Loans (Tables)

9 Months Ended

Sep. 30, 2020

Loans

Schedule of loans outstanding

(dollars in thousands)	2020		2019
Construction/Land Development	$	71,377	$	77,131
Farmland		47,454		29,718
Real Estate		166,591		178,267
Multi-Family		6,001		5,364
Commercial Real Estate		132,564		129,850
Home Equity – closed end		8,768		9,523
Home Equity – open end		47,035		47,774
Commercial & Industrial – Non-Real Estate		89,874		33,535
Consumer		10,113		10,165
Dealer Finance		90,004		78,976
Credit Cards		2,744		3,122
Total	$	672,525	$	603,425

Summary of information pertaining to impaired loans

	September 30, 2020						December 31, 2019
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
	Investment(1)		Balance		Allowance		Investment		Balance		Allowance
Impaired loans without a valuation allowance:
Construction/Land Development	$	1,664	$	1,664	$	-	$	2,042	$	2,042	$	-
Farmland		-		-		-		-		-		-
Real Estate		4,916		4,916		-		5,131		5,131		-
Multi-Family		-		-		-		-		-		-
Commercial Real Estate		824		824		-		1,302		1,302		-
Home Equity – closed end		699		699		-		716		716		-
Home Equity – open end		-		-		-		-		-		-
Commercial & Industrial – Non-Real Estate		11		11		-		17		17		-
Consumer		-		-		-		-		-		-
Credit cards		-		-		-		-		-		-
Dealer Finance		17		17		-		79		79		-
		8,131		8,131		-		9,287		9,287		-
Impaired loans with a valuation allowance
Construction/Land Development	$	261	$	261	$	77	$	1,036	$	2,061	$	85
Farmland		1,751		1,751		449		1,933		1,933		537
Real Estate		9,293		9,293		588		10,404		10,404		569
Multi-Family		-		-		-		-		-		-
Commercial Real Estate		4,292		4,292		1,017		638		638		213
Home Equity – closed end		-		-		-		-		-		-
Home Equity – open end		151		151		13		151		151		151
Commercial & Industrial – Non-Real Estate		-		-		-		192		192		192
Consumer		1		1		1		4		4		1
Credit cards		-		-		-		-		-		-
Dealer Finance		153		153		14		136		136		7
		15,902		15,902		2,159		14,494		15,519		1,755
Total impaired loans	$	24,033	$	24,033	$	2,159	$	23,781	$	24,806	$	1,755

Summary of the average investment and interest income

	Three Months Ended September 30,										Nine Months Ended September 30,
	2020					2019					2020				2019
	Average Recorded		Interest Income			Average Recorded		Interest Income			Average Recorded		Interest Income		Average Recorded		Interest Income
	Investment		Recognized			Investment		Recognized			Investment		Recognized		Investment		Recognized
Impaired loans without a valuation allowance:
Construction/Land Development	$	1,547	$	19		$	1,871	$	16		$	1,853	$	59	$	2,089	$	139
Farmland		-		-			972		8			-		-		971		10
Real Estate		4,908		78			8,406		637			5,024		214		8,317		659
Multi-Family		-		-			-		-			-		-		-		-
Commercial Real Estate		1,561		(19	)		1,646		(175	)		1,063		30		3,746		53
Home Equity – closed end		701		5			719		-			708		26		359		-
Home Equity – open end		-		-			81		9			-		-		81		9
Commercial & Industrial – Non-Real Estate		13		1			22		10			14		1		10		10
Consumer and credit cards		-		-			-		(1	)		-		-		-		-
Dealer Finance		30		(1	)		43		-			48		1		42		-
		8,760		83			13,760		504			8,710		331		15,615		880
Impaired loans with a valuation allowance:
Construction/Land Development	$	309	$	28		$	2,616	$	12		$	649	$	28	$	3,482	$	43
Farmland		1,763		35			967		-			1,842		219		967		-
Real Estate		9,456		119			830		54			9,849		381		833		120
Multi-Family		-		-			-		-			-		-		-		-
Commercial Real Estate		3,566		72			2,669		25			2,465		121		614		57
Home Equity – closed end		-		-			-		10			-		-		-		50
Home Equity – open end		151		2			-		-			151		6		-		-
Commercial & Industrial – Non-Real Estate		-		-			97		-			96		-		97		2
Consumer and credit card		1		-			4		1			3		-		6		-
Dealer Finance		142		4			186		4			145		9		186		13
		15,388		260			7,369		106			15,200		764		6,185		285
Total Impaired Loans	$	24,148	$	343		$	21,129	$	610		$	23,910	$	1,095	$	21,800	$	1,165

Schedule of recorded investment of past due loans

	30-59 Days Past due		60-89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Total Loan Receivable		Non-Accrual Loans		Recorded Investment >90 days & accruing
September 30, 2020
Construction/Land Development	$	-	$	-	$	18	$	18	$	71,359	$	71,377	$	318	$	-
Farmland		-		1,751		-		1,751		45,703		47,454		1,751		-
Real Estate		1,670		245		563		2,478		164,113		166,591		512		142
Multi-Family		-		-		-		-		6,001		6,001		-		-
Commercial Real Estate		149		1,009		-		1,158		131,406		132,564		1,121		-
Home Equity – closed end		4		-		-		4		8,764		8,768		-		-
Home Equity – open end		569		18		301		888		46,147		47,035		325		-
Commercial & Industrial – Non- Real Estate		66		-		-		66		89,808		89,874		5		-
Consumer		-		-		-		-		10,113		10,113		-		-
Dealer Finance		658		112		22		792		89,212		90,004		64		15
Credit Cards		59		-		2		61		2,683		2,744		-		2
Total	$	3,175	$	3,135	$	906	$	7,216	$	665,309	$	672,525	$	4,096	$	159

	30-59 Days Past due		60-89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Total Loan Receivable		Non-Accrual Loans		Recorded Investment >90 days & accruing
December 31, 2019
Construction/Land Development	$	117	$	45	$	1,255	$	1,417	$	75,714	$	77,131	$	1,301	$	-
Farmland		27		-		1,933		1,960		27,758		29,718		1,933		-
Real Estate		2,440		1,035		837		4,312		173,955		178,267		420		619
Multi-Family		-		-		-		-		5,364		5,364		-		-
Commercial Real Estate		563		-		137		700		129,150		129,850		900		-
Home Equity – closed end		-		-		-		-		9,523		9,523		-		-
Home Equity – open end		429		296		15		740		47,034		47,774		-		15
Commercial & Industrial – Non- Real Estate		726		4		-		730		32,805		33,535		203		-
Consumer		89		14		-		103		10,062		10,165		1		-
Dealer Finance		1,943		400		198		2,541		76,435		78,976		249		84
Credit Cards		31		-		4		35		3,087		3,122		-		4
Total	$	6,365	$	1,794	$	4,379	$	12,538	$	590,887	$	603,425	$	5,007	$	722