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LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables) | 6 Months Ended
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Jun. 30, 2019
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES |
Schedule of major categories of loans |
|  | June 30, |  | December 31, |
|  | 2019 |  | 2018 |
(dollars in thousands) |  | Amount |  | % |  | Amount |  | % |
Consumer |  | $ | 12,259 |  | 4 |  | $ | 13,071 |  | 4 |
Residential real estate |  |  | 81,213 |  | 28 |  |  | 82,637 |  | 28 |
Indirect |  |  | 110,716 |  | 38 |  |  | 116,698 |  | 39 |
Commercial |  |  | 12,065 |  | 4 |  |  | 14,284 |  | 5 |
Construction |  |  | 2,886 |  | 1 |  |  | 2,317 |  | 1 |
Commercial real estate |  |  | 72,098 |  | 25 |  |  | 70,113 |  | 23 |
Loans, net of deferred fees and costs |  |  | 291,237 |  | 100 |  |  | 299,120 |  | 100 |
Less: Allowance for loan losses |  |  | (2,459) |  |  |  |  | (2,541) |  |  |
Loans, net |  | $ | 288,778 |  |  |  | $ | 296,579 |  |  |
Schedule of total allowance by loan segment |
June 30, 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 |  |  | (69) |  |  | (16) |  |  | (323) |  |  | (27) |  |  | — |  |  | — |  |  | (435)
Recoveries |  |  | 12 |  |  | — |  |  | 127 |  |  | 10 |  |  | — |  |  | — |  |  | 149
Provision for loan losses |  |  | 49 |  |  | (177) |  |  | 220 |  |  | 16 |  |  | 1 |  |  | 95 |  |  | 204
Balance, end of quarter |  | $ | 153 |  | $ | 671 |  | $ | 1,012 |  | $ | 240 |  | $ | 5 |  | $ | 378 |  | $ | 2,459
Individually evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 16 |  | $ | — |  | $ | — |  | $ | 200 |  | $ | — |  | $ | — |  | $ | 216
Related loan balance |  |  | 154 |  |  | 784 |  |  | — |  |  | 284 |  |  | — |  |  | 1,202 |  |  | 2,424
Collectively evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 137 |  | $ | 671 |  | $ | 1,012 |  | $ | 40 |  | $ | 5 |  | $ | 378 |  | $ | 2,243
Related loan balance |  |  | 12,105 |  |  | 80,429 |  |  | 110,716 |  |  | 11,781 |  |  | 2,886 |  |  | 70,896 |  |  | 288,813
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 |
|  | June 30, |  | June 30,
(dollars in thousands) |  | 2019 |  | 2018
Average loans |  | $ | 295,425 |  |  | $ | 281,104 |
Net charge offs to average loans (annualized) |  |  | 0.24 | % |  |  | 0.48 | %
Schedule of reserve for unfunded commitments |
|  | Six Months Ended
|  | Ended June 30,
(dollars in thousands) |  | 2019 |  | 2018
Beginning balance |  | $ | 35 |  | $ | 24
Reduction of unfunded reserve |  |  | (23) |  |  | (18)
Provisions charged to operations |  |  | — |  |  | 37
Ending balance |  | $ | 12 |  | $ | 43
Schedule of current, past due, and non-accrual loans by categories of loans and restructured loans |
At June 30, 2019 |  |  |  |  |  |  |  | 90 Days or |  |  |  |  |  |
(dollars in thousands) |  |  |  |  | 30-89 Days |  | More and |  |  |  |  |  |
|  | Current |  | Past Due |  | Still Accruing |  | Nonaccrual |  | Total
Consumer |  | $ | 11,988 |  | $ | 55 |  | $ | — |  | $ | 216 |  | $ | 12,259
Residential Real Estate |  |  | 80,305 |  |  | 2 |  |  | 23 |  |  | 883 |  |  | 81,213
Indirect |  |  | 110,166 |  |  | 520 |  |  | — |  |  | 30 |  |  | 110,716
Commercial |  |  | 11,979 |  |  | — |  |  | — |  |  | 86 |  |  | 12,065
Construction |  |  | 2,886 |  |  | — |  |  | — |  |  | — |  |  | 2,886
Commercial Real Estate |  |  | 68,795 |  |  | — |  |  | — |  |  | 3,303 |  |  | 72,098
|  | $ | 286,119 |  | $ | 577 |  | $ | 23 |  | $ | 4,518 |  | $ | 291,237
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 |
June 30, 2019 |  |  |  |  | Unpaid |  | Interest |  |  |  |  | Average
(dollars in thousands) |  | Recorded |  | Principal |  | Income |  | Specific |  | Recorded
|  | Investment |  | Balance |  | Recognized |  | Reserve |  | Investment
Impaired loans with specific reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  | $ | 83 |  | $ | 83 |  | $ | 1 |  | $ | 16 |  | $ | 134
Commercial |  |  | 284 |  |  | 284 |  |  | 7 |  |  | 200 |  |  | 288
Total impaired loans with specific reserves |  |  | 367 |  |  | 367 |  |  | 8 |  |  | 216 |  |  | 422
Impaired loans with no specific reserve: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  | $ | 132 |  | $ | 132 |  | $ | 2 |  | $ | n/a |  | $ | 75
Residential Real Estate |  |  | 821 |  |  | 1,589 |  |  | 4 |  |  | n/a |  |  | 1,921
Indirect |  |  | 30 |  |  | 30 |  |  | — |  |  | n/a |  |  | —
Commercial Real Estate |  |  | 3,881 |  |  | 3,881 |  |  | 21 |  |  | n/a |  |  | 1,294
Total impaired loans with no specific reserve |  | $ | 4,864 |  | $ | 5,632 |  | $ | 27 |  |  | — |  | $ | 3,290
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 |
|  | June 30, |  | December 31,
(dollars in thousands) |  | 2019 |  | 2018
Troubled debt restructured loans |  | $ | 241 |  |  | $ | 248 |
Non-accrual and 90+ days past due and still accruing loans to average loans |  |  | 1.61 | % |  |  | 0.73 | %
Allowance for loan losses to nonaccrual & 90+ days past due and still accruing loans |  |  | 54.0 | % |  |  | 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 |  | 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
December 31, 2018 |  | 186 |  | 956 |  | 116 |  | 27 |  | — |  | 662 |  | 1,947
Transfers into nonaccrual |  | 134 |  | 571 |  | 334 |  | 86 |  | — |  | 2,746 |  | 3,871
Loans paid down/payoffs |  | (16) |  | (628) |  | (21) |  | — |  | — |  | (105) |  | (770)
Loans returned to accrual status |  | (48) |  | — |  | (102) |  | — |  | — |  | — |  | (150)
Loans charged off |  | (40) |  | (16) |  | (297) |  | (27) |  | — |  | — |  | (380)
June 30, 2019 |  | 216 |  | 883 |  | 30 |  | 86 |  | — |  | 3,303 |  | 4,518
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 June 30, 2019 and December 31, 2018:
June 30, 2019 |  |  |  | Residential |  |  |  |  |  |  |  | Commercial |  |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Total
Pass |  | $ | 12,044 |  | $ | 80,392 |  | $ | 110,686 |  | $ | 11,781 |  | $ | 2,886 |  | $ | 68,217 |  | $ | 286,006
Special mention |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Substandard |  |  | 215 |  |  | 821 |  |  | 5 |  |  | 284 |  |  | — |  |  | 3,881 |  |  | 5,206
Doubtful |  |  | — |  |  | — |  |  | 25 |  |  | — |  |  | — |  |  | — |  |  | 25
Loss |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
|  | $ | 12,259 |  | $ | 81,213 |  | $ | 110,716 |  | $ | 12,065 |  | $ | 2,886 |  | $ | 72,098 |  | $ | 291,237
Nonaccrual |  | $ | 216 |  | $ | 883 |  | $ | 30 |  | $ | 86 |  | $ | — |  | $ | 3,303 |  | $ | 4,518
Troubled debt restructures |  | $ | 42 |  | $ | — |  | $ | — |  | $ | 199 |  | $ | — |  | $ | — |  | $ | 241
Number of TDRs accounts |  |  | 1 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 2
Non-performing TDRs |  | $ | 42 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 42
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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