Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ( 3 Loans Segments and classes of loans, excluding loans held for sale, are as follows: At June 30, At December 31, (in thousands) 2019 2018 Real estate mortgage loans: Commercial $ 73,807 $ 82,494 Residential and home equity 127,425 121,454 Construction 35,069 31,601 Total real estate mortgage loans 236,301 235,549 Commercial loans 59,601 51,018 Consumer and other loans 7,582 6,747 Total loans 303,484 293,314 Add (deduct): Net deferred loan costs 471 460 Allowance for loan losses (4,006 ) (3,661 ) Loans, net $ 299,949 $ 290,113 An analysis of the change in allowance for loan losses follows: Real Estate Mortgage Loans Residential Consumer and Home Commercial and Other (in thousands) Commercial Equity Construction Loans Loans Total Three Month Period Ended June 30, 2019 Beginning balance $ 847 $ 1,429 $ 362 $ 1,068 $ 94 $ 3,800 Provision (credit) for loan losses (34 ) 29 63 133 (12 ) 179 Net (charge-offs) recoveries - - - 24 3 27 Ending balance $ 813 $ 1,458 $ 425 $ 1,225 $ 85 $ 4,006 Three Month Period Ended June 30, 2018 Beginning balance $ 977 $ 1,208 $ 372 $ 745 $ 83 $ 3,385 Provision (credit) for loan losses 24 101 28 2 - 155 Net (charge-offs) recoveries - - - 2 (1 ) 1 Ending balance $ 1,001 $ 1,309 $ 400 $ 749 $ 82 $ 3,541 Six Month Period Ended June 30, 2019 Beginning balance $ 917 $ 1,397 $ 391 $ 876 $ 80 $ 3,661 Provision (credit) for loan losses (104 ) 61 34 347 6 344 Net (charge-offs) recoveries - - - 2 (1 ) 1 Ending balance $ 813 $ 1,458 $ 425 $ 1,225 $ 85 $ 4,006 Six Month Period Ended June 30, 2018 Beginning balance $ 894 $ 1,097 $ 331 $ 724 $ 90 $ 3,136 Provision (credit) for loan losses 107 212 69 22 (1 ) 409 Net (charge-offs) recoveries - - - 3 (7 ) (4 ) Ending balance $ 1,001 $ 1,309 $ 400 $ 749 $ 82 $ 3,541 At June 30, 2019 Individually evaluated for impairment: Recorded investment $ 611 $ 1,067 $ - $ 1,122 $ 8 $ 2,808 Balance in allowance for loan losses $ - $ - $ - $ 435 $ 8 $ 443 Collectively evaluated for impairment: Recorded investment $ 73,196 $ 126,358 $ 35,069 $ 58,479 $ 7,574 $ 300,676 Balance in allowance for loan losses $ 813 $ 1,458 $ 425 $ 790 $ 77 $ 3,563 At December 31, 2018 Individually evaluated for impairment: Recorded investment $ 611 $ 409 $ - $ 205 $ 6 $ 1,231 Balance in allowance for loan losses $ - $ - $ - $ 205 $ 6 $ 211 Collectively evaluated for impairment: Recorded investment $ 81,883 $ 121,045 $ 31,601 $ 50,813 $ 6,741 $ 292,083 Balance in allowance for loan losses $ 917 $ 1,397 $ 391 $ 671 $ 74 $ 3,450 The Company has divided the loan portfolio into three five Real Estate Mortgage Loans. three Commercial. three five may five may five Residential and Home Equity. first second one four may 1 3 5 7 15 30 Construction. one two one ten not third may Commercial Loans. not third five may not one 504 7A 504 7A may Other factors of risk could include changes in the borrower's management and fluctuations in collateral value. Additionally, there may Cons umer and Other Loans . may not not The following summarizes the loan credit quality: Real Estate Mortgage Loans Residential Consumer and Home Commercial and Other (in thousands) Commercial Equity Construction Loans Loans Total At June 30, 2019: Grade: Pass $ 71,586 $ 123,673 $ 34,589 $ 56,178 $ 7,550 $ 293,576 Special mention 1,610 2,634 480 1,172 32 5,928 Substandard 611 1,118 - 2,251 - 3,980 Doubtful - - - - - - Loss - - - - - - Total $ 73,807 $ 127,425 $ 35,069 $ 59,601 $ 7,582 $ 303,484 At December 31, 2018: Grade: Pass $ 77,650 $ 118,368 $ 31,601 $ 47,858 $ 6,657 $ 282,134 Special mention 4,233 2,875 - 2,184 84 9,376 Substandard 611 211 - 976 6 1,804 Doubtful - - - - - - Loss - - - - - - Total $ 82,494 $ 121,454 $ 31,601 $ 51,018 $ 6,747 $ 293,314 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. Loans classified as substandard or special mention are reviewed quarterly by the Company for further deterioration or improvement to determine if they are appropriately classified and whether there is any impairment. All loans are graded upon initial issuance. Furthermore, construction loans, nonowner-occupied commercial real estate loans, and commercial loan relationships in excess of $500,000 Loans excluded from the review process above are generally classified as pass credits until: (a) they become past due; (b) management becomes aware of deterioration in the credit worthiness of the borrower; or (c) the client contacts the Company for a modification. In these circumstances, the loan is specifically evaluated for potential classification as to special mention, substandard or even charged-off. The Company uses the following definitions for risk ratings: Pass Special Mention may not not Substandard not Doubtful one Loss not not no Age analysis of past due loans is as follows: Accruing Loans Greater Than 30-59 Days 60-89 Days 90 Days Total Past Nonaccrual Total (in thousands) Past Due Past Due Past Due Due Current Loans Loans At June 30, 2019: Real estate mortgage loans: Commercial $ - $ - $ - $ - $ 73,807 $ - $ 73,807 Residential and home equity 50 - - 50 126,308 1,067 127,425 Construction - - - - 35,069 - 35,069 Commercial loans - 638 - 638 58,068 895 59,601 Consumer and other loans - - - - 7,582 - 7,582 Total $ 50 $ 638 $ - $ 688 $ 300,834 $ 1,962 $ 303,484 At December 31, 2018: Real estate mortgage loans: Commercial $ - $ - $ - $ - $ 82,494 $ - $ 82,494 Residential and home equity 134 30 - 164 121,129 161 121,454 Construction - - - - 31,601 - 31,601 Commercial loans 98 - - 98 50,745 175 51,018 Consumer and other loans - - - - 6,741 6 6,747 Total $ 232 $ 30 $ - $ 262 $ 292,710 $ 342 $ 293,314 The following summarizes the amount of impaired loans: With No Related Allowance Recorded With an Allowance Recorded Total Unpaid Unpaid Unpaid Contractual Contractual Contractual Recorded Principal Recorded Principal Related Recorded Principal Related (in thousands) Investment Balance Investment Balance Allowance Investment Balance Allowance At June 30, 2019: Real estate mortgage loans: Commercial $ 611 $ 611 $ - $ - $ - $ 611 $ 611 $ - Residential and home equity 1,067 1,067 - - - 1,067 1,067 - Commercial loans - - 1,122 1,122 435 1,122 1,122 435 Consumer and other loans - - 8 8 8 8 8 8 $ 1,678 $ 1,678 $ 1,130 $ 1,130 $ 443 $ 2,808 $ 2,808 $ 443 At December 31, 2018: Real estate mortgage loans: Commercial real estate $ 611 $ 611 $ - $ - $ - $ 611 $ 611 $ - Residential and home equity 409 409 - - - 409 409 - Commercial loans - - 205 205 205 205 205 205 Consumer and other loans - - 6 6 6 6 6 6 Total $ 1,020 $ 1,020 $ 211 $ 211 $ 211 $ 1,231 $ 1,231 $ 211 The average net investment in impaired loans and interest income recognized and received on impaired loans are as follows: Three Months Ended June 30, 2019 2018 Average Interest Interest Average Interest Interest Recorded Income Income Recorded Income Income (in thousands) Investment Recognized Received Investment Recognized Received Real estate mortgage loans: Commercial $ 611 $ 8 $ 8 $ 611 $ - $ - Residential and home equity 439 - 2 251 1 - Commercial loans 455 4 6 156 - - Consumer 19 - - - - - Total $ 1,524 $ 12 $ 16 $ 1,018 $ 1 $ - Six Months Ended June 30, 2019 2018 Average Interest Interest Average Interest Interest Recorded Income Income Recorded Income Income (in thousands) Investment Recognized Received Investment Recognized Received Real estate mortgage loans: Commercial $ 611 $ 16 $ 16 $ 328 $ - $ - Residential and home equity 430 4 5 212 1 - Construction - 1 1 - - 2 Commercial loans 343 4 6 152 - - Consumer 14 - - - - - Total $ 1,398 $ 25 $ 28 $ 692 $ 1 $ 2 There were no June 30, 2019 2018 The restructuring of a loan constitutes a troubled debt restructuring (“TDR”) if the creditor grants a concession to the debtor that it would not may not two three six June 30, 2019 one three six June 30, 2018 Three Months Ended June 30, 2019 2018 Pre- Post- Current Pre- Post- Current Modification Modification Modification Modification Modification Modification Number Outstanding Outstanding Outstanding Number Outstanding Outstanding Outstanding of Recorded Recorded Recorded of Recorded Recorded Recorded Contracts Investment Investment Investment Contracts Investment Investment Investment ( dollars in thousands) Troubled Debt Restructurings - Modified principal Commercial real estate - $ - $ - $ - 1 $ 619 $ 611 $ 611 Residential and home equity 1 66 66 66 - - - - Commercial 1 60 60 60 - - - - Total 2 $ 126 $ 126 $ 126 1 $ 619 $ 611 $ 611 Six Months Ended June 30, 2019 2018 Pre- Post- Current Pre- Post- Current Modification Modification Modification Modification Modification Modification Number Outstanding Outstanding Outstanding Number Outstanding Outstanding Outstanding of Recorded Recorded Recorded of Recorded Recorded Recorded Contracts Investment Investment Investment Contracts Investment Investment Investment ( dollars in thousands) Troubled Debt Restructurings - Modified principal Commercial real estate - $ - $ - $ - 1 $ 619 $ 611 $ 611 Residential and home equity 1 66 66 66 - - - - Commercial 1 60 60 60 - - - - Total 2 $ 126 $ 126 $ 126 1 $ 619 $ 611 $ 611 At June 30, 2019 $757,000 three six June 30, 2019 2018 not |