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LOANS AND ALLOWANCE FOR LOAN LOSSES
 12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Financing Receivables [Text Block]
NOTE 4 — LOANS AND ALLOWANCE FOR LOAN LOSSES
 
The following table presents the classes of the loan portfolio summarized by risk rating as of December 31, 2018 and 2017:
 
 
 
Commercial and
 
 
 
 
(Dollars in thousands)
 
Industrial
 
 
Commercial Real Estate
 
 
 
2018
 
 
2017
 
 
2018
 
 
2017
 
Grade:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-6 Pass
 
$
90,835
 
 
$
97,832
 
 
$
329,126
 
 
$
276,682
 
7    Special Mention
 
 
6
 
 
 
10
 
 
 
5,249
 
 
 
1,514
 
8    Substandard
 
 
1,219
 
 
 
1,334
 
 
 
13,403
 
 
 
12,210
 
9    Doubtful
 
 
—
 
 
 
—
 
 
 
―
 
 
 
—
 
Add (deduct):   Unearned discount and
 
 
—
 
 
 
—
 
 
 
―
 
 
 
—
 
Net deferred loan fees and costs
 
 
160
 
 
 
161
 
 
 
698
 
 
 
564
 
Total loans
 
$
92,220
 
 
$
99,337
 
 
$
348,476
 
 
$
290,970
 
 
 
 
Residential Real Estate
 
 
 
 
 
 
 
 
 
Including Home Equity
 
 
Consumer Loans
 
 
 
2018
 
 
2017
 
 
2018
 
 
2017
 
Grade:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1-6 Pass
 
$
158,755
 
 
$
161,405
 
 
$
5,854
 
 
$
5,997
 
7    Special Mention
 
 
121
 
 
 
124
 
 
 
1
 
 
 
52
 
8    Substandard
 
 
941
 
 
 
1,444
 
 
 
9
 
 
 
24
 
9    Doubtful
 
 
—
 
 
 
—
 
 
 
―
 
 
 
—
 
Add (deduct):   Unearned discount and
 
 
—
 
 
 
(1
)
 
 
—
 
 
 
—
 
Net deferred loan fees and costs
 
 
(76
)
 
 
(47
)
 
 
91
 
 
 
92
 
Total loans
 
$
159,741
 
 
$
162,925
 
 
$
5,955
 
 
$
6,165
 
 
 
 
Total Loans
 
 
 
2018
 
 
2017
 
Grade:
 
 
 
 
 
 
 
 
1-6 Pass
 
$
584,570
 
 
$
541,916
 
7 Special Mention
 
 
5,377
 
 
 
1,700
 
8 Substandard
 
 
15,572
 
 
 
15,012
 
9 Doubtful
 
 
—
 
 
 
—
 
Add (deduct):   Unearned discount and
 
 
—
 
 
 
(1
)
Net deferred loan fees and costs
 
 
873
 
 
 
770
 
Total loans
 
$
606,392
 
 
$
559,397
 
 
Commercial and Industrial and Commercial Real Estate include loans categorized as tax-free in the amounts of $24,161,000 and $2,164,000 at December 31, 2018 and $40,926,000 and $2,315,000 at December 31, 2017. Loans held for sale amounted to $365,000 at December 31, 2018 and $834,000 at December 31, 2017.
 
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
 
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
949
 
 
$
4,067
 
 
$
1,656
 
 
$
111
 
 
$
704
 
 
$
7,487
 
Charge-offs
 
 
(18
)
 
 
(783
)
 
 
(181
)
 
 
(57
)
 
 
—
 
 
 
(1,039
)
Recoveries
 
 
31
 
 
 
60
 
 
 
—
 
 
 
6
 
 
 
—
 
 
 
97
 
Provision
 
 
(238
)
 
 
356
 
 
 
175
 
 
 
57
 
 
 
(150
)
 
 
200
 
Ending Balance
 
$
724
 
 
$
3,700
 
 
$
1,650
 
 
$
117
 
 
$
554
 
 
$
6,745
 
Ending balance: individually
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
evaluated for impairment
 
$
—
 
 
$
1
 
 
$
—
 
 
$
—
 
 
$
—
 
 
$
1
 
Ending balance: collectively
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
evaluated for impairment
 
$
724
 
 
$
3,699
 
 
$
1,650
 
 
$
117
 
 
$
554
 
 
$
6,744
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Receivable:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance
 
$
92,220
 
 
$
348,476
 
 
$
159,741
 
 
$
5,955
 
 
$
—
 
 
$
606,392
 
Ending balance: individually
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
evaluated for impairment
 
$
1,126
 
 
$
15,890
 
 
$
577
 
 
$
—
 
 
$
—
 
 
$
17,593
 
Ending balance: collectively
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
evaluated for impairment
 
$
91,094
 
 
$
332,586
 
 
$
159,164
 
 
$
5,955
 
 
$
—
 
 
$
588,799
 
 
(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
 
 
Of the $1,163,000 in foreclosed assets held for resale at December 31, 2018, $268,000 was secured by residential real estate, $39,000 was secured by land, and $856,000 was secured by commercial real estate. All foreclosed assets were held as the result of obtaining physical possession. Of the $1,071,000 in foreclosed assets held for resale at December 31, 2017, $15,000 was secured by residential real estate, $50,000 was secured by land, and $1,006,000 was secured by commercial real estate. Consumer mortgage loans secured by residential real estate for which the Bank has entered into formal foreclosure proceedings but for which physical possession of the property has yet to be obtained amounted to $718,000 at December 31, 2018 and $485,000 at December 31, 2017. These balances were not included in foreclosed assets held for resale at December 31, 2018 and 2017.
 
From time to time, the Bank may agree to modify the contractual terms of a borrower’s loan. In cases where the modifications represent a concession to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring (“TDR”).
 
The outstanding recorded investment of loans categorized as TDRs as of December 31, 2018 and December 31, 2017 was $13,777,000 and $9,109,000, respectively. The increase in TDRs at December 31, 2018 is mainly attributable to a loan in the amount of $
4,296,000
to a real estate developer specializing in commercial office space that was modified as a TDR during the fourth quarter of 2018 to extend the maturity date of the loan. There were no unfunded commitments on TDRs at December 31, 2018 and 2017.
 
For the year ended December 31, 2018, twelve loans with a combined post modification balance of $5,627,000 were classified as TDRs, as compared to the year ended December 31, 2017 when four loans with a combined post modification balance of $1,170,000 were classified as TDRs. The loan modifications for the year ended December 31, 2018 consisted of one interest rate modification, three term modifications beyond the original stated term and eight payment modifications. The loan modifications for the year ended December 31, 2017 consisted of one term modification beyond the original stated term and three payment modifications.
 
The following table presents the outstanding recorded investment of TDRs at the dates indicated:
 
(Dollars in thousands)
 
 
 
December 31,
 
 
December 31,
 
 
 
2018
 
 
2017
 
Non-accrual TDRs
 
$
80
 
 
$
273
 
Accruing TDRs
 
 
13,697
 
 
 
8,836
 
Total
 
$
13,777
 
 
$
9,109
 
 
At December 31, 2018, nine Commercial Real Estate loans classified as TDRs with a combined recorded investment of $499,000 and one Commercial and Industrial loan classified as a TDR with a recorded investment of $6,000 were not in compliance with the terms of their restructure, compared to December 31, 2017 when six Commercial Real Estate loans classified as TDRs with a combined recorded investment of $340,000 and one Residential Real Estate loan classified as a TDR with a recorded investment of $60,000 were not in compliance with the terms of their restructure.
 
During the year ended December 31, 2018, five Commercial Real Estate loans totaling $163,000 that were modified as TDRs within the twelve months preceding December 31, 2018 had experienced payment defaults, as compared to the year ended December 31, 2017 when no loans that were modified as TDRs within the twelve months preceding December 31, 2017 had experienced payment defaults.
 
The following table presents information regarding the loan modifications categorized as TDRs during the years ended December 31, 2018 and 2017.
 
(Dollars in thousands)
 
 
Year Ended December 31, 2018
 
 
 
 
 
 
Pre-Modification
 
 
Post-Modification
 
 
Year-End
 
 
 
Number
 
 
Outstanding Recorded
 
 
Outstanding Recorded
 
 
Recorded
 
 
 
of Contracts
 
 
Investment
 
 
Investment
 
 
Investment
 
Commercial and Industrial
 
 
3
 
 
$
751
 
 
$
751
 
 
$
771
 
Commercial Real Estate
 
 
8
 
 
 
4,833
 
 
 
4,850
 
 
 
4,688
 
Residential Real Estate
 
 
1
 
 
 
26
 
 
 
26
 
 
 
25
 
Total
 
 
12
 
 
$
5,610
 
 
$
5,627
 
 
$
5,484
 
 
(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
 
 
The following table provides detail regarding the types of loan modifications made for loans categorized as TDRs during the years ended December 31, 2018 and 2017 with the total number of each type of modification performed.
 
 
 
Year Ended December 31, 2018
 
 
Year Ended December 31, 2017
 
 
 
Rate
 
 
Term
 
 
Payment
 
 
Number
 
 
Rate
 
 
Term
 
 
Payment
 
 
Number
 
 
 
Modification
 
 
Modification
 
 
Modification
 
 
Modified
 
 
Modification
 
 
Modification
 
 
Modification
 
 
Modified
 
Commercial and Industrial
 
 
―
 
 
 
—
 
 
 
3
 
 
 
3
 
 
 
―
 
 
 
—
 
 
 
1
 
 
 
1
 
Commercial Real Estate
 
 
1
 
 
 
2
 
 
 
5
 
 
 
8
 
 
 
—
 
 
 
1
 
 
 
1
 
 
 
2
 
Residential Real Estate
 
 
―
 
 
 
1
 
 
 
—
 
 
 
1
 
 
 
―
 
 
 
―
 
 
 
1
 
 
 
1
 
Total
 
 
1
 
 
 
3
 
 
 
8
 
 
 
12
 
 
 
—
 
 
 
1
 
 
 
3
 
 
 
4
 
 
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, 2018 and 2017.
 
(Dollars in thousands)
 
 
 
December 31, 2018
 
 
December 31, 2017
 
 
 
 
 
 
Unpaid
 
 
 
 
 
 
 
 
Unpaid
 
 
 
 
 
 
Recorded
 
 
Principal
 
 
Related
 
 
Recorded
 
 
Principal
 
 
Related
 
 
 
Investment
 
 
Balance
 
 
Allowance
 
 
Investment
 
 
Balance
 
 
Allowance
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
$
1,126
 
 
$
1,126
 
 
$
—
 
 
$
1,203
 
 
$
1,203
 
 
$
—
 
Commercial Real Estate
 
 
15,807
 
 
 
20,107
 
 
 
—
 
 
 
9,199
 
 
 
11,383
 
 
 
—
 
Residential Real Estate
 
 
577
 
 
 
619
 
 
 
—
 
 
 
878
 
 
 
1,024
 
 
 
—
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Commercial Real Estate
 
 
83
 
 
 
83
 
 
 
1
 
 
 
2,474
 
 
 
3,889
 
 
 
305
 
Residential Real Estate
 
 
—
 
 
 
—
 
 
 
—
 
 
 
172
 
 
 
172
 
 
 
22
 
Total
 
$
17,593
 
 
$
21,935
 
 
$
1
 
 
$
13,926
 
 
$
17,671
 
 
$
327
 
Total consists of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
$
1,126
 
 
$
1,126
 
 
$
—
 
 
$
1,203
 
 
$
1,203
 
 
$
—
 
Commercial Real Estate
 
$
15,890
 
 
$
20,190
 
 
$
1
 
 
$
11,673
 
 
$
15,272
 
 
$
305
 
Residential Real Estate
 
$
577
 
 
$
619
 
 
$
—
 
 
$
1,050
 
 
$
1,196
 
 
$
22
 
 
 
At December 31, 2018 and 2017, $13,777,000 and $9,109,000 of loans classified as TDRs were included in impaired loans with a total allocated allowance of $1,000 and $2,000, respectively. The recorded investment represents the loan balance reflected on the Consolidated Balance Sheets net of any charge-offs. The unpaid balance is equal to the gross amount due on the loan.
 
The average recorded investment and interest income recognized for the Corporation’s impaired loans are summarized below for the years ended December 31, 2018 and 2017.
 
(Dollars in thousands)
 
 
 
For the Year Ended
 
 
For the Year Ended
 
 
 
December 31, 2018
 
 
December 31, 2017
 
 
 
Average
 
 
Interest
 
 
Average
 
 
Interest
 
 
 
Recorded
 
 
Income
 
 
Recorded
 
 
Income
 
 
 
Investment
 
 
Recognized
 
 
Investment
 
 
Recognized
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
$
1,157
 
 
$
53
 
 
$
1,032
 
 
$
25
 
Commercial Real Estate
 
 
11,575
 
 
 
623
 
 
 
11,140
 
 
 
485
 
Residential Real Estate
 
 
794
 
 
 
11
 
 
 
789
 
 
 
7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Commercial Real Estate
 
 
662
 
 
 
3
 
 
 
1,630
 
 
 
4
 
Residential Real Estate
 
 
138
 
 
 
—
 
 
 
215
 
 
 
—
 
Total
 
$
14,326
 
 
$
690
 
 
$
14,806
 
 
$
521
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total consists of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
$
1,157
 
 
$
53
 
 
$
1,032
 
 
$
25
 
Commercial Real Estate
 
$
12,237
 
 
$
626
 
 
$
12,770
 
 
$
489
 
Residential Real Estate
 
$
932
 
 
$
11
 
 
$
1,004
 
 
$
7
 
 
 
Of the $690,000 and $521,000 in interest income recognized on impaired loans for the years ended December 31, 2018 and 2017, respectively, $9,000 and $20,000 was recognized with respect to non-accrual loans.
 
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, 2018 and 2017 were as follows:
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
December 31,
 
 
December 31,
 
 
 
2018
 
 
2017
 
Commercial and Industrial
 
$
—
 
 
$
798
 
Commercial Real Estate
 
 
3,402
 
 
 
3,302
 
Residential Real Estate
 
 
494
 
 
 
990
 
Total non-accrual loans
 
 
3,896
 
 
 
5,090
 
Foreclosed assets held for resale
 
 
1,163
 
 
 
1,071
 
Loans past-due 90 days or more and still accruing interest
 
 
228
 
 
 
70
 
Total non-performing assets
 
$
5,287
 
 
$
6,231
 
 
If interest on non-accrual loans had been accrued at original contract rates, interest income would have increased by $784,000 in 2018 and $328,000 in 2017.
 
The following tables present the classes of the loan portfolio summarized by the past-due status at December 31, 2018 and 2017:
 
(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, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and Industrial
 
$
16
 
 
$
30
 
 
$
—
 
 
$
46
 
 
$
92,174
 
 
$
92,220
 
 
$
—
 
Commercial Real Estate
 
 
1,990
 
 
 
630
 
 
 
3,477
 
 
 
6,097
 
 
 
342,379
 
 
 
348,476
 
 
 
145
 
Residential Real Estate
 
 
1,519
 
 
 
228
 
 
 
456
 
 
 
2,203
 
 
 
157,538
 
 
 
159,741
 
 
 
83
 
Consumer
 
 
12
 
 
 
—
 
 
 
—
 
 
 
12
 
 
 
5,943
 
 
 
5,955
 
 
 
—
 
Total
 
$
3,537
 
 
$
888
 
 
$
3,933
 
 
$
8,358
 
 
$
598,034
 
 
$
606,392
 
 
$
228
 
 
(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
 
 
At December 31, 2018, commitments to lend additional funds with respect to impaired loans consisted of one irrevocable letter of credit in the amount of $1,249,000 that was associated with a loan to a developer of a residential sub-division. At December 31, 2017, commitments to lend additional funds with respect to impaired loans consisted of three irrevocable letters of credit totaling $1,268,000. One irrevocable letter of credit in the amount of $1,249,000 was associated with a loan to a developer of a residential sub-division. Two irrevocable letters of credit totaling $19,000 were associated with a loan to a non-profit community recreation facility.