Annual report pursuant to Section 13 and 15(d)

Loans Receivable

v3.8.0.1
Loans Receivable
 12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
NOTE 3 – Loans Receivable
 
Year end loans are summarized below:
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
December 31, 2017
 
 
December 31, 2016
 
Loans secured by real estate:
 
 
 
 
 
 
 
 
Residential real estate
 
$
172,780
 
 
$
173,365
 
Home equity
 
 
36,718
 
 
 
32,614
 
Commercial real estate
 
 
211,090
 
 
 
195,438
 
Construction and land development
 
 
50,746
 
 
 
38,937
 
Multifamily
 
 
43,369
 
 
 
36,086
 
Total loans secured by real estate
 
 
514,703
 
 
 
476,440
 
Consumer
 
 
460
 
 
 
522
 
Commercial business
 
 
77,122
 
 
 
77,513
 
Government
 
 
28,785
 
 
 
29,529
 
Subtotal
 
 
621,070
 
 
 
584,004
 
Less:
 
 
 
 
 
 
 
 
Net deferred loan origination fees
 
 
(130
)
 
 
(162
)
Undisbursed loan funds
 
 
(729
)
 
 
(192
)
Loans receivable
 
$
620,211
 
 
$
583,650
 
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
 
Charge-offs
 
 
Recoveries
 
 
Provisions
 
 
Ending Balance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the twelve months ended December 31, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
2,111
 
 
$
(959
)
 
$
3
 
 
$
413
 
 
$
1,568
 
Home equity
 
 
299
 
 
 
(60
)
 
 
-
 
 
 
(73
)
 
 
166
 
Commercial real estate
 
 
3,113
 
 
 
-
 
 
 
-
 
 
 
12
 
 
 
3,125
 
Construction and land development
 
 
617
 
 
 
-
 
 
 
-
 
 
 
1
 
 
 
618
 
Multifamily
 
 
572
 
 
 
-
 
 
 
-
 
 
 
50
 
 
 
622
 
Consumer
 
 
34
 
 
 
(71
)
 
 
18
 
 
 
50
 
 
 
31
 
Commercial business
 
 
896
 
 
 
(386
)
 
 
39
 
 
 
749
 
 
 
1,298
 
Government
 
 
56
 
 
 
-
 
 
 
-
 
 
 
(2
)
 
 
54
 
Total
 
$
7,698
 
 
$
(1,476
)
 
$
60
 
 
$
1,200
 
 
$
7,482
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the twelve months ended December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,447
 
 
$
(529
)
 
$
2
 
 
$
1,191
 
 
$
2,111
 
Home equity
 
 
263
 
 
 
-
 
 
 
-
 
 
 
36
 
 
 
299
 
Commercial real estate
 
 
2,986
 
 
 
-
 
 
 
-
 
 
 
127
 
 
 
3,113
 
Construction and land development
 
 
692
 
 
 
-
 
 
 
-
 
 
 
(75
)
 
 
617
 
Multifamily
 
 
758
 
 
 
-
 
 
 
-
 
 
 
(186
)
 
 
572
 
Consumer
 
 
38
 
 
 
(33
)
 
 
9
 
 
 
20
 
 
 
34
 
Commercial business
 
 
699
 
 
 
-
 
 
 
28
 
 
 
169
 
 
 
896
 
Government
 
 
70
 
 
 
-
 
 
 
-
 
 
 
(14
)
 
 
56
 
Total
 
$
6,953
 
 
$
(562
)
 
$
39
 
 
$
1,268
 
 
$
7,698
 
 
 
 
Ending Balances
 
 
 
 
 
 
 
 
 
 
 
 
Loans
 
 
Purchased
 
 
Loans
 
 
 
Individually
 
 
Collectively
 
 
 
 
 
receivable
 
 
credit impaired
 
 
receivable
 
(Dollars in thousands)
 
evaluated for
 
 
evaluated for
 
 
 
 
 
Individually
 
 
individually
 
 
Collectively
 
 
 
impairment
 
 
impairment
 
 
Loan
 
 
evaluated for
 
 
evaluated for
 
 
evaluated for
 
 
 
reserves
 
 
reserves
 
 
receivables
 
 
impairment
 
 
impairment
 
 
impairment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at December 31, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
21
 
 
$
1,547
 
 
$
172,141
 
 
$
462
 
 
$
690
 
 
$
170,989
 
Home equity
 
 
-
 
 
 
166
 
 
 
36,769
 
 
 
-
 
 
 
-
 
 
 
36,769
 
Commercial real estate
 
 
144
 
 
 
2,981
 
 
 
211,090
 
 
 
512
 
 
 
-
 
 
 
210,578
 
Construction and land development
 
 
-
 
 
 
618
 
 
 
50,746
 
 
 
134
 
 
 
-
 
 
 
50,612
 
Multifamily
 
 
-
 
 
 
622
 
 
 
43,368
 
 
 
-
 
 
 
-
 
 
 
43,368
 
Commercial business
 
 
539
 
 
 
759
 
 
 
76,851
 
 
 
724
 
 
 
-
 
 
 
76,127
 
Consumer
 
 
-
 
 
 
31
 
 
 
461
 
 
 
-
 
 
 
-
 
 
 
461
 
Government
 
 
-
 
 
 
54
 
 
 
28,785
 
 
 
-
 
 
 
-
 
 
 
28,785
 
Total
 
$
704
 
 
$
6,778
 
 
$
620,211
 
 
$
1,832
 
 
$
690
 
 
$
617,689
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
879
 
 
$
1,232
 
 
$
173,262
 
 
$
1,419
 
 
$
956
 
 
$
170,886
 
Home equity
 
 
-
 
 
 
299
 
 
 
32,575
 
 
 
-
 
 
 
-
 
 
 
32,575
 
Commercial real estate
 
 
3
 
 
 
3,110
 
 
 
195,438
 
 
 
322
 
 
 
-
 
 
 
195,116
 
Construction and land development
 
 
-
 
 
 
617
 
 
 
38,937
 
 
 
134
 
 
 
-
 
 
 
38,804
 
Multifamily
 
 
-
 
 
 
572
 
 
 
36,086
 
 
 
-
 
 
 
-
 
 
 
36,086
 
Commercial business
 
 
354
 
 
 
542
 
 
 
77,299
 
 
 
687
 
 
 
-
 
 
 
76,612
 
Consumer
 
 
-
 
 
 
34
 
 
 
524
 
 
 
-
 
 
 
-
 
 
 
524
 
Government
 
 
-
 
 
 
56
 
 
 
29,529
 
 
 
-
 
 
 
-
 
 
 
29,529
 
Total
 
$
1,236
 
 
$
6,462
 
 
$
583,650
 
 
$
2,562
 
 
$
956
 
 
$
580,132
 
 
The Bancorp has established a standard loan grading system to assist management, lenders and review personnel in their analysis and supervision of the loan portfolio. The use and application of theses grades by the Bancorp is uniform and conforms to regulatory definitions. The loan grading system is as follows:
 
1 – Minimal Risk
 
Borrower demonstrates exceptional credit fundamentals, including stable and predictable profit margins, strong liquidity and a conservative balance sheet with superior asset quality. Excellent cash flow coverage of existing and projected debt service. Historic and projected performance indicates borrower is able to meet obligations under almost any economic circumstances.
 
2 – Moderate risk
 
Borrower consistently internally generates sufficient cash flow to fund debt service, working assets, and some capital expenditures. Risk of default considered low.
 
3 – Above average acceptable risk
 
Borrower generates sufficient cash flow to fund debt service and some working assets and/or capital expansion needs. Profitability and key balance sheet ratios are at or slightly above peers. Current trends are positive or stable. Earnings may be level or trending down slightly or be erratic; however, positive strengths are offsetting. Risk of default is reasonable but may warrant collateral protection.
 
4 – Acceptable risk
 
Borrower generates sufficient cash flow to fund debt service, but most working asset and all capital expansion needs are provided from external sources. Profitability ratios and key balance sheet ratios are usually close to peers but one or more ratios (e.g. leverage) may be higher than peer. Earnings may be trending down over the last three years. Borrower may be able to obtain similar financing from other banks with comparable or less favorable terms. Risk of default is acceptable but requires collateral protection.
 
5 – Marginally acceptable risk
 
Borrower may exhibit excessive growth, declining earnings, strained cash flow, increasing leverage and/or weakening market position that indicate above average risk. Limited additional debt capacity, modest coverage, and average or below average asset quality, margins and market share. Interim losses and/or adverse trends may occur, but not to the level that would affect the Bank’s position. The potential for default is higher than normal but considered marginally acceptable based on prospects for improving financial performance and the strength of the collateral.
 
6 – Pass/monitor
 
The borrower has significant weaknesses resulting from performance trends or management concerns. The financial condition of the company has taken a negative turn and may be temporarily strained. Cash flow may be weak but cash reserves remain adequate to meet debt service. Management weaknesses are evident. Borrowers in this category will warrant more than the normal level of supervision and more frequent reporting.
 
7 – Special mention (watch)
 
Special mention credits are considered bankable assets with no apparent loss of principal or interest envisioned but requiring a high level of management attention. Assets in this category are currently protected but are potentially weak. These borrowers are subject to economic, industry, or management factors having an adverse impact upon their prospects for orderly service of debt. The perceived risk in continued lending is considered to have increased beyond the level where such loans would normally be granted. These assets constitute an undue and unwarranted credit risk, but not to the point of justifying a classification of Substandard.
 
8 – Substandard
 
This classification consists of loans which are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged. Financial statements normally reveal some or all of the following: poor trends, lack of earnings and cash flow, excessive debt, lack of liquidity, and the absence of creditor protection. Loans are still considered collectible, but due to increased risks and defined weaknesses of the credit, some loss could be incurred in collection if the deficiencies are not corrected.
 
9 – Doubtful
 
This classification consists of loans where the possibility of loss is high after collateral liquidation based upon existing facts, market conditions, and value. Loss is deferred until certain important and reasonably specific pending factors which may strengthen the credit can be exactly determined. These factors may include proposed acquisitions, liquidation procedures, capital injection and receipt of additional collateral, mergers or refinancing plans.
 
Performing loans are loans that are paying as agreed and are approximately less than ninety days past due on payments of interest and principal.
 
The Bancorp's credit quality indicators are summarized below at December 31, 2017 and December 31, 2016:
 
 
 
Credit Exposure - Credit Risk Portfolio By Creditworthiness Category
 
 
 
December 31, 2017
 
(Dollars in thousands)
 
2
 
 
3
 
 
4
 
 
5
 
 
6
 
 
7
 
 
8
 
 
 
 
 
 
Above average
 
 
 
 
 
Marginally
 
 
 
 
 
Special
 
 
 
 
Loan Segment
 
Moderate
 
 
acceptable
 
 
Acceptable
 
 
acceptable
 
 
Pass/monitor
 
 
mention
 
 
Substandard
 
Residential real estate
 
$
887
 
 
$
12,317
 
 
$
92,241
 
 
$
8,759
 
 
$
50,075
 
 
$
4,130
 
 
$
3,732
 
Home equity
 
 
-
 
 
 
1,065
 
 
 
34,871
 
 
 
-
 
 
 
250
 
 
 
233
 
 
 
350
 
Commercial real estate
 
 
-
 
 
 
2,372
 
 
 
79,847
 
 
 
81,547
 
 
 
40,054
 
 
 
6,758
 
 
 
512
 
Construction and land development
 
 
-
 
 
 
-
 
 
 
20,719
 
 
 
19,583
 
 
 
10,310
 
 
 
-
 
 
 
134
 
Multifamily
 
 
-
 
 
 
-
 
 
 
20,159
 
 
 
20,965
 
 
 
2,076
 
 
 
168
 
 
 
-
 
Commercial business
 
 
7,169
 
 
 
17,202
 
 
 
16,784
 
 
 
21,087
 
 
 
13,041
 
 
 
394
 
 
 
1,174
 
Consumer
 
 
-
 
 
 
131
 
 
 
330
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Government
 
 
-
 
 
 
2,318
 
 
 
20,202
 
 
 
6,265
 
 
 
-
 
 
 
-
 
 
 
-
 
Total
 
$
8,056
 
 
$
35,405
 
 
$
285,153
 
 
$
158,206
 
 
$
115,806
 
 
$
11,683
 
 
$
5,902
 
 
 
 
December 31, 2016
 
 
 
2
 
 
3
 
 
4
 
 
5
 
 
6
 
 
7
 
 
8
 
 
 
 
 
 
Above average
 
 
 
 
 
Marginally
 
 
 
 
 
Special
 
 
 
 
Loan Segment
 
Moderate
 
 
acceptable
 
 
Acceptable
 
 
acceptable
 
 
Pass/monitor
 
 
mention
 
 
Substandard
 
Residential real estate
 
$
-
 
 
$
6,069
 
 
$
94,394
 
 
$
7,085
 
 
$
57,644
 
 
$
4,015
 
 
$
4,056
 
Home equity
 
 
83
 
 
 
1,172
 
 
 
30,459
 
 
 
-
 
 
 
250
 
 
 
236
 
 
 
376
 
Commercial real estate
 
 
248
 
 
 
2,708
 
 
 
93,293
 
 
 
64,950
 
 
 
28,306
 
 
 
5,611
 
 
 
323
 
Construction and land development
 
 
-
 
 
 
439
 
 
 
11,355
 
 
 
18,913
 
 
 
8,097
 
 
 
-
 
 
 
134
 
Multifamily
 
 
-
 
 
 
-
 
 
 
17,123
 
 
 
16,836
 
 
 
1,939
 
 
 
188
 
 
 
-
 
Commercial business
 
 
6,315
 
 
 
15,044
 
 
 
24,754
 
 
 
18,786
 
 
 
10,653
 
 
 
533
 
 
 
1,214
 
Consumer
 
 
90
 
 
 
4
 
 
 
430
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Government
 
 
-
 
 
 
955
 
 
 
25,474
 
 
 
3,100
 
 
 
-
 
 
 
-
 
 
 
-
 
Total
 
$
6,736
 
 
$
26,391
 
 
$
297,282
 
 
$
129,669
 
 
$
106,888
 
 
$
10,582
 
 
$
6,102
 
  
One commercial real estate loan and one residential real estate loan totaling $213 thousand were modified as a troubled debt restructuring during 2017. No troubled debt restructurings defaulted during 2017. All of the loans classified as troubled debt restructurings are also considered impaired. The valuation basis for the Bancorp’s troubled debt restructurings is based on the present value of cash flows, unless consistent cash flows are not present, then the fair value of the collateral securing the loan is the basis for valuation.
 
The Bancorp's individually evaluated impaired loans are summarized below:
 
 
 
 
 
For the twelve months ended
 
 
 
As of December 31, 2017
 
December 31, 2017
 
 
 
 
 
 
Unpaid
 
 
 
 
 
Average
 
 
Interest
 
(Dollars in thousands)
 
Recorded
 
 
Principal
 
 
Related
 
 
Recorded
 
 
Income
 
 
 
Investment
 
 
Balance
 
 
Allowance
 
 
Investment
 
 
Recognized
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,072
 
 
$
3,351
 
 
$
-
 
 
$
1,101
 
 
$
70
 
Commercial real estate
 
 
253
 
 
 
253
 
 
 
-
 
 
 
339
 
 
 
6
 
Construction and land development
 
 
134
 
 
 
134
 
 
 
-
 
 
 
134
 
 
 
-
 
Commercial business
 
 
184
 
 
 
184
 
 
 
-
 
 
 
198
 
 
 
10
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
 
80
 
 
 
270
 
 
 
21
 
 
 
256
 
 
 
1
 
Commercial real estate
 
 
259
 
 
 
259
 
 
 
144
 
 
 
163
 
 
 
-
 
Construction and land development
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
540
 
 
 
540
 
 
 
539
 
 
 
492
 
 
 
-
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,152
 
 
$
3,621
 
 
$
21
 
 
$
1,357
 
 
$
71
 
Commercial real estate
 
$
512
 
 
$
512
 
 
$
144
 
 
$
502
 
 
$
6
 
Construction & land development
 
$
134
 
 
$
134
 
 
$
-
 
 
$
134
 
 
$
-
 
Commercial business
 
$
724
 
 
$
724
 
 
$
539
 
 
$
690
 
 
$
10
 
 
 
 
 
 
 
For the twelve months ended
 
 
 
As of December 31, 2016
 
 
December 31, 2016
 
 
 
 
 
 
Unpaid
 
 
 
 
 
Average
 
 
Interest
 
(Dollars in thousands)
 
Recorded
 
 
Principal
 
 
Related
 
 
Recorded
 
 
Income
 
 
 
Investment
 
 
Balance
 
 
Allowance
 
 
Investment
 
 
Recognized
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,309
 
 
$
3,293
 
 
$
-
 
 
$
2,582
 
 
$
120
 
Commercial real estate
 
 
305
 
 
 
305
 
 
 
-
 
 
 
1,138
 
 
 
6
 
Construction and land development
 
 
134
 
 
 
134
 
 
 
-
 
 
 
134
 
 
 
-
 
Commercial business
 
 
212
 
 
 
212
 
 
 
-
 
 
 
168
 
 
 
4
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
 
1,066
 
 
 
1,066
 
 
 
879
 
 
 
348
 
 
 
6
 
Commercial real estate
 
 
18
 
 
 
18
 
 
 
3
 
 
 
89
 
 
 
-
 
Construction & land development
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
475
 
 
 
475
 
 
 
354
 
 
 
324
 
 
 
1
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
2,375
 
 
$
4,359
 
 
$
879
 
 
$
2,930
 
 
$
126
 
Commercial real estate
 
$
323
 
 
$
323
 
 
$
3
 
 
$
1,227
 
 
$
6
 
Construction & land development
 
$
134
 
 
$
134
 
 
$
-
 
 
$
134
 
 
$
-
 
Commercial business
 
$
687
 
 
$
687
 
 
$
354
 
 
$
492
 
 
$
5
 
  
As a result of acquisition activity, the Bancorp acquired loans for which there was evidence of credit quality deterioration since origination and it was determined that it was probable that the Bancorp would be unable to collect all contractually required principal and interest payments. At December 31, 2017, purchased credit impaired loans with unpaid principal balances totaled $2.6 million with a recorded investment of $690 thousand. At December 31, 2016, purchased credit impaired loans with unpaid principal balances totaled $2.9 million with a recorded investment of $956 thousand.
 
The Bancorp's age analysis of past due loans is summarized below:
 
(Dollars In thousands)
 
30-59 Days Past
Due
 
 
60-89 Days Past
Due
 
 
Greater Than 90
Days Past Due
 
 
Total Past Due
 
 
Current
 
 
Total Loans
 
 
Recorded
Investments
Greater than 90
Days Past Due
and Accruing
 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
4,921
 
 
$
1,751
 
 
$
3,092
 
 
$
9,764
 
 
$
162,377
 
 
$
172,141
 
 
$
225
 
Home equity
 
 
295
 
 
 
18
 
 
 
234
 
 
 
547
 
 
 
36,222
 
 
 
36,769
 
 
 
2
 
Commercial real estate
 
 
951
 
 
 
96
 
 
 
332
 
 
 
1,379
 
 
 
209,711
 
 
 
211,090
 
 
 
-
 
Construction and land development
 
 
-
 
 
 
-
 
 
 
133
 
 
 
133
 
 
 
50,613
 
 
 
50,746
 
 
 
-
 
Multifamily
 
 
319
 
 
 
-
 
 
 
-
 
 
 
319
 
 
 
43,049
 
 
 
43,368
 
 
 
-
 
Commercial business
 
 
285
 
 
 
162
 
 
 
539
 
 
 
986
 
 
 
75,865
 
 
 
76,851
 
 
 
-
 
Consumer
 
 
1
 
 
 
-
 
 
 
-
 
 
 
1
 
 
 
460
 
 
 
461
 
 
 
-
 
Government
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
28,785
 
 
 
28,785
 
 
 
-
 
Total
 
$
6,772
 
 
$
2,027
 
 
$
4,330
 
 
$
13,129
 
 
$
607,082
 
 
$
620,211
 
 
$
227
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
3,640
 
 
$
1,702
 
 
$
3,804
 
 
$
9,146
 
 
$
164,115
 
 
$
173,262
 
 
$
436
 
Home equity
 
 
334
 
 
 
73
 
 
 
220
 
 
 
626
 
 
 
31,949
 
 
 
32,575
 
 
 
64
 
Commercial real estate
 
 
208
 
 
 
189
 
 
 
323
 
 
 
720
 
 
 
194,718
 
 
 
195,438
 
 
 
-
 
Construction and land development
 
 
-
 
 
 
-
 
 
 
134
 
 
 
134
 
 
 
38,804
 
 
 
38,937
 
 
 
-
 
Multifamily
 
 
188
 
 
 
-
 
 
 
-
 
 
 
188
 
 
 
35,898
 
 
 
36,086
 
 
 
-
 
Commercial business
 
 
171
 
 
 
217
 
 
 
465
 
 
 
853
 
 
 
76,445
 
 
 
77,299
 
 
 
-
 
Consumer
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
524
 
 
 
524
 
 
 
-
 
Government
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
29,529
 
 
 
29,529
 
 
 
-
 
Total
 
$
4,541
 
 
$
2,181
 
 
$
4,946
 
 
$
11,668
 
 
$
571,982
 
 
$
583,650
 
 
$
500
 
 
The Bancorp's loans on nonaccrual status are summarized below:
 
(Dollars in thousands)
 
 
 
December 31,
 
 
December 31,
 
 
 
2017
 
 
2016
 
Residential real estate
 
$
3,509
 
 
$
4,146
 
Home equity
 
 
350
 
 
 
376
 
Commercial real estate
 
 
332
 
 
 
323
 
Construction and land development
 
 
133
 
 
 
134
 
Multifamily
 
 
-
 
 
 
-
 
Commercial business
 
 
672
 
 
 
628
 
Consumer
 
 
-
 
 
 
-
 
Government
 
 
-
 
 
 
-
 
Total
 
$
4,996
 
 
$
5,605