Annual report pursuant to Section 13 and 15(d)

Loans Receivable (Tables)

v3.10.0.1
Loans Receivable (Tables)
 12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Year end loans are summarized below:
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
December 31, 2018
 
 
December 31, 2017
 
Loans secured by real estate:
 
 
 
 
 
 
 
 
Residential real estate
 
$
224,082
 
 
$
172,780
 
Home equity
 
 
45,423
 
 
 
36,718
 
Commercial real estate
 
 
253,104
 
 
 
211,090
 
Construction and land development
 
 
64,433
 
 
 
50,746
 
Multifamily
 
 
47,234
 
 
 
43,369
 
Farmland
 
 
240
 
 
 
-
 
Total loans secured by real estate
 
 
634,516
 
 
 
514,703
 
Commercial business
 
 
103,628
 
 
 
77,122
 
Consumer
 
 
5,293
 
 
 
460
 
Government
 
 
21,101
 
 
 
28,785
 
Subtotal
 
 
764,538
 
 
 
621,070
 
Adjustments:
 
 
 
 
 
 
 
 
Net deferred loan origination costs (fees
)
 
 
530
 
 
 
(130
)
Undisbursed loan funds
 
 
(668
)
 
 
(729
)
Loans receivable
 
$
764,400
 
 
$
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 twelve months ended December 31, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,568
 
 
$
(194
)
 
$
1
 
 
$
340
 
 
$
1,715
 
Home equity
 
 
166
 
 
 
(48
)
 
 
-
 
 
 
84
 
 
 
202
 
Commercial real estate
 
 
3,125
 
 
 
(119
)
 
 
24
 
 
 
305
 
 
 
3,335
 
Construction and land development
 
 
618
 
 
 
-
 
 
 
-
 
 
 
138
 
 
 
756
 
Multifamily
 
 
622
 
 
 
-
 
 
 
-
 
 
 
(150
)
 
 
472
 
Farmland
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
1,298
 
 
 
(592
)
 
 
134
 
 
 
522
 
 
 
1,362
 
Consumer
 
 
31
 
 
 
(58
)
 
 
24
 
 
 
85
 
 
 
82
 
Government
 
 
54
 
 
 
-
 
 
 
-
 
 
 
(16
)
 
 
38
 
Total
 
$
7,482
 
 
$
(1,011
)
 
$
183
 
 
$
1,308
 
 
$
7,962
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
Farmland
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
896
 
 
 
(386
)
 
 
39
 
 
 
749
 
 
 
1,298
 
Consumer
 
 
34
 
 
 
(71
)
 
 
18
 
 
 
50
 
 
 
31
 
Government
 
 
56
 
 
 
-
 
 
 
-
 
 
 
(2
)
 
 
54
 
Total
 
$
7,698
 
 
$
(1,476
)
 
$
60
 
 
$
1,200
 
 
$
7,482
 
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 December 31, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
22
 
 
$
1,693
 
 
$
223,323
 
 
$
570
 
 
$
980
 
 
$
221,773
 
Home equity
 
 
9
 
 
 
193
 
 
 
45,483
 
 
 
141
 
 
 
123
 
 
 
45,219
 
Commercial real estate
 
 
210
 
 
 
3,125
 
 
 
253,104
 
 
 
1,703
 
 
 
402
 
 
 
250,999
 
Construction and land development
 
 
-
 
 
 
756
 
 
 
64,433
 
 
 
-
 
 
 
-
 
 
 
64,433
 
Multifamily
 
 
-
 
 
 
472
 
 
 
47,234
 
 
 
-
 
 
 
-
 
 
 
47,234
 
Farmland
 
 
-
 
 
 
-
 
 
 
240
 
 
 
-
 
 
 
-
 
 
 
240
 
Commercial business
 
 
5
 
 
 
1,357
 
 
 
103,439
 
 
 
423
 
 
 
1,440
 
 
 
101,576
 
Consumer
 
 
-
 
 
 
82
 
 
 
6,043
 
 
 
-
 
 
 
-
 
 
 
6,043
 
Government
 
 
-
 
 
 
38
 
 
 
21,101
 
 
 
-
 
 
 
-
 
 
 
21,101
 
Total
 
$
246
 
 
$
7,716
 
 
$
764,400
 
 
$
2,837
 
 
$
2,945
 
 
$
758,618
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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]
Performing loans are loans that are paying as agreed and are approximately less than ninety days past due on payments of interest and principal.
 
 
 
Credit Exposure - Credit Risk Portfolio By Creditworthiness Category
 
 
 
 
 
 
December 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
 
$
261
 
 
$
58,276
 
 
$
100,374
 
 
$
10,404
 
 
$
44,734
 
 
$
3,908
 
 
$
5,366
 
 
$
223,323
 
Home equity
 
 
192
 
 
 
3,736
 
 
 
40,165
 
 
 
37
 
 
 
323
 
 
 
657
 
 
 
373
 
 
 
45,483
 
Commercial real estate
 
 
-
 
 
 
5,042
 
 
 
78,611
 
 
 
110,984
 
 
 
51,982
 
 
 
4,715
 
 
 
1,770
 
 
 
253,104
 
Construction and land development
 
 
-
 
 
 
322
 
 
 
24,271
 
 
 
29,383
 
 
 
10,457
 
 
 
-
 
 
 
-
 
 
 
64,433
 
Multifamily
 
 
-
 
 
 
569
 
 
 
19,255
 
 
 
23,417
 
 
 
3,844
 
 
 
149
 
 
 
-
 
 
 
47,234
 
Farmland
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
240
 
 
 
-
 
 
 
-
 
 
 
240
 
Commercial business
 
 
10,655
 
 
 
19,127
 
 
 
20,941
 
 
 
34,996
 
 
 
14,034
 
 
 
2,958
 
 
 
728
 
 
 
103,439
 
Consumer
 
 
925
 
 
 
2,953
 
 
 
1,040
 
 
 
196
 
 
 
909
 
 
 
20
 
 
 
-
 
 
 
6,043
 
Government
 
 
-
 
 
 
2,111
 
 
 
14,795
 
 
 
4,195
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
21,101
 
Total
 
$
12,033
 
 
$
92,136
 
 
$
299,452
 
 
$
213,612
 
 
$
126,523
 
 
$
12,407
 
 
$
8,237
 
 
$
764,400
 
 
 
 
December 31, 2017
 
 
 
 
(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
 
$
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 twelve months ended
 
 
 
As of December 31, 2018
 
 
December 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
 
$
1,389
 
 
$
3,628
 
 
$
-
 
 
$
1,244
 
 
$
79
 
Home equity
 
 
207
 
 
 
214
 
 
 
-
 
 
 
111
 
 
 
2
 
Commercial real estate
 
 
1,624
 
 
 
2,222
 
 
 
-
 
 
 
1,216
 
 
 
64
 
Construction and land development.
 
 
-
 
 
 
-
 
 
 
-
 
 
 
54
 
 
 
-
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Farmland
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
1,799
 
 
 
2,038
 
 
 
-
 
 
 
880
 
 
 
38
 
Consumer
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Government
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
 
161
 
 
 
161
 
 
 
22
 
 
 
123
 
 
 
5
 
Home equity
 
 
57
 
 
 
57
 
 
 
9
 
 
 
35
 
 
 
-
 
Commercial real estate
 
 
481
 
 
 
481
 
 
 
210
 
 
 
320
 
 
 
-
 
Construction and land development.
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Farmland
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
64
 
 
 
64
 
 
 
5
 
 
 
140
 
 
 
1
 
Consumer
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Government
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,550
 
 
$
3,789
 
 
$
22
 
 
$
1,367
 
 
$
84
 
Home equity
 
$
264
 
 
$
271
 
 
$
9
 
 
$
146
 
 
$
2
 
Commercial real estate
 
$
2,105
 
 
$
2,703
 
 
$
210
 
 
$
1,536
 
 
$
64
 
Construction & land development
 
$
-
 
 
$
-
 
 
$
-
 
 
$
54
 
 
$
-
 
Multifamily
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
Farmland
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
Commercial business
 
$
1,863
 
 
$
2,102
 
 
$
5
 
 
$
1,020
 
 
$
39
 
Consumer
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
Government
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
For the twelve months ended
 
 
 
As of December 31, 2017
 
 
December 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
 
 
$
-
 
 
$
1,101
 
 
$
70
 
Home equity
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial real estate
 
 
253
 
 
 
253
 
 
 
-
 
 
 
339
 
 
 
6
 
Construction & land development
 
 
134
 
 
 
134
 
 
 
-
 
 
 
134
 
 
 
-
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Farmland
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
184
 
 
 
184
 
 
 
-
 
 
 
198
 
 
 
10
 
Consumer
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Government
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
 
80
 
 
 
270
 
 
 
21
 
 
 
256
 
 
 
1
 
Home equity
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial real estate
 
 
259
 
 
 
259
 
 
 
144
 
 
 
163
 
 
 
-
 
Construction & land development
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Farmland
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
540
 
 
 
540
 
 
 
539
 
 
 
492
 
 
 
-
 
Consumer
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Government
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
1,152
 
 
$
3,621
 
 
$
21
 
 
$
1,357
 
 
$
71
 
Home equity
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
Commercial real estate
 
$
512
 
 
$
512
 
 
$
144
 
 
$
502
 
 
$
6
 
Construction & land development
 
$
134
 
 
$
134
 
 
$
-
 
 
$
134
 
 
$
-
 
Multifamily
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
Farmland
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
Commercial business
 
$
724
 
 
$
724
 
 
$
539
 
 
$
690
 
 
$
10
 
Consumer
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
Government
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
Certain Loans Acquired in Transfer Accounted for as Debt Securities Acquired During Period [Table Text Block]
The following table details the acquired loans from the First Personal acquisition that are accounted for in accordance with ASC 310-30 as of July 24th, 2018:
 
(dollars in thousands)
 
First Personal
 
 
 
2018
 
Contractually required principal and interest at acquisition
 
$
5,580
 
Contractual cash flows not expected to be collected (nonaccretable discount)
 
 
1,255
 
Expected cash flows at acquistion
 
 
4,325
 
Interest component of expected cash flows (accretable discount)
 
 
424
 
Fair value of acquired loans accounted for under ASC 310-30
 
$
3,901
 
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
 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
3,659
 
 
$
909
 
 
$
4,362
 
 
$
8,930
 
 
$
214,393
 
 
$
223,323
 
 
$
122
 
Home equity
 
 
143
 
 
 
5
 
 
 
304
 
 
 
452
 
 
 
45,031
 
 
 
45,483
 
 
 
50
 
Commercial real estate
 
 
842
 
 
 
18
 
 
 
611
 
 
 
1,471
 
 
 
251,633
 
 
 
253,104
 
 
 
-
 
Construction and land development.
 
 
491
 
 
 
533
 
 
 
-
 
 
 
1,024
 
 
 
63,409
 
 
 
64,433
 
 
 
-
 
Multifamily
 
 
-
 
 
 
149
 
 
 
-
 
 
 
149
 
 
 
47,085
 
 
 
47,234
 
 
 
-
 
Farmland
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
240
 
 
 
240
 
 
 
-
 
Commercial business
 
 
733
 
 
 
260
 
 
 
436
 
 
 
1,429
 
 
 
102,010
 
 
 
103,439
 
 
 
149
 
Consumer
 
 
1
 
 
 
72
 
 
 
-
 
 
 
73
 
 
 
5,970
 
 
 
6,043
 
 
 
-
 
Government
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
21,101
 
 
 
21,101
 
 
 
-
 
Total
 
$
5,869
 
 
$
1,946
 
 
$
5,713
 
 
$
13,528
 
 
$
750,872
 
 
$
764,400
 
 
$
321
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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)
 
December 31,

2018
 
 
December 31,

2017
 
Residential real estate
 
$
5,135
 
 
$
3,509
 
Home equity
 
 
270
 
 
 
350
 
Commercial real estate
 
 
695
 
 
 
332
 
Construction and land development.
 
 
-
 
 
 
133
 
Multifamily
 
 
-
 
 
 
-
 
Farmland
 
 
-
 
 
 
-
 
Commercial business
 
 
495
 
 
 
672
 
Consumer
 
 
-
 
 
 
-
 
Government
 
 
-
 
 
 
-
 
Total
 
$
6,595
 
 
$
4,996
 
Summary of Financing Receivables Acquired [Table Text Block]
For the acquisitions of First Federal Savings & Loan (“First Federal”), Liberty Savings Bank (“Liberty Savings”), and First Personal, as part of the fair value of loans receivable, a net fair value discount was established for loans. This discount, or accretable yield, is recognized in interest income over the remaining estimated life of the loan pools. The net fair value discount at the acquisition date and accretable periods are summarized below:
 
(dollars in thousands)
 
First Federal
 
 
Liberty Savings
 
 
First Personal
 
 
 
Net fair value

discount
 
 
Accretable period

in months
 
 
Net fair value

discount
 
 
Accretable period

in months
 
 
Net fair value

discount
 
 
Accretable period

in months
 
Residential real estate
 
$
1,062
 
 
 
59
 
 
$
1,203
 
 
 
44
 
 
$
948
 
 
 
56
 
Home equity
 
 
44
 
 
 
29
 
 
 
5
 
 
 
29
 
 
 
51
 
 
 
50
 
Commercial real estate
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
208
 
 
 
56
 
Construction and land development
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1
 
 
 
30
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
11
 
 
 
48
 
Consumer
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
146
 
 
 
50
 
Commercial business
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
348
 
 
 
24
 
Purchased credit impaired loans
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
424
 
 
 
32
 
Total
 
$
1,106
 
 
 
 
 
 
$
1,208
 
 
 
 
 
 
$
2,137
 
 
 
 
 
Summary of Accretable Yield from Acquired Financing Receivables [Table Text Block]
Accretable yield, or income recorded for the twelve months ended December 31, is as follows:
 
(dollars in thousands)
 
First Federal
 
 
Liberty Savings
 
 
First Personal
 
 
Total
 
2017
 
$
149
 
 
$
307
 
 
$
-
 
 
$
456
 
2018
 
 
138
 
 
 
266
 
 
 
424
 
 
 
828
 
Summary of Future Accretable Yield from Acquired Financing Receivables [Table Text Block]
Accretable yield, or income expected to be recorded in the future is as follows:
         
 
(dollars in thousands)
 
First Federal
 
 
Liberty Savings
 
 
First Personal
 
 
Total
 
2019
 
$
22
 
 
$
42
 
 
$
561
 
 
$
625
 
2020
 
 
-
 
 
 
-
 
 
 
496
 
 
 
496
 
2021
 
 
-
 
 
 
-
 
 
 
319
 
 
 
319
 
2022
 
 
-
 
 
 
-
 
 
 
277
 
 
 
277
 
2023
 
 
-
 
 
 
-
 
 
 
60
 
 
 
60
 
Total
 
$
22
 
 
$
42
 
 
$
1,713
 
 
$
1,777