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Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2019

Loans and Allowance for Loan Losses [Abstract]

Summary of categories of loans

		Total Loans								Non-Accrual Loans
($ in thousands)		March 2019				December 2018				March 2019				December 2018
Commercial & industrial		$	135,580			$	127,041			$	998			$	730
Commercial real estate - owner occupied			95,348				95,651				-				-
Commercial real estate - nonowner occupied			247,123				243,688				212				218
Agricultural			50,620				52,012				-				-
Residential real estate			191,657				191,282				1,660				1,752
Home equity line of credit (HELOC)			47,302				47,382				269				195
Consumer			14,272				14,228				7				11
Total Loans		$	781,902			$	771,284			$	3,146			$	2,906
Net deferred costs		$	621			$	599
Total Loans, net deferred costs		$	782,523			$	771,883
Allowance for loan losses		$	(8,121	)		$	(8,167	)

Summary of allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method

($ in thousands)

For the Three Months Ended March 31, 2019		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Allowance for loan and lease losses
Beginning balance		$	1,435			$	2,923			$	482			$	2,567			$	760			$	8,167
Charge offs			(48	)			-				-				-				(12	)			(60	)
Recoveries			-				-				-				-				14				14
Provision			(53	)			346				(16	)			(251	)			(26	)			-
Ending balance		$	1,334			$	3,269			$	466			$	2,316			$	736			$	8,121

($ in thousands)

For the Three Months Ended March 31, 2018		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Allowance for loan and lease losses
Beginning balance		$	823			$	3,779			$	505			$	2,129			$	694			$	7,930
Charge offs			-				(19	)			-				-				(1	)			(20	)
Recoveries			-				3				-				1				5				9
Provision			155				(90	)			12				229				(6	)			300
Ending balance		$	978			$	3,673			$	517			$	2,359			$	692			$	8,219

($ in thousands)		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Loans Receivable at March 31, 2019
Allowance:
Ending balance:
individually evaluated
for impairment		$	-			$	-			$	-			$	89			$	1			$	90
Ending balance:
collectively evaluated
for impairment		$	1,334			$	3,269			$	466			$	2,227			$	735			$	8,031
Loans:
Ending balance:
individually evaluated
for impairment		$	948			$	212			$	-			$	2,308			$	38			$	3,506
Ending balance:
collectively evaluated
for impairment		$	134,632			$	342,259			$	50,620			$	189,349			$	61,536			$	778,396

($ in thousands)		Commercial & industrial				Commercial real estate				Agricultural				Residential real estate				Consumer				Total
Loans Receivable at December 31, 2018
Allowance:
Ending balance:
individually evaluated
for impairment		$	61			$	-			$	-			$	73			$	4			$	138
Ending balance:
collectively evaluated
for impairment		$	1,374			$	2,923			$	482			$	2,494			$	756			$	8,029
Loans:
Ending balance:
individually evaluated
for impairment		$	700			$	283			$	-			$	2,111			$	190			$	3,284
Ending balance:
collectively evaluated
for impairment		$	126,341			$	340,508			$	52,012			$	184,993			$	64,146			$	768,000

Summary of credit risk profile of the Company's loan portfolio based on rating category

($ in thousands)
March 31, 2019		Commercial & industrial				Commercial real estate - owner occupied				Commercial real estate - nonowner occupied				Agricultural				Residential real estate				HELOC				Consumer				Total
Pass (1 - 4)		$	131,631			$	95,348			$	244,656			$	50,157			$	188,898			$	46,954			$	14,250			$	771,894
Special Mention (5)			844				-				554				463				-				-				-				1,861
Substandard (6)			2,669				-				1,701				-				2,725				348				22				7,465
Doubtful (7)			436				-				212				-				34				-				-				682
Loss (8)			-				-				-				-				-				-				-				-
Total Loans		$	135,580			$	95,348			$	247,123			$	50,620			$	191,657			$	47,302			$	14,272			$	781,902

($ in thousands)
December 31, 2018		Commercial & industrial				Commercial real estate - owner occupied				Commercial real estate - nonowner occupied				Agricultural				Residential real estate				HELOC				Consumer				Total
Pass (1 - 4)		$	123,861			$	95,651			$	241,737			$	51,702			$	188,709			$	47,108			$	14,217			$	762,985
Special Mention (5)			680				-				20				310				-				-				-				1,010
Substandard (6)			2,305				-				1,714				-				2,538				273				11				6,841
Doubtful (7)			195				-				218				-				35				-				-				448
Loss (8)			-				-				-				-				-				-				-				-
Total Loans		$	127,041			$	95,651			$	243,689			$	52,012			$	191,282			$	47,381			$	14,228			$	771,284

Summary of loan portfolio aging analysis

($ in thousands)		30-59 Days				60-89 Days				Greater Than				Total Past								Total Loans
March 31, 2019		Past Due				Past Due				90 Days				Due				Current				Receivable
Commercial & industrial		$	-			$	-			$	458			$	458			$	135,122			$	135,580
Commercial real estate - owner occupied			-				-				-				-				95,348				95,348
Commercial real estate - nonowner occupied			424				-				-				424				246,699				247,123
Agricultural			-				-				-				-				50,620				50,620
Residential real estate			283				103				214				600				191,057				191,657
HELOC			87				105				70				262				47,040				47,302
Consumer			14				6				7				27				14,245				14,272
Total Loans		$	808			$	214			$	749			$	1,771			$	780,131			$	781,902

($ in thousands)		30-59 Days				60-89 Days				Greater Than				Total Past								Total Loans
December 31, 2018		Past Due				Past Due				90 Days				Due				Current				Receivable
Commercial & industrial		$	120			$	-			$	661			$	781			$	126,260			$	127,041
Commercial real estate - owner occupied			-				-				-				-				95,651				95,651
Commercial real estate - nonowner occupied			343				-				-				343				243,345				243,688
Agricultural			-				-				-				-				52,012				52,012
Residential real estate			2,400				886				384				3,670				187,612				191,282
HELOC			163				16				55				234				47,148				47,382
Consumer			5				1				11				17				14,211				14,228
Total Loans		$	3,030			$	904			$	1,111			$	5,045			$	766,239			$	771,284

Summary of impaired loan activity

Three Months Ended
March 31, 2019			Recorded				Unpaid Principal				Related				Average Recorded				Interest Income
($ in thousands)			Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	948			$	1,223			$	-			$	949			$	25
Commercial real estate - owner occupied			-				-				-				-				-
Commercial real estate - nonowner occupied			212				212				-				259				7
Agricultural			-				-				-				-				-
Residential real estate			1,337				1,380				-				1,608				24
HELOC			18				18								20				-
Consumer			-				-				-				-				-
With a specific allowance recorded:
Commercial & industrial			-				-				-				-				-
Commercial real estate - owner occupied			-				-				-				-				-
Commercial real estate - nonowner occupied			-				-				-				-				-
Agricultural			-				-				-				-				-
Residential real estate			971				971				89				1,003				12
HELOC			-				-				-				-				-
Consumer			20				20				1				21				-
Totals:
Commercial & industrial		$	948			$	1,223			$	-			$	949			$	25
Commercial real estate - owner occupied		$	-			$	-			$	-			$	-			$	-
Commercial real estate - nonowner occupied		$	212			$	212			$	-			$	259			$	7
Agricultural		$	-			$	-			$	-			$	-			$	-
Residential real estate		$	2,308			$	2,351			$	89			$	2,611			$	36
HELOC		$	18			$	18			$	-			$	20			$	-
Consumer		$	20			$	20			$	1			$	21			$	-

Twelve Months Ended
December 31, 2018			Recorded				Unpaid Principal				Related				Average Recorded				Interest Income
($ in thousands)			Investment				Balance				Allowance				Investment				Recognized
With no related allowance recorded:
Commercial & industrial		$	605			$	832			$	-			$	405			$	23
Commercial real estate - owner occupied			-				-				-				-				-
Commercial real estate - nonowner occupied			218				218				-				260				17
Agricultural			-				-				-				-				-
Residential real estate			1,376				1,419				-				1,656				90
HELOC			20				20				-				21				1
Consumer			-				-				-				-				-
With a specific allowance recorded:
Commercial & industrial			125				125				61				127				21
Commercial real estate - owner occupied			-				-				-				-				-
Commercial real estate - nonowner occupied			-				-				-				-				-
Agricultural			-				-				-				-				-
Residential real estate			933				959				76				993				35
HELOC			-				-				-				-				-
Consumer			7				7				1				8				1
Totals:
Commercial & industrial		$	730			$	957			$	61			$	532			$	44
Commercial real estate - owner occupied		$	-			$	-			$	-			$	-			$	-
Commercial real estate - nonowner occupied		$	218			$	218			$	-			$	260			$	17
Agricultural		$	-			$	-			$	-			$	-			$	-
Residential real estate		$	2,309			$	2,378			$	76			$	2,649			$	125
HELOC		$	20			$	20			$	-			$	21			$	1
Consumer		$	7			$	7			$	1			$	8			$	1

Three Months Ended
March 31, 2018		Average Recorded				Unpaid Principal
($ in thousands)		Investment				Balance
With no related allowance recorded:
Commercial & industrial		$	32			$	32
Commercial real estate - owner occupied			-				-
Commercial real estate - nonowner occupied			480				506
Agricultural			-				-
Residential real estate			1,442				1,485
HELOC			-				-
Consumer			-				-
With a specific allowance recorded:
Commercial & industrial			-				-
Commercial real estate - owner occupied			-				-
Commercial real estate - nonowner occupied
Agricultural			-				-
Residential real estate			1,141				1,160
HELOC			-				-
Consumer			10				10
Totals:
Commercial & industrial		$	32			$	32
Commercial real estate - owner occupied		$	-			$	-
Commercial real estate - nonowner occupied		$	480			$	506
Agricultural		$	-			$	-
Residential real estate		$	2,583			$	2,645
HELOC		$	-			$	-
Consumer		$	10			$	10

Schedule of TDR activity

($ in thousands)		Number of Loans				Pre- Modification  Recorded Balance				Post Modification Recorded Balance
Commercial & industrial			3			$	763			$	763
Total Modifications			3			$	763			$	763

		Interest												Total
		Only				Term				Combination				Modification
Commercial & industrial		$	150			$	613			$	-			$	763
Total Modifications		$	150			$	613			$	-			$	763

($ in thousands)		Number of Contracts				Recorded Balance
Residential real estate			2				102
Total Modifications			2			$	102

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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.

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