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Loans And Allowance For Loan Losses | 12 Months Ended
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Dec. 31, 2017
Loans And Allowance For Loan Losses [Abstract] |
Loans And Allowance For Loan Losses | Note 5 - Loans and allowance for loan losses The allowance represents an amount that, in management’s judgment, will be adequate to absorb any losses on existing loans that may become uncollectible. Management’s judgment in determining the level of the allowance is based on evaluations of the collectability of loans while taking into consideration such factors as trends in delinquencies and charge-offs, changes in the nature and volume of the loan portfolio, current economic conditions that may affect a borrower’s ability to repay and the value of collateral, overall portfolio quality and review of specific potential losses. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. Management has an established methodology used to determine the adequacy of the allowance for loan losses that assesses the risks and losses inherent in the loan portfolio. For purposes of determining the allowance for loan losses, the Bank has segmented certain loans in the portfolio by product type. Within these segments, the Bank has sub-segmented its portfolio by classes within the segments, based on the associated risks within these classes. The classifications set forth below do not correspond directly to the classifications set forth in the call report (Form FFIEC 041). Management has determined that the classifications set forth below are more appropriate for use in identifying and managing risk in the loan portfolio.
﻿ |
Loan Segments: | Loan Classes:
Commercial | Commercial and industrial loans
Commercial real estate | Commercial mortgages – owner occupied Commercial mortgages – non-owner occupied Commercial construction
Consumer | Consumer unsecured Consumer secured
Residential | Residential mortgages Residential consumer construction
Note 5 - Loans and allowance for loan losses (continued) The evaluation also considers the following risk characteristics of each loan segment:
| · |  | Commercial loans carry risks associated with the successful operation of a business because the repayment of these loans may be dependent upon the profitability and cash flows of the business or project. In addition, there is risk associated with the value of collateral other than real estate which may depreciate over time and cannot be appraised with as much precision.
| · |  | Commercial real estate loans carry risks associated with a real estate project and other risks associated with the ownership of real estate. In addition, for real estate construction loans there is a risk that the project will not be finished according to schedule, the project will not be finished according to budget and the value of the collateral may, at any point in time, be less than the principal amount of the loan. Construction loans also bear the risk that the general contractor, who may or may not be a loan customer, may be unable to finish the construction project as planned because of financial pressure unrelated to the project.
| · |  | Consumer loans carry risks associated with the continued credit-worthiness of the borrower and the value of the collateral (e.g., rapidly-depreciating assets such as automobiles), or lack thereof. Consumer loans are more likely than real estate loans to be immediately adversely affected by job loss, divorce, illness or personal bankruptcy. Unsecured consumer loans carry additional risks associated with the continued credit-worthiness of borrowers who may be unable to meet payment obligations.
| · |  | Residential mortgage and construction loans carry risks associated with the continued credit-worthiness of the borrower and changes in the value of the collateral. Equity lines of credit carry risks associated with the continued credit-worthiness of the borrower and changes in the value of the collateral.
The Bank’s internal risk rating system is in place to grade commercial and commercial real estate loans. Category ratings are reviewed periodically by lenders and the credit review area of the Bank based on the borrower’s individual situation. Additionally, internal and external monitoring and review of credits are conducted on an annual basis. Below is a summary and definition of the Bank’s risk rating categories:
﻿ |
RATING 1 | Excellent
RATING 2 | Above Average
RATING 3 | Satisfactory
RATING 4 | Acceptable / Low Satisfactory
RATING 5 | Monitor
RATING 6 | Special Mention
RATING 7 | Substandard
RATING 8 | Doubtful
RATING 9 | Loss
Based on the above criteria, we segregate loans into the above categories for special mention, substandard, doubtful and loss from non-classified, or pass rated, loans. We review the characteristics of each rating at least annually, generally during the first quarter. The characteristics of these ratings are as follows: Note 5 - Loans and allowance for loan losses (continued)
| · |  | “Pass.” These are loans having risk ratings of 1 through 4. Pass loans are to persons or business entities with an acceptable financial condition, appropriate collateral margins, appropriate cash flow to service the existing loan, and an appropriate leverage ratio. The borrower has paid all obligations as agreed and it is expected that this type of payment history will continue. When necessary, acceptable personal guarantors support the loan.
| · |  | “Monitor.” These are loans having a risk rating of 5. Monitor loans have currently acceptable risk but may have the potential for a specific defined weakness in the borrower’s operations and the borrower’s ability to generate positive cash flow on a sustained basis. The borrower’s recent payment history may currently or in the future be characterized by late payments. The Bank’s risk exposure is mitigated by collateral supporting the loan. The collateral is considered to be well-margined, well maintained, accessible and readily marketable.
| · |  | “Special Mention.” These are loans having a risk rating of 6. Special Mention loans have weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Bank’s credit position at some future date. Special Mention loans are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. These loans do warrant more than routine monitoring due to a weakness caused by adverse events.
| · |  | “Substandard.” These are loans having a risk rating of 7. Substandard loans are considered to have specific and well-defined weaknesses that jeopardize the viability of the Bank’s credit extension. The payment history for the loan has been inconsistent and the expected or projected primary repayment source may be inadequate to service the loan. The estimated net liquidation value of the collateral pledged and/or ability of the personal guarantor(s) to pay the loan may not adequately protect the Bank. There is a distinct possibility that the Bank will sustain some loss if the deficiencies associated with the loan are not corrected in the near term. A substandard loan would not automatically meet our definition of impaired unless the loan is significantly past due and the borrower’s performance and financial condition provide evidence that it is probable that the Bank will be unable to collect all amounts due.
| · |  | “Doubtful.” These are loans having a risk rating of 8. Doubtful rated loans have all the weaknesses inherent in a loan that is classified substandard but with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is high.
| · |  | “Loss.” These are loans having a risk rating of 9. Loss rated loans are not considered collectible under normal circumstances and there is no realistic expectation for any future payment on the loan. Loss rated loans are fully charged off.
Note 5 - Loans and allowance for loan losses (continued) The Bank grants primarily commercial, real estate, and installment loans to customers throughout its market area, which consists primarily of Region 2000 which includes the counties of Amherst, Appomattox, Bedford and Campbell, the Town of Bedford, and the City of and the City of Lynchburg, Virginia. The real estate portfolio can be affected by the condition of the local real estate market. The commercial and installment loan portfolio can be affected by the local economic conditions. ﻿ A summary of loans, net is as follows:
﻿ |  |  |  |
﻿ |  |  |  |
﻿ |  | December 31,
﻿ |  | 2017 |  | 2016
﻿ |  |  |  |
﻿Commercial |  | $96,127 |  | $88,085
﻿Commercial real estate |  | 251,807 |  | 237,638
﻿Consumer |  | 83,746 |  | 85,099
﻿Residential |  | 64,094 |  | 59,247
﻿ |  |  |  |
﻿ Total loans (1) |  | 495,774 |  | 470,069
﻿ |  |  |  |
﻿Less allowance for loan losses |  | 4,752 |  | 5,716
﻿ |  |  |  |
﻿ Net loans |  | $491,022 |  | $464,353
﻿
| (1) |  | Includes net deferred costs and premiums of $940 and $182, respectively.
The amount of overdrafts reclassified as loans was $36 and $54 as of December 31, 2017 and 2016, respectively. ﻿ The Company’s officers, directors and their related interests have various types of loan relationships with the Bank. The total outstanding balances of these related party loans at December 31, 2017 and 2016 were $14,592 and $15,869 respectively. During 2017, new loans and advances amounted to $1,626 and repayments amounted to $2,903. Note 5 - Loans and allowance for loan losses (continued) ﻿ The following tables set forth information regarding impaired and non-accrual loans as of December 31, 2017 and 2016:
﻿ |  |
﻿ |  |
﻿Loans on Non-Accrual Status
﻿
﻿ |  |
﻿ | As of December 31,
﻿ | 2017 | 2016
﻿Commercial | $727 | $915
Commercial Real Estate: |  |
﻿ Commercial Mortgages-Owner Occupied | 1,465 | 855
﻿ Commercial Mortgages-Non-Owner Occupied | 468 | -
﻿ Commercial Construction | - | 256
Consumer |  |
﻿ Consumer Unsecured | - | -
﻿ Consumer Secured | 566 | 80
Residential: |  |
﻿ Residential Mortgages | 1,025 | 1,292
﻿ Residential Consumer Construction | 58 | 67
﻿ |  |
﻿ Totals | $4,309 | $3,465
﻿ Note 5 - Loans and allowance for loan losses (continued) ﻿
﻿ |  |  |  |  |  |  |  |  |  |
﻿ |  | Impaired Loans
﻿ |  | As of and for the Year Ended December 31, 2017
﻿ |  |  |  | Unpaid |  |  |  | Average |  | Interest
﻿ |  | Recorded |  | Principal |  | Related |  | Recorded |  | Income
﻿2017 |  | Investment |  | Balance |  | Allowance |  | Investment |  | Recognized
﻿With No Related Allowance Recorded: |  |  |  |  |  |  |  |  |
﻿ | Commercial | $ 925 |  | $ 1,505 |  | $ - |  | $ 812 |  | $ 54
﻿ | Commercial Real Estate |  |  |  |  |  |  |  |  |
﻿ | Commercial Mortgages-Owner Occupied | 2,427 |  | 2,539 |  | - |  | 2,723 |  | 179
﻿ | Commercial Mortgage Non-Owner Occupied | 675 |  | 690 |  | - |  | 512 |  | 30
﻿ | Commercial Construction | - |  | - |  | - |  | - |  | -
﻿ | Consumer |  |  |  |  |  |  |  |  |
﻿ | Consumer Unsecured | - |  | - |  | - |  | - |  | -
﻿ | Consumer Secured | 279 |  | 283 |  | - |  | 149 |  | 11
﻿ | Residential |  |  |  |  |  |  |  |  |
﻿ | Residential Mortgages | 1,580 |  | 1,673 |  | - |  | 1,568 |  | 63
﻿ | Residential Consumer Construction | - |  | - |  | - |  | - |  | -
﻿ |  |  |  |  |  |  |  |  |  |
﻿With an Allowance Recorded: |  |  |  |  |  |  |  |  |
﻿ | Commercial | $ 317 |  | $ 323 |  | $112 |  | $ 919 |  | $ 16
﻿ | Commercial Real Estate |  |  |  |  |  |  |  |  |
﻿ | Commercial Mortgages-Owner Occupied | 665 |  | 665 |  | 93 |  | 1,126 |  | 39
﻿ | Commercial Mortgage Non-Owner Occupied | 73 |  | 73 |  | 18 |  | 74 |  | 5
﻿ | Commercial Construction | 169 |  | 695 |  | 79 |  | 169 |  | -
﻿ | Consumer |  |  |  |  |  |  |  |  |
﻿ | Consumer Unsecured | 2 |  | 2 |  | 2 |  | 1 |  | -
﻿ | Consumer Secured | 427 |  | 445 |  | 255 |  | 269 |  | 11
﻿ | Residential |  |  |  |  |  |  |  |  |
﻿ | Residential Mortgages | 151 |  | 178 |  | 4 |  | 425 |  | 3
﻿ | Residential Consumer Construction | - |  | - |  | - |  | - |  | -
﻿ |  |  |  |  |  |  |  |  |  |
﻿Totals: |  |  |  |  |  |  |  |  |
﻿ | Commercial | $ 1,242 |  | $ 1,828 |  | $ 112 |  | $ 1,731 |  | $ 70
﻿ | Commercial Real Estate |  |  |  |  |  |  |  |  |
﻿ | Commercial Mortgages-Owner Occupied | 3,092 |  | 3,204 |  | 93 |  | 3,849 |  | 218
﻿ | Commercial Mortgage Non-Owner Occupied | 748 |  | 763 |  | 18 |  | 586 |  | 35
﻿ | Commercial Construction | 169 |  | 695 |  | 79 |  | 169 |  | -
﻿ | Consumer |  |  |  |  |  |  |  |  |
﻿ | Consumer Unsecured | 2 |  | 2 |  | 2 |  | 1 |  | -
﻿ | Consumer Secured | 706 |  | 728 |  | 255 |  | 418 |  | 22
﻿ | Residential |  |  |  |  |  |  |  |  |
﻿ | Residential Mortgages | 1,731 |  | 1,851 |  | 4 |  | 1,993 |  | 66
﻿ | Residential Consumer Construction | - |  | - |  | - |  | - |  | -
﻿ |  | $ 7,690 |  | $ 9,071 |  | $ 563 |  | $ 8,747 |  | $ 411
﻿ ﻿ Note 5 - Loans and allowance for loan losses (continued) ﻿
﻿ |  |  |  |  |  |  |  |  |  |
﻿ |  | Impaired Loans
﻿ |  | As of and for the Year Ended December 31, 2016
﻿ |  |  |  | Unpaid |  |  |  | Average |  | Interest
﻿ |  | Recorded |  | Principal |  | Related |  | Recorded |  | Income
2016 |  | Investment |  | Balance |  | Allowance |  | Investment |  | Recognized
With No Related Allowance Recorded: |  |  |  |  |  |  |  |  |
﻿ | Commercial | $ 698 |  | $ 698 |  | $ - |  | $ 349 |  | $ 37
﻿ | Commercial Real Estate |  |  |  |  |  |  |  |  |
﻿ | Commercial Mortgages-Owner Occupied | 3,019 |  | 3,077 |  | - |  | 3,051 |  | 142
﻿ | Commercial Mortgage Non-Owner Occupied | 349 |  | 349 |  | - |  | 263 |  | 23
﻿ | Commercial Construction | - |  | - |  | - |  | 14 |  | -
﻿ | Consumer |  |  |  |  |  |  |  |  |
﻿ | Consumer Unsecured | - |  | - |  | - |  | - |  | -
﻿ | Consumer Secured | 18 |  | 18 |  | - |  | 19 |  | 1
﻿ | Residential |  |  |  |  |  |  |  |  |
﻿ | Residential Mortgages | 1,555 |  | 1,687 |  | - |  | 1,776 |  | 55
﻿ | Residential Consumer Construction | - |  | - |  | - |  | 86 |  | -
﻿ |  |  |  |  |  |  |  |  |  |
With an Allowance Recorded: |  |  |  |  |  |  |  |  |
﻿ | Commercial | $ 1,521 |  | $ 1,521 |  | $ 1,233 |  | $ 1,351 |  | $ 81
﻿ | Commercial Real Estate |  |  |  |  |  |  |  |  |
﻿ | Commercial Mortgages-Owner Occupied | 1,587 |  | 1,618 |  | 249 |  | 1,232 |  | 81
﻿ | Commercial Mortgage Non-Owner Occupied | 74 |  | 74 |  | 20 |  | 373 |  | 6
﻿ | Commercial Construction | 169 |  | 657 |  | 76 |  | 255 |  | -
﻿ | Consumer |  |  |  |  |  |  |  |  |
﻿ | Consumer Unsecured | - |  | - |  | - |  | 16 |  | -
﻿ | Consumer Secured | 110 |  | 110 |  | 110 |  | 150 |  | 8
﻿ | Residential |  |  |  |  |  |  |  |  |
﻿ | Residential Mortgages | 699 |  | 736 |  | 83 |  | 675 |  | 30
﻿ | Residential Consumer Construction | - |  | - |  | - |  | - |  | -
﻿ |  |  |  |  |  |  |  |  |  |
Totals: |  |  |  |  |  |  |  |  |
﻿ | Commercial | $ 2,219 |  | $ 2,219 |  | $ 1,233 |  | $ 1,700 |  | $ 118
﻿ | Commercial Real Estate |  |  |  |  |  |  |  |  |
﻿ | Commercial Mortgages-Owner Occupied | 4,606 |  | 4,695 |  | 249 |  | 4,283 |  | 223
﻿ | Commercial Mortgage Non-Owner Occupied | 423 |  | 423 |  | 20 |  | 636 |  | 29
﻿ | Commercial Construction | 169 |  | 657 |  | 76 |  | 269 |  | -
﻿ | Consumer |  |  |  |  |  |  |  |  |
﻿ | Consumer Unsecured | - |  | - |  | - |  | 16 |  | -
﻿ | Consumer Secured | 128 |  | 128 |  | 110 |  | 169 |  | 9
﻿ | Residential |  |  |  |  |  |  |  |  |
﻿ | Residential Mortgages | 2,254 |  | 2,423 |  | 83 |  | 2,451 |  | 85
﻿ | Residential Consumer Construction | - |  | - |  | - |  | 86 |  | -
﻿ |  | $ 9,799 |  | $ 10,545 |  | $ 1,771 |  | $ 9,610 |  | $ 464
Note 5 - Loans and allowance for loan losses (continued) The following tables set forth the allowance for loan losses activity for the years ended December 31, 2017 and 2016: Allowance for Loan Losses and Recorded Investment in Loans As of and for the Year Ended December 31, 2017
﻿ |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  | Commercial |  |  |  |  |  |
2017 |  | Commercial |  | Real Estate |  | Consumer |  | Residential |  | Total
﻿ |  |  |  |  |  |  |  |  |  |
Allowance for Loan Losses: |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |
﻿Beginning Balance |  | $2,192 |  | $2,109 |  | $954 |  | $461 |  | $5,716
﻿Charge-offs |  | (1,652) |  | (91) |  | (246) |  | (105) |  | (2,094)
﻿Recoveries |  | 6 |  | 41 |  | 51 |  | 39 |  | 137
﻿Provision |  | 718 |  | (321) |  | 413 |  | 183 |  | 993
﻿Ending Balance |  | $1,264 |  | $1,738 |  | $1,172 |  | $578 |  | $4,752
﻿ |  |  |  |  |  |  |  |  |  |
﻿Ending Balance: Individually evaluated for impairment |  | $112 |  | $190 |  | $257 |  | $4 |  | $563
﻿ |  |  |  |  |  |  |  |  |  |
﻿Ending Balance: Collectively evaluated for impairment |  | 1,152 |  | 1,548 |  | 915 |  | 574 |  | 4,189
﻿ |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |
﻿Totals: |  | $1,264 |  | $1,738 |  | $1,172 |  | $578 |  | $4,752
﻿ |  |  |  |  |  |  |  |  |  |
Loans: |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |
﻿Ending Balance: Individually evaluated for impairment |  | $1,242 |  | $4,009 |  | $708 |  | $1,731 |  | $7,690
﻿ |  |  |  |  |  |  |  |  |  |
﻿Ending Balance: Collectively evaluated for impairment |  | 94,885 |  | 247,798 |  | 83,038 |  | 62,363 |  | 488,084
﻿ |  |  |  |  |  |  |  |  |  |
﻿Totals: |  | $96,127 |  | $251,807 |  | $83,746 |  | $64,094 |  | $495,774
﻿ ﻿ ﻿ ﻿ ﻿ ﻿ Note 5 - Loans and allowance for loan losses (continued) ﻿ ﻿ Allowance for Loan Losses and Recorded Investment in Loans As of and for the Year Ended December 31, 2016
﻿ |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  | Commercial |  |  |  |  |  |
2016 |  | Commercial |  | Real Estate |  | Consumer |  | Residential |  | Total
﻿ |  |  |  |  |  |  |  |  |  |
Allowance for Loan Losses: |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |
﻿Beginning Balance |  | $1,195 |  | $1,751 |  | $1,073 |  | $664 |  | $4,683
﻿Charge-offs |  | (328) |  | (156) |  | (275) |  | - |  | (759)
﻿Recoveries |  | 7 |  | 127 |  | 44 |  | 2 |  | 180
﻿Provision |  | 1,318 |  | 387 |  | 112 |  | (205) |  | 1,612
﻿Ending Balance |  | $2,192 |  | $2,109 |  | $954 |  | $461 |  | $5,716
﻿ |  |  |  |  |  |  |  |  |  |
﻿Ending Balance: Individually evaluated for impairment |  | $1,233 |  | $345 |  | $110 |  | $83 |  | $1,771
﻿ |  |  |  |  |  |  |  |  |  |
﻿Ending Balance: Collectively evaluated for impairment |  | 959 |  | 1,764 |  | 844 |  | 378 |  | 3,945
﻿ |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |
﻿Totals: |  | $2,192 |  | $2,109 |  | $954 |  | $461 |  | $5,716
﻿ |  |  |  |  |  |  |  |  |  |
Loans: |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |
﻿Ending Balance: Individually evaluated for impairment |  | $2,219 |  | $5,198 |  | $128 |  | $2,254 |  | $9,799
﻿ |  |  |  |  |  |  |  |  |  |
﻿Ending Balance: Collectively evaluated for impairment |  | 85,866 |  | 232,440 |  | 84,971 |  | 56,993 |  | 460,270
﻿ |  |  |  |  |  |  |  |  |  |
﻿Totals: |  | $88,085 |  | $237,638 |  | $85,099 |  | $59,247 |  | $470,069
﻿ ﻿ ﻿ Note 5 - Loans and allowance for loan losses (continued)
﻿ |  |  |  |  |  |  |
Age Analysis of Past Due Loans as of December 31, 2017
2017 | 30-59 Days Past Due | 60-89 Days Past Due | Greater than 90 Days | Total Past Due | Current | Total Loans | Recorded Investment > 90 Days & Accruing
﻿Commercial | $320 | $ - | $250 | $570 | $95,557 | $96,127 | $ -
Commercial Real Estate: |  |  |  |  |  |  |
﻿ Commercial Mortgages-Owner Occupied | 904 | 64 | 177 | 1,145 | 92,504 | 93,649 | -
﻿ Commercial Mortgages-Non-Owner Occupied | - | 361 | 299 | 660 | 138,101 | 138,761 | -
﻿ Commercial Construction | - | - | 169 | 169 | 19,228 | 19,397 | -
Consumer: |  |  |  |  |  |  |
﻿ Consumer Unsecured | 3 | - | - | 3 | 6,977 | 6,980 | -
﻿ Consumer Secured | 245 | 139 | 462 | 846 | 75,920 | 76,766 | -
Residential: |  |  |  |  |  |  |
﻿ Residential Mortgages | 706 | 414 | 532 | 1,652 | 51,545 | 53,197 | -
﻿ Residential Consumer Construction | - | - | 58 | 58 | 10,839 | 10,897 | -
﻿Total | $2,178 | $978 | $1,947 | $5,103 | $490,671 | $495,774 | $ -
﻿ ﻿
﻿ |  |  |  |  |  |  |
Age Analysis of Past Due Loans as of December 31, 2016
2016 | 30-59 Days Past Due | 60-89 Days Past Due | Greater than 90 Days | Total Past Due | Current | Total Loans | Recorded Investment > 90 Days & Accruing
﻿Commercial | $283 | $5 | $78 | $366 | $87,719 | $88,085 | $ -
Commercial Real Estate: |  |  |  |  |  |  |
﻿ Commercial Mortgages-Owner Occupied | 1,136 | 72 | 855 | 2,063 | 88,698 | 90,761 | -
﻿ Commercial Mortgages-Non-Owner Occupied | 140 | - | - | 140 | 134,262 | 134,402 | -
﻿ Commercial Construction | - | - | 256 | 256 | 12,219 | 12,475 | -
Consumer: |  |  |  |  |  |  |
﻿ Consumer Unsecured | 9 | - | - | 9 | 8,558 | 8,567 | -
﻿ Consumer Secured | 531 | 301 | - | 832 | 75,700 | 76,532 | -
Residential: |  |  |  |  |  |  |
﻿ Residential Mortgages | 539 | 161 | 1,063 | 1,763 | 49,525 | 51,288 | -
﻿ Residential Consumer Construction | - | - | 67 | 67 | 7,892 | 7,959 | -
﻿Total | $2,638 | $539 | $2,319 | $5,496 | $464,573 | $470,069 | $ -
﻿ Note 5 - Loans and allowance for loan losses (continued) Credit Quality Information - by Class December 31, 2017
﻿2017 | Pass | Monitor | Special | Substandard | Doubtful | Totals
﻿ |  |  | Mention |  |  |
﻿Commercial | $93,571 | $1,217 | $4 | $1,335 | $ - | $96,127
﻿Commercial Real Estate: |  |  |  |  |  |
﻿Commercial Mortgages-Owner Occupied | 83,834 | 2,926 | 3,734 | 3,155 | - | 93,649
﻿Commercial Mortgages-Non-Owner Occupied | 135,855 | 1,898 | 152 | 856 | - | 138,761
﻿Commercial Construction | 18,423 | - | 805 | 169 | - | 19,397
Consumer |  |  |  |  |  |
﻿Consumer Unsecured | 6,978 | - | - | 2 | - | 6,980
﻿Consumer Secured | 75,774 | 90 | - | 902 | - | 76,766
Residential: |  |  |  |  |  |
﻿Residential Mortgages | 50,816 | - | 241 | 2,140 | - | 53,197
﻿Residential Consumer Construction | 10,839 | - | - | 58 | - | 10,897
﻿ |  |  |  |  |  |
﻿Totals | $476,090 | $6,131 | $4,936 | $8,617 | $ - | $495,774
﻿ ﻿ ﻿ ﻿ Credit Quality Information - by Class December 31, 2016
﻿2016 | Pass | Monitor | Special | Substandard | Doubtful | Totals
﻿ |  |  | Mention |  |  |
﻿Commercial | $83,912 | $1,473 | $301 | $1,484 | $915 | $88,085
Commercial Real Estate: |  |  |  |  |  |
﻿Commercial Mortgages-Owner Occupied | 83,008 | 2,975 | 101 | 4,677 | - | 90,761
﻿Commercial Mortgages-Non-Owner Occupied | 129,794 | 3,525 | 525 | 558 | - | 134,402
﻿Commercial Construction | 11,774 | - | 445 | 256 | - | 12,475
Consumer |  |  |  |  |  |
﻿Consumer Unsecured | 8,567 | - | - | - | - | 8,567
﻿Consumer Secured | 76,215 | - | - | 317 | - | 76,532
Residential: |  |  |  |  |  |
﻿Residential Mortgages | 48,366 | - | 245 | 2,677 | - | 51,288
﻿Residential Consumer Construction | 7,892 | - | - | 67 | - | 7,959
﻿ |  |  |  |  |  |
﻿Totals | $449,528 | $7,973 | $1,617 | $10,036 | $915 | $470,069
﻿ Note 5 - Loans and allowance for loan losses (continued) Troubled Debt Restructurings (TDRs) There were no loan modifications that would have been classified as Troubled Debt Restructurings (TDR) during the twelve months ended December 31, 2017 or 2016. Loans that were previously classified as TDRS and currently on the Bank’s balance sheet are factored into the determination of the allowance for loan losses as of the period indicated and are included in the Bank’s impaired loan analysis and individually evaluated for impairment. At December 31, 2017 and December 31, 2016, the Bank had no outstanding commitments to disburse additional funds on loans classified as TDRs. There were no loan modifications classified as TDRs within the last twelve months that defaulted (90 days past due) during the twelve months ended December 31, 2017 and 2016. ﻿

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