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3. Loans (Tables)

9 Months Ended

Sep. 30, 2017

Receivables [Abstract]

Major classifications of loans

(Dollars in thousands)
		September 30, 2017				December 31, 2016
Real estate loans:
Construction and land development		$	75,483				61,749
Single-family residential			247,184				240,700
Single-family residential -
Banco de la Gente stated income			37,840				40,189
Commercial			245,279				247,521
Multifamily and farmland			28,662				21,047
Total real estate loans			634,448				611,206
Loans not secured by real estate:
Commercial loans			87,019				87,596
Farm loans			895				-
Consumer loans			10,005				9,832
All other loans			15,070				15,177
Total loans			747,437				723,811
Less allowance for loan losses			6,844				7,550
Total net loans		$	740,593				716,261

Age analysis of past due loans, by loan type

September 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		$	206				-				206				75,277				75,483				-
Single-family residential			2,268				416				2,684				244,500				247,184				-
Single-family residential -
Banco de la Gente stated income			1,363				462				1,825				36,015				37,840				-
Commercial			27				229				256				245,023				245,279				-
Multifamily and farmland			-				12				12				28,650				28,662				-
Total real estate loans			3,864				1,119				4,983				629,465				634,448				-
Loans not secured by real estate:
Commercial loans			121				1,013				1,134				85,885				87,019				-
Farm loans			-				-				-				895				895				-
Consumer loans			93				5				98				9,907				10,005				-
All other loans			-				-				-				15,070				15,070				-
Total loans		$	4,078				2,137				6,215				741,222				747,437				-

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)
		September 30, 2017				December 31, 2016
Real estate loans:
Construction and land development		$	16				22
Single-family residential			1,728				1,662
Single-family residential -
Banco de la Gente stated income			1,502				1,340
Commercial			1,422				669
Multifamily and farmland			12				78
Total real estate loans			4,680				3,771
Loans not secured by real estate:
Commercial loans			229				21
Consumer loans			22				33
Total		$	4,931				3,825

Impaired loans

September 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		$	216				-				221				221				7
Single-family residential			4,978				1,142				4,232				5,374				42
Single-family residential -
Banco de la Gente stated income			17,127				-				17,743				17,743				1,123
Commercial			3,513				1,619				2,181				3,800				45
Multifamily and farmland			12				-				78				78				-
Total impaired real estate loans			25,846				2,761				24,455				27,216				1,217
Loans not secured by real estate:
Commercial loans			233				229				39				268				-
Consumer loans			179				-				189				189				3
Total impaired loans		$	26,258				2,990				24,683				27,673				1,220

(Dollars in thousands)
		Three months ended																Nine months ended
		September 30, 2017								September 30, 2016								September 30, 2017								September 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		$	246				5				369				3				253				11				375				10
Single-family residential			4,783				71				6,556				40				5,113				202				8,921				122
Single-family residential -
Banco de la Gente stated income			17,283				225				17,395				207				17,235				694				17,673				657
Commercial			3,852				18				4,013				24				3,712				144				5,376				73
Multifamily and farmland			12				-				78				-				45				-				79				3
Total impaired real estate loans			26,176				319				28,411				274				26,358				1,051				32,424				865
Loans not secured by real estate:
Commercial loans			243				-				116				-				130				3				123				-
Consumer loans			183				3				225				2				206				8				235				6
Total impaired loans		$	26,602				322				28,752				276				26,694				1,062				32,782				871

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
Nine months ended September 30, 2017:
Allowance for loan losses:
Beginning balance		$	1,152				2,126				1,377				1,593				52				675				-				204				371				7,550
Charge-offs			-				(64	)			-				-				(66	)			(63	)			-				(288	)			-				(481	)
Recoveries			12				26				-				17				-				23				-				102				-				180
Provision			(178	)			(211	)			(101	)			(192	)			86				(74	)			-				143				122				(405	)
Ending balance		$	986				1,877				1,276				1,418				72				561				-				161				493				6,844
Three months ended September 30, 2017:
Allowance for loan losses:
Beginning balance		$	1,183				1,819				1,293				1,463				75				704				-				158				472				7,167
Charge-offs			-				(20	)			-				-				-				(26	)			-				(106	)			-				(152	)
Recoveries			2				9				-				4				-				8				-				24				-				47
Provision			(199	)			69				(17	)			(49	)			(3	)			(125	)			-				85				21				(218	)
Ending balance		$	986				1,877				1,276				1,418				72				561				-				161				493				6,844
Allowance for loan losses at September 30, 2017:
Ending balance: individually
evaluated for impairment		$	-				-				1,104				42				-				-				-				-				-				1,146
Ending balance: collectively
evaluated for impairment			986				1,877				172				1,376				72				561				-				161				493				5,698
Ending balance		$	986				1,877				1,276				1,418				72				561				-				161				493				6,844
Loans at September 30, 2017:
Ending balance		$	75,483				247,184				37,840				245,279				28,662				87,019				895				25,075				-				747,437
Ending balance: individually
evaluated for impairment		$	10				1,875				15,732				3,069				-				229				-				-				-				20,915
Ending balance: collectively
evaluated for impairment		$	75,473				245,309				22,108				242,210				28,662				86,790				895				25,075				-				726,522

(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

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

September 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		$	-				11,007				-				-				-				562				-				838				-				12,407
2- High Quality			11,541				118,964				-				35,461				1,986				18,836				-				3,502				1,161				191,451
3- Good Quality			51,307				87,337				15,318				190,950				23,565				62,767				756				5,015				13,096				450,111
4- Management Attention			6,063				21,783				15,318				13,366				1,942				4,362				139				582				813				64,368
5- Watch			6,285				4,679				3,506				4,034				1,157				235				-				24				-				19,920
6- Substandard			287				3,414				3,698				1,468				12				257				-				44				-				9,180
7- Doubtful			-				-				-				-				-				-				-				-				-				-
8- Loss			-				-				-				-				-				-				-				-				-				-
Total		$	75,483				247,184				37,840				245,279				28,662				87,019				895				10,005				15,070				747,437

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

Analysis of TDR loans by loan type

Three and nine months ended September 30, 2017
(Dollars in thousands)
		Number of Contracts				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
Real estate loans
Single-family residential			2			$	22				22
Total real estate TDR loans			2				22				22
Total TDR loans			2			$	22				22

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

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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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