ALLOWANCE FOR LOAN LOSSES

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

ALLOWANCE FOR LOAN LOSSES

NOTE 7 ALLOWANCE FOR LOAN LOSSES

The following table details activity in the allowance for loan losses by portfolio segment for the period ended December 31, 2018. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

As of December 31, 2018  (Dollars are in thousands)		Beginning  Balance		Charge  Offs		Recoveries		Provisions		Ending  Balance
Real estate secured:
Commercial	$	1,989	$	(334)	$	73	$	(342)	$	1,389
Construction and land development		191		(96)		11		96		202
Residential 1-4 family		2,400		(290)		73		254		2,437
Multifamily		106		-		-		(17)		89
Farmland		415		(58)		72		(142)		287
Total real estate loans		5,101		(778)		229		(151)		4,401
Commercial		660		(617)		84		321		448
Agriculture		20		-		1		16		37
Consumer installment loans		156		(75)		44		47		172
All other loans		3		-		-		-		3
Unallocated		256		-		-		19		275
Total	$	6,196	$	(1,470)	$	358	$	252	$	5,336

		Allowance for Loan Losses						Recorded Investment in Loans
As of December 31, 2018  (Dollars are in thousands)		Individually  Evaluated  for Impairment		Collectively Evaluated for Impairment		Total		Individually  Evaluated  for Impairment		Collectively Evaluated  for  Impairment		Total
Real estate secured:
Commercial	$	40	$	1,346	$	1,386	$	2,322	$	138,540	$	140,862
Construction and land development		-		202		202		114		35,005		35,119
Residential 1-4 family		132		2,205		2,437		3,311		246,635		249,946
Multifamily		-		89		89		75		13,421		13,496
Farmland		132		155		287		2,038		20,076		22,114
Total real estate loans		304		4,097		4,401		7,860		453,677		461,537
Commercial		13		435		448		109		55,048		55,157
Agriculture		-		37		37		-		5,266		5,266
Consumer installment loans		1		171		172		7		24,531		24,538
All other loans		-		3		3		-		598		598
Unallocated		-		275		275		-		-		-
Total	$	318	$	5,018		5,336	$	7,976	$	539,120	$	547,096

The following table details activity in the allowance for loan losses by portfolio segment for the period ended December 31, 2017. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

As of December 31, 2017  (Dollars are in thousands)		Beginning  Balance		Charge  Offs		Recoveries		Provisions		Ending  Balance
Real estate secured:
Commercial	$	1,625	$	(179)	$	193	$	350	$	1,989
Construction and land development		346		(1)		-		(154)		191
Residential 1-4 family		2,376		(714)		48		690		2,400
Multifamily		241		-		-		(135)		106
Farmland		428		(49)		361		(325)		415
Total real estate loans		5,016		(943)		602		426		5,101
Commercial		163		(11)		153		355		660
Agriculture		31		(4)		5		(12)		20
Consumer installment loans		123		(147)		19		161		156
All other loans		-		-		-		3		3
Unallocated		739		-		-		(483)		256
Total	$	6,072	$	(1,105)	$	779	$	450	$	6,196

		Allowance for Loan Losses						Recorded Investment in Loans
As of December 31, 2017  (Dollars are in thousands)		Individually  Evaluated  for Impairment		Collectively Evaluated for Impairment		Total		Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Total
Real estate secured:
Commercial	$	499	$	1,490	$	1,989	$	5,149	$	122,539	$	127,688
Construction and land development		-		191		191		424		29,339		29,763
Residential 1-4 family		91		2,309		2,400		4,007		245,152		249,159
Multifamily		-		106		106		281		15,200		15,481
Farmland		243		172		415		1,642		21,356		22,998
Total real estate loans		833		4,268		5,101		11,503		433,586		445,089
Commercial		413		247		660		1,117		40,228		41,345
Agriculture		-		20		20		12		3,482		3,494
Consumer installment loans		-		156		156		8		22,403		22,411
All other loans		-		3		3		-		669		669
Unallocated		-		256		256		-		-		-
Total	$	1,246	$	4,950		6,196	$	12,640	$	500,368	$	513,008

In determining the amount of our allowance, we rely on an analysis of our loan portfolio, our experience and our evaluation of general economic conditions. If our assumptions prove to be incorrect, our current allowance may not be sufficient to cover future loan losses and we may experience significant increases to our provision.