Allowance for Loan Losses |
Note 7 - Allowance for Loan Losses
The following table shows the change in the allowance for loss
losses by loan segment for the three and six month period ended
June 30, 2016 and 2015, respectively:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
|
Balance, beginning of period
|
|
$ |
1,315 |
|
|
$ |
1,794 |
|
|
$ |
1,310 |
|
|
$ |
1,716 |
|
Provision (recovery) charged to operations
|
|
|
11 |
|
|
|
(228 |
) |
|
|
71 |
|
|
|
(289 |
) |
Charge-offs
|
|
|
— |
|
|
|
(21 |
) |
|
|
(62 |
) |
|
|
(61 |
) |
Recoveries
|
|
|
20 |
|
|
|
8 |
|
|
|
27 |
|
|
|
187 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (charge-offs)
|
|
|
20 |
|
|
|
(13 |
) |
|
|
(35 |
) |
|
|
126 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of period
|
|
$ |
1,346 |
|
|
$ |
1,553 |
|
|
$ |
1,346 |
|
|
$ |
1,553 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Commercial
|
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
|
Balance, beginning of period
|
|
$ |
1,495 |
|
|
$ |
1,935 |
|
|
$ |
1,574 |
|
|
$ |
2,022 |
|
Provision (recovery) charged to operations
|
|
|
(123 |
) |
|
|
(7 |
) |
|
|
(241 |
) |
|
|
(8 |
) |
Charge-offs
|
|
|
(64 |
) |
|
|
(184 |
) |
|
|
(80 |
) |
|
|
(301 |
) |
Recoveries
|
|
|
52 |
|
|
|
30 |
|
|
|
107 |
|
|
|
61 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (charge-offs)
|
|
|
(12 |
) |
|
|
(154 |
) |
|
|
27 |
|
|
|
(240 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of period
|
|
$ |
1,360 |
|
|
$ |
1,774 |
|
|
$ |
1,360 |
|
|
$ |
1,774 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
|
Balance, beginning of period
|
|
$ |
2,810 |
|
|
$ |
3,729 |
|
|
$ |
2,884 |
|
|
$ |
3,738 |
|
Provision (recovery) charged to operations
|
|
|
(112 |
) |
|
|
(235 |
) |
|
|
(170 |
) |
|
|
(297 |
) |
Charge-offs
|
|
|
(64 |
) |
|
|
(205 |
) |
|
|
(142 |
) |
|
|
(362 |
) |
Recoveries
|
|
|
72 |
|
|
|
38 |
|
|
|
134 |
|
|
|
248 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (charge-offs)
|
|
|
8 |
|
|
|
(167 |
) |
|
|
(8 |
) |
|
|
(114 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at end of period
|
|
$ |
2,706 |
|
|
$ |
3,327 |
|
|
$ |
2,706 |
|
|
$ |
3,327 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following table shows period-end loans and reserve balances by
loan segment both individually and collectively evaluated for
impairment at June 30, 2016 and December 31, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually Evaluated |
|
|
Collectively Evaluated |
|
|
Total |
|
|
|
Reserve |
|
|
Loans |
|
|
Reserve |
|
|
Loans |
|
|
Reserve |
|
|
Loans |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
17 |
|
|
$ |
809 |
|
|
$ |
1,329 |
|
|
$ |
181,123 |
|
|
$ |
1,346 |
|
|
$ |
181,932 |
|
Non-Commercial
|
|
|
180 |
|
|
|
4,589 |
|
|
|
1,180 |
|
|
|
143,774 |
|
|
|
1,360 |
|
|
|
148,363 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
197 |
|
|
$ |
5,398 |
|
|
$ |
2,509 |
|
|
$ |
324,897 |
|
|
$ |
2,706 |
|
|
$ |
330,295 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually Evaluated |
|
|
Collectively Evaluated |
|
|
Total |
|
|
|
Reserve |
|
|
Loans |
|
|
Reserve |
|
|
Loans |
|
|
Reserve |
|
|
Loans |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
18 |
|
|
$ |
1,019 |
|
|
$ |
1,292 |
|
|
$ |
170,182 |
|
|
$ |
1,310 |
|
|
$ |
171,201 |
|
Non-Commercial
|
|
|
163 |
|
|
|
4,459 |
|
|
|
1,411 |
|
|
|
144,472 |
|
|
|
1,574 |
|
|
|
148,931 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
181 |
|
|
$ |
5,478 |
|
|
$ |
2,703 |
|
|
$ |
314,654 |
|
|
$ |
2,884 |
|
|
$ |
320,132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Past due loan information is used by management when assessing the
adequacy of the allowance for loan losses. The following table
summarizes the past due information of the loan portfolio by
class:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans
30-89 Days
Past Due |
|
|
Loans
90 Days
or More
Past due |
|
|
Total Past
Due Loans |
|
|
Current
Loans |
|
|
Total
Loans |
|
|
Accruing
Loans 90 or
More Days
Past Due |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
42 |
|
|
$ |
— |
|
|
$ |
42 |
|
|
$ |
55,070 |
|
|
$ |
55,112 |
|
|
$ |
— |
|
Real estate - commercial
|
|
|
13 |
|
|
|
20 |
|
|
|
33 |
|
|
|
104,663 |
|
|
|
104,696 |
|
|
|
— |
|
Other real estate construction
|
|
|
— |
|
|
|
193 |
|
|
|
193 |
|
|
|
21,931 |
|
|
|
22,124 |
|
|
|
— |
|
Real estate 1-4 family construction
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,474 |
|
|
|
4,474 |
|
|
|
— |
|
Real estate - residential
|
|
|
967 |
|
|
|
783 |
|
|
|
1,750 |
|
|
|
79,536 |
|
|
|
81,286 |
|
|
|
— |
|
Home equity
|
|
|
125 |
|
|
|
42 |
|
|
|
167 |
|
|
|
50,706 |
|
|
|
50,873 |
|
|
|
— |
|
Consumer loans
|
|
|
28 |
|
|
|
— |
|
|
|
28 |
|
|
|
9,925 |
|
|
|
9,953 |
|
|
|
— |
|
Other loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,777 |
|
|
|
1,777 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,175 |
|
|
$ |
1,038 |
|
|
$ |
2,213 |
|
|
$ |
328,082 |
|
|
$ |
330,295 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans
30-89 Days
Past Due |
|
|
Loans
90 Days
or More
Past due
and Non -
Accrual |
|
|
Total Past
Due Loans |
|
|
Current
Loans |
|
|
Total
Loans |
|
|
Accruing
Loans 90 or
More Days
Past Due |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
46 |
|
|
$ |
34 |
|
|
$ |
80 |
|
|
$ |
52,231 |
|
|
$ |
52,311 |
|
|
$ |
— |
|
Real estate - commercial
|
|
|
74 |
|
|
|
— |
|
|
|
74 |
|
|
|
101,124 |
|
|
|
101,198 |
|
|
|
— |
|
Other real estate construction
|
|
|
110 |
|
|
|
195 |
|
|
|
305 |
|
|
|
17,387 |
|
|
|
17,692 |
|
|
|
— |
|
Real estate construction
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,629 |
|
|
|
5,629 |
|
|
|
— |
|
Real estate - residential
|
|
|
1,580 |
|
|
|
541 |
|
|
|
2,121 |
|
|
|
81,298 |
|
|
|
83,419 |
|
|
|
— |
|
Home equity
|
|
|
75 |
|
|
|
13 |
|
|
|
88 |
|
|
|
49,332 |
|
|
|
49,420 |
|
|
|
— |
|
Consumer loan
|
|
|
39 |
|
|
|
— |
|
|
|
39 |
|
|
|
8,943 |
|
|
|
8,982 |
|
|
|
— |
|
Other loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,481 |
|
|
|
1,481 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,924 |
|
|
$ |
783 |
|
|
$ |
2,707 |
|
|
$ |
317,425 |
|
|
$ |
320,132 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Once a loan becomes 90 days past due, the loan is automatically
transferred to a nonaccrual status. The exception to this policy is
credit card loans that remain in accruing 90 days or more until
they are paid current or charged off. Also, mortgage loans that
were originated for sale but were not sold and are being held in
the loan portfolio remain in an accruing status until they are
foreclosed.
The Company had $1.3 million in foreclosed residential real estate
and $433,000 of residential real estate in process of foreclosure
at June 30, 2016.
The composition of nonaccrual loans by class as of June 30, 2016
and December 31, 2015 is as follows:
|
|
|
|
|
|
|
|
|
|
|
June 30,
2016 |
|
|
December 31,
2015 |
|
|
|
(dollars in
thousands) |
|
|
|
|
Commercial
|
|
$ |
— |
|
|
$ |
34 |
|
Real estate - commercial
|
|
|
20 |
|
|
|
— |
|
Other real estate construction
|
|
|
193 |
|
|
|
195 |
|
Real estate 1 – 4 family construction
|
|
|
— |
|
|
|
— |
|
Real estate – residential
|
|
|
783 |
|
|
|
541 |
|
Home equity
|
|
|
42 |
|
|
|
13 |
|
Consumer loans
|
|
|
— |
|
|
|
— |
|
Other loans
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,038 |
|
|
$ |
783 |
|
|
|
|
|
|
|
|
|
|
Management uses a risk-grading program to facilitate the evaluation
of probable inherent loan losses and to measure the adequacy of the
allowance for loan losses. In this program, risk grades are
initially assigned by the loan officers and reviewed and monitored
by the lenders and credit administration. The program has eight
risk grades summarized in five categories as follows:
Pass: Loans that are pass grade credits include loans that
are fundamentally sound and risk factors are reasonable and
acceptable. They generally conform to policy with only minor
exceptions and any major exceptions are clearly mitigated by other
economic factors.
Watch: Loans that are watch credits include loans on
management’s watch list where a risk concern may be
anticipated in the near future.
Substandard: Loans that are considered substandard are loans
that are inadequately protected by current sound net worth, paying
capacity of the obligor or the value of the collateral pledged. All
nonaccrual loans are graded as substandard.
Doubtful: Loans that are considered to be doubtful have all
weaknesses inherent in loans classified substandard, plus the added
characteristic that the weaknesses make the collection or
liquidation in full on the basis of current existing facts,
conditions and values highly questionable and improbable.
Loss: Loans that are considered to be a loss are considered
to be uncollectible and of such little value that their continuance
as bankable assets is not warranted.
The tables below summarize risk grades of the loan portfolio by
class at June 30, 2016 and December 31, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
Watch |
|
|
Sub-
standard |
|
|
Doubtful |
|
|
Total |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
|
|
Commercial
|
|
$ |
53,522 |
|
|
$ |
1,569 |
|
|
$ |
21 |
|
|
$ |
— |
|
|
$ |
55,112 |
|
Real estate - commercial
|
|
|
99,364 |
|
|
|
2,734 |
|
|
|
2,598 |
|
|
|
— |
|
|
|
104,696 |
|
Other real estate construction
|
|
|
19,642 |
|
|
|
1,949 |
|
|
|
533 |
|
|
|
— |
|
|
|
22,124 |
|
Real estate 1 - 4 family construction
|
|
|
4,474 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,474 |
|
Real estate - residential
|
|
|
69,565 |
|
|
|
9,231 |
|
|
|
2,490 |
|
|
|
— |
|
|
|
81,286 |
|
Home equity
|
|
|
49,574 |
|
|
|
1,254 |
|
|
|
45 |
|
|
|
— |
|
|
|
50,873 |
|
Consumer loans
|
|
|
9,795 |
|
|
|
154 |
|
|
|
4 |
|
|
|
— |
|
|
|
9,953 |
|
Other loans
|
|
|
1,777 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,777 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
307,713 |
|
|
$ |
16,891 |
|
|
$ |
5,691 |
|
|
$ |
— |
|
|
$ |
330,295 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pass |
|
|
Watch |
|
|
Sub-
standard |
|
|
Doubtful |
|
|
Total |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
|
|
Commercial
|
|
$ |
52,096 |
|
|
$ |
130 |
|
|
$ |
85 |
|
|
$ |
— |
|
|
$ |
52,311 |
|
Real estate - commercial
|
|
|
97,506 |
|
|
|
1,161 |
|
|
|
2,531 |
|
|
|
— |
|
|
|
101,198 |
|
Other real estate construction
|
|
|
15,163 |
|
|
|
1,994 |
|
|
|
535 |
|
|
|
— |
|
|
|
17,692 |
|
Real estate 1 - 4 family construction
|
|
|
5,526 |
|
|
|
103 |
|
|
|
— |
|
|
|
— |
|
|
|
5,629 |
|
Real estate - residential
|
|
|
71,736 |
|
|
|
9,398 |
|
|
|
2,285 |
|
|
|
— |
|
|
|
83,419 |
|
Home equity
|
|
|
48,195 |
|
|
|
1,209 |
|
|
|
16 |
|
|
|
— |
|
|
|
49,420 |
|
Consumer loans
|
|
|
8,583 |
|
|
|
394 |
|
|
|
5 |
|
|
|
— |
|
|
|
8,982 |
|
Other loans
|
|
|
1,481 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,481 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
300,286 |
|
|
$ |
14,389 |
|
|
$ |
5,457 |
|
|
$ |
— |
|
|
$ |
320,132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans that are in nonaccrual status or 90 days past due and still
accruing are considered to be nonperforming. At both June 30, 2016
and December 31, 2015 there were no loans 90 days past due and
still accruing. The following tables show the breakdown between
performing and nonperforming loans by class at June 30, 2016 and
December 31, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2016
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
Non-
Performing |
|
|
Total |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
Commercial
|
|
$ |
55,112 |
|
|
$ |
— |
|
|
$ |
55,112 |
|
Real estate - commercial
|
|
|
104,676 |
|
|
|
20 |
|
|
|
104,696 |
|
Other real estate construction
|
|
|
21,931 |
|
|
|
193 |
|
|
|
22,124 |
|
Real estate 1 – 4 family construction
|
|
|
4,474 |
|
|
|
— |
|
|
|
4,474 |
|
Real estate – residential
|
|
|
80,503 |
|
|
|
783 |
|
|
|
81,286 |
|
Home equity
|
|
|
50,831 |
|
|
|
42 |
|
|
|
50,873 |
|
Consumer loans
|
|
|
9,953 |
|
|
|
— |
|
|
|
9,953 |
|
Other loans
|
|
|
1,777 |
|
|
|
— |
|
|
|
1,777 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
329,257 |
|
|
$ |
1,038 |
|
|
$ |
330,295 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
|
Non-
Performing |
|
|
Total |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
Commercial
|
|
$ |
52,277 |
|
|
$ |
34 |
|
|
$ |
52,311 |
|
Real estate - commercial
|
|
|
101,198 |
|
|
|
— |
|
|
|
101,198 |
|
Other real estate construction
|
|
|
17,497 |
|
|
|
195 |
|
|
|
17,692 |
|
Real estate 1 – 4 family construction
|
|
|
5,629 |
|
|
|
— |
|
|
|
5,629 |
|
Real estate – residential
|
|
|
82,878 |
|
|
|
541 |
|
|
|
83,419 |
|
Home equity
|
|
|
49,407 |
|
|
|
13 |
|
|
|
49,420 |
|
Consumer loans
|
|
|
8,982 |
|
|
|
— |
|
|
|
8,982 |
|
Other loans
|
|
|
1,481 |
|
|
|
— |
|
|
|
1,481 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
319,349 |
|
|
$ |
783 |
|
|
$ |
320,132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans are considered impaired when, based on current information
and events it is probable the Company will be unable to collect all
amounts due in accordance with the original contractual terms of
the loan agreement. If a loan is deemed impaired, a specific
calculation is performed and a specific reserve is allocated, if
necessary. The tables below summarize the loans deemed impaired and
the amount of specific reserves allocated by class at June 30, 2016
and December 31, 2015.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unpaid
Principal
Balance |
|
|
Recorded
Investment
With No
Allowance |
|
|
Recorded
Investment
With
Allowance |
|
|
Related
Allowance |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
|
Commercial
|
|
$ |
32 |
|
|
$ |
— |
|
|
$ |
32 |
|
|
$ |
2 |
|
Real estate - commercial
|
|
|
479 |
|
|
|
187 |
|
|
|
292 |
|
|
|
9 |
|
Other real estate construction
|
|
|
836 |
|
|
|
193 |
|
|
|
105 |
|
|
|
6 |
|
Real estate 1 - 4 family construction
|
|
|
10 |
|
|
|
— |
|
|
|
10 |
|
|
|
— |
|
Real estate - residential
|
|
|
4,445 |
|
|
|
1,599 |
|
|
|
2,846 |
|
|
|
168 |
|
Home equity
|
|
|
57 |
|
|
|
37 |
|
|
|
20 |
|
|
|
12 |
|
Consumer loans
|
|
|
77 |
|
|
|
69 |
|
|
|
8 |
|
|
|
— |
|
Other loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
5,936 |
|
|
$ |
2,085 |
|
|
$ |
3,313 |
|
|
$ |
197 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unpaid
Principal
Balance |
|
|
Recorded
Investment
With No
Allowance |
|
|
Recorded
Investment
With
Allowance |
|
|
Related
Allowance |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
|
Commercial
|
|
$ |
97 |
|
|
$ |
80 |
|
|
$ |
17 |
|
|
$ |
2 |
|
Real estate - commercial
|
|
|
620 |
|
|
|
498 |
|
|
|
122 |
|
|
|
9 |
|
Other real estate construction
|
|
|
840 |
|
|
|
195 |
|
|
|
107 |
|
|
|
7 |
|
Real estate 1 - 4 family construction
|
|
|
13 |
|
|
|
— |
|
|
|
13 |
|
|
|
— |
|
Real estate - residential
|
|
|
4,343 |
|
|
|
1,507 |
|
|
|
2,836 |
|
|
|
163 |
|
Home equity
|
|
|
28 |
|
|
|
28 |
|
|
|
— |
|
|
|
— |
|
Consumer loans
|
|
|
75 |
|
|
|
75 |
|
|
|
— |
|
|
|
— |
|
Other loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
6,016 |
|
|
$ |
2,383 |
|
|
$ |
3,095 |
|
|
$ |
181 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months ended
June 30, 2016 |
|
|
Three Months ended
June 30, 2015 |
|
|
|
Average
Recorded
Investment |
|
|
Interest
Income |
|
|
Average
Recorded
Investment |
|
|
Interest
Income |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
|
Commercial
|
|
$ |
33 |
|
|
$ |
1 |
|
|
$ |
72 |
|
|
$ |
2 |
|
Real estate - commercial
|
|
|
557 |
|
|
|
9 |
|
|
|
1,511 |
|
|
|
12 |
|
Other real estate construction
|
|
|
299 |
|
|
|
2 |
|
|
|
276 |
|
|
|
— |
|
Real estate 1- 4 family construction
|
|
|
10 |
|
|
|
— |
|
|
|
17 |
|
|
|
— |
|
Real estate - residential
|
|
|
4,552 |
|
|
|
53 |
|
|
|
5,209 |
|
|
|
50 |
|
Home equity
|
|
|
62 |
|
|
|
1 |
|
|
|
61 |
|
|
|
1 |
|
Consumer loans
|
|
|
79 |
|
|
|
1 |
|
|
|
26 |
|
|
|
— |
|
Other loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
5,592 |
|
|
$ |
67 |
|
|
$ |
7,172 |
|
|
$ |
65 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months ended
June 30, 2016 |
|
|
Six Months ended
June 30, 2015 |
|
|
|
Average
Recorded
Investment |
|
|
Interest
Income |
|
|
Average
Recorded
Investment |
|
|
Interest
Income |
|
|
|
(dollars in
thousands) |
|
|
|
|
|
|
Commercial
|
|
$ |
54 |
|
|
$ |
1 |
|
|
$ |
81 |
|
|
$ |
3 |
|
Real estate - commercial
|
|
|
578 |
|
|
|
19 |
|
|
|
1,551 |
|
|
|
28 |
|
Other real estate construction
|
|
|
300 |
|
|
|
3 |
|
|
|
316 |
|
|
|
1 |
|
Real estate 1- 4 family construction
|
|
|
11 |
|
|
|
— |
|
|
|
18 |
|
|
|
— |
|
Real estate - residential
|
|
|
4,482 |
|
|
|
111 |
|
|
|
5,239 |
|
|
|
101 |
|
Home equity
|
|
|
51 |
|
|
|
1 |
|
|
|
57 |
|
|
|
1 |
|
Consumer loans
|
|
|
78 |
|
|
|
3 |
|
|
|
40 |
|
|
|
1 |
|
Other loans
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
5,554 |
|
|
$ |
138 |
|
|
$ |
7,302 |
|
|
$ |
135 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|