - |  | 4
Total | $ | 57,617 |  | 206,417 |  | 47,015 |  | 228,558 |  | 12,400 |  | 76,262 |  | 7 |  | 10,060 |  | 13,555 |  | 651,891
Analysis of loan modifications | The following tables present an analysis of loan modifications during the six months ended June 30, 2015 and 2014:
Six months ended June 30, 2015 |  |  |  |  |
(Dollars in thousands) |  |  |  |  |
| Number of Contracts |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
Real estate loans |  |  |  |  |
Single-family residential | 1 |  | $ | 146 |  | 144
Total real estate TDR loans | 1 |  |  | 146 |  | 144
Total TDR loans | 1 |  | $ | 146 |  | 144
During the six months ended June 30, 2015, one loan was modified that was considered to be a troubled debt restructuring. The interest rate was modified on this loan.
Six months ended June 30, 2014 |  |  |  |  |
(Dollars in thousands) |  |  |  |  |
| Number of Contracts |  | Pre-Modification Outstanding Recorded Investment |  | Post-Modification Outstanding Recorded Investment
Real estate loans |  |  |  |  |
Construction and land development | 1 |  | $ | 316 |  | 316
Single-family residential | 1 |  |  | 734 |  | 734
Single-family residential - |  |  |  |  |  |
Banco de la Gente stated income | 6 |  |  | 494 |  | 494
Commercial | - |  |  | - |  | -
Multifamily and farmland | - |  |  | - |  | -
Total real estate TDR loans | 8 |  |  | 1,544 |  | 1,544
Total TDR loans | 8 |  | $ | 1,544 |  | 1,544

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