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Loans (Tables)
 6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
Loans
Loans are comprised of the following:
(in 000's)
June 30, 2019
 
December 31, 2018

Commercial and industrial:
 
 
 
Commercial and business loans
$
54,334

 
$
55,929

Government program loans
811

 
1,049

Total commercial and industrial
55,145

 
56,978

Real estate mortgage:
 

 
 

Commercial real estate
227,525

 
229,448

Residential mortgages
54,142

 
59,431

Home improvement and home equity loans
221

 
321

Total real estate mortgage
281,888

 
289,200

Real estate construction and development
114,611

 
108,795

Agricultural
52,027

 
61,149

Installment and student loans
69,750

 
71,811

Total loans
$
573,421

 
$
587,933
Delinquent loans
The following is a summary of delinquent loans at June 30, 2019 (in 000's):
June 30, 2019
Loans
30-60 Days Past Due
 
Loans
61-89 Days Past Due
 
Loans
90 or More
Days Past Due
 
Total Past Due Loans
 
Current Loans
 
Total Loans
 
Accruing
Loans 90 or
More Days Past Due
Commercial and business loans
$
—

 
$
75

 
$
—

 
$
75

 
$
54,259

 
$
54,334

 
$
—

Government program loans
—

 
—

 
—

 
—

 
811

 
811

 
—

Total commercial and industrial
—

 
75

 
—

 
75

 
55,070

 
55,145

 
—

Commercial real estate loans
1,016

 
—

 
—

 
1,016

 
226,509

 
227,525

 
—

Residential mortgages
—

 
—

 
—

 
—

 
54,142

 
54,142

 
—

Home improvement and home equity loans
—

 
—

 
—

 
—

 
221

 
221

 
—

Total real estate mortgage
1,016

 
—

 
—

 
1,016

 
280,872

 
281,888

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate construction and development loans
—

 
—

 
8,825

 
8,825

 
105,786

 
114,611

 
—

Agricultural loans
180

 
—

 
—

 
180

 
51,847

 
52,027

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment and student loans
303

 
371

 
341

 
1,015

 
68,510

 
69,525

 
341

Overdraft protection lines
—

 
—

 
—

 
—

 
35

 
35

 
—

Overdrafts
—

 
—

 
—

 
—

 
190

 
190

 
—

Total installment and student loans
303

 
371

 
341

 
1,015

 
68,735

 
69,750

 
341

Total loans
$
1,499

 
$
446

 
$
9,166

 
$
11,111

 
$
562,310

 
$
573,421

 
$
341


The following is a summary of delinquent loans at December 31, 2018 (in 000's):
December 31, 2018
Loans
30-60 Days Past Due
 
Loans
61-89 Days Past Due
 
Loans
90 or More
Days Past Due
 
Total Past Due Loans
 
Current Loans
 
Total Loans
 
Accruing
Loans 90 or
More Days Past Due
Commercial and business loans
$
—

 
$
—

 
$
—

 
$
—

 
$
55,929

 
$
55,929

 
$
—

Government program loans
—

 
—

 
—

 
—

 
1,049

 
1,049

 
—

Total commercial and industrial
—

 
—

 
—

 
—

 
56,978

 
56,978

 
—

Commercial real estate loans
—

 
—

 
389

 
389

 
229,059

 
229,448

 
—

Residential mortgages
32

 
—

 
—

 
32

 
59,399

 
59,431

 
—

Home improvement and home equity loans
—

 
—

 
—

 
—

 
321

 
321

 
—

Total real estate mortgage
32

 
—

 
389

 
421

 
288,779

 
289,200

 
—

Real estate construction and development loans
—

 
—

 
8,825

 
8,825

 
99,970

 
108,795

 
—

Agricultural loans
—

 
—

 
—

 
—

 
61,149

 
61,149

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment and student loans
130

 
139

 
—

 
269

 
71,362

 
71,631

 
—

Overdraft protection lines
—

 
—

 
—

 
—

 
41

 
41

 
—

Overdrafts
—

 
—

 
—

 
—

 
139

 
139

 
—

Total installment and student loans
130

 
139

 
—

 
269

 
71,542

 
71,811

 
—

Total loans
$
162

 
$
139

 
$
9,214

 
$
9,515

 
$
578,418

 
$
587,933

 
$
—

The following tables summarize the student loan aging for loans in repayment and forbearance as of June 30, 2019 and December 31, 2018 (in 000's, except for number of borrowers):
 
June 30, 2019
 
December 31, 2018
 
Number of Borrowers
 
Amount
 
Number of Borrowers
 
Amount
Current or less than 31 days
201

 
$
18,066

 
248

 
$
22,534

31 - 60 days
6

 
303

 
2

 
130

61 - 90 days
5

 
371

 
4

 
140

91 - 120 days
4

 
281

 
1

 
58

121-180 days
1

 
60

 
—

 
—

Total
217

 
$
19,081

 
255

 
$
22,862
Nonaccrual loan balances
The following is a summary of nonaccrual loan balances at June 30, 2019 and December 31, 2018 (in 000's).
 
June 30, 2019
 
December 31, 2018
Commercial and business loans
$
75

 
$
—

Government program loans
—

 
—

Total commercial and industrial
75

 
—

 
 
 
 
Commercial real estate loans
—

 
389

Residential mortgages
—

 
—

Home improvement and home equity loans
—

 
—

Total real estate mortgage
—

 
389

 
 
 
 
Real estate construction and development loans
11,562

 
11,663

Agricultural loans
—

 
—

Installment and student loans
—

 
—

 
 
 
 
Total loans
$
11,637

 
$
12,052
Impaired loans
The following is a summary of impaired loans at June 30, 2019 (in 000's).
June 30, 2019
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance (1)
 
Recorded
Investment
With Allowance (1)
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment (2)
 
Interest Recognized (2)
Commercial and business loans
$
1,868

 
$
403

 
$
1,475

 
$
1,878

 
$
609

 
$
2,167

 
$
67

Government program loans
274

 
275

 
—

 
275

 
—

 
283

 
9

Total commercial and industrial
2,142

 
678

 
1,475

 
2,153

 
609

 
2,450

 
76

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate loans
1,816

 
914

 
910

 
1,824

 
347

 
1,655

 
53

Residential mortgages
1,841

 
978

 
870

 
1,848

 
32

 
1,915

 
48

Home improvement and home equity loans
—

 
—

 
—

 
—

 
—

 
—

 
—

Total real estate mortgage
3,657

 
1,892

 
1,780

 
3,672

 
379

 
3,570

 
101

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate construction and development loans
11,562

 
11,562

 
—

 
11,562

 
—

 
11,618

 
125

Agricultural loans
659

 
—

 
667

 
667

 
451

 
734

 
32

Installment and student loans
—

 
—

 
—

 
—

 
—

 
24

 
—

 


 


 


 


 


 


 


Total impaired loans
$
18,020

 
$
14,132

 
$
3,922

 
$
18,054

 
$
1,439

 
$
18,396

 
$
334


(1) The recorded investment in loans includes accrued interest receivable of $34.
(2) Information is based on the six months ended ended June 30, 2019.    

The following is a summary of impaired loans at December 31, 2018 (in 000's).

December 31, 2018
Unpaid
Contractual
Principal Balance
 
Recorded
Investment
With No Allowance (1)
 
Recorded
Investment
With Allowance (1)
 
Total
Recorded Investment
 
Related Allowance
 
Average
Recorded Investment (2)
 
Interest Recognized (2)
Commercial and business loans
$
2,513

 
$
470

 
$
2,054

 
$
2,524

 
$
787

 
$
2,955

 
$
179

Government program loans
291

 
292

 
—

 
292

 
—

 
254

 
20

Total commercial and industrial
2,804

 
762

 
2,054

 
2,816

 
787

 
3,209

 
199

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate loans
1,305

 
389

 
919

 
1,308

 
394

 
1,370

 
60

Residential mortgages
2,028

 
391

 
1,646

 
2,037

 
75

 
2,412

 
117

Home improvement and home equity loans
—

 
—

 
—

 
—

 
—

 
—

 
—

Total real estate mortgage
3,333

 
780

 
2,565

 
3,345

 
469

 
3,782

 
177

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate construction and development loans
11,663

 
11,663

 
—

 
11,663

 
—

 
9,144

 
331

Agricultural loans
543

 
—

 
818

 
818

 
520

 
1,014

 
81

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment and student loans
41

 
41

 
—

 
41

 
—

 
48

 
5

 


 


 


 


 


 


 


Total impaired loans
$
18,384

 
$
13,246

 
$
5,437

 
$
18,683

 
$
1,776

 
$
17,197

 
$
793



(1) The recorded investment in loans includes accrued interest receivable of $299.
(2) Information is based on the twelve month period ended December 31, 2018.
Troubled debt restructuring activity
There were no TDR additions or defaults for the three and six months ended June 30, 2019, and the three months ended June 30, 2018.

The following tables illustrates TDR additions for the periods indicated:
 
Six Months Ended June 30, 2018
($ in 000's)
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
Number of Contracts which Defaulted During Period
 
Recorded Investment on Defaulted TDRs
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
Commercial and business loans
—

 
$
—

 
$
—

 
—

 
$
—

Government program loans
—

 
—

 
—

 
—

 
—

Commercial real estate term loans
—

 
—

 
—

 
—

 
—

Single family residential loans
—

 
—

 
—

 
—

 
—

Home improvement and home equity loans
—

 
—

 
—

 
—

 
—

Real estate construction and development loans
—

 
—

 
—

 
1

 
310

Agricultural loans
—

 
—

 
—

 
—

 
—

Installment and student loans
—

 
—

 
—

 
—

 
—

Overdraft protection lines
—

 
—

 
—

 
—

 
—

Total loans
—

 
$
—

 
$
—

 
1

 
$
310
TDR activity by loan category
The following tables summarize TDR activity by loan category for the quarters ended June 30, 2019 and June 30, 2018 (in 000's).
Three Months Ended June 30, 2019
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Improvement and Home Equity
 
Real Estate Construction Development
 
Agricultural
 
Installment
and Student Loans
 
Total
Beginning balance
$
57

 
$
911

 
$
1,857

 
$
—

 
$
2,804

 
$
711

 
$
—

 
$
6,340

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal (reductions) additions
(19
)
 
(4
)
 
(16
)
 
—

 
(66
)
 
(52
)
 
—

 
(157
)
Charge-offs
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
38

 
$
907

 
$
1,841

 
$
—

 
$
2,738

 
$
659

 
$
—

 
$
6,183

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
—

 
$
347

 
$
32

 
$
—

 
$
—

 
$
451

 
$
—

 
$
830

Defaults
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Three Months Ended June 30, 2018
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Improvement and Home Equity
 
Real Estate Construction Development
 
Agricultural
 
Installment
and Student Loans
 
Total
Beginning balance
$
147

 
$
1,314

 
$
2,525

 
$
—

 
$
4,606

 
$
1,110

 
$
—

 
$
9,702

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal (reductions) additions
(37
)
 
48

 
(305
)
 
—

 
(1,667
)
 
(100
)
 
—

 
(2,061
)
Charge-offs
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
110

 
$
1,362

 
$
2,220

 
$
—

 
$
2,939

 
$
1,010

 
$
—

 
$
7,641

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
—

 
$
511

 
$
80

 
$
—

 
$
—

 
$
706

 
$
—

 
$
1,297

Defaults
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

The following tables summarize TDR activity by loan category for the six months ended June 30, 2019 and June 30, 2018 (in 000's).
Six Months Ended June 30, 2019
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Improvement and Home Equity
 
Real Estate Construction Development
 
Agricultural
 
Installment
and Student Loans
 
Total
Beginning balance
$
75

 
$
1,305

 
$
2,029

 
$
—

 
$
2,838

 
$
812

 
$
—

 
$
7,059

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal reductions
(37
)
 
(393
)
 
(188
)
 
—

 
(100
)
 
(153
)
 
—

 
(871
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
—

 
(5
)
 
—

 
—

 
—

 
—

 
—

 
(5
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
38

 
$
907

 
$
1,841

 
$
—

 
$
2,738

 
$
659

 
$
—

 
$
6,183

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
—

 
$
347

 
$
32

 
$
—

 
$
—

 
$
451

 
$
—

 
$
830

Defaults
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Six Months Ended June 30, 2018
Commercial and Industrial
 
Commercial Real Estate
 
Residential Mortgages
 
Home Improvement and Home Equity
 
Real Estate Construction Development
 
Agricultural
 
Installment
and Student Loans
 
Total
Beginning balance
$
436

 
$
1,233

 
$
2,542

 
$
—

 
$
5,951

 
$
1,200

 
$
—

 
$
11,362

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal additions (reductions)
(263
)
 
129

 
(322
)
 
—

 
(3,012
)
 
(190
)
 
—

 
(3,658
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(63
)
 
—

 
—

 
—

 
—

 
—

 
—

 
(63
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
110

 
$
1,362

 
$
2,220

 
$
—

 
$
2,939

 
$
1,010

 
$
—

 
$
7,641

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
—

 
$
511

 
$
80

 
$
—

 
$
—

 
$
706

 
$
—

 
$
1,297

Defaults
$
—

 
$
—

 
$
—

 
$
—

 
$
(310
)
 
$
—

 
$
—

 
$
(310
)
Credit risk rating for commercial, construction and non-consumer related loans
The following tables summarize the credit risk ratings for commercial, construction, and other non-consumer related loans for June 30, 2019 and December 31, 2018:
 
Commercial and Industrial
 
Commercial Real Estate
 
Real Estate Construction and Development
 
Agricultural
 
Total
June 30, 2019
 
 
 
 
(in 000's)
 
 
 
 
Grades 1 and 2
$
319

 
$
2,850

 
$
—

 
$
—

 
$
3,169

Grade 3
—

 
1,007

 
—

 
—

 
1,007

Grades 4 and 5 – pass
51,187

 
220,041

 
103,049

 
48,458

 
422,735

Grade 6 – special mention
1,507

 
1,701

 
—

 
2,910

 
6,118

Grade 7 – substandard
2,132

 
1,926

 
11,562

 
659

 
16,279

Grade 8 – doubtful
—

 
—

 
—

 
—

 
—

Total
$
55,145

 
$
227,525

 
$
114,611

 
$
52,027

 
$
449,308

 
Commercial and Industrial
 
Commercial Real Estate
 
Real Estate Construction and Development
 
Agricultural
 
Total
December 31, 2018
 
 
 
 
(in 000's)
 
 
 
 
Grades 1 and 2
$
324

 
$
2,881

 
$
—

 
$
80

 
$
3,285

Grade 3
—

 
1,028

 
—

 
—

 
1,028

Grades 4 and 5 – pass
53,843

 
222,970

 
97,132

 
60,256

 
434,201

Grade 6 – special mention
48

 
2,180

 
—

 
—

 
2,228

Grade 7 – substandard
2,763

 
389

 
11,663

 
813

 
15,628

Grade 8 – doubtful
—

 
—

 
—

 
—

 
—

Total
$
56,978

 
$
229,448

 
$
108,795

 
$
61,149

 
$
456,370
Credit risk ratings for consumer related loans and other homogenous loans
The following tables summarize the credit risk ratings for consumer related loans and other homogeneous loans for June 30, 2019 and December 31, 2018:
 
June 30, 2019
 
December 31, 2018
 
Residential Mortgages
 
Home
Improvement and Home Equity
 
Installment and Student Loans
 
Total
 
Residential Mortgages
 
Home
Improvement and Home Equity
 
Installment and Student Loans
 
Total
(in 000's)
 
 
 
 
 
 
 
Not graded
$
40,038

 
$
201

 
$
68,535

 
$
108,774

 
$
49,563

 
$
300

 
$
70,990

 
$
120,853

Pass
13,153

 
20

 
874

 
14,047

 
9,186

 
21

 
780

 
9,987

Special mention
750

 
—

 
341

 
1,091

 
470

 
—

 
—

 
470

Substandard
201

 
—

 
—

 
201

 
212

 
—

 
41

 
253

Doubtful
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
$
54,142

 
$
221

 
$
69,750

 
$
124,113

 
$
59,431

 
$
321

 
$
71,811

 
$
131,563
Allowance for credit loses by loan category
The following summarizes the activity in the allowance for credit losses by loan category for the quarters ended June 30, 2019 and 2018 (in 000's).
Three Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Student Loans
 
 Unallocated
 
Total
June 30, 2019
 
 
 
 
 
 
Beginning balance
$
1,614

 
$
995

 
$
2,188

 
$
969

 
$
1,838

 
$
813

 
$
8,417

Provision (recovery of provision) for credit losses
(167
)
 
(135
)
 
142

 
163

 
136

 
(135
)
 
4

 


 


 


 


 


 


 
 
Charge-offs
—

 
—

 
—

 
—

 
(5
)
 
—

 
(5
)
Recoveries
9

 
4

 
—

 
—

 
23

 
—

 
36

Net charge-offs
9

 
4

 
—

 
—

 
18

 
—

 
31

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,456

 
$
864

 
$
2,330

 
$
1,132

 
$
1,992

 
$
678

 
$
8,452

Period-end amount allocated to:
 

 
 
 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
609

 
379

 
—

 
451

 
—

 
—

 
1,439

Loans collectively evaluated for impairment
847

 
485

 
2,330

0.006

681

 
1,992

 
678

 
7,013

Ending balance
$
1,456

 
$
864

 
$
2,330

 
$
1,132

 
$
1,992

 
$
678

 
$
8,452

Three Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Student Loans
 
 Unallocated
 
Total
June 30, 2018
 
 
 
 
 
 
Beginning balance
$
1,985

 
$
1,204

 
$
2,862

 
$
1,342

 
$
821

 
$
902

 
$
9,116

Provision (recovery of provision) for credit losses
(793
)
 
(7
)
 
(175
)
 
(41
)
 
(55
)
 
(65
)
 
(1,136
)
 


 


 


 


 


 


 
 
Charge-offs
—

 
—

 
—

 
—

 
(7
)
 
—

 
(7
)
Recoveries
355

 
16

 
—

 
—

 
81

 
—

 
452

Net charge-offs
355

 
16

 
—

 
—

 
74

 
—

 
445

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,547

 
$
1,213

 
$
2,687

 
$
1,301

 
$
840

 
$
837

 
$
8,425

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
444

 
590

 
—

 
706

 
—

 
—

 
1,740

Loans collectively evaluated for impairment
1,103

 
623

 
2,687

0.006

595

 
840

 
837

 
6,685

Ending balance
$
1,547

 
$
1,213

 
$
2,687

 
$
1,301

 
$
840

 
$
837

 
$
8,425



The following summarizes the activity in the allowance for credit losses by loan category for the six months ended June 30, 2019 and 2018 (in 000's).
Six Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment and Student Loans
 
 Unallocated
 
Total
June 30, 2019
 
 
 
 
 
 
Beginning balance
$
1,673

 
$
1,015

 
$
2,424

 
$
1,131

 
$
1,559

 
$
593

 
$
8,395

Provision (recovery of provision) for credit losses
(274
)
 
(154
)
 
(94
)
 
1

 
446

 
85

 
10

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
—

 
(5
)
 
—

 
—

 
(114
)
 
—

 
(119
)
Recoveries
57

 
8

 
—

 
—

 
101

 
—

 
166

Net recoveries (charge-offs)
57

 
3

 
—

 
—

 
(13
)
 
—

 
47

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,456

 
$
864

 
$
2,330

 
$
1,132

 
$
1,992

 
$
678

 
$
8,452

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
609

 
379

 
—

 
451

 
—

 
—

 
1,439

Loans collectively evaluated for impairment
847

 
485

 
2,330

 
681

 
1,992

 
678

 
7,013

Ending balance
$
1,456

 
$
864

 
$
2,330

 
$
1,132

 
$
1,992

 
$
678

 
$
8,452

Six Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment and Student Loans
 
 Unallocated
 
Total
June 30, 2018
 
 
 
 
 
 
Beginning balance
$
1,408

 
$
1,182

 
$
2,903

 
$
1,631

 
$
887

 
$
1,256

 
$
9,267

Provision (recovery of provision) for credit losses
(181
)
 
11

 
(216
)
 
(330
)
 
(190
)
 
(419
)
 
(1,325
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(88
)
 
—

 
—

 
—

 
(11
)
 
—

 
(99
)
Recoveries
408

 
20

 
—

 
—

 
154

 
—

 
582

Net (charge-offs) recoveries
320

 
20

 
—

 
—

 
143

 
—

 
483

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,547

 
$
1,213

 
$
2,687

 
$
1,301

 
$
840

 
$
837

 
$
8,425

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
444

 
590

 
—

 
706

 
—

 
—

 
1,740

Loans collectively evaluated for impairment
1,103

 
623

 
2,687

 
595

 
840

 
837

 
6,685

Ending balance
$
1,547

 
$
1,213

 
$
2,687

 
$
1,301

 
$
840

 
$
837

 
$
8,425
Summarized loan balances
The following summarizes information with respect to the loan balances at June 30, 2019 and 2018.
 
June 30, 2019
 
June 30, 2018
 
Loans
Individually
Evaluated for Impairment
 
Loans
Collectively
Evaluated for Impairment
 
Total Loans
 
Loans
Individually
Evaluated for Impairment
 
Loans
Collectively
Evaluated for Impairment
 
Total Loans
(in 000's)
 
 
 
 
 
Commercial and business loans
$
1,878

 
$
52,456

 
$
54,334

 
$
2,949

 
$
54,098

 
$
57,047

Government program loans
275

 
536

 
811

 
309

 
599

 
908

Total commercial and industrial
2,153

 
52,992

 
55,145

 
3,258

 
54,697

 
57,955

 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate loans
1,824

 
225,701

 
227,525

 
1,367

 
211,146

 
212,513

Residential mortgage loans
1,848

 
52,294

 
54,142

 
2,228

 
68,284

 
70,512

Home improvement and home equity loans
—

 
221

 
221

 
—

 
386

 
386

Total real estate mortgage
3,672

 
278,216

 
281,888

 
3,595

 
279,816

 
283,411

 
 
 
 
 
 
 
 
 
 
 
 
Real estate construction and development loans
11,562

 
103,049

 
114,611

 
11,764

 
96,807

 
108,571

 
 
 
 
 
 
 
 
 
 
 
 
Agricultural loans
667

 
51,360

 
52,027

 
1,017

 
55,645

 
56,662

 
 
 
 
 
 
 
 
 
 
 
 
Installment and student loans
—

 
69,750

 
69,750

 
62

 
67,335

 
67,397

 
 
 
 
 
 
 
 
 
 
 
 
Total loans
$
18,054

 
$
555,367

 
$
573,421

 
$
19,696

 
$
554,300

 
$
573,996