Quarterly report pursuant to Section 13 or 15(d)

Loans Receivable

v3.10.0.1
Loans Receivable
9 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
Note 5 - Loans Receivable
 
Loans receivable are summarized below:
 
(Dollars in thousands)
 
 
September 30, 2018
 
 
December 31, 2017
 
Loans secured by real estate:
 
 
 
 
 
 
 
 
Residential real estate
 
 
221,054
 
 
 
172,780
 
Home equity
 
 
43,175
 
 
 
36,718
 
Commercial real estate
 
 
243,304
 
 
 
211,090
 
Construction and land development
 
 
54,755
 
 
 
50,746
 
Farmland
 
 
242
 
 
 
-
 
Multifamily
 
 
45,752
 
 
 
43,369
 
Total loans secured by real estate
 
 
608,282
 
 
 
514,703
 
Consumer
 
 
5,633
 
 
 
460
 
Commercial business
 
 
102,820
 
 
 
77,122
 
Government
 
 
25,763
 
 
 
28,785
 
Subtotal
 
 
742,498
 
 
 
621,070
 
Less:
 
 
 
 
 
 
 
 
Net deferred loan origination fees
 
 
(188
)
 
 
(130
)
Undisbursed loan funds
 
 
(78
)
 
 
(729
)
Loans receivable
 
$
742,232
 
 
$
620,211
 
 
(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 September 30, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,523
 
 
$
(30
)
 
 
-
 
 
$
82
 
 
$
1,575
 
Home equity
 
 
183
 
 
 
-
 
 
 
-
 
 
 
10
 
 
 
193
 
Commercial real estate
 
 
3,170
 
 
 
-
 
 
 
22
 
 
 
48
 
 
 
3,240
 
Construction and land development
 
 
611
 
 
 
-
 
 
 
-
 
 
 
(32
)
 
 
579
 
Multifamily
 
 
607
 
 
 
-
 
 
 
-
 
 
 
(150
)
 
 
457
 
Farmland
 
 
4
 
 
 
-
 
 
 
-
 
 
 
(1
)
 
 
3
 
Consumer
 
 
36
 
 
 
(19
)
 
 
8
 
 
 
298
 
 
 
323
 
Commercial business
 
 
1,264
 
 
 
-
 
 
 
8
 
 
 
61
 
 
 
1,333
 
Government
 
 
50
 
 
 
-
 
 
 
-
 
 
 
(4
)
 
 
46
 
Total
 
$
7,448
 
 
$
(49
)
 
$
38
 
 
$
312
 
 
$
7,749
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended September 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,561
 
 
$
(10
)
 
$
3
 
 
$
17
 
 
$
1,571
 
Home equity
 
 
76
 
 
 
(35
)
 
 
-
 
 
 
41
 
 
 
82
 
Commercial real estate
 
 
2,890
 
 
 
-
 
 
 
-
 
 
 
28
 
 
 
2,918
 
Construction and land development
 
 
600
 
 
 
-
 
 
 
-
 
 
 
(30
)
 
 
570
 
Multifamily
 
 
501
 
 
 
-
 
 
 
-
 
 
 
40
 
 
 
541
 
Farmland
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Consumer
 
 
30
 
 
 
(29
)
 
 
7
 
 
 
22
 
 
 
30
 
Commercial business
 
 
1,357
 
 
 
(120
)
 
 
5
 
 
 
49
 
 
 
1,291
 
Government
 
 
58
 
 
 
-
 
 
 
-
 
 
 
(2
)
 
 
56
 
Total
 
$
7,073
 
 
$
(194
)
 
$
15
 
 
$
165
 
 
$
7,059
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the nine months ended September 30, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,568
 
 
$
(136
)
 
$
-
 
 
$
143
 
 
$
1,575
 
Home equity
 
 
166
 
 
 
(24
)
 
 
-
 
 
 
51
 
 
 
193
 
Commercial real estate
 
 
3,125
 
 
 
(119
)
 
 
24
 
 
 
210
 
 
 
3,240
 
Construction and land development
 
 
618
 
 
 
-
 
 
 
-
 
 
 
(39
)
 
 
579
 
Multifamily
 
 
622
 
 
 
-
 
 
 
-
 
 
 
(165
)
 
 
457
 
Farmland
 
 
-
 
 
 
-
 
 
 
-
 
 
 
3
 
 
 
3
 
Consumer
 
 
31
 
 
 
(41
)
 
 
17
 
 
 
316
 
 
 
323
 
Commercial business
 
 
1,298
 
 
 
(529
)
 
 
125
 
 
 
439
 
 
 
1,333
 
Government
 
 
54
 
 
 
-
 
 
 
-
 
 
 
(8
)
 
 
46
 
Total
 
$
7,482
 
 
$
(849
)
 
$
166
 
 
$
950
 
 
$
7,749
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the nine months ended September 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
2,111
 
 
$
(913
)
 
$
3
 
 
$
370
 
 
$
1,571
 
Home equity
 
 
299
 
 
 
(60
)
 
 
-
 
 
 
(157
)
 
 
82
 
Commercial real estate
 
 
3,113
 
 
 
-
 
 
 
-
 
 
 
(195
)
 
 
2,918
 
Construction and land development
 
 
617
 
 
 
-
 
 
 
-
 
 
 
(47
)
 
 
570
 
Multifamily
 
 
572
 
 
 
-
 
 
 
-
 
 
 
(31
)
 
 
541
 
Consumer
 
 
34
 
 
 
(59
)
 
 
11
 
 
 
44
 
 
 
30
 
Commercial business
 
 
896
 
 
 
(365
)
 
 
22
 
 
 
738
 
 
 
1,291
 
Government
 
 
56
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
56
 
Total
 
$
7,698
 
 
$
(1,397
)
 
$
36
 
 
$
722
 
 
$
7,059
 
 
The Bancorp's impairment analysis is summarized below:
 
 
 
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 September 30, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
20
 
 
$
1,555
 
 
$
220,862
 
 
$
536
 
 
$
1,095
 
 
$
219,231
 
Home equity
 
 
9
 
 
 
184
 
 
 
43,234
 
 
 
147
 
 
 
123
 
 
 
42,964
 
Commercial real estate
 
 
278
 
 
 
2,962
 
 
 
243,304
 
 
 
1,804
 
 
 
1,605
 
 
 
239,895
 
Construction and land development
 
 
-
 
 
 
579
 
 
 
54,755
 
 
 
-
 
 
 
-
 
 
 
54,755
 
Multifamily
 
 
-
 
 
 
457
 
 
 
45,752
 
 
 
-
 
 
 
-
 
 
 
45,752
 
Farmland
 
 
-
 
 
 
3
 
 
 
242
 
 
 
-
 
 
 
-
 
 
 
242
 
Consumer
 
 
-
 
 
 
323
 
 
 
5,633
 
 
 
-
 
 
 
-
 
 
 
5,633
 
Commercial business
 
 
69
 
 
 
1,264
 
 
 
102,687
 
 
 
473
 
 
 
1,436
 
 
 
100,778
 
Government
 
 
-
 
 
 
46
 
 
 
25,763
 
 
 
-
 
 
 
-
 
 
 
25,763
 
Total
 
$
376
 
 
$
7,373
 
 
$
742,232
 
 
$
2,960
 
 
$
4,259
 
 
$
735,013
 
 
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
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Consumer
 
 
-
 
 
 
31
 
 
 
461
 
 
 
-
 
 
 
-
 
 
 
461
 
Commercial business
 
 
539
 
 
 
759
 
 
 
76,851
 
 
 
724
 
 
 
-
 
 
 
76,127
 
Government
 
 
-
 
 
 
54
 
 
 
28,785
 
 
 
-
 
 
 
-
 
 
 
28,785
 
Total
 
$
704
 
 
$
6,778
 
 
$
620,211
 
 
$
1,832
 
 
$
690
 
 
$
617,689
 
 
The Bancorp's credit quality indicators are summarized below at September 30, 2018 and December 31, 2017:
 
 
 
Credit Exposure - Credit Risk Portfolio By Creditworthiness Category
 
 
 
September 30, 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
 
$
143
 
 
$
55,619
 
 
$
99,366
 
 
$
8,920
 
 
$
47,779
 
 
$
4,685
 
 
$
4,350
 
 
$
220,862
 
Home equity
 
 
108
 
 
 
4,552
 
 
 
37,472
 
 
 
-
 
 
 
126
 
 
 
544
 
 
 
432
 
 
 
43,234
 
Commercial real estate
 
 
-
 
 
 
6,133
 
 
 
80,598
 
 
 
102,712
 
 
 
46,018
 
 
 
5,972
 
 
 
1,871
 
 
 
243,304
 
Construction and land development
 
 
-
 
 
 
330
 
 
 
22,127
 
 
 
22,895
 
 
 
9,403
 
 
 
-
 
 
 
-
 
 
 
54,755
 
Multifamily
 
 
-
 
 
 
574
 
 
 
19,575
 
 
 
23,686
 
 
 
1,763
 
 
 
154
 
 
 
-
 
 
 
45,752
 
Farmland
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
242
 
 
 
-
 
 
 
-
 
 
 
242
 
Commercial business
 
 
9,872
 
 
 
22,398
 
 
 
22,229
 
 
 
31,540
 
 
 
12,724
 
 
 
3,144
 
 
 
780
 
 
 
102,687
 
Consumer
 
 
794
 
 
 
3,007
 
 
 
678
 
 
 
221
 
 
 
913
 
 
 
20
 
 
 
-
 
 
 
5,633
 
Government
 
 
-
 
 
 
2,111