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Loans And Leases (Tables)

3 Months Ended

Mar. 31, 2020

Recorded Invetment In Loans By Portfolio Segment




	March 31, 2020		December 31, 2019
	(unaudited)
Commercial (1)	$	194,585	$	170,646
Real estate:
Single-family residential		122,758		120,256
Multi-family residential		54,424		39,229
Commercial		266,129		247,543
Construction		52,258		67,652
Consumer:
Home equity lines of credit		20,887		20,941
Other		3,900		4,174
Subtotal		714,941		670,441
Less: ALLL		(7,073)		(7,138)
Loans and leases, net	$	707,868	$	663,303

⁽¹⁾

Includes $4,619 and $4,779 of commercial leases at March 31, 2020 and December 31, 2019, respectively.

Activity In ALLL By Portfolio Segment

The following table presents the activity in the ALLL by portfolio segment for the three months ended March 31, 2020:



	Three months ended March 31, 2020 (unaudited)
			Real Estate								Consumer
	Commercial		Single-family		Multi-family		Commercial		Construction		Home Equity lines of credit		Other		Total
Beginning balance	$	2,054	$	948	$	447	$	2,604	$	759	$	265	$	61	$	7,138
Addition to (reduction in) provision for loan losses		120		(45)		65		70		(185)		(20)		(5)		-
Charge-offs		(71)		-		-		-		-		-		-		(71)
Recoveries		-		2		-		-		-		4		-		6
Ending balance	$	2,103	$	905	$	512	$	2,674	$	574	$	249	$	56	$	7,073

The following table presents the activity in the ALLL by portfolio segment for the three months ended March 31, 2019:



	Three months ended March 31, 2019 (unaudited)
			Real Estate								Consumer
	Commercial		Single-family		Multi-family		Commercial		Construction		Home Equity lines of credit		Other		Total
Beginning balance	$	1,819	$	1,061	$	612	$	2,274	$	739	$	410	$	97	$	7,012
Addition to (reduction in) provision for loan losses		-		-		10		25		20		(45)		(10)		-
Charge-offs		-		-		-		-		-		-		-		-
Recoveries		-		2		-		-		-		10		-		12
Ending balance	$	1,819	$	1,063	$	622	$	2,299	$	759	$	375	$	87	$	7,024

Balance In ALLL And Recorded Investment In Loans By Portfolio Segment And Based On Impairment Method

The following table presents the balance in the ALLL and the recorded investment in loans and leases by portfolio segment and based on the impairment method as of March 31, 2020 (unaudited):



			Real Estate								Consumer
	Commercial		Single- family		Multi- family		Commercial		Construction		Home Equity lines of credit		Other		Total
ALLL:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	-	$	1	$	-	$	20	$	-	$	-	$	-	$	21
Collectively evaluated for impairment		2,103		904		512		2,654		574		249		56		7,052
Total ending allowance balance	$	2,103	$	905	$	512	$	2,674	$	574	$	249	$	56	$	7,073

Loans:
Individually evaluated for impairment	$	121	$	106	$	-	$	2,736	$	-	$	-	$	-	$	2,963
Collectively evaluated for impairment		194,464		122,652		54,424		263,393		52,258		20,887		3,900		711,978
Total ending loan balance	$	194,585	$	122,758	$	54,424	$	266,129	$	52,258	$	20,887	$	3,900	$	714,941

The following table presents the balance in the ALLL and the recorded investment in loans and leases by portfolio segment and based on the impairment method as of December 31, 2019:



			Real Estate								Consumer
	Commercial		Single- family		Multi- family		Commercial		Construction		Home Equity lines of credit		Other		Total
ALLL:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	1	$	1	$	-	$	33	$	-	$	-	$	-	$	35
Collectively evaluated for impairment		2,053		947		447		2,571		759		265		61		7,103
Total ending allowance balance	$	2,054	$	948	$	447	$	2,604	$	759	$	265	$	61	$	7,138

Loans:
Individually evaluated for impairment	$	85	$	107	$	-	$	4,420	$	-	$	-	$	-	$	4,612
Collectively evaluated for impairment		170,561		120,149		39,229		243,123		67,652		20,941		4,174		665,829
Total ending loan balance	$	170,646	$	120,256	$	39,229	$	247,543	$	67,652	$	20,941	$	4,174	$	670,441

Individually Evaluated For Impairment By Class Of Loans

The following table presents loans individually evaluated for impairment by class of loans as of and for the period ended March 31, 2020. The unpaid principal balance is the contractual principal balance outstanding. The recorded investment is the unpaid principal balance adjusted for partial charge-offs, purchase premiums and discounts, and deferred loan fees and costs. The table presents accrual basis interest income recognized during the three months ended March 31, 2020. Cash payments of interest on these loans during the three months ended March 31, 2020 totaled $42.


							Three months ended
	As of March 31, 2020						March 31, 2020
	(unaudited)						(unaudited)
	Unpaid Principal Balance		Recorded Investment		ALLL Allocated		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Real estate:
Commercial:
Owner occupied	$	-	$	-	$	-	$	-	$	-
Total with no allowance recorded		-		-		-		-		-

With an allowance recorded:
Commercial (1)		121		121		-		144		2
Real estate:
Single-family residential		106		106		1		106		1
Commercial:
Non-owner occupied		2,736		2,736		20		2,734		38
Total with an allowance recorded		2,963		2,963		21		2,984		41
Total	$	2,963	$	2,963	$	21	$	2,984	$	41

⁽¹⁾

Allowance recorded is less than $1 resulting in rounding to zero.

The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2019. The unpaid principal balance is the contractual principal balance outstanding. The recorded investment is the unpaid principal balance adjusted for partial charge-offs, purchase premiums and discounts, and deferred loan fees and costs. The table presents accrual basis interest income recognized during the three months ended March 31, 2019. Cash payments of interest during the three months ended March 31, 2019 totaled $46.


							Three months ended
	As of December 31, 2019						March 31, 2019
							(unaudited)
	Unpaid Principal Balance		Recorded Investment		ALLL Allocated		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Commercial	$	-	$	-	$	-	$	-	$	-
Real estate:
Commercial:
Owner occupied		-		-		-		123		5
Total with no allowance recorded		-		-		-		123		5

With an allowance recorded:
Commercial		85		85		1		98		-
Real estate:
Single-family residential		107		107		1		110		1
Commercial:
Non-owner occupied		4,420		4,420		33		3,381		38
Total with an allowance recorded		4,612		4,612		35		3,589		39
Total	$	4,612	$	4,612	$	35	$	3,712	$	44

Recorded Investment In Nonaccrual Loans By Class Of Loans




	March 31, 2020		December 31, 2019
	(unaudited)
Loans past due over 90 days still on accrual	$	-	$	-
Nonaccrual loans:
Commercial		40		85
Real estate:
Single-family residential		544		550
Commercial:
Non-owner occupied		-		1,689
Consumer:
Home equity lines of credit:
Originated for portfolio		35		36
Purchased for portfolio		77		79
Other consumer		-		-
Total nonaccrual		696		2,439
Total nonaccrual and nonperforming loans	$	696	$	2,439

Aging Of Recorded Investment In Past Due Loans By Class Of Loans

The following table presents the aging of the recorded investment in past due loans and leases by class of loans as of March 31, 2020 (unaudited):


	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Loans Not Past Due		Nonaccrual Loans Not > 90 days Past Due
Commercial	$	-	$	40	$	-	$	40	$	194,545	$	40
Real estate:
Single-family residential		1,748		303		426		2,477		120,281		118
Multi-family residential		-		-		-		-		54,424		-
Commercial:
Non-owner occupied		-		-		-		-		143,583		-
Owner occupied		-		-		-		-		94,457		-
Land		-		-		-		-		28,089		-
Construction		-		-		-		-		52,258		-
Consumer:
Home equity lines of credit:
Originated for portfolio		-		136		22		158		20,527		13
Purchased for portfolio		-		-		-		-		202		77
Other		-		-		-		-		3,900		-
Total	$	1,748	$	479	$	448	$	2,675	$	712,266	$	248

The following table presents the aging of the recorded investment in past due loans and leases by class of loans as of December 31, 2019:



	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Loans Not Past Due		Nonaccrual Loans Not > 90 days Past Due
Commercial	$	-	$	71	$	-	$	71	$	170,575	$	85
Real estate:
Single-family residential		2,453		261		426		3,140		117,116		124
Multi-family residential		-		-		-		-		39,229		-
Commercial:
Non-owner occupied		-		-		1,689		1,689		138,762		-
Owner occupied		-		-		-		-		81,871		-
Land		-		-		-		-		25,221		-
Construction		304		-		-		304		67,348		-
Consumer:
Home equity lines of credit:
Originated for portfolio		-		-		22		22		20,713		14
Purchased for portfolio		-		-		-		-		206		79
Other		-		-		-		-		4,174		-
Total	$	2,757	$	332	$	2,137	$	5,226	$	665,215	$	302

Schedule Of Debtor Troubled Debt Restructuring, Subsequent Periods




	March 31, 2020		December 31, 2019
	(unaudited)
Commercial	$	-	$	85
Total	$	-	$	85

Recorded Investment In Loans By Risk Category And Class Of Loans

The recorded investment in loans and leases by risk category and by class of loans and leases as of March 31, 2020 and based on the most recent analysis performed follows. There were no loans or leases rated doubtful at March 31, 2020.


(unaudited)	Not Rated		Pass		Special Mention		Substandard		Total
Commercial	$	-	$	192,691	$	1,269	$	625	$	194,585
Real estate:
Single-family residential		122,214		-		-		544		122,758
Multi-family residential		-		54,277		-		147		54,424
Commercial:
Non-owner occupied		64		140,783		-		2,736		143,583
Owner occupied		-		91,491		2,057		909		94,457
Land		-		28,089		-		-		28,089
Construction		2,514		49,744		-		-		52,258
Consumer:
Home equity lines of credit:
Originated for portfolio		20,632		-		-		53		20,685
Purchased for portfolio		125		-		-		77		202
Other		3,900		-		-		-		3,900
	$	149,449	$	557,075	$	3,326	$	5,091	$	714,941

The recorded investment in loans and leases by risk category and by class of loans and leases as of December 31, 2019 follows. There were no loans or leases rated doubtful at December 31, 2019.



	Not Rated		Pass		Special Mention		Substandard		Total
Commercial	$	-	$	168,617	$	1,424	$	605	$	170,646
Real estate:
Single-family residential		119,707		-		-		549		120,256
Multi-family residential		-		39,081		-		148		39,229
Commercial:
Non-owner occupied		67		134,466		1,498		4,420		140,451
Owner occupied		-		79,773		2,098		-		81,871
Land		-		25,221		-		-		25,221
Construction		1,855		65,797		-		-		67,652
Consumer:
Home equity lines of credit:
Originated for portfolio		20,681		-		-		54		20,735
Purchased for portfolio		127		-		-		79		206
Other		4,174		-		-		-		4,174
	$	146,611	$	512,955	$	5,020	$	5,855	$	670,441

Components Of Net Investment In Direct Financing Leases


	March 31, 2020		December 31, 2019
	(unaudited)
Total minimum lease payments to be received	$	5,054	$	5,252
Less: unearned income		(435)		(473)
Net investment in direct financing leases	$	4,619	$	4,779

⁽¹⁾

There were no initial direct costs associated with these leases.

Summary Of Future Minimum Lease Payments Receivable


2020	$	595
2021		793
2022		793
2023		1,563
2024		1,310
	$	5,054