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Loans Receivable and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2014

Receivables [Abstract]

Summary of Loan Portfolio, Excluding Residential Loans Held for Sale, Broken Out by Classes

The loan portfolio, excluding residential loans held for sale, broken out by classes, as of March 31, 2014 and December 31, 2013 was as follows:

(Dollars in thousands)		March 31, 2014				December 31, 2013
Commercial real estate:
Owner-occupied		$	108,238			$	111,290
Non-owner occupied			139,764				135,953
Multi-family			25,227				22,882
Non-owner occupied residential			52,798				55,272
Acquisition and development:
1-4 family residential construction			3,702				3,338
Commercial and land development			17,086				19,440
Commercial and industrial			36,146				33,446
Municipal			60,927				60,996
Residential mortgage:
First lien			125,280				124,728
Home equity - term			19,630				20,131
Home equity - Lines of credit			78,822				77,377
Installment and other loans			5,662				6,184
		$	673,282			$	671,037

Bank's Ratings Based on its Internal Risk Rating System

The following summarizes the Bank’s ratings based on its internal risk rating system as of March 31, 2014 and December 31, 2013:

(Dollars in thousands)		Pass				Special Mention				Non-Impaired Substandard				Impaired - Substandard				Doubtful				Total
March 31, 2014
Commercial real estate:
Owner-occupied		$	88,920			$	4,285			$	11,097			$	3,502			$	434			$	108,238
Non-owner occupied			111,469				10,304				11,011				6,980				0				139,764
Multi-family			22,502				1,865				440				420				0				25,227
Non-owner occupied residential			42,611				5,572				2,508				2,107				0				52,798
Acquisition and development:
1-4 family residential construction			3,358				344				0				0				0				3,702
Commercial and land development			13,964				1,347				376				1,399				0				17,086
Commercial and industrial			32,318				1,609				43				2,054				122				36,146
Municipal			60,927				0				0				0				0				60,927
Residential mortgage:
First lien			121,707				0				220				3,334				19				125,280
Home equity - term			19,521				0				0				109				0				19,630
Home equity - Lines of credit			78,738				15				8				61				0				78,822
Installment and other loans			5,662				0				0				0				0				5,662
		$	601,697			$	25,341			$	25,703			$	19,966			$	575			$	673,282
December 31, 2013
Commercial real estate:
Owner-occupied		$	92,063			$	3,305			$	11,360			$	4,107			$	455			$	111,290
Non-owner occupied			107,113				6,904				14,819				7,117				0				135,953
Multi-family			20,091				2,132				337				322				0				22,882
Non-owner occupied residential			42,007				4,982				3,790				4,493				0				55,272
Acquisition and development:
1-4 family residential construction			3,292				0				46				0				0				3,338
Commercial and land development			14,118				1,433				712				3,177				0				19,440
Commercial and industrial			28,933				2,129				383				1,878				123				33,446
Municipal			60,996				0				0				0				0				60,996
Residential mortgage:
First lien			121,353				0				0				3,327				48				124,728
Home equity - term			20,024				0				0				94				13				20,131
Home equity - Lines of credit			77,187				0				9				181				0				77,377
Installment and other loans			6,184				0				0				0				0				6,184
		$	593,361			$	20,885			$	31,456			$	24,696			$	639			$	671,037

Impaired Loans by Class

The following summarizes impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not required as of March 31, 2014 and December 31, 2013. Allowances established generally pertain to those loans in which loan forbearance agreements were in the process of being negotiated or updated appraisals were pending, and the partial charge-off will be recorded when final information is received.

		Impaired Loans with a Specific Allowance												Impaired Loans with No Specific Allowance
(Dollars in thousands)		Recorded Investment (Book Balance)				Unpaid Principal Balance (Legal Balance)				Related Allowance				Recorded Investment (Book Balance)				Unpaid Principal Balance (Legal Balance)
March 31, 2014
Commercial real estate:
Owner-occupied		$	433			$	926			$	433			$	3,503			$	3,977
Non-owner occupied			0				0				0				6,980				7,594
Multi-family			0				0				0				420				544
Non-owner occupied residential			0				0				0				2,107				2,448
Acquisition and development:
Commercial and land development			0				0				0				1,399				2,006
Commercial and industrial			0				0				0				2,176				2,318
Residential mortgage:
First lien			0				0				0				3,353				3,770
Home equity - term			0				0				0				109				111
Home equity - Lines of credit			0				0				0				61				63
		$	433			$	926			$	433			$	20,108			$	22,831
December 31, 2013
Commercial real estate:
Owner-occupied		$	615			$	1,099			$	552			$	3,947			$	4,575
Non-owner occupied			0				0				0				7,117				7,670
Multi-family			0				0				0				322				415
Non-owner occupied residential			0				0				0				4,493				4,836
Acquisition and development:
Commercial and land development			0				0				0				3,177				3,812
Commercial and industrial			0				0				0				2,001				2,143
Residential mortgage:
First lien			48				48				48				3,327				3,619
Home equity - term			13				13				13				94				96
Home equity - Lines of credit			0				0				0				181				183
		$	676			$	1,160			$	613			$	24,659			$	27,349

Average Recorded Investment in Impaired Loans and Related Interest Income

The following summarizes the average recorded investment in impaired loans and related interest income recognized on loans deemed impaired for the three months ended March 31:

		2014								2013
(Dollars in thousands)		Average Impaired Balance				Interest Income Recognized				Average Impaired Balance				Interest Income Recognized
Commercial real estate:
Owner-occupied		$	4,249			$	10			$	2,291			$	0
Non-owner occupied			7,049				4				3,230				0
Multi-family			371				1				10				0
Non-owner occupied residential			3,300				8				4,643				3
Acquisition and development:
1-4 family residential construction			0				0				859				0
Commercial and land development			2,288				2				3,321				0
Commercial and industrial			2,088				3				1,574				0
Residential mortgage:
First lien			3,364				1				2,635				2
Home equity - term			108				0				47				0
Home equity - lines of credit			121				0				555				0
Installment and other loans			0				0				2				0
		$	22,938			$	29			$	19,167			$	5

Troubled Debt Restructurings

The following presents impaired loans that are troubled debt restructurings, with the recorded investment as of March 31, 2014 and December 31, 2013.

		March 31, 2014								December 31, 2013
(Dollars in thousands)		Number of Contracts				Recorded Investment				Number of Contracts				Recorded Investment
Accruing:
Commercial real estate:
Owner-occupied			1			$	196				1			$	200
Non-owner occupied			2				4,233				2				4,268
Acquisition and development:
Commercial and land development			2				1,058				2				1,071
Residential mortgage:
First lien			1				448				1				449
			6				5,935				6				5,988
Nonaccruing:
Commercial real estate:
Owner-occupied			1				64				1				71
Non-owner occupied			1				676				1				694
Non-owner occupied residential			1				189				1				193
Commercial and industrial			1				108				2				310
Residential mortgage:
First lien			1				275				1				279
			5				1,312				6				1,547
			11			$	7,247				12			$	7,535

Loan Portfolio Summarized by Aging Categories of Performing Loans and Nonaccrual Loans

The following table presents the classes of the loan portfolio summarized by aging categories of performing loans and nonaccrual loans as of March 31, 2014 and December 31, 2013:

		Current				Days Past Due												Total Past Due				Non-Accrual				Total Loans
						30-59				60-89				90+ (still accruing)
March 31, 2014
Commercial real estate:
Owner-occupied		$	104,392			$	106			$	0			$	0			$	106			$	3,740			$	108,238
Non-owner occupied			136,746				271				0				0				271				2,747				139,764
Multi-family			24,807				0				0				0				0				420				25,227
Non-owner occupied residential			50,691				0				0				0				0				2,107				52,798
Acquisition and development:
1-4 family residential construction			3,358				0				344				0				344				0				3,702
Commercial and land development			16,739				6				0				0				6				341				17,086
Commercial and industrial			33,956				14				0				0				14				2,176				36,146
Municipal			60,927				0				0				0				0				0				60,927
Residential mortgage:
First lien			120,113				857				908				497				2,262				2,905				125,280
Home equity - term			19,281				107				133				0				240				109				19,630
Home equity - Lines of credit			78,648				110				3				0				113				61				78,822
Installment and other loans			5,618				28				16				0				44				0				5,662
		$	655,276			$	1,499			$	1,404			$	497			$	3,400			$	14,606			$	673,282
December 31, 2013
Commercial real estate:
Owner-occupied		$	106,078			$	742			$	108			$	0			$	850			$	4,362			$	111,290
Non-owner occupied			132,913				191				0				0				191				2,849				135,953
Multi-family			22,560				0				0				0				0				322				22,882
Non-owner occupied residential			50,554				225				0				0				225				4,493				55,272
Acquisition and development:
1-4 family residential construction			3,338				0				0				0				0				0				3,338
Commercial and land development			17,289				45				0				0				45				2,106				19,440
Commercial and industrial			31,111				334				0				0				334				2,001				33,446
Municipal			60,996				0				0				0				0				0				60,996
Residential mortgage:
First lien			119,845				1,380				577				0				1,957				2,926				124,728
Home equity - term			19,966				56				2				0				58				107				20,131
Home equity - Lines of credit			76,982				214				0				0				214				181				77,377
Installment and other loans			6,095				77				12				0				89				0				6,184
		$	647,727			$	3,264			$	699			$	0			$	3,963			$	19,347			$	671,037

Activity in Allowance for Loan Losses

Activity in the allowance for loan losses for the three months ended March 31, 2014 and 2013 is as follows:

		Commercial																				Consumer
(Dollars in thousands)		Commercial Real Estate				Acquisition and Development				Commercial and Industrial				Municipal				Total				Residential Mortgage				Installment and Other				Total				Unallocated				Total
March 31, 2014
Balance, beginning of period		$	13,215			$	670			$	864			$	244			$	14,993			$	3,780			$	124			$	3,904			$	2,068			$	20,965
Provision for loan losses			738				(196	)			60				0				602				(481	)			44				(437	)			(165	)			0
Charge-offs			(259	)			0				(9	)			0				(268	)			(193	)			(67	)			(260	)			0				(528	)
Recoveries			25				0				4				0				29				6				25				31				0				60
Balance, end of period		$	13,719			$	474			$	919			$	244			$	15,356			$	3,112			$	126			$	3,238			$	1,903			$	20,497
March 31, 2013
Balance, beginning of period		$	13,719			$	3,502			$	1,635			$	223			$	19,079			$	2,275			$	85			$	2,360			$	1,727			$	23,166
Provision for loan losses			(473	)			(746	)			(292	)			62				(1,449	)			1,145				31				1,176				273				0
Charge-offs			(1,142	)			(145	)			0				0				(1,287	)			(38	)			(20	)			(58	)			0				(1,345	)
Recoveries			61				3				10				0				74				6				16				22				0				96
Balance, end of period		$	12,165			$	2,614			$	1,353			$	285			$	16,417			$	3,388			$	112			$	3,500			$	2,000			$	21,917

Summary of Allowance for Loan Loss Allocation

The following summarizes the ending loan balance individually evaluated for impairment based upon loan segment, as well as the related allowance for loan loss allocation for each at March 31, 2014 and December 31, 2013:

		Commercial																				Consumer												Unallocated				Total
(Dollars in thousands)		Commercial Real Estate				Acquisition and Development				Commercial and Industrial				Municipal				Total				Residential Mortgage				Installment and Other				Total
March 31, 2014
Loans allocated by:
Individually evaluated for impairment		$	13,443			$	1,399			$	2,176			$	0			$	17,018			$	3,523			$	0			$	3,523			$	0			$	20,541
Collectively evaluated for impairment			312,584				19,389				33,970				60,927				426,870				220,209				5,662				225,871				0				652,741
		$	326,027			$	20,788			$	36,146			$	60,927			$	443,888			$	223,732			$	5,662			$	229,394			$	0			$	673,282
Allowance for loan losses allocated by:
Individually evaluated for impairment		$	433			$	0			$	0			$	0			$	433			$	0			$	0			$	0			$	0			$	433
Collectively evaluated for impairment			13,286				474				919				244				14,923				3,112				126				3,238				1,903				20,064
		$	13,719			$	474			$	919			$	244			$	15,356			$	3,112			$	126			$	3,238			$	1,903			$	20,497
December 31, 2013
Loans allocated by:
Individually evaluated for impairment		$	16,494			$	3,177			$	2,001			$	0			$	21,672			$	3,663			$	0			$	3,663			$	0			$	25,335
Collectively evaluated for impairment			308,903				19,601				31,445				60,996				420,945				218,573				6,184				224,757				0				645,702
		$	325,397			$	22,778			$	33,446			$	60,996			$	442,617			$	222,236			$	6,184			$	228,420			$	0			$	671,037
Allowance for loan losses allocated by:
Individually evaluated for impairment		$	552			$	0			$	0			$	0			$	552			$	61			$	0			$	61			$	0			$	613
Collectively evaluated for impairment			12,663				670				864				244				14,441				3,719				124				3,843				2,068				20,352
		$	13,215			$	670			$	864			$	244			$	14,993			$	3,780			$	124			$	3,904			$	2,068			$	20,965

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