XML 24 R13.htm IDEA: XBRL DOCUMENT v3.20.2
LOANS
6 Months Ended
Jun. 30, 2020
LOANS  
LOANS

NOTE F - LOANS

Following is a summary of the composition of the Company’s loan portfolio at June 30, 2020 and December 31, 2019:

June 30, 

December 31, 

2020

2019

 

Percent

Percent

 

    

Amount

    

of total

    

Amount

    

of total

 

(dollars in thousands)

 

Real estate loans:

1-to-4 family residential

$

197,395

 

14.81

%  

$

151,697

 

14.73

%

Commercial real estate

 

516,112

 

44.67

%  

 

459,115

 

44.58

%

Multi-family residential

 

77,877

 

6.80

%  

 

69,124

 

6.71

%

Construction

 

245,937

 

21.99

%  

 

221,878

 

21.55

%

Home equity lines of credit (“HELOC”)

 

49,271

 

4.22

%  

 

44,514

 

4.32

%

Total real estate loans

 

1,086,592

 

92.49

%  

 

946,328

 

91.89

%

Other loans:

 

 

 

  

 

  

Commercial and industrial

 

161,643

 

6.95

%  

 

75,748

 

7.35

%

Loans to individuals

 

7,469

 

0.75

%  

 

9,779

 

0.95

%

Overdrafts

 

71

 

0.02

%  

 

234

 

0.02

%

Total other loans

 

169,183

 

7.72

%  

 

85,761

 

8.32

%

Gross loans

 

1,255,775

 

 

1,032,089

 

Less deferred loan origination fees, net

 

(5,776)

 

(0.21)

%  

 

(2,114)

 

(0.21)

%

Total loans

 

1,249,999

 

100.00

%  

 

1,029,975

 

100.00

%

Allowance for loan losses

 

(12,054)

 

(8,324)

 

  

Total loans, net

$

1,237,945

$

1,021,651

 

  

For Purchased Credit Impaired, or PCI loans, the contractually required payments including principal and interest, cash flows expected to be collected and fair values as of June 30, 2020 and December 31, 2019 were:

    

June 30, 2020

    

December 31, 2019

Contractually required payments

$

40,025

$

20,598

Nonaccretable difference

3,421

1,694

Cash flows expected to be collected

36,604

18,904

Accretable yield

5,661

3,191

Carrying value

$

30,943

$

15,713

Loans are primarily secured by real estate located in the State of North Carolina, southeastern Virginia and northwestern South Carolina. Real estate loans can be affected by the condition of the local real estate market and by local economic conditions.

At June 30, 2020, the Company had pre-approved but unused lines of credit for customers totaling $290.6 million. In management’s opinion, these commitments, and undisbursed proceeds on loans reflected above, represent no more than normal lending risk to the Company and will be funded from normal sources of liquidity.

The Bank had originated 1,230 loans amounting to $96.5 million under the Paycheck Protection Program (“PPP”) which are classified as Commercial and industrial loans in the loan portfolio.  The PPP loan program is sponsored by the Small Business Administration (SBA) to primarily facilitate the continuation of paychecks to employees of businesses impacted by the COVID-19 pandemic.  These loans are guaranteed by the SBA and can be forgiven and paid off by the SBA if all conditions of the program are met.  Loans that do not meet the conditions of the PPP loan program could result in the Bank incurring a charge-off.  The extent of this potential loss to the Bank is not known since the conditions of the program have changed and are subject to future changes.

A floating lien of $105.6 million of loans was pledged to the FHLB to secure borrowings at June 30, 2020.

The following tables present an age analysis of past due loans, segregated by class of loans as of June 30, 2020 and December 31, 2019, respectively:

June 30, 2020

30-59

60-89

90+

Non-

Total

Days

Days

Days

Accrual

Past

Total

    

Past Due

    

Past Due

    

Accruing

    

Loans

    

Due

    

Current

    

Loans

(dollars in thousands)

Commercial and industrial

$

586

$

$

$

3,126

$

3,712

$

157,931

$

161,643

Construction

 

146

 

 

 

169

 

315

 

245,622

 

245,937

Multi-family residential

 

 

 

 

 

 

77,877

 

77,877

Commercial real estate

 

371

 

 

332

 

3,110

 

3,813

 

512,299

 

516,112

Loans to individuals & overdrafts

 

11

 

9

 

 

145

 

165

 

7,375

 

7,540

1‑to‑4 family residential

 

97

 

55

 

994

 

971

 

2,117

 

195,278

 

197,395

HELOC

 

94

 

 

 

458

 

552

 

48,719

 

49,271

Deferred loan (fees) cost, net

 

 

 

 

 

 

 

(5,776)

$

1,305

$

64

$

1,326

$

7,979

$

10,674

$

1,245,101

$

1,249,999

December 31, 2019

30-59

60-89

90+

Non-

Total

Days

Days

Days

Accrual

Past

Total

    

Past Due

    

Past Due

    

Accruing

    

Loans

    

Due

    

Current

    

Loans

(dollars in thousands)

Total loans

Commercial and industrial

$

1,108

$

34

$

46

$

2,824

$

4,012

$

71,736

$

75,748

Construction

 

 

 

 

181

 

181

 

221,697

 

221,878

Multi-family residential

 

 

 

 

 

 

69,124

 

69,124

Commercial real estate

 

393

 

82

 

321

 

1,832

 

2,628

 

456,487

 

459,115

Loans to individuals & overdrafts

 

5

 

 

 

155

 

160

 

9,853

 

10,013

1‑to‑4 family residential

 

859

 

810

 

864

 

505

 

3,038

 

148,659

 

151,697

HELOC

 

168

 

 

 

444

 

612

 

43,902

 

44,514

Deferred loan (fees) cost, net

 

 

 

 

 

 

 

(2,114)

$

2,533

$

926

$

1,231

$

5,941

$

10,631

$

1,021,458

$

1,029,975

Impaired Loans

The following tables present information on loans that were considered to be impaired as of June 30, 2020 and December 31, 2019:

As of June 30, 2020

    

Three Months Ended

Six Months Ended

Contractual

June 30, 2020

June 30, 2020

Unpaid

Related

Average

Interest Income

Average

Interest Income

Recorded

Principal

Allowance

Recorded

Recognized on

Recorded

Recognized on

    

Investment

    

Balance

    

for Loan Losses

    

Investment

    

Impaired Loans

    

Investment

    

Impaired Loans

(dollars in thousands)

2020 :

With no related allowance recorded:

Commercial and industrial

$

3,394

$

3,893

$

$

3,667

$

71

$

2,951

$

108

Construction

 

428

 

529

 

 

432

 

6

 

434

 

11

Commercial real estate

 

5,794

 

6,104

 

 

5,679

 

38

 

5,690

 

88

Loans to individuals & overdrafts

 

262

 

280

 

 

259

 

3

 

273

 

13

Multi-family residential

 

 

 

 

 

 

99

 

21

HELOC

 

546

 

677

 

 

671

 

10

 

610

 

20

1‑to‑4 family residential

 

90

 

186

 

 

109

 

18

 

86

 

Subtotal:

 

10,514

 

11,669

 

 

10,817

 

146

 

10,143

 

261

With an allowance recorded:

Commercial and industrial

 

649

 

649

 

344

 

649

 

11

 

649

 

19

Construction

 

 

 

 

 

 

 

Commercial real estate

 

556

 

572

 

392

 

278

 

16

 

278

 

31

Loans to individuals & overdrafts

 

 

 

 

 

 

 

Multi-family Residential

 

 

 

 

 

 

 

HELOC

 

 

 

 

 

 

 

1‑to‑4 family residential

 

241

 

255

 

4

 

246

 

14

 

283

 

22

Subtotal:

 

1,446

 

1,476

 

740

 

1,173

 

41

 

1,210

 

72

Totals:

 

 

 

 

 

 

 

Commercial

 

10,821

 

11,747

 

736

 

10,705

 

142

 

10,101

 

257

Consumer

 

262

 

280

 

 

259

 

3

 

273

 

13

Residential

 

877

 

1,118

 

4

 

1,026

 

42

 

979

 

63

Grand Total:

$

11,960

$

13,145

$

740

$

11,990

$

187

$

11,353

$

333

Impaired loans at June 30, 2020 were approximately $12.0 million and were composed of $8.0 million in non-accrual loans and $4.0 million in loans that were still accruing interest. Recorded investment represents the current principal balance of the loan. Approximately $1.5 million in impaired loans had specific allowances provided for them while the

remaining $10.5 million had no specific allowances recorded at June 30, 2020. Of the $10.5 million with no allowance recorded, $373,000 of those loans have had partial charge-offs recorded.

    

As of December 31, 2019

Three Months Ended

Six Months Ended

Contractual

June 30, 2019

June 30, 2019

Unpaid

Related

Average

Interest Income

Average

Interest Income

Recorded

Principal

Allowance

Recorded

Recognized on

Recorded

Recognized on

    

Investment

    

Balance

    

for Loan Losses

    

Investment

    

Impaired Loans

    

Investment

    

Impaired Loans

(dollars in thousands)

2019 :

With no related allowance recorded:

Commercial and industrial

$

2,796

$

4,051

$

$

3,298

$

54

$

4,189

$

64

Construction

 

440

 

537

 

 

1,419

 

3

 

1,428

 

8

Commercial real estate

 

5,585

 

6,750

 

 

7,988

 

82

 

6,823

 

148

Loans to individuals & overdrafts

 

197

 

197

 

 

99

 

5

 

92

 

6

Multi-family residential

 

284

 

293

 

 

209

 

4

 

211

 

7

HELOC

 

543

 

678

 

 

625

 

23

 

658

 

39

1‑to‑4 family residential

 

395

 

1,816

 

 

874

 

11

 

952

 

26

Subtotal:

 

10,240

 

14,322

 

 

14,512

 

182

 

14,353

 

298

With an allowance recorded:

Commercial and industrial

 

731

 

1,056

 

403

 

964

 

37

 

635

 

43

Construction

 

 

 

 

 

 

13

 

Commercial real estate

 

 

 

 

 

 

 

Loans to individuals & overdrafts

 

 

 

 

10

 

 

77

 

Multi-family Residential

 

 

 

 

 

 

 

HELOC

 

160

 

222

 

 

517

 

9

 

91

 

7

1‑to‑4 family residential

 

81

 

94

 

10

 

262

 

1

 

213

 

10

Subtotal:

 

972

 

1,372

 

413

 

1,753

 

47

 

1,029

 

60

Totals:

  

 

  

 

  

 

  

 

  

 

  

 

  

Commercial

 

9,749

 

12,591

 

403

 

13,878

 

180

 

13,299

 

270

Consumer

 

284

 

293

 

 

109

 

5

 

169

 

6

Residential

 

1,179

 

2,810

 

10

 

2,278

 

44

 

1,914

 

82

Grand Total:

$

11,212

$

15,694

$

413

$

16,265

$

229

$

15,382

$

358

Impaired loans at December 31, 2019 were approximately $11.2 million and included $5.9 million in non-accrual loans and $6.2 million in loans still in accruing status. Recorded investment represents the current principal balance for the loan. Approximately $972,000 of the $11.2 million in impaired loans at December 31, 2019 had specific allowances aggregating $413,000 while the remaining $10.2 million had no specific allowances recorded. Of the $10.2 million with no allowance recorded, partial charge-offs through December 31, 2019 amounted to $4.1 million.

Loans are placed on non-accrual status when it has been determined that all contractual principal and interest will not be received. Any payments received on these loans are applied to principal first and then to interest only after all principal has been collected. In the case of an impaired loan that is still on accrual basis, payments are applied to both principal and interest.

Troubled Debt Restructurings

The following table presents loans that were modified as troubled debt restructurings (“TDRs”) with a breakdown of the types of concessions made by loan class during the three and six months ended June 30, 2020 and 2019:

Three Months Ended June 30, 2020

Six Months Ended June 30, 2020

Pre-Modification

Post-Modification

Pre-Modification

Post-Modification

Number

Outstanding

Outstanding

Number

Outstanding

Outstanding

of

Recorded

Recorded

of

Recorded

Recorded

    

loans

    

Investments

    

Investments

    

loans

    

Investments

    

Investments

(dollars in thousands)

(dollars in thousands)

Extended payment terms:

 

  

 

  

 

  

  

 

  

 

  

1-to-4 family residential

 

2

 

$

139

 

$

92

5

 

$

632

 

$

384

Commercial real estate

 

 

 

 

 

Construction

1

157

138

2

417

396

HELOC

 

1

 

190

 

185

2

 

240

 

235

Commercial & industrial

6

2,665

2,539

Total

 

4

$

486

$

415

15

$

3,954

$

3,554

Three Months Ended June 30, 2019

Six Months Ended June 30, 2019

Pre-Modification

Post-Modification

Pre-Modification

Post-Modification

Number

Outstanding

Outstanding

Number

Outstanding

Outstanding

of

Recorded

Recorded

of

Recorded

Recorded

    

loans

    

Investments

    

Investments

    

loans

    

Investments

    

Investments

(dollars in thousands)

(dollars in thousands)

Extended payment terms:

 

  

 

  

 

  

  

 

  

 

  

Commercial and industrial

 

1

 

$

35

 

$

18

2

 

$

59

 

$

40

Commercial real estate

 

 

 

1

 

752

 

752

1‑to‑4 family residential

 

2

 

747

 

747

3

 

828

 

827

Total

 

3

$

782

$

765

6

$

1,639

$

1,619

The following table presents loans that were modified as TDRs within the past twelve months with a breakdown of the types for which there was a payment default during that period together with concessions made by loan class during the twelve month periods ended June 30, 2020 and 2019:

Twelve months ended

Twelve months ended

June 30, 2020

June 30, 2019

Number

Recorded

Number

Recorded

    

of loans

    

investment

    

of loans

    

investment

(dollars in thousands)

(dollars in thousands)

Extended payment terms:

 

  

 

  

  

 

  

Commercial and industrial

 

2

 

$

1,510

3

 

$

827

Commercial real estate

 

 

2

 

1,058

Construction

1

 

138

 

HELOC

1

 

186

 

1-to-4 family residential

2

92

2

40

Total

 

6

$

1,926

7

$

1,925

At June 30, 2020, the Bank had forty-nine loans with an aggregate balance of $10.3 million that were considered to be troubled debt restructurings. Of those TDRs, thirty-two loans with a balance totaling $6.4 million were still accruing as of June 30, 2020. The remaining TDRs with balances totaling $3.9 million as of June 30, 2020 were in non-accrual status. In

response to the impact of COVID-19 payment deferrals were granted on 491 loans totaling $240.2 million through June 30, 2020.  The Bank has chosen to apply the CARES Act election for the accounting of TDRs. As permitted by applicable regulatory guidance, these 491 loans were not classified as TDRs at June 30, 2020.

At June 30, 2019, the Bank had thirty-nine loans with an aggregate balance of $7.8 million that were considered to be troubled debt restructurings. Of those TDRs, twenty-four loans with a balance totaling $5.3 million were still accruing as of June 30, 2019. The remaining TDRs with balances totaling $1.8 million as of June 30, 2019 were in non-accrual status.

The following tables present information on risk ratings of the commercial and consumer loan portfolios, segregated by loan class as of June 30, 2020 and December 31, 2019, respectively:

Total loans:

June 30, 2020

Commercial

Credit

Exposure By

 

Commercial

 

Commercial

Internally

 

and

 

 

real

Multi-family

Assigned Grade

     

industrial

     

Construction

     

estate

     

residential

(dollars in thousands)

Superior

$

96,774

$

$

212

$

Very good

 

163

 

193

 

1,624

 

Good

 

4,463

 

3,299

 

71,967

 

6,632

Acceptable

 

18,612

 

26,854

 

276,479

 

43,569

Acceptable with care

 

35,426

 

214,840

 

156,928

 

27,676

Special mention

 

394

 

582

 

2,089

 

Substandard

 

5,811

 

169

 

6,813

 

Doubtful

 

 

 

 

Loss

 

 

 

 

$

161,643

$

245,937

$

516,112

$

77,877

Consumer Credit

    

Exposure By

Internally

 

1to4 family

Assigned Grade

    

residential

    

HELOC

Pass

$

194,067

$

48,173

Special mention

 

1,165

 

222

Substandard

 

2,163

 

876

$

197,395

$

49,271

Consumer Credit

Exposure Based

 

Loans to

On Payment

 

individuals &

Activity

    

overdrafts

Pass

$

7,268

Special mention

 

272

$

7,540

Total Loans:

December 31, 2019

Commercial

Credit

Exposure By

 

Commercial

 

Commercial

Internally

 

and

 

 

real

Multi-family

Assigned Grade

    

industrial

    

Construction

    

estate

    

residential

(dollars in thousands)

Superior

$

4,014

$

$

337

$

Very good

 

349

 

110

 

1,245

 

Good

 

5,976

 

8,674

 

62,643

 

4,839

Acceptable

 

19,197

 

16,249

 

255,751

 

41,113

Acceptable with care

 

40,579

 

196,228

 

133,190

 

23,172

Special mention

 

242

 

436

 

1,490

 

Substandard

 

5,391

 

181

 

4,459

 

Doubtful

 

 

 

 

Loss

 

 

 

 

$

75,748

$

221,878

$

459,115

$

69,124

Consumer Credit

    

Exposure By

Internally

 

1to4 family

Assigned Grade

    

residential

    

HELOC

Pass

$

147,958

$

43,585

Special mention

 

1,246

 

76

Substandard

 

2,493

 

853

$

151,697

$

44,514

Consumer Credit

Exposure Based

 

Loans to

On Payment

 

individuals &

Activity

    

overdrafts

Pass

$

9,727

Special mention

 

286

$

10,013

Determining the fair value of PCI loans at acquisition required the Company to estimate cash flows expected to result from those loans and to discount those cash flows at appropriate rates of interest. For such loans, the excess of cash flows expected to be collected at acquisition over the estimated fair value is recognized as interest income over the remaining lives of the loans and is called the accretable yield. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition reflects the impact of estimated credit losses and is called the nonaccretable difference. In accordance with GAAP, there was no carry-over of previously established allowance for credit losses from the acquired company.

The following table documents changes to the amount of the accretable yield on PCI loans for the three and six months ended June 30, 2020 and 2019:

    

Three Months Ended

Six Months Ended

June 30, 

June 30, 

2020

    

2019

2020

    

2019

(dollars in thousands)

(dollars in thousands)

Accretable yield, beginning of period

$

2,986

$

3,721

$

3,191

$

3,593

Additions

 

2,949

 

 

2,949

 

Accretion

 

(442)

 

(290)

 

(722)

 

(578)

Reclassification from nonaccretable difference

 

11

 

131

 

43

 

248

Other changes, net

 

157

 

(81)

 

200

 

218

Accretable yield, end of period

$

5,661

$

3,481

$

5,661

$

3,481

The following tables present a roll forward of the Company’s allowance for loan losses by loan class for the three and six month periods ended June 30, 2020 and June 30, 2019, respectively (dollars in thousands):

Three Months Ended June 30, 2020

Commercial

    

    

    

1 to 4

    

    

Loans to

    

Multi-

    

and

Commercial

family

individuals &

family

2020

    

industrial

    

Construction

    

real estate

    

residential

    

HELOC

    

overdrafts

    

residential

    

Total

Allowance for loan losses

Loans – excluding PCI

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Balance, beginning of period 04/01/2020

$

1,834

$

2,125

$

3,558

$

1,714

$

398

$

143

$

546

$

10,318

Provision for (recovery of) loan losses

 

1,306

 

159

 

625

 

(49)

 

(51)

 

(39)

 

75

 

2,026

Loans charged-off

 

(519)

 

 

 

 

 

(3)

 

 

(522)

Recoveries

 

2

 

 

1

 

6

 

41

 

7

 

 

57

Balance, end of period 6/30/2020

$

2,623

$

2,284

$

4,184

$

1,671

$

388

$

108

$

621

$

11,879

PCI Loans

 

 

 

 

 

  

 

  

 

  

 

Balance, beginning of period 04/01/2020

$

199

$

7

$

14

$

43

$

$

$

5

$

268

Provision for (recovery of) loan losses

 

(176)

4

 

30

 

32

 

9

 

4

 

4

 

(93)

Loans charged-off

 

 

 

 

 

 

 

 

Recoveries

 

 

 

 

 

 

 

 

Balance, end of period 6/30/2020

$

23

$

11

$

44

$

75

$

9

$

4

$

9

$

175

Total Loans

 

 

 

 

  

 

  

 

  

 

  

 

Balance, beginning of period 04/01/2020

$

2,033

$

2,132

$

3,572

$

1,757

$

398

$

143

$

551

$

10,586

Provision for (recovery of) loan losses

 

1,130

 

163

 

655

 

(17)

 

(42)

 

(35)

 

79

 

1,933

Loans charged-off

 

(519)

 

 

 

 

 

(3)

 

 

(522)

Recoveries

 

2

 

 

1

 

6

 

41

 

7

 

 

57

Balance, end of period 6/30/2020

$

2,646

$

2,295

$

4,228

$

1,746

$

397

$

112

$

630

$

12,054

Ending Balance: individually evaluated for impairment

$

344

$

$

392

$

4

$

$

$

$

740

Ending Balance: collectively evaluated for impairment

$

2,302

$

2,295

$

3,836

$

1,742

$

397

$

112

$

630

$

11,314

Loans:

 

 

 

  

 

  

 

  

 

  

 

  

 

Ending Balance: collectively evaluated for impairment non PCI loans

$

155,443

$

243,887

$

497,112

$

184,805

$

48,034

$

7,128

$

76,463

$

1,212,872

Ending Balance: collectively evaluated for impairment PCI loans

$

1,659

$

1,622

$

13,148

$

12,259

$

691

$

150

$

1,414

$

30,943

Ending Balance: individually evaluated for impairment

$

4,541

$

428

$

5,852

$

331

$

546

$

262

$

$

11,960

Ending Balance

$

161,643

$

245,937

$

516,112

$

197,395

$

49,271

$

7,540

$

77,877

$

1,255,775

Six Months Ended June 30, 2020

Commercial

    

    

    

1 to 4

    

    

Loans to

    

Multi-

    

and

Commercial

family

individuals &

family

2020

    

industrial

    

Construction

    

real estate

    

residential

    

HELOC

    

overdrafts

    

residential

    

Total

Allowance for loan losses

Loans – excluding PCI

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Balance, beginning of period 01/01/2020

$

1,127

$

1,731

$

2,837

$

1,437

$

329

$

175

$

419

$

8,055

Provision for (recovery of) loan losses

 

2,023

 

553

 

1,345

 

218

 

18

 

(59)

 

202

 

4,300

Loans charged-off

 

(530)

 

 

 

 

 

(19)

 

 

(549)

Recoveries

 

3

 

 

2

 

16

 

41

 

11

 

 

73

Balance, end of period 6/30/2020

$

2,623

$

2,284

$

4,184

$

1,671

$

388

$

108

$

621

$

11,879

PCI Loans

 

 

 

 

 

  

 

  

 

  

 

Balance, beginning of period 01/01/2020

$

178

$

6

$

14

$

56

$

$

$

15

$

269

Provision for (recovery of) loan losses

 

(155)

 

5

 

30

 

19

 

9

 

4

 

(6)

 

(94)

Loans charged-off

 

 

 

 

 

 

 

 

Recoveries

 

 

 

 

 

 

 

 

Balance, end of period 6/30/2020

$

23

$

11

$

44

$

75

$

9

$

4

$

9

$

175

Total Loans

 

 

 

 

  

 

  

 

  

 

  

 

Balance, beginning of period 01/01/2020

$

1,305

$

1,737

$

2,851

$

1,493

$

329

$

175

$

434

$

8,324

Provision for (recovery of) loan losses

 

1,868

 

558

 

1,375

 

237

 

27

 

(55)

 

196

 

4,206

Loans charged-off

 

(530)

 

 

 

 

 

(19)

 

 

(549)

Recoveries

 

3

 

 

2

 

16

 

41

 

11

 

 

73

Balance, end of period 6/30/2020

$

2,646

$

2,295

$

4,228

$

1,746

$

397

$

112

$

630

$

12,054

Three Months Ended June 30, 2019

Commercial

    

    

    

1 to 4

    

    

Loans to

    

Multi-

    

and

Commercial

family

individuals &

family

2019

    

industrial

    

Construction

    

real estate

    

residential

    

HELOC

    

overdrafts

    

residential

    

Total

Allowance for loan losses

Loans – excluding PCI

Balance, beginning of period 04/01/2019

$

730

$

1,572

$

3,395

$

1,211

$

439

$

177

$

408

$

7,932

Provision for (recovery of) loan losses

 

85

 

(102)

 

(601)

 

324

 

44

 

129

 

(25)

 

(146)

Loans charged-off

 

(6)

 

 

(10)

 

 

(51)

 

(5)

 

 

(72)

Recoveries

 

5

 

17

 

34

 

8

 

 

8

 

 

72

Balance, end of period 6/30/2019

$

814

$

1,487

$

2,818

$

1,543

$

432

$

309

$

383

$

7,786

PCI Loans

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Balance, beginning of period 04/01/2019

$

46

$

23

$

233

$

246

$

2

$

$

28

$

578

Provision for (recovery of) loan losses

 

252

 

(17)

 

(91)

 

(184)

 

(1)

 

 

(20)

 

(61)

Loans charged-off

 

 

 

 

 

 

 

 

Recoveries

 

 

 

 

 

 

 

 

Balance, end of period 6/30/2019

$

298

$

6

$

142

$

62

$

1

$

$

8

$

517

Total Loans

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Balance, beginning of period 04/01/2019

$

776

$

1,595

$

3,628

$

1,457

$

441

$

177

$

436

$

8,510

Provision for (recovery of) loan losses

 

337

 

(119)

 

(692)

 

140

 

43

 

129

 

(45)

 

(207)

Loans charged-off

 

(6)

 

 

(10)

 

 

(51)

 

(5)

 

 

(72)

Recoveries

 

5

 

17

 

34

 

8

 

 

8

 

 

72

Balance, end of period 6/30/2019

$

1,112

$

1,493

$

2,960

$

1,605

$

433

$

309

$

391

$

8,303

Ending Balance: individually evaluated for impairment

$

254

$

$

$

6

$

52

$

12

$

$

324

Ending Balance: collectively evaluated for impairment

$

858

$

1,493

$

2,960

$

1,599

$

381

$

297

$

391

$

7,979

Loans:

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Ending Balance: collectively evaluated for impairment non PCI loans

$

73,377

$

187,906

$

434,939

$

153,461

$

46,725

$

10,200

$

59,541

$

966,149

Ending Balance: collectively evaluated for impairment PCI loans

$

1,426

$

687

$

6,302

$

7,556

$

47

$

$

918

$

16,936

Ending Balance: individually evaluated for impairment

$

3,557

$

2,295

$

7,968

$

653

$

1,014

$

95

$

206

$

15,788

Ending Balance

$

78,360

$

190,888

$

449,209

$

161,670

$

47,786

$

10,295

$

60,665

$

998,873

Six Months Ended June 30, 2019

Commercial

    

    

    

1 to 4

    

    

Loans to

    

Multi-

    

and

Commercial

family

individuals &

family

2020

    

industrial

    

Construction

    

real estate

    

residential

    

HELOC

    

overdrafts

    

residential

    

Total

Allowance for loan losses

Loans – excluding PCI

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Balance, beginning of period 01/01/2019

$

762

$

1,385

$

3,024

$

1,663

$

555

$

206

$

471

$

8,066

Provision for (recovery of) loan losses

 

299

 

84

 

(245)

 

(137)

 

(36)

 

114

 

(88)

 

(9)

Loans charged-off

 

(257)

 

 

(10)

 

 

(100)

 

(24)

 

 

(391)

Recoveries

 

10

 

18

 

49

 

17

 

13

 

13

 

 

120

Balance, end of period 6/30/2019

$

814

$

1,487

$

2,818

$

1,543

$

432

$

309

$

383

$

7,786

PCI Loans

 

 

 

 

 

  

 

  

 

  

 

Balance, beginning of period 01/01/2019

$

214

$

$

385

$

4

$

$

$

$

603

Provision for (recovery of) loan losses

 

84

 

6

 

(243)

 

58

 

1

 

 

8

 

(86)

Loans charged-off

 

 

 

 

 

 

 

 

Recoveries

 

 

 

 

 

 

 

 

Balance, end of period 6/30/2019

$

298

$

6

$

142

$

62

$

1

$

$

8

$

517

Total Loans

 

 

 

 

  

 

  

 

  

 

  

 

Balance, beginning of period 01/01/2019

$

976

$

1,385

$

3,409

$

1,667

$

555

$

206

$

471

$

8,669

Provision for (recovery of) loan losses

 

383

 

90

 

(488)

 

(79)

 

(35)

 

114

 

(80)

 

(95)

Loans charged-off

 

(257)

 

 

(10)

 

 

(100)

 

(24)

 

 

(391)

Recoveries

 

10

 

18

 

49

 

17

 

13

 

13

 

 

120

Balance, end of period 6/30/2019

$

1,112

$

1,493

$

2,960

$

1,605

$

433

$

309

$

391

$

8,303