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LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)

9 Months Ended

Sep. 30, 2018

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES

Schedule of major categories of loans

		September 30,					December 31,
		2018					2017
(dollars in thousands)		Amount			%		Amount			%
Consumer		$	14,602		5		$	16,112		6
Residential real estate			82,705		28			81,926		30
Indirect			110,192		38			85,186		32
Commercial			13,266		4			11,257		4
Construction			2,677		1			3,536		1
Commercial real estate			71,539		24			73,595		27
Loans, net of deferred fees and costs			294,981		100			271,612		100
Less:  Allowance for loan losses			(2,455)					(2,589)
Loans, net		$	292,526				$	269,023

Schedule of total allowance by loan segment

September 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			(96)			(589)			(256)			(13)			—			—			—			(954)
Recoveries			46			2			171			—			—			—			—			219
Provision for loan losses			40			353			234			18			(9)			(35)			—			601
Balance, end of year		$	204		$	827		$	923		$	242		$	3		$	256		$	—		$	2,455
Individually evaluated for impairment:
Balance in allowance		$	74		$	—		$	—		$	208		$	—		$	—		$	—		$	282
Related loan balance			280			1,282			—			208			—			1,085			—			2,855
Collectively evaluated for impairment:
Balance in allowance		$	130		$	827		$	923		$	34		$	3		$	256		$	—		$	2,173
Related loan balance			14,322			81,423			110,192			13,058			2,677			70,454			—			292,126

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

		September 30,				September 30,
(dollars in thousands)		2018				2017
Average loans		$	283,005			$	269,333
Net charge offs to average loans (annualized)			0.35	%			0.05	%

Schedule of reserve for unfunded commitments

		Nine Months
		Ended September 30,
(dollars in thousands)		2018			2017
Beginning balance		$	24		$	25
Reduction of unfunded reserve			(45)			(29)
Provisions charged to operations			46			17
Ending balance		$	25		$	13

Schedule of current, past due, and non-accrual loans by categories of loans and restructured loans

At September 30, 2018								90 Days or
(dollars in thousands)					30-89 Days			More and
		Current			Past Due			Still Accruing			Nonaccrual			Total
Consumer		$	14,187		$	81		$	—		$	334		$	14,602
Residential Real Estate			81,335			409			28			933			82,705
Indirect			109,380			677			—			135			110,192
Commercial			13,266			—			—			—			13,266
Construction			2,449			—			—			228			2,677
Commercial Real Estate			71,007			—			—			532			71,539
		$	291,624		$	1,167		$	28		$	2,162		$	294,981

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

September 30, 2018					Unpaid			Interest						Average
(dollars in thousands)		Recorded			Principal			Income			Specific			Recorded
		Investment			Balance			Recognized			Reserve			Investment
Impaired loans with specific reserves:
Consumer		$	231		$	231		$	5		$	74		$	274
Commercial			208			208			6			208			212
Total impaired loans with specific reserves			438			438			11			282			486
Impaired loans with no specific reserve:
Consumer		$	104		$	104		$	1		$	—		$	50
Residential Real Estate			1,090			1,516			10			—			1,660
Indirect			108			108			—			—			—
Construction			228			228			—			—			236
Commercial Real Estate			1,158			1,468			27			—			1,643
Total impaired loans with no specific reserve		$	2,688		$	3,424		$	38			—		$	3,589

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

		September 30,				December 31,
(dollars in thousands)		2018				2017
Troubled debt restructured loans		$	252			$	263
Non-accrual and 90+ days past due and still accruing loans to average loans			0.85	%			1.32	%
Allowance for loan losses to nonaccrual & 90+ days past due and still accruing loans			112.1	%			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		6		524		624		48		84		132		1,418
Loans paid down/payoffs		(77)		(183)		(113)		—		(86)		(147)		(606)
Loans returned to accrual status		(47)		(132)		(162)		—		—		—		(341)
Loans charged off		(4)		(3)		(349)		—		—		—		(356)
September 30, 2017		281		2,714		193		48		(2)		632		3,866
December 31, 2017		185		2,124		88		48		318		507		3,270
Transfers into nonaccrual		261		183		464		—		—		2,082		2,989
Loans paid down/payoffs		(20)		(595)		(90)		(48)		(90)		(2,057)		(2,900)
Loans returned to accrual status		—		(191)		(71)		—		—		—		(262)
Loans charged off		(92)		(588)		(256)		—		—		—		(936)
September 30, 2018		334		933		135		—		228		532		2,162

Schedule of risk ratings of loans by categories of loans

The following tables provides information with respect to the Company's credit quality indicators by loan portfolio segment at September 30, 2018 and December 31, 2017:

September 30, 2018					Residential												Commercial
(dollars in thousands)		Consumer			Real Estate			Indirect			Commercial			Construction			Real Estate			Total
Pass		$	14,191		$	81,142		$	109,785		$	13,058		$	2,677		$	70,412		$	291,265
Special mention			—			172			47			—			—			—			219
Substandard			411			1,391			340			208			—			1,127			3,477
Doubtful			—			—			20			—			—			—			20
Loss			—			—			—			—			—			—			—
		$	14,602		$	82,705		$	110,192		$	13,266		$	2,677		$	71,539		$	294,981
Nonaccrual			334			933			135			—			228			532			2,162
Troubled debt restructures			44			—			—			208			—			—			252
Number of TDRs accounts			1			—			—			1			—			—			2
Non-performing TDRs			44			—			—			—			—			—			44
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		$	15,952		$	79,126		$	84,574		$	11,040		$	3,536		$	72,092		$	266,320
Special mention			—			218			129			—			—			327			674
Substandard			160			2,582			383			217			—			1,176			4,518
Doubtful			—			—			100			—			—			—			100
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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