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3. Loans (Tables)

6 Months Ended

Jun. 30, 2016

Receivables [Abstract]

Major classifications of loans

(Dollars in thousands)		June 30, 2016				December 31, 2015
Real estate loans:
Construction and land development		$	60,075				65,791
Single-family residential			229,586				220,690
Single-family residential -
Banco de la Gente stated income			41,910				43,733
Commercial			232,035				228,526
Multifamily and farmland			18,688				18,080
Total real estate loans			582,294				576,820
Loans not secured by real estate:
Commercial loans			91,347				91,010
Farm loans			1				3
Consumer loans			9,776				10,027
All other loans			18,613				11,231
Total loans			702,031				689,091
Less allowance for loan losses			8,540				9,589
Total net loans		$	693,491				679,502

Age analysis of past due loans, by loan type

June 30,2016
(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		$	215				28				243				59,832				60,075				-
Single-family residential			1,934				465				2,399				227,187				229,586				-
Single-family residential -
Banco de la Gente stated income			1,582				173				1,755				40,155				41,910				-
Commercial			1,061				824				1,885				230,150				232,035				-
Multifamily and farmland			-				-				-				18,688				18,688				-
Total real estate loans			4,792				1,490				6,282				576,012				582,294				-
Loans not secured by real estate:
Commercial loans			63				21				84				91,263				91,347				-
Farm loans			-				-				-				1				1				-
Consumer loans			87				7				94				9,682				9,776				-
All other loans			-				-				-				18,613				18,613				-
Total loans		$	4,942				1,518				6,460				695,571				702,031				-

December 31, 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		$	330				17				347				65,444				65,791				-
Single-family residential			2,822				1,385				4,207				216,483				220,690				-
Single-family residential -
Banco de la Gente stated income			7,021				114				7,135				36,598				43,733				-
Commercial			2,619				157				2,776				225,750				228,526				-
Multifamily and farmland			-				-				-				18,080				18,080				-
Total real estate loans			12,792				1,673				14,465				562,355				576,820				-
Loans not secured by real estate:
Commercial loans			185				40				225				90,785				91,010				17
Farm loans			-				-				-				3				3				-
Consumer loans			136				8				144				9,883				10,027				-
All other loans			-				-				-				11,231				11,231				-
Total loans		$	13,113				1,721				14,834				674,257				689,091				17

Non-accrual loans

(Dollars in thousands)
		June 30, 2016				December 31, 2015
Real estate loans:
Construction and land development		$	36				146
Single-family residential			3,055				4,023
Single-family residential -
Banco de la Gente stated income			265				1,106
Commercial			2,445				2,992
Multifamily and farmland			-				-
Total real estate loans			5,801				8,267
Loans not secured by real estate:
Commercial loans			140				113
Consumer loans			44				52
Total		$	5,985				8,432

Impaired loans

June 30, 2016
(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		$	341				-				295				295				14				405
Single-family residential			5,886				888				4,682				5,570				149				9,769
Single-family residential -
Banco de la Gente stated income			19,470				-				18,886				18,886				1,117				17,875
Commercial			4,641				1,746				2,582				4,328				182				5,978
Multifamily and farmland			78				-				78				78				-				79
Total impaired real estate loans			30,416				2,634				26,523				29,157				1,462				34,106
Loans not secured by real estate:
Commercial loans			192				-				160				160				2				139
Consumer loans			240				-				231				231				4				241
Total impaired loans		$	30,848				2,634				26,914				29,548				1,468				34,486

December 31, 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		$	643				216				226				442				12				705
Single-family residential			8,828				1,489				6,805				8,294				189				10,852
Single-family residential -
Banco de la Gente stated income			20,375				-				19,215				19,215				1,143				18,414
Commercial			4,556				-				4,893				4,893				179				5,497
Multifamily and farmland			96				-				83				83				-				93
Total impaired real estate loans			34,498				1,705				31,222				32,927				1,523				35,561
Loans not secured by real estate:
Commercial loans			180				-				161				161				3				132
Consumer loans			286				-				260				260				4				283
Total impaired loans		$	34,964				1,705				31,643				33,348				1,530				35,976

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, 2016:
Allowance for loan losses:
Beginning balance		$	2,185				2,534				1,460				1,917				-				842				-				172				479				9,589
Charge-offs			-				(123	)			-				(106	)			-				(39	)			-				(240	)			-				(508	)
Recoveries			6				13				-				11				-				105				-				72				-				207
Provision			(609	)			(191	)			(106	)			(172	)			46				(105	)			-				230				159				(748	)
Ending balance		$	1,582				2,233				1,354				1,650				46				803				-				234				638				8,540
Three months ended June 30, 2016:
Allowance for loan losses:
Beginning balance		$	1,844				2,475				1,423				1,788				-				810				-				190				586				9,116
Charge-offs			-				(64	)			-				-				-				(10	)			-				(112	)			-				(186	)
Recoveries			3				5				-				6				-				99				-				28				-				141
Provision			(265	)			(183	)			(69	)			(144	)			46				(96	)			-				128				52				(531	)
Ending balance		$	1,582				2,233				1,354				1,650				46				803				-				234				638				8,540
Allowance for loan losses at June 30, 2016:
Ending balance: individually
evaluated for impairment		$	-				94				1,092				177				-				-				-				-				-				1,363
Ending balance: collectively
evaluated for impairment			1,582				2,139				262				1,473				46				803				-				234				638				7,177
Ending balance		$	1,582				2,233				1,354				1,650				46				803				-				234				638				8,540
Loans at June 30, 2016:
Ending balance		$	60,075				229,586				41,910				232,035				18,688				91,347				1				28,389				-				702,031
Ending balance: individually
evaluated for impairment		$	-				1,116				17,430				4,716				-				-				-				-				-				23,262
Ending balance: collectively
evaluated for impairment		$	60,075				228,470				24,480				227,319				18,688				91,347				1				28,389				-				678,769

(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 at 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 at 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

Credit risk profile of each loan type based on internally assigned risk grade

June 30, 2016
(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		$	-				13,196				-				-				-				492				-				1,028				50				14,766
2- High Quality			7,507				93,770				-				39,397				2,942				27,341				-				3,327				2,799				177,083
3- Good Quality			32,970				86,587				17,597				158,036				11,873				57,190				1				4,677				13,982				382,913
4- Management Attention			12,456				27,771				16,258				27,113				1,221				5,870				-				647				1,782				93,118
5- Watch			6,911				3,436				2,828				3,708				2,652				252				-				41				-				19,828
6- Substandard			231				4,826				5,227				3,781				-				202				-				56				-				14,323
7- Doubtful			-				-				-				-				-				-				-				-				-				-
8- Loss			-				-				-				-				-				-				-				-				-				-
Total		$	60,075				229,586				41,910				232,035				18,688				91,347				1				9,776				18,613				702,031

December 31, 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		$	-				15,189				-				-				-				700				-				1,091				-				16,980
2- High Quality			10,144				86,061				-				38,647				2,998				24,955				-				3,647				1,665				168,117
3- Good Quality			35,535				78,843				19,223				148,805				12,058				58,936				3				4,571				7,828				365,802
4- Management Attention			12,544				30,259				15,029				31,824				335				5,905				-				620				1,738				98,254
5- Watch			7,265				4,322				3,308				4,561				2,689				332				-				43				-				22,520
6- Substandard			303				6,016				6,173				4,689				-				182				-				55				-				17,418
7- Doubtful			-				-				-				-				-				-				-				-				-				-
8- Loss			-				-				-				-				-				-				-				-				-				-
Total		$	65,791				220,690				43,733				228,526				18,080				91,010				3				10,027				11,231				689,091

Analysis of loan modifications

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

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- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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