LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Mar. 31, 2020


	March 31,			December 31,
	2020			2019
(dollars in thousands)	Amount		%	Amount		%
Consumer	$	12,700	5	$	12,076	4
Residential real estate		80,782	29		81,033	28
Indirect		95,093	34		102,384	36
Commercial		13,172	5		11,907	4
Construction		2,563	1		3,317	1
Commercial real estate		72,650	26		74,021	27
Loans, net of deferred fees and costs		276,960	100		284,738	100
Less: Allowance for loan losses		(1,918)			(2,066)
Loans, net	$	275,042		$	282,672

Schedule of total allowance by loan segment



March 31, 2020			Residential								Commercial
(dollars in thousands)	Consumer		Real Estate		Indirect		Commercial		Construction		Real Estate		Total

Balance, beginning of year	$	122	$	589	$	917	$	38	$	11	$	389	$	2,066
Charge-offs		—		—		(125)		—		—		—		(125)
Recoveries		4		3		30		20		—		—		57
Provision for loan losses		(4)		(45)		20		(21)		(2)		(28)		(80)

Balance, end of quarter	$	122	$	547	$	842	$	37	$	9	$	361	$	1,918

Individually evaluated for impairment:
Balance in allowance	$	11	$	—	$	—	$	—	$	—	$	—	$	11
Related loan balance		86		617		—		—		—		3,627		4,330

Collectively evaluated for impairment:
Balance in allowance	$	111	$	547	$	842	$	37	$	9	$	361	$	1,907
Related loan balance		12,614		80,165		95,093		13,172		2,563		69,023		272,630



December 31, 2019			Residential								Commercial
(dollars in thousands)	Consumer		Real Estate		Indirect		Commercial		Construction		Real Estate		Total

Balance, beginning of year	$	161	$	864	$	988	$	241	$	4	$	283	$	2,541
Charge-offs		(69)		(16)		(504)		(27)		—		—		(616)
Recoveries		16		5		225		10		—		—		256
Provision for loan losses		14		(264)		208		(186)		7		106		(115)

Balance, end of year	$	122	$	589	$	917	$	38	$	11	$	389	$	2,066

Individually evaluated for impairment:
Balance in allowance	$	15	$	—	$	—	$	—	$	—	$	—	$	15
Related loan balance		86		631		—		—		—		3,680		4,397

Collectively evaluated for impairment:
Balance in allowance	$	107	$	589	$	917	$	38	$	11	$	389	$	2,051
Related loan balance		11,990		80,402		102,384		11,907		3,317		70,341		280,341

Schedule of allowances for credit losses


	March 31,			March 31,
(dollars in thousands)	2020			2019
Average loans	$	281,335		$	299,506
Net charge offs to average loans (annualized)		0.10	%		0.15	%

Schedule of reserve for unfunded commitments


	Three Months Ended
	Ended March 31,
(dollars in thousands)	2020		2019
Beginning balance	$	37	$	35
Reduction of unfunded reserve		—		(9)
Provisions charged to operations		13		—

Ending balance	$	50	$	26

Schedule of current, past due, and non-accrual loans by categories of loans and restructured loans


At March 31, 2020					90 Days or
(dollars in thousands)			30-89 Days		More and
	Current		Past Due		Still Accruing		Nonaccrual		Total

Consumer	$	12,522	$	46	$	—	$	132	$	12,700
Residential Real Estate		80,042		8		19		713		80,782
Indirect		94,393		564		—		136		95,093
Commercial		13,172		—		—		—		13,172
Construction		2,563		—		—		—		2,563
Commercial Real Estate		68,808		735		—		3,107		72,650

	$	271,500	$	1,353	$	19	$	4,088	$	276,960


At December 31, 2019					90 Days or
(dollars in thousands)			30-89 Days		More and
	Current		Past Due		Still Accruing		Nonaccrual		Total

Consumer	$	11,865	$	74	$	—	$	137	$	12,076
Residential Real Estate		80,192		92		21		728		81,033
Indirect		101,605		656		—		123		102,384
Commercial		11,907		—		—		—		11,907
Construction		3,317		—		—		—		3,317
Commercial Real Estate		70,882		—		—		3,139		74,021

	$	279,768	$	822	$	21	$	4,127	$	284,738

Schedule of impaired financing receivables


March 31, 2020			Unpaid		Interest				Average
(dollars in thousands)	Recorded		Principal		Income		Specific		Recorded
	Investment		Balance		Recognized		Reserve		Investment
Impaired loans with specific reserves:
Consumer	$	40	$	40	$	1	$	11	$	50
Total impaired loans with specific reserves		40		40		1		11		50


Impaired loans with no specific reserve:
Consumer	$	92	$	92	$	—	$	n/a	$	116
Residential Real Estate		713		768		3		n/a		1,918
Indirect		136		136		—		n/a		152
Commercial Real Estate		3,627		3,627		31		n/a		3,749
Total impaired loans with no specific reserve	$	4,568	$	4,623	$	34		—	$	5,935


December 31, 2019			Unpaid		Interest				Average
(dollars in thousands)	Recorded		Principal		Income		Specific		Recorded
	Investment		Balance		Recognized		Reserve		Investment
Impaired loans with specific reserves:
Consumer	$	26	$	41	$	2	$	15	$	50
Total impaired loans with specific reserves	$	26	$	41	$	2	$	15	$	50

Impaired loans with no specific reserve:
Consumer	$	96	$	96	$	8		n/a	$	122
Residential Real Estate		728		1,497		14		n/a		1,928
Indirect		123		123		6		n/a		—
Commercial Real Estate		3,680		3,680		81		n/a		3,845
Total impaired loans with no specific reserve	$	4,627	$	5,396	$	109		—	$	5,895

Schedule of allowance for loan loss and the unearned income on loans


	March 31,			December 31,
(dollars in thousands)	2020			2019

Troubled debt restructured loans	$	40		$	41
Non-accrual and 90+ days past due and still accruing loans to average loans		1.46	%		1.45	%
Allowance for loan losses to nonaccrual & 90+ days past due and still accruing loans		46.7	%		49.8	%

Schedule of non accrual loans



		Residential			Commercial
(dollars in thousands)	Consumer	Real Estate	Indirect	Commercial	Real Estate	Totals

December 31, 2018	186	956	116	27	662	1,947
Transfers into nonaccrual	134	571	270	86	—	1,061
Loans paid down/payoffs	(8)	(283)	(8)	—	(16)	(315)
Loans returned to accrual status	—	—	(19)	—	—	(19)
Loans charged off	—	(12)	(173)	(27)	—	(212)

March 31, 2019	312	1,232	186	86	646	2,462


December 31, 2019	137	728	123	—	3,139	4,127
Transfers into nonaccrual	—	—	177	—	—	177
Loans paid down/payoffs	(5)	(15)	(22)	—	(32)	(74)
Loans returned to accrual status	—	—	(17)	—	—	(17)
Loans charged off	—	—	(125)	—	—	(125)

March 31, 2020	132	713	136	—	3,107	4,088

Schedule of risk ratings of loans by categories of loans

The following tables provides information with respect to the Company's credit quality indicators by loan portfolio segment at March 31, 2020 and December 31, 2019:



March 31, 2020			Residential								Commercial
(dollars in thousands)	Consumer		Real Estate		Indirect		Commercial		Construction		Real Estate		Total

Pass	$	12,568	$	80,069	$	94,957	$	13,172	$	2,563	$	69,023	$	272,352
Special mention		—		—		—		—		—		—		—
Substandard		132		713		83		—		—		3,627		4,555
Doubtful		—		—		53		—		—		—		53
Loss		—		—		—		—		—		—		—

	$	12,700	$	80,782	$	95,093	$	13,172	$	2,563	$	72,650	$	276,960

Nonaccrual	$	132	$	713	$	136	$	—	$	—	$	3,107	$	4,088
Troubled debt restructures	$	40	$	—	$	—	$	—	$	—	$	—	$	40
Number of TDRs accounts		1		—		—		—		—		—		1
Non-performing TDRs	$	40	$	—	$	—	$	—	$	—	$	—	$	40
Number of non-performing TDR accounts		1		—		—		—		—		—		1



December 31, 2019			Residential								Commercial
(dollars in thousands)	Consumer		Real Estate		Indirect		Commercial		Construction		Real Estate		Total

Pass	$	11,939	$	80,305	$	102,261	$	11,907	$	3,317	$	70,341	$	280,070
Special mention		—		—		—		—		—		—		—
Substandard		137		728		44		—		—		3,680		4,589
Doubtful		—		—		79		—		—		—		79
Loss		—		—		—		—		—		—		—

	$	12,076	$	81,033	$	102,384	$	11,907	$	3,317	$	74,021	$	284,738

Nonaccrual	$	137	$	728	$	123	$	—	$	—	$	3,139	$	4,127
Troubled debt restructures	$	41	$	—	$	—	$	—	$	—	$	—	$	41
Number of TDRs accounts		1		—		—		—		—		—		1
Non-performing TDRs	$	41	$	—	$	—	$	—	$	—	$	—	$	41
Number of non-performing TDR accounts		1		—		—		—		—		—		1