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3. Loans (Tables)

12 Months Ended

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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- Definition

Tabular disclosure of financing receivables and troubled debt restructurings.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953676-111524

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953682-111524

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration