XML 26 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1

3. Loans (Tables)

6 Months Ended

Jun. 30, 2018

Receivables [Abstract]

Major classifications of loans

(Dollars in thousands)
		June 30, 2018				December 31, 2017
Real estate loans:
Construction and land development		$	79,769				84,987
Single-family residential			250,620				246,703
Single-family residential -
Banco de la Gente stated income			35,847				37,249
Commercial			269,792				248,637
Multifamily and farmland			28,667				28,937
Total real estate loans			664,695				646,513
Loans not secured by real estate:
Commercial loans			93,580				89,022
Farm loans			1,023				1,204
Consumer loans			9,422				9,888
All other loans			13,164				13,137
Total loans			781,884				759,764
Less allowance for loan losses			6,277				6,366
Total net loans		$	775,607				753,398

Age analysis of past due loans, by loan type

June 30, 2018
(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		$	631				-				631				79,138				79,769				-
Single-family residential			1,251				481				1,732				248,888				250,620				-
Single-family residential -
Banco de la Gente stated income			940				232				1,172				34,675				35,847				-
Commercial			946				202				1,148				268,644				269,792				-
Multifamily and farmland			-				-				-				28,667				28,667				-
Total real estate loans			3,768				915				4,683				660,012				664,695				-
Loans not secured by real estate:
Commercial loans			4				94				98				93,482				93,580				-
Farm loans			-				-				-				1,023				1,023				-
Consumer loans			158				5				163				9,259				9,422				-
All other loans			-				-				-				13,164				13,164				-
Total loans		$	3,930				1,014				4,944				776,940				781,884				-

December 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		$	277				-				277				84,710				84,987				-
Single-family residential			3,241				193				3,434				243,269				246,703				-
Single-family residential -
Banco de la Gente stated income			4,078				465				4,543				32,706				37,249				-
Commercial			588				-				588				248,049				248,637				-
Multifamily and farmland			-				12				12				28,925				28,937				-
Total real estate loans			8,184				670				8,854				637,659				646,513				-
Loans not secured by real estate:
Commercial loans			53				100				153				88,869				89,022				-
Farm loans			-				-				-				1,204				1,204				-
Consumer loans			113				5				118				9,770				9,888				-
All other loans			-				-				-				13,137				13,137				-
Total loans		$	8,350				775				9,125				750,639				759,764				-

Non-accrual loans

(Dollars in thousands)
		June 30, 2018				December 31, 2017
Real estate loans:
Construction and land development		$	123				14
Single-family residential			1,829				1,634
Single-family residential -
Banco de la Gente stated income			1,467				1,543
Commercial			768				396
Multifamily and farmland			-				12
Total real estate loans			4,187				3,599
Loans not secured by real estate:
Commercial loans			94				100
Consumer loans			11				12
Total		$	4,292				3,711

Impaired loans

June 30, 2018
(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		$	357				-				357				357				8
Single-family residential			4,992				725				4,267				4,992				39
Single-family residential -
Banco de la Gente stated income			16,213				-				16,213				16,213				1,082
Commercial			2,489				402				2,087				2,489				20
Multifamily and farmland			-				-				-				-				-
Total impaired real estate loans			24,051				1,127				22,924				24,051				1,149
Loans not secured by real estate:
Commercial loans			96				94				2				96				-
Consumer loans			133				-				133				133				2
Total impaired loans		$	24,280				1,221				23,059				24,280				1,151

(Dollars in thousands)
		Three months ended																Six months ended
		June 30, 2018								June 30, 2017								June 30, 2018								June 30, 2017
		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		$	373				5				304				2				341				11				265				6
Single-family residential			6,306				66				4,595				63				6,325				135				5,185				131
Single-family residential -
Banco de la Gente stated income			14,841				230				17,539				232				14,981				467				17,271				469
Commercial			2,304				42				3,831				66				2,359				80				3,778				125
Multifamily and farmland			-				-				45				-				4				-				56				-
Total impaired real estate loans			23,824				343				26,314				363				24,010				693				26,555				731
Loans not secured by real estate:
Commercial loans			98				-				129				3				100				-				95				3
Farm loans (non RE)			-				-				-				-				-				-				-				-
Consumer loans			141				2				221				3				146				4				215				6
Total impaired loans		$	24,063				345				26,664				369				24,256				697				26,865				740

December 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		$	282				-				277				277				6				253				17
Single-family residential			5,226				1,135				3,686				4,821				41				5,113				265
Single-family residential -
Banco de la Gente stated income			17,360				-				16,805				16,805				1,149				16,867				920
Commercial			2,761				807				1,661				2,468				1				3,411				148
Multifamily and farmland			78				-				12				12				-				28				-
Total impaired real estate loans			25,707				1,942				22,441				24,383				1,197				25,672				1,350
Loans not secured by real estate:
Commercial loans			264				100				4				104				-				149				3
Consumer loans			158				-				154				154				2				194				9
Total impaired loans		$	26,129				2,042				22,599				24,641				1,199				26,015				1,362

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, 2018:
Allowance for loan losses:
Beginning balance		$	804				1,812				1,280				1,193				72				574				-				155				476				6,366
Charge-offs			-				(43	)			-				(271	)			(5	)			(2	)			-				(186	)			-				(507	)
Recoveries			3				27				-				7				1				16				-				102				-				156
Provision			(139	)			(158	)			(47	)			491				4				(1	)			-				79				33				262
Ending balance		$	668				1,638				1,233				1,420				72				587				-				150				509				6,277
Three months ended June 30, 2018:
Allowance for loan losses:
Beginning balance		$	651				1,640				1,265				1,298				73				706				-				136				604				6,373
Charge-offs			-				(43	)			-				(271	)			-				(2	)			-				(85	)			-				(401	)
Recoveries			1				22				-				4				-				8				-				39				-				74
Provision			16				19				(32	)			389				(1	)			(125	)			-				60				(95	)			231
Ending balance		$	668				1,638				1,233				1,420				72				587				-				150				509				6,277
Allowance for loan losses at June 30, 2018:
Ending balance: individually
evaluated for impairment		$	-				2				1,066				18				-				-				-				-				-				1,086
Ending balance: collectively
evaluated for impairment			668				1,636				167				1,402				72				587				-				150				509				5,191
Ending balance		$	668				1,638				1,233				1,420				72				587				-				150				509				6,277
Loans at June 30, 2018:
Ending balance		$	79,769				250,620				35,847				269,792				28,667				93,580				1,023				22,586				-				781,884
Ending balance: individually
evaluated for impairment		$	95				2,132				14,975				2,103				-				94				-				-				-				19,399
Ending balance: collectively
evaluated for impairment		$	79,674				248,488				20,872				267,689				28,667				93,486				1,023				22,586				-				762,485

(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

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

June 30, 2018
(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		$	472				7,134				-				-				-				574				-				576				-				8,756
2- High Quality			20,688				125,870				-				29,624				477				23,450				-				3,305				2,259				205,673
3- Good Quality			49,044				91,359				14,373				218,439				25,325				61,998				870				4,909				10,128				476,445
4- Management Attention			4,411				18,816				14,727				17,868				1,750				7,168				153				590				777				66,260
5- Watch			4,884				3,996				3,112				3,093				1,115				283				-				20				-				16,503
6- Substandard			270				3,445				3,635				768				-				107				-				22				-				8,247
7- Doubtful			-				-				-				-				-				-				-				-				-				-
8- Loss			-				-				-				-				-				-				-				-				-				-
Total		$	79,769				250,620				35,847				269,792				28,667				93,580				1,023				9,422				13,164				781,884

December 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		$	152				8,590				-				-				-				446				-				791				-				9,979
2- High Quality			20,593				120,331				-				34,360				561				17,559				-				3,475				2,410				199,289
3- Good Quality			53,586				89,120				14,955				196,439				25,306				65,626				1,085				5,012				9,925				461,054
4- Management Attention			4,313				20,648				15,113				13,727				1,912				5,051				119				562				802				62,247
5- Watch			6,060				4,796				3,357				3,671				1,146				223				-				23				-				19,276
6- Substandard			283				3,218				3,824				440				12				117				-				25				-				7,919
7- Doubtful			-				-				-				-				-				-				-				-				-				-
8- Loss			-				-				-				-				-				-				-				-				-				-
Total		$	84,987				246,703				37,249				248,637				28,937				89,022				1,204				9,888				13,137				759,764

Analysis of TDR loans by loan type

Three and six months ended June 30, 2018
(Dollars in thousands)
		Number of Contracts				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
Real estate loans
Single-family residential			1			$	33				33
Total real estate TDR loans			1				33				33
Total TDR loans			1			$	33				33

X

- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524

+ Details

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

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953659-111524

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 55
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525

+ Details

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

X

- Definition

Tabular disclosure of impaired financing receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5212-111524

+ Details

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

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953401-111524

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5111-111524

+ Details

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

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

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

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5111-111524

+ Details

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

X

- Definition

Tabular disclosure of financing receivables and troubled debt restructurings.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953676-111524

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953682-111524

+ Details

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