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3. Loans (Tables)

9 Months Ended

Sep. 30, 2016

Receivables [Abstract]

Major classifications of loans

(Dollars in thousands)
		September 30, 2016				December 31, 2015
Real estate loans:
Construction and land development		$	59,456				65,791
Single-family residential			231,958				220,690
Single-family residential -
Banco de la Gente stated income			40,934				43,733
Commercial			240,150				228,526
Multifamily and farmland			18,727				18,080
Total real estate loans			591,225				576,820
Loans not secured by real estate:
Commercial loans			94,790				91,010
Farm loans			-				3
Consumer loans			10,036				10,027
All other loans			16,968				11,231
Total loans			713,019				689,091
Less allowance for loan losses			8,045				9,589
Total net loans		$	704,974				679,502

Age analysis of past due loans, by loan type

September 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		$	18				13				31				59,425				59,456				-
Single-family residential			1,344				310				1,654				230,304				231,958				-
Single-family residential -
Banco de la Gente stated income			1,588				257				1,845				39,089				40,934				-
Commercial			58				-				58				240,092				240,150				-
Multifamily and farmland			-				-				-				18,727				18,727				-
Total real estate loans			3,008				580				3,588				587,637				591,225				-
Loans not secured by real estate:
Commercial loans			85				-				85				94,705				94,790				-
Farm loans			-				-				-				-				-				-
Consumer loans			95				7				102				9,934				10,036				-
All other loans			-				-				-				16,968				16,968				-
Total loans		$	3,188				587				3,775				709,244				713,019				-

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)
		September 30, 2016				December 31, 2015
Real estate loans:
Construction and land development		$	31				146
Single-family residential			1,797				4,023
Single-family residential -
Banco de la Gente stated income			1,251				1,106
Commercial			1,571				2,992
Multifamily and farmland			-				-
Total real estate loans			4,650				8,267
Loans not secured by real estate:
Commercial loans			66				113
Consumer loans			41				52
Total		$	4,757				8,432

Impaired loans

September 30, 2016
(Dollars in thousands)
												Nine months ended				Three months ended
	Unpaid Contractual Principal Balance			Recorded Investment With No Allowance		Recorded Investment With Allowance		Recorded Investment  in Impaired Loans		Related Allowance		Average Outstanding Impaired Loans		Interest Income Recognized		Average Outstanding Impaired Loans		Interest  Income Recognized
Real estate loans:
Construction and land development	$	292		-		288		288		13		375		10		369		3
Single-family residential		5,731		878		4,473		5,351		46		8,921		122		6,556		40
Single-family residential -
Banco de la Gente stated income		18,603		-		18,094		18,094		1,188		17,673		657		17,395		207
Commercial		3,775		1,221		2,222		3,443		174		5,376		73		4,013		24
Multifamily and farmland		78		-		78		78		-		79		3		78		-
Total impaired real estate loans		28,479		2,099		25,155		27,254		1,421		32,424		865		28,411		274
Loans not secured by real estate:
Commercial loans		74		-		73		73		1		123		-		116		-
Consumer loans		226		-		219		219		4		235		6		225		2
Total impaired loans	$	28,779		2,099		25,447		27,546		1,426		32,782		871		28,752		276

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		YTD Interest Income Recognized
Real estate loans:
Construction and land development	$	643		216		226		442		12		705		18
Single-family residential		8,828		1,489		6,805		8,294		189		10,852		224
Single-family residential -
Banco de la Gente stated income		20,375		-		19,215		19,215		1,143		18,414		921
Commercial		4,556		-		4,893		4,893		179		5,497		89
Multifamily and farmland		96		-		83		83		-		93		6
Total impaired real estate loans		34,498		1,705		31,222		32,927		1,523		35,561		1,258
Loans not secured by real estate:
Commercial loans		180		-		161		161		3		132		5
Consumer loans		286		-		260		260		4		283		11
Total impaired loans	$	34,964		1,705		31,643		33,348		1,530		35,976		1,274

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
Nine months ended September 30, 2016:
Allowance for loan losses:
Beginning balance	$	2,185		2,534		1,460		1,917		-		842		-		172		479		9,589
Charge-offs		-		(158	)	-		(106	)	-		(129	)	-		(361	)	-		(754	)
Recoveries		8		18		-		15		-		165		-		112		-		318
Provision		(808	)	(388	)	(60	)	(250	)	47		(118	)	-		291		178		(1,108	)
Ending balance	$	1,385		2,006		1,400		1,576		47		760		-		214		657		8,045
Three months ended September 30, 2016:
Allowance for loan losses:
Beginning balance	$	1,582		2,233		1,354		1,650		46		803		-		234		638		8,540
Charge-offs		-		(35	)	-		-		-		(89	)	-		(122	)	-		(246	)
Recoveries		2		6		-		5		-		60		-		38		-		111
Provision		(199	)	(198	)	46		(79	)	1		(14	)	-		64		19		(360	)
Ending balance	$	1,385		2,006		1,400		1,576		47		760		-		214		657		8,045
Allowance for loan losses at September 30, 2016:
Ending balance: individually
evaluated for impairment	$	-		-		1,164		167		-		-		-		-		-		1,331
Ending balance: collectively
evaluated for impairment		1,385		2,006		236		1,409		47		760		-		214		657		6,714
Ending balance	$	1,385		2,006		1,400		1,576		47		760		-		214		657		8,045
Loans at September 30, 2016:
Ending balance	$	59,456		231,958		40,934		240,150		18,727		94,790		-		27,004		-		713,019
Ending balance: individually
evaluated for impairment	$	-		1,019		16,890		3,586		-		-		-		-		-		21,495
Ending balance: collectively
evaluated for impairment	$	59,456		230,939		24,044		236,564		18,727		94,790		-		27,004		-		691,524

(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
Nine months ended September 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		(198	)	(447	)	(59	)	(62	)	-		(16	)	-		(394	)	-		(1,176	)
Recoveries		43		30		22		15		-		96		-		115		-		321
Provision		119		676		(113	)	75		(2	)	(297	)	-		258		(523	)	193
Ending balance	$	2,749		2,825		1,460		1,930		5		881		-		212		358		10,420
Three months ended September 30, 2015:
Allowance for loan losses:
Beginning balance	$	2,924		2,456		1,528		1,749		2		902		-		231		586		10,378
Charge-offs		(110	)	(48	)	-		-		-		(1	)	-		(156	)	-		(315	)
Recoveries		20		21		-		5		-		43		-		33		-		122
Provision		(85	)	396		(68	)	176		3		(63	)	-		104		(228	)	235
Ending balance	$	2,749		2,825		1,460		1,930		5		881		-		212		358		10,420
Allowance for loan losses September 30, 2015:
Ending balance: individually
evaluated for impairment	$	-		96		1,128		227		-		-		-		-		-		1,451
Ending balance: collectively
evaluated for impairment		2,749		2,729		332		1,703		5		881		-		212		358		8,969
Ending balance	$	2,749		2,825		1,460		1,930		5		881		-		212		358		10,420
Loans September 30, 2015:
Ending balance	$	61,748		218,365		44,433		234,003		14,003		88,931		3		23,314		-		684,800
Ending balance: individually
evaluated for impairment	$	241		2,944		18,193		3,525		-		-		-		-		-		24,903
Ending balance: collectively
evaluated for impairment	$	61,507		215,421		26,240		230,478		14,003		88,931		3		23,314		-		659,897

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

September 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	$	-		12,340		-		-		-		546		-		1,069		50		14,005
2- High Quality		8,012		103,847		-		39,701		2,915		28,510		-		3,399		2,580		188,964
3- Good Quality		32,958		81,307		17,136		166,724		12,150		59,125		-		4,838		12,565		386,803
4- Management Attention		11,406		25,846		15,811		27,507		1,187		6,248		-		632		1,773		90,410
5- Watch		6,858		3,854		2,807		3,321		2,475		250		-		43		-		19,608
6- Substandard		222		4,764		5,180		2,897		-		111		-		54		-		13,228
7- Doubtful		-		-		-		-		-		-		-		-		-		-
8- Loss		-		-		-		-		-		-		-		1		-		1
Total	$	59,456		231,958		40,934		240,150		18,727		94,790		-		10,036		16,968		713,019

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

Three and nine months ended September 30, 2016
(Dollars in thousands)
	Number of Contracts		Pre-Modification Outstanding Recorded  Investment			Post-Modification Outstanding Recorded Investment
Real estate loans
Single-family residential	1		$	41		41
Total real estate TDR loans	1			41		41
Total TDR loans	1		$	41		41

Nine months ended September 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		142
Total real estate TDR loans	1			146		142
Total TDR loans	1		$	146		142

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