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Loans and Credit Quality (Tables)
12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Loan Portfolio Segmented By Risk Class
The composition of the loan portfolio as of the periods indicated is as follows:
(In Thousands)
Commercial
 
Real estate construction one-to-four family
 
Real estate construction other
 
Real estate term owner occupied
 
Real estate term non-owner occupied
 
Real estate term other
 
Consumer secured by 1st deeds of trust
 
Consumer other
 
Total
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
AQR Pass

$257,639



$26,061



$72,159



$135,359



$355,903



$44,733



$22,568



$25,151



$939,573

AQR Special Mention
1,950


—


—


57


—


—


501


78


2,586

AQR Substandard
18,589


—


—


16,762


698


669


520


52


37,290

Subtotal

$278,178



$26,061



$72,159



$152,178



$356,601



$45,402



$23,589



$25,281



$979,449

Less: Unearned origination fees, net of origination costs
 
 
 
 
 
(4,434
)
        Total loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

$975,015

December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
AQR Pass

$257,293



$44,488



$74,956



$127,226



$347,157



$45,884



$26,015



$28,882



$951,901

AQR Special Mention
536


—


—


—


—


91


171


10


808

AQR Substandard
14,612


—


—


16,515


359


697


487


20


32,690

Subtotal

$272,441



$44,488



$74,956



$143,741



$347,516



$46,672



$26,673



$28,912



$985,399

Less: Unearned origination fees, net of origination costs
 
 
 
 
 
(4,612
)
        Total loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

$980,787

Nonaccrual Loans By Segment
Nonaccrual loans at the periods indicated, by segment are presented below:
(In  Thousands)
30-59 Days
Past Due
 
60-89 Days
Past Due
 
Greater Than
90 Days Past Due
 
Current
 
Total
December 31, 2016
 
 
 
 
 
 
 
 
 
Commercial

$8,750

 

$—

 

$4,208

 

$542

 

$13,500

Real estate term owner occupied
—

 
—

 
—

 
29

 
29

Real estate term non-owner occupied
—

 
—

 
—

 
197

 
197

Consumer secured by 1st deeds of trust
—

 
—

 
167

 
—

 
167

    Total nonaccrual loans
8,750

 
—

 
4,375

 
768

 
13,893

Government guarantees on nonaccrual loans
—

 
—

 
(1,413
)
 
—

 
(1,413
)
Net nonaccrual loans

$8,750

 

$—

 

$2,962

 

$768

 

$12,480

December 31, 2015
 
 
 
 
 
 
 
 
 
Commercial

$—

 

$82

 

$290

 

$2,641

 

$3,013

Real estate term owner occupied
—

 
—

 
—

 
38

 
38

Real estate term non-owner occupied
—

 
—

 
108

 
251

 
359

Consumer secured by 1st deeds of trust
—

 
—

 
—

 
256

 
256

Consumer other
—

 
—

 
20

 
—

 
20

    Total nonaccrual loans
—

 
82

 
418

 
3,186

 
3,686

Government guarantees on nonaccrual loans
—

 
—

 
—

 
(1,561
)
 
(1,561
)
Net nonaccrual loans

$—

 

$82

 

$418

 

$1,625

 

$2,125

Past Due Loans And Nonaccrual Loans
Past due loans and nonaccrual loans at the periods indicated are presented below by loan class:
(In Thousands)
30-59 Days
Past Due
Still
Accruing

60-89 Days
Past Due
Still
Accruing

Greater Than
90 Days
Still
Accruing

Total Past
Due

Nonaccrual

Current

Total
December 31, 2016
 

 

 

 

 

 

 
Commercial

$—



$141



$404



$545



$13,500



$264,133



$278,178

Real estate construction one-to-four family
—


—


—


—


—


26,061


26,061

Real estate construction other
—


—


—


—


—


72,159


72,159

Real estate term owner occupied
887


—


—


887


29


151,262


152,178

Real estate term non-owner occupied
—


—


—


—


197


356,404


356,601

Real estate term other
—


—


—


—


—


45,402


45,402

Consumer secured by 1st deed of trust
390


518


—


908


167


22,514


23,589

Consumer other
171


80


52


303


—


24,978


25,281

Subtotal

$1,448



$739



$456



$2,643



$13,893



$962,913



$979,449

Less: Unearned origination fees,  net of origination costs

 


 


(4,434
)
     Total
 


 


 


 


 


 



$975,015

December 31, 2015
 

 

 

 

 

 

 
Commercial

$242



$21



$—



$263



$3,013



$269,165



$272,441

Real estate construction one-to-four family
—


—


—


—


—


44,488


44,488

Real estate construction other
—


—


—


—


—


74,956


74,956

Real estate term owner occupied
—


—


—


—


38


143,703


143,741

Real estate term non-owner occupied
—


—


—


—


359


347,157


347,516

Real estate term other
289


—


—


289


—


46,383


46,672

Consumer secured by 1st deed of trust
568


—


—


568


256


25,849


26,673

Consumer other
30


—


—


30


20


28,862


28,912

Subtotal

$1,129



$21



$—



$1,150



$3,686



$980,563



$985,399

Less: Unearned origination fees,  net of origination costs

 


 


(4,612
)
     Total
 


 


 


 


 


 



$980,787

Impaired Loans
The following table presents information about impaired loans by class for the years ended December 31, 2016 and 2015:
(In Thousands)
Recorded Investment

Unpaid Principal Balance

Related Allowance
December 31, 2016
 

 

 
With no related allowance recorded
 

 

 
Commercial - AQR special mention

$223



$223



$—

Commercial - AQR substandard
9,213


9,893


—

Real estate construction other - AQR substandard
—


—


—

Real estate term owner occupied - AQR pass
252


252


—

Real estate term owner occupied - AQR substandard
16,694


16,694


—

Real estate term non-owner occupied - AQR pass
391


391


—

Real estate term non-owner occupied - AQR substandard
693


693


—

Real estate term other - AQR pass
633


633


—

Real estate term other - AQR substandard
669


669


—

Consumer secured by 1st deeds of trust - AQR special mention
143


143


—

Consumer secured by 1st deeds of trust - AQR substandard
472


488


—

Consumer other - AQR substandard
52


52


—

          Subtotal

$29,435



$30,131



$—

With an allowance recorded
 

 

 
Commercial - AQR substandard

$9,221



$9,221



$614

  Subtotal

$9,221



$9,221



$614

Commercial - AQR special mention

$223



$223



$—

Commercial - AQR substandard
18,434


19,114


614

Real estate construction other - AQR substandard
—


—


—

Real estate term owner-occupied - AQR pass
252


252


—

Real estate term owner-occupied - AQR substandard
16,694


16,694


—

Real estate term non-owner occupied - AQR pass
391


391


—

Real estate term non-owner occupied - AQR substandard
693


693


—

Real estate term other - AQR pass
633


633


—

Real estate term other - AQR substandard
669


669


—

Consumer secured by 1st deeds of trust - AQR special mention
143


143


—

Consumer secured by 1st deeds of trust - AQR substandard
472


488


—

Consumer other - AQR substandard
52


52


—

  Total

$38,656



$39,352



$614

(In Thousands)
Recorded Investment
 
Unpaid Principal Balance
 
Related Allowance
December 31, 2015
 

 

 
With no related allowance recorded
 

 

 
Commercial - AQR special mention

$157



$157



$—

Commercial - AQR substandard
13,333


13,746


—

Real estate term owner occupied - AQR pass
753


753


—

Real estate term owner occupied - AQR substandard
16,476


16,476


—

Real estate term non-owner occupied - AQR pass
473


473


—

Real estate term non-owner occupied - AQR substandard
352


352


—

Real estate term other - AQR pass
699


699


—

Real estate term other - AQR special mention
91


91


—

Real estate term other - AQR substandard
697


697


—

Consumer secured by 1st deeds of trust - AQR pass
76


76


—

Consumer secured by 1st deeds of trust - AQR substandard
472


472


—

  Subtotal

$33,579



$33,992



$—

With an allowance recorded
 

 

 
Commercial - AQR substandard

$1,061



$1,061



$344

         Subtotal

$1,061



$1,061



$344

Commercial - AQR special mention

$157



$157



$—

Commercial - AQR substandard
14,394


14,807


344

Real estate term owner-occupied - AQR pass
753


753


—

Real estate term owner-occupied - AQR substandard
16,476


16,476


—

Real estate term non-owner occupied - AQR pass
473


473


—

Real estate term non-owner occupied - AQR substandard
352


352


—

Real estate term other - AQR pass
699


699


—

Real estate term other - AQR special mention
91


91


—

Real estate term other - AQR substandard
697


697


—

Consumer secured by 1st deeds of trust - AQR pass
76


76


—

Consumer secured by 1st deeds of trust - AQR substandard
472


472


—

  Total

$34,640



$35,053



$344



The unpaid principal balance included in the table above represents the recorded investment at the dates indicated, plus amounts charged off for book purposes. 
The following table summarizes our average recorded investment and interest income recognized on impaired loans for years ended December 31, 2016 and 2015, respectively:
Year Ended December 31,
2016
 
2015
(In Thousands)
Average Recorded Investment
Interest Income Recognized
Average Recorded Investment
Interest Income Recognized
With no related allowance recorded

 

 

 

     Commercial - AQR special mention

$170

 

$13

 

$163

 

$13

     Commercial - AQR substandard
15,522

 
840

 
9,996

 
378

     Real estate construction one-to-four family - AQR substandard
988


—


—


—

     Real estate construction other - AQR pass
—

 
—

 
557

 
72

     Real estate construction other - AQR substandard
1,431


—


1,431


—

     Real estate term owner occupied - AQR pass
378

 
34

 
696

 
63

     Real estate term owner occupied - AQR special mention
—

 
—

 
67

 
5

     Real estate term owner occupied - AQR substandard
16,551

 
1,202

 
6,941

 
355

     Real estate term non-owner occupied - AQR pass
442

 
91

 
521

 
75

     Real estate term non-owner occupied - AQR special mention
—

 
—

 
1,080

 
97

     Real estate term non-owner occupied - AQR substandard
599

 
28

 
1,141

 
—

     Real estate term other - AQR pass
627


58


179


13

     Real estate term other - AQR special mention
43


4


68


6

     Real estate term other - AQR substandard
683

 
55

 
816

 
50

     Consumer secured by 1st deeds of trust - AQR pass
38

 
2

 
79

 
4

     Consumer secured by 1st deeds of trust - AQR special mention
36

 
3

 
—

 
—

     Consumer secured by 1st deeds of trust - AQR substandard
568

 
24

 
514

 
9

     Consumer other - AQR substandard
13

 
—

 
—

 
—

         Subtotal

$38,089

 

$2,354

 

$24,249

 

$1,140

With an allowance recorded

 

 

 

     Commercial - AQR substandard

$2,451

 

$—

 

$1,668

 

$—

     Real estate construction one-to-four family - AQR substandard
1,986

 
—

 
—

 
—

     Real estate term other - AQR substandard
—


—


70


—

     Consumer secured by 1st deeds of trust - AQR substandard
73

 
—

 
—

 
—

     Consumer other - AQR substandard
—

 
—

 
10

 
—

         Subtotal

$4,510

 

$—

 

$1,748

 

$—

Total
 
 
 
 
 

     Commercial - AQR special mention

$170

 

$13

 

$163


$13

     Commercial - AQR substandard
17,973

 
840

 
11,664

378

     Real estate construction one-to-four family - AQR substandard
2,974

 
—

 
—

—

     Real estate construction other - AQR pass
—

 
—

 
557

72

     Real estate construction other - AQR substandard
1,431


—


1,431

—

     Real estate term owner-occupied - AQR pass
378

 
34

 
696

63

     Real estate term owner-occupied - AQR special mention
—

 
—

 
67

5

     Real estate term owner-occupied - AQR substandard
16,551

 
1,202

 
6,941

355

     Real estate term non-owner occupied - AQR pass
442

 
91

 
521

75

     Real estate term non-owner occupied - AQR special mention
—

 
—

 
1,080

97

     Real estate term non-owner occupied - AQR substandard
599

 
28

 
1,141

—

     Real estate term other - AQR pass
627


58


179

13

     Real estate term other - AQR special mention
43


4


68

6

     Real estate term other - AQR substandard
683

 
55

 
886

50

     Consumer secured by 1st deeds of trust - AQR pass
38

 
2

 
79

4

     Consumer secured by 1st deeds of trust - AQR special mention
36

 
3

 
—

—

     Consumer secured by 1st deeds of trust - AQR substandard
641

 
24

 
514

9

     Consumer other - AQR substandard
13

 
—

 
10

—

         Total Impaired Loans

$42,599

 

$2,354

 

$25,997


$1,140

Newly Restructured Loans
The following table identifies the portion of TDR balances as of December 31, 2016 that were restructured during 2016:
 
Accrual Status

Nonaccrual Status

Total Modifications
(In Thousands)


New Troubled Debt Restructurings
 

 

 
Commercial - AQR substandard

$4,234



$134



$4,368

Subtotal

$4,234



$134



$4,368

Existing Troubled Debt Restructurings
1,897


9,954


11,851

Total

$6,131



$10,088



$16,219

Newly Restructured Loans By Concession
The following table provides additional information about loans that were restructured in 2016:
(In Thousands)
Number of Contracts

Rate Modification

Term Modification

Payment Modification

Combination Modification

Total Modifications
Pre-Modification Outstanding Recorded Investment:

 
Commercial - AQR substandard
2


$—



$135



$4,234



$—



$4,369

Total
2


$—



$135



$4,234



$—



$4,369

Post-Modification Outstanding Recorded Investment:
 
 
Commercial - AQR substandard
2


$—



$134



$4,233



$—



$4,367

Total
2


$—



$134



$4,233



$—



$4,367

Analysis Of Loan Transactions
Certain directors, and companies of which directors are principal owners, have loans and other transactions such as architectural fees with the Company.  Such transactions are made on substantially the same terms, including interest rates and collateral required, as those prevailing for similar transactions of unrelated parties.  An analysis of the loan transactions for the years indicated follows:
(In Thousands)
2016

2015
Balance, beginning of the year

$117



$2,262

Loans made
—


—

Repayments
27


2,145

Balance, end of year

$90



$117