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Loans and allowance for loan losses | 6 Months Ended
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Jun. 30, 2019
Receivables [Abstract] |
Loans and allowance for loan losses |
3. | Loans and Allowance for Loan Losses
A summary of the Company’s loan portfolio is as follows:
|  | June 30, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
|  | (unaudited) |  |  |  |
Commercial real estate loans: |  |  |  |  |  |  |  |
Construction |  | $ | 13,357 |  |  | $ | 12,870 |
Non-residential |  |  | 207,027 |  |  |  | 197,499 |
Multi-family |  |  | 18,779 |  |  |  | 12,661 |
Residential real estate loans |  |  | 39,959 |  |  |  | 43,534 |
Commercial and industrial loans |  |  | 89,473 |  |  |  | 83,203 |
Consumer loans: |  |  |  |  |  |  |  |
Indirect automobile |  |  | 338,367 |  |  |  | 297,144 |
Home equity |  |  | 18,591 |  |  |  | 19,269 |
Other consumer |  |  | 10,312 |  |  |  | 10,826 |
Total gross loans |  |  | 735,865 |  |  |  | 677,006 |
Net deferred loan costs |  |  | 9,286 |  |  |  | 8,042 |
Allowance for loan losses |  |  | (7,858 | ) |  |  | (6,646 | )
Total net loans |  | $ | 737,293 |  |  | $ | 678,402 |
At June 30, 2019 and December 31, 2018, the unpaid principal balances of loans held for sale, included in the residential real estate category above, were $838 and $888, respectively. The following tables present the classes of the loan portfolio summarized by the pass category and the criticized categories of special mention, substandard and doubtful within the internal risk system:
|  | June 30, 2019 |
|  |  |  |  | Special |  |  |  |  |  |  |  |  |  |
|  | Pass |  |  | Mention |  |  | Substandard |  |  | Doubtful |  |  | Total |
|  | (unaudited) |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | $ | 13,357 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 13,357 |
Non-residential |  |  | 197,330 |  |  |  | 6,495 |  |  |  | 3,202 |  |  |  | - |  |  |  | 207,027 |
Multifamily |  |  | 18,394 |  |  |  | - |  |  |  | 385 |  |  |  | - |  |  |  | 18,779 |
Residential real estate |  |  | 37,263 |  |  |  | - |  |  |  | - |  |  |  | 2,696 |  |  |  | 39,959 |
Commercial and industrial |  |  | 87,853 |  |  |  | 659 |  |  |  | 921 |  |  |  | 40 |  |  |  | 89,473 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indirect automobile |  |  | 337,777 |  |  |  | - |  |  |  | - |  |  |  | 590 |  |  |  | 338,367 |
Home equity |  |  | 18,127 |  |  |  | - |  |  |  | - |  |  |  | 464 |  |  |  | 18,591 |
Other consumer |  |  | 10,272 |  |  |  | - |  |  |  | - |  |  |  | 40 |  |  |  | 10,312 |
Total |  | $ | 720,373 |  |  | $ | 7,154 |  |  | $ | 4,508 |  |  | $ | 3,830 |  |  | $ | 735,865 |
|  | December 31, 2018 |
|  |  |  |  | Special |  |  |  |  |  |  |  |  |  |
|  | Pass |  |  | Mention |  |  | Substandard |  |  | Doubtful |  |  | Total |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | $ | 12,870 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 12,870 |
Non-residential |  |  | 186,020 |  |  |  | 6,840 |  |  |  | 4,639 |  |  |  | - |  |  |  | 197,499 |
Multifamily |  |  | 12,261 |  |  |  | - |  |  |  | 400 |  |  |  | - |  |  |  | 12,661 |
Residential real estate |  |  | 41,249 |  |  |  | - |  |  |  | - |  |  |  | 2,285 |  |  |  | 43,534 |
Commercial and industrial |  |  | 81,111 |  |  |  | 965 |  |  |  | 1,124 |  |  |  | 3 |  |  |  | 83,203 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indirect automobile |  |  | 296,692 |  |  |  | - |  |  |  | - |  |  |  | 452 |  |  |  | 297,144 |
Home equity |  |  | 19,071 |  |  |  | - |  |  |  | - |  |  |  | 198 |  |  |  | 19,269 |
Other consumer |  |  | 10,816 |  |  |  | - |  |  |  | - |  |  |  | 10 |  |  |  | 10,826 |
Total |  | $ | 660,090 |  |  | $ | 7,805 |  |  | $ | 6,163 |  |  | $ | 2,948 |  |  | $ | 677,006 |
Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The past due status of all classes of loans is determined based on contractual due dates for loan payments. The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and non-accrual loans:
|  | June 30, 2019 |
|  |  |  |  |  |  |  |  |  |  | Greater Than |  |  |  |  |  |  |
|  |  |  |  | 30-59 Days |  |  | 60-89 Days |  |  | 90 Days Past |  |  | Total Loans |  |  |  |
|  | Current |  |  | Past Due |  |  | Past Due |  |  | Due |  |  | Receivable |  |  | Non-accrual |
|  | (unaudited) |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | $ | 13,357 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 13,357 |  |  | $ | - |
Non-residential |  |  | 204,559 |  |  |  | 241 |  |  |  | 173 |  |  |  | 2,054 |  |  |  | 207,027 |  |  |  | 2,054 |
Multifamily |  |  | 18,420 |  |  |  | - |  |  |  | 359 |  |  |  | - |  |  |  | 18,779 |  |  |  | - |
Residential real estate |  |  | 37,993 |  |  |  | 889 |  |  |  | - |  |  |  | 1,077 |  |  |  | 39,959 |  |  |  | 2,696 |
Commercial and industrial |  |  | 88,942 |  |  |  | 68 |  |  |  | 423 |  |  |  | 40 |  |  |  | 89,473 |  |  |  | 306 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indirect automobile |  |  | 332,384 |  |  |  | 4,520 |  |  |  | 896 |  |  |  | 567 |  |  |  | 338,367 |  |  |  | 590 |
Home equity |  |  | 18,039 |  |  |  | 186 |  |  |  | - |  |  |  | 366 |  |  |  | 18,591 |  |  |  | 463 |
Other consumer |  |  | 10,061 |  |  |  | 165 |  |  |  | 45 |  |  |  | 41 |  |  |  | 10,312 |  |  |  | 41 |
Total |  | $ | 723,755 |  |  | $ | 6,069 |  |  | $ | 1,896 |  |  | $ | 4,145 |  |  | $ | 735,865 |  |  | $ | 6,150 |
|  | December 31, 2018 |
|  |  |  |  |  |  |  |  |  |  | Greater Than |  |  |  |  |  |  |
|  |  |  |  | 30-59 Days |  |  | 60-89 Days |  |  | 90 Days Past |  |  | Total Loans |  |  |  |
|  | Current |  |  | Past Due |  |  | Past Due |  |  | Due |  |  | Receivable |  |  | Non-accrual |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | $ | 12,870 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 12,870 |  |  | $ | - |
Non-residential |  |  | 193,273 |  |  |  | 1,466 |  |  |  | 253 |  |  |  | 2,507 |  |  |  | 197,499 |  |  |  | 2,507 |
Multifamily |  |  | 12,487 |  |  |  | 174 |  |  |  | - |  |  |  | - |  |  |  | 12,661 |  |  |  | - |
Residential real estate |  |  | 42,083 |  |  |  | 305 |  |  |  | 615 |  |  |  | 531 |  |  |  | 43,534 |  |  |  | 2,208 |
Commercial and industrial |  |  | 82,992 |  |  |  | 206 |  |  |  | 1 |  |  |  | 4 |  |  |  | 83,203 |  |  |  | 297 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indirect automobile |  |  | 291,369 |  |  |  | 4,429 |  |  |  | 915 |  |  |  | 431 |  |  |  | 297,144 |  |  |  | 452 |
Home equity |  |  | 18,905 |  |  |  | 264 |  |  |  | - |  |  |  | 100 |  |  |  | 19,269 |  |  |  | 198 |
Other consumer |  |  | 10,601 |  |  |  | 186 |  |  |  | 29 |  |  |  | 10 |  |  |  | 10,826 |  |  |  | 10 |
Total |  | $ | 664,580 |  |  | $ | 7,030 |  |  | $ | 1,813 |  |  | $ | 3,583 |  |  | $ | 677,006 |  |  | $ | 5,672 |
The following tables summarize information in regards to impaired loans by loan portfolio class:
|  | June 30, 2019 |
|  | Recorded Investment |  |  | Unpaid Principal Balance |  |  | Related Allowance |  |  | Average Recorded Investment |
|  | (unaudited) |
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Non-residential |  |  | 2,054 |  |  |  | 2,094 |  |  |  | - |  |  |  | 2,281 |
Multifamily |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Residential real estate |  |  | 2,696 |  |  |  | 3,162 |  |  |  | - |  |  |  | 2,490 |
Commercial and industrial |  |  | 266 |  |  |  | 401 |  |  |  | - |  |  |  | 282 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indirect automobile |  |  | 353 |  |  |  | 395 |  |  |  | - |  |  |  | 313 |
Home equity |  |  | 464 |  |  |  | 481 |  |  |  | - |  |  |  | 331 |
Other consumer |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5 |
Total |  | $ | 5,833 |  |  | $ | 6,533 |  |  | $ | - |  |  | $ | 5,702 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Non-residential |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Multifamily |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Residential real estate |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Commercial and industrial |  |  | 40 |  |  |  | 40 |  |  |  | 40 |  |  |  | 20 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Indirect automobile |  |  | 237 |  |  |  | 265 |  |  |  | 69 |  |  |  | 208 |
Home equity |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other consumer |  |  | 40 |  |  |  | 41 |  |  |  | 12 |  |  |  | 20 |
Total |  | $ | 317 |  |  | $ | 346 |  |  | $ | 121 |  |  | $ | 248 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Non-residential |  |  | 2,054 |  |  |  | 2,094 |  |  |  | - |  |  |  | 2,281 |
Multifamily |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Residential real estate |  |  | 2,696 |  |  |  | 3,162 |  |  |  | - |  |  |  | 2,490 |
Commercial and industrial |  |  | 306 |  |  |  | 441 |  |  |  | 40 |  |  |  | 302 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indirect automobile |  |  | 590 |  |  |  | 660 |  |  |  | 69 |  |  |  | 521 |
Home equity |  |  | 464 |  |  |  | 481 |  |  |  | - |  |  |  | 331 |
Other consumer |  |  | 40 |  |  |  | 41 |  |  |  | 12 |  |  |  | 25 |
Total |  | $ | 6,150 |  |  | $ | 6,879 |  |  | $ | 121 |  |  | $ | 5,950 |
|  | December 31, 2018 |
|  | Recorded Investment |  |  | Unpaid Principal Balance |  |  | Related Allowance |  |  | Average Recorded Investment |
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 563 |
Non-residential |  |  | 2,507 |  |  |  | 2,601 |  |  |  | - |  |  |  | 3,023 |
Multifamily |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Residential real estate |  |  | 2,285 |  |  |  | 2,841 |  |  |  | - |  |  |  | 2,235 |
Commercial and industrial |  |  | 297 |  |  |  | 421 |  |  |  | - |  |  |  | 758 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indirect automobile |  |  | 274 |  |  |  | 320 |  |  |  | - |  |  |  | 242 |
Home equity |  |  | 198 |  |  |  | 211 |  |  |  | - |  |  |  | 158 |
Other consumer |  |  | 10 |  |  |  | 10 |  |  |  | - |  |  |  | 5 |
Total |  | $ | 5,571 |  |  | $ | 6,404 |  |  | $ | - |  |  | $ | 6,984 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Non-residential |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 451 |
Multifamily |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Residential real estate |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Commercial and industrial |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 9 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indirect automobile |  |  | 178 |  |  |  | 191 |  |  |  | 50 |  |  |  | 205 |
Home equity |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other consumer |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2 |
Total |  | $ | 178 |  |  | $ | 191 |  |  | $ | 50 |  |  | $ | 667 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 563 |
Non-residential |  |  | 2,507 |  |  |  | 2,601 |  |  |  | - |  |  |  | 3,474 |
Multifamily |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Residential real estate |  |  | 2,285 |  |  |  | 2,841 |  |  |  | - |  |  |  | 2,235 |
Commercial and industrial |  |  | 297 |  |  |  | 421 |  |  |  | - |  |  |  | 767 |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indirect automobile |  |  | 452 |  |  |  | 511 |  |  |  | 50 |  |  |  | 447 |
Home equity |  |  | 198 |  |  |  | 211 |  |  |  | - |  |  |  | 158 |
Other consumer |  |  | 10 |  |  |  | 10 |  |  |  | - |  |  |  | 7 |
Total |  | $ | 5,749 |  |  | $ | 6,595 |  |  | $ | 50 |  |  | $ | 7,651 |
A loan is considered impaired when based on current information and events it is probable that the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming loans and loans modified as troubled debt restructurings. Loan modifications, which resulted in these loans being considered TDRs, are primarily in the form of rate concessions and extensions of maturity dates. The Company does not generally recognize interest income on a loan in an impaired status. At June 30, 2019 and December 31, 2018, three loans totaling $1,716 and the same three loans totaling $1,774, respectively, included in impaired loans, were identified as TDRs. There were no new TDRs in the first half of 2019. In 2018, the Company restructured two loans, a residential mortgage and home equity loan, into a single residential mortgage, with a carrying value of $117, which included both rate and term modifications. At June 30, 2019 and December 31, 2018, all TDR loans were performing in accordance with their restructured terms. During the year ended December 31, 2018, one loan for $19 had defaulted in its modified terms and was charged off. At June 30, 2019 and December 31, 2018, the Company had no commitments to advance additional funds to borrowers under TDR loans. The Company services certain loans that it has sold without recourse to third parties. The aggregate balances of loans serviced for others were $261,559 and $255,892 as of June 30, 2019 and December 31, 2018, respectively. The balance of capitalized servicing rights, included in other assets at June 30, 2019 and December 31, 2018, were $2,203 and $2,278, respectively. Fair value exceeds carrying value. No impairment charges related to servicing rights were recognized during the period ended June 30, 2019 and the year ended December 31, 2018. The following tables summarize the segments of the loan portfolio and the allowance for loan losses, segregated into the amount required Afor loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment and the activity in the allowance for loan losses for the periods then ended:
|  | Commercial Real Estate |  |  | Residential Real Estate |  |  | Commercial and Industrial |  |  | Indirect |  |  | Consumer |  |  | Totals |
|  | Three months ended June 30, 2019 |
|  | (unaudited) |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 1,159 |  |  | $ | 286 |  |  | $ | 1,575 |  |  | $ | 3,380 |  |  | $ | 783 |  |  | $ | 7,183 |
Provision for loan losses |  |  | 93 |  |  |  | 17 |  |  |  | 327 |  |  |  | 329 |  |  |  | 14 |  |  |  | 780 |
Loans charged-off |  |  | - |  |  |  | - |  |  |  | (7 | ) |  |  | (424 | ) |  |  | (9 | ) |  |  | (440 | )
Recoveries |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | 321 |  |  |  | 12 |  |  |  | 335 |
Ending balance |  | $ | 1,252 |  |  | $ | 305 |  |  | $ | 1,895 |  |  | $ | 3,606 |  |  | $ | 800 |  |  | $ | 7,858 |
|  | Six months ended June 30, 2019 |
|  | (unaudited) |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 1,080 |  |  | $ | 320 |  |  | $ | 1,542 |  |  | $ | 2,915 |  |  | $ | 789 |  |  | $ | 6,646 |
Provision (credit) for loan losses |  |  | 172 |  |  |  | (18 | ) |  |  | 364 |  |  |  | 1,032 |  |  |  | 10 |  |  |  | 1,560 |
Loans charged-off |  |  | - |  |  |  | - |  |  |  | (12 | ) |  |  | (919 | ) |  |  | (15 | ) |  |  | (946 | )
Recoveries |  |  | - |  |  |  | 3 |  |  |  | 1 |  |  |  | 578 |  |  |  | 16 |  |  |  | 598 |
Ending balance |  | $ | 1,252 |  |  | $ | 305 |  |  | $ | 1,895 |  |  | $ | 3,606 |  |  | $ | 800 |  |  | $ | 7,858 |
Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | - |  |  | $ | - |  |  | $ | 41 |  |  | $ | 69 |  |  | $ | 11 |  |  | $ | 121 |
Collectively evaluated for impairment |  | $ | 1,252 |  |  | $ | 305 |  |  | $ | 1,854 |  |  | $ | 3,537 |  |  | $ | 789 |  |  | $ | 7,737 |
Loan receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 239,163 |  |  | $ | 39,959 |  |  | $ | 89,473 |  |  | $ | 338,367 |  |  | $ | 28,903 |  |  | $ | 735,865 |
Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 2,054 |  |  | $ | 2,696 |  |  | $ | 307 |  |  | $ | 590 |  |  | $ | 503 |  |  | $ | 6,150 |
Collectively evaluated for impairment |  | $ | 237,109 |  |  | $ | 37,263 |  |  | $ | 89,166 |  |  | $ | 337,777 |  |  | $ | 28,400 |  |  | $ | 729,715 |
|  | Commercial Real Estate |  |  | Residential Real Estate |  |  | Commercial and Industrial |  |  | Indirect |  |  | Consumer |  |  | Totals |
|  | Three months ended June 30, 2018 |
|  | (unaudited) |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 897 |  |  | $ | 462 |  |  | $ | 950 |  |  | $ | 2,577 |  |  | $ | 734 |  |  | $ | 5,620 |
Provision for loan losses |  |  | 50 |  |  |  | 49 |  |  |  | 131 |  |  |  | 247 |  |  |  | 48 |  |  |  | 525 |
Loans charged-off |  |  | - |  |  |  | - |  |  |  | (9 | ) |  |  | (362 | ) |  |  | (10 | ) |  |  | (381 | )
Recoveries |  |  | - |  |  |  | 2 |  |  |  | 10 |  |  |  | 159 |  |  |  | 4 |  |  |  | 175 |
Ending balance |  | $ | 947 |  |  | $ | 513 |  |  | $ | 1,082 |  |  | $ | 2,621 |  |  | $ | 776 |  |  | $ | 5,939 |
|  | Six months ended June 30, 2018 |
|  | (unaudited) |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 1,305 |  |  | $ | 455 |  |  | $ | 879 |  |  | $ | 2,150 |  |  | $ | 668 |  |  | $ | 5,457 |
(Credit) provision for loan losses |  |  | (55 | ) |  |  | 55 |  |  |  | 118 |  |  |  | 817 |  |  |  | 115 |  |  |  | 1,050 |
Loans charged-off |  |  | (303 | ) |  |  | - |  |  |  | (28 | ) |  |  | (735 | ) |  |  | (18 | ) |  |  | (1,084 | )
Recoveries |  |  | - |  |  |  | 3 |  |  |  | 113 |  |  |  | 389 |  |  |  | 11 |  |  |  | 516 |
Ending balance |  | $ | 947 |  |  | $ | 513 |  |  | $ | 1,082 |  |  | $ | 2,621 |  |  | $ | 776 |  |  | $ | 5,939 |
Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 61 |  |  | $ | - |  |  | $ | 61 |
Collectively evaluated for impairment |  | $ | 947 |  |  | $ | 513 |  |  | $ | 1,082 |  |  | $ | 2,560 |  |  | $ | 776 |  |  | $ | 5,878 |
Loan receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 220,697 |  |  | $ | 43,736 |  |  | $ | 75,612 |  |  | $ | 250,217 |  |  | $ | 30,329 |  |  | $ | 620,591 |
Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 5,874 |  |  | $ | 2,483 |  |  | $ | 1,211 |  |  | $ | 325 |  |  | $ | 273 |  |  | $ | 10,166 |
Collectively evaluated for impairment |  | $ | 214,823 |  |  | $ | 41,253 |  |  | $ | 74,401 |  |  | $ | 249,892 |  |  | $ | 30,056 |  |  | $ | 610,425 |
|  | Commercial Real Estate |  |  | Residential Real Estate |  |  | Commercial and Industrial |  |  | Indirect |  |  | Consumer |  |  | Totals |
|  | Year ended December 31, 2018 |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 1,305 |  |  | $ | 455 |  |  | $ | 879 |  |  | $ | 2,150 |  |  | $ | 668 |  |  | $ | 5,457 |
(Credit) provision for loan losses |  |  | (45 | ) |  |  | (140 | ) |  |  | 578 |  |  |  | 1,539 |  |  |  | 168 |  |  |  | 2,100 |
Loans charged-off |  |  | (303 | ) |  |  | - |  |  |  | (37 | ) |  |  | (1,607 | ) |  |  | (66 | ) |  |  | (2,013 | )
Recoveries |  |  | 123 |  |  |  | 5 |  |  |  | 122 |  |  |  | 833 |  |  |  | 19 |  |  |  | 1,102 |
Ending balance |  | $ | 1,080 |  |  | $ | 320 |  |  | $ | 1,542 |  |  | $ | 2,915 |  |  | $ | 789 |  |  | $ | 6,646 |
Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 50 |  |  | $ | - |  |  | $ | 50 |
Collectively evaluated for impairment |  | $ | 1,080 |  |  | $ | 320 |  |  | $ | 1,542 |  |  | $ | 2,865 |  |  | $ | 789 |  |  | $ | 6,596 |
Loan receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 223,030 |  |  | $ | 43,534 |  |  | $ | 83,203 |  |  | $ | 297,144 |  |  | $ | 30,095 |  |  | $ | 677,006 |
Ending balance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 2,507 |  |  | $ | 2,285 |  |  | $ | 297 |  |  | $ | 452 |  |  | $ | 208 |  |  | $ | 5,749 |
Collectively evaluated for impairment |  | $ | 220,523 |  |  | $ | 41,249 |  |  | $ | 82,906 |  |  | $ | 296,692 |  |  | $ | 29,887 |  |  | $ | 671,257 |
In the normal course of business, the Company grants loans to officers, directors and other related parties. Balances and activity of such loans during the periods presented were not material.

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