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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)
 12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Financing Receivable Credit Quality Indicators [Table Text Block]
The following table presents the classes of the loan portfolio summarized by risk rating as of December 31, 2017 and 2016:
 
 
 
Commercial and
 
 
 
(Dollars in thousands)
 
Industrial
 
Commercial Real Estate
 
 
 
2017
 
2016
 
2017
 
2016
 
Grade:
 
 
 
 
 
 
 
 
 
 
 
 
 
1-6  Pass
 
$
97,832
 
$
78,319
 
$
276,682
 
$
243,023
 
7     Special Mention
 
 
10
 
 
4,425
 
 
1,514
 
 
6,224
 
8     Substandard
 
 
1,334
 
 
684
 
 
12,210
 
 
13,817
 
9     Doubtful
 
 
—
 
 
—
 
 
—
 
 
—
 
Add (deduct): Unearned discount and
 
 
—
 
 
—
 
 
—
 
 
—
 
Net deferred loan fees and costs
 
 
161
 
 
145
 
 
564
 
 
455
 
Total loans
 
$
99,337
 
$
83,573
 
$
290,970
 
$
263,519
 
 
 
 
Residential Real Estate
 
 
 
 
 
Including Home Equity
 
Consumer Loans
 
 
 
2017
 
2016
 
2017
 
2016
 
Grade:
 
 
 
 
 
 
 
 
 
 
 
 
 
1-6 Pass
 
$
161,405
 
$
165,862
 
$
5,997
 
$
6,073
 
7    Special Mention
 
 
124
 
 
1,664
 
 
52
 
 
71
 
8    Substandard
 
 
1,444
 
 
1,523
 
 
24
 
 
9
 
9    Doubtful
 
 
—
 
 
—
 
 
—
 
 
—
 
Add (deduct): Unearned discount and
 
 
(1)
 
 
(6)
 
 
—
 
 
—
 
Net deferred loan fees and costs
 
 
(47)
 
 
(8)
 
 
92
 
 
102
 
Total loans
 
$
162,925
 
$
169,035
 
$
6,165
 
$
6,255
 
 
 
 
Total Loans
 
 
 
2017
 
2016
 
Grade:
 
 
 
 
 
 
 
1-6 Pass
 
$
541,916
 
$
493,277
 
7    Special Mention
 
 
1,700
 
 
12,384
 
8    Substandard
 
 
15,012
 
 
16,033
 
9    Doubtful
 
 
—
 
 
—
 
Add (deduct): Unearned discount and
 
 
(1)
 
 
(6)
 
Net deferred loan fees and costs
 
 
770
 
 
694
 
Total loans
 
$
559,397
 
$
522,382
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
The activity in the allowance for loan losses, by loan class, is summarized below for the years indicated.
 
(Dollars in thousands)
 
Commercial
 
 
Commercial
 
 
Residential
 
 
 
 
 
 
 
 
 
 
 
 
and Industrial
 
 
Real Estate
 
 
Real Estate
 
 
Consumer
 
 
Unallocated
 
 
Total
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
836
 
 
$
4,421
 
 
$
1,777
 
 
$
95
 
 
$
228
 
 
$
7,357
 
Charge-offs
 
 
—
 
 
 
(189
)
 
 
(62
)
 
 
(82
)
 
 
—
 
 
 
(333
)
Recoveries
 
 
74
 
 
 
103
 
 
 
9
 
 
 
10
 
 
 
—
 
 
 
196
 
Provision
 
 
39
 
 
 
(268
)
 
 
(68
)
 
 
88
 
 
 
476
 
 
 
267
 
Ending Balance
 
$
949
 
 
$
4,067
 
 
$
1,656
 
 
$
111
 
 
$
704
 
 
$
7,487
 
Ending balance: individually evaluated for impairment
 
$
—
 
 
$
305
 
 
$
22
 
 
$
—
 
 
$
—
 
 
$
327
 
Ending balance: collectively evaluated for impairment
 
$
949
 
 
$
3,762
 
 
$
1,634
 
 
$
111
 
 
$
704
 
 
$
7,160
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Receivable:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance
 
$
99,337
 
 
$
290,970
 
 
$
162,925
 
 
$
6,165
 
 
$
—
 
 
$
559,397
 
Ending balance: individually evaluated for impairment
 
$
1,203
 
 
$
11,673
 
 
$
1,050
 
 
$
—
 
 
$
—
 
 
$
13,926
 
Ending balance: collectively evaluated for impairment
 
$
98,134
 
 
$
279,297
 
 
$
161,875
 
 
$
6,165
 
 
$
—
 
 
$
545,471
 
 
(Dollars in thousands)
 
Commercial
 
 
Commercial
 
 
Residential
 
 
 
 
 
 
 
 
 
 
 
 
and Industrial
 
 
Real Estate
 
 
Real Estate
 
 
Consumer
 
 
Unallocated
 
 
Total
 
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
725
 
 
$
3,983
 
 
$
1,777
 
 
$
96
 
 
$
158
 
 
$
6,739
 
Charge-offs
 
 
(195
)
 
 
(1,200
)
 
 
(61
)
 
 
(38
)
 
 
—
 
 
 
(1,494
)
Recoveries
 
 
9
 
 
 
—
 
 
 
12
 
 
 
8
 
 
 
—
 
 
 
29
 
Provision
 
 
297
 
 
 
1,638
 
 
 
49
 
 
 
29
 
 
 
70
 
 
 
2,083
 
Ending Balance
 
$
836
 
 
$
4,421
 
 
$
1,777
 
 
$
95
 
 
$
228
 
 
$
7,357
 
Ending balance: individually evaluated for impairment
 
$
—
 
 
$
200
 
 
$
19
 
 
$
—
 
 
$
—
 
 
$
219
 
Ending balance: collectively evaluated for impairment
 
$
836
 
 
$
4,221
 
 
$
1,758
 
 
$
95
 
 
$
228
 
 
$
7,138
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Receivable:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance
 
$
83,573
 
 
$
263,519
 
 
$
169,035
 
 
$
6,255
 
 
$
—
 
 
$
522,382
 
Ending balance: individually evaluated for impairment
 
$
416
 
 
$
12,873
 
 
$
1,008
 
 
$
—
 
 
$
—
 
 
$
14,297
 
Ending balance: collectively evaluated for impairment
 
$
83,157
 
 
$
250,646
 
 
$
168,027
 
 
$
6,255
 
 
$
—
 
 
$
508,085
 

(Dollars in thousands)
 
Commercial
 
 
Commercial
 
 
Residential
 
 
 
 
 
 
 
 
 
 
 
 
and Industrial
 
 
Real Estate
 
 
Real Estate
 
 
Consumer
 
 
Unallocated
 
 
Total
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
542
 
 
$
3,176
 
 
$
1,928
 
 
$
107
 
 
$
637
 
 
$
6,390
 
Charge-offs
 
 
(2
)
 
 
(1,759
)
 
 
(210
)
 
 
(45
)
 
 
?
 
 
 
(2,016
)
Recoveries
 
 
22
 
 
 
59
 
 
 
1
 
 
 
6
 
 
 
?
 
 
 
88
 
Provision
 
 
163
 
 
 
2,507
 
 
 
58
 
 
 
28
 
 
 
(479
)
 
 
2,277
 
Ending Balance
 
$
725
 
 
$
3,983
 
 
$
1,777
 
 
$
96
 
 
$
158
 
 
$
6,739
 
Ending balance: individually evaluated for impairment
 
 
$ ?
 
 
$
309
 
 
$
31
 
 
 
$ ?
 
 
 
$ ?
 
 
$
340
 
Ending balance: collectively evaluated for impairment
 
$
725
 
 
$
3,674
 
 
$
1,746
 
 
$
96
 
 
$
158
 
 
$
6,399
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Receivable:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance
 
$
85,074
 
 
$
259,018
 
 
$
166,628
 
 
$
5,890
 
 
 
$ ?
 
 
$
516,610
 
Ending balance: individually evaluated for impairment
 
$
399
 
 
$
12,057
 
 
$
911
 
 
 
$ ?
 
 
 
$ ?
 
 
$
13,367
 
Ending balance: collectively evaluated for impairment
 
$
84,675
 
 
$
246,961
 
 
$
165,717
 
 
$
5,890
 
 
 
$ ?
 
 
$
503,243
 
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
The following table presents the outstanding recorded investment of TDRs at the dates indicated:
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
December 31,
 
December 31,
 
December 31,
 
 
 
2017
 
2016
 
2015
 
Non-accrual TDRs
 
$
273
 
$
267
 
$
477
 
Accruing TDRs
 
 
8,836
 
 
11,362
 
 
10,619
 
Total
 
$
9,109
 
$
11,629
 
$
11,096
 
Troubled Debt Restructurings On Financing Receivables By Type [Table Text Block]
The following table presents information regarding the loan modifications categorized as TDRs during the years ended December 31, 2017, 2016, and 2015:
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2017
 
 
 
 
 
 
Pre-Modification
 
Post-Modification
 
Year-End
 
 
 
Number
 
Outstanding Recorded
 
Outstanding Recorded
 
Recorded
 
 
 
of Contracts
 
Investment
 
Investment
 
Investment
 
Commercial and Industrial
 
 
1
 
$
38
 
$
38
 
$
36
 
Commercial Real Estate
 
 
2
 
 
1,064
 
 
1,072
 
 
1,069
 
Residential Real Estate
 
 
1
 
 
32
 
 
60
 
 
60
 
Total
 
 
4
 
$
1,134
 
$
1,170
 
$
1,165
 
  
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2016
 
 
 
 
 
 
Pre-Modification
 
Post-Modification
 
Year-End
 
 
 
Number
 
Outstanding Recorded
 
Outstanding Recorded
 
Recorded
 
 
 
of Contracts
 
Investment
 
Investment
 
Investment
 
Commercial and Industrial
 
 
4
 
$
86
 
$
86
 
$
21
 
Commercial Real Estate
 
 
5
 
 
2,316
 
 
2,316
 
 
2,001
 
Residential Real Estate
 
 
—
 
 
—
 
 
—
 
 
—
 
Total
 
 
9
 
$
2,402
 
$
2,402
 
$
2,022
 
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2015
 
 
 
 
 
 
Pre-Modification
 
Post-Modification
 
Year-End
 
 
 
Number
 
Outstanding Recorded
 
Outstanding Recorded
 
Recorded
 
 
 
of Contracts
 
Investment
 
Investment
 
Investment
 
Commercial and Industrial
 
 
1
 
$
23
 
$
23
 
$
20
 
Commercial Real Estate
 
 
7
 
 
8,612
 
 
8,744
 
 
8,727
 
Residential Real Estate
 
 
—
 
 
—
 
 
—
 
 
—
 
Total
 
 
8
 
$
8,635
 
$
8,767
 
$
8,747
 
Loan Modifications By Type [Table Text Block]
The following table provides detail regarding the types of loan modifications made for loans categorized as TDRs during the years ended December 31, 2017, 2016, and 2015 with the total number of each type of modification performed.
 
 
 
Year Ended December 31, 2017
 
Year Ended December 31, 2016
 
 
 
Rate
 
Term
 
Payment
 
Number
 
Rate
 
Term
 
Payment
 
Number
 
 
 
Modification
 
Modification
 
Modification
 
Modified
 
Modification
 
Modification
 
Modification
 
Modified
 
Commercial and Industrial
 
 
—
 
 
—
 
 
1
 
 
1
 
 
—
 
 
3
 
 
1
 
 
4
 
Commercial Real Estate
 
 
—
 
 
1
 
 
1
 
 
2
 
 
—
 
 
3
 
 
2
 
 
5
 
Residential Real Estate
 
 
—
 
 
—
 
 
1
 
 
1
 
 
—
 
 
—
 
 
—
 
 
—
 
Total
 
 
—
 
 
1
 
 
3
 
 
4
 
 
—
 
 
6
 
 
3
 
 
9
 
 
 
 
Year Ended December 31, 2015
 
 
 
Rate
 
Term
 
Payment
 
Number
 
 
 
Modification
 
Modification
 
Modification
 
Modified
 
Commercial and Industrial
 
 
—
 
 
1
 
 
—
 
 
1
 
Commercial Real Estate
 
 
—
 
 
4
 
 
3
 
 
7
 
Residential Real Estate
 
 
—
 
 
—
 
 
—
 
 
—
 
Total
 
 
—
 
 
5
 
 
3
 
 
8
 
Impaired Financing Receivables [Table Text Block]
The recorded investment, unpaid principal balance, and the related allowance of the Corporation’s impaired loans are summarized below for the periods ended December 31, 2017 and 2016.
 
(Dollars in thousands)
 
December 31, 2017
 
December 31, 2016
 
 
 
 
 
 
Unpaid
 
 
 
 
 
Unpaid
 
 
 
 
 
Recorded
 
Principal
 
Related
 
Recorded
 
Principal
 
Related
 
 
 
Investment
 
Balance
 
Allowance
 
Investment
 
Balance
 
Allowance
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
$
1,203
 
$
1,203
 
$
—
 
$
416
 
$
416
 
$
—
 
Commercial Real Estate
 
 
9,199
 
 
11,383
 
 
—
 
 
11,905
 
 
14,352
 
 
—
 
Residential Real Estate
 
 
878
 
 
1,024
 
 
—
 
 
584
 
 
745
 
 
—
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
 
—
 
 
—
 
 
—
 
 
—
 
 
—
 
 
—
 
Commercial Real Estate
 
 
2,474
 
 
3,889
 
 
305
 
 
968
 
 
2,383
 
 
200
 
Residential Real Estate
 
 
172
 
 
172
 
 
22
 
 
424
 
 
424
 
 
19
 
Total
 
$
13,926
 
$
17,671
 
$
327
 
$
14,297
 
$
18,320
 
$
219
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total consists of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
$
1,203
 
$
1,203
 
$
—
 
$
416
 
$
416
 
$
—
 
Commercial Real Estate
 
$
11,673
 
$
15,272
 
$
305
 
$
12,873
 
$
16,735
 
$
200
 
Residential Real Estate
 
$
1,050
 
$
1,196
 
$
22
 
$
1,008
 
$
1,169
 
$
19
 
 
The average recorded investment and interest income recognized for the Corporation’s impaired loans are summarized below for the years ended December 31, 2017, 2016 and 2015.
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended
 
For the Year Ended
 
For the Year Ended
 
 
 
December 31, 2017
 
December 31, 2016
 
December 31, 2015
 
 
 
Average
 
Interest
 
Average
 
Interest
 
Average
 
Interest
 
 
 
Recorded
 
Income
 
Recorded
 
Income
 
Recorded
 
Income
 
 
 
Investment
 
Recognized
 
Investment
 
Recognized
 
Investment
 
Recognized
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
$
1,032
 
$
25
 
$
435
 
$
17
 
$
404
 
$
16
 
Commercial Real Estate
 
 
11,140
 
 
485
 
 
11,434
 
 
528
 
 
5,971
 
 
280
 
Residential Real Estate
 
 
789
 
 
7
 
 
426
 
 
7
 
 
421
 
 
3
 
Consumer
 
 
—
 
 
—
 
 
—
 
 
—
 
 
2
 
 
—
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
 
—
 
 
—
 
 
—
 
 
—
 
 
—
 
 
—
 
Commercial Real Estate
 
 
1,630
 
 
4
 
 
968
 
 
—
 
 
3,377
 
 
267
 
Residential Real Estate
 
 
215
 
 
—
 
 
427
 
 
—
 
 
443
 
 
—
 
Consumer
 
 
—
 
 
—
 
 
—
 
 
—
 
 
—
 
 
—
 
Total
 
$
14,806
 
$
521
 
$
13,690
 
$
552
 
$
10,618
 
$
566
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total consists of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
$
1,032
 
$
25
 
$
435
 
$
17
 
$
404
 
$
16
 
Commercial Real Estate
 
$
12,770
 
$
489
 
$
12,402
 
$
528
 
$
9,348
 
$
547
 
Residential Real Estate
 
$
1,004
 
$
7
 
$
853
 
$
7
 
$
864
 
$
3
 
Consumer
 
$
—
 
$
—
 
$
—
 
$
—
 
$
2
 
$
—
 
Schedule of Non-Performing Assets [Table Text Block]
Total non-performing assets (which includes loans receivable on non-accrual status, foreclosed assets held for resale and loans past-due 90 days or more and still accruing interest) as of December 31, 2017 and 2016 were as follows: 
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
December 31,
 
December 31,
 
 
 
2017
 
2016
 
Commercial and Industrial
 
$
798
 
$
—
 
Commercial Real Estate
 
 
3,302
 
 
1,927
 
Residential Real Estate
 
 
990
 
 
1,008
 
Total non-accrual loans
 
 
5,090
 
 
2,935
 
Foreclosed assets held for resale
 
 
1,071
 
 
1,273
 
Loans past-due 90 days or more and still accruing interest
 
 
70
 
 
34
 
Total non-performing assets
 
$
6,231
 
$
4,242
 
Past Due Financing Receivables [Table Text Block]
The following tables present the classes of the loan portfolio summarized by the past-due status at December 31, 2017 and 2016:
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
90 Days
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Or Greater
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Past Due
 
 
 
 
 
 
 
 
 
90 Days
 
 
 
 
 
 
 
and Still
 
 
 
30-59 Days
 
60-89 Days
 
or Greater
 
Total
 
 
 
Total
 
Accruing
 
 
 
Past Due
 
Past Due
 
Past Due
 
Past Due
 
Current
 
Loans
 
Interest
 
December 31, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
$
68
 
$
42
 
$
—
 
$
110
 
$
99,227
 
$
99,337
 
$
—
 
Commercial Real Estate
 
 
603
 
 
201
 
 
2,606
 
 
3,410
 
 
287,560
 
 
290,970
 
 
50
 
Residential Real Estate
 
 
1,952
 
 
484
 
 
584
 
 
3,020
 
 
159,905
 
 
162,925
 
 
20
 
Consumer
 
 
21
 
 
2
 
 
—
 
 
23
 
 
6,142
 
 
6,165
 
 
—
 
Total
 
$
2,644
 
$
729
 
$
3,190
 
$
6,563
 
$
552,834
 
$
559,397
 
$
70
 
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
90 Days
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Or Greater
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Past Due
 
 
 
 
 
 
 
 
 
90 Days
 
 
 
 
 
 
 
and Still
 
 
 
30-59 Days
 
60-89 Days
 
or Greater
 
Total
 
 
 
Total
 
Accruing
 
 
 
Past Due
 
Past Due
 
Past Due
 
Past Due
 
Current
 
Loans
 
Interest
 
December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
$
130
 
$
—
 
$
—
 
$
130
 
$
83,443
 
$
83,573
 
$
—
 
Commercial Real Estate
 
 
1,019
 
 
273
 
 
1,927
 
 
3,219
 
 
260,300
 
 
263,519
 
 
—
 
Residential Real Estate
 
 
1,750
 
 
542
 
 
1,020
 
 
3,312
 
 
165,723
 
 
169,035
 
 
34
 
Consumer
 
 
28
 
 
8
 
 
—
 
 
36
 
 
6,219
 
 
6,255
 
 
—
 
Total
 
$
2,927
 
$
823
 
$
2,947
 
$
6,697
 
$
515,685
 
$
522,382
 
$
34