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LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables) | 3 Months Ended
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Mar. 31, 2018
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES |
Schedule of major categories of loans |
|  | March 31, |  | December 31, |
|  | 2018 |  | 2017 |
(dollars in thousands) |  | $ |  | % |  | $ |  | % |
Consumer |  | $ | 15,730 |  | 5 |  | $ | 16,112 |  | 6 |
Residential real estate |  |  | 82,151 |  | 30 |  |  | 81,926 |  | 30 |
Indirect |  |  | 90,278 |  | 33 |  |  | 85,186 |  | 32 |
Commercial |  |  | 11,176 |  | 4 |  |  | 11,257 |  | 4 |
Construction |  |  | 4,385 |  | 2 |  |  | 3,536 |  | 1 |
Commercial real estate |  |  | 71,996 |  | 26 |  |  | 73,595 |  | 27 |
Total Loans |  |  | 275,716 |  | 100 |  |  | 271,612 |  | 100 |
Allowance for credit losses |  |  | (2,899) |  |  |  |  | (2,589) |  |  |
Net Loans |  | $ | 272,817 |  |  |  | $ | 269,023 |  |  |
Schedule of total allowance by loan segment |
March 31, 2018 |  |  |  | Residential |  |  |  |  |  |  |  |  | Commercial |  |  |  |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Unallocated |  | Total
Balance, beginning of year |  | $ | 214 |  | $ | 1,061 |  | $ | 774 |  | $ | 237 |  | $ | 12 |  | $ | 291 |  | $ | — |  | $ | 2,589
Charge-offs |  |  | (62) |  |  | — |  |  | (39) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (101)
Recoveries |  |  | 5 |  |  | 2 |  |  | 44 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 51
Provision for loan losses |  |  | 56 |  |  | (3) |  |  | 14 |  |  | 8 |  |  | (8) |  |  | 293 |  |  | — |  |  | 360
Balance, end of year |  | $ | 213 |  | $ | 1,060 |  | $ | 793 |  | $ | 245 |  | $ | 4 |  | $ | 584 |  | $ | — |  | $ | 2,899
Individually evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 29 |  | $ | 513 |  | $ | — |  | $ | 214 |  | $ | — |  | $ | 305 |  | $ | — |  | $ | 1,061
Related loan balance |  |  | 99 |  |  | 2,323 |  |  | — |  |  | 214 |  |  | — |  |  | 3,146 |  |  | — |  |  | 5,782
Collectively evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 184 |  | $ | 547 |  | $ | 793 |  | $ | 31 |  | $ | 4 |  | $ | 279 |  | $ | — |  | $ | 1,838
Related loan balance |  |  | 15,631 |  |  | 79,828 |  |  | 90,278 |  |  | 10,962 |  |  | 4,385 |  |  | 68,850 |  |  | — |  |  | 269,934
December 31, 2017 |  |  |  | Residential |  |  |  |  |  |  |  |  | Commercial |  |  |  |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Unallocated |  | Total
Balance, beginning of year |  | $ | 182 |  | $ | 1,042 |  | $ | 693 |  | $ | 284 |  | $ | 10 |  | $ | 259 |  | $ | 14 |  | $ | 2,484
Charge-offs |  |  | (96) |  |  | (3) |  |  | (458) |  |  | (9) |  |  | — |  |  | — |  |  | — |  |  | (566)
Recoveries |  |  | 8 |  |  | 27 |  |  | 286 |  |  | — |  |  | — |  |  | 14 |  |  | — |  |  | 335
Provision for loan losses |  |  | 120 |  |  | (5) |  |  | 253 |  |  | (38) |  |  | 2 |  |  | 18 |  |  | (14) |  |  | 336
Balance, end of year |  | $ | 214 |  | $ | 1,061 |  | $ | 774 |  | $ | 237 |  | $ | 12 |  | $ | 291 |  | $ | — |  | $ | 2,589
Individually evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 52 |  | $ | 513 |  | $ | — |  | $ | 217 |  | $ | — |  | $ | — |  | $ | — |  | $ | 782
Related loan balance |  |  | 160 |  |  | 2,345 |  |  | — |  |  | 217 |  |  | — |  |  | 1,176 |  |  | — |  |  | 3,898
Collectively evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 162 |  | $ | 548 |  | $ | 774 |  | $ | 20 |  | $ | 12 |  | $ | 291 |  | $ | — |  | $ | 1,807
Related loan balance |  |  | 15,952 |  |  | 79,580 |  |  | 85,186 |  |  | 11,040 |  |  | 3,536 |  |  | 72,420 |  |  | — |  |  | 267,714
Schedule of allowances for credit losses |
|  | March 31, |  | March 31,
(dollars in thousands) |  | 2018 |  | 2017
Average loans |  | $ | 273,964 |  |  | $ | 267,494 |
Net charge offs to average loans (annualized) |  |  | 0.07 | % |  |  | 0.12 | %
Schedule of reserve for unfunded commitments |
|  | Three Months
|  | Ended March 31,
(dollars in thousands) |  | 2018 |  | 2017
Beginning balance |  | $ | 24 |  | $ | 25
Reduction of unfunded reserve |  |  | (18) |  |  | —
Provisions charged to operations |  |  | 6 |  |  | 17
Ending balance |  | $ | 12 |  | $ | 42
Schedule of current, past due, and non-accrual loans by categories of loans and restructured loans |
At March 31, 2018 |  |  |  |  |  |  |  | 90 Days or |  |  |  |  |  |
(dollars in thousands) |  |  |  |  | 30-89 Days |  | More and |  |  |  |  |  |
|  | Current |  | Past Due |  | Still Accruing |  | Nonaccrual |  | Total
Consumer |  | $ | 15,469 |  | $ | 110 |  | $ | — |  | $ | 151 |  | $ | 15,730
Residential Real Estate |  |  | 79,767 |  |  | 94 |  |  | — |  |  | 2,290 |  |  | 82,151
Indirect |  |  | 89,557 |  |  | 577 |  |  | — |  |  | 144 |  |  | 90,278
Commercial |  |  | 11,122 |  |  | — |  |  | 6 |  |  | 48 |  |  | 11,176
Construction |  |  | 4,014 |  |  | — |  |  | 53 |  |  | 318 |  |  | 4,385
Commercial Real Estate |  |  | 67,506 |  |  | 2,000 |  |  | — |  |  | 2,490 |  |  | 71,996
|  | $ | 267,435 |  | $ | 2,781 |  | $ | 59 |  | $ | 5,441 |  | $ | 275,716
At December 31, 2017 |  |  |  |  |  |  |  | 90 Days or |  |  |  |  |  |
(dollars in thousands) |  |  |  |  | 30-89 Days |  | More and |  |  |  |  |  |
|  | Current |  | Past Due |  | Still Accruing |  | Nonaccrual |  | Total
Consumer |  | $ | 15,823 |  | $ | 80 |  | $ | 24 |  | $ | 185 |  | $ | 16,112
Residential Real Estate |  |  | 79,205 |  |  | 597 |  |  | — |  |  | 2,124 |  |  | 81,926
Indirect |  |  | 83,932 |  |  | 1,166 |  |  | — |  |  | 88 |  |  | 85,186
Commercial |  |  | 11,203 |  |  | — |  |  | 6 |  |  | 48 |  |  | 11,257
Construction |  |  | 3,188 |  |  | — |  |  | 30 |  |  | 318 |  |  | 3,536
Commercial Real Estate |  |  | 73,088 |  |  | — |  |  | — |  |  | 507 |  |  | 73,595
|  | $ | 266,439 |  | $ | 1,843 |  | $ | 60 |  | $ | 3,270 |  | $ | 271,612
Schedule of impaired financing receivables |
March 31, 2018 |  |  |  |  | Unpaid |  | Interest |  |  |  |  | Average
(dollars in thousands) |  | Recorded |  | Principal |  | Income |  | Specific |  | Recorded
|  | Investment |  | Balance |  | Recognized |  | Reserve |  | Investment
Impaired loans with specific reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  | $ | 100 |  | $ | 100 |  | $ | — |  | $ | 29 |  | $ | 137
Residential Real Estate |  |  | 1,294 |  |  | 1,294 |  |  | — |  |  | 513 |  |  | 1,306
Commercial |  |  | 214 |  |  | 214 |  |  | 3 |  |  | 214 |  |  | 215
Commercial Real Estate |  |  | 2,000 |  |  | 2,000 |  |  | 14 |  |  | 305 |  |  | 3,103
Total impaired loans with specific reserves |  |  | 3,608 |  |  | 3,608 |  |  | 17 |  |  | 1,061 |  |  | 4,761
Impaired loans with no specific reserve: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Real Estate |  | $ | 977 |  | $ | 1,403 |  | $ | 2 |  | $ | — |  | $ | 1,566
Indirect |  |  | 144 |  |  | 144 |  |  | — |  |  | — |  |  | —
Construction |  |  | 236 |  |  | 236 |  |  | — |  |  | — |  |  | 236
Commercial Real Estate |  |  | 1,238 |  |  | 1,548 |  |  | 9 |  |  | — |  |  | 1,666
Total impaired loans with no specific reserve |  | $ | 2,595 |  | $ | 3,331 |  | $ | 11 |  |  | — |  | $ | 3,468
December 31, 2017 |  |  |  |  | Unpaid |  | Interest |  |  |  |  | Average
(dollars in thousands) |  | Recorded |  | Principal |  | Income |  | Specific |  | Recorded
|  | Investment |  | Balance |  | Recognized |  | Reserve |  | Investment
Impaired loans with specific reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  | $ | 160 |  | $ | 160 |  | $ | 5 |  | $ | 52 |  | $ | 205
Residential Real Estate |  |  | 1,294 |  |  | 1,322 |  |  | — |  |  | 513 |  |  | 1,312
Commercial |  |  | 217 |  |  | 217 |  |  | — |  |  | 217 |  |  | 223
Total impaired loans with specific reserves |  |  | 1,671 |  |  | 1,699 |  |  | 5 |  |  | 782 |  |  | 1,740
Impaired loans with no specific reserve: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  | $ | 49 |  | $ | 49 |  | $ | — |  |  | — |  | $ | —
Residential Real Estate |  |  | 992 |  |  | 1,760 |  |  | 11 |  |  | — |  |  | 1,572
Indirect |  |  | 88 |  |  | 88 |  |  | — |  |  | — |  |  | —
Commercial |  |  | 2 |  |  | 2 |  |  | — |  |  | — |  |  | 2
Construction |  |  | 318 |  |  | 318 |  |  | — |  |  | — |  |  | 322
Commercial Real Estate |  |  | 1,194 |  |  | 1,194 |  |  | 39 |  |  | — |  |  | 1,632
Total impaired loans with no specific reserve |  | $ | 2,643 |  | $ | 3,411 |  | $ | 50 |  |  | — |  | $ | 3,528
Schedule of allowance for loan loss and the unearned income on loans |
|  | March 31, |  | December 31,
(dollars in thousands) |  | 2018 |  | 2017
Troubled debt restructured loans |  | $ | 260 |  |  | $ | 263 |
Non-accrual and 90+ days past due and still accruing loans to gross loans |  |  | 2.09 | % |  |  | 1.32 | %
Allowance for loan losses to nonaccrual & 90+ days past due and still accruing loans |  |  | 52.70 | % |  |  | 77.70 | %
Schedule of non accrual loans |
|  |  |  | Residential |  |  |  |  |  |  |  | Commercial |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Totals
December 31, 2016 |  | 403 |  | 2,508 |  | 193 |  | — |  | — |  | 647 |  | 3,751
Transfers into nonaccrual |  | 4 |  | — |  | 229 |  | — |  | 170 |  | 48 |  | 451
Loans paid down/payoffs |  | (12) |  | (31) |  | (42) |  | — |  | — |  | (10) |  | (95)
Loans returned to accrual status |  | — |  | (132) |  | (33) |  | — |  | — |  | — |  | (165)
Loans charged off |  | — |  | (3) |  | (167) |  | — |  | — |  | — |  | (170)
March 31, 2017 |  | 395 |  | 2,342 |  | 180 |  | — |  | 170 |  | 685 |  | 3,772
December 31, 2017 |  | 185 |  | 2,124 |  | 88 |  | 48 |  | 318 |  | 507 |  | 3,270
Transfers into nonaccrual |  | 38 |  | 183 |  | 160 |  | — |  | — |  | 2,000 |  | 2,381
Loans paid down/payoffs |  | (9) |  | (17) |  | (33) |  | — |  | — |  | (17) |  | (76)
Loans returned to accrual status |  | — |  | — |  | (37) |  | — |  | — |  | — |  | (37)
Loans charged off |  | (63) |  | — |  | (34) |  | — |  | — |  | — |  | (97)
March 31, 2018 |  | 151 |  | 2,290 |  | 144 |  | 48 |  | 318 |  | 2,490 |  | 5,441
Schedule of risk ratings of loans by categories of loans | The following table provides information with respect to the Company's credit quality indicators by class of the loan portfolio at March 31, 2018:
March 31, 2018 |  |  |  | Residential |  |  |  |  |  |  |  | Commercial |  |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Total
Pass |  | $ | 15,574 |  | $ | 81,612 |  | $ | 89,345 |  | $ | 11,175 |  | $ | 4,385 |  | $ | 71,672 |  | $ | 273,763
Special mention |  |  | 97 |  |  | 217 |  |  | 561 |  |  | 1 |  |  | — |  |  | 324 |  |  | 1,200
Substandard |  |  | 14 |  |  | 322 |  |  | 321 |  |  | — |  |  | — |  |  | — |  |  | 657
Doubtful |  |  | 45 |  |  | — |  |  | 51 |  |  | — |  |  | — |  |  | — |  |  | 96
Loss |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
|  | $ | 15,730 |  | $ | 82,151 |  | $ | 90,278 |  | $ | 11,176 |  | $ | 4,385 |  | $ | 71,996 |  | $ | 275,716
Nonaccrual |  |  | 151 |  |  | 2,290 |  |  | 144 |  |  | 48 |  |  | 318 |  |  | 2,490 |  |  | 5,441
Troubled debt restructures |  |  | 46 |  |  | — |  |  | — |  |  | 214 |  |  | — |  |  | — |  |  | 260
Number of TDRs accounts |  |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 2
Non-performing TDRs |  |  | 46 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 46
Number of non-performing TDR accounts |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1
December 31, 2017 |  |  |  | Residential |  |  |  |  |  |  |  | Commercial |  |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Total
Pass |  | $ | 16,008 |  | $ | 81,346 |  | $ | 83,803 |  | $ | 11,256 |  | $ | 3,536 |  | $ | 73,268 |  | $ | 269,217
Special mention |  |  | 77 |  |  | 344 |  |  | 1,027 |  |  | 1 |  |  | — |  |  | 327 |  |  | 1,776
Substandard |  |  | 3 |  |  | 236 |  |  | 315 |  |  | — |  |  | — |  |  | — |  |  | 554
Doubtful |  |  | 24 |  |  | — |  |  | 41 |  |  | — |  |  | — |  |  | — |  |  | 65
Loss |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
|  | $ | 16,112 |  | $ | 81,926 |  | $ | 85,186 |  | $ | 11,257 |  | $ | 3,536 |  | $ | 73,595 |  | $ | 271,612
Nonaccrual |  |  | 185 |  |  | 2,124 |  |  | 88 |  |  | 48 |  |  | 318 |  |  | 507 |  |  | 3,270
Troubled debt restructures |  |  | 46 |  |  | — |  |  | — |  |  | 217 |  |  | — |  |  | — |  |  | 263
Number of TDRs accounts |  |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 2
Non-performing TDRs |  |  | 46 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 46
Number of non-performing TDR accounts |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953659-111524 + Details
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