7. TROUBLED DEBT RESTRUCTURING (Tables)

12 Months Ended

Dec. 31, 2016

Troubled Debt Restructuring Tables

Troubled Debt Restructurings

During the twelve months ended December 31, 2016, the Bank modified 6 loans that were considered to be troubled debt restructurings. These modifications include rate adjustments, revisions to amortization schedules, suspension of principal payments for a temporary period, re-advancing funds to be applied as payments to bring the loan(s) current, or any combination thereof.

	December 31, 2016
			Pre-Modification		Post-Modification
(in thousands)			Outstanding		Outstanding
Troubled Debt Restructurings	Number of Contracts		Recorded Investment		Recorded Investment
Real Estate		2	$	141	$	141
Consumer		4		39		39
Total		6	$	180	$	180

During the twelve months ended December 31, 2015, the Bank modified 16 loans that were considered to be troubled debt restructurings. These modifications included rate adjustments, revisions to amortization schedules, suspension of principal payments for a temporary period, re-advancing funds to be applied as payments to bring the loan(s) current, or any combination thereof.

	December 31, 2015
			Pre-Modification		Post-Modification
(in thousands)			Outstanding		Outstanding
Troubled Debt Restructurings	Number of Contracts		Recorded Investment		Recorded Investment
Commercial		1	$	974	$	974
Real Estate		5		1,408		1,408
Home Equity		4		1,414		1,414
Consumer		6		73		73
Total		16	$	3,869	$	3,869

As of December 31, 2015, there were no loans restructured in the previous twelve months, in default. A restructured loan is considered in default when it becomes 90 days past due.