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Loans and Allowance For Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]  
Summary of Outstanding Loans
3. LOANS AND ALLOWANCE FOR LOAN LOSSES
Outstanding loans as of March 31, 2020 and December 31, 2019 are summarized below. Certain loans have been pledged to secure borrowing arrangements (see Note 4).
 
(Dollars in thousands)
  March 31,
2020		   December 31,
2019		 
Commercial and industrial
   416,308    389,746 
Real estate—construction and land
   41,697    42,519 
Real estate—other
   496,765    502,929 
Real estate—HELOC
   995    982 
Installment and other
   13,180    13,476 
  
 
 
   
 
 
 
Total loans, gross
   968,945    949,652 
Deferred loan origination costs, net
   2,902    2,555 
Allowance for loan losses
   (11,565)    (11,075) 
  
 
 
   
 
 
 
Total loans, net
   960,282    941,132 
  
 
 
   
 
 
 
Summary of Information Related to Impaired Loans
The following table reflects information related to impaired loans as of March 31, 2020 and December 31, 2019.
 
(Dollars in thousands)
  Recorded
Investment		   Unpaid
Principal
Balance		   Related
Allowance		   Average
Recorded
Investment		   Interest
Income
Recognized		 
As of March 31, 2020
          
With no related allowance recorded:
          
Commercial and industrial
  $1,677   $1,685   $—    $1,728   $35 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
  $3,782   $5,682   $
1,187
  $5,715   $25 
Installment and other
  $356   $631   $
110
  $1,925   $—
Total:
          
Commercial and industrial
  $5,459   $7,367   $650   $7,443   $60 
Installment and other
  $356   $631   $110   $1,925   $— 
      
As of December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
  $1,847   $1,860   $—   $1,282   $68 
Real estate- other
  $689   $687   $—  $700   $52 
Installment and other
  $291   $294   $—   $1,723   $— 
With an allowance recorded:
          
Commercial and industrial
  $2,725   $4,623   $
600
  $4,620   $56 
Installment and other
 
$
41
 
 
$
200
 
 
$
50
 
 
$
203
 
 
$
15
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
  $4,572   $6,483   $600   $5,902   $124 
Real estate- other
  $689   $687   $—   $700   $52 
Installment and other
 
$
332
 
 
$
494
 
 
$
50
 
 
$
1,926
 
 
$
15
 
Loans Receivable [Member]  
Loans and Leases Receivable Disclosure [Line Items]  
Summary of Financing Receivable and Related Impairment Methodology
The following table reflects gross loans by portfolio segment and the related impairment methodology as of March 31, 2020 and December 31, 2019.
 
(Dollars in thousands)
  Commercial
and
Industrial		   Real Estate
Construction
and Land		   Real Estate
Other		   Real Estate
HELOC		   Installment
and Other		   Total 
As of March 31, 2020
            
Loans individually evaluated for impairment
  $5,440   $—   $—   $—   $344   $5,784 
Loans collectively evaluated for impairment
   410,868    
41,697
   496,765   
995
   12,836    963,161 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total loans
  $416,308   $41,697   $496,765   $995   $13,180   $968,945 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
As of December 31, 2019
            
Loans individually evaluated for impairment
  $4,572   $—   $687   $—   $344   $5,603 
Loans collectively evaluated for impairment
   385,174    
42,519
   
502,242
   
982
   
13,132
   944,049 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total loans
  $389,746   $42,519   $502,929   $982   $13,476   $949,652 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Summary of Allowance for Loan Losses
 
The following table reflects the changes in, and allocation of, the allowance for loan losses by portfolio segment as of March 31, 2020 and March 31, 2019.
 
(Dollars in thousands)
  Commercial
and
Industrial		   Real Estate
Construction
and Land		  Real Estate
Other		  Real Estate
HELOC		  Installment
and Other		  Total 
Three months ended March 31, 2020
        
Beginning balance
  $6,708  $1,022  $3,281  $6  $58  $11,075 
Provision for loan losses
   1,045   (292)   (620)   (1)   268   400 
Charge-offs
   —   —     —     —     —   — 
Recoveries
   90   —     —     —     —     90 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Ending balance
  $7,843  $730  $2,661  $5  $326  $11,565 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Individually evaluated for impairment
  $1,187  $—   $—   $—   $
110
  $1,297 
Collectively evaluated for impairment
   6,656    730   2,661   5   216   10,268 
  
 
 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
  $7,843  $730  $2,661  $5  $326  $11,565 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Three months ended March 31, 2019
        
Beginning balance
  $5,578  $1,493   $3,703   $16  $10  $10,800 
Provision for loan losses
   378   (373)    448    (6)   134   581 
Charge-offs
   —     —      —      —     
(137
)
  
(137
)
 
Recoveries
   6   —      —      —     —     6 
  
 
 
  
 
 
   
 
 
   
 
 
  
 
 
  
 
 
 
Ending balance
  $5,962  $1,120   $4,151   $10  $7  $11,250 
  
 
 
  
 
 
   
 
 
   
 
 
  
 
 
  
 
 
 
Individually evaluated for impairment
  $14  $—    $—    $—   $—   $14 
Collectively evaluated for impairment
   5,948    1,120   4,151   10   7   11,236 
  
 
 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
  $5,962  $1,120   $4,151   $10  $7  $11,250 
  
 
 
  
 
 
   
 
 
   
 
 
  
 
 
  
 
 
 
Summary of Loan Portfolio Allocated by Management's Internal Risk Ratings
The following table reflects the loan portfolio allocated by management’s internal risk ratings at March 31, 2020 and December 31, 2019.
 
(Dollars in thousands)
  Commercial
and
Industrial		   Real Estate
Construction
and Land		   Real Estate
Other		   Real Estate
HELOC		   Installment
and Other		   Total 
As of March 31, 2020
            
Grade:
            
Pass
  $399,304   $39,919   $486,959   $995   $10,584   $937,761 
Special Mention
   7,254    —    5,188    —      1,495    13,937 
Substandard
   9,750    
1,778
    4,618    —      1,101    17,247 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total
  $416,308   $41,697   $496,765   $995   $13,180   $968,945 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
As of December 31, 2019
            
Grade:
            
Pass
  $378,327   $40,731   $494,314   $982   $11,382   $925,736 
Special Mention
   6,894    
1,788
    
7,928
    —      
1,655
    18,265 
Substandard
   4,525    —      687    —      
439
    5,651 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total
  $389,746   $42,519   $502,929   $982   $13,476   $949,652 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
 
Summary of Aging Analysis of the Loan Portfolio by the Time Past Due
The following table reflects an aging analysis of the loan portfolio by the time past due at March 31, 2020 and December 31, 2019.
 
(Dollars in thousands)
  30 Days   60 Days   90+ Days   
Non-Accrual
   Current   Total 
As of March 31, 2020
          
Commercial and industrial
  $—    $—   $—    $2,306 $414,002   $416,308 
Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land
   —      —      —      —    41,697    41,697 
Other
   —      —      —      —    496,765    496,765 
HELOC
   —      —      —      —    995    995 
Installment and other
   —      —      —      344 12,836    13,180 
  
 
 
   
 
 
   
 
 
   
 
 
 
 
 
   
 
 
 
Total loans, gross
  $—    $—   $—    $2,650 $966,295   $968,945 
  
 
 
   
 
 
   
 
 
   
 
 
 
 
 
   
 
 
 
As of December 31, 2019
      
 
  
Commercial and industrial
  $—    $
1,440
  $—  $2,409
 
$385,897   $389,746 
Real estate:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land
   —      —      —   
 
 —  
 
 42,519    42,519 
Other
   —      —      —   
 
 —  
 
 502,929    502,929 
HELOC
   —      —      —   
 
 —  
 
 982    982 
Installment and other
   —      —      —   
 
 
344
 
 13,132    13,476 
  
 
 
   
 
 
   
 
 
 
 
 
 
 
 
 
   
 
 
 
Total loans, gross
  $—    $
1,440
  $—  $2,753
 
$945,459   $949,652