LOANS (Tables)

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Summary of Loans Receivable Outstanding

Loans receivable outstanding at December 31, are summarized as follows:

(Dollars are in thousands)	2018		2017
Real estate secured:
Commercial	$	140,862	$	127,688
Construction and land development		35,119		29,763
Residential 1-4 family		249,946		249,159
Multifamily		13,496		15,481
Farmland		22,114		22,998
Total real estate loans		461,537		445,089
Commercial		55,157		41,345
Agriculture		5,266		3,494
Consumer installment loans		24,538		22,411
All other loans		598		669
Total loans	$	547,096	$	513,008

Summary of Loans Receivable on Nonaccrual Status

Loans receivable on nonaccrual status at December 31, are summarized as follows:

(Dollars are in thousands)		2018		2017
Real estate secured:
Commercial	$	784	$	2,035
Construction and land development		157		470
Residential 1-4 family		3,626		2,991
Multifamily		76		152
Farmland		1,637		800
Total real estate loans		6,300		6,448
Commercial		61		1,065
Agriculture		1		3
Consumer installment loans	7		48
Total loans receivable on nonaccrual status	$	6,369	$	7,564

Summary of Impaired Loans

The following table presents information concerning the Company’s investment in loans considered impaired as of December 31, 2018 and December 31, 2017:

As of December 31, 2018  (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	$	2,556	$	95	$	1,887	$	1,941	$	-
Construction and land development		199		1		114		379		-
Residential 1-4 family		3,159		175		2,880		3,168		-
Multifamily		146		6		75		117		-
Farmland		1,551		54		1,693		1,880		-
Commercial		132		1		-		-		-
Agriculture		3		-		-		-		-
Consumer installment loans		2		-		-		-		-
All other loans		-		-		-		-		-
With an allowance recorded:
Real estate secured:
Commercial		1,214		16		435		539		40
Construction and land development		-		-		-		-		-
Residential 1-4 family		399		16		431		454		132
Multifamily		-		-		-		-		-
Farmland		361		-		345		358		132
Commercial		256		3		109		109		13
Agriculture		-		-		-		-		-
Consumer installment loans		6		1		7		7		1
All other loans		-		-		-		-		-
Total	$	9,984	$	368	$	7,976	$	8,952	$	318

As of December 31, 2017  (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	$	2,910	$	122	$	2,646	$	2,719	$	-
Construction and land development		87		6		424		680		-
Residential 1-4 family		3,779		198		3,586		3,885		-
Multifamily		377		20		281		321		-
Farmland		2,283		59		1,264		1,664		-
Commercial		126		12		628		628		-
Agriculture		17		1		12		12		-
Consumer installment loans		12		1		8		8		-
All other loans		-		-		-		-		-
With an allowance recorded:
Real estate secured:
Commercial		1,467		102		2,503		2,622		499
Construction and land development		177		-		-		-		-
Residential 1-4 family		591		19		421		437		91
Multifamily		528		-		-		-		-
Farmland		614		22		378		378		243
Commercial		323		26		489		572		413
Agriculture		1		-		-		-		-
Consumer installment loans		2		-		-		-		-
All other loans		-		-		-		-		-
Total	$	13,294	$	588	$	12,640	$	13,926	$	1,246

Summary of Age Analysis of Past Due Loans Receivable

An age analysis of past due loans receivable is below. At December 31, 2018 and 2017, there were no loans over 90 days past due that were accruing.

As of December 31, 2018  (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	$	80	$	31	$	137	$	248	$	140,614	$	140,862
Construction and land development		70		-		27		97		35,022		35,119
Residential 1-4 family		3,468		564		525		4,557		245,389		249,946
Multifamily		-		273		-		273		13,223		13,496
Farmland		316		-		1090		1,406		20,708		22,114
Total real estate loans		3,934		868		1,779		6,581		454,956		461,537
Commercial		68		-		61		129		55,028		55,157
Agriculture		22		-		-		22		5,244		5,266
Consumer installment Loans		74		15		-		89		24,449		24,538
All other loans		-		-		-		-		598		598
Total loans	$	4,098	$	883	$	1,840	$	6,821	$	540,275	$	547,096

As of December 31, 2017  (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	$	190	$	2,396	$	453	$	3,039	$	124,649	$	127,688
Construction and land development		69		246		42		357		29,406		29,763
Residential 1-4 family		3,789		378		969		5,136		244,023		249,159
Multifamily		125		89		-		214		15,267		15,481
Farmland		309		-		-		309		22,689		22,998
Total real estate loans		4,482		3,109		1,464		9,055		436,034		445,089
Commercial		103		25		603		731		40,614		41,345
Agriculture		38		-		-		38		3,456		3,494
Consumer installment Loans		102		15		28		145		22,266		22,411
All other loans		-		-		-		-		669		669
Total loans	$	4,725	$	3,149	$	2,095	$	9,969	$	503,039	$	513,008

Summary of Risk Category of Loans Receivable

Based on the most recent analysis performed, the risk category of loans receivable was as follows:

As of December 31, 2018  (Dollars are in thousands)		Pass		Special  Mention		Substandard		Total
Real estate secured:
Commercial	$	137,146	$	2,890	$	826	$	140,862
Construction and land development		34,231		718		170		35,119
Residential 1-4 family		243,950		1,523		4,473		249,946
Multifamily		13,357		63		76		13,496
Farmland		18,126		2,331		1,657		22,114
Total real estate loans		446,810		7,525		7,202		461,537
Commercial		52,156		2,940		61		55,157
Agriculture		5,255		10		1		5,266
Consumer installment loans		24,493		35		10		24,538
All other loans		598		-		-		598
Total	$	529,312	$	10,510		7,274	$	547,096

As of December 31, 2017  (Dollars are in thousands)		Pass		Special  Mention		Substandard		Total
Real estate secured:
Commercial	$	120,104	$	3,228	$	4,356	$	127,688
Construction and land development		28,462		816		485		29,763
Residential 1-4 family		243,048		1,810		4,301		249,159
Multifamily		13,695		1,445		341		15,481
Farmland		19,273		2,445		1,280		22,998
Total real estate loans		424,582		9,744		10,763		445,089
Commercial		37,973		2,307		1,065		41,345
Agriculture		3,468		23		3		3,494
Consumer installment loans		22,357		2		52		22,411
All other loans		669		-		-		669
Total	$	489,049	$	12,076		11,883	$	513,008