Allowance for Loan Losses | Note 4. Allowance for Loan Losses The following tables present, as of March 31, 2017, December 31, 2016 and March 31, 2016, the total allowance for loan losses, the allowance by impairment methodology and loans by impairment methodology (in thousands): March 31, 2017 Construction Secured by 1-4 Other Real Commercial Consumer Total Allowance for loan losses: Beginning Balance, December 31, 2016 $ 441 $ 1,019 $ 3,142 $ 380 $ 339 $ 5,321 Charge-offs — — — — (106 ) (106 ) Recoveries 1 128 47 5 55 236 Provision for (recovery of) loan losses 39 (187 ) 78 (10 ) 80 — Ending Balance, March 31, 2017 $ 481 $ 960 $ 3,267 $ 375 $ 368 $ 5,451 Ending Balance: Individually evaluated for impairment — 31 — — — 31 Collectively evaluated for impairment 481 929 3,267 375 368 5,420 Loans: Ending Balance $ 36,024 $ 205,623 $ 216,591 $ 29,192 $ 10,340 $ 497,770 Individually evaluated for impairment 2,022 1,443 977 71 — 4,513 Collectively evaluated for impairment 34,002 204,180 215,614 29,121 10,340 493,257 December 31, 2016 Construction Secured by 1-4 Other Real Commercial Consumer Total Allowance for loan losses: Beginning Balance, December 31, 2015 $ 1,532 $ 939 $ 2,534 $ 306 $ 213 $ 5,524 Charge-offs — (83 ) (165 ) — (540 ) (788 ) Recoveries 4 293 2 11 275 585 Provision for (recovery of) loan losses (1,095 ) (130 ) 771 63 391 — Ending Balance, December 31, 2016 $ 441 $ 1,019 $ 3,142 $ 380 $ 339 $ 5,321 Ending Balance: Individually evaluated for impairment — 37 — — — 37 Collectively evaluated for impairment 441 982 3,142 380 339 5,284 Loans: Ending Balance $ 34,699 $ 198,763 $ 211,210 $ 29,981 $ 11,414 $ 486,067 Individually evaluated for impairment 1,973 1,828 984 75 — 4,860 Collectively evaluated for impairment 32,726 196,935 210,226 29,906 11,414 481,207 March 31, 2016 Construction Secured by 1-4 Other Real Commercial Consumer Total Allowance for loan losses: Beginning Balance, December 31, 2015 $ 1,532 $ 939 $ 2,534 $ 306 $ 213 $ 5,524 Charge-offs — (2 ) — — (118 ) (120 ) Recoveries 1 9 — 3 103 116 Provision for (recovery of) loan losses (163 ) 38 117 (12 ) 20 — Ending Balance, March 31, 2016 $ 1,370 $ 984 $ 2,651 $ 297 $ 218 $ 5,520 Ending Balance: Individually evaluated for impairment 222 22 190 — — 434 Collectively evaluated for impairment 1,148 962 2,461 297 218 5,086 Loans: Ending Balance $ 31,505 $ 196,165 $ 191,306 $ 24,215 $ 10,885 $ 454,076 Individually evaluated for impairment 2,675 2,062 2,990 89 — 7,816 Collectively evaluated for impairment 28,830 194,103 188,316 24,126 10,885 446,260 Impaired loans and the related allowance at March 31, 2017, December 31, 2016 and March 31, 2016, were as follows (in thousands): March 31, 2017 Unpaid Recorded Recorded Total Related Average Interest Real estate loans: Construction and land development $ 2,455 $ 2,022 $ — $ 2,022 $ — $ 1,922 $ 13 Secured by 1-4 1,469 1,358 85 1,443 31 1,781 16 Other real estate loans 1,206 977 — 977 — 980 19 Commercial and industrial 89 71 — 71 — 73 1 Total $ 5,219 $ 4,428 $ 85 $ 4,513 $ 31 $ 4,756 $ 49 December 31, 2016 Unpaid Recorded Recorded Total Related Average Interest Real estate loans: Construction and land development $ 2,388 $ 1,973 $ — $ 1,973 $ — $ 2,407 $ 66 Secured by 1-4 1,851 1,675 153 1,828 37 2,013 87 Other real estate loans 1,213 984 — 984 — 2,529 22 Commercial and industrial 93 75 — 75 — 85 1 Total $ 5,545 $ 4,707 $ 153 $ 4,860 $ 37 $ 7,034 $ 176 March 31, 2016 Unpaid Recorded Recorded Total Related Average Interest Real estate loans: Construction and land development $ 2,897 $ 2,253 $ 422 $ 2,675 $ 222 $ 2,593 $ 16 Secured by 1-4 2,136 2,040 22 2,062 22 2,059 24 Other real estate loans 3,549 2,436 554 2,990 190 3,069 8 Commercial and industrial 104 89 — 89 — 92 — Total $ 8,686 $ 6,818 $ 998 $ 7,816 $ 434 $ 7,813 $ 48 The “Recorded Investment” amounts in the table above represent the outstanding principal balance on each loan represented in the table. The “Unpaid Principal Balance” represents the outstanding principal balance on each loan represented in the table plus any amounts that have been charged off on each loan and/or payments that have been applied towards principal on non-accrual As of March 31, 2017, loans classified as troubled debt restructurings (TDRs) and included in impaired loans in the disclosure above totaled $454 thousand. At March 31, 2017, $296 thousand of the loans classified as TDRs were performing under the restructured terms and were not considered non-performing For the three months ended March 31, 2017 and 2016, there were no troubled debt restructurings that subsequently defaulted within twelve months of the loan modification. Management defines default as over ninety days past due or the foreclosure and repossession of the collateral or charge-off |