Accounting for Certain Loans Acquired in a Transfer

3 Months Ended

Mar. 31, 2019

Accounting for Certain Loans Acquired in a Transfer [Abstract]

Accounting for Certain Loans Acquired in a Transfer

Note 8:  Accounting for Certain Loans Acquired in a Transfer

The Company acquired loans in the acquisition of Universal and a few of the transferred loans had evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected.

The following table presents the carrying amounts of the acquired loans included in the balance sheet amounts of loans receivable as of March 31, 2019.

	March 31, 2019		December 31, 2018
Outstanding balance
Real estate
Commercial	$	116,667	$	120,249
Commercial construction and development		11,286		8,664
Consumer closed end first mortgage		29,316		30,694
Consumer open end and junior liens		7,647		8,032
Total real estate loans		164,916		167,639
Other loans
Consumer loans
Auto		987		1,138
Boat/RVs		58		97
Other		455		523
Commercial and industrial		9,921		10,571
Total other loans		11,421		12,329
Total loans	$	176,337	$	179,968
Carrying amount	$	173,796	$	177,169
Allowance		-		-
Carrying amount net of allowance	$	173,796	$	177,169