XML 33 R13.htm IDEA: XBRL DOCUMENT v3.20.1
Loans And Leases
12 Months Ended
Dec. 31, 2019
Loans And Leases [Abstract]  
Loans And Leases



NOTE 4 – LOANS AND LEASES

The following table presents the recorded investment in loans and leases by portfolio segment.  The recorded investment in loans and leases includes the principal balance outstanding adjusted for purchase premiums and discounts, and deferred loan fees and costs.



 

 

 

 

 



 

 

 

 

 



December 31, 2019

 

December 31, 2018

Commercial (1)

$

170,646 

 

$

126,887 

Real estate:

 

 

 

 

 

Single-family residential

 

120,256 

 

 

118,386 

Multi-family residential

 

39,229 

 

 

47,651 

Commercial

 

247,543 

 

 

173,435 

Construction

 

67,652 

 

 

61,792 

Consumer:

 

 

 

 

 

Home equity lines of credit

 

20,941 

 

 

23,961 

Other

 

4,174 

 

 

5,583 

Subtotal

 

670,441 

 

 

557,695 

Less: ALLL

 

(7,138)

 

 

(7,012)

Loans and Leases, net

$

663,303 

 

$

550,683 



(1)

Includes $4,779 and $5,403 of commercial leases at December 31, 2019 and December 31, 2018, respectively.



Mortgage Purchase Program:

CFBank has participated in a Mortgage Purchase Program with Northpointe Bank (Northpointe), a Michigan banking corporation, since December 2012.  Pursuant to the terms of a participation agreement, CFBank purchases participation interests in loans made by Northpointe related to fully underwritten and pre-sold mortgage loans originated by various prescreened mortgage brokers located throughout the U.S.  The underlying loans are individually (MERS) registered loans which are held until funded by the end investor. The mortgage loan investors include Fannie Mae and Freddie Mac, and other major financial institutions.  This process on average takes approximately 14 days.  Given the short-term holding period of the underlying loans, common credit risks (such as past due, impairment and TDR, nonperforming, and nonaccrual classification) are substantially reduced.  Therefore, no allowance is allocated by CFBank to these loans.  These loans are 100% risk rated for CFBank capital adequacy purposes.  Under the participation agreement, CFBank agrees to purchase a 95% ownership/participation interest in each of the aforementioned loans, and Northpointe maintains a 5% ownership interest in each loan it participates.  At December 31, 2019 and 2018, CFBank held $26,046 and $36,845, respectively, of such loans which have been included in single-family residential loan totals above.

Allowance for Loan and Lease Losses:

The ALLL is a valuation allowance for probable incurred credit losses in the loan and lease portfolio based on management’s evaluation of various factors including past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions and other factors. A provision for loan and lease losses is charged to operations based on management’s periodic evaluation of these and other pertinent factors described in Note 1 of the Notes to Consolidated Financial Statements.

The following tables present the activity in the ALLL by portfolio segment for the years ended December 31, 2019 and 2018:



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2019



 

 

 

Real Estate

 

 

 

 

Consumer

 

 

 



Commercial

 

Single-family

 

Multi-family

 

Commercial

 

Construction

 

Home Equity lines of credit

 

Other

 

Total

Beginning balance

$

1,819 

 

$

1,061 

 

$

612 

 

$

2,274 

 

$

739 

 

$

410 

 

$

97 

 

$

7,012 

Addition to (reduction in)
provision for loan losses

 

235 

 

 

(120)

 

 

(165)

 

 

225 

 

 

20 

 

 

(195)

 

 

-  

 

 

-  

Charge-offs

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

(36)

 

 

(36)

Recoveries

 

-  

 

 

 

 

-  

 

 

105 

 

 

-  

 

 

50 

 

 

-  

 

 

162 

Ending balance

$

2,054 

 

$

948 

 

$

447 

 

$

2,604 

 

$

759 

 

$

265 

 

$

61 

 

$

7,138 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2018



 

 

 

Real Estate

 

 

 

 

Consumer

 

 

 



Commercial

 

Single-family

 

Multi-family

 

Commercial

 

Construction

 

Home Equity lines of credit

 

Other

 

Total

Beginning balance

$

1,984 

 

$

912 

 

$

660 

 

$

2,143 

 

$

672 

 

$

597 

 

$

 

$

6,970 

Addition to (reduction in)
provision for loan losses

 

(167)

 

 

131 

 

 

(48)

 

 

131 

 

 

67 

 

 

(209)

 

 

95 

 

 

-  

Charge-offs

 

-  

 

 

(6)

 

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

(6)

Recoveries

 

 

 

24 

 

 

-  

 

 

-  

 

 

-  

 

 

22 

 

 

-  

 

 

48 

Ending balance

$

1,819 

 

$

1,061 

 

$

612 

 

$

2,274 

 

$

739 

 

$

410 

 

$

97 

 

$

7,012 





The following table presents the balance in the ALLL and the recorded investment in loans and leases by portfolio segment and based on impairment method as of December 31, 2019:



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

Real Estate

 

 

 

 

Consumer

 

 

 

 



 

Commercial

 

Single-
family

 

Multi-
family

 

Commercial

 

Construction

 

Home Equity
lines of credit

 

Other

 

Total

 

ALLL:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending allowance balance attributable to loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

 

$

 

$

-  

 

$

33 

 

$

-  

 

$

-  

 

$

-  

 

$

35 

 

Collectively evaluated for impairment

 

 

2,053 

 

 

947 

 

 

447 

 

 

2,571 

 

 

759 

 

 

265 

 

 

61 

 

 

7,103 

 

Total ending allowance balance

 

$

2,054 

 

$

948 

 

$

447 

 

$

2,604 

 

$

759 

 

$

265 

 

$

61 

 

$

7,138 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

85 

 

$

107 

 

$

-  

 

$

4,420 

 

$

-  

 

$

-  

 

$

-  

 

$

4,612 

 

Collectively evaluated for impairment

 

 

170,561 

 

 

120,149 

 

 

39,229 

 

 

243,123 

 

 

67,652 

 

 

20,941 

 

 

4,174 

 

 

665,829 

 

Total ending loan balance

 

$

170,646 

 

$

120,256 

 

$

39,229 

 

$

247,543 

 

$

67,652 

 

$

20,941 

 

$

4,174 

 

$

670,441 

 





The following table presents the balance in the ALLL and the recorded investment in loans and leases by portfolio segment and based on impairment method as of December 31, 2018:



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

Real Estate

 

 

 

 

Consumer

 

 

 



 

Commercial

 

Single-
family

 

Multi-
family

 

Commercial

 

Construction

 

Home Equity
lines of credit

 

Other

 

Total

ALLL:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending allowance balance attributable to loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

$

-  

 

$

-  

 

$

-  

 

$

22 

 

$

-  

 

$

-  

 

$

-  

 

$

22 

Collectively evaluated for impairment

 

 

1,819 

 

 

1,061 

 

 

612 

 

 

2,252 

 

 

739 

 

 

410 

 

 

97 

 

 

6,990 

Total ending allowance balance

 

$

1,819 

 

$

1,061 

 

$

612 

 

$

2,274 

 

$

739 

 

$

410 

 

$

97 

 

$

7,012 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

 

 

100 

 

$

110 

 

$

-  

 

$

2,951 

 

$

-  

 

$

-  

 

$

-  

 

$

3,161 

Collectively evaluated for impairment

 

 

126,787 

 

 

118,276 

 

 

47,651 

 

 

170,484 

 

 

61,792 

 

 

23,961 

 

 

5,583 

 

 

554,534 

Total ending loan balance

 

$

126,887 

 

$

118,386 

 

$

47,651 

 

$

173,435 

 

$

61,792 

 

$

23,961 

 

$

5,583 

 

$

557,695 



The following table presents loans individually evaluated for impairment by class of loans as of and for the year ended December 31, 2019. The unpaid principal balance is the contractual principal balance outstanding. The recorded investment is the unpaid principal balance adjusted for partial charge-offs, purchase premiums and discounts, deferred loan fees and costs. Cash payments of interest on these loans during the twelve months ended December 31, 2019 totaled $168.



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Unpaid Principal Balance

 

Recorded Investment

 

ALLL Allocated

 

Average Recorded Investment

 

Interest Income Recognized

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

$

-  

 

$

-  

 

$

-  

 

$

111 

 

$

Total with no allowance recorded

 

-  

 

 

-  

 

 

-  

 

 

111 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

85 

 

 

85 

 

 

 

 

92 

 

 

-  

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Single-family residential

 

107 

 

 

107 

 

 

 

 

108 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-owner occupied

 

4,420 

 

 

4,420 

 

 

33 

 

 

4,194 

 

 

154 

Total with an allowance recorded

 

4,612 

 

 

4,612 

 

 

35 

 

 

4,394 

 

 

160 

Total

$

4,612 

 

$

4,612 

 

$

35 

 

$

4,505 

 

$

166 





The following table presents loans individually evaluated for impairment by class of loans as of and for the year ended December 31, 2018. The unpaid principal balance is the contractual principal balance outstanding. The recorded investment is the unpaid principal balance adjusted for partial charge-offs, purchase premiums and discounts, deferred loan fees and costs. Cash payments of interest on these loans during the twelve months ended December 31, 2018 totaled $192.



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Unpaid Principal Balance

 

Recorded Investment

 

ALLL Allocated

 

Average Recorded Investment

 

Interest Income Recognized

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owner occupied

$

379 

 

$

125 

 

$

-  

 

$

130 

 

$

21 

Total with no allowance recorded

 

379 

 

 

125 

 

 

-  

 

 

130 

 

 

21 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial (1)

 

100 

 

 

100 

 

 

-  

 

 

185 

 

 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Single-family residential (1)

 

110 

 

 

110 

 

 

-  

 

 

113 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-owner occupied

 

2,826 

 

 

2,826 

 

 

22 

 

 

2,837 

 

 

157 

Owner occupied

 

-  

 

 

-  

 

 

-  

 

 

131 

 

 

Total with an allowance recorded

 

3,036 

 

 

3,036 

 

 

22 

 

 

3,266 

 

 

174 

Total

$

3,415 

 

$

3,161 

 

$

22 

 

$

3,396 

 

$

195 



(1)

Allowance recorded is less than $1 resulting in rounding to zero



The following table presents the recorded investment in nonperforming loans by class of loans as of December 31, 2019 and 2018:



 

 

 

 

 



2019

 

2018

Loans past due over 90 days still on accrual

$

-  

 

$

-  

Nonaccrual loans:

 

 

 

 

 

Commercial

 

85 

 

 

100 

Real estate:

 

 

 

 

 

Single-family residential

 

550 

 

 

167 

Commercial:

 

 

 

 

 

Non-owner occupied

 

1,689 

 

 

-  

Consumer:

 

 

 

 

 

Home equity lines of credit:

 

 

 

 

 

Originated for portfolio

 

36 

 

 

-  

Purchased for portfolio

 

79 

 

 

89 

Other consumer

 

-  

 

 

21 

Total nonaccrual

 

2,439 

 

 

377 

Total nonperforming loans

$

2,439 

 

$

377 



Nonaccrual loans include both single-family mortgage and consumer loans that are collectively evaluated for impairment and individually classified impaired loans. There were no loans 90 days or more past due and still accruing interest at December 31, 2019 or December 31, 2018.

The following table presents the aging of the recorded investment in past due loans and leases by class of loans as of December 31, 2019:



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



30 - 59 Days Past Due

 

60 - 89 Days Past Due

 

Greater than 90 Days Past Due

 

Total Past Due

 

Loans Not Past Due

 

Nonaccrual Loans Not > 90 days Past Due

Commercial

$

-  

 

$

71 

 

$

-  

 

$

71 

 

$

170,575 

 

$

85 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Single-family residential

 

2,453 

 

 

261 

 

 

426 

 

 

3,140 

 

 

117,116 

 

 

124 

Multi-family residential

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

39,229 

 

 

-  

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-owner occupied

 

-  

 

 

-  

 

 

1,689 

 

 

1,689 

 

 

138,762 

 

 

-  

Owner occupied

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

81,871 

 

 

-  

Land

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

25,221 

 

 

-  

Construction

 

304 

 

 

-  

 

 

-  

 

 

304 

 

 

67,348 

 

 

-  

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity lines of credit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Originated for portfolio

 

-  

 

 

-  

 

 

22 

 

 

22 

 

 

20,713 

 

 

14 

Purchased for portfolio

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

206 

 

 

79 

Other

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

4,174 

 

 

-  

Total

$

2,757 

 

$

332 

 

$

2,137 

 

$

5,226 

 

$

665,215 

 

$

302 





The following table presents the aging of the recorded investment in past due loans and leases by class of loans as of December 31, 2018:



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



30 - 59 Days Past Due

 

60 - 89 Days Past Due

 

Greater than 90 Days Past Due

 

Total Past Due

 

Loans Not Past Due

 

Nonaccrual Loans Not > 90 days Past Due

Commercial

$

-  

 

$

-  

 

$

-  

 

$

-  

 

$

126,887 

 

$

100 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Single-family residential

 

597 

 

 

-  

 

 

23 

 

 

620 

 

 

117,766 

 

 

144 

Multi-family residential

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

47,651 

 

 

-  

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-owner occupied

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

122,465 

 

 

-  

Owner occupied

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

43,087 

 

 

-  

Land

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

7,883 

 

 

-  

Construction

 

-  

 

 

-  

 

 

-  

 

 

-  

 

 

61,792 

 

 

-  

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home equity lines of credit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Originated for portfolio

 

474 

 

 

-  

 

 

-  

 

 

474 

 

 

23,119 

 

 

-  

Purchased for portfolio

 

-  

 

 

33 

 

 

-  

 

 

33 

 

 

335 

 

 

89 

Other

 

-  

 

 

-  

 

 

21 

 

 

21 

 

 

5,562 

 

 

-  

Total

$

1,071 

 

$

33 

 

$

44 

 

$

1,148 

 

$

556,547 

 

$

333 



Troubled Debt Restructurings (TDRs):

From time to time, the terms of certain loans are modified as TDRs, where concessions are granted to borrowers experiencing financial difficulties. The modification of the terms of such loans may have included one or a combination of the following: a reduction of the stated interest rate of the loan; an increase in the stated rate of interest lower than the current market rate for new debt with similar risk; an extension of the maturity date; or a change in the payment terms.

As of December 31, 2019 and December 31, 2018, TDR’s totaled $2,923 and $3,161, respectively.  The Company allocated $22 and $22 of specific reserves to loans modified in TDRs as of December 31, 2019 and 2018, respectively. The Company had not committed to lend any additional amounts as of December 31, 2019 or 2018 to customers with outstanding loans that were classified as nonaccrual TDRs.

There were no loans modified as a TDR during the years ended December 31, 2019 and December 31, 2018. 

The TDRs described above resulted in no charge-offs during the years ended December 31, 2019 and December 31, 2018.

There were no TDR’s that went into payment default during the years ended December 31, 2019 and December 31, 2018.  

The terms of certain other loans were modified during the years ended December 31, 2019 and 2018 that did not meet the definition of a TDR. These loans had a total recorded investment of $56,676 and $64,898 as of December 31, 2019 and 2018, respectively.  The modification of these loans involved either a modification of the terms of a loan to borrowers who were not experiencing financial difficulties, a delay in a payment that was considered to be insignificant or there were no concessions granted.

In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s internal underwriting policy.

Nonaccrual loans include loans that were modified and identified as TDRs and the loans are not performing.  At December 31, 2019 and 2018, nonaccrual TDRs were as follows: 



 

 

 

 

 



 

 

 

 

 



 

 

 



2019

 

2018

Commercial

$

85 

 

$

100 

Total

$

85 

 

$

100 



Nonaccrual loans at December 31, 2019 and 2018 did not include $2,838 and $3,061, respectively, of TDRs where customers have established a sustained period of repayment performance, generally six months, the loans are current according to their modified terms and repayment of the remaining contractual payments is expected.  These loans are included in total impaired loans.

Credit Quality Indicators:

The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors.  Management analyzes loans individually by classifying the loans as to credit risk.  This analysis includes commercial, commercial real estate and multi-family residential real estate loans.  Internal loan reviews for these loan types are performed at least annually, and more often for loans with higher credit risk. Adjustments to loan risk ratings are based on the reviews and at any time information is received that may affect risk ratings.  The following definitions are used for risk ratings:

Special Mention.  Loans classified as special mention have a potential weakness that deserves management’s close attention.  If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of CFBank’s credit position at some future date.

Substandard.  Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any.  Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt.  They are characterized by the distinct possibility that there will be some loss if the deficiencies are not corrected.

Doubtful.  Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, condition and values, highly questionable and improbable.

Loans not meeting the criteria to be classified into one of the above categories are considered to be not rated or pass-rated loans.  Loans listed as not rated are included in groups of homogeneous loans.  Past due information is the primary credit indicator for groups of homogenous loans.  Loans listed as pass-rated loans are loans that are subject to internal loan reviews and are determined not to meet the criteria required to be classified as special mention, substandard, doubtful or loss.



The recorded investment in loans and leases by risk category and by class of loans as of December 31, 2019 and based on the most recent analysis performed follows.  There were no loans rated doubtful at December 31, 2019. 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Not Rated

 

Pass

 

Special Mention

 

Substandard

 

Total

Commercial

$

-  

 

$

168,617 

 

$

1,424 

 

$

605 

 

$

170,646 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Single-family residential

 

119,707 

 

 

-  

 

 

-  

 

 

549 

 

 

120,256 

    Multi-family residential

 

-  

 

 

39,081 

 

 

-  

 

 

148 

 

 

39,229 

    Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

        Non-owner occupied

 

67 

 

 

134,466 

 

 

1,498 

 

 

4,420 

 

 

140,451 

        Owner occupied

 

-  

 

 

79,773 

 

 

2,098 

 

 

-  

 

 

81,871 

        Land

 

-  

 

 

25,221 

 

 

-  

 

 

-  

 

 

25,221 

    Construction

 

1,855 

 

 

65,797 

 

 

-  

 

 

-  

 

 

67,652 

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Home equity lines of credit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

        Originated for portfolio

 

20,681 

 

 

-  

 

 

-  

 

 

54 

 

 

20,735 

        Purchased for portfolio

 

127 

 

 

-  

 

 

-  

 

 

79 

 

 

206 

    Other

 

4,174 

 

 

-  

 

 

-  

 

 

-  

 

 

4,174 



$

146,611 

 

$

512,955 

 

$

5,020 

 

$

5,855 

 

$

670,441 





The recorded investment in loans and leases by risk category and class of loans as of December 31, 2018 follows.  There were no loans rated doubtful at December 31, 2018.



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Not Rated

 

Pass

 

Special Mention

 

Substandard

 

Total

Commercial

$

-  

 

$

123,369 

 

$

2,651 

 

$

867 

 

$

126,887 

Real estate:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Single-family residential

 

118,219 

 

 

-  

 

 

-  

 

 

167 

 

 

118,386 

    Multi-family residential

 

-  

 

 

47,072 

 

 

425 

 

 

154 

 

 

47,651 

    Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

        Non-owner occupied

 

76 

 

 

119,843 

 

 

1,701 

 

 

845 

 

 

122,465 

        Owner occupied

 

-  

 

 

39,747 

 

 

2,252 

 

 

1,088 

 

 

43,087 

        Land

 

-  

 

 

7,883 

 

 

-  

 

 

-  

 

 

7,883 

    Construction

 

3,279 

 

 

58,513 

 

 

-  

 

 

-  

 

 

61,792 

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Home equity lines of credit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

        Originated for portfolio

 

23,525 

 

 

-  

 

 

-  

 

 

68 

 

 

23,593 

        Purchased for portfolio

 

279 

 

 

-  

 

 

-  

 

 

89 

 

 

368 

    Other

 

5,562 

 

 

-  

 

 

-  

 

 

21 

 

 

5,583 



$

150,940 

 

$

396,427 

 

$

7,029 

 

$

3,299 

 

$

557,695 

 

Leases:

The following lists the components of the net investment in direct financing leases (1):





 

 

 

 

 



December 31, 2019

 

December 31, 2018

Total minimum lease payments to be received

$

5,252 

 

$

6,045 

Less: unearned income

 

(473)

 

 

(642)

Net investment in direct financing leases

$

4,779 

 

$

5,403 



(1)

There were no initial direct costs associated with these leases



The following summarizes the future minimum lease payments receivable in subsequent fiscal years:





 

 

 

2020

 

$

793 

2021

 

 

793 

2022

 

 

793 

2023

 

 

1,563 

2024

 

 

1,310 



 

$

5,252