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Loans (Tables)

3 Months Ended

Mar. 31, 2019

The following table presents a summary of loans as of the dates stated.

	March 31, 2019			December 31, 2018
Mortgage loans on real estate:
Construction, land and land development	$	117,502		$	109,475
Commercial mortgages (non-owner occupied)		180,007			180,074
Commercial mortgages (owner occupied)		88,644			87,241
Residential first mortgages		303,090			298,894
Residential revolving and junior mortgages		36,251			38,313
Commercial and industrial		173,360			164,608
Consumer		20,095			23,740
Total loans		918,949			902,345
Net unamortized deferred loan (fees)		(329	)		(252	)
Allowance for loan losses		(7,858	)		(7,902	)
Loans receivable, net	$	910,762		$	894,191

Recorded Investment for Past Due and Non-accruing Loans

The following tables present the recorded investment for past due, based upon contractual terms, and nonaccrual loans as of the dates stated. A loan past due 90 days or more is generally placed on nonaccrual unless it is both well secured and in the process of collection. Loans presented below as 90 days or more past due and still accruing include purchased credit-impaired (“PCI”) loans.

March 31, 2019	30-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccrual		Total Past Due and Nonaccrual		Current		Total Loans
Mortgage loans on real estate:
Construction, land and land development	$	137	$	—	$	914	$	1,051	$	116,451	$	117,502
Commercial mortgages (non-owner occupied)		—		—		435		435		179,572		180,007
Commercial mortgages (owner occupied)		1,573		23		1,060		2,656		85,988		88,644
Residential first mortgages		2,735		24		1,846		4,605		298,485		303,090
Residential revolving and junior mortgages		179		—		803		982		35,269		36,251
Commercial and industrial		—		—		—		—		173,360		173,360
Consumer		310		—		326		636		19,459		20,095
Total loans	$	4,934	$	47	$	5,384	$	10,365	$	908,584	$	918,949

December 31, 2018	30-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccrual		Total Past Due and Nonaccrual		Current		Total Loans
Mortgage loans on real estate:
Construction, land and land development	$	552	$	—	$	740	$	1,292	$	108,183	$	109,475
Commercial mortgages (non-owner occupied)		50		—		996		1,046		179,028		180,074
Commercial mortgages (owner occupied)		—		56		1,064		1,120		86,121		87,241
Residential first mortgages		1,341		55		1,361		2,757		296,137		298,894
Residential revolving and junior mortgages		115		—		782		897		37,416		38,313
Commercial and industrial		—		—		48		48		164,560		164,608
Consumer		329		—		215		544		23,196		23,740
Total loans	$	2,387	$	111	$	5,206	$	7,704	$	894,641	$	902,345

Schedule of Changes in Accretable Yield for PCI Loans

The following table presents the changes in accretable yield for PCI loans for the period stated.

	For the Three Months Ended
	March 31, 2019
Balance as of December 31, 2018	$	1,083
Accretion of acquisition accounting adjustment		(86	)
Reclassifications from nonaccretable balance, net		45
Other changes, net		65
Balance as of March 31, 2019	$	1,107

Internal Risk Rating Grades

The following tables present the Company’s risk rating of loans by loan type as of the dates stated.

March 31, 2019	Construction, Land and Land Development		Commercial Mortgages (Non-Owner Occupied)		Commercial Mortgages (Owner Occupied)		Residential First Mortgages		Residential Revolving and Junior Mortgages		Commercial and Industrial		Consumer		Total Loans
Grade:
Pass	$	108,907	$	176,780	$	78,620	$	285,717	$	34,218	$	167,408	$	6,306	$	857,956
Watch		6,236		2,657		8,644		14,049		905		4,587		13,447		50,525
Special mention		67		—		158		454		—		—		—		679
Substandard		2,292		570		1,222		2,870		1,128		1,365		342		9,789
Doubtful		—		—		—		—		—		—		—		—
Total loans	$	117,502	$	180,007	$	88,644	$	303,090	$	36,251	$	173,360	$	20,095	$	918,949

December 31, 2018	Construction, Land and Land Development		Commercial Mortgages (Non-Owner Occupied)		Commercial Mortgages (Owner Occupied)		Residential First Mortgages		Residential Revolving and Junior Mortgages		Commercial and Industrial		Consumer		Total Loans
Grade:
Pass	$	101,007	$	174,661	$	79,375	$	280,663	$	35,900	$	158,590	$	8,144	$	838,340
Watch		6,299		4,275		6,522		14,709		1,306		3,802		15,245		52,158
Special mention		68		—		107		1,071		—		893		121		2,260
Substandard		2,101		1,138		1,237		2,451		1,107		1,323		230		9,587
Doubtful		—		—		—		—		—		—		—		—
Total loans	$	109,475	$	180,074	$	87,241	$	298,894	$	38,313	$	164,608	$	23,740	$	902,345

PCI Loans

Recorded Investment for Past Due and Non-accruing Loans

The following tables include an aging analysis, based upon contractual terms, of the recorded investment of PCI loans as of the dates stated, included in the tables above.

March 31, 2019	30-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccrual		Total Past Due and Nonaccrual		Current		Total PCI Loans
Mortgage loans on real estate:
Construction, land and land development	$	23	$	—	$	—	$	23	$	1,348	$	1,371
Commercial mortgages (non-owner occupied)		—		—		—		—		135		135
Commercial mortgages (owner occupied)		26		23		—		49		232		281
Residential first mortgages		257		24		—		281		3,154		3,435
Residential revolving and junior mortgages		—		—		—		—		—		—
Commercial and industrial		—		—		—		—		—		—
Consumer		—		—		—		—		48		48
Total purchased credit-impaired loans	$	306	$	47	$	—	$	353	$	4,917	$	5,270

December 31, 2018	30-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccrual		Total Past Due and Nonaccrual		Current		Total PCI Loans
Mortgage loans on real estate:
Construction, land and land development	$	23	$	—	$	—	$	23	$	1,355	$	1,378
Commercial mortgages (non-owner occupied)		—		—		—		—		142		142
Commercial mortgages (owner occupied)		—		56		—		56		237		293
Residential first mortgages		92		55		—		147		3,317		3,464
Residential revolving and junior mortgages		—		—		—		—		—		—
Commercial and industrial		—		—		—		—		—		—
Consumer		—		—		—		—		46		46
Total purchased credit-impaired loans	$	115	$	111	$	—	$	226	$	5,097	$	5,323