Loans and Credit Quality | oans and Credit Quality The following table presents total portfolio loans by portfolio segment and class of financing receivable, based on the Company's asset quality rating ("AQR") criteria: (In Thousands) Commercial Real estate construction one-to-four family Real estate construction other Real estate term owner occupied Real estate term non-owner occupied Real estate term other Consumer secured by 1st deeds of trust Consumer other Total March 31, 2020 AQR Pass $417,970 $33,920 $73,507 $135,880 $296,153 $39,915 $15,240 $24,232 $1,036,817 AQR Special Mention 2,117 1,507 — 3,733 17,319 1,190 178 — 26,044 AQR Substandard 14,699 915 — 6,840 — 1,176 87 117 23,834 AQR Doubtful 46 — — — — — — — 46 AQR Loss — — — — — — 69 — 69 Subtotal $434,832 $36,342 $73,507 $146,453 $313,472 $42,281 $15,574 $24,349 $1,086,810 Less: Unearned origination fees, net of origination costs (4,937 ) Total loans $1,081,873 December 31, 2019 AQR Pass $394,107 $34,132 $61,808 $129,959 $295,482 $38,771 $15,860 $24,464 $994,583 AQR Special Mention 2,279 3,337 — 3,828 17,478 2,559 179 — 29,660 AQR Substandard 16,304 1,349 — 5,104 — 1,176 159 121 24,213 Subtotal $412,690 $38,818 $61,808 $138,891 $312,960 $42,506 $16,198 $24,585 $1,048,456 Less: Unearned origination fees, net of origination costs (5,085 ) Total loans $1,043,371 Nonaccrual loans: Nonaccrual loans net of government guarantees totaled $13.4 million and $14.0 million at March 31, 2020 and December 31, 2019 , respectively. Nonaccrual loans at the periods indicated are presented below by segment: (In Thousands) 30-59 Days 60-89 Days Greater Than Current Total March 31, 2020 Commercial $4,285 $308 $3,030 $1,717 $9,340 Real estate construction one-to-four family — — 915 — 915 Real estate term owner occupied 1,029 637 1,614 179 3,459 Real estate term other — — 1,176 — 1,176 Consumer secured by 1st deeds of trust — — — 67 67 Consumer other 30 — — 87 117 Total nonperforming loans 5,344 945 6,735 2,050 15,074 Government guarantees on nonaccrual loans (340 ) — — (1,331 ) (1,671 ) Net nonaccrual loans $5,004 $945 $6,735 $719 $13,403 December 31, 2019 Commercial $270 $385 $2,862 $5,636 $9,153 Real estate construction one-to-four family — — 1,349 — 1,349 Real estate term owner occupied 1,641 — 623 1,225 3,489 Real estate term other — — 1,176 — 1,176 Consumer secured by 1st deeds of trust — — — 68 68 Consumer other 26 89 — 6 121 Total nonperforming loans 1,937 474 6,010 6,935 15,356 Government guarantees on nonaccrual loans (268 ) — — (1,137 ) (1,405 ) Net nonaccrual loans $1,669 $474 $6,010 $5,798 $13,951 Past Due Loans: Past due loans and nonaccrual loans at the periods indicated are presented below by segment: (In Thousands) 30-59 Days Past Due Still Accruing 60-89 Days Past Due Still Accruing Greater Than 90 Days Still Accruing Total Past Due Nonaccrual Current Total March 31, 2020 Commercial $561 $237 $— $798 $9,340 $424,694 $434,832 Real estate construction one-to-four family — — — — 915 35,427 36,342 Real estate construction other — — — — — 73,507 73,507 Real estate term owner occupied 2,502 — — 2,502 3,459 140,492 146,453 Real estate term non-owner occupied — — — — — 313,472 313,472 Real estate term other — — — — 1,176 41,105 42,281 Consumer secured by 1st deed of trust 254 — — 254 67 15,253 15,574 Consumer other — — — — 117 24,232 24,349 Subtotal $3,317 $237 $— $3,554 $15,074 $1,068,182 $1,086,810 Less: Unearned origination fees, net of origination costs (4,937 ) Total $1,081,873 December 31, 2019 Commercial $270 $— $— $270 $9,153 $403,267 $412,690 Real estate construction one-to-four family — — — — 1,349 37,469 38,818 Real estate construction other — — — — — 61,808 61,808 Real estate term owner occupied 338 — — 338 3,489 135,064 138,891 Real estate term non-owner occupied — — — — — 312,960 312,960 Real estate term other 26 — — 26 1,176 41,304 42,506 Consumer secured by 1st deed of trust 750 — — 750 68 15,380 16,198 Consumer other 150 — — 150 121 24,314 24,585 Subtotal $1,534 $— $— $1,534 $15,356 $1,031,566 $1,048,456 Less: Unearned origination fees, net of origination costs (5,085 ) Total $1,043,371 Impaired Loans: At March 31, 2020 and December 31, 2019 , the recorded investment in loans that are considered to be impaired was $24.4 million and $24.7 million , respectively. The following table presents information about impaired loans by class as of the periods indicated: (In Thousands) Recorded Investment Unpaid Principal Balance Related Allowance March 31, 2020 With no related allowance recorded Commercial - AQR substandard $9,565 $9,762 $— Real estate construction one-to-four family - AQR substandard 915 915 — Real estate term owner occupied - AQR substandard 6,840 6,840 — Real estate term non-owner occupied - AQR pass 177 177 — Real estate term other - AQR pass 397 397 — Real estate term other - AQR substandard 1,176 1,176 — Consumer secured by 1st deeds of trust - AQR pass 121 121 — Consumer secured by 1st deeds of trust - AQR substandard 87 92 — Consumer secured by 1st deeds of trust - AQR loss 67 67 — Consumer other - AQR substandard 87 92 — Subtotal $19,432 $19,639 $— With an allowance recorded Commercial - AQR substandard $4,988 $4,988 $682 Subtotal $4,988 $4,988 $682 Total Commercial - AQR substandard $14,553 $14,750 $682 Real estate construction one-to-four family - AQR substandard 915 915 — Real estate term owner-occupied - AQR substandard 6,840 6,840 — Real estate term non-owner occupied - AQR pass 177 177 — Real estate term other - AQR pass 397 397 — Real estate term other - AQR substandard 1,176 1,176 — Consumer secured by 1st deeds of trust - AQR pass 121 121 — Consumer secured by 1st deeds of trust - AQR substandard 87 92 — Consumer secured by 1st deeds of trust - AQR loss 67 67 — Consumer other - AQR substandard 87 92 — Total $24,420 $24,627 $682 (In Thousands) Recorded Investment Unpaid Principal Balance Related Allowance December 31, 2019 With no related allowance recorded Commercial - AQR substandard $15,517 $15,582 $— Real estate construction one-to-four family -AQR substandard 1,349 1,349 — Real estate term owner occupied - AQR substandard 5,104 5,104 — Real estate term non-owner occupied - AQR pass 178 178 — Real estate term other - AQR pass 417 417 — Real estate term other - AQR substandard 1,176 1,176 — Consumer secured by 1st deeds of trust - AQR pass 122 122 — Consumer secured by 1st deeds of trust - AQR substandard 159 163 — Consumer other - AQR substandard 90 94 — Subtotal $24,112 $24,185 $— With an allowance recorded Commercial - AQR substandard $561 $561 $17 Subtotal $561 $561 $17 Total Commercial - AQR substandard $16,078 $16,143 $17 Real estate construction one-to-four family -AQR substandard 1,349 1,349 — Real estate term owner occupied - AQR substandard 5,104 5,104 — Real estate term non-owner occupied - AQR pass 178 178 — Real estate term other - AQR pass 417 417 — Real estate term other - AQR substandard 1,176 1,176 — Consumer secured by 1st deeds of trust - AQR pass 122 122 — Consumer secured by 1st deeds of trust - AQR substandard 159 163 — Consumer other - AQR substandard 90 94 — Total $24,673 $24,746 $17 The unpaid principal balance included in the tables above represents the recorded investment at the dates indicated, plus amounts charged off for book purposes. The following tables summarize our average recorded investment and interest income recognized on impaired loans for the three -month periods ended March 31, 2020 and 2019 : Three Months Ended March 31, 2020 2019 (In Thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded Commercial - AQR pass $— $— $2,082 $33 Commercial - AQR substandard 8,383 30 16,796 91 Real estate construction one-to-four family - AQR substandard 1,132 — 2,903 — Real estate term owner occupied- AQR substandard 6,047 28 5,914 34 Real estate term non-owner occupied- AQR pass 177 3 289 5 Real estate term non-owner occupied- AQR substandard — — 931 — Real estate term other - AQR pass 407 7 477 8 Real estate term other - AQR substandard 1,176 — 578 — Consumer secured by 1st deeds of trust - AQR pass 122 3 128 3 Consumer secured by 1st deeds of trust - AQR substandard 89 2 246 2 Consumer secured by 1st deeds of trust - AQR loss 68 — — — Consumer other - AQR substandard 89 — — — Subtotal $17,690 $73 $30,344 $176 With an allowance recorded Commercial - AQR substandard $5,047 $— $844 $— Real estate term other - AQR substandard — — 660 — Consumer secured by 1st deeds of trust - AQR substandard — — 217 — Subtotal $5,047 $— $1,721 $— Total Commercial - AQR pass $— $— $2,082 $33 Commercial - AQR substandard 13,430 30 17,640 91 Real estate construction one-to-four family - AQR substandard 1,132 — 2,903 — Real estate term owner-occupied - AQR substandard 6,047 28 5,914 34 Real estate term non-owner occupied - AQR pass 177 3 289 5 Real estate term non-owner occupied - AQR substandard — — 931 — Real estate term other - AQR pass 407 7 477 8 Real estate term other - AQR substandard 1,176 — 1,238 — Consumer secured by 1st deeds of trust - AQR pass 122 3 128 3 Consumer secured by 1st deeds of trust - AQR substandard 89 2 463 2 Consumer secured by 1st deeds of trust - AQR loss 68 — — — Consumer other - AQR substandard 89 — — — Total Impaired Loans $22,737 $73 $32,065 $176 Troubled Debt Restructurings: Loans classified as troubled debt restructurings (“TDR”) totaled $12.6 million and $10.1 million at March 31, 2020 and December 31, 2019 , respectively. A TDR is a loan to a borrower that is experiencing financial difficulty that has been modified from its original terms and conditions in such a way that the Company is granting the borrower a concession that it would not grant otherwise. The provisions of the CARES Act included an election to not apply the guidance on accounting for troubled debt restructurings to loan modifications, such as extensions or deferrals, related to COVID-19 made between March 1, 2020 and the earlier of (i) December 31, 2020 or (ii) 60 days after the end of the COVID-19 national emergency. The relief can only be applied to modifications for borrowers that were not more than 30 days past due as of December 31, 2019. The Company has elected to adopt these provisions of the CARES Act, however as of March 31, 2020 the Company has not made loan modifications related to COVID-19. The Company has granted a variety of concessions to borrowers in the form of loan modifications. The modifications granted can generally be described in the following categories: Rate Modification : A modification in which the interest rate is changed. Term Modification : A modification in which the maturity date, timing of payments, or frequency of payments is changed. Payment Modification : A modification in which the dollar amount of the payment is changed, or in which a loan is converted to interest only payments for a period of time is included in this category. Combination Modification : Any other type of modification, including the use of multiple categories above. AQR pass graded loans included above in the impaired loan data are loans classified as TDRs. By definition, TDRs are considered impaired loans. All of the Company's TDRs are included in impaired loans. The following table presents the breakout between newly restructured loans that occurred during the three months ended March 31, 2020 and restructured loans that occurred prior to 2020 that are still included in portfolio loans. As discussed above, the CARES Act provided banks an option to elect to not account for certain loan modifications related to COVID-19 as TDRs as long as the borrowers were not more than 30 days past due as of December 31, 2019. The below disclosed restructurings were not related to COVID-19 modifications: Accrual Status Nonaccrual Status Total Modifications (In Thousands) New Troubled Debt Restructurings Commercial - AQR substandard $3,281 $— $3,281 Subtotal $3,281 $— $3,281 Existing Troubled Debt Restructurings $1,108 $8,237 $9,345 Total $4,389 $8,237 $12,626 There were no newly restructured loans that occurred during the three months ended March 31, 2019. The following tables present newly restructured loans that occurred during the three months ended March 31, 2020 , by concession (terms modified): March 31, 2020 Number of Contracts Rate Modification Term Modification Payment Modification Combination Modification Total Modifications (In Thousands) Pre-Modification Outstanding Recorded Investment: Commercial - AQR substandard 1 $— $3,249 $— $— $3,249 Total 1 $— $3,249 $— $— $3,249 Post-Modification Outstanding Recorded Investment: Commercial - AQR substandard 1 $— $3,281 $— $— $3,281 Total 1 $— $3,281 $— $— $3,281 The Company had no commitments to extend additional credit to borrowers whose terms have been modified in TDRs. There were no in charge-offs in the three months ended March 31, 2020 on loans that were newly classified as TDRs during the same period. All TDRs are also classified as impaired loans and are included in the loans individually evaluated for impairment in the calculation of the allowance for loan losses ("Allowance"). There were three TDRs with specific impairment at March 31, 2020 and none at December 31, 2019 . The following table presents TDRs that defaulted within twelve months of restructure and defaulted during the three months ended March 31, 2020 and 2019: March 31, 2020 March 31, 2019 Number of Contracts Recorded Investment Number of Contracts Recorded Investment (In Thousands) Troubled Debt Restructurings that Subsequently Defaulted: Commercial - AQR substandard — $— 3 $1,146 Real estate term owner occupied - AQR substandard — — 2 1,694 Total — $— 5 $2,840 |