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Loans (Tables)

9 Months Ended

Sep. 30, 2019

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

	September 30, 2019			December 31, 2018
Mortgage loans on real estate:
Construction, land and land development	$	119,278		$	109,475
Commercial mortgages (non-owner occupied)		193,480			180,074
Commercial mortgages (owner occupied)		83,643			87,241
Residential first mortgages		301,185			298,894
Residential revolving and junior mortgages		33,694			38,313
Commercial and industrial		186,281			164,608
Consumer		14,471			23,740
Total loans		932,032			902,345
Net unamortized deferred loan fees		(269	)		(252	)
Allowance for loan losses		(7,495	)		(7,902	)
Loans receivable, net	$	924,268		$	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.

September 30, 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	$	30	$	—	$	692	$	722	$	118,556	$	119,278
Commercial mortgages (non-owner occupied)		74		—		433		507		192,973		193,480
Commercial mortgages (owner occupied)		232		—		380		612		83,031		83,643
Residential first mortgages		1,473		25		1,773		3,271		297,914		301,185
Residential revolving and junior mortgages		—		—		762		762		32,932		33,694
Commercial and industrial		76		—		2,874		2,950		183,331		186,281
Consumer		216		—		280		496		13,975		14,471
Total loans	$	2,101	$	25	$	7,194	$	9,320	$	922,712	$	932,032

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 Nine Months Ended
	September 30, 2019
Balance as of December 31, 2018	$	1,083
Accretion of acquisition accounting adjustment		(305	)
Reclassifications from nonaccretable balance, net		62
Other changes, net		153
Balance as of September 30, 2019	$	993

Internal Risk Ratings

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

September 30, 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
Rating:
Pass	$	117,219	$	192,922	$	82,738	$	297,409	$	32,878	$	182,195	$	14,177	$	919,538
Special mention		—		—		150		922		87		17		—		1,176
Substandard		2,059		558		755		2,854		729		4,069		294		11,318
Doubtful		—		—		—		—		—		—		—		—
Total loans	$	119,278	$	193,480	$	83,643	$	301,185	$	33,694	$	186,281	$	14,471	$	932,032

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
Rating:
Pass	$	107,306	$	178,936	$	85,897	$	295,372	$	37,206	$	162,392	$	23,389	$	890,498
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 included in the tables above, as of the dates stated.

September 30, 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	$	—	$	—	$	—	$	—	$	1,368	$	1,368
Commercial mortgages (non-owner occupied)		—		—		—		—		125		125
Commercial mortgages (owner occupied)		—		—		—		—		265		265
Residential first mortgages		—		25		—		25		3,092		3,117
Residential revolving and junior mortgages		—		—		—		—		—		—
Commercial and industrial		—		—		—		—		—		—
Consumer		—		—		—		—		43		43
Total purchased credit-impaired loans	$	—	$	25	$	—	$	25	$	4,893	$	4,918

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