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LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables) | 6 Months Ended
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Jun. 30, 2018
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES |
Schedule of major categories of loans |
|  | June 30, |  | December 31, |
|  | 2018 |  | 2017 |
(dollars in thousands) |  | Amount |  | % |  | Amount |  | % |
Consumer |  | $ | 14,453 |  | 5 |  | $ | 16,112 |  | 6 |
Residential real estate |  |  | 82,144 |  | 29 |  |  | 81,926 |  | 30 |
Indirect |  |  | 101,181 |  | 35 |  |  | 85,186 |  | 32 |
Commercial |  |  | 12,028 |  | 4 |  |  | 11,257 |  | 4 |
Construction |  |  | 3,472 |  | 1 |  |  | 3,536 |  | 1 |
Commercial real estate |  |  | 76,130 |  | 26 |  |  | 73,595 |  | 27 |
Loans, net of deferred fees and costs |  |  | 289,408 |  | 100 |  |  | 271,612 |  | 100 |
Less: Allowance for loan losses |  |  | (2,284) |  |  |  |  | (2,589) |  |  |
Loans, net |  | $ | 287,124 |  |  |  | $ | 269,023 |  |  |
Schedule of total allowance by loan segment |
June 30, 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 |  |  | (92) |  |  | (514) |  |  | (163) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (769)
Recoveries |  |  | 12 |  |  | 2 |  |  | 95 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 109
Provision for loan losses |  |  | 43 |  |  | 112 |  |  | 93 |  |  | 9 |  |  | (1) |  |  | 99 |  |  | — |  |  | 355
Balance, end of year |  | $ | 177 |  | $ | 661 |  | $ | 799 |  | $ | 246 |  | $ | 11 |  | $ | 390 |  | $ | — |  | $ | 2,284
Individually evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 27 |  | $ | — |  | $ | — |  | $ | 211 |  | $ | — |  | $ | — |  | $ | — |  | $ | 238
Related loan balance |  |  | 96 |  |  | 2,006 |  |  | — |  |  | 211 |  |  | — |  |  | 3,016 |  |  | — |  |  | 5,329
Collectively evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 150 |  | $ | 661 |  | $ | 799 |  | $ | 35 |  | $ | 11 |  | $ | 390 |  | $ | — |  | $ | 2,046
Related loan balance |  |  | 14,357 |  |  | 80,138 |  |  | 101,181 |  |  | 11,817 |  |  | 3,472 |  |  | 73,114 |  |  | — |  |  | 284,079
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 |
|  | June 30, |  | June 30,
(dollars in thousands) |  | 2018 |  | 2017
Average loans |  | $ | 281,104 |  |  | $ | 269,533 |
Net charge offs to average loans (annualized) |  |  | 0.48 | % |  |  | 0.04 | %
Schedule of reserve for unfunded commitments |
|  | Six Months
|  | Ended June 30,
(dollars in thousands) |  | 2018 |  | 2017
Beginning balance |  | $ | 24 |  | $ | 25
Reduction of unfunded reserve |  |  | (18) |  |  | (20)
Provisions charged to operations |  |  | 37 |  |  | 17
Ending balance |  | $ | 43 |  | $ | 22
Schedule of current, past due, and non-accrual loans by categories of loans and restructured loans |
At June 30, 2018 |  |  |  |  |  |  |  | 90 Days or |  |  |  |  |  |
(dollars in thousands) |  |  |  |  | 30-89 Days |  | More and |  |  |  |  |  |
|  | Current |  | Past Due |  | Still Accruing |  | Nonaccrual |  | Total
Consumer |  | $ | 14,094 |  | $ | 237 |  | $ | — |  | $ | 122 |  | $ | 14,453
Residential Real Estate |  |  | 80,232 |  |  | 159 |  |  | — |  |  | 1,753 |  |  | 82,144
Indirect |  |  | 100,453 |  |  | 599 |  |  | — |  |  | 129 |  |  | 101,181
Commercial |  |  | 12,023 |  |  | — |  |  | 5 |  |  | — |  |  | 12,028
Construction |  |  | 3,133 |  |  | — |  |  | 29 |  |  | 310 |  |  | 3,472
Commercial Real Estate |  |  | 73,759 |  |  | — |  |  | — |  |  | 2,371 |  |  | 76,130
|  | $ | 283,694 |  | $ | 995 |  | $ | 34 |  | $ | 4,685 |  | $ | 289,408
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 |
June 30, 2018 |  |  |  |  | Unpaid |  | Interest |  |  |  |  | Average
(dollars in thousands) |  | Recorded |  | Principal |  | Income |  | Specific |  | Recorded
|  | Investment |  | Balance |  | Recognized |  | Reserve |  | Investment
Impaired loans with specific reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  | $ | 96 |  | $ | 96 |  | $ | 1 |  | $ | 27 |  | $ | 137
Commercial |  |  | 211 |  |  | 211 |  |  | 6 |  |  | 211 |  |  | 214
Total impaired loans with specific reserves |  |  | 307 |  |  | 307 |  |  | 7 |  |  | 238 |  |  | 351
Impaired loans with no specific reserve: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Real Estate |  | $ | 1,735 |  | $ | 2,161 |  | $ | 4 |  | $ | — |  | $ | 2,871
Indirect |  |  | 129 |  |  | 129 |  |  | — |  |  | — |  |  | —
Construction |  |  | 228 |  |  | 228 |  |  | — |  |  | — |  |  | 236
Commercial Real Estate |  |  | 3,099 |  |  | 3,409 |  |  | 95 |  |  | — |  |  | 4,758
Total impaired loans with no specific reserve |  | $ | 5,191 |  | $ | 5,927 |  | $ | 99 |  |  | — |  | $ | 7,865
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 |
|  | June 30, |  | December 31,
(dollars in thousands) |  | 2018 |  | 2017
Troubled debt restructured loans |  | $ | 256 |  |  | $ | 263 |
Non-accrual and 90+ days past due and still accruing loans to average loans |  |  | 1.48 | % |  |  | 1.32 | %
Allowance for loan losses to nonaccrual & 90+ days past due and still accruing loans |  |  | 58.6 | % |  |  | 77.7 | %
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 |  | 40 |  | 349 |  | — |  | 84 |  | 132 |  | 609
Loans paid down/payoffs |  | (67) |  | (82) |  | (96) |  | — |  | (84) |  | (6) |  | (335)
Loans returned to accrual status |  | — |  | (132) |  | (112) |  | — |  | — |  | — |  | (244)
Loans charged off |  | (4) |  | (3) |  | (247) |  | — |  | — |  | — |  | (254)
June 30, 2017 |  | 336 |  | 2,331 |  | 87 |  | — |  | — |  | 773 |  | 3,527
December 31, 2017 |  | 185 |  | 2,124 |  | 88 |  | 48 |  | 318 |  | 507 |  | 3,270
Transfers into nonaccrual |  | 44 |  | 183 |  | 305 |  | — |  | — |  | 2,000 |  | 2,532
Loans paid down/payoffs |  | (15) |  | (41) |  | (51) |  | (48) |  | (8) |  | (136) |  | (299)
Loans returned to accrual status |  | — |  | — |  | (50) |  | — |  | — |  | — |  | (50)
Loans charged off |  | (92) |  | (513) |  | (163) |  | — |  | — |  | — |  | (768)
June 30, 2018 |  | 122 |  | 1,753 |  | 129 |  | — |  | 310 |  | 2,371 |  | 4,685
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 loan portfolio segment at June 30, 2018:
June 30, 2018 |  |  |  | Residential |  |  |  |  |  |  |  | Commercial |  |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Total
Pass |  | $ | 14,119 |  | $ | 79,828 |  | $ | 100,143 |  | $ | 11,817 |  | $ | 3,472 |  | $ | 73,031 |  | $ | 282,410
Special mention |  |  | 187 |  |  | 215 |  |  | 610 |  |  | — |  |  | — |  |  | — |  |  | 1,012
Substandard |  |  | 146 |  |  | 2,101 |  |  | 355 |  |  | 211 |  |  | — |  |  | 3,099 |  |  | 5,912
Doubtful |  |  | 1 |  |  | — |  |  | 73 |  |  | — |  |  | — |  |  | — |  |  | 74
Loss |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
|  | $ | 14,453 |  | $ | 82,144 |  | $ | 101,181 |  | $ | 12,028 |  | $ | 3,472 |  | $ | 76,130 |  | $ | 289,408
Nonaccrual |  |  | 122 |  |  | 1,753 |  |  | 129 |  |  | — |  |  | 310 |  |  | 2,371 |  |  | 4,685
Troubled debt restructures |  |  | 45 |  |  | — |  |  | — |  |  | 211 |  |  | — |  |  | — |  |  | 256
Number of TDRs accounts |  |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 2
Non-performing TDRs |  |  | 45 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 45
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 |  | $ | 15,823 |  | $ | 79,060 |  | $ | 83,756 |  | $ | 11,038 |  | $ | 3,218 |  | $ | 72,074 |  | $ | 264,969
Special mention |  |  | 77 |  |  | 384 |  |  | 1,027 |  |  | 2 |  |  | — |  |  | 327 |  |  | 1,817
Substandard |  |  | 188 |  |  | 2,482 |  |  | 362 |  |  | 217 |  |  | 318 |  |  | 1,194 |  |  | 4,761
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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