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6. Loans and Allowance for Loan Losses: Schedule of Impaired Loans (Tables)
 6 Months Ended
Jun. 30, 2018
Tables/Schedules  
Schedule of Impaired Loans

Impaired loans as of June 30, 2018 are set forth in the following table.

 

(In 000's)

Unpaid

Contractual

Recorded

Investment

Recorded

Investment

 

Total

 

 

Principal

With No

With

Recorded

Related

 

Balance

Allowance

Allowance

Investment

Allowance

Commercial and industrial:

 $ -

 $ -

 $ -

 $ -

 $ -

Commercial

  -

  -

  -

  -

  -

SBA loans

  -

  -

  -

  -

  -

Asset-based

  76

  76

  -

  76

  -

Total commercial and industrial

  76

  76

  -

  76

  -

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

Commercial mortgages

  945

  789

  156

  945

  31

SBA Loans

  75

  75

  -

  75

  -

Religious organizations

  182

  182

  -

  182

  -

Total commercial real estate

  1,202

  1,046

  156

  1,202

  31

 

 

 

 

 

 

Total loans

 $ 1,278

 $ 1,122

 $ 156

 $ 1,278

 $ 31

 

Impaired loans as of December 31, 2017 are set forth in the following table.

 

(In 000's)

Unpaid

Contractual

Recorded

Investment

Recorded

Investment

 

Total

 

 

Principal

With No

With

Recorded

Related

 

Balance

Allowance

Allowance

Investment

Allowance

Commercial and industrial:

 

  

 

 

 

Commercial

 $ -

 $ -

 $ -

 $ -

 $ -

SBA

  -

  -

  -

  -

  -

Asset based

  76

  76

  -

  76

  -

Total Commercial and industrial

  76

  76

  -

  76

  -

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

Commercial mortgages

  933

  933

  -

  933

  -

SBA Loans

  81

  81

  -

  81

  -

Religious Organizations

  187

  187

  -

  187

  -

Total Commercial real estate

  1,201

  1,201

  -

  1,201

  -

Total loans

 $ 1,277

 $ 1,277

 $ -

 $ 1,277

  -

 

The Bank recognizes interest income on impaired loans under the cash basis when the collateral on the loan is sufficient to cover the outstanding obligation to the Bank.  If these factors do not exist, the Bank will record interest payments on the cost recovery basis. The following tables present additional information about impaired loans.

 

(In 000's)

Three Months Ended

June 30, 2018

Three Months Ended

June 30, 2017

 

Average

Interest recognized

Average

Interest recognized

 

Recorded

on impaired

Recorded

on impaired

 

Investment

Loans

Investment

Loans

Commercial and industrial:

 

 

 

 

Commercial

 $ -

 $ -

 $ -

 $ -

SBA  loans

  -

  -

  -

  -

Asset-based

  76

  -

  265

  -

Total commercial and industrial

  76

  -

  265

  -

 

 

 

 

 

Commercial real estate:

 

 

 

 

Commercial mortgages

  958

  -

  1,355

  -

SBA loans

  76

  -

  250

  -

Religious organizations

  182

  -

  192

  -

Total commercial real estate

  1,216

  -

  1,797

  -

 

 

 

 

 

Total loans

 $ 1,292

 $ -

 $ 2,062

 $ -

 

(In 000's)

Six Months Ended

June 30, 2018

Six Months Ended

June 30, 2017

 

Average

Interest recognized

Average

Interest recognized

 

Recorded

on impaired

Recorded

on impaired

 

Investment

Loans

Investment

Loans

Commercial and industrial:

 

 

 

 

Commercial

 $ -

 $ -

 $ 10

 $ -

SBA  loans

 

  -

  -

  -

Asset-based

  76

  -

  260

  -

Total commercial and industrial

  76

  -

  270

  -

 

 

 

 

 

Commercial real estate:

 

 

 

 

Commercial mortgages

  951

  -

  1,355

  -

SBA loans

  77

  -

  252

  -

Religious organizations

  184

  -

  193

  -

Total commercial real estate

  1,212

  -

  1,800

  -

 

 

 

 

 

Total loans

 $ 1,288

 $ -

 $ 2,070

 $ -