Loans and Allowance (Tables)

12 Months Ended

Dec. 31, 2016

Loans and Allowance [Abstract]

Schedule of Classes of Loans

Classes of loans at December 31, 2016 and 2015 include:

	December 31,
	2016		2015
Real estate
Commercial	$	302,577	$	236,895
Commercial construction and development		22,453		15,744
Consumer closed end first mortgage		478,848		491,451
Consumer open end and junior liens		71,222		70,990
		875,100		815,080
Other loans
Consumer loans
Auto		18,939		15,480
Boat/RVs		141,602		123,621
Other		5,892		6,171
Commercial and industrial		131,103		123,043
		297,536		268,315
Total loans		1,172,636		1,083,395
Undisbursed loans in process		(8,691)		(7,432)
Unamortized deferred loan costs, net		5,557		4,882
Allowance for loan losses		(12,382)		(12,641)
Net loans	$	1,157,120	$	1,068,204

Non-Accrual Loans Segregated by Class of Loans

Year-end non-accrual loans, segregated by class of loans, were as follows:

	December 31,
	2016		2015
Real estate
Commercial	$	912	$	2,356
Commercial construction and development		-		-
Consumer closed end first mortgage		3,626		3,592
Consumer open end and junior liens		335		783
Consumer loans
Auto		5		-
Boat/RVs		224		81
Other		24		67
Commercial and industrial		18		25
	$	5,144	$	6,904

Age Analysis of Past Due Loans Segregated by Class of Loans

An age analysis of the Company’s past due loans, segregated by class of loans, as of December 31, 2016 and 2015are as follows:

	December 31, 2016
		30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans Receivable		Total Loans 90 Days and Accruing
Real estate
Commercial	$	854	$	142	$	785	$	1,781	$	300,796	$	302,577	$
Commercial construction and development		-		-		-		-		22,453		22,453
Consumer closed end first mortgage		6,789		1,554		3,675		12,018		466,830		478,848		237
Consumer open end and junior liens		512		166		304		982		70,240		71,222
Consumer loans
Auto		103		25		5		133		18,806		18,939
Boat/RVs		1,376		305		213		1,894		139,708		141,602
Other		89		26		13		128		5,764		5,892
Commercial and industrial		497		32		8		537		130,566		131,103
	$	10,220	$	2,250	$	5,003	$	17,473	$	1,155,163	$	1,172,636	$	237

	December 31, 2015
		30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans Receivable		Total Loans 90 Days and Accruing
Real estate
Commercial	$	922	$	20	$	2,212	$	3,154	$	233,741	$	236,895	$	-
Commercial construction and development		-		-		-		-		15,744		15,744		-
Consumer closed end first mortgage		7,272		1,328		3,091		11,691		479,760		491,451		267
Consumer open end and junior liens		296		187		765		1,248		69,742		70,990		-
Consumer loans
Auto		89		-		-		89		15,391		15,480		-
Boat/RVs		1,135		102		71		1,308		122,313		123,621		-
Other		89		14		62		165		6,006		6,171		-
Commercial and industrial		192		383		5		580		122,463		123,043		-
	$	9,995	$	2,034	$	6,206	$	18,235	$	1,065,160	$	1,083,395	$	267

Impaired Loans

The following tables present impaired loans for the years ended December 31, 2016, 2015 and 2014:

	December 31, 2016
	Recorded Balance		Unpaid Principal Balance		Specific Allowance		Average Investment in Impaired Loans		Interest Income Recognized
Loans without a specific valuation allowance
Real estate
Commercial	$	665	$	665	$	-	$	2,207	$	68
Commercial construction and development		822		822		-		874		40
Consumer closed end first mortgage		1,869		1,869		-		1,328		-
Consumer open end and junior liens		-		-		-		193		-
Commercial and industrial		187		187		-		204		1
Loans with a specific valuation allowance
Real estate
Commercial		214		214		100		416		-
Total
Real estate
Commercial	$	879	$	879	$	100	$	2,623	$	68
Commercial construction and development	$	822	$	822	$	-	$	874	$	40
Consumer closed end first mortgage	$	1,869	$	1,869	$	-	$	1,328	$	-
Consumer open end and junior liens	$	-	$	-	$	-	$	193	$	-
Commercial and industrial	$	187	$	187	$	-	$	204	$	1
Total	$	3,757	$	3,757	$	100	$	5,222	$	109

	December 31, 2015
	Recorded Balance		Unpaid Principal Balance		Specific Allowance		Average Investment in Impaired Loans		Interest Income Recognized
Loans without a specific valuation allowance
Real estate
Commercial	$	3,608	$	3,608	$	-	$	4,115	$	172
Commercial construction and development		595		595		-		735		31
Consumer closed end first mortgage		1,126		1,126		-		1,131		-
Consumer open end and junior liens		481		481		-		381		-
Commercial and industrial		214		214		-		423		2
Loans with a specific valuation allowance
Real estate
Commercial		676		676		100		793		20
Total
Real estate
Commercial	$	4,284	$	4,284	$	100	$	4,908	$	192
Commercial construction and development	$	595	$	595	$	-	$	735	$	31
Consumer closed end first mortgage	$	1,126	$	1,126	$	-	$	1,131	$	-
Consumer open end and junior liens	$	481	$	481	$	-	$	381	$	-
Commercial and industrial	$	214	$	214	$	-	$	423	$	2
Total	$	6,700	$	6,700	$	100	$	7,578	$	225

As of December 31, 2014, there were no impaired loans with a valuation allowance. 

	December 31, 2014
	Recorded Balance		Unpaid Principal Balance		Specific Allowance		Average Investment in Impaired Loans		Interest Income Recognized
Loans without a specific valuation allowance
Real estate
Commercial	$	4,933	$	4,933	$	-	$	3,776	$	161
Commercial construction and development		931		1,860		-		1,323		30
Consumer closed end first mortgage		1,138		1,138		-		1,142		8
Consumer open end and junior liens		-		-				100		3
Commercial and industrial		758		789		-		923		12
Total	$	7,760	$	8,720	$	-	$	7,264	$	214

Commercial and Retail Credit Exposure Credit Risk Profile by Internal Rating

	December 31, 2016
		Commercial								Consumer
		Pass		Special Mention		Substandard		Doubtful		Pass		Special Mention		Substandard		Total
Real estate
Commercial		$	295,548	$	3,705	$	3,297	$	27							$	302,577
Commercial construction and development			21,782		254		417		-								22,453
Consumer closed end first mortgage										$	473,329	$	-	$	5,519		478,848
Consumer open end and junior liens											70,769		-		453		71,222
Other loans
Consumer loans
Auto											18,931		-		8		18,939
Boat/RVs											141,294		-		308		141,602
Other											5,859		-		33		5,892
Commercial and industrial			128,436		2,513		154		-								131,103
		$	445,766	$	6,472	$	3,868	$	27	$	710,182	$	-	$	6,321	$	1,172,636

	December 31, 2015
		Commercial								Consumer
		Pass		Special Mention		Substandard		Doubtful		Pass		Special Mention		Substandard		Total
Real estate
Commercial		$	226,439	$	4,137	$	6,319	$	-							$	236,895
Commercial construction and development			13,986		1,309		449		-								15,744
Consumer closed end first mortgage										$	484,658	$	-	$	6,793		491,451
Consumer open end and junior liens											70,086		-		904		70,990
Other loans
Consumer loans
Auto											15,480		-		-		15,480
Boat/RVs											123,490		-		131		123,621
Other											6,097		-		74		6,171
Commercial and industrial			119,540		3,300		203		-								123,043
		$	359,965	$	8,746	$	6,971	$	-	$	699,811	$	-	$	7,902	$	1,083,395

Activity in Allowance for Loan Losses by Portfolio Segment

The following tables detail activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2016, 2015 and 2014.  Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses on other segments.

	December 31, 2016
	Commercial		Mortgage		Consumer		Total
Allowance for loan losses:
Balance, beginning of period	$	7,090	$	2,683	$	2,868	$	12,641
Provision charged (credited) to expense		457		15		378		850
Losses charged off		(274)		(420)		(788)		(1,482)
Recoveries		85		25		263		373
Balance, end of period	$	7,358	$	2,303	$	2,721	$	12,382

	December 31, 2015
	Commercial		Mortgage		Consumer		Total
Allowance for loan losses:
Balance, beginning of year	$	7,085	$	3,471	$	2,612	$	13,168
Provision charged to expense		(389)		(179)		693		125
Losses charged off		(104)		(643)		(640)		(1,387)
Recoveries		498		34		203		735
Balance, end of period	$	7,090	$	2,683	$	2,868	$	12,641

	December 31, 2014
	Commercial		Mortgage		Consumer		Total
Allowance for loan losses:
Balance, beginning of period	$	8,148	$	3,124	$	2,140	$	13,412
Provision charged (credited) to expense		(1,273)		888		1,235		850
Losses charged off		(289)		(572)		(1,021)		(1,882)
Recoveries		499		31		258		788
Balance, end of period	$	7,085	$	3,471	$	2,612	$	13,168

	December 31, 2016
	Commercial		Mortgage		Consumer		Total
Allowance balances
Individually evaluated for impairment	$	100	$	-	$	-	$	100
Collectively evaluated for impairment		7,258		2,303		2,721		12,282
Total allowance for loan losses	$	7,358	$	2,303	$	2,721	$	12,382
Loan balances
Individually evaluated for impairment	$	1,888	$	1,869	$	-	$	3,757
Collectively evaluated for impairment		454,245		476,979		237,655		1,168,879
Gross loans	$	456,133	$	478,848	$	237,655	$	1,172,636

	December 31, 2015
	Commercial		Mortgage		Consumer		Total
Allowance balances
Individually evaluated for impairment	$	100	$	-	$	-	$	100
Collectively evaluated for impairment		6,990		2,683		2,868		12,541
Total allowance for loan losses	$	7,090	$	2,683	$	2,868	$	12,641
Loan balances
Individually evaluated for impairment	$	5,093	$	1,126	$	481	$	6,700
Collectively evaluated for impairment		370,589		490,325		215,781		1,076,695
Gross loans	$	375,682	$	491,451	$	216,262	$	1,083,395

	December 31, 2014
	Commercial		Mortgage		Consumer		Total
Allowance balances
Individually evaluated for impairment	$	-	$	-	$	-	$	-
Collectively evaluated for impairment		7,085		3,471		2,612		13,168
Total allowance for loan losses	$	7,085	$	3,471	$	2,612	$	13,168
Loan balances
Individually evaluated for impairment	$	6,622	$	1,138	$	-	$	7,760
Collectively evaluated for impairment		312,973		515,925		185,730		1,014,628
Gross loans	$	319,595	$	517,063	$	185,730	$	1,022,388

Troubled Debts Restructured

The following tables describe troubled debts restructured during the years ended December 31, 2016, 2015 and 2014.

	December 31, 2016
	No. of Loans		Pre-Modification Outstanding Recorded Balance		Post-Modification Outstanding Recorded Balance
Real estate
Commercial	1	$	406	$	406
Commercial construction and development	1		83		83
Consumer closed end first mortgage	14		881		911
Consumer open end and junior liens	1		39		39
Consumer loans
Auto	1		4		4
Boat/RV	3		56		56
Other	2		7		7

	December 31, 2015
	No. of Loans	Pre-Modification Outstanding Recorded Balance		Post-Modification Outstanding Recorded Balance
Real estate
Commercial	4	$	2,399	$	2,406
Commercial construction and development	1		155		155
Consumer closed end first mortgage	8		287		287
Consumer open end and junior liens	3		51		51
Consumer loans
Auto	2		25		25
Commercial and industrial	1		88		83

	December 31, 2014
	No. of Loans	Pre-Modification Outstanding Recorded Balance		Post-Modification Outstanding Recorded Balance
Real estate
Commercial	6	$	1,229	$	1,248
Consumer closed end first mortgage	12		1,493		1,139
Consumer open end and junior liens	5		58		59
Commercial and industrial	2		193		223

Newly Restructured Loans by Types

Newly restructured loans by type for the years ended December 31, 2016, 2015 and 2014 are as follows:

	December 31, 2016
		Interest Only		Term		Combination		Total Modification
Real Estate
Commercial	$	-	$	406	$	-	$	406
Commercial construction and development		-		83		-		83
Consumer closed end first mortgage		-		47		864		911
Consumer open end junior lien		-		-		39		39
Consumer Loans
Auto		-		-		4		4
Boat/RV		-		48		8		56
Other		-		7		-		7

	December 31, 2015
		Interest Only		Term		Combination		Total Modification
Real Estate
Commercial	$	-	$	2,406	$	-	$	2,406
Commercial construction and development		-		-		155		155
Consumer closed end first mortgage		-		11		276		287
Consumer open end junior lien		-		51		-		51
Consumer Loans
Auto		-		25		-		25
Commercial and industrial		-		83		-		83

	December 31, 2014
		Interest Only		Term		Combination		Total Modification
Real Estate
Commercial	$	-	$	701	$	547	$	1,248
Consumer closed end first mortgage		101		-		1,038		1,139
Consumer open end junior lien		-		28		31		59
Consumer Loans
Commercial and industrial		-		223		-		223

Troubled Debts Restructured Defaulted

Defaults of any loans modified as troubled debt restructurings made in the years ended December 31, 2016, 2015 and 2014, respectively, are listed in the table below.  Defaults are defined as any loans that become 90 days past due.

	December 31, 2016
	No. of Loans	Post-Modification Outstanding Recorded Balance
Real Estate
Consumer closed end first mortgage	5	$	179
Consumer Loans
Boat/RV	1		7

	December 31, 2015
	No. of Loans	Post-Modification Outstanding Recorded Balance
Real Estate
Commercial	1	$	820

	December 31, 2014
	No. of Loans	Post-Modification Outstanding Recorded Balance
Real Estate
Consumer closed end first mortgage	4	$	663
Consumer open end and junior liens	1		23