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3. Loans (Tables)

6 Months Ended

Jun. 30, 2017

Receivables [Abstract]

Major classifications of loans

(Dollars in thousands)
		June 30, 2017				December 31, 2016
Real estate loans:
Construction and land development		$	71,213				61,749
Single-family residential			240,993				240,700
Single-family residential -
Banco de la Gente stated income			38,875				40,189
Commercial			243,957				247,521
Multifamily and farmland			30,125				21,047
Total real estate loans			625,163				611,206
Loans not secured by real estate:
Commercial loans			94,567				87,596
Farm loans			1,591				-
Consumer loans			10,099				9,832
All other loans			13,618				15,177
Total loans			745,038				723,811
Less allowance for loan losses			7,167				7,550
Total net loans		$	737,871				716,261

Age analysis of past due loans, by loan type

June 30, 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		$	3,706				-				3,706				67,507				71,213				-
Single-family residential			949				174				1,123				239,870				240,993				55
Single-family residential -
Banco de la Gente stated income			1,365				273				1,638				37,237				38,875				-
Commercial			12				249				261				243,696				243,957				-
Multifamily and farmland			-				12				12				30,113				30,125				-
Total real estate loans			6,032				708				6,740				618,423				625,163				55
Loans not secured by real estate:
Commercial loans			1,070				-				1,070				93,497				94,567				-
Farm loans			-				-				-				1,591				1,591				-
Consumer loans			52				6				58				10,041				10,099				-
All other loans			-				-				-				13,618				13,618				-
Total loans		$	7,154				714				7,868				737,170				745,038				55
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)
		June 30, 2017				December 31, 2016
Real estate loans:
Construction and land development		$	18				22
Single-family residential			1,444				1,662
Single-family residential -
Banco de la Gente stated income			1,461				1,340
Commercial			1,440				669
Multifamily and farmland			12				78
Total real estate loans			4,375				3,771
Loans not secured by real estate:
Commercial loans			249				21
Consumer loans			21				33
Total		$	4,645				3,825

Impaired loans

June 30, 2017
(Dollars in thousands)
		Unpaid Contractual Principal Balance				Recorded Investment With No Allowance				Recorded Investment With Allowance				Recorded Investment  in Impaired Loans				Related Allowance
Real estate loans:
Construction and land development		$	253				-				257				257				9
Single-family residential			4,666				1,152				3,896				5,048				38
Single-family residential -
Banco de la Gente stated income			17,439				-				18,029				18,029				1,123
Commercial			4,190				1,699				2,769				4,468				68
Multifamily and farmland			12				-				78				78				-
Total impaired real estate loans			26,560				2,851				25,029				27,880				1,238
Loans not secured by real estate:
Commercial loans			253				-				288				288				27
Consumer loans			187				-				197				197				3
Total impaired loans		$	27,000				2,851				25,514				28,365				1,268

(Dollars in thousands)
		Three months ended																Six months ended
		June 30, 2017								June 30, 2016								June 30, 2017								June 30, 2016
		Average Balance				Interest Income Recognized				Average Balance				Interest Income Recognized				Average Balance				Interest Income Recognized				Average Balance				Interest Income Recognized
Real estate loans:
Construction and land development		$	304				2				455				4				265				6				405				7
Single-family residential			4,595				63				8,680				33				5,185				131				9,769				82
Single-family residential -
Banco de la Gente stated income			17,539				232				17,888				219				17,271				469				17,875				449
Commercial			3,831				66				5,694				24				3,778				125				5,978				49
Multifamily and farmland			45				-				78				-				56				-				80				3
Total impaired real estate loans			26,314				363				32,795				280				26,555				731				34,107				590
Loans not secured by real estate:
Commercial loans			129				3				141				-				95				3				139				1
Consumer loans			221				3				233				2				215				6				240				5
Total impaired loans		$	26,664				369				33,169				282				26,865				740				34,486				596

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
Six months ended June 30, 2017:
Allowance for loan losses:
Beginning balance	$	1,152		2,126		1,377		1,593		52		675		-		204		371		7,550
Charge-offs		-		(44	)	-		(66	)	-		(37	)	-		(182	)	-		(329	)
Recoveries		10		16		-		14		-		15		-		78		-		133
Provision		21		(279	)	(84	)	(78	)	23		51		-		58		101		(187	)
Ending balance	$	1,183		1,819		1,293		1,463		75		704		-		158		472		7,167
Three months ended June 30, 2017:
Allowance for loan losses:
Beginning balance	$	969		2,003		1,328		1,655		73		628		-		178		429		7,263
Charge-offs		-		(24	)	-		-		(66	)	(35	)	-		(73	)	-		(198	)
Recoveries		3		9		-		6		-		7		-		28		-		53
Provision		211		(169	)	(35	)	(198	)	68		104		-		25		43		49
Ending balance	$	1,183		1,819		1,293		1,463		75		704		-		158		472		7,167
Allowance for loan losses at June 30, 2017:
Ending balance: individually
evaluated for impairment	$	-		-		1,103		65		-		27		-		-		-		1,195
Ending balance: collectively
evaluated for impairment		1,183		1,819		190		1,398		75		677		-		158		472		5,972
Ending balance	$	1,183		1,819		1,293		1,463		75		704		-		158		472		7,167
Loans at June 30, 2017:
Ending balance	$	71,213		240,993		38,875		243,957		30,125		94,567		1,591		23,717		-		745,038
Ending balance: individually
evaluated for impairment	$	-		1,152		16,792		3,724		-		230		-		-		-		21,898
Ending balance: collectively
evaluated for impairment	$	71,213		239,841		22,083		240,233		30,125		94,337		1,591		23,717		-		723,140

(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

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

June 30, 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	$	-		12,094		-		-		-		519		-		902		-		13,515
2- High Quality		11,919		113,039		-		37,406		2,110		17,641		-		3,610		1,141		186,866
3- Good Quality		45,833		85,597		16,179		184,567		24,783		71,151		1,547		4,913		11,652		446,222
4- Management Attention		6,537		22,504		15,413		15,904		2,049		4,740		44		606		825		68,622
5- Watch		6,632		4,696		3,532		4,593		1,171		234		-		28		-		20,886
6- Substandard		292		3,063		3,751		1,487		12		282		-		40		-		8,927
7- Doubtful		-		-		-		-		-		-		-		-		-		-
8- Loss		-		-		-		-		-		-		-		-		-		-
Total	$	71,213		240,993		38,875		243,957		30,125		94,567		1,591		10,099		13,618		745,038
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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- 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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Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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Tabular disclosure of nonaccrual and past due financing receivables (such as loans and trade receivables), including: (a) the recorded investment in loans and trade receivables, if applicable, on nonaccrual status as of each balance sheet date (b) the recorded investment in loans and trade receivables, if applicable, past due 90 days or more and still accruing.

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