Loans and Allowance (Tables)

12 Months Ended

Dec. 31, 2017

Loans and Allowance [Abstract]

Schedule of Classes of Loans

Classes of loans at December 31, 2017 and 2016 include:

	December 31,
	2017		2016
Real estate
Commercial	$	318,684	$	302,577
Commercial construction and development		28,164		22,453
Consumer closed end first mortgage		444,243		478,848
Consumer open end and junior liens		69,477		71,222
Total real estate loans		860,568		875,100
Other loans
Consumer loans
Auto		19,640		18,939
Boat/RVs		169,238		141,602
Other		6,188		5,892
Commercial and industrial		131,079		131,103
Total other loans		326,145		297,536
Total loans		1,186,713		1,172,636
Undisbursed loans in process		(13,071)		(8,691)
Unamortized deferred loan costs, net		6,503		5,557
Allowance for loan losses		(12,387)		(12,382)
Net loans	$	1,167,758	$	1,157,120

Non-Accrual Loans Segregated by Class of Loans

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

	December 31,
	2017		2016
Real estate
Commercial	$	1,107	$	912
Commercial construction and development		-		-
Consumer closed end first mortgage		3,409		3,626
Consumer open end and junior liens		309		335
Consumer loans
Auto		22		5
Boat/RVs		198		224
Other		16		24
Commercial and industrial		159		18
Total nonaccrual loans	$	5,220	$	5,144

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, 2017 and 2016  are as follows:

	December 31, 2017
		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 Past Due and Accruing
Real estate
Commercial	$	2,171	$	3,311	$	998	$	6,480	$	312,204	$	318,684	$	-
Commercial construction and development		-		-		-		-		28,164		28,164		-
Consumer closed end first mortgage		5,914		1,340		3,224		10,478		433,765		444,243		31
Consumer open end and junior liens		540		123		264		927		68,550		69,477		-
Consumer loans
Auto		114		24		1		139		19,501		19,640		-
Boat/RVs		1,613		338		103		2,054		167,184		169,238		-
Other		65		18		12		95		6,093		6,188
Commercial and industrial		276		10		159		445		130,634		131,079		-
Total	$	10,693	$	5,164	$	4,761	$	20,618	$	1,166,095	$	1,186,713	$	31

	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 Past Due 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		-
Total	$	10,220	$	2,250	$	5,003	$	17,473	$	1,155,163	$	1,172,636	$	237

Impaired Loans

The following tables present impaired loans as of December 31, 2017, 2016 and 2015:

	December 31, 2017
	Recorded Balance		Unpaid Principal Balance		Specific Allowance		Average Investment in Impaired Loans		Interest Income Recognized
Loans without a specific valuation allowance
Real estate
Commercial	$	878	$	878	$	-	$	765	$	1
Commercial construction and development		700		700		-		762		33
Consumer closed end first mortgage		1,543		1,543		-		1,451		1
Commercial and industrial		272		342		-		216		5
Loans with a specific valuation allowance
Real estate
Commercial		214		214		100		214		-
Total
Real estate
Commercial	$	1,092	$	1,092	$	100	$	979	$	1
Commercial construction and development	$	700	$	700	$	-	$	762	$	33
Consumer closed end first mortgage	$	1,543	$	1,543	$	-	$	1,451	$	1
Commercial and industrial	$	272	$	342	$	-	$	216	$	5
Total	$	3,607	$	3,677	$	100	$	3,408	$	40

	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

Commercial and Retail Credit Exposure Credit Risk Profile by Internal Rating

	December 31, 2017
		Commercial								Consumer
		Pass		Special Mention		Substandard		Doubtful		Pass		Special Mention		Substandard		Total
Real estate
Commercial		$	309,451	$	4,219	$	4,996	$	18							$	318,684
Commercial construction and development			27,464		-		700		-								28,164
Consumer closed end first mortgage										$	439,075	$	-	$	5,168		444,243
Consumer open end and junior liens											69,130		-		347		69,477
Other loans
Consumer loans
Auto											19,616		-		24		19,640
Boat/RVs											169,036		-		202		169,238
Other											6,133		-		55		6,188
Commercial and industrial			120,211		5,784		5,084		-								131,079
		$	457,126	$	10,003	$	10,780	$	18	$	702,990	$	-	$	5,796	$	1,186,713

	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

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, 2017, 2016 and 2015.  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, 2017
	Commercial		Mortgage		Consumer		Total
Allowance for loan losses:
Balance, beginning of year	$	7,358	$	2,303	$	2,721	$	12,382
Provision charged (credited) to expense		483		(271)		1,008		1,220
Losses charged off		(161)		(284)		(967)		(1,412)
Recoveries		24		13		160		197
Balance, end of period	$	7,704	$	1,761	$	2,922	$	12,387

	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

The following tables provide a breakdown of the allowance for loan losses and loan portfolio balances by segment as of December 31, 2017, 2016, and 2015.

	December 31, 2017
	Commercial		Mortgage		Consumer		Total
Allowance balances
Individually evaluated for impairment	$	100	$	-	$	-	$	100
Collectively evaluated for impairment		7,604		1,761		2,922		12,287
Total allowance for loan losses	$	7,704	$	1,761	$	2,922	$	12,387
Loan balances
Individually evaluated for impairment	$	2,064	$	1,543	$	-	$	3,607
Collectively evaluated for impairment		475,863		442,700		264,543		1,183,106
Gross loans	$	477,927	$	444,243	$	264,543	$	1,186,713

	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

Troubled Debts Restructured

The following tables describe troubled debts restructured during the years ended December 31, 2017, 2016 and 2015.

	2017
	No. of Loans	Pre-Modification Recorded Balance		Post-Modification Recorded Balance
Real estate
Consumer closed end first mortgage	7	$	320	$	324
Consumer open end and junior liens	2		16		16
Commercial and industrial	1		72		72

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

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

Newly Restructured Loans by Types

Newly restructured loans by type for the years ended December 31, 2017, 2016 and 2015 are as follows:

	2017
		Rate		Term	Combination		Total Modification
Real estate
Consumer closed end first mortgage	$	-	$	27	297	$	324
Consumer open end and junior liens		-		3	13		16
Commercial and industrial		-		72	-		72

	2016
		Rate		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 and junior liens		-		-		39		39
Other loans
Consumer loans
Auto		-		-		4		4
Boat/RVs		-		48		8		56
Other		-		7		-		7

	2015
		Rate		Term		Combination		Total Modification
Real Estate
Commercial	$	-	$	2,406	$	-	$	2,406
Construction and development		-		-		155		155
Consumer closed end first mortgage		-		11		276		287
Consumer open end and junior liens		-		51		-		51
Other loans
Consumer loans
Auto		-		25		-		25
Commercial and industrial		-		83		-		83

Troubled Debts Restructured Defaulted

Defaults of any loans modified as troubled debt restructurings made in the years ended December 31, 2017, 2016 and 2015, respectively, are listed in the tables below.  Defaults are defined as any loans that become 90 days past due.

	2017
	No. of Loans	Post-Modification Outstanding Recorded Balance
Real Estate
Consumer closed end first mortgage	1	$	79

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

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