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Loans (Tables)
 9 Months Ended
Sep. 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 September 30, follows:

  
Commercial
  
Mortgage
  
Installment
  
Subjective
Allocation
  
Total
 
  
(In thousands)
 
2019
               
Balance at beginning of period
 
$
8,121
  
$
8,062
  
$
1,293
  
$
8,427
  
$
25,903
 
Additions (deductions)
                    
Provision for loan losses
  
(810
)
  
83
   
289
   
167
   
(271
)
Recoveries credited to the allowance
  
1,215
   
235
   
202
   
-
   
1,652
 
Loans charged against the allowance
  
(303
)
  
(397
)
  
(436
)
  
-
   
(1,136
)
Balance at end of period
 
$
8,223
  
$
7,983
  
$
1,348
  
$
8,594
  
$
26,148
 
                     
2018
                    
Balance at beginning of period
 
$
6,073
  
$
8,296
  
$
848
  
$
8,287
  
$
23,504
 
Additions (deductions)
                    
Provision for loan losses
  
(907
)
  
415
   
(25
)
  
464
   
(53
)
Recoveries credited to the allowance
  
1,418
   
192
   
298
   
-
   
1,908
 
Loans charged against the allowance
  
(225
)
  
(448
)
  
(285
)
  
-
   
(958
)
Balance at end of period
 
$
6,359
  
$
8,455
  
$
836
  
$
8,751
  
$
24,401
 

An analysis of the allowance for loan losses by portfolio segment for the nine months ended September 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
  
85
   
270
   
1,021
   
(331
)
  
1,045
 
Recoveries credited to the allowance
  
1,720
   
786
   
603
   
-
   
3,109
 
Loans charged against the allowance
  
(672
)
  
(1,051
)
  
(1,171
)
  
-
   
(2,894
)
Balance at end of period
 
$
8,223
  
$
7,983
  
$
1,348
  
$
8,594
  
$
26,148
 
                     
2018
                    
Balance at beginning of period
 
$
5,595
  
$
8,733
  
$
864
  
$
7,395
  
$
22,587
 
Additions (deductions)
                    
Provision for loan losses
  
(1,404
)
  
778
   
182
   
1,356
   
912
 
Recoveries credited to the allowance
  
2,458
   
549
   
761
   
-
   
3,768
 
Loans charged against the allowance
  
(290
)
  
(1,605
)
  
(971
)
  
-
   
(2,866
)
Balance at end of period
 
$
6,359
  
$
8,455
  
$
836
  
$
8,751
  
$
24,401
 
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)
 
September 30, 2019
               
Allowance for loan losses:
               
Individually evaluated for impairment
 
$
871
  
$
4,610
  
$
297
  
$
-
  
$
5,778
 
Collectively evaluated for impairment
  
7,352
   
3,373
   
1,051
   
8,594
   
20,370
 
Loans acquired with deteriorated credit quality
  
-
   
-
   
-
   
-
   
-
 
Total ending allowance for loan losses balance
 
$
8,223
  
$
7,983
  
$
1,348
  
$
8,594
  
$
26,148
 
                     
Loans
                    
Individually evaluated for impairment
 
$
7,776
  
$
42,590
  
$
3,223
      
$
53,589
 
Collectively evaluated for impairment
  
1,182,825
   
1,031,163
   
460,973
       
2,674,961
 
Loans acquired with deteriorated credit quality
  
1,421
   
582
   
329
       
2,332
 
Total loans recorded investment
  
1,192,022
   
1,074,335
   
464,525
       
2,730,882
 
Accrued interest included in recorded investment
  
3,005
   
4,300
   
1,131
       
8,436
 
Total loans
 
$
1,189,017
  
$
1,070,035
  
$
463,394
      
$
2,722,446
 
                     
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)
    
September 30, 2019
         
Commercial
         
Income producing - real estate
 
$
-
  
$
-
  
$
-
 
Land, land development and construction - real estate
  
-
   
654
   
654
 
Commercial and industrial
  
-
   
87
   
87
 
Mortgage
            
1-4 family
  
-
   
3,873
   
3,873
 
Resort lending
  
-
   
227
   
227
 
Home equity - 1st lien
  
-
   
208
   
208
 
Home equity - 2nd lien
  
-
   
665
   
665
 
Installment
            
Home equity - 1st lien
  
-
   
125
   
125
 
Home equity - 2nd lien
  
-
   
269
   
269
 
Boat lending
  
-
   
378
   
378
 
Recreational vehicle lending
  
-
   
2
   
2
 
Other
  
-
   
161
   
161
 
Total recorded investment
 
$
-
  
$
6,649
  
$
6,649
 
Accrued interest included in recorded investment
 
$
-
  
$
-
  
$
-
 
December 31, 2018
            
Commercial
            
Income producing - real estate
 
$
-
  
$
-
  
$
-
 
Land, land development and construction - real estate
  
-
   
-
   
-
 
Commercial and industrial
  
-
   
2,123
   
2,123
 
Mortgage
            
1-4 family
  
5
   
4,332
   
4,337
 
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
  
$
8,569
  
$
8,574
 
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)
 
September 30, 2019
                  
Commercial
                  
Income producing - real estate
 
$
44
  
$
-
  
$
-
  
$
44
  
$
424,472
  
$
424,516
 
Land, land development and construction - real estate
  
-
   
-
   
-
   
-
   
102,227
   
102,227
 
Commercial and industrial
  
483
   
26
   
-
   
509
   
664,770
   
665,279
 
Mortgage
                        
1-4 family
  
3,098
   
973
   
1,359
   
5,430
   
841,658
   
847,088
 
Resort lending
  
703
   
81
   
93
   
877
   
69,949
   
70,826
 
Home equity - 1st lien
  
87
   
101
   
79
   
267
   
37,069
   
37,336
 
Home equity - 2nd lien
  
765
   
344
   
231
   
1,340
   
117,745
   
119,085
 
Installment
                        
Home equity - 1st lien
  
83
   
19
   
10
   
112
   
5,871
   
5,983
 
Home equity - 2nd lien
  
118
   
3
   
166
   
287
   
4,832
   
5,119
 
Boat lending
  
625
   
49
   
140
   
814
   
205,526
   
206,340
 
Recreational vehicle lending
  
92
   
33
   
2
   
127
   
152,904
   
153,031
 
Other
  
233
   
85
   
104
   
422
   
93,630
   
94,052
 
Total recorded investment
 
$
6,331
  
$
1,714
  
$
2,184
  
$
10,229
  
$
2,720,653
  
$
2,730,882
 
Accrued interest included in recorded investment
 
$
65
  
$
17
  
$
-
  
$
82
  
$
8,354
  
$
8,436
 
                         
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:

  
September 30,
2019
  
December 31,
2018
 
Impaired loans with no allocated allowance for loan losses
 
(In thousands)
 
Troubled debt restructurings (“TDR”)
 
$
-
  
$
-
 
Non - TDR
  
1,144
   
-
 
Impaired loans with an allocated allowance for loan losses
        
TDR - allowance based on collateral
  
1,129
   
2,787
 
TDR - allowance based on present value cash flow
  
49,094
   
53,258
 
Non - TDR - allowance based on collateral
  
1,969
   
2,145
 
Total impaired loans
 
$
53,336
  
$
58,190
 
         
Amount of allowance for loan losses allocated
        
TDR - allowance based on collateral
 
$
230
  
$
769
 
TDR - allowance based on present value cash flow
  
4,865
   
4,849
 
Non - TDR - allowance based on collateral
  
683
   
692
 
Total amount of allowance for loan losses allocated
 
$
5,778
  
$
6,310
 

Impaired loans by class  are as follows:

  
September 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
  
654
   
734
   
-
   
-
   
-
   
-
 
Commercial and industrial
  
-
   
-
   
-
   
-
   
-
   
-
 
Mortgage
                        
1-4 family
  
490
   
774
   
-
   
3
   
474
   
-
 
Resort lending
  
-
   
-
   
-
   
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
   
-
   
-
 
Installment
                        
Home equity - 1st lien
  
-
   
-
   
-
   
1
   
122
   
-
 
Home equity - 2nd lien
  
-
   
15
   
-
   
-
   
-
   
-
 
Boat lending
  
-
   
5
   
-
   
-
   
5
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
   
-
   
-
   
-
 
Other
  
-
   
24
   
-
   
-
   
15
   
-
 
   
1,144
   
1,552
   
-
   
4
   
616
   
-
 
With an allowance for loan losses recorded:
                        
Commercial
                        
Income producing - real estate
 
$
5,859
  
$
5,837
   
619
   
4,770
   
4,758
   
303
 
Land, land development & construction-real estate
  
113
   
113
   
25
   
290
   
289
   
35
 
Commercial and industrial
  
1,150
   
1,244
   
227
   
3,637
   
3,735
   
967
 
Mortgage
                        
1-4 family
  
29,521
   
31,657
   
3,164
   
32,842
   
34,427
   
2,859
 
Resort lending
  
11,741
   
11,949
   
1,197
   
13,328
   
13,354
   
1,927
 
Home equity - 1st lien
  
190
   
219
   
49
   
65
   
64
   
4
 
Home equity - 2nd lien
  
648
   
657
   
200
   
156
   
155
   
9
 
Installment
                        
Home equity - 1st lien
  
1,219
   
1,395
   
77
   
1,440
   
1,524
   
89
 
Home equity - 2nd lien
  
1,406
   
1,417
   
116
   
1,471
   
1,491
   
92
 
Boat lending
  
140
   
177
   
37
   
-
   
-
   
-
 
Recreational vehicle lending
  
49
   
50
   
3
   
79
   
79
   
4
 
Other
  
409
   
477
   
64
   
379
   
406
   
21
 
   
52,445
   
55,192
   
5,778
   
58,457
   
60,282
   
6,310
 
Total
                        
Commercial
                        
Income producing - real estate
  
5,859
   
5,837
   
619
   
4,770
   
4,758
   
303
 
Land, land development & construction-real estate
  
767
   
847
   
25
   
290
   
289
   
35
 
Commercial and industrial
  
1,150
   
1,244
   
227
   
3,637
   
3,735
   
967
 
Mortgage
                        
1-4 family
  
30,011
   
32,431
   
3,164
   
32,845
   
34,901
   
2,859
 
Resort lending
  
11,741
   
11,949
   
1,197
   
13,328
   
13,354
   
1,927
 
Home equity - 1st lien
  
190
   
219
   
49
   
65
   
64
   
4
 
Home equity - 2nd lien
  
648
   
657
   
200
   
156
   
155
   
9
 
Installment
                        
Home equity - 1st lien
  
1,219
   
1,395
   
77
   
1,441
   
1,646
   
89
 
Home equity - 2nd lien
  
1,406
   
1,432
   
116
   
1,471
   
1,491
   
92
 
Boat lending
  
140
   
182
   
37
   
-
   
5
   
-
 
Recreational vehicle lending
  
49
   
50
   
3
   
79
   
79
   
4
 
Other
  
409
   
501
   
64
   
379
   
421
   
21
 
Total
 
$
53,589
  
$
56,744
  
$
5,778
  
$
58,461
  
$
60,898
  
$
6,310
 
Accrued interest included in recorded investment
 
$
253
          
$
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 September 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
  
327
   
5
   
2,402
   
-
 
Commercial and industrial
  
-
   
-
   
425
   
7
 
Mortgage
                
1-4 family
  
552
   
7
   
121
   
9
 
Resort lending
  
-
   
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Installment
                
Home equity - 1st lien
  
-
   
-
   
1
   
1
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Boat lending
  
-
   
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
   
-
 
Other
  
-
   
1
   
-
   
-
 
   
879
   
13
   
2,949
   
17
 
With an allowance for loan losses recorded:
                
Commercial
                
Income producing - real estate
  
5,867
   
68
   
4,968
   
64
 
Land, land development & construction-real estate
  
202
   
3
   
153
   
3
 
Commercial and industrial
  
1,534
   
16
   
2,264
   
24
 
Mortgage
                
1-4 family
  
29,966
   
420
   
34,731
   
458
 
Resort lending
  
12,067
   
171
   
14,276
   
161
 
Home equity - 1st lien
  
158
   
1
   
67
   
1
 
Home equity - 2nd lien
  
601
   
8
   
157
   
2
 
Installment
                
Home equity - 1st lien
  
1,242
   
27
   
1,545
   
27
 
Home equity - 2nd lien
  
1,420
   
20
   
1,679
   
24
 
Boat lending
  
86
   
2
   
1
   
-
 
Recreational vehicle lending
  
50
   
1
   
83
   
1
 
Other
  
443
   
3
   
406
   
5
 
   
53,636
   
740
   
60,330
   
770
 
Total
                
Commercial
                
Income producing - real estate
  
5,867
   
68
   
4,968
   
64
 
Land, land development & construction-real estate
  
529
   
8
   
2,555
   
3
 
Commercial and industrial
  
1,534
   
16
   
2,689
   
31
 
Mortgage
                
1-4 family
  
30,518
   
427
   
34,852
   
467
 
Resort lending
  
12,067
   
171
   
14,276
   
161
 
Home equity - 1st lien
  
158
   
1
   
67
   
1
 
Home equity - 2nd lien
  
601
   
8
   
157
   
2
 
Installment
                
Home equity - 1st lien
  
1,242
   
27
   
1,546
   
28
 
Home equity - 2nd lien
  
1,420
   
20
   
1,679
   
24
 
Boat lending
  
86
   
2
   
1
   
-
 
Recreational vehicle lending
  
50
   
1
   
83
   
1
 
Other
  
443
   
4
   
406
   
5
 
Total
 
$
54,515
  
$
753
  
$
63,279
  
$
787
 

Average recorded investment in and interest income earned on impaired loans by class for the nine month periods ending September 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
  
164
   
5
   
1,201
   
-
 
Commercial and industrial
  
-
   
-
   
472
   
20
 
Mortgage
                
1-4 family
  
365
   
9
   
70
   
18
 
Resort lending
  
-
   
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Installment
                
Home equity - 1st lien
  
-
   
-
   
1
   
5
 
Home equity - 2nd lien
  
-
   
-
   
-
   
-
 
Boat lending
  
-
   
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
   
-
 
Other
  
-
   
1
   
-
   
1
 
   
529
   
15
   
1,744
   
44
 
With an allowance for loan losses recorded:
                
Commercial
                
Income producing - real estate
  
5,306
   
214
   
5,077
   
202
 
Land, land development & construction-real estate
  
246
   
7
   
157
   
7
 
Commercial and industrial
  
2,406
   
52
   
2,391
   
90
 
Mortgage
                
1-4 family
  
31,273
   
1,280
   
35,549
   
1,347
 
Resort lending
  
12,607
   
493
   
15,027
   
475
 
Home equity - 1st lien
  
125
   
4
   
115
   
4
 
Home equity - 2nd lien
  
479
   
14
   
167
   
5
 
Installment
                
Home equity - 1st lien
  
1,328
   
70
   
1,595
   
81
 
Home equity - 2nd lien
  
1,446
   
61
   
1,728
   
76
 
Boat lending
  
68
   
2
   
1
   
-
 
Recreational vehicle lending
  
65
   
2
   
86
   
3
 
Other
  
437
   
14
   
406
   
18
 
   
55,786
   
2,213
   
62,299
   
2,308
 
Total
                
Commercial
                
Income producing - real estate
  
5,306
   
214
   
5,077
   
202
 
Land, land development & construction-real estate
  
410
   
12
   
1,358
   
7
 
Commercial and industrial
  
2,406
   
52
   
2,863
   
110
 
Mortgage
                
1-4 family
  
31,638
   
1,289
   
35,619
   
1,365
 
Resort lending
  
12,607
   
493
   
15,027
   
475
 
Home equity - 1st lien
  
125
   
4
   
115
   
4
 
Home equity - 2nd lien
  
479
   
14
   
167
   
5
 
Installment
                
Home equity - 1st lien
  
1,328
   
70
   
1,596
   
86
 
Home equity - 2nd lien
  
1,446
   
61
   
1,728
   
76
 
Boat lending
  
68
   
2
   
1
   
-
 
Recreational vehicle lending
  
65
   
2
   
86
   
3
 
Other
  
437
   
15
   
406
   
19
 
Total
 
$
56,315
  
$
2,228
  
$
64,043
  
$
2,352
 
Troubled Debt Restructurings
Cash receipts on impaired loans on non-accrual status are generally applied to the principal balance.

TDRs follow:

  
September 30, 2019
 
  
Commercial
  
Retail (1)
  
Total
 
  
(In thousands)
 
Performing TDRs
 
$
6,947
  
$
40,873
  
$
47,820
 
Non-performing TDRs(2)
  
46
   
2,357
(3) 
  
2,403
 
Total
 
$
6,993
  
$
43,230
  
$
50,223
 
             
  
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 September 30 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
  
2
   
137
   
137
 
Mortgage
            
1-4 family
  
1
   
198
   
202
 
Resort lending
  
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
3
   
75
   
75
 
Installment
            
Home equity - 1st lien
  
1
   
28
   
28
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Boat lending
  
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
 
Other
  
-
   
-
   
-
 
Total
  
7
  
$
438
  
$
442
 
             
2018
            
Commercial
            
Income producing - real estate
  
-
  
$
-
  
$
-
 
Land, land development & construction-real estate
  
-
   
-
   
-
 
Commercial and industrial
  
1
   
24
   
24
 
Mortgage
            
1-4 family
  
3
   
609
   
609
 
Resort lending
  
1
   
115
   
114
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
1
   
15
   
15
 
Home equity - 2nd lien
  
1
   
20
   
21
 
Boat lending
  
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
 
Other
  
-
   
-
   
-
 
Total
  
7
  
$
783
  
$
783
 

Loans that have been classified as troubled debt restructurings during the nine-month periods ended September 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
  
3
   
186
   
186
 
Mortgage
            
1-4 family
  
3
   
985
   
988
 
Resort lending
  
-
   
-
   
-
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
3
   
75
   
75
 
Installment
            
Home equity - 1st lien
  
3
   
77
   
79
 
Home equity - 2nd lien
  
4
   
111
   
112
 
Boat lending
  
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
 
Other
  
-
   
-
   
-
 
Total
  
18
  
$
2,763
  
$
2,769
 
             
2018
            
Commercial
            
Income producing - real estate
  
1
  
$
67
  
$
67
 
Land, land development & construction-real estate
  
-
   
-
   
-
 
Commercial and industrial
  
6
   
611
   
611
 
Mortgage
            
1-4 family
  
7
   
903
   
889
 
Resort lending
  
1
   
115
   
114
 
Home equity - 1st lien
  
-
   
-
   
-
 
Home equity - 2nd lien
  
-
   
-
   
-
 
Installment
            
Home equity - 1st lien
  
6
   
203
   
205
 
Home equity - 2nd lien
  
3
   
113
   
114
 
Boat lending
  
-
   
-
   
-
 
Recreational vehicle lending
  
-
   
-
   
-
 
Other
  
2
   
76
   
73
 
Total
  
26
  
$
2,088
  
$
2,073
 
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)
       
September 30, 2019
               
Income producing - real estate
 
$
408,132
  
$
15,619
  
$
765
  
$
-
  
$
424,516
 
Land, land development and construction - real estate
  
93,563
   
8,010
   
-
   
654
   
102,227
 
Commercial and industrial
  
604,311
   
59,425
   
1,456
   
87
   
665,279
 
Total
 
$
1,106,006
  
$
83,054
  
$
2,221
  
$
741
  
$
1,192,022
 
Accrued interest included in total
 
$
2,713
  
$
284
  
$
8
  
$
-
  
$
3,005
 
                     
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
  
631,345
   
35,469
   
5,577
   
2,270
   
674,661
 
Total
 
$
1,082,607
  
$
57,184
  
$
5,777
  
$
2,324
  
$
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)
 
September 30, 2019
               
800 and above
 
$
101,927
  
$
11,151
  
$
6,165
  
$
12,177
  
$
131,420
 
750-799
  
385,243
   
31,372
   
16,300
   
52,564
   
485,479
 
700-749
  
204,241
   
15,323
   
9,209
   
32,897
   
261,670
 
650-699
  
84,458
   
7,612
   
3,747
   
13,168
   
108,985
 
600-649
  
30,819
   
2,241
   
668
   
4,196
   
37,924
 
550-599
  
16,410
   
1,171
   
663
   
1,881
   
20,125
 
500-549
  
10,972
   
620
   
330
   
1,072
   
12,994
 
Under 500
  
3,718
   
80
   
254
   
372
   
4,424
 
Unknown
  
9,300
   
1,256
   
-
   
758
   
11,314
 
Total
 
$
847,088
  
$
70,826
  
$
37,336
  
$
119,085
  
$
1,074,335
 
Accrued interest included in total
 
$
3,327
  
$
343
  
$
166
  
$
464
  
$
4,300
 
                     
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)
 
September 30, 2019
                  
800 and above
 
$
380
  
$
219
  
$
29,581
  
$
24,296
  
$
7,140
  
$
61,616
 
750-799
  
1,104
   
1,265
   
120,085
   
90,692
   
35,671
   
248,817
 
700-749
  
1,323
   
1,123
   
42,869
   
29,990
   
25,052
   
100,357
 
650-699
  
1,399
   
1,104
   
10,536
   
5,560
   
10,324
   
28,923
 
600-649
  
934
   
678
   
1,783
   
1,692
   
2,762
   
7,849
 
550-599
  
526
   
457
   
808
   
617
   
735
   
3,143
 
500-549
  
299
   
208
   
455
   
145
   
748
   
1,855
 
Under 500
  
18
   
50
   
223
   
39
   
156
   
486
 
Unknown
  
-
   
15
   
-
   
-
   
11,464
   
11,479
 
Total
 
$
5,983
  
$
5,119
  
$
206,340
  
$
153,031
  
$
94,052
  
$
464,525
 
Accrued interest included in total
 
$
21
  
$
16
  
$
467
  
$
350
  
$
277
  
$
1,131
 
                         
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:

  
September 30,
2019
  
December 31,
2018
 
  
(In thousands)
 
Commercial
 
$
1,421
  
$
1,609
 
Mortgage
  
582
   
555
 
Installment
  
329
   
349
 
Total carrying amount
  
2,332
   
2,513
 
Allowance for loan losses
  
-
   
-
 
Carrying amount, net of allowance for loan losses
 
$
2,332
  
$
2,513
 
Accretable yield of PCI loans, or income expected to be collected follows:

  
Three months ended
September 30,
  
Nine months ended
September 30,
 
  
2019
  
2018
  
2019
  
2018
 
  
(unaudited)
  
(unaudited)
 
  
(In thousands)
  
(In thousands)
 
             
Balance at beginning of period
 
$
749
  
$
533
  
$
462
  
$
-
 
New loans purchased
  
-
   
-
   
-
   
568
 
Accretion recorded as loan interest income
  
(56
)
  
(32
)
  
(134
)
  
(67
)
Reclassification from (to) nonaccretable difference
  
-
   
-
   
365
   
-
 
Displosals/other adjustments
  
-
   
-
   
-
   
-
 
Balance at end of period
 
$
693
  
$
501
  
$
693
  
$
501