Loans (Tables)

6 Months Ended

Jun. 30, 2017

Summary of Balances of Loans

The following is a summary of the balances of loans:

(Dollars in thousands)	June 30, 2017			December 31, 2016
Mortgage loans on real estate:
Construction, Land and Land Development	$	57,891		$	39,818
Farmland		966			1,023
Commercial Mortgages (Non-Owner Occupied)		80,240			35,343
Commercial Mortgages (Owner Occupied)		73,981			41,825
Residential First Mortgages		260,074			194,007
Residential Revolving and Junior Mortgages		49,306			26,425
Commercial and Industrial loans		85,939			43,024
Consumer loans		41,229			3,544
Total loans		649,626			385,009
Net unamortized deferred loan costs		316			391
Allowance for loan losses		(4,241	)		(3,863	)
Loans, net	$	645,701		$	381,537

Recorded Investment in Past Due and Non-accruing Loans

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. PCI loans are included in the aging schedule as current because they are considered to be accruing due to the existence of the accretable yield and not based on consideration given to contractual interest payments.

(Dollars in thousands) June 30, 2017	30-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccruals		Total Past Due and Nonaccruals		Current		Total Loans
Mortgage Loans on Real Estate:
Construction, Land and Land Development	$	93	$	—	$	542	$	635	$	57,256	$	57,891
Farmland		—		—		—		—		966		966
Commercial Mortgages (Non-Owner Occupied)		454		—		—		454		79,786		80,240
Commercial Mortgages (Owner Occupied)		—		—		1,747		1,747		72,234		73,981
Residential First Mortgages		236		—		1,941		2,177		257,897		260,074
Residential Revolving and Junior Mortgages		43		—		956		999		48,307		49,306
Commercial and Industrial		—		—		110		110		85,829		85,939
Consumer loans		436		—		66		502		40,727		41,229
Total	$	1,262	$	—	$	5,362	$	6,624	$	643,002	$	649,626
December 31, 2016	30-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccruals		Total Past Due and Nonaccruals		Current		Total Loans
Mortgage Loans on Real Estate:
Construction, Land and Land Development	$	—	$	—	$	623	$	623	$	39,195	$	39,818
Farmland		57		—		—		57		966		1,023
Commercial Mortgages (Non-Owner Occupied)		—		—		—		—		35,343		35,343
Commercial Mortgages (Owner Occupied)		188		—		2,270		2,458		39,367		41,825
Residential First Mortgages		1,546		—		2,155		3,701		190,306		194,007
Residential Revolving and Junior Mortgages		480		—		160		640		25,785		26,425
Commercial and Industrial		408		—		92		500		42,524		43,024
Consumer loans		—		—		—		—		3,544		3,544
Total	$	2,679	$	—	$	5,300	$	7,979	$	377,030	$	385,009

Purchased Impaired Loans

Recorded Investment in Past Due and Non-accruing Loans

The following table includes an aging analysis, based upon contractual terms, of the recorded investment of PCI loans as of June 30, 2017, included in the table above.

(Dollars in thousands) June 30, 2017	30-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccruals		Total Past Due and Nonaccruals		Current		Total PCI Loans
Mortgage Loans on Real Estate:
Construction, Land and Land Development	$	—	$	—	$	—	$	—	$	1,421	$	1,421
Commercial Mortgages (Non-Owner Occupied)		—		—		—		—		187		187
Commercial Mortgages (Owner Occupied)		—		182		—		182		173		355
Residential First Mortgages		24		206		—		230		3,665		3,895
Residential Revolving and Junior Mortgages		—		20		—		20		34		54
Consumer loans		5		—		—		5		73		78
Total	$	29	$	408	$	—	$	437	$	5,553	$	5,990