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Loans (Tables)
 3 Months Ended
Mar. 31, 2019
Loans [Abstract]  
Analysis of Allowance for Loan Losses by Portfolio Segment
An analysis of the allowance for loan losses by portfolio segment for the three months ended March 31, follows:

  
Commercial
  
Mortgage
  
Installment
  
Subjective
Allocation
  
Total
 
  
(In thousands)
 
2019
               
Balance at beginning of period
 
$
7,090
  
$
7,978
  
$
895
  
$
8,925
  
$
24,888
 
Additions (deductions)
                    
Provision for loan losses
  
420
   
573
   
523
   
(852
)
  
664
 
Recoveries credited to the allowance
  
127
   
224
   
217
   
-
   
568
 
Loans charged against the allowance
  
(119
)
  
(363
)
  
(384
)
  
-
   
(866
)
Balance at end of period
 
$
7,518
  
$
8,412
  
$
1,251
  
$
8,073
  
$
25,254
 
                     
2018
                    
Balance at beginning of period
 
$
5,595
  
$
8,733
  
$
864
  
$
7,395
  
$
22,587
 
Additions (deductions)
                    
Provision for loan losses
  
(135
)
  
147
   
69
   
234
   
315
 
Recoveries credited to the allowance
  
606
   
180
   
228
   
-
   
1,014
 
Loans charged against the allowance
  
(40
)
  
(439
)
  
(366
)
  
-
   
(845
)
Balance at end of period
 
$
6,026
  
$
8,621
  
$
795
  
$
7,629
  
$
23,071
 
Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment
Allowance for loan losses and recorded investment in loans by portfolio segment follows:

  
Commercial
  
Mortgage
  
Installment
  
Subjective
Allocation
  
Total
 
  
(In thousands)
 
March 31, 2019
               
Allowance for loan losses:
               
Individually evaluated for impairment
 
$
1,204
  
$
5,159
  
$
323
  
$
-
  
$
6,686
 
Collectively evaluated for impairment
  
6,314
   
3,253
   
928
   
8,073
   
18,568
 
Loans acquired with deteriorated credit quality
  
-
   
-
   
-
   
-
   
-
 
Total ending allowance for loan losses balance
 
$
7,518
  
$
8,412
  
$
1,251
  
$
8,073
  
$
25,254
 
                     
Loans
                    
Individually evaluated for impairment
 
$
7,928
  
$
46,315
  
$
3,523
      
$
57,766
 
Collectively evaluated for impairment
  
1,162,376
   
1,001,146
   
403,881
       
2,567,403
 
Loans acquired with deteriorated credit quality
  
1,537
   
546
   
326
       
2,409
 
Total loans recorded investment
  
1,171,841
   
1,048,007
   
407,730
       
2,627,578
 
Accrued interest included in recorded investment
  
3,437
   
4,262
   
1,084
       
8,783
 
Total loans
 
$
1,168,404
  
$
1,043,745
  
$
406,646
      
$
2,618,795
 
                     
December 31, 2018
                    
Allowance for loan losses:
                    
Individually evaluated for impairment
 
$
1,305
  
$
4,799
  
$
206
  
$
-
  
$
6,310
 
Collectively evaluated for impairment
  
5,785
   
3,179
   
689
   
8,925
   
18,578
 
Loans acquired with deteriorated credit quality
  
-
   
-
   
-
   
-
   
-
 
Total ending allowance for loan losses balance
 
$
7,090
  
$
7,978
  
$
895
  
$
8,925
  
$
24,888
 
                     
Loans
                    
Individually evaluated for impairment
 
$
8,697
  
$
46,394
  
$
3,370
      
$
58,461
 
Collectively evaluated for impairment
  
1,137,586
   
1,000,038
   
392,460
       
2,530,084
 
Loans acquired with deteriorated credit quality
  
1,609
   
555
   
349
       
2,513
 
Total loans recorded investment
  
1,147,892
   
1,046,987
   
396,179
       
2,591,058
 
Accrued interest included in recorded investment
  
3,411
   
4,097
   
1,030
       
8,538
 
Total loans
 
$
1,144,481
  
$
1,042,890
  
$
395,149
      
$
2,582,520
 
Loans on Non-Accrual Status and Past Due More than 90 Days
Loans on non-accrual status and past due more than 90 days (“Non-performing Loans”) follow:

  
90+ and
Still
Accruing
  
Non-
Accrual
  
Total Non-
Performing
Loans
 
  
(In thousands)
 
March 31, 2019
         
Commercial
         
Income producing - real estate
 
$
-
  
$
-
  
$
-
 
Land, land development and construction - real estate
  
-
   
-
   
-
 
Commercial and industrial
  
-
   
1,705
   
1,705
 
Mortgage
            
1-4 family
  
-
   
4,878
   
4,878
 
Resort lending
  
-
   
508
   
508
 
Home equity - 1st lien
  
-
   
157
   
157
 
Home equity - 2nd lien
  
-
   
573
   
573
 
Installment
            
Home equity - 1st lien
  
-
   
219
   
219
 
Home equity - 2nd lien
  
-
   
234
   
234
 
Boat lending
  
-
   
359
   
359
 
Recreational vehicle lending
  
-
   
6
   
6
 
Other
  
-
   
210
   
210
 
Total recorded investment
 
$
-
  
$
8,849
  
$
8,849
 
Accrued interest included in recorded investment
 
$
-
  
$
-
  
$
-
 
December 31, 2018
            
Commercial
            
Income producing - real estate
 
$
-
  
$
-
  
$
-
 
Land, land development and construction - real estate
  
-
   
-
   
-
 
Commercial and industrial
  
-
   
2,220
   
2,220
 
Mortgage
            
1-4 family
  
5
   
4,695
   
4,700
 
Resort lending
  
-
   
755
   
755
 
Home equity - 1st lien
  
-
   
159
   
159
 
Home equity - 2nd lien
  
-
   
419
   
419
 
Installment
            
Home equity - 1st lien
  
-
   
178
   
178
 
Home equity - 2nd lien
  
-
   
226
   
226
 
Boat lending
  
-
   
166
   
166
 
Recreational vehicle lending
  
-
   
7
   
7
 
Other
  
-
   
204
   
204
 
Total recorded investment
 
$
5
  
$
9,029
  
$
9,034
 
Accrued interest included in recorded investment
 
$
-
  
$
-
  
$
-
 
Aging Analysis of Loans by Class
An aging analysis of loans by class follows:


 
Loans Past Due
  
Loans not
  
Total
 
  
30-59 days
  
60-89 days
  
90+ days
  
Total
  
Past Due
  
Loans
 
  
(In thousands)
 
March 31, 2019
                  
Commercial
                  
Income producing - real estate
 
$
-
  
$
-
  
$
-
  
$
-
  
$
398,191
  
$
398,191
 
Land, land development and construction - real estate
  
-
   
-
   
-
   
-
   
84,861
   
84,861
 
Commercial and industrial
  
40
   
-
   
5
   
45
   
688,744
   
688,789
 
Mortgage
                        
1-4 family
  
3,295
   
833
   
5,058
   
9,186
   
803,882
   
813,068
 
Resort lending
  
321
   
84
   
508
   
913
   
77,315
   
78,228
 
Home equity - 1st lien
  
99
   
17
   
157
   
273
   
36,966
   
37,239
 
Home equity - 2nd lien
  
228
   
95
   
573
   
896
   
118,576
   
119,472
 
Installment
                        
Home equity - 1st lien
  
36
   
2
   
219
   
257
   
6,631
   
6,888
 
Home equity - 2nd lien
  
150
   
-
   
234
   
384
   
6,043
   
6,427
 
Boat lending
  
206
   
19
   
359
   
584
   
175,005
   
175,589
 
Recreational vehicle lending
  
76
   
-
   
6
   
82
   
130,016
   
130,098
 
Other
  
183
   
101
   
210
   
494
   
88,234
   
88,728
 
Total recorded investment
 
$
4,634
  
$
1,151
  
$
7,329
  
$
13,114
  
$
2,614,464
  
$
2,627,578
 
Accrued interest included in recorded investment
 
$
63
  
$
19
  
$
-
  
$
82
  
$
8,701
  
$
8,783
 
December 31, 2018
                        
Commercial
                        
Income producing - real estate
 
$
44
  
$
-
  
$
-
  
$
44
  
$
388,729
  
$
388,773
 
Land, land development and construction - real estate
  
-
   
-
   
-
   
-
   
84,458
   
84,458
 
Commercial and industrial
  
1,538
   
-
   
-
   
1,538
   
673,123
   
674,661
 
Mortgage
                        
1-4 family
  
1,608
   
194
   
4,882
   
6,684
   
833,760
   
840,444
 
Resort lending
  
252
   
-
   
755
   
1,007
   
80,774
   
81,781
 
Home equity - 1st lien
  
176
   
-
   
159
   
335
   
38,909
   
39,244
 
Home equity - 2nd lien
  
446
   
100
   
419
   
965
   
84,553
   
85,518
 
Installment
                        
Home equity - 1st lien
  
200
   
55
   
197
   
452
   
6,985
   
7,437
 
Home equity - 2nd lien
  
111
   
24
   
226
   
361
   
6,683
   
7,044
 
Boat lending
  
316
   
295
   
166
   
777
   
169,117
   
169,894
 
Recreational vehicle lending
  
28
   
21
   
7
   
56
   
125,780
   
125,836
 
Other
  
241
   
131
   
204
   
576
   
85,392
   
85,968
 
Total recorded investment
 
$
4,960
  
$
820
  
$
7,015
  
$
12,795
  
$
2,578,263
  
$
2,591,058
 
Accrued interest included in recorded investment
 
$
44
  
$
11
  
$
-
  
$
55
  
$
8,483
  
$
8,538
 
Impaired Loans
Impaired loans are as follows:

  
March 31,
2019
  
December 31,
2018
 
Impaired loans with no allocated allowance for loan losses
 
(In thousands)
 
Troubled debt restructurings ("TDR")
 
$
317
  
$
-
 
Non - TDR
  
798
   
-
 
Impaired loans with an allocated allowance for loan losses
        
TDR - allowance based on collateral
  
2,103
   
2,787
 
TDR - allowance based on present value cash flow
  
50,940
   
53,258
 
Non - TDR - allowance based on collateral
  
3,353
   
2,145
 
Total impaired loans
 
$
57,511
  
$
58,190
 
         
Amount of allowance for loan losses allocated
        
TDR - allowance based on collateral
 
$
472
  
$
769
 
TDR - allowance based on present value cash flow
  
4,944
   
4,849
 
Non - TDR - allowance based on collateral
  
1,270
   
692
 
Total amount of allowance for loan losses allocated
 
$
6,686
  
$
6,310
 

Impaired loans by class  are as follows:

  
March 31, 2019
  
December 31, 2018
 
  
Recorded
Investment
  
Unpaid
Principal
Balance
  
Related
Allowance
For Loan
Losses
  
Recorded
Investment
  
Unpaid
Principal
Balance
  
Related
Allowance
For Loan
Losses
 
With no related allowance for loan losses recorded:
 
(In thousands)
    
Commercial
                  
Income producing - real estate
 
$
-
  
$
-
  
$
-
  
$
-
  
$
-
  
$
-
 
Land, land development & construction-real estate
  
-
   
-
   
-
   
-
   
-
   
-
 
Commercial and industrial
  
-
   
-
   
-
   
-
   
-
   
-
 
Mortgage
                        
1-4 family
  
355
   
670
   
-
   
3
   
474
   
-
 
Resort lending
  
-
   
-
   
-
   
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Installment
                        
Home equity - 1st lien
  
-
   
-
   
-
   
1
   
122
   
-
 
Home equity - 2nd lien
  
-
   
18
   
-
   
-
   
-
   
-
 
Boat lending
  
-
   
5
   
-
   
-
   
5
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
   
-
   
-
   
-
 
Other
  
-
   
15
   
-
   
-
   
15
   
-
 
   
355
   
708
   
-
   
4
   
616
   
-
 
With an allowance for loan losses recorded:
                        
Commercial
                        
Income producing - real estate
  
4,720
   
4,712
   
423
   
4,770
   
4,758
   
303
 
Land, land development & construction-real estate
  
290
   
288
   
31
   
290
   
289
   
35
 
Commercial and industrial
  
2,918
   
3,175
   
750
   
3,637
   
3,735
   
967
 
Mortgage
                        
1-4 family
  
32,317
   
34,514
   
3,648
   
32,842
   
34,427
   
2,859
 
Resort lending
  
12,967
   
13,179
   
1,366
   
13,328
   
13,354
   
1,927
 
Home equity - 1st lien
  
118
   
119
   
23
   
65
   
64
   
4
 
Home equity - 2nd lien
  
558
   
573
   
122
   
156
   
155
   
9
 
Installment
                        
Home equity - 1st lien
  
1,387
   
1,568
   
101
   
1,440
   
1,524
   
89
 
Home equity - 2nd lien
  
1,472
   
1,479
   
107
   
1,471
   
1,491
   
92
 
Boat lending
  
101
   
166
   
36
   
-
   
-
   
-
 
Recreational vehicle lending
  
82
   
90
   
7
   
79
   
79
   
4
 
Other
  
481
   
538
   
72
   
379
   
406
   
21
 
   
57,411
   
60,401
   
6,686
   
58,457
   
60,282
   
6,310
 
Total
                        
Commercial
                        
Income producing - real estate
  
4,720
   
4,712
   
423
   
4,770
   
4,758
   
303
 
Land, land development & construction-real estate
  
290
   
288
   
31
   
290
   
289
   
35
 
Commercial and industrial
  
2,918
   
3,175
   
750
   
3,637
   
3,735
   
967
 
Mortgage
                        
1-4 family
  
32,672
   
35,184
   
3,648
   
32,845
   
34,901
   
2,859
 
Resort lending
  
12,967
   
13,179
   
1,366
   
13,328
   
13,354
   
1,927
 
Home equity - 1st lien
  
118
   
119
   
23
   
65
   
64
   
4
 
Home equity - 2nd lien
  
558
   
573
   
122
   
156
   
155
   
9
 
Installment
                        
Home equity - 1st lien
  
1,387
   
1,568
   
101
   
1,441
   
1,646
   
89
 
Home equity - 2nd lien
  
1,472
   
1,497
   
107
   
1,471
   
1,491
   
92
 
Boat lending
  
101
   
171
   
36
   
-
   
5
   
-
 
Recreational vehicle lending
  
82
   
90
   
7
   
79
   
79
   
4
 
Other
  
481
   
553
   
72
   
379
   
421
   
21
 
Total
 
$
57,766
  
$
61,109
  
$
6,686
  
$
58,461
  
$
60,898
  
$
6,310
 
                         
Accrued interest included in recorded investment
 
$
255
          
$
271
         
Average Recorded Investment in and Interest Income Earned on Impaired Loans by Class
Average recorded investment in and interest income earned on impaired loans by class for the three month periods ending March 31, follows:

  
2019
  
2018
 
  
Average
Recorded
Investment
  
Interest
Income
Recognized
  
Average
Recorded
Investment
  
Interest
Income
Recognized
 
With no related allowance for loan losses recorded:
 
(In thousands)
 
Commercial
            
Income producing - real estate
 
$
-
  
$
-
  
$
-
  
$
-
 
Land, land development & construction-real estate
  
-
   
-
   
-
   
-
 
Commercial and industrial
  
-
   
-
   
520
   
4
 
Mortgage
                
1-4 family
  
179
   
-
   
19
   
6
 
Resort lending
  
-
   
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Installment
                
Home equity - 1st lien
  
1
   
-
   
1
   
2
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Boat lending
  
-
   
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
   
-
 
Other
  
-
   
-
   
-
   
-
 
   
180
   
-
   
540
   
12
 
With an allowance for loan losses recorded:
                
Commercial
                
Income producing - real estate
  
4,745
   
65
   
5,187
   
68
 
Land, land development & construction-real estate
  
290
   
2
   
161
   
2
 
Commercial and industrial
  
3,278
   
20
   
2,517
   
32
 
Mortgage
                
1-4 family
  
32,580
   
446
   
36,367
   
458
 
Resort lending
  
13,148
   
175
   
15,779
   
164
 
Home equity - 1st lien
  
92
   
1
   
164
   
2
 
Home equity - 2nd lien
  
357
   
3
   
178
   
2
 
Installment
                
Home equity - 1st lien
  
1,414
   
24
   
1,645
   
29
 
Home equity - 2nd lien
  
1,472
   
22
   
1,777
   
27
 
Boat lending
  
51
   
-
   
1
   
-
 
Recreational vehicle lending
  
81
   
1
   
89
   
1
 
Other
  
430
   
6
   
406
   
6
 
   
57,938
   
765
   
64,271
   
791
 
Total
                
Commercial
                
Income producing - real estate
  
4,745
   
65
   
5,187
   
68
 
Land, land development & construction-real estate
  
290
   
2
   
161
   
2
 
Commercial and industrial
  
3,278
   
20
   
3,037
   
36
 
Mortgage
                
1-4 family
  
32,759
   
446
   
36,386
   
464
 
Resort lending
  
13,148
   
175
   
15,779
   
164
 
Home equity - 1st lien
  
92
   
1
   
164
   
2
 
Home equity - 2nd lien
  
357
   
3
   
178
   
2
 
Installment
                
Home equity - 1st lien
  
1,415
   
24
   
1,646
   
31
 
Home equity - 2nd lien
  
1,472
   
22
   
1,777
   
27
 
Boat lending
  
51
   
-
   
1
   
-
 
Recreational vehicle lending
  
81
   
1
   
89
   
1
 
Other
  
430
   
6
   
406
   
6
 
Total
 
$
58,118
  
$
765
  
$
64,811
  
$
803
 
Troubled Debt Restructurings
Cash receipts on impaired loans on non-accrual status are generally applied to the principal balance.

TDRs follow:
 
  
March 31, 2019
 
  
Commercial
  
Retail (1)
    
Total
 
  

   
(In thousands)
       
Performing TDRs
 
$
6,209
  
$
44,427
    
$
50,636
 
Non-performing TDRs(2)
  
67
   
2,657
  
(3) 
  
2,724
 
Total
 
$
6,276
  
$
47,084
    
$
53,360
 
               
  
December 31, 2018
 
  
Commercial
  
Retail (1)
    
Total
 
  

   
(In thousands)
       
Performing TDRs
 
$
6,460
  
$
46,627
    
$
53,087
 
Non-performing TDRs(2)
  
74
   
2,884
  
(3) 
  
2,958
 
Total
 
$
6,534
  
$
49,511
    
$
56,045
 

(1)
Retail loans include mortgage and installment loan segments.
(2)
Included in non-performing loans table above.
(3)
Also includes loans on non-accrual at the time of modification until six payments are received on a timely basis.
Troubled Debt Restructuring During the Period
Loans that have been classified as troubled debt restructurings during the three-month periods ended March 31 follow:

  
Number of
Contracts
  
Pre-modification
Recorded
Balance
  
Post-modification
Recorded
Balance
 
  
(Dollars in thousands)
 
2019
         
Commercial
         
Income producing - real estate
  
-
  
$
-
  
$
-
 
Land, land development & construction-real estate
  
-
   
-
   
-
 
Commercial and industrial
  
1
   
49
   
49
 
Mortgage
            
1-4 family
  
1
   
281
   
281
 
Resort lending
  
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
1
   
24
   
25
 
Home equity - 2nd lien
  
1
   
36
   
36
 
Boat lending
  
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
 
Other
  
-
   
-
   
-
 
Total
  
4
  
$
390
  
$
391
 
             
2018
            
Commercial
            
Income producing - real estate
  
1
  
$
67
  
$
67
 
Land, land development & construction-real estate
  
-
   
-
   
-
 
Commercial and industrial
  
3
   
434
   
434
 
Mortgage
            
1-4 family
  
3
   
228
   
211
 
Resort lending
  
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
3
   
98
   
99
 
Home equity - 2nd lien
  
1
   
61
   
61
 
Boat lending
  
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
 
Other
  
1
   
35
   
32
 
Total
  
12
  
$
923
  
$
904
 
Loan Ratings by Loan Class
The following table summarizes loan ratings by loan class for our commercial loan segment:

  
Commercial
 
  
Non-watch
1-6
  
Watch
7-8
  
Substandard
Accrual
9
  
Non-
Accrual
10-11
  
Total
 
        
(In thousands)
       
March 31, 2019
               
Income producing - real estate
 
$
383,117
  
$
14,603
  
$
471
  
$
-
  
$
398,191
 
Land, land development and  construction - real estate
  
78,062
   
6,790
   
9
   
-
   
84,861
 
Commercial and industrial
  
646,199
   
36,246
   
4,639
   
1,705
   
688,789
 
Total
 
$
1,107,378
  
$
57,639
  
$
5,119
  
$
1,705
  
$
1,171,841
 
Accrued interest included in total
 
$
3,207
  
$
215
  
$
15
  
$
-
  
$
3,437
 
                     
December 31, 2018
                    
Income producing - real estate
 
$
375,142
  
$
13,387
  
$
200
  
$
44
  
$
388,773
 
Land, land development and  construction - real estate
  
76,120
   
8,328
   
-
   
10
   
84,458
 
Commercial and industrial
  
631,248
   
35,469
   
5,577
   
2,367
   
674,661
 
Total
 
$
1,082,510
  
$
57,184
  
$
5,777
  
$
2,421
  
$
1,147,892
 
Accrued interest included in total
 
$
3,107
  
$
174
  
$
130
  
$
-
  
$
3,411
 
The following tables summarize credit scores by loan class for our mortgage and installment loan segments:

   
Mortgage (1)
 
   
1-4 Family
  
Resort
Lending
  
Home
Equity
1st Lien
  
Home
Equity
2nd Lien
  
Total
 
 
(In thousands)
 
March 31, 2019
                
800 and above
  
$
89,359
  
$
10,921
  
$
6,788
  
$
11,435
  
$
118,503
 
750-799
   
365,405
   
34,625
   
15,976
   
53,549
   
469,555
 
700-749
   
199,489
   
16,177
   
9,063
   
35,201
   
259,930
 
650-699
   
93,517
   
9,853
   
3,673
   
12,091
   
119,134
 
600-649
   
34,459
   
2,926
   
811
   
4,041
   
42,237
 
550-599
   
12,701
   
1,673
   
425
   
1,329
   
16,128
 
500-549
   
8,341
   
105
   
408
   
887
   
9,741
 
Under 500
   
2,575
   
141
   
95
   
380
   
3,191
 
Unknown
   
7,222
   
1,807
   
-
   
559
   
9,588
 
Total
  
$
813,068
  
$
78,228
  
$
37,239
  
$
119,472
  
$
1,048,007
 
Accrued interest included in total
  
$
3,220
  
$
386
  
$
177
  
$
479
  
$
4,262
 
                      
December 31, 2018
                     
800 and above
  
$
94,492
  
$
10,898
  
$
6,784
  
$
8,838
  
$
121,012
 
750-799
   
384,344
   
36,542
   
17,303
   
38,295
   
476,484
 
700-749
   
202,440
   
17,282
   
9,155
   
23,249
   
252,126
 
650-699
   
91,847
   
9,945
   
3,987
   
8,681
   
114,460
 
600-649
   
34,342
   
3,088
   
959
   
3,359
   
41,748
 
550-599
   
13,771
   
1,867
   
427
   
1,236
   
17,301
 
500-549
   
8,439
   
106
   
418
   
826
   
9,789
 
Under 500
   
2,533
   
143
   
98
   
381
   
3,155
 
Unknown
   
8,236
   
1,910
   
113
   
653
   
10,912
 
Total
  
$
840,444
  
$
81,781
  
$
39,244
  
$
85,518
  
$
1,046,987
 
Accrued interest included in total
  
$
3,079
  
$
363
  
$
199
  
$
456
  
$
4,097
 

(1)
Credit scores have been updated within the last twelve months.
Purchase Credit Impaired (PCI) Loans
For these loans that meet the criteria of ASC 310-30 treatment, the carrying amount was as follows:

  
March 31,
2019
  
December 31,
2018
 
  
(In thousands)
 
Commercial
 
$
1,537
  
$
1,609
 
Mortgage
  
546
   
555
 
Installment
  
326
   
349
 
Total carrying amount
  
2,409
   
2,513
 
Allowance for loan losses
  
-
   
-
 
Carrying amount, net of allowance for loan losses
 
$
2,409
  
$
2,513
 
Accretable yield of PCI loans, or income expected to be collected follows:

  
Three months ended
March 31,
 
  
2019
  
2018
 
  
(unaudited)
 
  
(In thousands)
 
       
Balance at beginning of period
 
$
462
  
$
-
 
New loans purchased
  
-
   
-
 
Accretion of income
  
(39
)
  
-
 
Reclassification from (to) nonaccretable difference
  
365
   
-
 
Displosals/other adjustments
  
-
   
-
 
Balance at end of period
 
$
788
  
$
-