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 September 30, At December 31, (in thousands) 2019 2018 Real estate mortgage loans: Commercial $ 78,024 $ 82,494 Residential and home equity 128,918 121,454 Construction 41,149 31,601 Total real estate mortgage loans 248,091 235,549 Commercial loans 63,471 51,018 Consumer and other loans 7,699 6,747 Total loans 319,261 293,314 Add (deduct): Net deferred loan costs 528 460 Allowance for loan losses (3,982 ) (3,661 ) Loans, net $ 315,807 $ 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 September 30, 2019 Beginning balance $ 813 $ 1,458 $ 425 $ 1,225 $ 85 $ 4,006 Provision (credit) for loan losses 48 17 76 76 24 241 Net (charge-offs) recoveries - - - (260 ) (5 ) (265 ) Ending balance $ 861 $ 1,475 $ 501 $ 1,041 $ 104 $ 3,982 Three Month Period Ended September 30, 2018 Beginning balance $ 1,001 $ 1,309 $ 400 $ 749 $ 82 $ 3,541 Provision (credit) for loan losses (61 ) 79 (12 ) 126 3 135 Net (charge-offs) recoveries - - (3 ) 1 - (2 ) Ending balance $ 940 $ 1,388 $ 385 $ 876 $ 85 $ 3,674 Nine Month Period Ended September 30, 2019 Beginning balance $ 917 $ 1,397 $ 391 $ 876 $ 80 $ 3,661 Provision (credit) for loan losses (56 ) 78 110 423 30 585 Net (charge-offs) recoveries - - - (258 ) (6 ) (264 ) Ending balance $ 861 $ 1,475 $ 501 $ 1,041 $ 104 $ 3,982 Nine Month Period Ended September 30, 2018 Beginning balance $ 894 $ 1,097 $ 331 $ 724 $ 90 $ 3,136 Provision (credit) for loan losses 46 291 57 148 2 544 Net (charge-offs) recoveries - - (3 ) 4 (7 ) (6 ) Ending balance $ 940 $ 1,388 $ 385 $ 876 $ 85 $ 3,674 At September 30, 2019 Individually evaluated for impairment: Recorded investment $ 611 $ 1,133 $ - $ 1,482 $ 26 $ 3,252 Balance in allowance for loan losses $ - $ - $ - $ 229 $ 26 $ 255 Collectively evaluated for impairment: Recorded investment $ 77,413 $ 127,785 $ 41,149 $ 61,989 $ 7,673 $ 316,009 Balance in allowance for loan losses $ 861 $ 1,475 $ 501 $ 812 $ 78 $ 3,727 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 September 30, 2019: Grade: Pass $ 75,839 $ 125,157 $ 40,669 $ 60,357 $ 7,646 $ 309,668 Special mention 1,574 2,628 480 1,157 52 5,891 Substandard 611 1,133 - 1,957 1 3,702 Doubtful - - - - - - Loss - - - - - - Total $ 78,024 $ 128,918 $ 41,149 $ 63,471 $ 7,699 $ 319,261 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 September 30, 2019: Real estate mortgage loans: Commercial $ - $ - $ - $ - $ 78,024 $ - $ 78,024 Residential and home equity - 254 - 254 127,532 1,132 128,918 Construction - - - - 41,149 - 41,149 Commercial loans - - - - 62,001 1,470 63,471 Consumer and other loans - - - - 7,698 1 7,699 Total $ - $ 254 $ - $ 254 $ 316,404 $ 2,603 $ 319,261 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 September 30, 2019: Real estate mortgage loans: Commercial $ 611 $ 611 $ - $ - $ - $ 611 $ 611 $ - Residential and home equity 1,133 1,133 - - - 1,133 1,133 - Commercial loans - - 1,482 1,482 229 1,482 1,482 229 Consumer and other loans - - 26 26 26 26 26 26 Total $ 1,744 $ 1,744 $ 1,508 $ 1,508 $ 255 $ 3,252 $ 3,252 $ 255 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 September 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 1,106 - 1 251 1 - Commercial loans 1,362 1 6 156 - - Consumer 8 - - - - - Total $ 3,087 $ 9 $ 15 $ 1,018 $ 1 $ - Nine Months Ended September 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 $ 24 $ 24 $ 328 $ - $ - Residential and home equity 658 5 7 212 1 - Construction - - - - - 2 Commercial loans 616 5 12 152 - - Consumer 11 - - - - - Total $ 1,896 $ 34 $ 43 $ 692 $ 1 $ 2 There were no September 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 one three three nine September 30, 2019 one three nine September 30, 2018 Three Months Ended September 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 1 204 204 204 - - - - Total 1 $ 204 $ 204 $ 204 - $ - $ - $ - Nine Months Ended September 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 2 264 264 264 - - - - Total 3 $ 330 $ 330 $ 330 1 $ 619 $ 611 $ 611 At September 30, 2019 $952,000 three nine September 30, 2019 2018 not |