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Loans (Tables)
 6 Months Ended
Jun. 30, 2020
Loans and Leases Receivable Disclosure [Abstract]  
Summary of Loans, Net of Unearned Fees
The following table presents the amortized cost of loans held for investment:
Dollars in thousands
 
June 30,
2020
 
December 31,
2019
Commercial
 
$
323,788

 
$
220,452

Commercial real estate - owner occupied
 
 

 
 

Professional & medical
 
100,370

 
81,973

Retail
 
119,794

 
100,993

Other
 
115,979

 
93,253

Commercial real estate - non-owner occupied
 
 
 
 
Hotels & motels
 
119,204

 
128,665

Mini-storage
 
55,828

 
50,913

Multifamily
 
144,583

 
164,398

Retail
 
109,078

 
102,989

Other
 
164,474

 
182,242

Construction and development
 
 

 
 

Land & land development
 
92,706

 
84,112

Construction
 
48,116

 
37,523

Residential 1-4 family real estate
 
 

 
 

Personal residence
 
267,170

 
260,843

Rental - small loan
 
104,055

 
101,080

Rental - large loan
 
76,360

 
63,986

Home equity
 
88,929

 
76,568

Mortgage warehouse lines
 
252,472

 
126,237

Consumer
 
34,640

 
35,021

Other
 
 
 
 
Credit cards
 
1,573

 
1,453

Overdrafts
 
588

 
798

Total loans, net of unearned fees
 
2,219,707

 
1,913,499

Less allowance for credit losses - loans
 
27,166

 
13,074

Loans, net
 
$
2,192,541

 
$
1,900,425
Allowance for Credit Losses on Financing Receivables
The following table presents the activity in the ACLL by portfolio segment during the first six months of 2020:
 
For the Six Months Ended June 30, 2020
 
Allowance for Credit Losses - Loans
Dollars in thousands
Beginning
Balance
Prior to
Adoption of
ASC 326
Impact of
Adoption
of ASC
326
Provision
for
Credit
Losses -
Loans

Adjustment
for PCD
Acquired
Loans
Charge-
offs
Recoveries
Ending
Balance
Commercial
$
1,221

$
1,064

$
1,053

$
—

$
(99
)
$
16

$
3,255

Commercial real estate - owner occupied
 
 
 
 
 
 
 
  Professional & medical
1,058

(390
)
784

—

—

—

1,452

  Retail
820

(272
)
540

153

—

116

1,357

  Other
821

(137
)
402

—

—

—

1,086

Commercial real estate - non-owner occupied
 
 
 
 
 
 
 
  Hotels & motels
1,235

(936
)
1,654

—

—

—

1,953

  Mini-storage
485

(311
)
57

—

—

—

231

  Multifamily
1,534

8

(838
)
—

—

4

708

  Retail
964

279

471

—

(343
)
2

1,373

  Other
1,721

(1,394
)
(12
)
—

—

—

315

Construction and development
 
 
 
 
 
 
 
  Land & land development
600

2,136

1,213

111

(4
)
6

4,062

  Construction
242

996

606

—

—

—

1,844

Residential 1-4 family real estate
 
 
 
 
 
 
 
  Personal residence
1,275

1,282

356

146

(7
)
37

3,089

  Rental - small loan
532

1,453

81

—

(27
)
117

2,156

  Rental - large loan
49

2,884

(98
)
—

—

—

2,835

  Home equity
138

308

635

—

(24
)
9

1,066

Mortgage warehouse lines
—

—

—

—

—

—

—

Consumer
379

(238
)
202

—

(176
)
68

235

Other
 
 
 
 
 
 
 
  Credit cards
—

12

26

—

(30
)
6

14

  Overdrafts
—

182

74

—

(206
)
85

135

Total
$
13,074

$
6,926

$
7,206

$
410

$
(916
)
$
466

$
27,166


The following table presents the activity in the ACLL by portfolio segment for the year ended December 31, 2019, as determined in accordance with ASC 310 prior to the January 1, 2020 adoption of ASC 326:

 
For the Year Ended December 31, 2019
 
Allowance for Credit Losses - Loans
Dollars in thousands
Beginning
 Balance
Charge-
offs
Recoveries
Provision
Ending
Balance
Commercial
$
1,705

$
(281
)
$
17

$
(295
)
$
1,146

Commercial real estate
 
 
 
 
 
Owner occupied
2,214

(2
)
21

467

2,700

Non-owner occupied
5,742

(170
)
1

366

5,939

Construction and development
 
 
 
 
 
   Land & land development
339

(2
)
108

155

600

Construction
64

—

—

178

242

Residential real estate
 
 
 
 
 
Non-jumbo
2,090

(979
)
125

576

1,812

Jumbo
379

—

—

(368
)
11

Home equity
167

(24
)
19

(24
)
138

Mortgage warehouse lines
—

—

—

—

—

Consumer
79

(285
)
168

173

135

Other
268

(360
)
121

322

351

Total
$
13,047

$
(2,103
)
$
580

$
1,550

$
13,074
Impaired Financing Receivables
The following table presents, as of June 30, 2020 segregated by loan portfolio segment, details of the loan portfolio and the ACLL calculated in accordance with our credit loss accounting methodology for loans described above.
 
June 30, 2020
 
Loan Balances
 
Allowance for Credit Losses - Loans
Dollars in thousands
Loans Individually Evaluated
Loans Collectively Evaluated
Total
 
Loans Individually Evaluated
Loans Collectively Evaluated
Total
Commercial
$
4,885

$
318,903

$
323,788

 
$
23

$
3,232

$
3,255

Commercial real estate - owner occupied
 
 
 
 
 
 
 
  Professional & medical
3,819

96,551

100,370

 
1,117

335

1,452

  Retail
6,557

113,237

119,794

 
—

1,357

1,357

  Other
—

115,979

115,979

 
—

1,086

1,086

Commercial real estate - non-owner occupied
 
 
 
 
 
 
 
  Hotels & motels
—

119,204

119,204

 
—

1,953

1,953

  Mini-storage
—

55,828

55,828

 
—

231

231

  Multifamily
—

144,583

144,583

 
—

708

708

  Retail
2,516

106,562

109,078

 
57

1,316

1,373

  Other
5,282

159,192

164,474

 
—

315

315

Construction and development
 
 
 
 
 
 
 
  Land & land development
1,641

91,065

92,706

 
584

3,478

4,062

  Construction
—

48,116

48,116

 
—

1,844

1,844

Residential 1-4 family real estate
 
 
 
 
 
 
 
  Personal residence
611

266,559

267,170

 
—

3,089

3,089

  Rental - small loan
781

103,274

104,055

 
50

2,106

2,156

  Rental - large loan
4,448

71,912

76,360

 
—

2,835

2,835

  Home equity
523

88,406

88,929

 
—

1,066

1,066

Consumer
—

34,640

34,640

 
—

235

235

Other
 
 

 
 
 
 
Credit cards
—

1,573

1,573

 
—

14

14

Overdrafts
—

588

588

 
—

135

135

Mortgage warehouse lines
—

252,472

252,472

 
—

—

—

             Total
$
31,063

$
2,188,644

$
2,219,707

 
$
1,831

$
25,335

$
27,166
Collateral Dependent Financing Receivables And Allowance For Credit Losses on Collateral Dependent Financing Receivables [Table Text Block]
The following table presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ACLL allocated to those loans:
 
June 30, 2020
Dollars in thousands
Real Estate
Secured
Loans
Non-Real Estate
Secured Loans
Total Loans
Allowance for Credit Losses
- Loans
Commercial
$
—

$
4,885

$
4,885

$
23

Commercial real estate - owner occupied
 
 
 
 
  Professional & medical
1,599

—

1,599

881

  Retail
2,268

—

2,268

—

  Other
—

—

—

—

Commercial real estate - non-owner occupied
 
 
 
 
  Hotels & motels
—

—

—

—

  Mini-storage
—

—

—

—

  Multifamily
—

—

—

—

  Retail
651

—

651

50

  Other
2,922

—

2,922

—

Construction and development
 
 
 
 
  Land & land development
1,006

—

1,006

584

  Construction
—

—

—

—

Residential 1-4 family real estate
 
 
 
 
  Personal residence
611

—

611

—

  Rental - small loan
781

—

781

50

  Rental - large loan
4,448

—

4,448

—

  Home equity
—

—

—

—

Consumer
—

—

—

—

Other
 
 
 
 
Credit cards
—

—

—

—

Overdrafts
—

—

—

—

             Total
$
14,286

$
4,885

$
19,171

$
1,588
Schedule of Contractual Aging of Recorded Investment In Past Due Loans By Class
The following table presents the contractual aging of the amortized cost basis of past due loans by class as of June 30, 2020 and December 31, 2019.
 
At June 30, 2020
 
Past Due
 
90 days or more and Accruing
Dollars in thousands
30-59 days
60-89 days
90 days or more
Total
Current
Commercial
$
141

$
138

$
418

$
697

$
323,091

$
—

Commercial real estate - owner occupied
 

 

 

 

 

 

  Professional & medical
—

318

1,737

2,055

98,315

—

  Retail
56

111

2,444

2,611

117,183

—

  Other
265

194

149

608

115,371

—

Commercial real estate - non-owner occupied
 
 
 
 
 
 
  Hotels & motels
—

—

—

—

119,204

—

  Mini-storage
—

—

—

—

55,828

—

  Multifamily
165

—

213

378

144,205

—

  Retail
—

—

827

827

108,251

—

  Other
—

234

52

286

164,188

—

Construction and development
 

 

 

 

 

 

  Land & land development
—

8

14

22

92,684

—

  Construction
—

—

—

—

48,116

—

Residential 1-4 family real estate
 

 

 

 

 

 

  Personal residence
1,536

246

1,225

3,007

264,163

—

  Rental - small loan
309

259

1,274

1,842

102,213

—

  Rental - large loan
—

—

1,120

1,120

75,240

—

  Home equity
342

250

134

726

88,203

—

Mortgage warehouse lines
—

—

—

—

252,472

—

Consumer
126

38

24

188

34,452

—

Other
 
 
 
 
 
 
Credit cards
2

—

2

4

1,569

2

Overdrafts
—

—

—

—

588

—

Total
$
2,942

$
1,796

$
9,633

$
14,371

$
2,205,336

$
2

 
 
At December 31, 2019
 
Past Due
 
90 days or more and Accruing
Dollars in thousands
30-59 days
60-89 days
90 days or more
Total
Current
Commercial
$
216

$
—

$
483

$
699

$
219,753

$
—

Commercial real estate - owner occupied
 

 

 

 

 

 

  Professional & medical
—

137

1,602

1,739

80,234

—

  Retail
118

—

2,434

2,552

98,441

—

  Other
—

—

—

—

93,253

—

Commercial real estate - non-owner occupied
 
 
 
 
 
 
  Hotels & motels
—

—

—

—

128,665

—

  Mini-storage
—

—

—

—

50,913

—

  Multifamily
809

—

7

816

163,582

—

  Retail
71

179

968

1,218

101,771

—

  Other
—

—

387

387

181,855

—

Construction and development
 
 

 

 

 

 

  Land & land development
208

28

188

424

83,688

—

  Construction
—

—

138

138

37,385

—

Residential 1-4 family real estate
 

 

 

 

 

 

  Personal residence
3,361

806

937

5,104

255,739

—

  Rental - small loan
810

21

940

1,771

99,309

—

  Rental - large loan
—

—

—

—

63,986

—

  Home equity
760

—

223

983

75,585

—

Mortgage warehouse lines
—

—

—

—

126,237

—

Consumer
190

79

70

339

34,682

—

Other
 
 
 
 
 
 
Credit cards
19

6

42

67

1,386

42

Overdrafts
—

—

—

—

798

—

Total
$
6,562

$
1,256

$
8,419

$
16,237

$
1,897,262

$
42
Schedule of Financing Receivables, Non Accrual Status The following table presents the nonaccrual loans included in the net balance of loans at June 30, 2020 and December 31, 2019.
 
 
June 30,
 
December 31,
 
 
2020
 
2019
Dollars in thousands
 
Nonaccrual
Nonaccrual
with No
Allowance for
Credit Losses
- Loans
 
Nonaccrual
Nonaccrual
with No
Allowance for
Credit Losses
- Loans
Commercial
 
$
789

$
—

 
$
864

$
76

Commercial real estate - owner occupied
 
 

 
 
 

 
  Professional & medical
 
1,737

—

 
1,602

—

  Retail
 
2,556

2,269

 
2,552

2,262

  Other
 
384

—

 
43

—

Commercial real estate - non-owner occupied
 
 
 
 
 
 
  Hotels & motels
 
—

—

 
—

—

  Mini-storage
 
54

—

 
57

—

  Multifamily
 
213

—

 
38

31

  Retail
 
827

167

 
1,120

527

  Other
 
52

—

 
388

40

Construction and development
 
 

 
 
 

 
  Land & land development
 
14

—

 
188

—

  Construction
 
—

—

 
138

—

Residential 1-4 family real estate
 
 

 
 
 

 
  Personal residence
 
2,413

—

 
2,485

423

  Rental - small loan
 
2,154

81

 
1,635

150

  Rental - large loan
 
1,120

1,120

 
—

—

  Home equity
 
186

—

 
284

—

Mortgage warehouse lines
 
—

—

 
—

—

Consumer
 
27

—

 
74

—

Other
 
 
 
 
 
 
Credit cards
 
—

—

 
—

—

Overdrafts
 
—

—

 
—

—

Total
 
$
12,526

$
3,637

 
$
11,468

$
3,509
Financing Receivable Credit Quality Indicators As of June 30, 2020, based on the most recent analysis performed, the risk category of loans based on year of origination is as follows:
 
 
June 30, 2020
Dollars in thousands
 
Risk Rating
2020
2019
2018
2017
2016
Prior
Revolvi-
ng
Revolving- Term
Total
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
Pass
$
122,162

$
42,472

$
25,792

$
23,244

$
14,459

$
13,816

$
72,786

$
—

$
314,731

 
 
 
Special Mention
51

43

1,963

85

111

924

415

—

3,592

 
 
 
Substandard
1,018

204

228

9

77

105

3,824

—

5,465

Total Commercial
 
 
123,231

42,719

27,983

23,338

14,647

14,845

77,025

—

323,788

 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate
   - Owner Occupied
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Professional & medical
 
Pass
5,887

14,501

2,617

27,485

3,869

35,706

3,005

—

93,070

 
 
 
Special Mention
—

319

—

—

—

5,244

—

—

5,563

 
 
 
Substandard
—

—

—

—

138

1,599

—

—

1,737

Total Professional & Medical
 
 
5,887

14,820

2,617

27,485

4,007

42,549

3,005

—

100,370

 
 
 
 
 
 
 
 
 
 
 
 
 
Retail
 
Pass
19,077

40,260

5,274

11,386

6,172

30,886

2,713

—

115,768

 
 
 
Special Mention
—

—

—

589

7

874

—

—

1,470

 
 
 
Substandard
—

—

—

—

—

2,556

—

—

2,556

Total Retail
 
 
19,077

40,260

5,274

11,975

6,179

34,316

2,713

—

119,794

 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
Pass
13,854

15,167

17,207

9,665

13,522

35,497

9,457

—

114,369

 
 
 
Special Mention
—

—

—

—

—

793

—

—

793

 
 
 
Substandard
—

—

—

360

—

415

42

—

817

Total Other
 
 
13,854

15,167

17,207

10,025

13,522

36,705

9,499

—

115,979

 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial Real Estate -
   Owner Occupied
 
 
38,818

70,247

25,098

49,485

23,708

113,570

15,217

—

336,143

 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate
   - Non-Owner Occupied
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Hotels & motels
 
Pass
3,457

61,307

18,043

9,921

10,483

14,836

1,157

—

119,204

 
 
 
Special Mention
—

—

—

—

—

—

—

—

—

 
 
 
Substandard
—

—

—

—

—

—

—

—

—

Total Hotels & Motels
 
 
3,457

61,307

18,043

9,921

10,483

14,836

1,157

—

119,204

 
 
 
 
 
 
 
 
 
 
 
 
 
Mini-storage
 
Pass
3,983

19,825

15,114

4,066

7,325

5,283

178

—

55,774

 
 
 
Special Mention
—

—

—

—

—

54

—

—

54

 
 
 
Substandard
—

—

—

—

—

—

—

—

—

Total Mini-storage
 
 
3,983

19,825

15,114

4,066

7,325

5,337

178

—

55,828

 
 
 
 
 
 
 
 
 
 
 
 
 
Multifamily
 
Pass
6,409

27,156

27,150

19,154

11,384

50,324

2,692

—

144,269

 
 
 
Special Mention
—

—

—

—

—

101

—

—

101

 
 
 
Substandard
—

—

—

—

—

213

—

—

213

Total Multifamily
 
 
6,409

27,156

27,150

19,154

11,384

50,638

2,692

—

144,583

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2020
Dollars in thousands
 
Risk Rating
2020
2019
2018
2017
2016
Prior
Revolvi-
ng
Revolving- Term
Total
Retail
 
Pass
8,037

24,175

12,349

8,486

5,838

42,831

5,965

—

107,681

 
 
 
Special Mention
—

—

—

176

—

570

—

—

746

 
 
 
Substandard
—

—

—

—

—

651

—

—

651

Total Retail
 
 
8,037

24,175

12,349

8,662

5,838

44,052

5,965

—

109,078

 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
Pass
16,462

21,089

52,054

11,150

27,806

30,271

2,280

—

161,112

 
 
 
Special Mention
—

—

—

—

—

388

—

—

388

 
 
 
Substandard
—

—

—

—

—

2,974

—

—

2,974

Total Other
 
 
16,462

21,089

52,054

11,150

27,806

33,633

2,280

—

164,474

 
 
 
 
 
 
 
 
 
 
 
 
 
Total Commercial Real Estate -
   Non-Owner Occupied
 
 
38,348

153,552

124,710

52,953

62,836

148,496

12,272

—

593,167

 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and Development
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land & land development
 
Pass
4,997

30,603

9,448

4,896

6,844

24,147

9,750

—

90,685

 
 
 
Special Mention
—

—

21

—

—

697

—

—

718

 
 
 
Substandard
—

—

—

—

15

1,288

—

—

1,303

Total Land & land development
 
 
4,997

30,603

9,469

4,896

6,859

26,132

9,750

—

92,706

 
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
Pass
14,807

21,312

4,941

6,162

—

—

894

—

48,116

 
 
 
Special Mention
—

—

—

—

—

—

—

—

—

 
 
 
Substandard
—

—

—

—

—

—

—

—

—

Total Construction
 
 
14,807

21,312

4,941

6,162

—

—

894

—

48,116

 
 
 
 
 
 
 
 
 
 
 
 
 
Total Construction and
   Development
 
 
19,804

51,915

14,410

11,058

6,859

26,132

10,644

—

140,822

 
 
 
 
 
 
 
 
 
 
 
 
 
Residential 1-4 Family Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Personal residence
 
Pass
18,052

29,477

26,425

20,200

24,107

124,972

—

—

243,233

 
 
 
Special Mention
109

188

63

355

76

12,784

—

—

13,575

 
 
 
Substandard
—

157

529

379

370

8,927

—

—

10,362

Total Personal Residence
 
 
18,161

29,822

27,017

20,934

24,553

146,683

—

—

267,170

 
 
 
 
 
 
 
 
 
 
 
 
 
Rental - small loan
 
Pass
8,540

18,345

13,621

11,812

11,493

29,373

4,312

—

97,496

 
 
 
Special Mention
202

486

251

3

200

1,999

435

—

3,576

 
 
 
Substandard
—

—

—

—

71

2,903

9

—

2,983

Total Rental - Small Loan
 
 
8,742

18,831

13,872

11,815

11,764

34,275

4,756

—

104,055

 
 
 
 
 
 
 
 
 
 
 
 
 
Rental - large loan
 
Pass
12,811

6,130

10,941

5,589

8,403

23,459

3,116

—

70,449

 
 
 
Special Mention
—

1,430

—

—

—

33

—

—

1,463

 
 
 
Substandard
—

—

—

—

1,120

3,328

—

—

4,448

Total Rental - Large Loan
 
 
12,811

7,560

10,941

5,589

9,523

26,820

3,116

—

76,360

 
 
 
 
 
 
 
 
 
 
 
 
 
Home equity
 
Pass
85

—

91

60

132

1,824

84,570

—

86,762

 
 
 
Special Mention
—

—

—

40

—

152

1,335

—

1,527

 
 
 
Substandard
—

—

—

—

—

336

304

—

640

Total Home Equity
 
 
85

—

91

100

132

2,312

86,209

—

88,929

 
 
June 30, 2020
Dollars in thousands
 
Risk Rating
2020
2019
2018
2017
2016
Prior
Revolvi-
ng
Revolving- Term
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Residential 1-4 Family Real
   Estate
 
 
39,799

56,213

51,921

38,438

45,972

210,090

94,081

—

536,514

 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage warehouse lines
 
Pass
—

—

—

—

—

—

252,472

—

252,472

 
 
 
Special Mention
—

—

—

—

—

—

—

—

—

 
 
 
Substandard
—

—

—

—

—

—

—

—

—

Total Mortgage Warehouse Lines
 
 
—

—

—

—

—

—

252,472

—

252,472

 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer
 
Pass
7,173

12,350

6,153

2,466

1,700

1,914

711

—

32,467

 
 
 
Special Mention
410

636

318

209

93

69

17

—

1,752

 
 
 
Substandard
126

153

25

19

63

7

28

—

421

Total Consumer
 
 
7,709

13,139

6,496

2,694

1,856

1,990

756

—

34,640

 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit cards
 
Pass
1,573

—

—

—

—

—

—

—

1,573

 
 
 
Special Mention
—

—

—

—

—

—

—

—

—

 
 
 
Substandard
—

—

—

—

—

—

—

—

—

Total Credit Cards
 
 
1,573

—

—

—

—

—

—

—

1,573

 
 
 
 
 
 
 
 
 
 
 
 
 
Overdrafts
 
Pass
588

—

—

—

—

—

—

—

588

 
 
 
Special Mention
—

—

—

—

—

—

—

—

—

 
 
 
Substandard
—

—

—

—

—

—

—

—

—

Total Overdrafts
 
 
588

—

—

—

—

—

—

—

588

 
 
 
 
 
 
 
 
 
 
 
 
 
Total Other
 
 
2,161

—

—

—

—

—

—

—

2,161

 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
$
269,870

$
387,785

$
250,618

$
177,966

$
155,878

$
515,123

$
462,467

$
—

$
2,219,707
Financing Receivable, Troubled Debt Restructuring [Table Text Block]
The following table presents by class the TDRs that were restructured during the six months ended June 30, 2020 and June 30, 2019. Generally, the modifications were extensions of term, modifying the payment terms from principal and interest to interest only for an extended period, or reduction in interest rate.  TDRs are evaluated individually for allowance for credit loss purposes if the loan balance exceeds $500,000, otherwise, smaller balance TDR loans are included in the pools to determine ACLL. There were no restructurings during second quarter of 2020 or 2019.



 
For the Six Months Ended 
 June 30, 2020
 
For the Six Months Ended 
 June 30, 2019
Dollars in thousands
Number of
Modifications
 
Pre-modification
Recorded
Investment
 
Post-modification
Recorded
Investment
 
Number of
Modifications
 
Pre-modification
Recorded
Investment
 
Post-modification
Recorded
Investment
Commercial real estate - owner occupied
 
 
 
 
 
 
 
 
 
 
 
  Other
1

 
$
361

 
$
361

 
1

 
$
325

 
$
325

Commercial real estate - non-owner occupied
 
 
 
 
 
 
 
 
 
 
 
  Multifamily
—

 
—

 
—

 
1

 
35

 
35

  Retail
—

 
—

 
—

 
2

 
162

 
162

  Other
—

 
—

 
—

 
1

 
127

 
127

Residential 1-4 family real estate
 
 
 
 
 
 
 
 
 
 
 
  Personal residence
—

 
—

 
—

 
3

 
151

 
151

  Rental - small loan
—

 
—

 
—

 
4

 
259

 
259

Consumer
—

 
—

 
—

 
1

 
16

 
16

Total
1

 
$
361

 
$
361

 
13

 
$
1,075

 
$
1,075
Schedule of Defaults During Stated Period of Trouble Debt Restructurings
The following tables present defaults during the stated period of TDRs that were restructured during the prior 12 months. For purposes of these tables, a default is considered as either the loan was past due 30 days or more at any time during the period, or the loan was fully or partially charged off during the period.

 
For the Three Months Ended 
 June 30, 2020
 
For the Three Months Ended 
 June 30, 2019
Dollars in thousands
Number
of
Defaults
 
Recorded
Investment
at Default Date
 
Number
of
Defaults
 
Recorded
Investment
at Default Date
Commercial real estate - owner occupied
 
 
 
 
 
 
 
  Other
1

 
$
361

 
—

 
$
—

Commercial real estate - non-owner occupied
 
 
 
 
 
 
 
  Other
—

 
—

 
1

 
126

Residential 1-4 family real estate
 
 
 
 
 
 
 
   Personal residence
—

 
—

 
1

 
47

   Rental - small loan
—

 
—

 
3

 
146

Total
1

 
$
361

 
5

 
$
319



 
For the Six Months Ended 
 June 30, 2020
 
For the Six Months Ended 
 June 30, 2019
Dollars in thousands
Number
of
Defaults
 
Recorded
Investment
at Default Date
 
Number
of
Defaults
 
Recorded
Investment
at Default Date
Commercial real estate - owner occupied
 
 
 
 
 
 
 
Other
1

 
$
361

 
—

 
$
—

Commercial real estate - non-owner occupied
 
 
 
 
 
 
 
Other
—

 
—

 
1

 
126

Residential 1-4 family real estate
 
 
 
 
 
 
 
Personal residence
—

 
—

 
1

 
47

Rental - small loan
—

 
—

 
3

 
146

Total
1

 
$
361

 
5

 
$
319
Purchased Credit Deteriorated Financing Receivables [Table Text Block]
On January 1, 2020, we purchased loans, for which there was, at the time of acquisition, more than significant deterioration of credit quality since origination (PCD loans). The carrying amount of these loans at acquisition is as follows:

Dollars in thousands
 
January 1, 2020
Purchase price of PCD loans at acquisition
 
$
1,877

Allowance for credit losses - loans at acquisition
 
410

Non-credit discount at acquisition
 
159

Par value of PCD loans at acquisition
 
1,308