Loans by Type (Tables)

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Summary of Loan Categories

A summary of loan categories is as follows:

	June 30,		December 31,
(In thousands)	2019		2018
Commercial and industrial	$	348,176	$	277,091
Real estate:
Commercial:
Mortgage		85,571		95,605
Construction		18,609		11,858
Faith-based:
Mortgage		319,083		316,147
Construction		17,438		20,576
Other		1,675		310
Total loans	$	790,552	$	721,587

Schedule of the Aging Loans by Loan Categories

	Performing						Nonperforming
							90
							Days
			30-59		60-89		and		Non-		Total
(In thousands)	Current		Days		Days		Over		accrual		Loans
June 30, 2019
Commercial and industrial	$	348,176	$	—	$	—	$	—	$	—	$	348,176
Real estate:
Commercial:
Mortgage		85,571		—		—		—		—		85,571
Construction		18,609		—		—		—		—		18,609
Faith-based:
Mortgage		319,083		—		—		—		—		319,083
Construction		17,438		—		—		—		—		17,438
Other		1,675		—		—		—		—		1,675
Total	$	790,552	$	—	$	—	$	—	$	—	$	790,552
December 31, 2018
Commercial and industrial	$	277,091	$	—	$	—	$	—	$	—	$	277,091
Real estate:
Commercial:
Mortgage		95,605		—		—		—		—		95,605
Construction		11,858		—		—		—		—		11,858
Faith-based:
Mortgage		316,147		—		—		—		—		316,147
Construction		20,576		—		—		—		—		20,576
Other		310		—		—		—		—		310
Total	$	721,587	$	—	$	—	$	—	$	—	$	721,587

Schedule of Credit Exposure of the Loan Portfolio

	Loans		Performing		Nonperforming
	Subject to		Loans Subject to		Loans Subject
	Normal		Special		to Special
(In thousands)	Monitoring1		Monitoring2		Monitoring2		Total Loans
June 30, 2019
Commercial and industrial	$	347,416	$	760	$	—	$	348,176
Real estate:
Commercial:
Mortgage		85,434		137		—		85,571
Construction		18,609		—		—		18,609
Faith-based:
Mortgage		317,917		1,166		—		319,083
Construction		17,438		—		—		17,438
Other		1,675		—		—		1,675
Total	$	788,489	$	2,063	$	—	$	790,552
December 31, 2018
Commercial and industrial	$	275,308	$	1,783	$	—	$	277,091
Real estate:
Commercial:
Mortgage		95,447		158		—		95,605
Construction		11,858		—		—		11,858
Faith-based:
Mortgage		314,940		1,207		—		316,147
Construction		20,576		—		—		20,576
Other		310		—		—		310
Total	$	718,439	$	3,148	$	—	$	721,587

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

	December 31,		Charge-						June 30,
(In thousands)	2018		Offs		Recoveries		Provision		2019
Commercial and industrial	$	4,179	$	—	$	31	$	1,058	$	5,268
Real estate:
Commercial:
Mortgage		1,417		—		—		(148)		1,269
Construction		89		—		—		51		140
Church, church-related:
Mortgage		3,961		—		—		36		3,997
Construction		155		—		—		(24)		131
Other		424		—		—		(723)		(299)
Total	$	10,225	$	—	$	31	$	250	$	10,506

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