Loans by Type (Tables)

6 Months Ended

Jun. 30, 2018

Receivables [Abstract]

Summary of Loan Categories

A summary of loan categories is as follows:

	June 30,		December 31,
(In thousands)	2018		2017
Commercial and industrial	$	257,236	$	236,394
Real estate
Commercial:
Mortgage		88,887		94,675
Construction		21,347		9,359
Church, church-related:
Mortgage		310,402		316,073
Construction		35,212		25,948
Industrial revenue bonds		1,739		3,374
Other		38		408
Total loans	$	714,861	$	686,231

Schedule of the Aging Loans by Loan Categories

The following table presents the aging of loans by loan categories at June 30, 2018 and December 31, 2017:

	Performing						Nonperforming
							90 Days
			30-59		60-89		and		Non-		Total
(In thousands)	Current		Days		Days		Over		accrual		Loans
June 30, 2018
Commercial and industrial	$	257,236	$	—	$	—	$	—	$	—	$	257,236
Real estate
Commercial:
Mortgage		88,887		—		—		—		—		88,887
Construction		21,347		—		—		—		—		21,347
Church, church-related:
Mortgage		310,402		—		—		—		—		310,402
Construction		35,212		—		—		—		—		35,212
Industrial revenue bonds		1,739		—		—		—		—		1,739
Other		38		—		—		—		—		38
Total	$	714,861	$	—	$	—	$	—	$	—	$	714,861
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 internal credit grade as of June 30, 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
June 30, 2018
Commercial and industrial	$	256,231	$	1,005	$	—	$	257,236
Real estate
Commercial:
Mortgage		88,715		172		—		88,887
Construction		21,347		—		—		21,347
Church, church-related:
Mortgage		310,315		87		—		310,402
Construction		35,212		—		—		35,212
Industrial revenue bonds		1,739		—		—		1,739
Other		38		—		—		38
Total	$	713,597	$	1,264	$	—	$	714,861
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 June 30, 2018 is as follows:

	December 31,		Charge-						June 30,
(In thousands)	2017		Offs		Recoveries		Provision		2018
Commercial and industrial	$	3,652	$	—	$	10	$	311	$	3,973
Real estate
Commercial:
Mortgage		1,394		—		—		(80)		1,314
Construction		70		—		—		90		160
Church, church-related:
Mortgage		3,962		—		—		(71)		3,891
Construction		196		—		—		68		264
Industrial revenue bonds		52		—		—		(25)		27
Other		879		—		—		(293)		586
Total	$	10,205	$	—	$	10	$	—	$	10,215

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