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3. Loans (Tables)

9 Months Ended

Sep. 30, 2018

Receivables [Abstract]

Major classifications of loans

(Dollars in thousands)
		September 30, 2018				December 31, 2017
Real estate loans:
Construction and land development		$	76,987				84,987
Single-family residential			249,812				246,703
Single-family residential -
Banco de la Gente non-traditional			34,742				37,249
Commercial			275,629				248,637
Multifamily and farmland			31,102				28,937
Total real estate loans			668,272				646,513
Loans not secured by real estate:
Commercial loans			97,085				89,022
Farm loans			994				1,204
Consumer loans			9,512				9,888
All other loans			10,861				13,137
Total loans			786,724				759,764
Less allowance for loan losses			6,295				6,366
Total net loans		$	780,429				753,398

Age analysis of past due loans, by loan type

September 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		$	1,170				38				1,208				75,779				76,987				—
Single-family residential			2,597				366				2,963				246,849				249,812				—
Single-family residential -
Banco de la Gente non-traditional			940				485				1,425				33,317				34,742				—
Commercial			1,157				100				1,257				274,372				275,629				—
Multifamily and farmland			—				—				—				31,102				31,102				—
Total real estate loans			5,864				989				6,853				661,419				668,272				—
Loans not secured by real estate:
Commercial loans			490				94				584				96,501				97,085				—
Farm loans			—				—				—				994				994				—
Consumer loans			85				35				120				9,392				9,512				—
All other loans			—				—				—				10,861				10,861				—
Total loans		$	6,439				1,118				7,557				779,167				786,724				—

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 non-traditional			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)
		September 30, 2018				December 31, 2017
Real estate loans:
Construction and land development		$	39				14
Single-family residential			1,824				1,634
Single-family residential -
Banco de la Gente non-traditional			1,475				1,543
Commercial			445				396
Multifamily and farmland			—				12
Total real estate loans			3,783				3,599
Loans not secured by real estate:
Commercial loans			94				100
Consumer loans			42				12
Total		$	3,919				3,711

Impaired loans

(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		$	337				—				282				282				11
Single-family residential			5,533				429				4,620				5,049				36
Single-family residential -
Banco de la Gente non-traditional			16,565				—				15,934				15,934				1,055
Commercial			2,371				190				1,861				2,051				13
Multifamily and farmland			—				—				—				—				—
Total impaired real estate loans			24,806				619				22,697				23,316				1,115
Loans not secured by real estate:
Commercial loans			257				94				1				95				—
Consumer loans			158				—				155				155				2
Total impaired loans		$	25,221				713				22,853				23,566				1,117

(Dollars in thousands)
		Three months ended																Nine months ended
		September 30, 2018								September 30, 2017								September 30, 2018								September 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		$	320				2				246				5				326				14				253				11
Single-family residential			6,441				73				4,783				71				6,350				207				5,113				202
Single-family residential -
Banco de la Gente non-traditional			14,602				236				17,283				225				14,851				703				17,235				694
Commercial			2,320				17				3,852				18				2,307				97				3,712				144
Multifamily and farmland			—				—				12				—				3				—				45				—
Total impaired real estate loans			23,683				328				26,176				319				23,837				1,021				26,358				1,051
Loans not secured by real estate:
Commercial loans			96				—				243				—				99				—				130				3
Consumer loans			144				3				183				3				147				7				206				8
Total impaired loans		$	23,923				331				26,602				322				24,083				1,028				26,694				1,062

(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 non-traditional			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 Non-traditional				Commercial				Multifamily and Farmland				Commercial				Farm				Consumer and All Other				Unallocated				Total
Nine months ended September 30, 2018:
Allowance for loan losses:
Beginning balance		$	804				1,812				1,280				1,193				72				574				—				155				476				6,366
Charge-offs			(53	)			(115	)			—				(271	)			(5	)			(4	)			—				(318	)			—				(766	)
Recoveries			4				55				—				101				1				23				—				139				—				323
Provision			(63	)			(293	)			(75	)			438				10				12				—				182				161				372
Ending balance		$	692				1,459				1,205				1,461				78				605				—				158				637				6,295
Three months ended September 30, 2018:
Allowance for loan losses:
Beginning balance		$	668				1,638				1,233				1,420				72				587				—				150				509				6,277
Charge-offs			(53	)			(73	)			—				—				—				(1	)			—				(132	)			—				(259	)
Recoveries			1				28				—				94				—				7				—				37				—				167
Provision			76				(134	)			(28	)			(53	)			6				12				—				103				128				110
Ending balance		$	692				1,459				1,205				1,461				78				605				—				158				637				6,295
Allowance for loan losses at September 30, 2018:
Ending balance: individually
evaluated for impairment		$	5				2				1,036				12				—				—				—				—				—				1,055
Ending balance: collectively
evaluated for impairment			687				1,457				169				1,449				78				605				—				158				637				5,240
Ending balance		$	692				1,459				1,205				1,461				78				605				—				158				637				6,295
Loans at September 30, 2018:
Ending balance		$	76,987				249,812				34,742				275,629				31,102				97,085				994				20,373				—				786,724
Ending balance: individually
evaluated for impairment		$	98				2,171				14,557				1,879				—				94				—				—				—				18,799
Ending balance: collectively
evaluated for impairment		$	76,889				247,641				20,185				273,750				31,102				96,991				994				20,373				—				767,925

(Dollars in thousands)
		Real Estate Loans
		Construction and Land Development				Single-Family Residential				Single-Family Residential - Banco de la Gente Non-traditional				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

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

September 30, 2018
(Dollars in thousands)
			Real Estate Loans
			Construction and Land Development				Single-Family Residential				Single-Family Residential - Banco de la Gente Non-traditional				Commercial				Multifamily and Farmland				Commercial				Farm				Consumer				All Other				Total
1- Excellent Quality		$	410				7,583				—				—				—				662				—				668				—				9,323
2- High Quality			15,413				125,945				—				35,362				430				24,141				—				3,462				2,174				206,927
3- Good Quality			51,835				91,936				13,927				215,902				25,758				65,302				845				4,733				7,924				478,162
4- Management Attention			5,210				17,218				15,392				21,271				3,813				6,601				149				581				763				70,998
5- Watch			3,924				3,844				2,425				2,649				1,101				273				—				18				—				14,234
6- Substandard			195				3,286				2,998				445				—				106				—				50				—				7,080
7- Doubtful			—				—				—				—				—				—				—				—				—				—
8- Loss			—				—				—				—				—				—				—				—				—				—
Total		$	76,987				249,812				34,742				275,629				31,102				97,085				994				9,512				10,861				786,724

December 31, 2017
(Dollars in thousands)
			Real Estate Loans
			Construction and Land Development				Single-Family Residential				Single-Family Residential - Banco de la Gente Non-traditional				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 months ended September 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			$	61				61
Total real estate TDR loans			1				61				61
Total TDR loans			1			$	61				61

Nine months ended September 30, 2018
(Dollars in thousands)
		Number of Contracts				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
Real estate loans
Single-family residential			2			$	94				94
Total real estate TDR loans			2				94				94
Total TDR loans			2			$	94				94

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

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