Loans by Type (Tables)

6 Months Ended

Jun. 30, 2017

Receivables [Abstract]

Summary of Loan Categories

A summary of loan categories is as follows:

	June 30,		December 31,
(In thousands)	2017		2016
Commercial and industrial	$	225,627	$	214,767
Real estate
Commercial:
Mortgage		94,367		104,779
Construction		8,482		6,325
Church, church-related:
Mortgage		325,906		321,168
Construction		12,214		11,152
Industrial revenue bonds		5,007		6,639
Other		80		36
Total loans	$	671,683	$	664,866

Schedule of the Aging Loans by Loan Categories

The following table presents the aging of loans by loan categories at June 30, 2017 and December 31, 2016:

	Performing						Nonperforming
							90 Days
			30-59		60-89		and		Non-		Total
(In thousands)	Current		Days		Days		Over		accrual		Loans
June 30, 2017
Commercial and industrial	$	225,627	$	—	$	—	$	—	$	—	$	225,627
Real estate
Commercial:
Mortgage		94,148		—		—		—		219		94,367
Construction		8,482		—		—		—		—		8,482
Church, church-related:
Mortgage		325,906		—		—		—		—		325,906
Construction		12,214		—		—		—		—		12,214
Industrial revenue bonds		5,007		—		—		—		—		5,007
Other		80		—		—		—		—		80
Total	$	671,464	$	—	$	—	$	—	$	219	$	671,683
December 31, 2016
Commercial and industrial	$	214,767	$	—	$	—	$	—	$	—	$	214,767
Real estate
Commercial:
Mortgage		104,534		—		—		—		245		104,779
Construction		6,325		—		—		—		—		6,325
Church, church-related:
Mortgage		321,168		—		—		—		—		321,168
Construction		11,152		—		—		—		—		11,152
Industrial revenue bonds		6,639		—		—		—		—		6,639
Other		24		12		—		—		—		36
Total	$	664,609	$	12	$	—	$	—	$	245	$	664,866

Schedule of Credit Exposure of the Loan Portfolio

The following table presents the credit exposure of the loan portfolio by internally credit grade as of June 30, 2017 and December 31, 2016:

	Loans		Performing		Nonperforming
	Subject to		Loans Subject to		Loans Subject
	Normal		Special		to Special
(In thousands)	Monitoring1		Monitoring2		Monitoring2		Total Loans
June 30, 2017
Commercial and industrial	$	223,968	$	1,659	$	—	$	225,627
Real estate
Commercial:
Mortgage		93,422		726		219		94,367
Construction		8,482		—		—		8,482
Church, church-related:
Mortgage		325,822		84		—		325,906
Construction		12,214		—		—		12,214
Industrial Revenue Bonds		5,007		—		—		5,007
Other		80		—		—		80
Total	$	668,995	$	2,469	$	219	$	671,683
December 31, 2016
Commercial and industrial	$	213,024	$	1,743	$	—	$	214,767
Real estate
Commercial:
Mortgage		103,778		756		245		104,779
Construction		6,325		—		—		6,325
Church, church-related:
Mortgage		318,030		3,138		—		321,168
Construction		11,152		—		—		11,152
Industrial revenue bonds		6,639		—		—		6,639
Other		36		—		—		36
Total	$	658,984	$	5,637	$	245	$	664,866

1	Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligations.
2	Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.

Schedule of Recorded Investment and Unpaid Principal Balance for Impaired Loans

The following table presents the recorded investment and unpaid principal balance for impaired loans at June 30, 2017 and December 31, 2016:

			Unpaid		Related
	Recorded		Principal		Allowance for
(In thousands)	Investment		Balance		Loan Losses
June 30, 2017
Commercial and industrial:
Nonaccrual	$	—	$	—	$	—
Real estate
Commercial – Mortgage:
Nonaccrual		219		219		—
Church – Mortgage:
Nonaccrual		—		—		—
Total impaired loans	$	219	$	219	$	—
December 31, 2016
Commercial and industrial:
Nonaccrual	$	—	$	—	$	—
Real estate
Commercial – Mortgage:
Nonaccrual		245		245		—
Church – Mortgage:
Nonaccrual		—		—		—
Total impaired loans	$	245	$	245	$	—

Summary of the Allowance for Loan Losses

A summary of the activity in the allowance for loan losses from December 31, 2016 to June 30, 2017 is as follows:

	December 31,		Charge-							June 30,
(In thousands)	2016		Offs		Recoveries		Provision			2017
Commercial and industrial	$	3,261	$	—	$	21	$	144		$	3,426
Real estate
Commercial:
Mortgage		1,662		—		—		(164	)		1,498
Construction		47		—		—		16			63
Church, church-related:
Mortgage		4,027		—		—		61			4,088
Construction		85		—		—		8			93
Industrial Revenue Bonds		101		—		—		(25	)		76
Other		992		—		—		(40	)		952
Total	$	10,175	$	—	$	21	$	—		$	10,196

A summary of the activity in the allowance for loan losses from December 31, 2015 to June 30, 2016 is as follows:

	December 31,		Charge-							June 30,
(In thousands)	2015		Offs		Recoveries		Provision			2016
Commercial and industrial	$	3,083	$	—	$	37	$	497		$	3,617
Real estate
Commercial:
Mortgage		2,803		—		—		(1,113	)		1,690
Construction		9		—		—		96			105
Church, church-related:
Mortgage		4,082		—		—		34			4,116
Construction		217		—		—		(30	)		187
Industrial Revenue Bonds		320		—		—		(34	)		286
Other		1,121		—		—		(450	)		671
Total	$	11,635	$	—	$	37	$	(1,000	)	$	10,672