XML 214 R31.htm IDEA: XBRL DOCUMENT

Loans Receivable and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2019

Loans Receivable and Allowance for Loan Losses [Abstract]





	December 31, 2019				December 31, 2018
Real Estate:
Residential	$	229,781	24.9	%	$	235,523	27.7	%
Commercial		391,327	42.3			374,790	44.1
Construction		17,732	1.9			17,445	2.0
Commercial, financial and agricultural		134,150	14.5			110,542	13.0
Consumer loans to individuals		151,686	16.4			112,002	13.2
Total loans		924,676	100.0	%		850,302	100.0	%

Deferred fees, net		(95)				(120)
Total loans receivable		924,581				850,182
Allowance for loan losses		(8,509)				(8,452)
Net loans receivable	$	916,072			$	841,730

Changes in the Accretable Yield for Purchased Credit-impaired Loans



	2019		2018
Balance at beginning of period	$	29	$	108
Additions		-		-
Accretion		(29)		(56)
Reclassification and other		-		(23)
Balance at end of period	$	-	$	29

Information Regarding Loans Acquired and Accounted for in Accordance With ASC 310-30



	December 31, 2019		December 31, 2018

Outstanding Balance	$	793	$	1,055
Carrying Amount	$	696	$	886

Summary of Amount of Loans in Each Category that were Individually and Collectively Evaluated for Impairment



	Real Estate Loans
							Commercial		Consumer
	Residential		Commercial		Construction		Loans		Loans		Total
	(In thousands)
December 31, 2019
Individually evaluated for impairment	$	-	$	2,144	$	-	$	-	$	-	$	2,144
Loans acquired with deteriorated credit quality		476		220		-		-		-		696
Collectively evaluated for impairment		229,305		388,963		17,732		134,150		151,686		921,836
Total Loans	$	229,781	$	391,327	$	17,732	$	134,150	$	151,686	$	924,676



	Real Estate Loans
							Commercial		Consumer
	Residential		Commercial		Construction		Loans		Loans		Total
	(In thousands)
December 31, 2018
Individually evaluated for impairment	$	-	$	1,319	$	-	$	-	$	-	$	1,319
Loans acquired with deteriorated credit quality		630		256		-		-		-		886
Collectively evaluated for impairment		234,893		373,215		17,445		110,542		112,002		848,097
Total Loans	$	235,523	$	374,790	$	17,445	$	110,542	$	112,002	$	850,302

Impaired Loans and Related Interest Income by Loan Portfolio Class



			Unpaid Principal
	Recorded		Principal		Associated
	Investment		Balance		Allowance
December 31, 2019				(in thousands)
With no related allowance recorded:
Real Estate Loans
Commercial	$	143	$	394	$	-
Subtotal		143		394		-

With an allowance recorded:
Real Estate Loans
Commercial		2,001		2,001		417
Subtotal		2,001		2,001		417
Total:
Real Estate Loans
Commercial		2,144		2,395		417
Total Impaired Loans	$	2,144	$	2,395	$	417



			Unpaid
	Recorded		Principal		Associated
	Investment		Balance		Allowance

December 31, 2018	(In thousands)
With no related allowance recorded:
Real Estate Loans
Commercial	$	1,319	$	1,747	$	-
Subtotal		1,319		1,747		-

Total:
Real Estate Loans
Commercial		1,319		1,747		-
Total Impaired Loans	$	1,319	$	1,747	$	-

The following information for impaired loans is presented for the years ended December 31, 2019 and 2018:


	Average Recorded	Average Recorded			Interest Income
		Investment			Recognized
	2019		2018		2019		2018
	(In thousands)
Total:
Real Estate Loans
Commercial	$	1,036	$	1,220	$	233	$	67
Total Loans	$	1,036	$	1,220	$	233	$	67

Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating



			Special
	Pass		Mention		Substandard		Doubtful		Loss		Total
December 31, 2019
Commercial real estate loans	$	376,109	$	12,268	$	2,950	$	-	$	-	$	391,327
Commercial		133,695		248		207		-		-		134,150
Total	$	509,804	$	12,516	$	3,157	$	-	$	-	$	525,477



			Special
	Pass		Mention		Substandard		Doubtful		Loss		Total
December 31, 2018
Commercial real estate loans	$	360,838	$	7,918	$	6,034	$	-	$	-	$	374,790
Commercial		109,966		82		494		-		-		110,542
Total	$	470,804	$	8,000	$	6,528	$	-	$	-	$	485,332

For residential real estate loans, construction loans and consumer loans, the Company evaluates credit quality based on the performance of the individual credits. Nonperforming loans include loans that have been placed on nonaccrual status and loans remaining in accrual status on which the contractual payment of principal and interest has become 90 days past due.

The following table presents the recorded investment in the loan classes based on payment activity as of December 31, 2019 and December 31, 2018 (in thousands):



	Performing		Nonperforming		Total
December 31, 2019
Residential real estate loans	$	229,214	$	567	$	229,781
Construction		17,732		-		17,732
Consumer loans to individuals		151,607		79		151,686
Total	$	398,553	$	646	$	399,199



	Performing		Nonperforming		Total
December 31, 2018
Residential real estate loans	$	234,725	$	798	$	235,523
Construction		17,445		-		17,445
Consumer loans to individuals		112,002		-		112,002
Total	$	364,172	$	798	$	364,970

Loan Portfolio Summarized by the Past Due Status



	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due and still accruing		Non-Accrual		Total Past Due and Non-Accrual		Total Loans
December 31, 2019
Real Estate loans
Residential	$	228,242	$	727	$	245	$	-	$	567	$	1,539	$	229,781
Commercial		388,117		176		2,935		-		99		3,210		391,327
Construction		17,695		-		37		-		-		37		17,732
Commercial loans		134,018		82		-		-		50		132		134,150
Consumer loans		151,309		233		65		-		79		377		151,686
Total	$	919,381	$	1,218	$	3,282	$	-	$	795	$	5,295	$	924,676



	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due and still accruing		Non-Accrual		Total Past Due and Non-Accrual		Total Loans
December 31, 2018
Real Estate loans
Residential	$	234,201	$	373	$	151	$	-	$	798	$	1,322	$	235,523
Commercial		372,617		1,043		788		-		342		2,173		374,790
Construction		17,445		-		-		-		-		-		17,445
Commercial loans		110,191		320		31		-		-		351		110,542
Consumer loans		111,796		171		35		-		-		206		112,002
Total	$	846,250	$	1,907	$	1,005	$	-	$	1,140	$	4,052	$	850,302

Allowance for Loan Losses and Recorded Investment in Financing Receivables

The following table presents the allowance for loan losses by the classes of the loan portfolio:



(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, December 31, 2018	$	1,328	$	5,455	$	93	$	712	$	864	$	8,452
Charge Offs		(102)		(627)		-		(284)		(420)		(1,433)
Recoveries		24		125		-		48		43		240
Provision for loan losses		302		(266)		2		473		739		1,250
Ending balance, December 31, 2019	$	1,552	$	4,687	$	95	$	949	$	1,226	$	8,509
Ending balance individually evaluated for impairment	$	-	$	417	$	-	$	-	$	-	$	417
Ending balance collectively evaluated for impairment	$	1,552	$	4,270	$	95	$	949	$	1,226	$	8,092



(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, December 31, 2017	$	1,272	$	5,265	$	90	$	463	$	544	$	7,634
Charge Offs		(197)		(283)		-		(246)		(263)		(989)
Recoveries		9		33		-		8		32		82
Provision for loan losses		244		440		3		487		551		1,725
Ending balance, December 31, 2018	$	1,328	$	5,455	$	93	$	712	$	864	$	8,452
Ending balance individually evaluated for impairment	$	-	$	-	$	-	$	-	$	-	$	-
Ending balance collectively evaluated for impairment	$	1,328	$	5,455	$	93	$	712	$	864	$	8,452