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3. Loans (Tables)

3 Months Ended

Mar. 31, 2017

Receivables [Abstract]

Major classifications of loans

(Dollars in thousands)
		March 31, 2017				December 31, 2016
Real estate loans:
Construction and land development		$	65,438				61,749
Single-family residential			239,322				240,700
Single-family residential -
Banco de la Gente stated income			39,230				40,189
Commercial			247,940				247,521
Multifamily and farmland			29,078				21,047
Total real estate loans			621,008				611,206
Loans not secured by real estate:
Commercial loans			90,923				87,596
Farm loans			897				-
Consumer loans			9,634				9,832
All other loans			13,399				15,177
Total loans			735,861				723,811
Less allowance for loan losses			7,263				7,550
Total net loans		$	728,598				716,261

Age analysis of past due loans, by loan type

March 31, 2017
(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		$	176				9				185				65,253				65,438				-
Single-family residential			2,859				119				2,978				236,344				239,322				-
Single-family residential -
Banco de la Gente stated income			4,688				54				4,742				34,488				39,230				-
Commercial			1,710				122				1,832				246,108				247,940				-
Multifamily and farmland			99				78				177				28,901				29,078				-
Total real estate loans			9,532				382				9,914				611,094				621,008				-
Loans not secured by real estate:
Commercial loans			333				-				333				90,590				90,923				-
Farm loans			-				-				-				897				897				-
Consumer loans			51				8				59				9,575				9,634				-
All other loans			-				-				-				13,399				13,399				-
Total loans		$	9,916				390				10,306				725,555				735,861				-

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				-

Non-accrual loans

(Dollars in thousands)
		March 31, 2017				December 31, 2016
Real estate loans:
Construction and land development		$	20				22
Single-family residential			1,492				1,662
Single-family residential -
Banco de la Gente stated income			1,405				1,340
Commercial			562				669
Multifamily and farmland			78				78
Total real estate loans			3,557				3,771
Loans not secured by real estate:
Commercial loans			-				21
Consumer loans			27				33
Total		$	3,584				3,825

Impaired loans

March 31, 2017
(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		$	270				-				265				265				9				272				4
Single-family residential			4,950				698				3,912				4,610				43				5,444				69
Single-family residential -
Banco de la Gente stated income			18,206				-				17,639				17,639				1,140				17,187				237
Commercial			3,617				1,269				2,081				3,350				68				3,572				59
Multifamily and farmland			78				-				78				78				-				78				-
Total impaired real estate loans			27,121				1,967				23,975				25,942				1,260				26,553				369
Loans not secured by real estate:
Commercial loans			5				-				5				5				-				16				-
Consumer loans			200				-				192				192				3				229				3
Total impaired loans		$	27,326				1,967				24,172				26,139				1,263				26,798				372

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

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
Three months ended March 31, 2017
Allowance for loan losses:
Beginning balance		$	1,152				2,126				1,377				1,593				52				675				-				204				371				7,550
Charge-offs			-				(20	)			-				-				-				(2	)			-				(109	)			-				(131	)
Recoveries			8				7				-				7				-				8				-				50				-				80
Provision			(191	)			(110	)			(49	)			55				21				(53	)			-				33				58				(236	)
Ending balance		$	969				2,003				1,328				1,655				73				628				-				178				429				7,263
Allowance for loan losses March 31, 2017
Ending balance: individually
evaluated for impairment		$	-				-				1,120				62				-				-				-				-				-				1,182
Ending balance: collectively
evaluated for impairment			969				2,003				208				1,593				73				628				-				178				429				6,081
Ending balance		$	969				2,003				1,328				1,655				73				628				-				178				429				7,263
Loans March 31, 2017:
Ending balance		$	65,438				239,322				39,230				247,940				29,078				90,923				897				23,033				-				735,861
Ending balance: individually
evaluated for impairment		$	-				1,630				16,303				2,736				-				-				-				-				-				20,669
Ending balance: collectively
evaluated for impairment		$	65,438				237,692				22,927				245,204				29,078				90,923				897				23,033				-				715,192

(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
Three months ended March 31, 2016
Allowance for loan losses:
Beginning balance		$	2,185				2,534				1,460				1,917				-				842				-				172				479				9,589
Charge-offs			-				(59	)			-				(106	)			-				(29	)			-				(128	)			-				(322	)
Recoveries			3				8				-				5				-				6				-				43				-				65
Provision			(344	)			(8	)			(37	)			(28	)			-				(9	)			-				103				107				(216	)
Ending balance		$	1,844				2,475				1,423				1,788				-				810				-				190				586				9,116
Allowance for loan losses March 31, 2016:
Ending balance: individually
evaluated for impairment		$	-				95				1,107				170				-				-				-				-				-				1,372
Ending balance: collectively
evaluated for impairment			1,844				2,380				316				1,618				-				810				-				190				586				7,744
Ending balance		$	1,844				2,475				1,423				1,788				-				810				-				190				586				9,116
Loans March 31, 2016:
Ending balance		$	63,973				223,104				42,951				228,166				18,122				91,784				2				24,931				-				693,033
Ending balance: individually
evaluated for impairment		$	-				2,612				17,711				4,890				-				-				-				-				-				25,213
Ending balance: collectively
evaluated for impairment		$	63,973				220,492				25,240				223,276				18,122				91,784				2				24,931				-				667,820

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

March 31, 2017
(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	$	-		10,648		-		-		-		462		-		941		-		12,051
2- High Quality		10,141		110,210		-		40,047		2,853		20,133		-		3,210		1,197		187,791
3- Good Quality		37,888		85,707		16,331		179,746		22,628		64,341		853		4,807		10,473		422,774
4- Management Attention		10,203		24,524		15,458		21,720		2,334		5,446		44		604		1,729		82,062
5- Watch		6,909		4,912		3,728		5,817		1,185		505		-		24		-		23,080
6- Substandard		297		3,321		3,713		610		78		36		-		44		-		8,099
7- Doubtful		-		-		-		-		-		-		-		-		-		-
8- Loss		-		-		-		-		-		-		-		4		-		4
Total	$	65,438		239,322		39,230		247,940		29,078		90,923		897		9,634		13,399		735,861

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

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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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