Loans

9 Months Ended

Sep. 30, 2015

Loans

Note 5: Loans

The following is a summary of the balances of loans:

(Dollars in thousands)	September 30, 2015			December 31, 2014
Mortgage loans on real estate:
Construction, Land and Land Development	$	44,571		$	43,048
Farmland		1,054			1,128
Commercial Mortgages (Non-Owner Occupied)		23,799			20,534
Commercial Mortgages (Owner Occupied)		41,723			33,326
Residential First Mortgages		156,004			135,267
Residential Revolving and Junior Mortgages		26,579			25,400
Commercial and Industrial loans		33,636			34,002
Consumer Loans		4,907			5,349
Total loans		332,273			298,054
Net unamortized deferred loans costs		332			393
Allowance for loan losses		(3,374	)		(3,205	)
Loans, net	$	329,231		$	295,242

The recorded investment in past due and non-accruing loans is shown in the following table. A loan past due by more than 90 days is generally placed on nonaccrual unless it is both well secured and in the process of collection.

(Dollars in thousands) Loans Past Due and Nonaccruals September 30, 2015	30-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccruals		Total Past Due and Nonaccruals		Current		Total Loans
Construction, Land and Land Development	$	129	$	—	$	811	$	940	$	43,631	$	44,571
Farmland		—		—		—		—		1,054		1,054
Commercial Mortgages (Non-Owner Occupied)		—		—		—		—		23,799		23,799
Commercial Mortgages (Owner Occupied)		245		—		1,507		1,752		39,971		41,723
Residential First Mortgages		610		393		861		1,864		154,140		156,004
Residential Revolving and Junior Mortgages		54		72		45		171		26,408		26,579
Commercial and Industrial		—		—		121		121		33,515		33,636
Consumer Loans		17		12		12		41		4,866		4,907
Total	$	1,055	$	477	$	3,357	$	4,889	$	327,384	$	332,273

Loans Past Due and Nonaccruals December 31, 2014	30-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccruals		Total Past Due and Nonaccruals		Current		Total Loans
Construction, Land and Land Development	$	64	$	—	$	669	$	733	$	42,315	$	43,048
Farmland		—		—		—		—		1,128		1,128
Commercial Mortgages (Non-Owner Occupied)		—		—		—		—		20,534		20,534
Commercial Mortgages (Owner Occupied)		—		—		566		566		32,760		33,326
Residential First Mortgages		1,270		—		359		1,629		133,638		135,267
Residential Revolving and Junior Mortgages		6		—		31		37		25,363		25,400
Commercial and Industrial		96		—		228		324		33,678		34,002
Consumer Loans		66		14		101		181		5,168		5,349
Total	$	1,502	$	14	$	1,954	$	3,470	$	294,584	$	298,054