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LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

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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