Loans by Type (Tables)

9 Months Ended

Sep. 30, 2019

Receivables [Abstract]

Summary of Loan Categories

A summary of loan categories is as follows:

(In thousands)	September 30, 2019		December 31, 2018
Commercial and industrial	$	325,077	$	277,091
Real estate:
Commercial:
Mortgage		83,925		95,605
Construction		24,026		11,858
Faith-based:
Mortgage		318,809		316,147
Construction		15,545		20,576
Other		2		310
Total loans	$	767,384	$	721,587

Schedule of the Aging Loans by Loan Categories

The following table presents the aging of loans by loan categories at September 30, 2019 and December 31, 2018:

	Performing						Nonperforming
(In thousands)	Current		30-59 Days		60-89 Days		90 Days and Over		Non- accrual		Total Loans
September 30, 2019
Commercial and industrial	$	325,077	$	—	$	—	$	—	$	—	$	325,077
Real estate:
Commercial:
Mortgage		83,925		—		—		—		—		83,925
Construction		24,026		—		—		—		—		24,026
Faith-based:
Mortgage		318,809		—		—		—		—		318,809
Construction		15,545		—		—		—		—		15,545
Other		2		—		—		—		—		2
Total	$	767,384	$	—	$	—	$	—	$	—	$	767,384
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

The following table presents the credit exposure of the loan portfolio as of September 30, 2019 and December 31, 2018:

(In thousands)	Loans Subject to Normal Monitoring1		Performing Loans Subject to Special Monitoring2		Nonperforming Loans Subject to Special Monitoring2		Total Loans
September 30, 2019
Commercial and industrial	$	322,491	$	2,586	$	—	$	325,077
Real estate:
Commercial:
Mortgage		83,925		—		—		83,925
Construction		24,026		—		—		24,026
Faith-based:
Mortgage		317,479		1,330		—		318,809
Construction		15,545		—		—		15,545
Other		2		—		—		2
Total	$	763,468	$	3,916	$	—	$	767,384
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

A summary of the activity in the allowance for loan losses from December 31, 2018 to September 30, 2019 is as follows:

(In thousands)	December 31, 2018		Charge- Offs		Recoveries		Provision		September 30, 2019
Commercial and industrial	$	4,179	$	—	$	34	$	672	$	4,885
Real estate:
Commercial:
Mortgage		1,417		—		—		(161)		1,256
Construction		89		—		—		91		180
Faith-based:
Mortgage		3,961		—		—		32		3,993
Construction		155		—		—		(38)		117
Other		424		—		—		(346)		78
Total	$	10,225	$	—	$	34	$	250	$	10,509

-12-

A summary of the activity in the allowance for loan losses from December 31, 2017 to September 30, 2018 is as follows:

(In thousands)	December 31, 2017		Charge- Offs		Recoveries		Provision		September 30, 2018
Commercial and industrial	$	3,652	$	—	$	15	$	535	$	4,202
Real estate:
Commercial:
Mortgage		1,394		—		—		(9)		1,385
Construction		70		—		—		100		170
Faith-based:
Mortgage		3,962		—		—		(105)		3,857
Construction		196		—		—		34		230
Industrial Revenue Bonds		52		—		—		(38)		14
Other		879		—		—		(517)		362
Total	$	10,205	$	—	$	15	$	—	$	10,220