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

Impaired loans as of September 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

 $ 76

 $ -

 $ 76

 $ 76

 $ 76

SBA loans

  -

  -

  -

  -

  -

Asset-based

  76

  76

  -

  76

  -

Total commercial and industrial

  152

  76

  76

  152

  76

 

 

 

 

 

 

Commercial real estate:

 

 

 

 

 

Commercial mortgages

  1,108

  1,108

  -

  1,108

  -

SBA Loans

  72

  72

  -

  72

  -

Religious organizations

  179

  179

  -

  179

  -

Total commercial real estate

  1,359

  1,359

  -

  1,359

  -

 

 

 

 

 

 

Total loans

 $ 1,511

 $ 1,435

 $ 76

 $ 1,511

 $ 76

 

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

September 30, 2018

Three Months Ended

September 30, 2017

 

Average

Interest recognized

Average

Interest recognized

 

Recorded

on impaired

Recorded

on impaired

 

Investment

Loans

Investment

Loans

Commercial and industrial:

 

 

 

 

Commercial

 $ 25

 $ -

 $ -

 $ -

SBA loans

  -

  -

  -

  -

Asset-based

  76

  -

  243

  -

Total commercial and industrial

  101

  -

  265

  -

 

 

 

 

 

Commercial real estate:

 

 

 

 

Commercial mortgages

  936

  1

  1,355

  -

SBA loans

  73

  -

  245

  -

Religious organizations

  180

  -

  189

  -

Total Commercial real estate

  1,189

  -

  1,789

  -

 

 

 

 

 

Total loans

 $ 1,290

 $ 1

 $ 2,032

 $ -

 

(In 000's)

Nine Months Ended

September 30, 2018

Nine Months Ended

September 30, 2017

 

Average

Interest recognized

Average

Interest recognized

 

Recorded

on impaired

Recorded

on impaired

 

Investment

Loans

Investment

Loans

Commercial and industrial:

 

 

 

 

Commercial

 $ 8

 $ 2

 $ -

 $ -

SBA  loans

  -

  -

  -

  -

Asset-based

  76

  -

  261

  -

Total commercial and industrial

  84

  2

  270

  -

 

 

 

 

 

Commercial real estate:

 

 

 

 

Commercial mortgages

  946

  1

  1,355

  -

SBA loans

  76

  -

  249

  -

Religious organizations

  182

  -

  192

  -

Total commercial real estate

  1,204

  -

  1,796

  -

 

 

 

 

 

Total loans

 $ 1,288

 $ 3

 $ 2,057

 $ -