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LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables) | 3 Months Ended
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Mar. 31, 2020
Loans and Allowance |
Schedule of major categories of loans |
|  | March 31, |  | December 31, |
|  | 2020 |  | 2019 |
(dollars in thousands) |  | Amount |  | % |  | Amount |  | % |
Consumer |  | $ | 12,700 |  | 5 |  | $ | 12,076 |  | 4 |
Residential real estate |  |  | 80,782 |  | 29 |  |  | 81,033 |  | 28 |
Indirect |  |  | 95,093 |  | 34 |  |  | 102,384 |  | 36 |
Commercial |  |  | 13,172 |  | 5 |  |  | 11,907 |  | 4 |
Construction |  |  | 2,563 |  | 1 |  |  | 3,317 |  | 1 |
Commercial real estate |  |  | 72,650 |  | 26 |  |  | 74,021 |  | 27 |
Loans, net of deferred fees and costs |  |  | 276,960 |  | 100 |  |  | 284,738 |  | 100 |
Less: Allowance for loan losses |  |  | (1,918) |  |  |  |  | (2,066) |  |  |
Loans, net |  | $ | 275,042 |  |  |  | $ | 282,672 |  |  |
Schedule of total allowance by loan segment |
March 31, 2020 |  |  |  | Residential |  |  |  |  |  |  |  |  | Commercial |  |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Total
Balance, beginning of year |  | $ | 122 |  | $ | 589 |  | $ | 917 |  | $ | 38 |  | $ | 11 |  | $ | 389 |  | $ | 2,066
Charge-offs |  |  | — |  |  | — |  |  | (125) |  |  | — |  |  | — |  |  | — |  |  | (125)
Recoveries |  |  | 4 |  |  | 3 |  |  | 30 |  |  | 20 |  |  | — |  |  | — |  |  | 57
Provision for loan losses |  |  | (4) |  |  | (45) |  |  | 20 |  |  | (21) |  |  | (2) |  |  | (28) |  |  | (80)
Balance, end of quarter |  | $ | 122 |  | $ | 547 |  | $ | 842 |  | $ | 37 |  | $ | 9 |  | $ | 361 |  | $ | 1,918
Individually evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 11 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 11
Related loan balance |  |  | 86 |  |  | 617 |  |  | — |  |  | — |  |  | — |  |  | 3,627 |  |  | 4,330
Collectively evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 111 |  | $ | 547 |  | $ | 842 |  | $ | 37 |  | $ | 9 |  | $ | 361 |  | $ | 1,907
Related loan balance |  |  | 12,614 |  |  | 80,165 |  |  | 95,093 |  |  | 13,172 |  |  | 2,563 |  |  | 69,023 |  |  | 272,630
December 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 |  |  | (69) |  |  | (16) |  |  | (504) |  |  | (27) |  |  | — |  |  | — |  |  | (616)
Recoveries |  |  | 16 |  |  | 5 |  |  | 225 |  |  | 10 |  |  | — |  |  | — |  |  | 256
Provision for loan losses |  |  | 14 |  |  | (264) |  |  | 208 |  |  | (186) |  |  | 7 |  |  | 106 |  |  | (115)
Balance, end of year |  | $ | 122 |  | $ | 589 |  | $ | 917 |  | $ | 38 |  | $ | 11 |  | $ | 389 |  | $ | 2,066
Individually evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 15 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 15
Related loan balance |  |  | 86 |  |  | 631 |  |  | — |  |  | — |  |  | — |  |  | 3,680 |  |  | 4,397
Collectively evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance in allowance |  | $ | 107 |  | $ | 589 |  | $ | 917 |  | $ | 38 |  | $ | 11 |  | $ | 389 |  | $ | 2,051
Related loan balance |  |  | 11,990 |  |  | 80,402 |  |  | 102,384 |  |  | 11,907 |  |  | 3,317 |  |  | 70,341 |  |  | 280,341
Schedule of allowances for credit losses |
|  | March 31, |  | March 31,
(dollars in thousands) |  | 2020 |  | 2019
Average loans |  | $ | 281,335 |  |  | $ | 299,506 |
Net charge offs to average loans (annualized) |  |  | 0.10 | % |  |  | 0.15 | %
Schedule of reserve for unfunded commitments |
|  | Three Months Ended
|  | Ended March 31,
(dollars in thousands) |  | 2020 |  | 2019
Beginning balance |  | $ | 37 |  | $ | 35
Reduction of unfunded reserve |  |  | — |  |  | (9)
Provisions charged to operations |  |  | 13 |  |  | —
Ending balance |  | $ | 50 |  | $ | 26
Schedule of current, past due, and non-accrual loans by categories of loans and restructured loans |
At March 31, 2020 |  |  |  |  |  |  |  | 90 Days or |  |  |  |  |  |
(dollars in thousands) |  |  |  |  | 30-89 Days |  | More and |  |  |  |  |  |
|  | Current |  | Past Due |  | Still Accruing |  | Nonaccrual |  | Total
Consumer |  | $ | 12,522 |  | $ | 46 |  | $ | — |  | $ | 132 |  | $ | 12,700
Residential Real Estate |  |  | 80,042 |  |  | 8 |  |  | 19 |  |  | 713 |  |  | 80,782
Indirect |  |  | 94,393 |  |  | 564 |  |  | — |  |  | 136 |  |  | 95,093
Commercial |  |  | 13,172 |  |  | — |  |  | — |  |  | — |  |  | 13,172
Construction |  |  | 2,563 |  |  | — |  |  | — |  |  | — |  |  | 2,563
Commercial Real Estate |  |  | 68,808 |  |  | 735 |  |  | — |  |  | 3,107 |  |  | 72,650
|  | $ | 271,500 |  | $ | 1,353 |  | $ | 19 |  | $ | 4,088 |  | $ | 276,960
At December 31, 2019 |  |  |  |  |  |  |  | 90 Days or |  |  |  |  |  |
(dollars in thousands) |  |  |  |  | 30-89 Days |  | More and |  |  |  |  |  |
|  | Current |  | Past Due |  | Still Accruing |  | Nonaccrual |  | Total
Consumer |  | $ | 11,865 |  | $ | 74 |  | $ | — |  | $ | 137 |  | $ | 12,076
Residential Real Estate |  |  | 80,192 |  |  | 92 |  |  | 21 |  |  | 728 |  |  | 81,033
Indirect |  |  | 101,605 |  |  | 656 |  |  | — |  |  | 123 |  |  | 102,384
Commercial |  |  | 11,907 |  |  | — |  |  | — |  |  | — |  |  | 11,907
Construction |  |  | 3,317 |  |  | — |  |  | — |  |  | — |  |  | 3,317
Commercial Real Estate |  |  | 70,882 |  |  | — |  |  | — |  |  | 3,139 |  |  | 74,021
|  | $ | 279,768 |  | $ | 822 |  | $ | 21 |  | $ | 4,127 |  | $ | 284,738
Schedule of impaired financing receivables |
March 31, 2020 |  |  |  |  | Unpaid |  | Interest |  |  |  |  | Average
(dollars in thousands) |  | Recorded |  | Principal |  | Income |  | Specific |  | Recorded
|  | Investment |  | Balance |  | Recognized |  | Reserve |  | Investment
Impaired loans with specific reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  | $ | 40 |  | $ | 40 |  | $ | 1 |  | $ | 11 |  | $ | 50
Total impaired loans with specific reserves |  |  | 40 |  |  | 40 |  |  | 1 |  |  | 11 |  |  | 50
Impaired loans with no specific reserve: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  | $ | 92 |  | $ | 92 |  | $ | — |  | $ | n/a |  | $ | 116
Residential Real Estate |  |  | 713 |  |  | 768 |  |  | 3 |  |  | n/a |  |  | 1,918
Indirect |  |  | 136 |  |  | 136 |  |  | — |  |  | n/a |  |  | 152
Commercial Real Estate |  |  | 3,627 |  |  | 3,627 |  |  | 31 |  |  | n/a |  |  | 3,749
Total impaired loans with no specific reserve |  | $ | 4,568 |  | $ | 4,623 |  | $ | 34 |  |  | — |  | $ | 5,935
December 31, 2019 |  |  |  |  | Unpaid |  | Interest |  |  |  |  | Average
(dollars in thousands) |  | Recorded |  | Principal |  | Income |  | Specific |  | Recorded
|  | Investment |  | Balance |  | Recognized |  | Reserve |  | Investment
Impaired loans with specific reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  | $ | 26 |  | $ | 41 |  | $ | 2 |  | $ | 15 |  | $ | 50
Total impaired loans with specific reserves |  | $ | 26 |  | $ | 41 |  | $ | 2 |  | $ | 15 |  | $ | 50
Impaired loans with no specific reserve: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer |  | $ | 96 |  | $ | 96 |  | $ | 8 |  |  | n/a |  | $ | 122
Residential Real Estate |  |  | 728 |  |  | 1,497 |  |  | 14 |  |  | n/a |  |  | 1,928
Indirect |  |  | 123 |  |  | 123 |  |  | 6 |  |  | n/a |  |  | —
Commercial Real Estate |  |  | 3,680 |  |  | 3,680 |  |  | 81 |  |  | n/a |  |  | 3,845
Total impaired loans with no specific reserve |  | $ | 4,627 |  | $ | 5,396 |  | $ | 109 |  |  | — |  | $ | 5,895
Schedule of allowance for loan loss and the unearned income on loans |
|  | March 31, |  | December 31,
(dollars in thousands) |  | 2020 |  | 2019
Troubled debt restructured loans |  | $ | 40 |  |  | $ | 41 |
Non-accrual and 90+ days past due and still accruing loans to average loans |  |  | 1.46 | % |  |  | 1.45 | %
Allowance for loan losses to nonaccrual & 90+ days past due and still accruing loans |  |  | 46.7 | % |  |  | 49.8 | %
Schedule of non accrual loans |
|  |  |  | Residential |  |  |  |  |  | Commercial |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Real Estate |  | Totals
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
December 31, 2019 |  | 137 |  | 728 |  | 123 |  | — |  | 3,139 |  | 4,127
Transfers into nonaccrual |  | — |  | — |  | 177 |  | — |  | — |  | 177
Loans paid down/payoffs |  | (5) |  | (15) |  | (22) |  | — |  | (32) |  | (74)
Loans returned to accrual status |  | — |  | — |  | (17) |  | — |  | — |  | (17)
Loans charged off |  | — |  | — |  | (125) |  | — |  | — |  | (125)
March 31, 2020 |  | 132 |  | 713 |  | 136 |  | — |  | 3,107 |  | 4,088
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, 2020 and December 31, 2019:
March 31, 2020 |  |  |  | Residential |  |  |  |  |  |  |  | Commercial |  |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Total
Pass |  | $ | 12,568 |  | $ | 80,069 |  | $ | 94,957 |  | $ | 13,172 |  | $ | 2,563 |  | $ | 69,023 |  | $ | 272,352
Special mention |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Substandard |  |  | 132 |  |  | 713 |  |  | 83 |  |  | — |  |  | — |  |  | 3,627 |  |  | 4,555
Doubtful |  |  | — |  |  | — |  |  | 53 |  |  | — |  |  | — |  |  | — |  |  | 53
Loss |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
|  | $ | 12,700 |  | $ | 80,782 |  | $ | 95,093 |  | $ | 13,172 |  | $ | 2,563 |  | $ | 72,650 |  | $ | 276,960
Nonaccrual |  | $ | 132 |  | $ | 713 |  | $ | 136 |  | $ | — |  | $ | — |  | $ | 3,107 |  | $ | 4,088
Troubled debt restructures |  | $ | 40 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 40
Number of TDRs accounts |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1
Non-performing TDRs |  | $ | 40 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 40
Number of non-performing TDR accounts |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1
December 31, 2019 |  |  |  | Residential |  |  |  |  |  |  |  | Commercial |  |  |
(dollars in thousands) |  | Consumer |  | Real Estate |  | Indirect |  | Commercial |  | Construction |  | Real Estate |  | Total
Pass |  | $ | 11,939 |  | $ | 80,305 |  | $ | 102,261 |  | $ | 11,907 |  | $ | 3,317 |  | $ | 70,341 |  | $ | 280,070
Special mention |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Substandard |  |  | 137 |  |  | 728 |  |  | 44 |  |  | — |  |  | — |  |  | 3,680 |  |  | 4,589
Doubtful |  |  | — |  |  | — |  |  | 79 |  |  | — |  |  | — |  |  | — |  |  | 79
Loss |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
|  | $ | 12,076 |  | $ | 81,033 |  | $ | 102,384 |  | $ | 11,907 |  | $ | 3,317 |  | $ | 74,021 |  | $ | 284,738
Nonaccrual |  | $ | 137 |  | $ | 728 |  | $ | 123 |  | $ | — |  | $ | — |  | $ | 3,139 |  | $ | 4,127
Troubled debt restructures |  | $ | 41 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 41
Number of TDRs accounts |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1
Non-performing TDRs |  | $ | 41 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 41
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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953659-111524 + Details
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