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3. Loans (Tables) | 12 Months Ended
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Dec. 31, 2016
Loans Tables |
Major classifications of loans |
(Dollars in thousands) |  |  |  |  |
|  | December 31, 2016 |  |  | December 31, 2015
Real estate loans: |  |  |  |  |
Construction and land development |  | $ | 61,749 |  |  |  | 65,791
Single-family residential |  |  | 240,700 |  |  |  | 220,690
Single-family residential - |  |  |  |  |  |  |
Banco de la Gente stated income |  |  | 40,189 |  |  |  | 43,733
Commercial |  |  | 247,521 |  |  |  | 228,526
Multifamily and farmland |  |  | 21,047 |  |  |  | 18,080
Total real estate loans |  |  | 611,206 |  |  |  | 576,820
Loans not secured by real estate: |  |  |  |  |  |  |
Commercial loans |  |  | 87,596 |  |  |  | 91,010
Farm loans |  |  | - |  |  |  | 3
Consumer loans |  |  | 9,832 |  |  |  | 10,027
All other loans |  |  | 15,177 |  |  |  | 11,231
Total loans |  |  | 723,811 |  |  |  | 689,091
Less allowance for loan losses |  |  | 7,550 |  |  |  | 9,589
Total net loans |  | $ | 716,261 |  |  |  | 679,502
Age analysis of past due loans, by loan type |
December 31, 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 |  | $ | - |  |  |  | 10 |  |  |  | 10 |  |  |  | 61,739 |  |  |  | 61,749 |  |  |  | -
Single-family residential |  |  | 4,890 |  |  |  | 80 |  |  |  | 4,970 |  |  |  | 235,730 |  |  |  | 240,700 |  |  |  | -
Single-family residential - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Banco de la Gente stated income |  |  | 5,250 |  |  |  | 249 |  |  |  | 5,499 |  |  |  | 34,690 |  |  |  | 40,189 |  |  |  | -
Commercial |  |  | 342 |  |  |  | 126 |  |  |  | 468 |  |  |  | 247,053 |  |  |  | 247,521 |  |  |  | -
Multifamily and farmland |  |  | 471 |  |  |  | - |  |  |  | 471 |  |  |  | 20,576 |  |  |  | 21,047 |  |  |  | -
Total real estate loans |  |  | 10,953 |  |  |  | 465 |  |  |  | 11,418 |  |  |  | 599,788 |  |  |  | 611,206 |  |  |  | -
Loans not secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  |  | 273 |  |  |  | - |  |  |  | 273 |  |  |  | 87,323 |  |  |  | 87,596 |  |  |  | -
Farm loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | -
Consumer loans |  |  | 68 |  |  |  | 6 |  |  |  | 74 |  |  |  | 9,758 |  |  |  | 9,832 |  |  |  | -
All other loans |  |  | 3 |  |  |  | - |  |  |  | 3 |  |  |  | 15,174 |  |  |  | 15,177 |  |  |  | -
Total loans |  | $ | 11,297 |  |  |  | 471 |  |  |  | 11,768 |  |  |  | 712,043 |  |  |  | 723,811 |  |  |  | -
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) |  |  |  |  |
|  | December 31, 2016 |  |  | December 31, 2015
Real estate loans: |  |  |  |  |
Construction and land development |  | $ | 22 |  |  |  | 146
Single-family residential |  |  | 1,662 |  |  |  | 4,023
Single-family residential - |  |  |  |  |  |  |
Banco de la Gente stated income |  |  | 1,340 |  |  |  | 1,106
Commercial |  |  | 669 |  |  |  | 2,992
Multifamily and farmland |  |  | 78 |  |  |  | -
Total real estate loans |  |  | 3,771 |  |  |  | 8,267
Loans not secured by real estate: |  |  |  |  |  |  |
Commercial loans |  |  | 21 |  |  |  | 113
Consumer loans |  |  | 33 |  |  |  | 52
Total |  | $ | 3,825 |  |  |  | 8,432
Impaired loans |
December 31, 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 |  |  | YTD Interest Income Recognized
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 282 |  |  |  | - |  |  |  | 278 |  |  |  | 278 |  |  |  | 11 |  |  |  | 330 |  |  |  | 13
Single-family residential |  |  | 5,354 |  |  |  | 703 |  |  |  | 4,323 |  |  |  | 5,026 |  |  |  | 47 |  |  |  | 7,247 |  |  |  | 164
Single-family residential - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Banco de la Gente stated income |  |  | 18,611 |  |  |  | - |  |  |  | 18,074 |  |  |  | 18,074 |  |  |  | 1,182 |  |  |  | 17,673 |  |  |  | 861
Commercial |  |  | 3,750 |  |  |  | 1,299 |  |  |  | 2,197 |  |  |  | 3,496 |  |  |  | 166 |  |  |  | 4,657 |  |  |  | 152
Multifamily and farmland |  |  | 78 |  |  |  | - |  |  |  | 78 |  |  |  | 78 |  |  |  | - |  |  |  | 78 |  |  |  | -
Total impaired real estate loans |  |  | 28,075 |  |  |  | 2,002 |  |  |  | 24,950 |  |  |  | 26,952 |  |  |  | 1,406 |  |  |  | 29,985 |  |  |  | 1,190
Loans not secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  |  | 27 |  |  |  | - |  |  |  | 27 |  |  |  | 27 |  |  |  | - |  |  |  | 95 |  |  |  | -
Consumer loans |  |  | 211 |  |  |  | - |  |  |  | 202 |  |  |  | 202 |  |  |  | 3 |  |  |  | 222 |  |  |  | 8
Total impaired loans |  | $ | 28,313 |  |  |  | 2,002 |  |  |  | 25,179 |  |  |  | 27,181 |  |  |  | 1,409 |  |  |  | 30,302 |  |  |  | 1,198
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
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 |  |  | YTD Interest Income Recognized
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 5,481 |  |  |  | 3,639 |  |  |  | 555 |  |  |  | 4,194 |  |  |  | 31 |  |  |  | 5,248 |  |  |  | 20
Single-family residential |  |  | 6,717 |  |  |  | 933 |  |  |  | 5,540 |  |  |  | 6,473 |  |  |  | 154 |  |  |  | 7,430 |  |  |  | 214
Single-family residential - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Banco de la Gente stated income |  |  | 21,243 |  |  |  | - |  |  |  | 20,649 |  |  |  | 20,649 |  |  |  | 1,191 |  |  |  | 19,964 |  |  |  | 952
Commercial |  |  | 4,752 |  |  |  | 1,485 |  |  |  | 2,866 |  |  |  | 4,351 |  |  |  | 272 |  |  |  | 4,399 |  |  |  | 76
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 |  |  |  | 1,262
Loans not secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  |  | 218 |  |  |  | - |  |  |  | 201 |  |  |  | 201 |  |  |  | 4 |  |  |  | 641 |  |  |  | 2
Farm loans (non RE) |  |  |  |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer loans |  |  | 318 |  |  |  | - |  |  |  | 313 |  |  |  | 313 |  |  |  | 5 |  |  |  | 309 |  |  |  | 12
Total impaired loans |  | $ | 38,840 |  |  |  | 6,057 |  |  |  | 30,234 |  |  |  | 36,291 |  |  |  | 1,658 |  |  |  | 38,145 |  |  |  | 1,276
Fair value measurements for impaired loans and other real estate on a non-recurring basis |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value Measurements December 31, 2016 |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation
Mortgage loans held for sale |  | $ | 5,709 |  |  |  | - |  |  |  | - |  |  |  | 5,709
Impaired loans |  | $ | 25,931 |  |  |  | - |  |  |  | - |  |  |  | 25,931
Other real estate |  | $ | 283 |  |  |  | - |  |  |  | - |  |  |  | 283
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value Measurements December 31, 2015 |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation
Mortgage loans held for sale |  | $ | 4,149 |  |  |  | - |  |  |  | - |  |  |  | 4,149
Impaired loans |  | $ | 31,818 |  |  |  | - |  |  |  | - |  |  |  | 31,818
Other real estate |  | $ | 739 |  |  |  | - |  |  |  | - |  |  |  | 739
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
|  | Fair Value December 31, 2016 |  |  | Fair Value December 31, 2015 |  | Valuation Technique |  | Significant Unobservable Inputs |  |  | General Range of Significant Unobservable Input Values
Mortgage loans held for sale |  | $ | 5,709 |  |  |  | 4,149 |  | Rate lock commitment |  |  | N/A |  |  |  | N/A
Impaired loans |  | $ | 25,931 |  |  |  | 31,818 |  | Appraised value and discounted cash flows |  | Discounts to reflect current market conditions and ultimate collectability |  |  |  | 0 - 25%
Other real estate |  | $ | 283 |  |  |  | 739 |  | Appraised value |  | Discounts to reflect current market conditions and estimated costs to sell |  |  |  | 0 - 25%
Changes in the allowance for loan losses | Changes in the allowance for loan losses for the year ended December 31, 2016 were as follows:
(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 |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 2,185 |  | 2,534 |  | 1,460 |  | 1,917 |  | - |  | 842 |  | - |  | 172 |  | 479 |  | 9,589 |
Charge-offs |  | (7 | ) | (275 | ) | - |  | (318 | ) | - |  | (146 | ) | - |  | (492 | ) | - |  | (1,238 | )
Recoveries |  | 10 |  | 55 |  | - |  | 19 |  | - |  | 170 |  | - |  | 151 |  | - |  | 405 |
Provision |  | (1,036 | ) | (188 | ) | (83 | ) | (25 | ) | 52 |  | (191 | ) | - |  | 373 |  | (108 | ) | (1,206 | )
Ending balance | $ | 1,152 |  | 2,126 |  | 1,377 |  | 1,593 |  | 52 |  | 675 |  | - |  | 204 |  | 371 |  | 7,550 |
Ending balance: individually |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | - |  | - |  | 1,160 |  | 159 |  | - |  | - |  | - |  | - |  | - |  | 1,319 |
Ending balance: collectively |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment |  | 1,152 |  | 2,126 |  | 217 |  | 1,434 |  | 52 |  | 675 |  | - |  | 204 |  | 371 |  | 6,231 |
Ending balance | $ | 1,152 |  | 2,126 |  | 1,377 |  | 1,593 |  | 52 |  | 675 |  | - |  | 204 |  | 371 |  | 7,550 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 61,749 |  | 240,700 |  | 40,189 |  | 247,521 |  | 21,047 |  | 87,596 |  | - |  | 25,009 |  | - |  | 723,811 |
Ending balance: individually |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | - |  | 935 |  | 16,718 |  | 3,648 |  | - |  | - |  | - |  | - |  | - |  | 21,301 |
Ending balance: collectively |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | 61,749 |  | 239,765 |  | 23,471 |  | 243,873 |  | 21,047 |  | 87,596 |  | - |  | 25,009 |  | - |  | 702,510 |
Changes in the allowance for loan losses for the year ended December 31, 2015 were as follows:
(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 |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 2,785 |  | 2,566 |  | 1,610 |  | 1,902 |  | 7 |  | 1,098 |  | - |  | 233 |  | 881 |  | 11,082 |
Charge-offs |  | (198 | ) | (618 | ) | (117 | ) | (329 | ) | - |  | (37 | ) | - |  | (545 | ) | - |  | (1,844 | )
Recoveries |  | 45 |  | 34 |  | 22 |  | 21 |  | - |  | 101 |  | - |  | 145 |  | - |  | 368 |
Provision |  | (447 | ) | 552 |  | (55 | ) | 323 |  | (7 | ) | (320 | ) | - |  | 339 |  | (402 | ) | (17 | )
Ending balance | $ | 2,185 |  | 2,534 |  | 1,460 |  | 1,917 |  | - |  | 842 |  | - |  | 172 |  | 479 |  | 9,589 |
Ending balance: individually |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | - |  | 96 |  | 1,115 |  | 171 |  | - |  | - |  | - |  | - |  | - |  | 1,382 |
Ending balance: collectively |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment |  | 2,185 |  | 2,438 |  | 345 |  | 1,746 |  | - |  | 842 |  | - |  | 172 |  | 479 |  | 8,207 |
Ending balance | $ | 2,185 |  | 2,534 |  | 1,460 |  | 1,917 |  | - |  | 842 |  | - |  | 172 |  | 479 |  | 9,589 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 65,791 |  | 220,690 |  | 43,733 |  | 228,526 |  | 18,080 |  | 91,010 |  | 3 |  | 21,258 |  | - |  | 689,091 |
Ending balance: individually |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | 216 |  | 2,636 |  | 17,850 |  | 4,212 |  | - |  | - |  | - |  | - |  | - |  | 24,914 |
Ending balance: collectively |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | 65,575 |  | 218,054 |  | 25,883 |  | 224,314 |  | 18,080 |  | 91,010 |  | 3 |  | 21,258 |  | - |  | 664,177 |
Changes in the allowance for loan losses for the year ended December 31, 2014 were as follows:
(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 |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance | $ | 3,218 |  | 3,123 |  | 1,863 |  | 2,219 |  | 37 |  | 1,069 |  | - |  | 245 |  | 1,727 |  | 13,501 |
Charge-offs |  | (884 | ) | (309 | ) | (190 | ) | (290 | ) | - |  | (430 | ) | - |  | (534 | ) | - |  | (2,637 | )
Recoveries |  | 428 |  | 72 |  | 16 |  | 171 |  | - |  | 54 |  | - |  | 176 |  | - |  | 917 |
Provision |  | 23 |  | (320 | ) | (79 | ) | (198 | ) | (30 | ) | 405 |  | - |  | 346 |  | (846 | ) | (699 | )
Ending balance | $ | 2,785 |  | 2,566 |  | 1,610 |  | 1,902 |  | 7 |  | 1,098 |  | - |  | 233 |  | 881 |  | 11,082 |
Ending balance: individually |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | - |  | 82 |  | 1,155 |  | 260 |  | - |  | - |  | - |  | - |  | - |  | 1,497 |
Ending balance: collectively |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment |  | 2,785 |  | 2,484 |  | 455 |  | 1,642 |  | 7 |  | 1,098 |  | - |  | 233 |  | 881 |  | 9,585 |
Ending balance | $ | 2,785 |  | 2,566 |  | 1,610 |  | 1,902 |  | 7 |  | 1,098 |  | - |  | 233 |  | 881 |  | 11,082 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance | $ | 57,617 |  | 206,417 |  | 47,015 |  | 228,558 |  | 12,400 |  | 76,262 |  | 7 |  | 23,615 |  | - |  | 651,891 |
Ending balance: individually |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | 3,639 |  | 2,298 |  | 18,884 |  | 3,345 |  | - |  | - |  | - |  | - |  | - |  | 28,166 |
Ending balance: collectively |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
evaluated for impairment | $ | 53,978 |  | 204,119 |  | 28,131 |  | 225,213 |  | 12,400 |  | 76,262 |  | 7 |  | 23,615 |  | - |  | 623,725 |
Credit risk profile of each loan type based on internally assigned risk grade |
December 31, 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 | $ | - |  | 14,996 |  | - |  | - |  | - |  | 541 |  | - |  | 959 |  | - |  | 16,496
2- High Quality |  | 9,784 |  | 109,809 |  | - |  | 39,769 |  | 2,884 |  | 26,006 |  | - |  | 3,335 |  | 2,507 |  | 194,094
3- Good Quality |  | 33,633 |  | 82,147 |  | 16,703 |  | 176,109 |  | 14,529 |  | 55,155 |  | - |  | 4,842 |  | 10,921 |  | 394,039
4- Management Attention |  | 10,892 |  | 25,219 |  | 15,580 |  | 24,753 |  | 2,355 |  | 5,586 |  | - |  | 619 |  | 1,749 |  | 86,753
5- Watch |  | 7,229 |  | 4,682 |  | 3,943 |  | 4,906 |  | 1,201 |  | 246 |  | - |  | 31 |  | - |  | 22,238
6- Substandard |  | 211 |  | 3,847 |  | 3,963 |  | 1,984 |  | 78 |  | 62 |  | - |  | 42 |  | - |  | 10,187
7- Doubtful |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
8- Loss |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | 4 |  | - |  | 4
Total | $ | 61,749 |  | 240,700 |  | 40,189 |  | 247,521 |  | 21,047 |  | 87,596 |  | - |  | 9,832 |  | 15,177 |  | 723,811
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 TDR loans by loan type |
Year ended December 31, 2016 |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  |  |  |  |  |  |  |  |
|  | Number of Contracts |  |  | Pre-Modification Outstanding Recorded Investment |  |  | Post-Modification Outstanding Recorded Investment |
Real estate loans: |  |  |  |  |  |  |  |  |
Single-family residential |  |  | 3 |  |  | $ | 124 |  |  |  | 121 |
Total TDR loans |  |  | 3 |  |  | $ | 124 |  |  |  | 121 |
During the year ended December 31, 2016, three loans were modified that were considered to be new TDR loans. The interest rate was modified on these TDR loans. The following table presents an analysis of loan modifications during the year ended December 31, 2015:
Year ended December 31, 2015 |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  |  |  |  |  |  |  |  |
|  | Number of Contracts |  |  | Pre-Modification Outstanding Recorded Investment |  |  | Post-Modification Outstanding Recorded Investment |
Real estate loans: |  |  |  |  |  |  |  |  |
Construction and land development |  |  | 1 |  |  | $ | 216 |  |  |  | 216 |
Single-family residential |  |  | 3 |  |  |  | 288 |  |  |  | 271 |
Total TDR loans |  |  | 4 |  |  | $ | 504 |  |  |  | 487 |

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