Loans (Tables)
|
9 Months Ended |
Sep. 30, 2017 |
Receivables [Abstract] |
|
Composition of Company's Loan Portfolio, Excluding Loans Held for Sale |
The composition of the Company’s loan portfolio, excluding
loans held for sale, was the following for the periods presented
below:
|
|
|
|
|
|
|
|
|
(in thousands) |
|
At September 30,
2017 |
|
|
At December 31,
2016 |
|
Real estate mortgage loans:
|
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
77,084 |
|
|
$ |
65,805 |
|
Residential and home equity
|
|
|
94,145 |
|
|
|
88,883 |
|
Construction
|
|
|
23,366 |
|
|
|
19,991 |
|
|
|
|
|
|
|
|
|
|
Total real estate mortgage loans
|
|
|
194,595 |
|
|
|
174,679 |
|
Commercial loans
|
|
|
46,193 |
|
|
|
46,340 |
|
Consumer and other loans
|
|
|
6,976 |
|
|
|
4,275 |
|
|
|
|
|
|
|
|
|
|
Total loans
|
|
|
247,764 |
|
|
|
225,294 |
|
Add (deduct):
|
|
|
|
|
|
|
|
|
Net deferred loan costs
|
|
|
468 |
|
|
|
350 |
|
Allowance for loan losses
|
|
|
(3,072 |
) |
|
|
(2,876 |
) |
|
|
|
|
|
|
|
|
|
Loans, net
|
|
$ |
245,160 |
|
|
$ |
222,768 |
|
|
|
|
|
|
|
|
|
|
|
Summary of Changes in Allowance for Loan Losses |
An analysis of the change in allowance for loan losses follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Mortgage Loans |
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Commercial |
|
|
Residential
and Home
Equity |
|
|
Construction |
|
|
Commercial
Loans |
|
|
Consumer
and Other
Loans |
|
|
Total |
|
Three-Month Period Ended September 30, 2017
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance
|
|
$ |
811 |
|
|
$ |
1,108 |
|
|
$ |
338 |
|
|
$ |
712 |
|
|
$ |
59 |
|
|
$ |
3,028 |
|
Provision (credit) for loan losses
|
|
|
49 |
|
|
|
(18 |
) |
|
|
(51 |
) |
|
|
28 |
|
|
|
24 |
|
|
|
32 |
|
Net (charge-offs) recoveries
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
12 |
|
|
|
— |
|
|
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
860 |
|
|
$ |
1,090 |
|
|
$ |
287 |
|
|
$ |
752 |
|
|
$ |
83 |
|
|
$ |
3,072 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-Month Period Ended September 30, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance
|
|
$ |
764 |
|
|
$ |
1,017 |
|
|
$ |
243 |
|
|
$ |
686 |
|
|
$ |
65 |
|
|
$ |
2,775 |
|
Provision (credit) for loan losses
|
|
|
11 |
|
|
|
28 |
|
|
|
32 |
|
|
|
40 |
|
|
|
(3 |
) |
|
|
108 |
|
Net (charge-offs) recoveries
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(17 |
) |
|
|
(3 |
) |
|
|
(20 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
775 |
|
|
$ |
1,045 |
|
|
$ |
275 |
|
|
$ |
709 |
|
|
$ |
59 |
|
|
$ |
2,863 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine-Month Period Ended September 30, 2017
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance
|
|
$ |
775 |
|
|
$ |
1,074 |
|
|
$ |
258 |
|
|
$ |
714 |
|
|
$ |
55 |
|
|
$ |
2,876 |
|
Provision (credit) for loan losses
|
|
|
85 |
|
|
|
16 |
|
|
|
29 |
|
|
|
24 |
|
|
|
33 |
|
|
|
187 |
|
Net (charge-offs) recoveries
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
14 |
|
|
|
(5 |
) |
|
|
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
860 |
|
|
$ |
1,090 |
|
|
$ |
287 |
|
|
$ |
752 |
|
|
$ |
83 |
|
|
$ |
3,072 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine-Month Period Ended September 30, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance
|
|
$ |
707 |
|
|
$ |
868 |
|
|
$ |
246 |
|
|
$ |
596 |
|
|
$ |
56 |
|
|
$ |
2,473 |
|
Provision (credit) for loan losses
|
|
|
68 |
|
|
|
177 |
|
|
|
29 |
|
|
|
130 |
|
|
|
8 |
|
|
|
412 |
|
Net (charge-offs) recoveries
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(17 |
) |
|
|
(5 |
) |
|
|
(22 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
775 |
|
|
$ |
1,045 |
|
|
$ |
275 |
|
|
$ |
709 |
|
|
$ |
59 |
|
|
$ |
2,863 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At September 30, 2017
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recorded investment
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
137 |
|
|
$ |
— |
|
|
$ |
137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance in allowance for loan losses
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
137 |
|
|
$ |
— |
|
|
$ |
137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collectively evaluated for impairment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recorded investment
|
|
$ |
77,084 |
|
|
$ |
94,145 |
|
|
$ |
23,366 |
|
|
$ |
46,056 |
|
|
$ |
6,976 |
|
|
$ |
247,627 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance in allowance for loan losses
|
|
$ |
860 |
|
|
$ |
1,090 |
|
|
$ |
287 |
|
|
$ |
615 |
|
|
$ |
83 |
|
|
$ |
2,935 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recorded investment
|
|
$ |
— |
|
|
$ |
662 |
|
|
$ |
73 |
|
|
$ |
76 |
|
|
$ |
— |
|
|
$ |
811 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance in allowance for loan losses
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
76 |
|
|
$ |
— |
|
|
$ |
76 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collectively evaluated for impairment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recorded investment
|
|
$ |
65,805 |
|
|
$ |
88,221 |
|
|
$ |
19,918 |
|
|
$ |
46,264 |
|
|
$ |
4,275 |
|
|
$ |
224,483 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance in allowance for loan losses
|
|
$ |
775 |
|
|
$ |
1,074 |
|
|
$ |
258 |
|
|
$ |
638 |
|
|
$ |
55 |
|
|
$ |
2,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary of Loan Credit Quality |
The following summarizes the loan credit quality:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Mortgage Loans |
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Commercial |
|
|
Residential
and Home
Equity |
|
|
Construction |
|
|
Commercial
Loans |
|
|
Consumer
and Other
Loans |
|
|
Total |
|
At September 30, 2017
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Grade:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
72,027 |
|
|
$ |
91,598 |
|
|
$ |
22,909 |
|
|
$ |
44,549 |
|
|
$ |
6,948 |
|
|
$ |
238,031 |
|
Special mention
|
|
|
5,057 |
|
|
|
2,381 |
|
|
|
298 |
|
|
|
1,069 |
|
|
|
28 |
|
|
|
8,833 |
|
Substandard
|
|
|
— |
|
|
|
166 |
|
|
|
159 |
|
|
|
575 |
|
|
|
— |
|
|
|
900 |
|
Doubtful
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Loss
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
77,084 |
|
|
$ |
94,145 |
|
|
$ |
23,366 |
|
|
$ |
46,193 |
|
|
$ |
6,976 |
|
|
$ |
247,764 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Grade:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass
|
|
$ |
61,734 |
|
|
$ |
84,695 |
|
|
$ |
19,485 |
|
|
$ |
45,623 |
|
|
$ |
4,227 |
|
|
$ |
215,764 |
|
Special mention
|
|
|
4,071 |
|
|
|
3,152 |
|
|
|
333 |
|
|
|
250 |
|
|
|
46 |
|
|
|
7,852 |
|
Substandard
|
|
|
— |
|
|
|
1,036 |
|
|
|
173 |
|
|
|
467 |
|
|
|
2 |
|
|
|
1,678 |
|
Doubtful
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Loss
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
65,805 |
|
|
$ |
88,883 |
|
|
$ |
19,991 |
|
|
$ |
46,340 |
|
|
$ |
4,275 |
|
|
$ |
225,294 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary of Past Due Loans |
Age analysis of past due loans is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accruing Loans |
|
|
|
|
|
|
|
(in thousands) |
|
30-59 Days
Past Due |
|
|
60-89 Days
Past Due |
|
|
Greater Than
90 Days
Past Due |
|
|
Total Past
Due |
|
|
Current |
|
|
Nonaccrual
Loans |
|
|
Total Loans |
|
At September 30, 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate mortgage loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
626 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
626 |
|
|
$ |
76,458 |
|
|
$ |
— |
|
|
$ |
77,084 |
|
Residential and home equity
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
94,145 |
|
|
|
— |
|
|
|
94,145 |
|
Construction
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
23,366 |
|
|
|
— |
|
|
|
23,366 |
|
Commercial loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
46,133 |
|
|
|
60 |
|
|
|
46,193 |
|
Consumer and other loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
6,976 |
|
|
|
— |
|
|
|
6,976 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
626 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
626 |
|
|
$ |
247,078 |
|
|
$ |
60 |
|
|
$ |
247,764 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2016:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate mortgage loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
65,805 |
|
|
$ |
— |
|
|
$ |
65,805 |
|
Residential and home equity
|
|
|
371 |
|
|
|
— |
|
|
|
— |
|
|
|
371 |
|
|
|
87,850 |
|
|
|
662 |
|
|
|
88,883 |
|
Construction
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
19,918 |
|
|
|
73 |
|
|
|
19,991 |
|
Commercial loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
46,264 |
|
|
|
76 |
|
|
|
46,340 |
|
Consumer and other loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,275 |
|
|
|
— |
|
|
|
4,275 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
371 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
371 |
|
|
$ |
224,112 |
|
|
$ |
811 |
|
|
$ |
225,294 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary of Impaired Loans |
The following summarizes the amount of impaired loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
With No Related
Allowance Recorded |
|
|
With an Allowance Recorded |
|
|
Total |
|
(in thousands) |
|
Recorded
Investment |
|
|
Unpaid
Contractual
Principal
Balance |
|
|
Recorded
Investment |
|
|
Unpaid
Contractual
Principal
Balance |
|
|
Related
Allowance |
|
|
Recorded
Investment |
|
|
Unpaid
Contractual
Principal
Balance |
|
|
Related
Allowance |
|
At September 30, 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial loans
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
137 |
|
|
$ |
137 |
|
|
$ |
137 |
|
|
$ |
137 |
|
|
$ |
137 |
|
|
$ |
137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
137 |
|
|
$ |
137 |
|
|
$ |
137 |
|
|
$ |
137 |
|
|
$ |
137 |
|
|
$ |
137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2016:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate mortgage loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential and home equity
|
|
$ |
662 |
|
|
$ |
662 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
662 |
|
|
$ |
662 |
|
|
$ |
— |
|
Construction loans
|
|
|
73 |
|
|
|
73 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
73 |
|
|
|
73 |
|
|
|
— |
|
Commercial loans
|
|
|
— |
|
|
|
— |
|
|
|
76 |
|
|
|
76 |
|
|
|
76 |
|
|
|
76 |
|
|
|
76 |
|
|
|
76 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
735 |
|
|
$ |
735 |
|
|
$ |
76 |
|
|
$ |
76 |
|
|
$ |
76 |
|
|
$ |
811 |
|
|
$ |
811 |
|
|
$ |
76 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary of Average Net Investment in Impaired Loans and Interest Income Recognized and Received on Impaired Loans |
The average net investment in impaired loans and interest income
recognized and received on impaired loans are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
September 30, |
|
|
|
2017 |
|
|
2016 |
|
(in thousands) |
|
Average
Recorded
Investment |
|
|
Interest
Income
Recognized |
|
|
Interest
Income
Received |
|
|
Average
Recorded
Investment |
|
|
Interest
Income
Recognized |
|
|
Interest
Income
Received |
|
Real estate mortage loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential and home equity
|
|
$ |
— |
|
|
$ |
6 |
|
|
$ |
— |
|
|
$ |
361 |
|
|
$ |
— |
|
|
$ |
— |
|
Construction
|
|
|
63 |
|
|
|
1 |
|
|
|
1 |
|
|
|
88 |
|
|
|
— |
|
|
|
— |
|
Commercial loans
|
|
|
22 |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
— |
|
Consumer
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
7 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
85 |
|
|
$ |
7 |
|
|
$ |
1 |
|
|
$ |
457 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended
September 30, |
|
|
|
2017 |
|
|
2016 |
|
(in thousands) |
|
Average
Recorded
Investment |
|
|
Interest
Income
Recognized |
|
|
Interest
Income
Received |
|
|
Average
Recorded
Investment |
|
|
Interest
Income
Recognized |
|
|
Interest
Income
Received |
|
Real estate mortgage loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential and home equity
|
|
$ |
375 |
|
|
$ |
28 |
|
|
$ |
28 |
|
|
$ |
119 |
|
|
$ |
— |
|
|
$ |
— |
|
Construction
|
|
|
66 |
|
|
|
1 |
|
|
|
2 |
|
|
|
91 |
|
|
|
— |
|
|
|
— |
|
Commercial loans
|
|
|
56 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Consumer
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
497 |
|
|
$ |
29 |
|
|
$ |
30 |
|
|
$ |
213 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Summary of Loans Determined to be Troubled Debt Restructurings |
For the nine-month period ended September 30, 2017, there was
one new loan determined to be a TDR.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30,
2017 |
|
(in thousands) |
|
Number of
Contracts |
|
|
Pre-
Modification
Outstanding
Recorded
Investment |
|
|
Post-
Modification
Outstanding
Recorded
Investment |
|
|
Current
Modification
Outstanding
Recorded
Investment |
|
Troubled Debt Restructurings -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential and home equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Modified principal
|
|
|
1 |
|
|
$ |
153 |
|
|
$ |
169 |
|
|
$ |
165 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
1 |
|
|
$ |
153 |
|
|
$ |
169 |
|
|
$ |
165 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|