XML 39 R26.htm IDEA: XBRL DOCUMENT v3.19.3
Allowance for loan losses and credit quality (Tables)
 9 Months Ended
Sep. 30, 2019
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Allowance for Credit Losses on Financing Receivables [Table Text Block]
Changes in the ALL, by class of loans, for the three and nine months ended September 30, 2019 and 2018 were as follows:
For The Three Months Ended September 30, 2019
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Unallocated
Total
 
(Dollars in thousands)
Balance, June 30, 2019
$
1,396

$
646

$
3,011

$
313

$
23

$
33

$
254

$
5,676

Provision (credit) for loan losses
31

43

156

13

2

45

(140
)
150

Recoveries of amounts charged off
—

—

—

—

—

—

—

—

 
1,427

689

3,167

326

25

78

114

5,826

Amounts charged off
(18
)
—

—

—

—

—

—

(18
)
Balance, September 30, 2019
$
1,409

$
689

$
3,167

$
326

$
25

$
78

$
114

$
5,808

For The Three Months Ended September 30, 2018
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Unallocated
Total
 
(Dollars in thousands)
Balance, June 30, 2018
$
1,375

$
556

$
2,855

$
374

$
26

$
30

$
337

$
5,553

Provision (credit) for loan losses
133

46

21

(10
)
(10
)
51

(81
)
150

Recoveries of amounts charged off
—

—

—

—

13

—

—

13

 
1,508

602

2,876

364

29

81

256

5,716

Amounts charged off
(100
)
—

—

—

(6
)
—

—

(106
)
Balance, September 30, 2018
$
1,408

$
602

$
2,876

$
364

$
23

$
81

$
256

$
5,610


For The Nine Months Ended September 30, 2019
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Unallocated
Total
 
(Dollars in thousands)
Balance, December 31, 2018
$
1,368

$
617

$
2,933

$
354

$
23

$
82

$
362

$
5,739

Provision (credit) for loan
  losses
116

72

234

171

9

(4
)
(248
)
350

Recoveries of amounts
  charged off
5

—

—

1

4

—

—

10

 
1,489

689

3,167

526

36

78

114

6,099

Amounts charged off
(80
)
—

—

(200
)
(11
)
—

—

(291
)
Balance, September 30, 2019
$
1,409

$
689

$
3,167

$
326

$
25

$
78

$
114

$
5,808

For The Nine Months Ended September 30, 2018
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Unallocated
Total
 
(Dollars in thousands)
Balance, December 31, 2017
$
1,361

$
488

$
2,707

$
395

$
30

$
64

$
363

$
5,408

Provision (credit) for loan
  losses
147

114

171

(31
)
(11
)
17

(107
)
300

Recoveries of amounts
  charged off
—

—

—

—

17

—

—

17

 
1,508

602

2,878

364

36

81

256

5,725

Amounts charged off
(100
)
—

(2
)
—

(13
)
—

—

(115
)
Balance, September 30, 2018
$
1,408

$
602

$
2,876

$
364

$
23

$
81

$
256

$
5,610
Allocation of Allowance for Loan Losses by Impairment Methodology [Table Text Block]
The allocation of the ALL, summarized on the basis of the Company's impairment methodology by class of loan, as of the balance sheet dates, was as follows:
September 30, 2019
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Unallocated
Total
 
(Dollars in thousands)
Individually evaluated
   for impairment
$
41

$
—

$
176

$
8

$
—

$
—

$
—

$
225

Collectively evaluated
   for impairment
1,368

689

2,991

318

25

78

114

5,583

Total allocated
$
1,409

$
689

$
3,167

$
326

$
25

$
78

$
114

$
5,808

December 31, 2018
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Unallocated
Total
 
(Dollars in thousands)
Individually evaluated
   for impairment
$
47

$
—

$
9

$
10

$
—

$
—

$
—

$
66

Collectively evaluated
   for impairment
1,321

617

2,924

344

23

82

362

5,673

Total allocated
$
1,368

$
617

$
2,933

$
354

$
23

$
82

$
362

$
5,739
Allocation of Investment in Loans by Impairment Methodology [Table Text Block]
The recorded investment in loans, summarized on the basis of the Company's impairment methodology by class of loan, as of the balance sheet dates, was as follows:
September 30, 2019
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Total
 
(Dollars in thousands)
Individually evaluated
   for impairment
$
1,595

$
229

$
3,264

$
297

$
—

$
—

$
5,385

Collectively evaluated
   for impairment
191,022

63,016

281,007

44,239

3,566

69,681

652,531

Total
$
192,617

$
63,245

$
284,271

$
44,536

$
3,566

$
69,681

$
657,916

December 31, 2018
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Total
 
(Dollars in thousands)
Individually evaluated
   for impairment
$
1,678

$
119

$
2,276

$
352

$
—

$
—

$
4,425

Collectively evaluated
   for impairment
185,642

55,203

274,224

46,876

3,241

72,850

638,036

Total
$
187,320

$
55,322

$
276,500

$
47,228

$
3,241

$
72,850

$
642,461
Financing Receivable Credit Quality Indicators [Table Text Block]
The following tables summarize the loan ratings applied by management to the Company's loans by class as of the balance sheet dates:
September 30, 2019
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Total
 
(Dollars in thousands)
Pass
$
172,225

$
43,262

$
174,061

$
31,718

$
3,494

$
69,681

$
494,441

Satisfactory/Monitor
17,177

19,749

105,849

11,695

69

—

154,539

Substandard
3,215

234

4,361

1,123

3

—

8,936

Total
$
192,617

$
63,245

$
284,271

$
44,536

$
3,566

$
69,681

$
657,916


December 31, 2018
Residential Real Estate
Construction Real Estate
Commercial Real Estate
Commercial
Consumer
Municipal
Total
 
(Dollars in thousands)
Pass
$
170,416

$
41,141

$
174,802

$
34,303

$
3,209

$
72,850

$
496,721

Satisfactory/Monitor
14,008

14,053

98,327

12,150

31

—

138,569

Substandard
2,896

128

3,371

775

1

—

7,171

Total
$
187,320

$
55,322

$
276,500

$
47,228

$
3,241

$
72,850

$
642,461
Impaired Financing Receivables [Table Text Block]
The following tables provide information with respect to impaired loans by class of loan as of and for the three and nine months ended September 30, 2019 and September 30, 2018:
 
As of September 30, 2019
For The Three Months Ended September 30, 2019
For The Nine Months Ended September 30, 2019
 
Recorded Investment
(1)
Principal Balance
(1)
Related Allowance
Average Recorded Investment
Interest Income Recognized
Average Recorded Investment
Interest Income Recognized
 
(Dollars in thousands)
Residential real estate
$
221

$
231

$
41

 
 
 
 
Commercial real estate
1,789

1,789

176

 
 
 
 
Commercial
11

12

8

 
 
 
 
With an allowance recorded
2,021

2,032

225

 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
1,374

1,937

—

 
 
 
 
Construction real estate
229

247

—

 
 
 
 
Commercial real estate
1,475

1,570

—

 
 
 
 
Commercial
286

288

—

 
 
 
 
With no allowance recorded
3,364

4,042

—

 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
1,595

2,168

41

$
1,606

$
17

$
1,653

$
55

Construction real estate
229

247

—

170

1

143

3

Commercial real estate
3,264

3,359

176

2,380

24

2,176

89

Commercial
297

300

8

309

8

327

19

Total
$
5,385

$
6,074

$
225

$
4,465

$
50

$
4,299

$
166

____________________
(1)
Does not reflect government guaranties on impaired loans as of September 30, 2019 totaling $592 thousand.

 
As of September 30, 2018
For The Three Months Ended September 30, 2018
For The Nine Months Ended September 30, 2018
 
Recorded Investment
(1)
Principal Balance
(1)
Related Allowance
Average Recorded Investment
Interest Income Recognized
Average Recorded Investment
Interest Income Recognized
 
(Dollars in thousands)
Residential real estate
$
1,688

$
2,268

$
49

$
1,743

$
17

$
1,749

$
46

Construction real estate
78

78

—

79

1

80

3

Commercial real estate
2,318

2,406

9

2,045

21

1,555

52

Commercial
370

370

—

365

9

371

23

Total
$
4,454

$
5,122

$
58

$
4,232

$
48

$
3,755

$
124


____________________
(1)
Does not reflect government guaranties on impaired loans as of September 30, 2018 totaling $656 thousand.

The following table provides information with respect to impaired loans by class of loan as of December 31, 2018:
 
December 31, 2018
 
 
 
Recorded Investment
(1)
Principal Balance
(1)
Related Allowance
 
 
 
(Dollars in thousands)
 
 
Residential real estate
$
228

$
238

$
47

 
 
Commercial real estate
193

193

9

 
 
Commercial
12

13

10

 
 
With an allowance recorded
433

444

66

 
 
 
 
 
 
 
 
Residential real estate
1,450

2,039

—

 
 
Construction real estate
119

135

—

 
 
Commercial real estate
2,083

2,174

—

 
 
Commercial
340

340

—

 
 
With no allowance recorded
3,992

4,688

—

 
 
 
 
 
 
 
 
Residential real estate
1,678

2,277

47

 
 
Construction real estate
119

135

—

 
 
Commercial real estate
2,276

2,367

9

 
 
Commercial
352

353

10

 
 
Total
$
4,425

$
5,132

$
66

 
 
____________________
(1)
Does not reflect government guaranties on impaired loans as of December 31, 2018 totaling $641 thousand.
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
The following is a summary of TDR loans by class of loan as of the balance sheet dates:
 
September 30, 2019
December 31, 2018
 
Number of Loans
Principal Balance
Number of Loans
Principal Balance
 
(Dollars in thousands)
Residential real estate
26

$
1,595

27

$
1,678

Construction real estate
2

106

2

119

Commercial real estate
8

992

9

1,172

Commercial
4

288

4

340

Total
40

$
2,981

42

$
3,309
New Troubled Debt Restructurings on Financing Receivables [Table Text Block]
The following tables provide new TDR activity for the three and nine months ended September 30, 2019 and 2018:
 
New TDRs During the
New TDRs During the
 
Three Months Ended September 30, 2019
Nine Months Ended September 30, 2019
 
Number of Loans
Pre-Modification Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment
Number of Loans
Pre-Modification Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment
 
(Dollars in thousands)
Residential real estate
—

$
—

$
—

1

$
77

$
79


 
New TDRs During the
New TDRs During the
 
Three Months Ended September 30, 2018
Nine Months Ended September 30, 2018
 
Number of Loans
Pre-Modification Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment
Number of Loans
Pre-Modification Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment
 
(Dollars in thousands)
Residential real estate
1

$
80

$
81

2

$
176

$
179

Commercial real estate
—

—

—

1

204

204

Commercial
1

18

18

2

31

31