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

Commercial and industrial:
 
 
 
Commercial and business loans
$
47,355

 
$
55,929

Government program loans
782

 
1,049

Total commercial and industrial
48,137

 
56,978

Real estate mortgage:
 

 
 

Commercial real estate
224,713

 
229,448

Residential mortgages
51,062

 
59,431

Home improvement and home equity loans
184

 
321

Total real estate mortgage
275,959

 
289,200

Real estate construction and development
116,443

 
108,795

Agricultural
60,100

 
61,149

Installment and student loans
69,489

 
71,811

Total loans
$
570,128

 
$
587,933
Delinquent loans
The following is a summary of delinquent loans at September 30, 2019 (in 000's):
September 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

 
$
47,280

 
$
47,355

 
$
—

Government program loans
—

 
—

 
—

 
—

 
782

 
782

 
—

Total commercial and industrial
—

 
—

 
75

 
75

 
48,062

 
48,137

 
—

Commercial real estate loans
—

 
—

 
1,008

 
1,008

 
223,705

 
224,713

 
—

Residential mortgages
—

 
—

 
—

 
—

 
51,062

 
51,062

 
—

Home improvement and home equity loans
—

 
—

 
—

 
—

 
184

 
184

 
—

Total real estate mortgage
—

 
—

 
1,008

 
1,008

 
274,951

 
275,959

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate construction and development loans
—

 
—

 
8,825

 
8,825

 
107,618

 
116,443

 
—

Agricultural loans
455

 
—

 
144

 
599

 
59,501

 
60,100

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Installment and student loans
1,225

 
317

 
326

 
1,868

 
67,480

 
69,348

 
326

Overdraft protection lines
—

 
—

 
—

 
—

 
38

 
38

 
—

Overdrafts
—

 
—

 
—

 
—

 
103

 
103

 
—

Total installment and student loans
1,225

 
317

 
326

 
1,868

 
67,621

 
69,489

 
326

Total loans
$
1,680

 
$
317

 
$
10,378

 
$
12,375

 
$
557,753

 
$
570,128

 
$
326


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 September 30, 2019 and December 31, 2018 (in 000's, except for number of borrowers):
 
September 30, 2019
 
December 31, 2018
 
Number of Borrowers
 
Amount
 
Number of Borrowers
 
Amount
Current or less than 31 days
200

 
$
19,533

 
248

 
$
22,534

31 - 60 days
10

 
1,225

 
2

 
130

61 - 90 days
4

 
317

 
4

 
140

91 - 120 days
3

 
299

 
1

 
58

121-180 days
1

 
27

 
—

 
—

Total
218

 
$
21,401

 
255

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

 
$
—

Government program loans
—

 
—

Total commercial and industrial
75

 
—

 
 
 
 
Commercial real estate loans
1,008

 
389

Residential mortgages
—

 
—

Home improvement and home equity loans
—

 
—

Total real estate mortgage
1,008

 
389

 
 
 
 
Real estate construction and development loans
11,529

 
11,663

Agricultural loans
144

 
—

Installment and student loans
—

 
—

 
 
 
 
Total nonaccrual loans
$
12,756

 
$
12,052
Impaired loans
The following is a summary of impaired loans at September 30, 2019 (in 000's).
September 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
$
1,646

 
$
398

 
$
1,254

 
$
1,652

 
$
525

 
$
2,039

 
$
93

Government program loans
264

 
266

 
—

 
266

 
—

 
279

 
14

Total commercial and industrial
1,910

 
664

 
1,254

 
1,918

 
525

 
2,318

 
107

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate loans
3,096

 
2,199

 
906

 
3,105

 
346

 
2,018

 
93

Residential mortgages
1,071

 
524

 
550

 
1,074

 
15

 
1,705

 
42

Home improvement and home equity loans
—

 
—

 
—

 
—

 
—

 
—

 
—

Total real estate mortgage
4,167

 
2,723

 
1,456

 
4,179

 
361

 
3,723

 
135

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate construction and development loans
11,529

 
11,529

 
—

 
11,529

 
—

 
11,596

 
167

Agricultural loans
727

 
273

 
463

 
736

 
256

 
735

 
45

Installment and student loans
—

 
—

 
—

 
—

 
—

 
18

 
—

 


 


 


 


 


 


 


Total impaired loans
$
18,333

 
$
15,189

 
$
3,173

 
$
18,362

 
$
1,142

 
$
18,390

 
$
454


(1) The recorded investment in loans includes accrued interest receivable of $29.
(2) Information is based on the nine months ended ended September 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
The following tables illustrates TDR additions and defaults for the periods indicated:
 
Three Months Ended September 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
—

 
—

 
—

 
1

 
393

Single family residential loans
—

 
—

 
—

 
—

 
—

Home improvement and home equity loans
—

 
—

 
—

 
—

 
—

Real estate construction and development loans
—

 
—

 
—

 
—

 
—

Agricultural loans
—

 
—

 
—

 
—

 
—

Installment and student loans
—

 
—

 
—

 
—

 
—

Overdraft protection lines
—

 
—

 
—

 
—

 
—

Total loans
—

 
$
—

 
$
—

 
1

 
$
393



 
Nine Months Ended September 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
—

 
—

 
—

 
1

 
393

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
—

 
$
—

 
$
—

 
2

 
$
703
TDR activity by loan category
The following tables summarize TDR activity by loan category for the quarters ended September 30, 2019 and September 30, 2018 (in 000's).
Three Months Ended September 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
$
38

 
$
907

 
$
1,842

 
$
—

 
$
2,738

 
$
658

 
$
—

 
$
6,183

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal (reductions) additions
(18
)
 
(5
)
 
(771
)
 
—

 
(33
)
 
(30
)
 
—

 
(857
)
Charge-offs
—

 
—

 
—

 
—

 
—

 
(30
)
 
—

 
(30
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
20

 
$
902

 
$
1,071

 
$
—

 
$
2,705

 
$
598

 
$
—

 
$
5,296

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
—

 
$
346

 
$
15

 
$
—

 
$
—

 
$
256

 
$
—

 
$
617

Defaults
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Three Months Ended September 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
$
110

 
$
1,362

 
$
2,219

 
$
—

 
$
2,939

 
$
1,010

 
$
—

 
$
7,640

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal (reductions) additions
(17
)
 
(6
)
 
(16
)
 
—

 
(51
)
 
(102
)
 
—

 
(192
)
Charge-offs
—

 
(46
)
 
—

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
93

 
$
1,310

 
$
2,203

 
$
—

 
$
2,888

 
$
908

 
$
—

 
$
7,402

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
—

 
$
396

 
$
68

 
$
—

 
$
—

 
$
620

 
$
—

 
$
1,084

Defaults
$
—

 
$
(393
)
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
(393
)
The following tables summarize TDR activity by loan category for the nine months ended September 30, 2019 and September 30, 2018 (in 000's).
Nine Months Ended September 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
(55
)
 
(403
)
 
(958
)
 
—

 
(133
)
 
(184
)
 
—

 
(1,733
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
—

 
—

 
—

 
—

 
—

 
(30
)
 
—

 
(30
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
20

 
$
902

 
$
1,071

 
$
—

 
$
2,705

 
$
598

 
$
—

 
$
5,296

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
—

 
$
346

 
$
15

 
$
—

 
$
—

 
$
256

 
$
—

 
$
617

Defaults
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Nine Months Ended September 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)
(280
)
 
123

 
(339
)
 
—

 
(3,063
)
 
(292
)
 
—

 
(3,851
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(63
)
 
(46
)
 
—

 
—

 
—

 
—

 
—

 
(109
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
93

 
$
1,310

 
$
2,203

 
$
—

 
$
2,888

 
$
908

 
$
—

 
$
7,402

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan loss
$
—

 
$
396

 
$
68

 
$
—

 
$
—

 
$
620

 
$
—

 
$
1,084

Defaults
$
—

 
$
(393
)
 
$
—

 
$
—

 
$
(310
)
 
$
—

 
$
—

 
$
(703
)
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 September 30, 2019 and December 31, 2018:
 
Commercial and Industrial
 
Commercial Real Estate
 
Real Estate Construction and Development
 
Agricultural
 
Total
September 30, 2019
 
 
 
 
(in 000's)
 
 
 
 
Grades 1 and 2
$
310

 
$
2,825

 
$
—

 
$
—

 
$
3,135

Grade 3
—

 
989

 
—

 
—

 
989

Grades 4 and 5 – pass
44,276

 
217,044

 
104,914

 
58,036

 
424,270

Grade 6 – special mention
1,051

 
1,661

 
—

 
1,337

 
4,049

Grade 7 – substandard
2,500

 
2,194

 
11,529

 
727

 
16,950

Grade 8 – doubtful
—

 
—

 
—

 
—

 
—

Total
$
48,137

 
$
224,713

 
$
116,443

 
$
60,100

 
$
449,393

 
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 September 30, 2019 and December 31, 2018:
 
September 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
$
37,800

 
$
165

 
$
68,379

 
$
106,344

 
$
49,563

 
$
300

 
$
70,990

 
$
120,853

Pass
12,486

 
19

 
784

 
13,289

 
9,186

 
21

 
780

 
9,987

Special mention
579

 
—

 
326

 
905

 
470

 
—

 
—

 
470

Substandard
197

 
—

 
—

 
197

 
212

 
—

 
41

 
253

Doubtful
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
$
51,062

 
$
184

 
$
69,489

 
$
120,735

 
$
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 September 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
September 30, 2019
 
 
 
 
 
 
Beginning balance
$
1,457

 
$
864

 
$
2,330

 
$
1,132

 
$
1,991

 
$
678

 
$
8,452

Provision (recovery of provision) for credit losses
(168
)
 
(109
)
 
(3
)
 
(227
)
 
388

 
124

 
5

 


 


 


 


 


 


 
 
Charge-offs
—

 
—

 
—

 
(36
)
 
(263
)
 
—

 
(299
)
Recoveries
7

 
52

 
—

 
—

 
13

 
—

 
72

Net charge-offs
7

 
52

 
—

 
(36
)
 
(250
)
 
—

 
(227
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,296

 
$
807

 
$
2,327

 
$
869

 
$
2,129

 
$
802

 
$
8,230

Period-end amount allocated to:
 

 
 
 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
525

 
361

 
—

 
256

 
—

 
—

 
1,142

Loans collectively evaluated for impairment
771

 
446

 
2,327

0.006

613

 
2,129

 
802

 
7,088

Ending balance
$
1,296

 
$
807

 
$
2,327

 
$
869

 
$
2,129

 
$
802

 
$
8,230

Three Months Ended
Commercial and Industrial
 
Real Estate Mortgage
 
Real Estate Construction Development
 
 Agricultural
 
Installment & Student Loans
 
 Unallocated
 
Total
September 30, 2018
 
 
 
 
 
 
Beginning balance
$
1,547

 
$
1,213

 
$
2,687

 
$
1,301

 
$
840

 
$
837

 
$
8,425

Provision (recovery of provision) for credit losses
(734
)
 
(81
)
 
(215
)
 
(69
)
 
687

 
39

 
(373
)
 


 


 


 


 


 


 
 
Charge-offs
—

 
(47
)
 
—

 
—

 
(5
)
 
—

 
(52
)
Recoveries
678

 
4

 
—

 
—

 
116

 
—

 
798

Net charge-offs
678

 
(43
)
 
—

 
—

 
111

 
—

 
746

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,491

 
$
1,089

 
$
2,472

 
$
1,232

 
$
1,638

 
$
876

 
$
8,798

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
633

 
464

 
—

 
620

 
—

 
—

 
1,717

Loans collectively evaluated for impairment
858

 
625

 
2,472

 
612

 
1,638

 
876

 
7,081

Ending balance
$
1,491

 
$
1,089

 
$
2,472

 
$
1,232

 
$
1,638

 
$
876

 
$
8,798


















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

 
$
1,015

 
$
2,424

 
$
1,131

 
$
1,559

 
$
593

 
$
8,395

Provision (recovery of provision) for credit losses
(441
)
 
(263
)
 
(97
)
 
(226
)
 
833

 
209

 
15

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
—

 
(5
)
 
—

 
(36
)
 
(377
)
 
—

 
(418
)
Recoveries
64

 
60

 
—

 
—

 
114

 
—

 
238

Net recoveries (charge-offs)
64

 
55

 
—

 
(36
)
 
(263
)
 
—

 
(180
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,296

 
$
807

 
$
2,327

 
$
869

 
$
2,129

 
$
802

 
$
8,230

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
525

 
361

 
—

 
256

 
—

 
—

 
1,142

Loans collectively evaluated for impairment
771

 
446

 
2,327

 
613

 
2,129

 
802

 
7,088

Ending balance
$
1,296

 
$
807

 
$
2,327

 
$
869

 
$
2,129

 
$
802

 
$
8,230

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

 
$
1,182

 
$
2,903

 
$
1,631

 
$
887

 
$
1,256

 
$
9,267

Provision (recovery of provision) for credit losses
(915
)
 
(70
)
 
(431
)
 
(399
)
 
496

 
(380
)
 
(1,699
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Charge-offs
(88
)
 
(47
)
 
—

 
—

 
(16
)
 
—

 
(151
)
Recoveries
1,086

 
24

 
—

 
—

 
271

 
—

 
1,381

Net (charge-offs) recoveries
998

 
(23
)
 
—

 
—

 
255

 
—

 
1,230

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
$
1,491

 
$
1,089

 
$
2,472

 
$
1,232

 
$
1,638

 
$
876

 
$
8,798

Period-end amount allocated to:
 

 
 

 
 

 
 

 
 

 
 

 
 

Loans individually evaluated for impairment
633

 
464

 
—

 
620

 
—

 
—

 
1,717

Loans collectively evaluated for impairment
858

 
625

 
2,472

 
612

 
1,638

 
876

 
7,081

Ending balance
$
1,491

 
$
1,089

 
$
2,472

 
$
1,232

 
$
1,638

 
$
876

 
$
8,798
Summarized loan balances
The following summarizes information with respect to the loan balances at September 30, 2019 and 2018.
 
September 30, 2019
 
September 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
$
1,652

 
$
45,703

 
$
47,355

 
$
2,738

 
$
51,901

 
$
54,639

Government program loans
266

 
516

 
782

 
301

 
583

 
884

Total commercial and industrial
1,918

 
46,219

 
48,137

 
3,039

 
52,484

 
55,523

 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate loans
3,105

 
221,608

 
224,713

 
1,314

 
211,325

 
212,639

Residential mortgage loans
1,074

 
49,988

 
51,062

 
2,210

 
66,053

 
68,263

Home improvement and home equity loans
—

 
184

 
184

 
—

 
333

 
333

Total real estate mortgage
4,179

 
271,780

 
275,959

 
3,524

 
277,711

 
281,235

 
 
 
 
 
 
 
 
 
 
 
 
Real estate construction and development loans
11,529

 
104,914

 
116,443

 
11,713

 
97,441

 
109,154

 
 
 
 
 
 
 
 
 
 
 
 
Agricultural loans
736

 
59,364

 
60,100

 
914

 
58,741

 
59,655

 
 
 
 
 
 
 
 
 
 
 
 
Installment and student loans
—

 
69,489

 
69,489

 
52

 
71,496

 
71,548

 
 
 
 
 
 
 
 
 
 
 
 
Total loans
$
18,362

 
$
551,766

 
$
570,128

 
$
19,242

 
$
557,873

 
$
577,115