6. LOANS (Tables)

12 Months Ended

Dec. 31, 2016

Receivables [Abstract]

Summary of Loans Receivable Outstanding

(Dollars are in thousands)		2016		2015
Real estate secured:
Commercial	$	103,331	$	98,569
Construction and land development		25,755		14,672
Residential 1-4 family		249,700		242,916
Multifamily		12,582		12,954
Farmland		24,948		22,174
Total real estate loans		416,316		391,285
Commercial		26,955		21,469
Agriculture		3,164		3,793
Consumer installment loans		22,188		24,568
All other loans	6		54
Total loans	$	468,629	$	441,169

Summary of Loans Receivable on Nonaccrual Status

(Dollars are in thousands)		2016		2015
Real estate secured:
Commercial	$	3,403	$	4,358
Construction and land development		319		436
Residential 1-4 family		8,355		8,338
Multifamily		166		430
Farmland		1,003		1,170
Total real estate loans		13,246		14,732
Commercial		-		65
Agriculture		83		9
Consumer installment loans	76		41
Total loans receivable on nonaccrual status	$	13,405	$	14,847

Summary of Impaired Loans

As of December 31, 2016 (Dollars are in thousands)		Average Recorded Investment		Interest Income Recognized		Recorded Investment		Unpaid Principal Balance		Related Allowance
With no related allowance recorded:
Real estate secured:
Commercial	$	4,104	$	147	$	3,636	$	4,055	$	-
Construction and land development		72		1		5		5		-
Residential 1-4 family		3,745		192		3,861		4,182		-
Multifamily		290		21		301		342		-
Farmland		4,148		184		3,895		4,601		-
Commercial		-		-		-		-		-
Agriculture		27		2		19		19		-
Consumer installment loans		25		1		26		43		-
All other loans		-		-		-		-		-
With an allowance recorded:
Real estate secured:
Commercial		1,469		8		1,191		1,270		65
Construction and land development		265		-		240		469		106
Residential 1-4 family		862		22		555		565		56
Multifamily		80		-		-		-		-
Farmland		575		27		591		602		299
Commercial		70		3		67		67		18
Agriculture		86		1		5		5		5
Consumer installment loans		26		1		9		9		3
All other loans		-		-		-		-		-
Total	$	15,844	$	610	$	14,401	$	16,234	$	552

As of December 31, 2015 (Dollars are in thousands)		Average Recorded Investment		Interest Income Recognized		Recorded Investment		Unpaid Principal Balance		Related Allowance
With no related allowance recorded:
Real estate secured:
Commercial	$	4,534	$	163	$	4,212	$	5,173	$	-
Construction and land development		12		1		10		10		-
Residential 1-4 family		3,506		161		3,037		3,150		-
Multifamily		520		9		430		471		-
Farmland		5,073		213		3,983		4,620		-
Commercial		267		-		-		-		-
Agriculture		42		4		36		36		-
Consumer installment loans		31		1		11		11		-
All other loans		-		-		-		-		-
With an allowance recorded:
Real estate secured:
Commercial		2,935		37		2,503		2,849		288
Construction and land development		373		-		289		499		155
Residential 1-4 family		2,219		99		1,920		2,121		168
Multifamily		23		-		-		-		-
Farmland		906		38		761		778		328
Commercial		80		3		69		69		24
Agriculture		24		2		18		18		18
Consumer installment loans		19		4		45		45		2
All other loans		-		-		-		-		-
Total	$	20,564	$	735	$	17,324	$	19,850	$	983

Summary of Age Analysis of Past Due Loans Receivable

As of December 31, 2016 (Dollars are in thousands)		Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Past Due Loans		Current Loans		Total Loans
Real estate secured:
Commercial	$	1,676	$	307	$	1,083	$	3,066	$	100,265	$	103,331
Construction and land development		103		17		44		164		25,591		25,755
Residential 1-4 family		4,237		1,547		2,233		8,017		241,683		249,700
Multifamily		1,367		-		-		1,367		11,215		12,582
Farmland		2,987		-		-		2,987		21,961		24,948
Total real estate loans		10,370		1,871		3,360		15,601		400,715		416,316
Commercial		20		-		-		20		26,935		26,955
Agriculture		19		-		78		97		3,067		3,164
Consumer installment Loans		110		15		36		161		22,027		22,188
All other loans		-		-		-		-		6		6
Total loans	$	10,519	$	1,886	$	3,474	$	15,879	$	452,750	$	468,629

As of December 31, 2015 (Dollars are in thousands)		Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Past Due Loans		Current Loans		Total Loans
Real estate secured:
Commercial	$	311	$	105	$	2,534	$	2,950	$	95,619	$	98,569
Construction and land development		144		-		17		161		14,511		14,672
Residential 1-4 family		4,694		1,487		2,891		9,072		233,844		242,916
Multifamily		47		-		320		367		12,587		12,954
Farmland		363		-		251		614		21,560		22,174
Total real estate loans		5,559		1,592		6,013		13,164		378,121		391,285
Commercial		18		1		64		83		21,386		21,469
Agriculture		-		-		-		-		3,793		3,793
Consumer installment Loans		113		1		27		141		24,427		24,568
All other loans		6		-		-		6		48		54
Total loans	$	5,696	$	1,594	$	6,104	$	13,394	$	427,775	$	441,169

Summary of Risk Category of Loans Receivable

As of December 31, 2016 (Dollars are in thousands)		Pass		Special Mention		Substandard		Total
Real estate secured:
Commercial	$	92,562	$	6,922	$	3,847	$	103,331
Construction and land development		23,905		1,531		319		25,755
Residential 1-4 family		238,400		2,117		9,183		249,700
Multifamily		10,848		1,367		367		12,582
Farmland		19,070		1,545		4,333		24,948
Total real estate loans		384,785		13,482		18,049		416,316
Commercial		26,197		691		67		26,955
Agriculture		3,076		-		88		3,164
Consumer installment loans		22,086		-		102		22,188
All other loans		6		-		-		6
Total	$	436,150	$	14,173		18,306	$	468,629

As of December 31, 2015 (Dollars are in thousands)		Pass		Special Mention		Substandard		Total
Real estate secured:
Commercial	$	85,255	$	7,543	$	5,771	$	98,569
Construction and land development		12,262		1,974		436		14,672
Residential 1-4 family		229,182		3,572		10,162		242,916
Multifamily		12,264		187		503		12,954
Farmland		16,663		2,923		2,588		22,174
Total real estate loans		355,626		16,199		19,460		391,285
Commercial		20,641		724		104		21,469
Agriculture		3,767		-		26		3,793
Consumer installment loans		24,478		-		90		24,568
All other loans		54		-		-		54
Total	$	404,566	$	16,923		19,680	$	441,169