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Loans, Allowance For Loan Losses And OREO (Tables)

9 Months Ended

Sep. 30, 2020

Loans, Allowance For Loan Losses and OREO [Abstract]

Summary Of Loans, Net


	As of:
	September 30,		December 31,
	2020		2019

Commercial	$174,823		$114,257
Commercial real estate	298,526		303,900
Consumer	87,989		89,945
Residential	62,209		70,001

       Total loans (1)	623,547		578,103

Less allowance for loan losses	6,966		4,829

       Net loans	$616,581		$573,274

(1) Includes net deferred (fees) and costs/premiums of ($1,301) and $572 as of September 30, 2020 and December 31, 2019, respectively.

Loans On Non-Accrual Status


Loans on Non-Accrual Status
(dollars in thousands)
	As of
	September 30, 2020	December 31, 2019
Commercial	$426	$262
Commercial Real Estate:
   Commercial Mortgages-Owner Occupied	1,118	262
   Commercial Mortgages-Non-Owner Occupied	408	450
   Commercial Construction	-	-
Consumer
   Consumer Unsecured	-	-
   Consumer Secured	374	47
Residential:
   Residential Mortgages	212	280
   Residential Consumer Construction	-	-

     Totals	$2,538	$1,301



Changes In OREO Balance



OREO Changes
(dollars in thousands)
	Nine Months Ended	Year Ended
	September 30, 2020	December 31, 2019
Balance at the beginning of the year (net)	$2,339	$2,430
Transfers from loans	18	785
Capitalized costs	-	-
Valuation adjustments	(137)	(287)
Sales proceeds	(844)	(570)
Gain (loss) on disposition	29	(19)
Balance at the end of the period (net)	$1,405	$2,339



Impaired Loans



		Impaired Loans
		(dollars in thousands)
		As of and For the Nine Months Ended September 30, 2020
				Unpaid				Average		Interest
		Recorded		Principal		Related		Recorded		Income
2020		Investment		Balance		Allowance		Investment		Recognized
With No Related Allowance Recorded:
	Commercial	$                  645		$                1,245		$                    -		$            557		$               31
	Commercial Real Estate
	Commercial Mortgages-Owner Occupied	2,176		2,599		-		2,322		103
	Commercial Mortgage Non-Owner Occupied	529		560		-		546		28
	Commercial Construction	-		-		-		-		-
	Consumer
	Consumer Unsecured	-		-		-		-		-
	Consumer Secured	265		265		-		186		10
	Residential
	Residential Mortgages	1,357		1,421		-		1,324		49
	Residential Consumer Construction	-		-		-		-		-

With an Allowance Recorded:
	Commercial	$                    91		$                     91		$                    9		$              49		$                  -
	Commercial Real Estate
	Commercial Mortgages-Owner Occupied	160		203		10		86		3
	Commercial Mortgage Non-Owner Occupied	-		-		-		7		-
	Commercial Construction	-		-		-		-		-
	Consumer
	Consumer Unsecured	-		-		-		-		-
	Consumer Secured	238		248		35		119		2
	Residential
	Residential Mortgages	-		-		-		70		-
	Residential Consumer Construction	-		-		-		-		-

Totals:
	Commercial	$                  736		$                1,336		$                    9		$            606		$               31
	Commercial Real Estate
	Commercial Mortgages-Owner Occupied	2,336		2,802		10		2,408		106
	Commercial Mortgage Non-Owner Occupied	529		560		-		553		28
	Commercial Construction	-		-		-		-		-
	Consumer
	Consumer Unsecured	-		-		-		-		-
	Consumer Secured	503		513		35		305		12
	Residential
	Residential Mortgages	1,357		1,421		-		1,394		49
	Residential Consumer Construction	-		-		-		-		-
		$               5,461		$                6,632		$                  54		$         5,266		$             226



Note 8 – Loans, allowance for loan losses and OREO (continued)





		Impaired Loans
		(dollars in thousands)
		As of and For the Year Ended December 31, 2019
				Unpaid				Average		Interest
		Recorded		Principal		Related		Recorded		Income
2019		Investment		Balance		Allowance		Investment		Recognized
With No Related Allowance Recorded:
	Commercial	$                  468		$                1,036		$                    -		$            949		$               26
	Commercial Real Estate
	Commercial Mortgages-Owner Occupied	2,467		2,643		-		2,441		183
	Commercial Mortgage Non-Owner Occupied	563		585		-		347		32
	Commercial Construction	-		-		-		-		-
	Consumer
	Consumer Unsecured	-		-		-		-		-
	Consumer Secured	107		107		-		98		7
	Residential
	Residential Mortgages	1,290		1,290		-		1,583		68
	Residential Consumer Construction	-		-		-		-		-

With an Allowance Recorded:
	Commercial	$                      7		$                       7		$                    7		$              19		$                 1
	Commercial Real Estate
	Commercial Mortgages-Owner Occupied	12		12		12		26		1
	Commercial Mortgage Non-Owner Occupied	14		14		3		52		1
	Commercial Construction	-		-		-		-		-
	Consumer
	Consumer Unsecured	-		-		-		1		-
	Consumer Secured	-		-		-		53		-
	Residential
	Residential Mortgages	139		158		33		257		4
	Residential Consumer Construction	-		-		-		-		-

Totals:
	Commercial	$                  475		$                1,043		$                    7		$            968		$               27
	Commercial Real Estate
	Commercial Mortgages-Owner Occupied	2,479		2,655		12		2,467		184
	Commercial Mortgage Non-Owner Occupied	577		599		3		399		33
	Commercial Construction	-		-		-		-		-
	Consumer
	Consumer Unsecured	-		-		-		1		-
	Consumer Secured	107		107		-		151		7
	Residential
	Residential Mortgages	1,429		1,448		33		1,840		72
	Residential Consumer Construction	-		-		-		-		-
		$               5,067		$                5,852		$                  55		$         5,826		$             323



Allowance For Loan Losses And Recorded Investment In Loans





	Allowance for Loan Losses and Recorded Investment in Loans
	(dollars in thousands)
	As of and For the Nine Months Ended September 30, 2020

			Commercial
2020	Commercial		Real Estate		Consumer		Residential		Total

Allowance for Credit Losses:

Beginning Balance	$          1,330		$                 1,932		$            865		$              702		$         4,829
     Charge-Offs	(69)		(217)		(59)		(51)		(396)
     Recoveries	15		137		30		3		185
     Provision	935		1,359		20		34		2,348
Ending Balance	2,211		3,211		856		688		6,966

Ending Balance: Individually evaluated for impairment	9		10		35		-		54

Ending Balance: Collectively evaluated for impairment	2,202		3,201		821		688		6,912

Totals:	$          2,211		$                 3,211		$            856		$              688		$         6,966

Financing Receivables:
Ending Balance: Individually evaluated for impairment	736		2,865		503		1,357		5,461

Ending Balance: Collectively evaluated for impairment	174,087		295,661		87,486		60,852		618,086

Totals:	$      174,823		$             298,526		$       87,989		$         62,209		$     623,547











Note 8 – Loans, allowance for loan losses and OREO (continued)





	Allowance for Loan Losses and Recorded Investment in Loans
	(dollars in thousands)
	As of and For the Year Ended December 31, 2019

			Commercial
2019	Commercial		Real Estate		Consumer		Residential		Total

Allowance for Credit Losses:

Beginning Balance	$          1,136		$                 1,831		$            956		$              658		$         4,581
     Charge-Offs	(106)		(26)		(189)		(42)		(363)
     Recoveries	35		5		44		4		88
     Provision	265		122		54		82		523
Ending Balance	1,330		1,932		865		702		4,829

Ending Balance: Individually evaluated for impairment	7		15		-		33		55

Ending Balance: Collectively evaluated for impairment	1,323		1,917		865		669		4,774

Totals:	$          1,330		$                 1,932		$            865		$              702		$         4,829

Financing Receivables:
Ending Balance: Individually evaluated for impairment	475		3,056		107		1,429		5,067

Ending Balance: Collectively evaluated for impairment	113,782		300,844		89,838		68,572		573,036

Totals:	$      114,257		$             303,900		$       89,945		$         70,001		$     578,103



Age Analysis Of Past Due Financing Receivables


	Age Analysis of Past Due Loans as of
	September 30, 2020
	(dollars in thousands)
			Greater				Recorded Investment
	30-59 Days	60-89 Days	than	Total Past		Total	> 90 Days &
2020	Past Due	Past Due	90 Days	Due	Current	Loans	Accruing
Commercial	$584	$95	$223	$902	$173,921	$174,823	$     -
Commercial Real Estate:
Commercial Mortgages-   Owner Occupied	405	7	1,013	1,425	101,291	102,716	-
Commercial Mortgages-Non-Owner Occupied	319	188	398	905	173,280	174,185	-
      Commercial Construction	-	-	-	-	21,625	21,625	-
Consumer:
   Consumer Unsecured	4	-	-	4	3,878	3,882	-
   Consumer Secured	120	136	347	603	83,504	84,107	-
Residential:
   Residential Mortgages	515	-	212	727	47,776	48,503	-
   Residential Consumer Construction	-	-	-	-	13,706	13,706	-
Total	$1,947	$426	$2,193	$4,566	$618,981	$623,547	$  -




	Age Analysis of Past Due Loans as of
	December 31, 2019
	(dollars in thousands)
				Greater				Recorded Investment
	30-59 Days	60-89 Days		than	Total Past		Total	> 90 Days &
2019	Past Due	Past Due		90 Days	Due	Current	Loans	Accruing
Commercial	$146	$1,084		$116	$1,346	$112,911	$114,257	$             -
Commercial Real Estate:
Commercial Mortgages-Owner Occupied	234	192		143	569	104,223	104,792	-
Commercial Mortgages-Non-Owner Occupied	58	9		450	517	181,730	182,247	-
   Commercial Construction	-	-		-	-	16,861	16,861	-
Consumer:
   Consumer Unsecured	52	3		-	55	6,812	6,867	-
   Consumer Secured	316	130		21	467	82,611	83,078	-
Residential:
   Residential Mortgages	595	576		280	1,451	53,833	55,284	-
Residential Consumer Construction	492	-		-	492	14,225	14,717	-
Total	$1,893	$1,994		$1,010	$4,897	$573,206	$578,103	$            -



Credit Quality Information-By Class




		Credit Quality Information - by Class
		September 30, 2020
		(dollars in thousands)
2020		Pass	Monitor	Special	Substandard	Doubtful	Totals
				Mention
Commercial		$160,361	$5,091	$8,721	$650	$   -	$174,823
Commercial Real Estate:
       Commercial Mortgages-Owner Occupied		93,045	2,904	4,432	2,335	-	102,716
Commercial Mortgages-Non-Owner Occupied		164,525	7,310	1,689	661	-	174,185
Commercial Construction		21,625	-	-	-	-	21,625
Consumer
Consumer Unsecured		3,850	-	30	2	-	3,882
Consumer Secured		83,404	-	-	703	-	84,107
Residential:
Residential Mortgages		47,036	-	-	1,467	-	48,503
Residential Consumer Construction		13,706	-	-	-	-	13,706

Totals		$587,552	$15,305	$14,872	$5,818	$   -	$623,547







		Credit Quality Information - by Class
		December 31, 2019
		(dollars in thousands)
2019		Pass	Monitor	Special	Substandard	Doubtful	Totals
				Mention
Commercial		$108,907	$313	$4,518	$519	$    -	$114,257
Commercial Real Estate:
Commercial Mortgages-Owner Occupied		93,553	446	8,316	2,477	-	104,792
Commercial Mortgages-Non -Owner Occupied		175,471	5,118	994	664	-	182,247
Commercial Construction		16,572	289	-	-	-	16,861
Consumer
Consumer Unsecured		6,867	-	-	-	-	6,867
Consumer Secured		82,860	-	-	218	-	83,078
Residential:
Residential Mortgages		53,714	-	-	1,570	-	55,284
Residential Consumer Construction		14,416	301	-	-	-	14,717

Totals		$552,360	$6,467	$13,828	$5,448	$-	$578,103



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