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Loans (Tables)
 6 Months Ended
Jun. 30, 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 June 30, follows:

  
Commercial
  
Mortgage
  
Installment
  
Subjective
Allocation
  
Total
 
  
(In thousands)
 
2019
               
Balance at beginning of period
 
$
7,518
  
$
8,412
  
$
1,251
  
$
8,073
  
$
25,254
 
Additions (deductions)
                    
Provision for loan losses
  
475
   
(386
)
  
209
   
354
   
652
 
Recoveries credited to the allowance
  
378
   
327
   
184
   
-
   
889
 
Loans charged against the allowance
  
(250
)
  
(291
)
  
(351
)
  
-
   
(892
)
Balance at end of period
 
$
8,121
  
$
8,062
  
$
1,293
  
$
8,427
  
$
25,903
 
                     
2018
                    
Balance at beginning of period
 
$
6,026
  
$
8,621
  
$
795
  
$
7,629
  
$
23,071
 
Additions (deductions)
                    
Provision for loan losses
  
(362
)
  
216
   
138
   
658
   
650
 
Recoveries credited to the allowance
  
434
   
177
   
235
   
-
   
846
 
Loans charged against the allowance
  
(25
)
  
(718
)
  
(320
)
  
-
   
(1,063
)
Balance at end of period
 
$
6,073
  
$
8,296
  
$
848
  
$
8,287
  
$
23,504
 

An analysis of the allowance for loan losses by portfolio segment for the six months ended June 30, 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
  
895
   
187
   
732
   
(498
)
  
1,316
 
Recoveries credited to the allowance
  
505
   
551
   
401
   
-
   
1,457
 
Loans charged against the allowance
  
(369
)
  
(654
)
  
(735
)
  
-
   
(1,758
)
Balance at end of period
 
$
8,121
  
$
8,062
  
$
1,293
  
$
8,427
  
$
25,903
 
                     
2018
                    
Balance at beginning of period
 
$
5,595
  
$
8,733
  
$
864
  
$
7,395
  
$
22,587
 
Additions (deductions)
                    
Provision for loan losses
  
(497
)
  
363
   
207
   
892
   
965
 
Recoveries credited to the allowance
  
1,040
   
357
   
463
   
-
   
1,860
 
Loans charged against the allowance
  
(65
)
  
(1,157
)
  
(686
)
  
-
   
(1,908
)
Balance at end of period
 
$
6,073
  
$
8,296
  
$
848
  
$
8,287
  
$
23,504
 
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)
 
June 30, 2019
               
Allowance for loan losses:
               
Individually evaluated for impairment
 
$
1,047
  
$
4,715
  
$
265
  
$
-
  
$
6,027
 
Collectively evaluated for impairment
  
7,074
   
3,347
   
1,028
   
8,427
   
19,876
 
Loans acquired with deteriorated credit quality
  
-
   
-
   
-
   
-
   
-
 
Total ending allowance for loan losses balance
 
$
8,121
  
$
8,062
  
$
1,293
  
$
8,427
  
$
25,903
 
                     
Loans
                    
Individually evaluated for impairment
 
$
8,082
  
$
44,095
  
$
3,258
      
$
55,435
 
Collectively evaluated for impairment
  
1,169,792
   
1,046,177
   
441,859
       
2,657,828
 
Loans acquired with deteriorated credit quality
  
1,490
   
587
   
324
       
2,401
 
Total loans recorded investment
  
1,179,364
   
1,090,859
   
445,441
       
2,715,664
 
Accrued interest included in recorded investment
  
3,394
   
4,550
   
1,194
       
9,138
 
Total loans
 
$
1,175,970
  
$
1,086,309
  
$
444,247
      
$
2,706,526
 
                     
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)
 
June 30, 2019
         
Commercial
         
Income producing - real estate
 
$
-
  
$
-
  
$
-
 
Land, land development and construction - real estate
  
-
   
-
   
-
 
Commercial and industrial
  
-
   
803
   
803
 
Mortgage
            
1-4 family
  
-
   
4,142
   
4,142
 
Resort lending
  
-
   
720
   
720
 
Home equity - 1st lien
  
-
   
196
   
196
 
Home equity - 2nd lien
  
-
   
600
   
600
 
Installment
            
Home equity - 1st lien
  
-
   
168
   
168
 
Home equity - 2nd lien
  
-
   
220
   
220
 
Boat lending
  
-
   
278
   
278
 
Recreational vehicle lending
  
-
   
2
   
2
 
Other
  
-
   
234
   
234
 
Total recorded investment
 
$
-
  
$
7,363
  
$
7,363
 
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
Past Due
    
Total
Loans
  
30-59 days
  
60-89 days
  
90+ days
  
Total
  
(In thousands)
 
June 30, 2019
                  
Commercial
                  
Income producing - real estate
 
$
50
  
$
-
  
$
-
  
$
50
  
$
398,697
  
$
398,747
 
Land, land development and construction - real estate
  
-
   
-
   
-
   
-
   
93,213
   
93,213
 
Commercial and industrial
  
132
   
37
   
705
   
874
   
686,530
   
687,404
 
Mortgage
                        
1-4 family
  
4,488
   
1,663
   
1,734
   
7,885
   
851,775
   
859,660
 
Resort lending
  
484
   
238
   
433
   
1,155
   
73,578
   
74,733
 
Home equity - 1st lien
  
178
   
96
   
51
   
325
   
36,201
   
36,526
 
Home equity - 2nd lien
  
458
   
234
   
195
   
887
   
119,053
   
119,940
 
Installment
                        
Home equity - 1st lien
  
97
   
1
   
11
   
109
   
6,320
   
6,429
 
Home equity - 2nd lien
  
188
   
19
   
113
   
320
   
5,431
   
5,751
 
Boat lending
  
287
   
24
   
32
   
343
   
197,315
   
197,658
 
Recreational vehicle lending
  
72
   
3
   
2
   
77
   
144,403
   
144,480
 
Other
  
200
   
46
   
172
   
418
   
90,705
   
91,123
 
Total recorded investment
 
$
6,634
  
$
2,361
  
$
3,448
  
$
12,443
  
$
2,703,221
  
$
2,715,664
 
Accrued interest included in recorded investment
 
$
66
  
$
32
  
$
-
  
$
98
  
$
9,040
  
$
9,138
 
                         
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:



  
June 30,
2019
    
December 31,
2018
  
Impaired loans with no allocated allowance for loan losses
 
(In thousands)
 
Troubled debt restructurings (“TDR”)
 
$
266
  
$
-
 
Non - TDR
  
500
   
-
 
Impaired loans with an allocated allowance for loan losses
        
TDR - allowance based on collateral
  
1,611
   
2,787
 
TDR - allowance based on present value cash flow
  
50,262
   
53,258
 
Non - TDR - allowance based on collateral
  
2,536
   
2,145
 
Total impaired loans
 
$
55,175
  
$
58,190
 
         
Amount of allowance for loan losses allocated
        
TDR - allowance based on collateral
 
$
272
  
$
769
 
TDR - allowance based on present value cash flow
  
4,874
   
4,849
 
Non - TDR - allowance based on collateral
  
881
   
692
 
Total amount of allowance for loan losses allocated
 
$
6,027
  
$
6,310
 

Impaired loans by class are as follows:

  
June 30, 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
  
613
   
800
   
-
   
3
   
474
   
-
 
Resort lending
  
-
   
-
   
-
   
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Installment
                        
Home equity - 1st lien
  
-
   
-
   
-
   
1
   
122
   
-
 
Home equity - 2nd lien
  
-
   
16
   
-
   
-
   
-
   
-
 
Boat lending
  
-
   
5
   
-
   
-
   
5
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
   
-
   
-
   
-
 
Other
  
-
   
15
   
-
   
-
   
15
   
-
 
   
613
   
836
   
-
   
4
   
616
   
-
 
With an allowance for loan losses recorded:
                        
Commercial
                        
Income producing - real estate
 
$
5,874
  
$
5,863
   
518
   
4,770
   
4,758
   
303
 
Land, land development & construction-real estate
  
290
   
288
   
31
   
290
   
289
   
35
 
Commercial and industrial
  
1,918
   
2,184
   
498
   
3,637
   
3,735
   
967
 
Mortgage
                        
1-4 family
  
30,411
   
32,568
   
3,171
   
32,842
   
34,427
   
2,859
 
Resort lending
  
12,392
   
12,704
   
1,397
   
13,328
   
13,354
   
1,927
 
Home equity - 1st lien
  
125
   
187
   
26
   
65
   
64
   
4
 
Home equity - 2nd lien
  
554
   
564
   
121
   
156
   
155
   
9
 
Installment
                        
Home equity - 1st lien
  
1,264
   
1,440
   
77
   
1,440
   
1,524
   
89
 
Home equity - 2nd lien
  
1,434
   
1,442
   
100
   
1,471
   
1,491
   
92
 
Boat lending
  
32
   
48
   
11
   
-
   
-
   
-
 
Recreational vehicle lending
  
51
   
51
   
4
   
79
   
79
   
4
 
Other
  
477
   
553
   
73
   
379
   
406
   
21
 
   
54,822
   
57,892
   
6,027
   
58,457
   
60,282
   
6,310
 
Total
                        
Commercial
                        
Income producing - real estate
  
5,874
   
5,863
   
518
   
4,770
   
4,758
   
303
 
Land, land development & construction-real estate
  
290
   
288
   
31
   
290
   
289
   
35
 
Commercial and industrial
  
1,918
   
2,184
   
498
   
3,637
   
3,735
   
967
 
Mortgage
                        
1-4 family
  
31,024
   
33,368
   
3,171
   
32,845
   
34,901
   
2,859
 
Resort lending
  
12,392
   
12,704
   
1,397
   
13,328
   
13,354
   
1,927
 
Home equity - 1st lien
  
125
   
187
   
26
   
65
   
64
   
4
 
Home equity - 2nd lien
  
554
   
564
   
121
   
156
   
155
   
9
 
Installment
                        
Home equity - 1st lien
  
1,264
   
1,440
   
77
   
1,441
   
1,646
   
89
 
Home equity - 2nd lien
  
1,434
   
1,458
   
100
   
1,471
   
1,491
   
92
 
Boat lending
  
32
   
53
   
11
   
-
   
5
   
-
 
Recreational vehicle lending
  
51
   
51
   
4
   
79
   
79
   
4
 
Other
  
477
   
568
   
73
   
379
   
421
   
21
 
Total
 
$
55,435
  
$
58,728
  
$
6,027
  
$
58,461
  
$
60,898
  
$
6,310
 
                         
Accrued interest included in recorded investment
 
$
260
          
$
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 June 30, 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
  
-
   
-
   
1,201
   
-
 
Commercial and industrial
  
-
   
-
   
509
   
9
 
Mortgage
                
1-4 family
  
484
   
2
   
138
   
3
 
Resort lending
  
-
   
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Installment
                
Home equity - 1st lien
  
-
   
-
   
1
   
2
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Boat lending
  
-
   
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
   
-
 
Other
  
-
   
-
   
-
   
1
 
   
484
   
2
   
1,849
   
15
 
With an allowance for loan losses recorded:
                
Commercial
                
Income producing - real estate
  
5,297
   
81
   
5,142
   
70
 
Land, land development & construction-real estate
  
290
   
2
   
155
   
2
 
Commercial and industrial
  
2,418
   
16
   
2,522
   
34
 
Mortgage
              
-
 
1-4 family
  
31,364
   
414
   
35,345
   
431
 
Resort lending
  
12,680
   
147
   
15,098
   
150
 
Home equity - 1st lien
  
122
   
2
   
111
   
1
 
Home equity - 2nd lien
  
556
   
3
   
167
   
1
 
Installment
                
Home equity - 1st lien
  
1,326
   
19
   
1,596
   
25
 
Home equity - 2nd lien
  
1,453
   
19
   
1,746
   
25
 
Boat lending
  
67
   
-
   
1
   
-
 
Recreational vehicle lending
  
67
   
-
   
86
   
1
 
Other
  
479
   
5
   
414
   
7
 
   
56,119
   
708
   
62,383
   
747
 
Total
                
Commercial
                
Income producing - real estate
  
5,297
   
81
   
5,142
   
70
 
Land, land development & construction-real estate
  
290
   
2
   
1,356
   
2
 
Commercial and industrial
  
2,418
   
16
   
3,031
   
43
 
Mortgage
                
1-4 family
  
31,848
   
416
   
35,483
   
434
 
Resort lending
  
12,680
   
147
   
15,098
   
150
 
Home equity - 1st lien
  
122
   
2
   
111
   
1
 
Home equity - 2nd lien
  
556
   
3
   
167
   
1
 
Installment
                
Home equity - 1st lien
  
1,326
   
19
   
1,597
   
27
 
Home equity - 2nd lien
  
1,453
   
19
   
1,746
   
25
 
Boat lending
  
67
   
-
   
1
   
-
 
Recreational vehicle lending
  
67
   
-
   
86
   
1
 
Other
  
479
   
5
   
414
   
8
 
Total
 
$
56,603
  
$
710
  
$
64,232
  
$
762
 

Average recorded investment in and interest income earned on impaired loans by class for the six month periods ending June 30, 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
  
-
   
-
   
801
   
-
 
Commercial and industrial
  
-
   
-
   
514
   
13
 
Mortgage
                
1-4 family
  
324
   
2
   
92
   
9
 
Resort lending
  
-
   
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Installment
                
Home equity - 1st lien
  
-
   
-
   
1
   
4
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Boat lending
  
-
   
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
   
-
 
Other
  
-
   
-
   
-
   
1
 
   
324
   
2
   
1,408
   
27
 
With an allowance for loan losses recorded:
                
Commercial
                
Income producing - real estate
  
5,121
   
146
   
5,160
   
138
 
Land, land development & construction-real estate
  
290
   
4
   
159
   
4
 
Commercial and industrial
  
2,824
   
36
   
2,526
   
66
 
Mortgage
                
1-4 family
  
31,857
   
860
   
35,846
   
889
 
Resort lending
  
12,896
   
322
   
15,391
   
314
 
Home equity - 1st lien
  
103
   
3
   
131
   
3
 
Home equity - 2nd lien
  
423
   
6
   
171
   
3
 
Installment
                
Home equity - 1st lien
  
1,364
   
43
   
1,619
   
54
 
Home equity - 2nd lien
  
1,459
   
41
   
1,762
   
52
 
Boat lending
  
44
   
-
   
1
   
-
 
Recreational vehicle lending
  
71
   
1
   
87
   
2
 
Other
  
446
   
11
   
407
   
13
 
   
56,898
   
1,473
   
63,260
   
1,538
 
Total
                
Commercial
                
Income producing - real estate
  
5,121
   
146
   
5,160
   
138
 
Land, land development & construction-real estate
  
290
   
4
   
960
   
4
 
Commercial and industrial
  
2,824
   
36
   
3,040
   
79
 
Mortgage
                
1-4 family
  
32,181
   
862
   
35,938
   
898
 
Resort lending
  
12,896
   
322
   
15,391
   
314
 
Home equity - 1st lien
  
103
   
3
   
131
   
3
 
Home equity - 2nd lien
  
423
   
6
   
171
   
3
 
Installment
                
Home equity - 1st lien
  
1,364
   
43
   
1,620
   
58
 
Home equity - 2nd lien
  
1,459
   
41
   
1,762
   
52
 
Boat lending
  
44
   
-
   
1
   
-
 
Recreational vehicle lending
  
71
   
1
   
87
   
2
 
Other
  
446
   
11
   
407
   
14
 
Total
 
$
57,222
  
$
1,475
  
$
64,668
  
$
1,565
 
Troubled Debt Restructurings
Cash receipts on impaired loans on non-accrual status are generally applied to the principal balance.

TDRs follow:


 
June 30, 2019
 

 
Commercial
  
Retail (1)
    
Total
 

 

   (In thousands)       
Performing TDRs
 
$
7,166
  
$
42,136
    
$
49,302
 
Non-performing TDRs (2)
  
54
   
2,783
  
(3) 
  
2,837
 
Total
 
$
7,220
  
$
44,919
    
$
52,139
 


 
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 June 30 follow:


 
Number of
Contracts
  
Pre-modification
Recorded
Balance
  
Post-modification
Recorded
Balance
 
  
(Dollars in thousands)
 
2019
         
Commercial
         
Income producing - real estate
  
2
  
$
1,329
  
$
1,329
 
Land, land development & construction-real estate
  
-
   
-
   
-
 
Commercial and industrial
  
-
   
-
   
-
 
Mortgage
            
1-4 family
  
1
   
506
   
505
 
Resort lending
  
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
1
   
25
   
26
 
Home equity - 2nd lien
  
3
   
75
   
76
 
Boat lending
  
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
 
Other
  
-
   
-
   
-
 
Total
  
7
  
$
1,935
  
$
1,936
 
             
2018
            
Commercial
            
Income producing - real estate
  
-
  
$
-
  
$
-
 
Land, land development & construction-real estate
  
-
   
-
   
-
 
Commercial and industrial
  
2
   
153
   
153
 
Mortgage
            
1-4 family
  
1
   
66
   
69
 
Resort lending
  
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
2
   
90
   
91
 
Home equity - 2nd lien
  
1
   
32
   
32
 
Boat lending
  
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
 
Other
  
1
   
41
   
41
 
Total
  
7
  
$
382
  
$
386
 

Loans that have been classified as troubled debt restructurings during the six-month periods ended June 30 follow:

  
Number of
Contracts
  
Pre-modification
Recorded
Balance
  
Post-modification
Recorded
Balance
 
  
(Dollars in thousands)
 
2019
         
Commercial
         
Income producing - real estate
  
2
  
$
1,329
  
$
1,329
 
Land, land development & construction-real estate
  
-
   
-
   
-
 
Commercial and industrial
  
1
   
49
   
49
 
Mortgage
            
1-4 family
  
2
   
787
   
786
 
Resort lending
  
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
2
   
49
   
51
 
Home equity - 2nd lien
  
4
   
111
   
112
 
Boat lending
  
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
 
Other
  
-
   
-
   
-
 
Total
  
11
  
$
2,325
  
$
2,327
 
             
2018
            
Commercial
            
Income producing - real estate
  
1
  
$
67
  
$
67
 
Land, land development & construction-real estate
  
-
   
-
   
-
 
Commercial and industrial
  
5
   
587
   
587
 
Mortgage
            
1-4 family
  
4
   
294
   
280
 
Resort lending
  
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
5
   
188
   
190
 
Home equity - 2nd lien
  
2
   
93
   
93
 
Boat lending
  
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
 
Other
  
2
   
76
   
73
 
Total
  
19
  
$
1,305
  
$
1,290
 
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)
       
June 30, 2019
               
Income producing - real estate
 
$
382,198
  
$
15,777
  
$
772
  
$
-
  
$
398,747
 
Land, land development and construction - real estate
  
83,971
   
8,467
   
775
   
-
   
93,213
 
Commercial and industrial
  
634,098
   
48,598
   
3,905
   
803
   
687,404
 
Total
 
$
1,100,267
  
$
72,842
  
$
5,452
  
$
803
  
$
1,179,364
 
Accrued interest included in total
 
$
3,158
  
$
219
  
$
17
  
$
-
  
$
3,394
 
                     
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)
 
June 30, 2019
                
800 and above
  
$
110,599
  
$
11,748
  
$
5,783
  
$
12,623
  
$
140,753
 
750-799
   
391,241
   
32,894
   
15,624
   
52,785
   
492,544
 
700-749
   
195,867
   
15,747
   
9,584
   
33,377
   
254,575
 
650-699
   
89,819
   
8,074
   
3,623
   
13,055
   
114,571
 
600-649
   
31,668
   
2,597
   
663
   
4,212
   
39,140
 
550-599
   
16,755
   
1,465
   
652
   
1,929
   
20,801
 
500-549
   
11,333
   
684
   
325
   
1,148
   
13,490
 
Under 500
   
4,192
   
81
   
272
   
392
   
4,937
 
Unknown
   
8,186
   
1,443
   
-
   
419
   
10,048
 
Total
  
$
859,660
  
$
74,733
  
$
36,526
  
$
119,940
  
$
1,090,859
 
Accrued interest included in total
  
$
3,503
  
$
367
  
$
176
  
$
504
  
$
4,550
 
                       
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.

   
Installment(1)
 
   
Home
Equity
1st Lien
  
Home
Equity
2nd Lien
  
Boat Lending
  
Recreational
Vehicle
Lending
  
Other
  
Total
 
   
(In thousands)
 
June 30, 2019
                   
800 and above
  
$
449
  
$
231
  
$
26,585
  
$
22,213
  
$
6,683
  
$
56,161
 
750-799
   
1,219
   
1,517
   
115,402
   
85,635
   
34,760
   
238,533
 
700-749
   
1,390
   
1,224
   
41,608
   
28,261
   
23,945
   
96,428
 
650-699
   
1,496
   
1,161
   
10,612
   
5,728
   
10,426
   
29,423
 
600-649
   
993
   
730
   
1,879
   
1,767
   
2,954
   
8,323
 
550-599
   
550
   
573
   
831
   
653
   
853
   
3,460
 
500-549
   
313
   
217
   
486
   
181
   
859
   
2,056
 
Under 500
   
19
   
55
   
229
   
42
   
187
   
532
 
Unknown
   
-
   
43
   
26
   
-
   
10,456
   
10,525
 
Total
  
$
6,429
  
$
5,751
  
$
197,658
  
$
144,480
  
$
91,123
  
$
445,441
 
Accrued interest included in total
  
$
23
  
$
19
  
$
493
  
$
368
  
$
291
  
$
1,194
 
                           
December 31, 2018
                         
800 and above
  
$
555
  
$
235
  
$
20,767
  
$
20,197
  
$
6,272
  
$
48,026
 
750-799
   
1,502
   
1,642
   
100,191
   
74,154
   
31,483
   
208,972
 
700-749
   
1,582
   
1,682
   
35,455
   
24,890
   
24,369
   
87,978
 
650-699
   
1,606
   
1,217
   
10,581
   
4,918
   
9,840
   
28,162
 
600-649
   
996
   
1,272
   
1,657
   
992
   
2,751
   
7,668
 
550-599
   
759
   
658
   
652
   
453
   
838
   
3,360
 
500-549
   
384
   
229
   
286
   
225
   
651
   
1,775
 
Under 500
   
51
   
6
   
266
   
7
   
218
   
548
 
Unknown
   
2
   
103
   
39
   
-
   
9,546
   
9,690
 
Total
  
$
7,437
  
$
7,044
  
$
169,894
  
$
125,836
  
$
85,968
  
$
396,179
 
Accrued interest included in total
  
$
28
  
$
25
  
$
403
  
$
311
  
$
263
  
$
1,030
 

(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:

  
June 30,
2019
  
December 31,
2018
 
  
(In thousands)
 
Commercial
 
$
1,490
  
$
1,609
 
Mortgage
  
587
   
555
 
Installment
  
324
   
349
 
Total carrying amount
  
2,401
   
2,513
 
Allowance for loan losses
  
-
   
-
 
Carrying amount, net of allowance for loan losses
 
$
2,401
  
$
2,513
 

Accretable yield of PCI loans, or income expected to be collected follows:

  
Three months ended
June 30,
  
Six months ended
June 30,
 
  
2019
  
2018
  
2019
  
2018
 
  
(unaudited)
  
(unaudited)
 
  
(In thousands)
  
(In thousands)
 
             
Balance at beginning of period
 
$
788
  
$
-
  
$
462
  
$
-
 
New loans purchased
  
-
   
568
   
-
   
568
 
Accretion recorded as loan interest income
  
(39
)
  
(35
)
  
(78
)
  
(35
)
Reclassification from (to) nonaccretable difference
  
-
   
-
   
365
   
-
 
Displosals/other adjustments
  
-
   
-
   
-
   
-
 
Balance at end of period
 
$
749
  
$
533
  
$
749
  
$
533