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LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables) | 3 Months Ended
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Mar. 31, 2019
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES |
Schedule of major categories of loans |
|  | March 31, |  | December 31, |
|  | 2019 |  | 2018 |
(dollars in thousands) |  | Amount |  | % |  | Amount |  | % |
Consumer |  | $ | 12,876 |  | 4 |  | $ | 13,071 |  | 4 |
Residential real estate |  |  | 81,567 |  | 27 |  |  | 82,637 |  | 28 |
Indirect |  |  | 115,800 |  | 39 |  |  | 116,698 |  | 39 |
Commercial |  |  | 14,504 |  | 5 |  |  | 14,284 |  | 5 |
Construction |  |  | 2,090 |  | 1 |  |  | 2,317 |  | 1 |
Commercial real estate |  |  | 72,580 |  | 24 |  |  | 70,113 |  | 23 |
Loans, net of deferred fees and costs |  |  | 299,417 |  | 100 |  |  | 299,120 |  | 100 |
Less: Allowance for loan losses |  |  | (2,605) |  |  |  |  | (2,541) |  |  |
Loans, net |  | $ | 296,812 |  |  |  | $ | 296,579 |  |  |
Schedule of total allowance by loan segment |
March 31, 2019 |  |  |  | Residential |  |  |  |  |  |  |  |  | Commercial |  |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Total
Balance, beginning of year |  | $ | 161 |  | $ | 864 |  | $ | 988 |  | $ | 241 |  | $ | 4 |  | $ | 283 |  | $ | 2,541
Charge-offs |  |  | — |  |  | (12) |  |  | (166) |  |  | (27) |  |  | — |  |  | — |  |  | (205)
Recoveries |  |  | 10 |  |  | — |  |  | 80 |  |  | 6 |  |  | — |  |  | — |  |  | 96
Provision for loan losses |  |  | 15 |  |  | (35) |  |  | 123 |  |  | 29 |  |  | — |  |  | 41 |  |  | 173
Balance, end of quarter |  | $ | 186 |  | $ | 817 |  | $ | 1,025 |  | $ | 249 |  | $ | 4 |  | $ | 324 |  | $ | 2,605
Individually evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 52 |  | $ | — |  | $ | — |  | $ | 203 |  | $ | — |  | $ | — |  | $ | 255
Related loan balance |  |  | 248 |  |  | 1,071 |  |  | — |  |  | 287 |  |  | — |  |  | 1,234 |  |  | 2,840
Collectively evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 134 |  | $ | 817 |  | $ | 1,025 |  | $ | 46 |  | $ | 4 |  | $ | 324 |  | $ | 2,350
Related loan balance |  |  | 12,628 |  |  | 80,496 |  |  | 115,800 |  |  | 14,217 |  |  | 2,090 |  |  | 71,346 |  |  | 296,577
December 31, 2018 |  |  |  | Residential |  |  |  |  |  |  |  |  | Commercial |  |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Total
Balance, beginning of year |  | $ | 214 |  | $ | 1,061 |  | $ | 774 |  | $ | 237 |  | $ | 12 |  | $ | 291 |  | $ | 2,589
Charge-offs |  |  | (208) |  |  | (589) |  |  | (341) |  |  | — |  |  | — |  |  | (13) |  |  | (1,151)
Recoveries |  |  | 48 |  |  | 2 |  |  | 183 |  |  | 14 |  |  | — |  |  | — |  |  | 247
Provision for loan losses |  |  | 107 |  |  | 390 |  |  | 372 |  |  | (10) |  |  | (8) |  |  | 5 |  |  | 856
Balance, end of year |  | $ | 161 |  | $ | 864 |  | $ | 988 |  | $ | 241 |  | $ | 4 |  | $ | 283 |  | $ | 2,541
Individually evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 22 |  | $ | — |  | $ | — |  | $ | 204 |  | $ | — |  | $ | — |  | $ | 226
Related loan balance |  |  | 138 |  |  | 854 |  |  | — |  |  | 204 |  |  | — |  |  | 1,054 |  |  | 2,250
Collectively evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 139 |  | $ | 864 |  | $ | 988 |  | $ | 37 |  | $ | 4 |  | $ | 283 |  | $ | 2,315
Related loan balance |  |  | 12,933 |  |  | 81,783 |  |  | 116,698 |  |  | 14,080 |  |  | 2,317 |  |  | 69,059 |  |  | 296,870
Schedule of allowances for credit losses |
|  | March 31, |  | March 31,
(dollars in thousands) |  | 2019 |  | 2018
Average loans |  | $ | 299,506 |  |  | $ | 273,964 |
Net charge offs to average loans (annualized) |  |  | 0.27 | % |  |  | 0.07 | %
Schedule of reserve for unfunded commitments |
|  | Three Months
|  | Ended March 31,
(dollars in thousands) |  | 2019 |  | 2018
Beginning balance |  | $ | 35 |  | $ | 24
Reduction of unfunded reserve |  |  | (9) |  |  | (18)
Provisions charged to operations |  |  | — |  |  | 6
Ending balance |  | $ | 26 |  | $ | 12
Schedule of current, past due, and non-accrual loans by categories of loans and restructured loans |
At March 31, 2019 |  |  |  |  |  |  |  | 90 Days or |  |  |  |  |  |
(dollars in thousands) |  |  |  |  | 30-89 Days |  | More and |  |  |  |  |  |
|  | Current |  | Past Due |  | Still Accruing |  | Nonaccrual |  | Total
Consumer |  | $ | 12,412 |  | $ | 152 |  | $ | — |  | $ | 312 |  | $ | 12,876
Residential Real Estate |  |  | 79,923 |  |  | 387 |  |  | 25 |  |  | 1,232 |  |  | 81,567
Indirect |  |  | 114,981 |  |  | 633 |  |  | — |  |  | 186 |  |  | 115,800
Commercial |  |  | 14,418 |  |  | — |  |  | — |  |  | 86 |  |  | 14,504
Construction |  |  | 2,090 |  |  | — |  |  | — |  |  | — |  |  | 2,090
Commercial Real Estate |  |  | 69,104 |  |  | 2,830 |  |  | — |  |  | 646 |  |  | 72,580
|  | $ | 292,928 |  | $ | 4,002 |  | $ | 25 |  | $ | 2,462 |  | $ | 299,417
At December 31, 2018 |  |  |  |  |  |  |  | 90 Days or |  |  |  |  |  |
(dollars in thousands) |  |  |  |  | 30-89 Days |  | More and |  |  |  |  |  |
|  | Current |  | Past Due |  | Still Accruing |  | Nonaccrual |  | Total
Consumer |  | $ | 12,669 |  | $ | 216 |  | $ | — |  | $ | 186 |  | $ | 13,071
Residential Real Estate |  |  | 80,923 |  |  | 732 |  |  | 26 |  |  | 956 |  |  | 82,637
Indirect |  |  | 115,890 |  |  | 692 |  |  | — |  |  | 116 |  |  | 116,698
Commercial |  |  | 14,171 |  |  | 86 |  |  | — |  |  | 27 |  |  | 14,284
Construction |  |  | 2,317 |  |  | — |  |  | — |  |  | — |  |  | 2,317
Commercial Real Estate |  |  | 69,451 |  |  | — |  |  | — |  |  | 662 |  |  | 70,113
|  | $ | 295,421 |  | $ | 1,726 |  | $ | 26 |  | $ | 1,947 |  | $ | 299,120
Schedule of impaired financing receivables |
March 31, 2019 |  |  |  |  | Unpaid |  | Interest |  |  |  |  | Average
(dollars in thousands) |  | Recorded |  | Principal |  | Income |  | Specific |  | Recorded
|  | Investment |  | Balance |  | Recognized |  | Reserve |  | Investment
Impaired loans with specific reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  | $ | 175 |  | $ | 175 |  | $ | 1 |  | $ | 52 |  | $ | 223
Commercial |  |  | 287 |  |  | 287 |  |  | — |  |  | 203 |  |  | 289
Total impaired loans with specific reserves |  |  | 462 |  |  | 462 |  |  | 1 |  |  | 255 |  |  | 512
Impaired loans with no specific reserve: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  | $ | 137 |  | $ | 137 |  | $ | — |  | $ | n/a |  | $ | 75
Residential Real Estate |  |  | 1,235 |  |  | 2,004 |  |  | 1 |  |  | n/a |  |  | 2,176
Indirect |  |  | 185 |  |  | 185 |  |  | — |  |  | n/a |  |  | —
Commercial Real Estate |  |  | 1,234 |  |  | 1,544 |  |  | 10 |  |  | n/a |  |  | 1,305
Total impaired loans with no specific reserve |  | $ | 2,791 |  | $ | 3,869 |  | $ | 11 |  |  | — |  | $ | 3,556
December 31, 2018 |  |  |  |  | Unpaid |  | Interest |  |  |  |  | Average
(dollars in thousands) |  | Recorded |  | Principal |  | Income |  | Specific |  | Recorded
|  | Investment |  | Balance |  | Recognized |  | Reserve |  | Investment
Impaired loans with specific reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  | $ | 89 |  | $ | 89 |  | $ | 3 |  | $ | 22 |  | $ | 136
Commercial |  |  | 204 |  |  | 204 |  |  | 12 |  |  | 204 |  |  | 211
Total impaired loans with specific reserves |  |  | 294 |  |  | 294 |  |  | 15 |  |  | 226 |  |  | 347
Impaired loans with no specific reserve: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  | $ | 96 |  | $ | 300 |  | $ | 2 |  |  | n/a |  | $ | 50
Residential Real Estate |  |  | 956 |  |  | 1,545 |  |  | 4 |  |  | n/a |  |  | 1,981
Indirect |  |  | 116 |  |  | 457 |  |  | — |  |  | n/a |  |  | —
Commercial Real Estate |  |  | 1,267 |  |  | 1,267 |  |  | 39 |  |  | n/a |  |  | 1,148
Total impaired loans with no specific reserve |  | $ | 2,435 |  | $ | 3,569 |  | $ | 45 |  |  | — |  | $ | 3,179
Schedule of allowance for loan loss and the unearned income on loans |
|  | March 31, |  | December 31,
(dollars in thousands) |  | 2019 |  | 2018
Troubled debt restructured loans |  | $ | 245 |  |  | $ | 248 |
Non-accrual and 90+ days past due and still accruing loans to average loans |  |  | 0.90 | % |  |  | 0.73 | %
Allowance for loan losses to nonaccrual & 90+ days past due and still accruing loans |  |  | 104.7 | % |  |  | 128.7 | %
Schedule of non accrual loans |
|  |  |  | Residential |  |  |  |  |  |  |  | Commercial |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Totals
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
December 31, 2018 |  | 186 |  | 956 |  | 116 |  | 27 |  | — |  | 662 |  | 1,947
Transfers into nonaccrual |  | 134 |  | 571 |  | 270 |  | 86 |  | — |  | — |  | 1,061
Loans paid down/payoffs |  | (8) |  | (283) |  | (8) |  | — |  | — |  | (16) |  | (315)
Loans returned to accrual status |  | — |  | — |  | (19) |  | — |  | — |  | — |  | (19)
Loans charged off |  | — |  | (12) |  | (173) |  | (27) |  | — |  | — |  | (212)
March 31, 2019 |  | 312 |  | 1,232 |  | 186 |  | 86 |  | — |  | 646 |  | 2,462
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 March 31, 2019 and December 31, 2018:
March 31, 2019 |  |  |  | Residential |  |  |  |  |  |  |  | Commercial |  |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Total
Pass |  | $ | 12,564 |  | $ | 80,397 |  | $ | 115,615 |  | $ | 14,217 |  | $ | 2,090 |  | $ | 71,346 |  | $ | 296,229
Special mention |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Substandard |  |  | 312 |  |  | 1,170 |  |  | 67 |  |  | 287 |  |  | — |  |  | 1,234 |  |  | 3,070
Doubtful |  |  | — |  |  | — |  |  | 118 |  |  | — |  |  | — |  |  | — |  |  | 118
Loss |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
|  | $ | 12,876 |  | $ | 81,567 |  | $ | 115,800 |  | $ | 14,504 |  | $ | 2,090 |  | $ | 72,580 |  | $ | 299,417
Nonaccrual |  | $ | 312 |  | $ | 1,232 |  | $ | 186 |  | $ | 86 |  | $ | — |  | $ | 646 |  | $ | 2,462
Troubled debt restructures |  | $ | 43 |  | $ | — |  | $ | — |  | $ | 202 |  | $ | — |  | $ | — |  | $ | 245
Number of TDRs accounts |  |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 2
Non-performing TDRs |  | $ | 43 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 43
Number of non-performing TDR accounts |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1
December 31, 2018 |  |  |  | Residential |  |  |  |  |  |  |  | Commercial |  |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Total
Pass |  | $ | 12,888 |  | $ | 82,111 |  | $ | 115,724 |  | $ | 14,284 |  | $ | 2,317 |  | $ | 69,900 |  | $ | 297,224
Special mention |  |  | — |  |  | 424 |  |  | 645 |  |  | — |  |  | — |  |  | — |  |  | 1,069
Substandard |  |  | 183 |  |  | 102 |  |  | 244 |  |  | — |  |  | — |  |  | 213 |  |  | 742
Doubtful |  |  | — |  |  | — |  |  | 85 |  |  | — |  |  | — |  |  | — |  |  | 85
Loss |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
|  | $ | 13,071 |  | $ | 82,637 |  | $ | 116,698 |  | $ | 14,284 |  | $ | 2,317 |  | $ | 70,113 |  | $ | 299,120
Nonaccrual |  | $ | 186 |  | $ | 956 |  | $ | 116 |  | $ | 27 |  | $ | — |  | $ | 662 |  | $ | 1,947
Troubled debt restructures |  | $ | 44 |  | $ | — |  | $ | — |  | $ | 204 |  | $ | — |  | $ | — |  | $ | 248
Number of TDRs accounts |  |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 2
Non-performing TDRs |  | $ | 44 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 44
Number of non-performing TDR accounts |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1

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