Quarterly report pursuant to Section 13 or 15(d)

Loans Receivable (Tables)

v3.8.0.1
Loans Receivable (Tables)
 3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Loans receivable are summarized below:
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
March 31, 2018
 
December 31, 2017
 
Loans secured by real estate:
 
 
 
 
 
 
 
Residential real estate
 
$
174,053
 
$
172,780
 
Home equity
 
 
36,606
 
 
36,718
 
Commercial real estate
 
 
208,482
 
 
211,090
 
Construction and land development
 
 
53,775
 
 
50,746
 
Farmland
 
 
248
 
 
-
 
Multifamily
 
 
44,612
 
 
43,369
 
Total loans secured by real estate
 
 
517,776
 
 
514,703
 
Consumer
 
 
489
 
 
460
 
Commercial business
 
 
76,546
 
 
77,122
 
Government
 
 
30,176
 
 
28,785
 
Subtotal
 
 
624,987
 
 
621,070
 
Less:
 
 
 
 
 
 
 
Net deferred loan origination fees
 
 
(124)
 
 
(130)
 
Undisbursed loan funds
 
 
(201)
 
 
(729)
 
Loans receivable
 
$
624,662
 
$
620,211
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
(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 three months ended March 31, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,568
 
$
(68)
 
 
-
 
$
(7)
 
$
1,493
 
Home equity
 
 
166
 
 
(19)
 
 
-
 
 
12
 
 
159
 
Commercial real estate
 
 
3,125
 
 
(119)
 
 
-
 
 
(10)
 
 
2,996
 
Construction and land development
 
 
618
 
 
-
 
 
-
 
 
43
 
 
661
 
Multifamily
 
 
622
 
 
-
 
 
-
 
 
(7)
 
 
615
 
Farmland
 
 
-
 
 
-
 
 
-
 
 
4
 
 
4
 
Consumer
 
 
31
 
 
(8)
 
 
4
 
 
8
 
 
35
 
Commercial business
 
 
1,298
 
 
(526)
 
 
10
 
 
295
 
 
1,077
 
Government
 
 
54
 
 
-
 
 
-
 
 
3
 
 
57
 
Total
 
$
7,482
 
$
(740)
 
$
14
 
$
341
 
$
7,097
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended March 31, 2017:
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
2,111
 
$
(858)
 
$
-
 
$
42
 
$
1,295
 
Home equity
 
 
299
 
 
-
 
 
-
 
 
7
 
 
306
 
Commercial real estate
 
 
3,113
 
 
-
 
 
-
 
 
85
 
 
3,198
 
Construction and land development
 
 
617
 
 
-
 
 
-
 
 
(24)
 
 
593
 
Multifamily
 
 
572
 
 
-
 
 
-
 
 
(11)
 
 
561
 
Farmland
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Consumer
 
 
34
 
 
(5)
 
 
2
 
 
(3)
 
 
28
 
Commercial business
 
 
896
 
 
(245)
 
 
8
 
 
136
 
 
795
 
Government
 
 
56
 
 
-
 
 
-
 
 
2
 
 
58
 
Total
 
$
7,698
 
$
(1,108)
 
$
10
 
$
234
 
$
6,834
 
Individually Impaired Loans Receivables [Table Text Block]
 
 
 
Ending Balances
 
(Dollars in thousands)
 
Individually
evaluated for
impairment
reserves
 
Collectively
evaluated for
impairment
reserves
 
Loan receivables
 
Individually
evaluated for
impairment
 
Purchased credit
impaired
individually
evaluated for
impairment
 
Collectively
evaluated for
impairment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at March 31, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
31
 
$
1,462
 
$
173,866
 
$
561
 
$
712
 
$
172,593
 
Home equity
 
 
-
 
 
159
 
 
36,658
 
 
69
 
 
-
 
 
36,589
 
Commercial real estate
 
 
18
 
 
2,978
 
 
208,482
 
 
363
 
 
-
 
 
208,119
 
Construction and land development
 
 
-
 
 
661
 
 
53,775
 
 
134
 
 
-
 
 
53,641
 
Multifamily
 
 
-
 
 
615
 
 
44,612
 
 
-
 
 
-
 
 
44,612
 
Farmland
 
 
-
 
 
4
 
 
248
 
 
-
 
 
-
 
 
248
 
Commercial business
 
 
10
 
 
1,067
 
 
76,354
 
 
193
 
 
-
 
 
76,161
 
Consumer
 
 
-
 
 
35
 
 
491
 
 
-
 
 
-
 
 
491
 
Government
 
 
-
 
 
57
 
 
30,176
 
 
-
 
 
-
 
 
30,176
 
Total
 
$
59
 
$
7,038
 
$
624,662
 
$
1,320
 
$
712
 
$
622,630
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
Farmland
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
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
 
Financing Receivable Credit Quality Indicators [Table Text Block]
The Bancorp's credit quality indicators are summarized below at March 31, 2018 and December 31, 2017:
 
 
 
Credit Exposure - Credit Risk Portfolio By Creditworthiness Category
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2018
 
(Dollars in thousands)
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
 
 
 
Loan Segment
 
Moderate
 
Above average
acceptable
 
Acceptable
 
Marginally
acceptable
 
Pass/monitor
 
Special
mention
 
Substandard
 
Total
 
Residential real estate
 
$
614
 
$
14,951
 
$
92,844
 
$
8,649
 
$
48,937
 
$
4,186
 
$
3,685
 
$
173,866
 
Home equity
 
 
67
 
 
906
 
 
34,929
 
 
-
 
 
173
 
 
271
 
 
312
 
 
36,658
 
Commercial real estate
 
 
-
 
 
2,127
 
 
76,593
 
 
81,047
 
 
42,746
 
 
5,606
 
 
363
 
 
208,482
 
Construction and land development
 
 
-
 
 
-
 
 
23,208
 
 
21,159
 
 
9,274
 
 
-
 
 
134
 
 
53,775
 
Multifamily
 
 
-
 
 
-
 
 
19,887
 
 
22,882
 
 
1,610
 
 
233
 
 
-
 
 
44,612
 
Farmland
 
 
-
 
 
-
 
 
248
 
 
-
 
 
-
 
 
-
 
 
-
 
 
248
 
Commercial business
 
 
7,986
 
 
17,545
 
 
14,153
 
 
22,060
 
 
12,275
 
 
2,142
 
 
193
 
 
76,354
 
Consumer
 
 
118
 
 
3
 
 
361
 
 
-
 
 
-
 
 
-
 
 
9
 
 
491
 
Government
 
 
-
 
 
2,220
 
 
21,976
 
 
5,980
 
 
-
 
 
-
 
 
-
 
 
30,176
 
Total
 
$
8,785
 
$
37,752
 
$
284,199
 
$
161,777
 
$
115,015
 
$
12,438
 
$
4,696
 
$
624,662
 
 
 
 
December 31, 2017
 
 
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
 
 
 
Loan Segment
 
Moderate
 
Above average
acceptable
 
Acceptable
 
Marginally
acceptable
 
Pass/monitor
 
Special
mention
 
Substandard
 
Total
 
Residential real estate
 
$
887
 
$
12,317
 
$
92,241
 
$
8,759
 
$
50,075
 
$
4,130
 
$
3,732
 
$
172,141
 
Home equity
 
 
-
 
 
1,065
 
 
34,871
 
 
-
 
 
250
 
 
233
 
 
350
 
 
36,769
 
Commercial real estate
 
 
-
 
 
2,372
 
 
79,847
 
 
81,547
 
 
40,054
 
 
6,758
 
 
512
 
 
211,090
 
Construction and land development
 
 
-
 
 
-
 
 
20,719
 
 
19,583
 
 
10,310
 
 
-
 
 
134
 
 
50,746
 
Multifamily
 
 
-
 
 
-
 
 
20,159
 
 
20,965
 
 
2,076
 
 
168
 
 
-
 
 
43,368
 
Farmland
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business
 
 
7,169
 
 
17,202
 
 
16,784
 
 
21,087
 
 
13,041
 
 
394
 
 
1,174
 
 
76,851
 
Consumer
 
 
-
 
 
131
 
 
330
 
 
-
 
 
-
 
 
-
 
 
-
 
 
461
 
Government
 
 
-
 
 
2,318
 
 
20,202
 
 
6,265
 
 
-
 
 
-
 
 
-
 
 
28,785
 
Total
 
$
8,056
 
$
35,405
 
$
285,153
 
$
158,206
 
$
115,806
 
$
11,683
 
$
5,902
 
$
620,211
 
Impaired Financing Receivables [Table Text Block]
The Bancorp's individually evaluated impaired loans are summarized below:
 
 
 
 
 
 
 
 
 
 
 
 
For the three months ended
 
 
 
As of March 31, 2018
 
March 31, 2018
 
(Dollars in thousands)
 
Recorded
Investment
 
Unpaid Principal
Balance
 
Related Allowance
 
Average Recorded
Investment
 
Interest Income
Recognized
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,141
 
$
2,871
 
$
-
 
$
1,103
 
$
6
 
Home equity
 
 
69
 
 
69
 
 
-
 
 
35
 
 
 
 
Commercial real estate
 
 
250
 
 
250
 
 
-
 
 
252
 
 
-
 
Construction and land development
 
 
134
 
 
134
 
 
-
 
 
134
 
 
-
 
Commercial business
 
 
183
 
 
183
 
 
-
 
 
184
 
 
1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
 
132
 
 
132
 
 
31
 
 
106
 
 
5
 
Home equity
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial real estate
 
 
113
 
 
113
 
 
18
 
 
186
 
 
4
 
Construction and land development
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business
 
 
10
 
 
10
 
 
10
 
 
275
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,273
 
$
3,003
 
$
31
 
$
1,209
 
$
11
 
Home equity
 
$
69
 
$
69
 
$
-
 
$
35
 
$
-
 
Commercial real estate
 
$
363
 
$
364
 
$
18
 
$
438
 
$
4
 
Construction & land development
 
$
134
 
$
134
 
$
-
 
$
134
 
$
-
 
Commercial business
 
$
193
 
$
193
 
$
10
 
$
459
 
$
1
 
 
 
 
 
 
 
 
 
 
 
 
 
For the three months ended
 
 
 
As of December 31, 2017
 
March 31, 2017
 
(Dollars in thousands)
 
Recorded
Investment
 
Unpaid Principal
Balance
 
Related Allowance
 
Average Recorded
Investment
 
Interest Income
Recognized
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,072
 
$
3,351
 
$
-
 
$
1,350
 
$
11
 
Home equity
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial real estate
 
 
253
 
 
253
 
 
-
 
 
363
 
 
1
 
Construction and land development
 
 
134
 
 
134
 
 
-
 
 
134
 
 
-
 
Commercial business
 
 
184
 
 
184
 
 
-
 
 
209
 
 
1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
 
80
 
 
270
 
 
21
 
 
533
 
 
-
 
Home equity
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial real estate
 
 
259
 
 
259
 
 
144
 
 
79
 
 
-
 
Construction & land development
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business
 
 
540
 
 
540
 
 
539
 
 
327
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,152
 
$
3,621
 
$
21
 
$
1,883
 
$
11
 
Home equity
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
Commercial real estate
 
$
512
 
$
512
 
$
144
 
$
442
 
$
1
 
Construction & land development
 
$
134
 
$
134
 
$
-
 
$
134
 
$
-
 
Commercial business
 
$
724
 
$
724
 
$
539
 
$
536
 
$
1
 
Past Due Financing Receivables [Table Text Block]
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
 
March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
2,858
 
$
1,222
 
$
2,789
 
$
6,869
 
$
166,997
 
$
173,866
 
$
46
 
Home equity
 
 
361
 
 
-
 
 
218
 
 
579
 
 
36,079
 
 
36,658
 
 
5
 
Commercial real estate
 
 
1,367
 
 
-
 
 
183
 
 
1,550
 
 
206,932
 
 
208,482
 
 
-
 
Construction and land development
 
 
-
 
 
-
 
 
134
 
 
134
 
 
53,641
 
 
53,775
 
 
-
 
Multifamily
 
 
-
 
 
165
 
 
-
 
 
165
 
 
44,447
 
 
44,612
 
 
-
 
Farmland
 
 
-
 
 
-
 
 
-
 
 
-
 
 
248
 
 
248
 
 
-
 
Commercial business
 
 
228
 
 
275
 
 
142
 
 
645
 
 
75,709
 
 
76,354
 
 
-
 
Consumer
 
 
9
 
 
-
 
 
-
 
 
9
 
 
482
 
 
491
 
 
-
 
Government
 
 
-
 
 
-
 
 
-
 
 
-
 
 
30,176
 
 
30,176
 
 
-
 
Total
 
$
4,823
 
$
1,662
 
$
3,466
 
$
9,951
 
$
614,711
 
$
624,662
 
$
51
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
-
 
Farmland
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
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
 
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
The Bancorp's loans on nonaccrual status are summarized below:
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
March 31,
2018
 
December 31,
2017
 
Residential real estate
 
$
3,221
 
$
3,509
 
Home equity
 
 
307
 
 
350
 
Commercial real estate
 
 
183
 
 
332
 
Construction and land development
 
 
134
 
 
133
 
Multifamily
 
 
-
 
 
-
 
Farmland
 
 
-
 
 
-
 
Commercial business
 
 
142
 
 
672
 
Consumer
 
 
9
 
 
-
 
Government
 
 
-
 
 
-
 
Total
 
$
3,996
 
$
4,996