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
 
 
-