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Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Schedule of Loans

Loans consisted of the following as of the dates indicated below:

(Dollars in thousands)		June 30, 2019				December 31, 2018
One-to-four family residential real estate		$	135,705			$	136,895
Construction and land			20,050				20,083
Commercial real estate			139,907				138,967
Commercial			94,379				74,289
Agriculture			99,393				96,632
Municipal			2,787				2,953
Consumer			24,141				25,428
Total gross loans			516,362				495,247
Net deferred loan costs and loans in process			109				(109	)
Allowance for loan losses			(6,266	)			(5,765	)
Loans, net		$	510,205			$	489,373

Schedule of Allowance for Credit Losses On Financing Receivables

The following tables provide information on the Company’s activity in the allowance for loan losses by loan class:

(Dollars in thousands)		Three and six months ended June 30, 2019
		One-to-four family residential real estate				Construction and land				Commercial real estate				Commercial				Agriculture				Municipal				Consumer				Total
Allowance for loan losses:
Balance at April 1, 2019		$	474			$	156			$	1,871			$	1,165			$	2,128			$	7			$	137			$	5,938
Charge-offs			(41	)			-				-				(40	)			-				-				(53	)			(134	)
Recoveries			-				-				-				50				-				-				12				62
Provision for loan losses			8				99				(113	)			229				132				-				45				400
Balance at June 30, 2019			441				255				1,758				1,404				2,260				7				141				6,266
Balance at January 1, 2019		$	449			$	168			$	1,686			$	1,051			$	2,238			$	7			$	166			$	5,765
Charge-offs			(41	)			-				-				(40	)			-				-				(102	)			(183	)
Recoveries			1				-				-				51				-				6				26				84
Provision for loan losses			32				87				72				342				22				(6	)			51				600
Balance at June 30, 2019			441				255				1,758				1,404				2,260				7				141				6,266

(Dollars in thousands)		Three and six months ended June 30, 2018
		One-to-four family residential real estate				Construction and land				Commercial real estate				Commercial				Agriculture				Municipal				Consumer				Total
Allowance for loan losses:
Balance at April 1, 2018		$	477			$	121			$	1,562			$	1,484			$	1,867			$	7			$	126			$	5,644
Charge-offs			-				-				-				(29	)			-				-				(44	)			(73	)
Recoveries			1				-				-				1				-				-				12				14
Provision for loan losses			(39	)			(12	)			(96	)			237				138				-				22				250
Balance at June 30, 2018			439				109				1,466				1,693				2,005				7				116				5,835
Balance at January 1, 2018		$	542			$	181			$	1,540			$	1,226			$	1,812			$	8			$	150			$	5,459
Charge-offs			-				-				-				(29	)			-				-				(77	)			(106	)
Recoveries			2				-				1				2				-				2				25				32
Provision for loan losses			(105	)			(72	)			(75	)			494				193				(3	)			18				450
Balance at June 30, 2018			439				109				1,466				1,693				2,005				7				116				5,835

The following tables provide information on the Company’s activity in the allowance for loan losses by loan class and allowance methodology:

(Dollars in thousands)		As of June 30, 2019
		One-to-four family residential real estate				Construction and land				Commercial real estate				Commercial				Agriculture				Municipal				Consumer				Total
Allowance for loan losses:
Individually evaluated for loss			72				191				274				114				-				-				-				651
Collectively evaluated for loss			369				64				1,484				1,290				2,260				7				141				5,615
Total			441				255				1,758				1,404				2,260				7				141				6,266
Loan balances:
Individually evaluated for loss			1,372				2,049				5,248				1,700				560				58				38				11,025
Collectively evaluated for loss			134,333				18,001				134,659				92,679				98,833				2,729				24,103				505,337
Total		$	135,705			$	20,050			$	139,907			$	94,379			$	99,393			$	2,787			$	24,141			$	516,362

(Dollars in thousands)		As of December 31, 2018
		One-to-four family residential real estate				Construction and land				Commercial real estate				Commercial				Agriculture				Municipal				Consumer				Total
Allowance for loan losses:
Individually evaluated for loss			100				103				67				27				13				-				-				310
Collectively evaluated for loss			349				65				1,619				1,024				2,225				7				166				5,455
Total			449				168				1,686				1,051				2,238				7				166				5,765
Loan balances:
Individually evaluated for loss			623				1,808				3,912				1,528				717				58				45				8,691
Collectively evaluated for loss			136,272				18,275				135,055				72,761				95,915				2,895				25,383				486,556
Total		$	136,895			$	20,083			$	138,967			$	74,289			$	96,632			$	2,953			$	25,428			$	495,247

Schedule of Impaired Financing Receivables

The following tables present information on impaired loans:

(Dollars in thousands)		As of June 30, 2019
		Unpaid contractual principal				Impaired loan balance				Impaired loans without an allowance				Impaired loans with an allowance				Related allowance recorded				Year-to-date average loan balance				Year-to-date interest income recognized
One-to-four family residential real estate		$	1,413			$	1,372			$	1,172			$	200			$	72			$	1,430			$	5
Construction and land			3,784				2,049				1,429				620				191				2,137				20
Commercial real estate			5,248				5,248				3,289				1,959				274				5,264				237
Commercial			1,700				1,700				1,410				290				114				1,711				10
Agriculture			775				560				560				-				-				572				23
Municipal			58				58				58				-				-				58				1
Consumer			38				38				38				-				-				41				-
Total impaired loans		$	13,016			$	11,025			$	7,956			$	3,069			$	651			$	11,213			$	296

(Dollars in thousands)		As of December 31, 2018
		Unpaid contractual principal				Impaired loan balance				Impaired loans without an allowance				Impaired loans with an allowance				Related allowance recorded				Year-to-date average loan balance				Year-to-date interest income recognized
One-to-four family residential real estate		$	623			$	623			$	413			$	210			$	100			$	640			$	10
Construction and land			3,543				1,808				1,383				425				103				2,689				53
Commercial real estate			3,912				3,912				2,120				1,792				67				3,928				487
Commercial			1,528				1,528				1,446				82				27				1,537				-
Agriculture			932				717				529				188				13				844				52
Municipal			58				58				58				-				-				58				1
Consumer			45				45				45				-				-				49				-
Total impaired loans		$	10,641			$	8,691			$	5,994			$	2,697			$	310			$	9,745			$	603

Schedule of Past Due Financing Receivables

The following tables present information on the Company’s past due and non-accrual loans by loan class:

(Dollars in thousands)		As of June 30, 2019
		30-59 days delinquent and accruing				60-89 days delinquent and accruing				90 days or more delinquent and accruing				Total past due loans accruing				Non-accrual loans				Total past due and non-accrual loans				Total loans not past due
One-to-four family residential real estate		$	86			$	462			$	-			$	548			$	1,197			$	1,745			$	133,960
Construction and land			-				126				-				126				1,338				1,464				18,586
Commercial real estate			686				-				-				686				3,225				3,911				135,996
Commercial			436				42				-				478				1,672				2,150				92,229
Agriculture			438				941				209				1,588				336				1,924				97,469
Municipal			-				-				-				-				-				-				2,787
Consumer			85				3				-				88				38				126				24,015
Total		$	1,731			$	1,574			$	209			$	3,514			$	7,806			$	11,320			$	505,042
Percent of gross loans			0.34	%			0.30	%			0.04	%			0.68	%			1.51	%			2.19	%			97.81	%

(Dollars in thousands)		As of December 31, 2018
		30-59 days delinquent and accruing				60-89 days delinquent and accruing				90 days or more delinquent and accruing				Total past due loans accruing				Non-accrual loans				Total past due and non-accrual loans				Total loans not past due
One-to-four family residential real estate		$	131			$	206			$	-			$	337			$	442			$	779			$	136,116
Construction and land			-				134				-				134				948				1,082				19,001
Commercial real estate			465				-				-				465				1,791				2,256				136,711
Commercial			398				20				-				418				1,528				1,946				72,343
Agriculture			100				88				-				188				482				670				95,962
Municipal			-				-				-				-				-				-				2,953
Consumer			106				23				-				129				45				174				25,254
Total		$	1,200			$	471			$	-			$	1,671			$	5,236			$	6,907			$	488,340
Percent of gross loans			0.24	%			0.10	%			0.00	%			0.34	%			1.06	%			1.40	%			98.60	%

Schedule of Risk Categories by Loan Class

The following table provides information on the Company’s risk categories by loan class:

(Dollars in thousands)		As of June 30, 2019								As of December 31, 2018
		Non-classified				Classified				Non-classified				Classified
One-to-four family residential real estate		$	133,918			$	1,787			$	135,947			$	948
Construction and land			18,712				1,338				19,135				948
Commercial real estate			130,157				9,750				126,619				12,348
Commercial			86,612				7,767				66,490				7,799
Agriculture			92,606				6,787				86,917				9,715
Municipal			2,787				-				2,953				-
Consumer			24,103				38				25,383				45
Total		$	488,895			$	27,467			$	463,444			$	31,803

Schedule of Troubled Debt Restructurings On Financing Receivables

The following table presents information on loans that are classified as TDRs:

(Dollars in thousands)		As of June 30, 2019												As of December 31, 2018
		Number of loans				Non-accrual balance				Accruing balance				Number of loans				Non-accrual balance				Accruing balance
One-to-four family residential real estate			2			$	-			$	175				2			$	-			$	181
Construction and land			4				518				711				4				523				860
Commercial real estate			1				-				2,023				2				-				2,121
Commercial			1				-				28				1				36				-
Agriculture			4				6				224				4				23				235
Municipal			1				-				58				1				-				58
Total troubled debt restructurings			13			$	524			$	3,219				14			$	582			$	3,455

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