Loans by Type (Tables)

3 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Summary of Loan Categories

A summary of loan categories is as follows:

	March 31,		December 31,
(In thousands)	2018		2017
Commercial and industrial	$	256,381	$	236,394
Real estate
Commercial:
Mortgage		90,742		94,675
Construction		15,708		9,359
Church, church-related:
Mortgage		307,654		316,073
Construction		28,932		25,948
Industrial Revenue Bonds		2,557		3,374
Other		26		408
Total loans	$	702,000	$	686,231

Schedule of the Aging Loans by Loan Categories

The following table presents the aging of loans by loan categories at March 31, 2018 and December 31, 2017:

	Performing						Nonperforming
							90 Days
			30-59		60-89		and		Non-		Total
(In thousands)	Current		Days		Days		Over		accrual		Loans
March 31, 2018
Commercial and industrial	$	256,381	$	—	$	—	$	—	$	—	$	256,381
Real estate
Commercial:
Mortgage		90,742		—		—		—		—		90,742
Construction		15,708		—		—		—		—		15,708
Church, church-related:
Mortgage		307,654		—		—		—		—		307,654
Construction		28,932		—		—		—		—		28,932
Industrial Revenue Bonds		2,557		—		—		—		—		2,557
Other		26		—		—		—		—		26
Total	$	702,000	$	—	$	—	$	—	$	—	$	702,000
December 31, 2017
Commercial and industrial	$	236,394	$	—	$	—	$	—	$	—	$	236,394
Real estate
Commercial:
Mortgage		94,675		—		—		—		—		94,675
Construction		9,359		—		—		—		—		9,359
Church, church-related:
Mortgage		316,073		—		—		—		—		316,073
Construction		25,948		—		—		—		—		25,948
Industrial Revenue Bonds		3,374		—		—		—		—		3,374
Other		408		—		—		—		—		408
Total	$	686,231	$	—	$	—	$	—	$	—	$	686,231

Schedule of Credit Exposure of the Loan Portfolio

The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of March 31, 2018 and December 31, 2017:

	Loans		Performing		Nonperforming
	Subject to		Loans Subject to		Loans Subject
	Normal		Special		to Special
(In thousands)	Monitoring1		Monitoring2		Monitoring2		Total Loans
March 31, 2018
Commercial and industrial	$	254,932	$	1,449	$	—	$	256,381
Real estate
Commercial:
Mortgage		89,882		860		—		90,742
Construction		15,708		—		—		15,708
Church, church-related:
Mortgage		307,559		95		—		307,654
Construction		28,932		—		—		28,932
Industrial Revenue Bonds		2,557		—		—		2,557
Other		26		—		—		25
Total	$	699,596	$	2,404	$	—	$	702,000
December 31, 2017
Commercial and industrial	$	234,271	$	2,123	$	—	$	236,394
Real estate
Commercial:
Mortgage		93,788		887		—		94,675
Construction		9,359		—		—		9,359
Church, church-related:
Mortgage		316,042		31		—		316,073
Construction		25,948		—		—		25,948
Industrial Revenue Bonds		3,374		—		—		3,374
Other		408		—		—		408
Total	$	683,190	$	3,041	$	—	$	686,231

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.

Summary of the Allowance for Loan Losses

A summary of the activity in the allowance for loan losses from December 31, 2017 to March 31, 2018 is as follows:

	December 31,		Charge-							March 31,
(In thousands)	2017		Offs		Recoveries		Provision			2018
Commercial and industrial	$	3,652	$	—	$	5	$	320		$	3,977
Real estate
Commercial:
Mortgage		1,394		—		—		(53	)		1,341
Construction		70		—		—		48			118
Church, church-related:
Mortgage		3,962		—		—		(106	)		3,856
Construction		196		—		—		22			218
Industrial Revenue Bond		52		—		—		(12	)		40
Other		879		—		—		(219	)		660
Total	$	10,205	$	—	$	5	$	—		$	10,210