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Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2019
Allowance for Loan Losses [Abstract]  
Internal Risk Rating Grades

The following represents the loan portfolio designated by the internal risk ratings assigned to each credit as of June 30, 2019 and December 31, 2018 (dollars in thousands). There were no loans rated “Doubtful” as of either period.

                    Special     Sub-    
June 30, 2019 Excellent Good Pass Watch   Mention   standard TOTAL
Commercial
Commercial and industrial - organic $ 2,457 $ 20,638 $ 15,672 $ 176 $ - $ 433 $ 39,376
Commercial and industrial - government guaranteed 35,143 - - - - - 35,143
Commercial and industrial - syndicated - - 9,560 - - 2,531 12,091
Real estate construction
Residential construction - - 1,021 - - - 1,021
Commercial construction - - 3,663 - - - 3,663
Land and land development - - 8,675 484 - 477 9,636
Real estate mortgages
1-4 family residential, first lien, investment - - 36,600 3,827 114 266 40,807
1-4 family residential, first lien, owner occupied - - 15,181 1,060 9 54 16,304
1-4 family residential, junior lien - - 2,357 39 20 478 2,894
1-4 family residential, first lien - purchased - - 18,451 - - - 18,451
Home equity lines of credit, first lien - - 7,866 338 - 340 8,544
Home equity lines of credit, junior lien - - 9,291 99 - 82 9,472
Farm - - 7,652 328 - 1,318 9,298
Multifamily - - 24,432 - - - 24,432
Commercial owner occupied - - 86,398 6,828 - 2,060 95,286
Commercial non-owner occupied - - 113,143 2,684 - 1,063 116,890
Consumer
Consumer revolving credit 75 23,786 469 11 - - 24,341
Consumer all other credit 245 3,430 492 2 - 27 4,196
Student loans purchased - - 47,392 2,109 347 70 49,918
Total Loans $      37,920 $      47,854 $      408,315 $      17,985 $      490 $      9,199 $      521,763
 
  Special Sub-
December 31, 2018 Excellent Good Pass Watch   Mention   standard TOTAL
Commercial
Commercial and industrial - organic $ 3,692 $ 23,381 $ 13,993 $ 264 $ 28 $ 168 $ 41,526
Commercial and industrial - government guaranteed 31,367 - - - - - 31,367
Commercial and industrial - syndicated - - 9,588 - - 2,546 12,134
Real estate construction
Residential construction - - 1,552 - - - 1,552
Commercial construction - - 5,078 - - - 5,078
Land and land development - - 9,888 501 - 505 10,894
Real estate mortgages
1-4 family residential, first lien, investment - - 36,314 3,607 117 273 40,311
1-4 family residential, first lien, owner occupied - - 15,540 1,087 11 137 16,775
1-4 family residential, junior lien - - 2,573 58 22 516 3,169
1-4 family residential, first lien - purchased - - 18,647 - - - 18,647
Home equity lines of credit, first lien - - 7,911 414 - - 8,325
Home equity lines of credit, junior lien - - 10,704 97 - 111 10,912
Farm - - 8,719 339 - 1,339 10,397
Multifamily - - 27,328 - - - 27,328
Commercial owner occupied - - 86,868 6,932 - - 93,800
Commercial non-owner occupied - - 120,720 1,519 - 975 123,214
Consumer
Consumer revolving credit 44 20,852 644 - - - 21,540
Consumer all other credit 263 4,699 535 4 - 29 5,530
Student loans purchased - - 51,494 2,401 431 365 54,691
Total Loans $ 35,366 $ 48,932 $ 428,096 $ 17,223 $ 609 $ 6,964 $ 537,190
Summary of Transactions in Allowance for Loan Losses by Loan Portfolio Segment

A summary of the transactions in the Allowance for Loan Losses by loan portfolio segment for the six months ended June 30, 2019 and the year ended December 31, 2018 appears below (dollars in thousands):

Allowance for Loan Losses Rollforward by Portfolio Segment
As of and for the period ended June 30, 2019
Real Estate
      Commercial       Construction       Real Estate       Consumer      
Loans and Land Mortgages Loans Total
Allowance for Loan Losses:
Balance as of January 1, 2019 $ 811 $ 119 $ 2,611 $ 1,350 $ 4,891
Charge-offs - - - (823 ) (823 )
Recoveries 35 - 15 79 129
Provision for (recovery of) loan losses 2 (18 ) 16 620 620
Ending Balance $ 848 $ 101 $ 2,642 $ 1,226 $ 4,817
 
Ending Balance:
Individually evaluated for impairment $ - $ - $ - $ 51 $ 51
Collectively evaluated for impairment 848 101 2,642 1,175 4,766
 
Loans:
Individually evaluated for impairment $ - $ 28 $ 1,025 $ 1,591 $ 2,644
Collectively evaluated for impairment 86,610 14,292 341,353 76,864 519,119
Ending Balance $ 86,610 $ 14,320 $ 342,378 $ 78,455 $      521,763
 
As of and for the year ended December 31, 2018
Real Estate
      Commercial       Construction       Real Estate       Consumer      
Loans and Land Mortgages Loans Total
Allowance for Loan Losses:
Balance as of January 1, 2018 $ 885 $ 206 $ 2,730 $ 222 $ 4,043
Charge-offs (75 ) - - (1,022 ) (1,097 )
Recoveries 54 - 2 16 72
Provision for (recovery of) loan losses (53 ) (87 ) (121 ) 2,134 1,873
Ending Balance $ 811 $ 119 $ 2,611 $ 1,350 $ 4,891
 
Ending Balance:
Individually evaluated for impairment $ - $ - $ - $ 90 $ 90
Collectively evaluated for impairment 811 119 2,611 1,260 4,801
 
Loans:
Individually evaluated for impairment $ - $ 32 $ 1,132 $ 1,602 $ 2,766
Collectively evaluated for impairment 85,027 17,492 351,746 80,159 534,424
Ending Balance $ 85,027 $ 17,524 $ 352,878 $ 81,761 $ 537,190
Schedule of Aging of Past Due Loans

The following tables show the aging of past due loans as of June 30, 2019 and December 31, 2018. (Dollars below reported in thousands.)

Past Due Aging as of                             90 Days
June 30, 2019 30-59 60-89 90 Days or Past Due
Days Past Days Past More Past Total Past Total and Still
Due Due Due Due Current Loans Accruing
Commercial loans
Commercial and industrial - organic $ 172 $ - $ - $ 172 $ 39,204 $ 39,376 $ -
Commercial and industrial - government guaranteed - - 548 548 34,595 35,143 548
Commercial and industrial - syndicated - - - - 12,091 12,091 -
Real estate construction and land
Residential construction - - - - 1,021 1,021 -
Commercial construction - - - - 3,663 3,663 -
Land and land development - 15 - 15 9,621 9,636 -
Real estate mortgages
1-4 family residential, first lien, investment - - - - 40,807 40,807 -
1-4 family residential, first lien, owner occupied - - - - 16,304 16,304 -
1-4 family residential, junior lien - - - - 2,894 2,894 -
1-4 family residential - purchased . - - - 18,451 18,451 -
Home equity lines of credit, first lien - - - - 8,544 8,544 -
Home equity lines of credit, junior lien - - - - 9,472 9,472 -
Farm - - - - 9,298 9,298 -
Multifamily - - - - 24,432 24,432 -
Commercial owner occupied - - - - 95,286 95,286 -
Commercial non-owner occupied 3,750 - - 3,750 113,140 116,890 -
Consumer loans
Consumer revolving credit - - - - 24,341 24,341 -
Consumer all other credit - 24 - 24 4,172 4,196 -
Student loans purchased 538 407 432 1,377 48,541 49,918 69
Total Loans $ 4,460 $ 446 $ 980 $ 5,886 $     515,877 $     521,763 $ 617
 
Past Due Aging as of 90 Days
December 31, 2018 30-59 60-89 90 Days or Past Due
Days Past Days Past More Past Total Past Total and Still
Due Due Due Due Current Loans Accruing
Commercial loans
Commercial and industrial - organic $ 50 $ 172 $ - $ 222 $ 41,304 $ 41,526 $ -
Commercial and industrial - government guaranteed - - 548 548 30,819 31,367 548
Commercial and industrial - syndicated - - - - 12,134 12,134 -
Real estate construction and land
Residential construction - - - - 1,552 1,552 -
Commercial construction - - - - 5,078 5,078 -
Land and land development 1 - 15 16 10,878 10,894 15
Real estate mortgages
1-4 family residential, first lien, investment - - - - 40,311 40,311 -
1-4 family residential, first lien, owner occupied - - - - 16,775 16,775 -
1-4 family residential, junior lien - - - - 3,169 3,169 -
1-4 family residential - purchased 954 - - 954 17,693 18,647 -
Home equity lines of credit, first lien - - - - 8,325 8,325 -
Home equity lines of credit, junior lien - - - - 10,912 10,912 -
Farm - - - - 10,397 10,397 -
Multifamily - - - - 27,328 27,328 -
Commercial owner occupied - - - - 93,800 93,800 -
Commercial non-owner occupied 75 - - 75 123,139 123,214 -
Consumer loans
Consumer revolving credit - - - - 21,540 21,540 -
Consumer all other credit 4 599 - 603 4,927 5,530 -
Student loans purchased 850 463 754 2,067 52,624 54,691 332
Total Loans $ 1,934 $ 1,234 $ 1,317 $ 4,485 $ 532,705 $ 537,190 $ 895