ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Summary of activity in the allowance for loan losses

The following table details activity in the allowance for loan losses by portfolio segment for the three months period ended March 31, 2020. 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 March 31, 2020  (Dollars are in thousands)	Beginning Balance		Charge Offs			Recoveries		Provisions			Ending Balance
Real estate secured:
Commercial	$	1,248	$	(22	)	$	2	$	452		$	1,680
Construction and land development		158		—			—		56			214
Residential 1-4 family		1,736		—			8		333			2,077
Multifamily		104		—			—		28			132
Farmland		109		(42	)		33		46			146
Total real estate loans		3,355		(64	)		43		915			4,249
Commercial		1,789		(13	)		29		51			1,856
Agriculture		27		—			1		11			39
Consumer installment loans		188		(33	)		6		22			183
All other loans		7		—			—		3			10
Unallocated		2		—			—		(2	)		—
Total	$	5,368	$	(110	)	$	79	$	1,000		$	6,337

As of December 31, 2019  (Dollars are in thousands)	Beginning Balance		Charge Offs			Recoveries		Provisions			Ending Balance
Real estate secured:
Commercial	$	1,386	$	(192	)	$	16	$	38		$	1,248
Construction and land development		202		—			34		(78	)		158
Residential 1-4 family		2,437		(336	)		202		(567	)		1,736
Multifamily		89		—			30		(15	)		104
Farmland		287		(33	)		29		(174	)		109
Total real estate loans		4,401		(561	)		311		(796	)		3,355
Commercial		448		(1,762	)		61		3,042			1,789
Agriculture		37		(17	)		2		5			27
Consumer installment loans		172		(114	)		62		68			188
All other loans		3		—			—		4			7
Unallocated		275		—			—		(273	)		2
Total	$	5,336	$	(2,454	)	$	436	$	2,050		$	5,368

Schedule of allocation of portion of allowance

The following table presents the allocation of the allowance for loan losses by portfolio segment, based on impairment method, as of March 31, 2020: 

		Allowance for Loan Losses						Recorded Investment in Loans
As of March 31, 2020  (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	$	210	$	1,470	$	1,680	$	2,756	$	168,902	$	171,658
Construction and land development		—		214		214		63		30,778		30,841
Residential 1-4 family		39		2,038		2,077		1,398		238,930		240,328
Multifamily		—		132		132		—		14,039		14,039
Farmland		8		138		146		959		19,404		20,363
Total real estate loans		257		3,992		4,249		5,176		472,053		477,229
Commercial		200		1,656		1,856		387		53,203		53,590
Agriculture		—		39		39		—		5,241		5,241
Consumer installment loans		—		183		183		—		22,592		22,592
All other loans		—		10		10		—		1,816		1,816
Unallocated		—		—		—		—		—		—
Total	$	457	$	5,880	$	6,337	$	5,563	$	554,905	$	560,468

The following table presents the allocation of the allowance for loan losses by portfolio segment, based on impairment method, as of December 31, 2019: 

		Allowance for Loan Losses						Recorded Investment in Loans
As of December 31, 2019  (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	$	70	$	1,178	$	1,248	$	2,779	$	167,657	$	170,436
Construction and land development		—		158		158		70		31,060		31,130
Residential 1-4 family		44		1,692		1,736		1,318		241,604		242,922
Multifamily		—		104		104		—		13,638		13,638
Farmland		9		100		109		994		19,796		20,790
Total real estate loans		123		3,232		3,355		5,161		473,755		478,916
Commercial		200		1,589		1,789		414		53,580		53,994
Agriculture		—		27		27		—		4,797		4,797
Consumer installment loans		—		188		188		—		23,127		23,127
All other loans		—		7		7		—		1,710		1,710
Unallocated		—		2		2		—		—		—
Total	$	323	$	5,045		5,368	$	5,575	$	556,969	$	562,544