Loans and Allowance (Tables)

3 Months Ended

Mar. 31, 2019

Loans and Allowance [Abstract]

Schedule of Classes of Loans

Classes of loans at March 31, 2019 and December 31, 2018 include:

	March 31,		December 31,
	2019		2018
Real estate
Commercial	$	482,627	$	485,808
Commercial construction and development		60,383		53,310
Consumer closed end first mortgage		458,498		464,539
Consumer open end and junior liens		73,346		77,072
Total real estate loans		1,074,854		1,080,729
Other loans
Consumer loans
Auto		52,496		43,667
Boat/RVs		218,175		216,608
Other consumer loans		6,615		6,893
Commercial and industrial		151,796		149,359
Total other loans		429,082		416,527
Total loans		1,503,936		1,497,256
Undisbursed loans in process		(8,596)		(10,096)
Unamortized deferred loan costs, net		8,753		8,783
Allowance for loan losses		(13,364)		(13,281)
Net loans	$	1,490,729	$	1,482,662

Non-Accrual Loans Segregated by Class of Loans

Nonaccrual loans, segregated by class of loans, as of March 31, 2019 and December 31, 2018 are as follows:

	March 31,		December 31,
	2019		2018
Real estate
Commercial	$	1,281	$	4,782
Commercial construction and development		-		62
Consumer closed end first mortgage		3,758		2,777
Consumer open end and junior liens		212		273
Consumer loans
Auto		64		88
Boat/RVs		646		470
Other consumer loans		44		46
Commercial and industrial		267		91
Total nonaccrual loans	$	6,272	$	8,589

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 March 31, 2019 and December 31, 2018 are as follows:

	March 31, 2019
													Total Loans
													90 Days
	30‑59		60‑89		90 Days		Total				Total		Past Due
	Days Past		Days Past		or More		Past				Loans		and
	Due		Due		Past Due		Due		Current		Receivable		Accruing
Real estate
Commercial	$	2,095	$	462	$	898	$	3,455	$	479,172	$	482,627	$	-
Commercial construction and development		1,137		-		-		1,137		59,246		60,383		-
Consumer closed end first mortgage		4,181		1,874		3,042		9,097		449,401		458,498		206
Consumer open end and junior liens		210		65		159		434		72,912		73,346		-
Consumer loans
Auto		125		91		57		273		52,223		52,496		-
Boat/RVs		2,207		342		572		3,121		215,054		218,175		-
Other consumer loans		28		12		37		77		6,538		6,615		-
Commercial and industrial		137		58		267		462		151,334		151,796		-
Total	$	10,120	$	2,904	$	5,032	$	18,056	$	1,485,880	$	1,503,936	$	206

	December 31, 2018
													Total Loans
													90 Days
	30‑59		60‑89		90 Days		Total				Total		Past Due
	Days Past		Days Past		or More		Past				Loans		and
	Due		Due		Past Due		Due		Current		Receivable		Accruing
Real estate
Commercial	$	1,145	$	536	$	4,377	$	6,058	$	479,750	$	485,808	$	-
Commercial construction and development		4,633		-		61		4,694		48,616		53,310		-
Consumer closed end first mortgage		7,847		1,662		2,696		12,205		452,334		464,539		517
Consumer open end and junior liens		353		114		220		687		76,385		77,072		-
Consumer loans
Auto		257		16		72		345		43,322		43,667		-
Boat/RVs		2,174		594		350		3,118		213,490		216,608		-
Other consumer loans		65		8		41		114		6,779		6,893		-
Commercial and industrial		617		93		91		801		148,558		149,359		-
Total	$	17,091	$	3,023	$	7,908	$	28,022	$	1,469,234	$	1,497,256	$	517

Impaired Loans

The following tables present impaired loans as of and for the three month periods ended March 31, 2019 and 2018 and as of and for the year ended December 31, 2018.

	March 31, 2019
							Average
			Unpaid				Investment		Interest
	Recorded		Principal		Specific		in Impaired		Income
	Balance		Balance		Allowance		Loans		Recognized
Loans without a specific valuation allowance
Real estate
Commercial	$	6,133	$	6,281	$	-	$	6,315	$	169
Commercial construction and development		539		539		-		544		5
Consumer closed end first mortgage		844		844		-		990		-
Commercial and industrial		158		158		-		145		1
Loans with a specific valuation allowance
Real estate
Consumer closed end first mortgage		335		335		40		168		-
Total
Real estate
Commercial	$	6,133	$	6,281	$	-	$	6,315	$	169
Commercial construction and development	$	539	$	539	$	-	$	544	$	5
Consumer closed end first mortgage	$	1,179	$	1,179	$	40	$	1,158	$	-
Commercial and industrial	$	158	$	158	$	-	$	145	$	1
Total	$	8,009	$	8,157	$	40	$	8,162	$	175

	March 31, 2018
							Average
			Unpaid				Investment		Interest
	Recorded		Principal		Specific		in Impaired		Income
	Balance		Balance		Allowance		Loans		Recognized
Loans without a specific valuation allowance
Real estate
Commercial	$	801	$	801	$	-	$	839	$	-
Commercial construction and development		668		668		-		684		7
Consumer closed end first mortgage		1,411		1,411		-		1,477		1
Commercial and industrial		152		152		-		212		-
Loans with a specific valuation allowance
Real estate
Commercial		214		214		100		214		1
Total
Real estate
Commercial	$	1,015	$	1,015	$	100	$	1,053	$	1
Commercial construction and development	$	668	$	668	$	-	$	684	$	7
Consumer closed end first mortgage	$	1,411	$	1,411	$	-	$	1,477	$	1
Commercial and industrial	$	152	$	152	$	-	$	212	$	-
Total	$	3,246	$	3,246	$	100	$	3,426	$	9

	December 31, 2018
							Average
			Unpaid				Investment		Interest
	Recorded		Principal		Specific		in Impaired		Income
	Balance		Balance		Allowance		Loans		Recognized
Loans without a specific valuation allowance
Real estate
Commercial	$	6,324	$	6,377	$	-	$	1,882	$	-
Commercial construction and development		549		549		-		633		27
Consumer closed end first mortgage		1,137		1,137		-		1,260		-
Commercial and industrial		131		131		-		167		5
Loans with a specific valuation allowance
Real estate
Commercial		174		214		100		206		-
Total
Real estate
Commercial	$	6,498	$	6,591	$	100	$	2,088	$	-
Commercial construction and development	$	549	$	549	$	-	$	633	$	27
Consumer closed end first mortgage	$	1,137	$	1,137	$	-	$	1,260	$	-
Commercial and industrial	$	131	$	131	$	-	$	167	$	5
Total	$	8,315	$	8,408	$	100	$	4,148	$	32

Commercial and Retail Credit Exposure Credit Risk Profile by Internal Rating

	March 31, 2019
	Commercial								Consumer
			Special
	Pass		Mention		Substandard		Doubtful		Pass		Substandard		Total
Real estate
Commercial	$	460,826	$	11,858	$	9,943	$	-					$	482,627
Commercial construction and development		53,616		6,228		539		-						60,383
Consumer closed end first mortgage									$	453,242	$	5,256		458,498
Consumer open end and junior liens										73,092		254		73,346
Other loans
Consumer loans
Auto										52,387		109		52,496
Boat/RVs										217,493		682		218,175
Other consumer loans										6,569		46		6,615
Commercial and industrial		144,424		3,561		3,811		-						151,796
	$	658,866	$	21,647	$	14,293	$	-	$	802,783	$	6,347	$	1,503,936

	December 31, 2018
	Commercial								Consumer
			Special
	Pass		Mention		Substandard		Doubtful		Pass		Substandard		Total
Real estate
Commercial	$	465,888	$	9,501	$	10,419	$	-					$	485,808
Commercial construction and development		46,649		6,112		549		-						53,310
Consumer closed end first mortgage									$	459,771	$	4,768		464,539
Consumer open end and junior liens										76,752		320		77,072
Other loans
Consumer loans
Auto										43,559		108		43,667
Boat/RVs										215,830		778		216,608
Other consumer loans										6,835		58		6,893
Commercial and industrial		141,705		4,009		3,645		-						149,359
	$	654,242	$	19,622	$	14,613	$	-	$	802,747	$	6,032	$	1,497,256

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 three month periods ended March 31, 2019 and 2018, respectively. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other segments.

	Three Months Ended March 31, 2019
	Commercial		Mortgage		Consumer		Total
Allowance for loan losses:
Balance, beginning of year	$	8,426	$	1,548	$	3,307	$	13,281
Provision charged to expense		26		37		412		475
Losses charged off		(55)		(41)		(347)		(443)
Recoveries		4		1		46		51
Balance, end of period	$	8,401	$	1,545	$	3,418	$	13,364

	Three Months Ended March 31, 2018
	Commercial		Mortgage		Consumer		Total
Allowance for loan losses:
Balance, beginning of period	$	7,704	$	1,761	$	2,922	$	12,387
Provision charged (credited) to expense		408		(49)		91		450
Losses charged off		(138)		(20)		(214)		(372)
Recoveries		-		8		64		72
Balance, end of period	$	7,974	$	1,700	$	2,863	$	12,537

The following tables provide a breakdown of the allowance for loan losses and loan portfolio balances by segment as of March 31, 2019 and 2018, and December 31, 2018.

	March 31, 2019
	Commercial		Mortgage		Consumer		Total
Allowance balances
Individually evaluated for impairment	$	-	$	40	$	-	$	40
Collectively evaluated for impairment		8,401		1,505		3,418		13,324
Total allowance for loan losses	$	8,401	$	1,545	$	3,418	$	13,364
Loan balances
Individually evaluated for impairment	$	6,830	$	1,179	$	-	$	8,009
Collectively evaluated for impairment		687,976		457,319		350,632		1,495,927
Gross loans	$	694,806	$	458,498	$	350,632	$	1,503,936

	March 31, 2018
	Commercial		Mortgage		Consumer		Total
Allowance balances
Individually evaluated for impairment	$	100	$	-	$	-	$	100
Collectively evaluated for impairment		7,874		1,700		2,863		12,437
Loans acquired with deteriorated credit quality		-		-		-		-
Total allowance for loan losses	$	7,974	$	1,700	$	2,863	$	12,537
Loan balances
Individually evaluated for impairment	$	1,835	$	1,411	$	-	$	3,246
Collectively evaluated for impairment		693,903		475,011		279,989		1,448,903
Loans acquired with deteriorated credit quality		312		-		-		312
Gross loans	$	696,050	$	476,422	$	279,989	$	1,452,461

	December 31, 2018
	Commercial		Mortgage		Consumer		Total
Allowance balances
Individually evaluated for impairment	$	100	$	-	$	-	$	100
Collectively evaluated for impairment		8,326		1,548		3,307		13,181
Loans acquired with deteriorated credit quality		-		-		-		-
Total allowance for loan losses	$	8,426	$	1,548	$	3,307	$	13,281
Loan balances
Individually evaluated for impairment	$	7,178	$	1,137	$	-	$	8,315
Collectively evaluated for impairment		681,299		463,402		344,240		1,488,941
Loans acquired with deteriorated credit quality		-		-		-		-
Gross loans	$	688,477	$	464,539	$	344,240	$	1,497,256

Troubled Debts Restructured

The following tables describe troubled debts restructured during the three month periods ended March 31, 2019 and 2018:

	March 31, 2019					March 31, 2018
	No. of	Pre-Modification		Post-Modification		No. of	Pre-Modification		Post-Modification
	Loans	Recorded Balance		Recorded Balance		Loans	Recorded Balance		Recorded Balance
Real estate
Commercial	-	$	-	$	-	3	$	138	$	140
Consumer closed end first mortgage	1		10		10	3		47		59
Consumer open end and junior liens	1		7		7	1		36		36
Other loans
Consumer Loans
Auto	1		17		17	-		-		-
Boat/RVs	1		8		8	-		-		-
Commercial and industrial	-		-		-	1		61		61

Newly Restructured Loans by Types

Newly restructured loans by type for the three months ended March 31, 2019 and 2018 are as follows:

	Three Months Ended March 31, 2019
							Total
	Rate		Term		Combination		Modification
Real estate
Consumer closed end first mortgage	$	-	$	-	$	10	$	10
Consumer open end and junior liens		-		7		-		7
Other loans
Consumer loans
Auto		-		-		17		17
Boat/RVs		-		8		-		8

	Three Months Ended March 31, 2018
							Total
	Rate		Term		Combination		Modification
Real estate
Commercial	$	-	$	-	$	140	$	140
Consumer closed end first mortgage		-		-		59		59
Consumer open end and junior liens		-		36		-		36
Commercial and industrial		-		61		-		61

Troubled Debts Restructured Defaulted

The following tables describe troubled debt restructurings that have subsequently defaulted during the three months ended March 31, 2019 and 2018. Defaults are defined as any loans that become 90 days past due.

	Three Months Ended
	March 31, 2019			March 31, 2018
		Post-Modification Outstanding			Post-Modification Outstanding
	No. of Loans	Recorded Balance		No. of Loans	Recorded Balance
Other Loans
Consumer Loans
Boat/RV	1	$	263	-	$	-