XML 51 R29.htm IDEA: XBRL DOCUMENT v3.20.1
Loans and Allowance for Loan and Lease Losses (Tables)
 12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Portfolio of Loans Outstanding
The portfolios of loans receivable at December 31, 2019, and December 31, 2018, consist of the following:

 
December 31, 2019
 
December 31, 2018
 
(Dollars in thousands)
Commercial and Industrial
$
36,777

 
$
34,640

Construction
231,095

 
139,877

Real Estate Mortgage:
 

 
 

Commercial – Owner Occupied
136,753

 
135,617

Commercial – Non-owner Occupied
298,204

 
321,580

Residential – 1 to 4 Family
636,891

 
545,391

Residential – Multifamily
68,258

 
49,628

Consumer
12,771

 
14,424

Total Loans
$
1,420,749

 
$
1,241,157
Age Analysis of Past Due Loans by Class
An age analysis of past due loans by class at December 31, 2019 and December 31, 2018 as follows:
December 31, 2019
30-59
Days Past
Due
 
60-89
Days Past
Due
 
Greater
than 90
Days and
Not
Accruing
 
Total Past
Due
 
Current
 
Total
Loans
 
Loans >
90 Days
and Accruing
 
(Dollars in thousands)
Commercial and Industrial
$
—

 
$
—

 
$
286

 
$
286

 
$
36,491

 
$
36,777

 
$
—

Construction
—

 
—

 
1,365

 
1,365

 
229,730

 
231,095

 
—

Real Estate Mortgage:
 
 
 
 
 
 


 
 
 
 
 
 
Commercial – Owner Occupied
—

 
1,722

 
2,702

 
4,424

 
132,329

 
136,753

 
—

Commercial – Non-owner Occupied
—

 
—

 
70

 
70

 
298,134

 
298,204

 
—

Residential – 1 to 4 Family
—

 
262

 
925

 
1,187

 
635,704

 
636,891

 
—

Residential – Multifamily
—

 
—

 
—

 
—

 
68,258

 
68,258

 
—

Consumer
—

 
—

 
—

 
—

 
12,771

 
12,771

 
—

Total Loans
$
—

 
$
1,984

 
$
5,348

 
$
7,332

 
$
1,413,417

 
$
1,420,749

 
$
—

December 31, 2018
30-59
Days Past
Due
 
60-89
Days Past
Due
 
Greater
than 90
Days and
Not
Accruing
 
Total Past
Due
 
Current
 
Total Loans
 
Loans >
90 Days
and Accruing
 
(Dollars in thousands)
Commercial and Industrial
$
—

 
$
—

 
$
14

 
$
14

 
$
34,626

 
$
34,640

 
$
—

Construction
—

 
—

 
1,365

 
1,365

 
138,512

 
139,877

 
—

Real Estate Mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial – Owner Occupied
—

 
—

 
—

 
—

 
135,617

 
135,617

 
—

Commercial – Non-owner Occupied
—

 
—

 
—

 
—

 
321,580

 
321,580

 
—

Residential – 1 to 4 Family
81

 
154

 
1,686

 
1,921

 
543,470

 
545,391

 
—

Residential – Multifamily
—

 
—

 
—

 
—

 
49,628

 
49,628

 
—

Consumer
62

 
—

 
—

 
62

 
14,362

 
14,424

 
—

Total Loans
$
143

 
$
154

 
$
3,065

 
$
3,362

 
$
1,237,795

 
$
1,241,157

 
$
—
Analysis of Allowance for Loan Losses
The following tables present the information regarding the allowance for loan and lease losses and associated loan data:
 
Twelve Months Ended December 31, 2019
As of December 31, 2019
 
 
 
 
Real Estate Mortgage
 
 
 
 
(Dollars in thousands)
Commercial and Industrial
 
Construction
 
Commercial Owner Occupied
 
Commercial Non-owner Occupied
 
Residential 1 to 4 Family
 
Residential Multifamily
 
Consumer
 
Total
December 31, 2018
$
718

 
$
1,694

 
$
2,062

 
$
5,853

 
$
7,917

 
$
621

 
$
210

 
$
19,075

    Charge-offs
—

 
—

 
—

 
—

 
(56
)
 
—

 
—

 
(56
)
    Recoveries
16

 
6

 
26

 
39

 
5

 
—

 
—

 
92

    Provisions
230

 
1,107

 
(65
)
 
(32
)
 
1,285

 
198

 
(23
)
 
2,700

Ending Balance December 31 2019
$
964

 
$
2,807

 
$
2,023

 
$
5,860

 
$
9,151

 
$
819

 
$
187

 
$
21,811

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
286

 
$
141

 
$
33

 
$
457

 
$
211

 
$
—

 
$
—

 
$
1,128

Collectively evaluated for impairment
678

 
2,666

 
1,990

 
5,403

 
8,940

 
819

 
187

 
20,683

Balance at December 31, 2019
$
964

 
$
2,807

 
$
2,023

 
$
5,860

 
$
9,151

 
$
819

 
$
187

 
$
21,811

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
286

 
$
5,110

 
$
4,833

 
$
10,424

 
$
1,445

 
$
—

 
$
—

 
$
22,098

Collectively evaluated for impairment
36,491

 
225,985

 
131,920

 
287,780

 
635,446

 
68,258

 
12,771

 
1,398,651

Balance at December 31, 2019
$
36,777

 
$
231,095

 
$
136,753

 
$
298,204

 
$
636,891

 
$
68,258

 
$
12,771

 
$1,420,749


 
Twelve Months Ended December 31, 2018
As of December 31, 2018
 
 
 
 
Real Estate Mortgage
 
 
 
 
(Dollars in thousands)
Commercial and Industrial
 
Construction
 
Commercial Owner Occupied
 
Commercial Non-owner Occupied
 
Residential 1 to 4 Family
 
Residential Multifamily

 
Consumer

 
Total
December 31, 2017
$
684

 
$
2,068

 
$
2,017

 
$
4,630

 
$
6,277

 
$
627

 
$
230

 
$
16,533

    Charge-offs
(128
)
 
(27
)
 
—

 
(49
)
 
—

 
—

 
(19
)
 
(223
)
    Recoveries
47

 
600

 
189

 
86

 
43

 
—

 
—

 
965

    Provisions
115

 
(947
)
 
(144
)
 
1,186

 
1,597

 
(6
)
 
(1
)
 
1,800

Ending Balance December 31 2018
$
718

 
$
1,694

 
$
2,062

 
$
5,853

 
$
7,917

 
$
621

 
$
210

 
$
19,075

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
14

 
$
69

 
$
36

 
$
192

 
$
299

 
$
—

 
$
—

 
$
610

Collectively evaluated for impairment
704

 
1,625

 
2,026

 
5,661

 
7,618

 
621

 
210

 
18,465

Balance at December 31, 2018
$
718

 
$
1,694

 
$
2,062

 
$
5,853

 
$
7,917

 
$
621

 
$
210

 
$
19,075

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
14

 
$
5,589

 
$
2,441

 
$
11,299

 
$
2,514

 
$
—

 
$
—

 
$
21,857

Collectively evaluated for impairment
34,626

 
134,288

 
133,176

 
310,281

 
542,877

 
49,628

 
14,424

 
1,219,300

Balance at December 31, 2018
$
34,640

 
$
139,877

 
$
135,617

 
$
321,580

 
$
545,391

 
$
49,628

 
$
14,424

 
$1,241,157
Impaired Loans
The following tables provide further detail on impaired loans and the associated ALLL at December 31, 2019 and December 31, 2018:
December 31, 2019
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
(Dollars in thousands)
With no related allowance recorded:
 
 
 
 
 
Commercial and Industrial
$
—

 
$
—

 
$
—

Construction
—

 
—

 
—

Real Estate Mortgage:
 
 
 
 
 

Commercial – Owner Occupied
2,702

 
2,702

 
—

Commercial – Non-owner Occupied
70

 
70

 
—

Residential – 1 to 4 Family
194

 
194

 
—

Residential – Multifamily
—

 
—

 
—

Consumer
—

 
—

 
—

 
2,966

 
2,966

 
—

With an allowance recorded:
 

 
 

 
 

Commercial and Industrial
286

 
292

 
286

Construction
5,110

 
9,600

 
141

Real Estate Mortgage:
 
 
 
 
 
Commercial – Owner Occupied
2,131

 
2,131

 
33

Commercial – Non-owner Occupied
10,354

 
10,355

 
457

Residential – 1 to 4 Family
1,251

 
1,251

 
211

Residential – Multifamily
—

 
—

 
—

Consumer
—

 
—

 
—

 
19,132

 
23,629

 
1,128

Total:
 

 
 

 
 

Commercial and Industrial
286

 
292

 
286

Construction
5,110

 
9,600

 
141

Real Estate Mortgage:
 

 
 

 
 

Commercial – Owner Occupied
4,833

 
4,833

 
33

Commercial – Non-owner Occupied
10,424

 
10,425

 
457

Residential – 1 to 4 Family
1,445

 
1,445

 
211

Residential – Multifamily
—

 
—

 
—

Consumer
—

 
—

 
—

 
$
22,098

 
$
26,595

 
$
1,128



December 31, 2018
Recorded Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
(Dollars in thousands)
With no related allowance recorded:
 
 
 
 
 
Commercial and Industrial
$
—

 
$
—

 
$
—

Construction:
—

 
—

 
—

Real Estate Mortgage:
 

 
 

 
 

Commercial – Owner Occupied
—

 
—

 
—

Commercial – Non-owner Occupied
—

 
—

 
—

Residential – 1 to 4 Family
1,131

 
1,131

 
—

Residential – Multifamily
—

 
—

 
—

Consumer
—

 
—

 
—

 
1,131

 
1,131

 
—

With an allowance recorded:
 

 
 

 
 

Commercial and Industrial
14

 
19

 
14

Construction:
5,589

 
10,080

 
69

Real Estate Mortgage:
 

 
 

 
 

Commercial – Owner Occupied
2,441

 
2,441

 
36

Commercial – Non-owner Occupied
11,299

 
11,299

 
192

Residential – 1 to 4 Family
1,383

 
1,383

 
299

Residential – Multifamily
—

 
—

 
—

Consumer
—

 
—

 
—

 
20,726

 
25,222

 
610

Total:
 

 
 

 
 

Commercial and Industrial
14

 
19

 
14

Construction:
5,589

 
10,080

 
69

Real Estate Mortgage:
 

 
 

 
 

Commercial – Owner Occupied
2,441

 
2,441

 
36

Commercial – Non-owner Occupied
11,299

 
11,299

 
192

Residential – 1 to 4 Family
2,514

 
2,514

 
299

Residential – Multifamily
—

 
—

 
—

Consumer
—

 
—

 
—

 
$
21,857

 
$
26,353

 
$
610


The following table presents by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the years ended December 31, 2019 and 2018:

 
Year Ended December 31,
 
2019
 
2018
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
(Dollars in thousands)
Commercial and Industrial
$
127

 
$
18

 
$
15

 
$
1

Commercial
5,350

 
173

 
5,781

 
191

Real Estate Mortgage:
 

 
 

 
 

 
 

Commercial – Owner Occupied
3,956

 
126

 
3,372

 
134

Commercial – Non-owner Occupied
11,275

 
624

 
11,850

 
606

Residential – 1 to 4 Family
2,273

 
36

 
2,704

 
74

Residential – Multifamily
—

 
—

 
—

 
—

Consumer
—

 
—

 
16

 
—

Total
$
22,981

 
$
977

 
$
23,738

 
$
1,006
Analysis of Credit Risk Profile by Internally Assigned Grades
An analysis of the credit risk profile by internally assigned grades as of December 31, 2019 and 2018, is as follows:
At December 31, 2019
Pass
 
OAEM
 
Substandard
 
Doubtful
 
Total
 
(Dollars in thousands)
Commercial and Industrial
$
36,491

 
$
—

 
$
286

 
$
—

 
$
36,777

Construction
219,289

 
4,275

 
7,531

 
—

 
231,095

Real Estate Mortgage:
 

 
 

 
 

 
 

 
 

Commercial – Owner Occupied
134,051

 
—

 
2,702

 
—

 
136,753

Commercial – Non-owner Occupied
298,006

 
—

 
198

 
—

 
298,204

Residential – 1 to 4 Family
634,937

 
920

 
1,034

 
—

 
636,891

Residential – Multifamily
68,258

 
—

 
—

 
—

 
68,258

Consumer
12,771

 
—

 
—

 
—

 
12,771

Total
$
1,403,803

 
$
5,195

 
$
11,751

 
$
—

 
$
1,420,749


At December 31, 2018
Pass
 
OAEM
 
Substandard
 
Doubtful
 
Total
 
(Dollars in thousands)
Commercial and Industrial
$
34,626

 
$
—

 
$
14

 
$
—

 
$
34,640

Construction:
127,523

 
4,503

 
7,851

 
—

 
139,877

Real Estate Mortgage:
 

 
 

 
 

 
 

 
 

Commercial – Owner Occupied
135,617

 
—

 
—

 
—

 
135,617

Commercial – Non-owner Occupied
321,446

 
—

 
134

 
—

 
321,580

Residential – 1 to 4 Family
542,865

 
719

 
1,807

 
—

 
545,391

Residential – Multifamily
49,628

 
—

 
—

 
—

 
49,628

Consumer
14,424

 
—

 
—

 
—

 
14,424

Total
$
1,226,129

 
$
5,222

 
$
9,806

 
$
—

 
$
1,241,157
Analysis of Loans to Related Parties
An analysis of the activity of such related party loans for 2019 is as follows:
 
2019
 
(Dollars in thousands)
Balance, beginning of year
$
13,079

Advances
467

Less: repayments
(1,467
)
Balance, end of year
$
12,079