b'Pre-Modification Post-ModificationDecember 31, 2018: Number of Outstanding Recorded Outstanding RecordedTroubled Debt Restructurings: Contracts Investment InvestmentSecured by Real Estate:1-4 Family 1st Lien 1 $20,224 $19,6741-4 Family Jr.Lien - - - 5+ multi family- Secured by construction, land and land development - Secured by farmland - - - Secured by nonfarm nonresidential - Commercial and industrial loans - Consumer loans - - - Other loans -Leases - - - Troubled Debt Restructurings That Number of Subsequently Defaulted: Contracts Recorded InvestmentSecured by Real Estate:1-4 Family 1st Lien 3 $207,4431-4 Family Jr.Lien 5+ multi family- -Secured by construction, land and land development - -Secured by farmland - -Secured by nonfarm nonresidential Commercial and industrial loans - -Consumer loans Other loans - -Leases - - The Bank did not have any commitments to loan additional funds to borrowers whose loans have been classified as TDRs. NOTE 5.LOAN SERVICINGMortgage and commercial loans serviced for others are not included in the accompanying financial statements.The unpaid principal balances of mortgage and commercial loans serviced for others were $2,603,120 and $2,731,492 at December 31, 2019 and 2018, respectively.Custodial balances maintained in connection with the foregoing loan servicing, and included in demand deposits, were $2,808 and $2,501 at December 31, 2019 and 2018, respectively.The Bank did not capitalize or have any amortization of mortgage servicing rights in 2019 or 2018.There were no assets or liabilities for mortgage servicing rights at December 31, 2019 or 2018.NOTE 6.LEASE PURCHASE AGREEMENT In August 2017, the Bank executed a Lease Purchase Agreement with the Board of Education of Morgan County West Virginia (Board). The purpose of the agreement was to provide for the Banks advance of $1,000,000 to the Board to finance the Boards acquisition of equipment for facilities at Berkeley Springs High School. The Bank deposited funds into a special account of the Board, designated as the 2015 Qualified Zone Academy Bond (QZAB) AllocationBoard of Education of the Morgan County Project Fund (Fund). The Fund will be invested in a savings account with the Bank until utilized. As of December 31, 2019 and 2018 respectively, the savings account with the 27'