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LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)

12 Months Ended

Dec. 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 December 31 was as follows:

(Dollars in thousands)	2014				2013
Commercial real estate:
Owner-occupied	$	100,859			$	111,290
Non-owner occupied	144,301				135,953
Multi-family	27,531				22,882
Non-owner occupied residential	49,315				55,272
Acquisition and development:
1-4 family residential construction	5,924				3,338
Commercial and land development	24,237				19,440
Commercial and industrial	48,995				33,446
Municipal	61,191				60,996
Residential mortgage:
First lien	126,491				124,728
Home equity – term	20,845				20,131
Home equity – lines of credit	89,366				77,377
Installment and other loans	5,891				6,184
	$	704,946			$	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 December 31, 2014 and 2013:

(Dollars in thousands)	Pass				Special Mention				Non-Impaired Substandard				Impaired - Substandard				Doubtful				Total
December 31, 2014
Commercial real estate:
Owner-occupied	$	89,815			$	2,686			$	5,070			$	3,288			$	0			$	100,859
Non-owner occupied	120,829				20,661				1,131				1,680				0				144,301
Multi-family	24,803				1,086				1,322				320				0				27,531
Non-owner occupied residential	43,020				2,968				1,827				1,500				0				49,315
Acquisition and development:
1-4 family residential construction	5,924				0				0				0				0				5,924
Commercial and land development	22,261				233				1,333				410				0				24,237
Commercial and industrial	43,794				850				1,914				2,437				0				48,995
Municipal	61,191				0				0				0				0				61,191
Residential mortgage:
First lien	121,160				9				0				5,290				32				126,491
Home equity – term	20,775				0				0				70				0				20,845
Home equity – lines of credit	88,164				630				93				479				0				89,366
Installment and other loans	5,865				0				0				26				0				5,891
	$	647,601			$	29,123			$	12,690			$	15,500			$	32			$	704,946
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 December 31, 2014 and 2013. The recorded investment in loans excludes accrued interest receivable due to insignificance. 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)
December 31, 2014
Commercial real estate:
Owner-occupied	$	0			$	0			$	0			$	3,288			$	4,558
Non-owner occupied	0				0				0				1,680				3,420
Multi-family	0				0				0				320				356
Non-owner occupied residential	198				203				2				1,302				1,570
Acquisition and development:
Commercial and land development	0				0				0				410				1,077
Commercial and industrial	0				0				0				2,437				2,500
Residential mortgage:
First lien	982				982				149				4,340				4,968
Home equity—term	0				0				0				70				71
Home equity—lines of credit	24				40				24				455				655
Installment and other loans	13				13				13				13				36
	$	1,217			$	1,238			$	188			$	14,315			$	19,211
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 year ended December 31, 2014, 2013 and 2012:

	2014								2013								2012
(Dollars in thousands)	Average Impaired Balance				Interest Income Recognized				Average Impaired Balance				Interest Income Recognized				Average Impaired Balance				Interest Income Recognized
Commercial real estate:
Owner-occupied	$	3,740			$	20			$	3,528			$	147			$	8,374			$	20
Non-owner occupied	6,711				143				4,307				145				14,372				69
Multi-family	274				2				135				16				3,940				0
Non-owner occupied residential	2,095				13				4,799				77				20,284				61
Acquisition and development:
1-4 family residential construction	0				0				481				0				1,542				26
Commercial and land development	1,250				34				3,009				49				12,652				252
Commercial and industrial	1,700				5				1,780				45				2,691				43
Residential mortgage:
First lien	4,226				53				2,697				140				2,700				61
Home equity – term	85				0				59				8				156				2
Home equity – lines of credit	111				3				305				6				467				15
Installment and other loans	9				1				1				0				8				0
	$	20,201			$	274			$	21,101			$	633			$	67,186			$	549

Troubled Debt Restructurings

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

	2014							2013
(Dollars in thousands)	Number of Contracts			Recorded Investment				Number of Contracts			Recorded Investment
Accruing:
Commercial real estate:
Owner-occupied	0			$	0			1			$	200
Non-owner occupied	0			0				2			4,268
Acquisition and development:
Commercial and land development	1			287				2			1,071
Residential mortgage:
First lien	8			813				1			449
Total accruing	9			1,100				6			5,988
Nonaccruing:
Commercial real estate:
Owner-occupied	0			0				1			71
Non-owner occupied	0			0				1			694
Non-owner occupied residential	0			0				1			193
Commercial and industrial	0			0				2			310
Residential mortgage:
First lien	13			1,715				1			279
Consumer	1			13				0			0
	14			1,728				6			1,547
	23			$	2,828			12			$	7,535

Restructured Loans Included in Nonaccrual Status Were Modified as Troubled Debt Restructurings within Previous 12 Months and for Which There was Payment Default

The following table presents restructured loans, included in nonaccrual status, that were modified as troubled debt restructurings within the previous 12 months and for which there was a payment default subsequent to the modification for the years ended December 31, 2014, 2013, and 2012.

	2014							2013							2012
(Dollars in thousands)	Number of Contracts			Recorded Investment				Number of Contracts			Recorded Investment				Number of Contracts			Recorded Investment
Commercial real estate:
Owner-occupied	0			$	0			0			$	0			1			$	7
Non-owner occupied	1			3,495				0			0				4			1,209
Acquisition and development:
Commercial and land development	1			544				0			0				0			0
Commercial and industrial	0			0				1			199				0			0
Residential mortgage:
First lien	2			177				0			0				0			0
	4			$	4,216			1			$	199			5			$	1,216

Number of Loans Modified and Their Pre-modification and Post-modification Investment Balances

The following presents the number of loans modified, and their pre-modification and post-modification investment balances for the twelve months ended December 31, 2014, 2013, and 2012:

(Dollars in thousands)	Number of Contracts			Pre- Modification Investment Balance				Post- Modification Investment Balance
December 31, 2014
Residential mortgage:
First lien	19			$	1,876			$	1,810
Installment and other loans	1			36				14
	20			$	1,912			$	1,824
December 31, 2013
Commercial real estate:
Owner-occupied	4			$	421			$	421
Non-owner occupied	2			3,457				3,457
Acquisition and development:
Commercial and land development	2			1,081				1,081
Commercial	1			217				199
	9			$	5,176			$	5,158
December 31, 2012
Residential mortgage:
First lien	1			$	300			$	300
Home equity – lines of credit	1			36				36
	2			$	336			$	336

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

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

					Days Past Due
	Current				30-59				60-89				90+ (still accruing)				Total Past Due				Non- Accrual				Total Loans
December 31, 2014
Commercial real estate:
Owner-occupied	$	97,571			$	0			$	0			$	0			$	0			$	3,288			$	100,859
Non-owner occupied	142,621				0				0				0				0				1,680				144,301
Multi-family	27,211				0				0				0				0				320				27,531
Non-owner occupied residential	47,706				109				0				0				109				1,500				49,315
Acquisition and development:
1-4 family residential construction	5,924				0				0				0				0				0				5,924
Commercial and land development	24,114				0				0				0				0				123				24,237
Commercial and industrial	46,558				0				0				0				0				2,437				48,995
Municipal	61,191				0				0				0				0				0				61,191
Residential mortgage:
First lien	120,806				776				400				0				1,176				4,509				126,491
Home equity – term	20,640				135				0				0				135				70				20,845
Home equity – lines of credit	88,745				142				0				0				142				479				89,366
Installment and other loans	5,815				41				9				0				50				26				5,891
	$	688,902			$	1,203			$	409			$	0			$	1,612			$	14,432			$	704,946
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 years ended December 31, 2014, 2013 and 2012 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
December 31, 2014
Balance, beginning of year	$	13,215			$	670			$	864			$	244			$	14,993			$	3,780			$	124			$	3,904			$	2,068			$	20,965
Provision for loan losses	(1,674		)		92				(554		)		(61		)		(2,197		)		(960		)		107				(853		)		(850		)		(3,900		)
Charge-offs	(2,637		)		(70		)		(270		)		0				(2,977		)		(587		)		(177		)		(764		)		0				(3,741		)
Recoveries	558				5				766				0				1,329				29				65				94				0				1,423
Balance, end of year	$	9,462			$	697			$	806			$	183			$	11,148			$	2,262			$	119			$	2,381			$	1,218			$	14,747
December 31, 2013
Balance, beginning of year	$	13,719			$	3,502			$	1,635			$	223			$	19,079			$	2,275			$	85			$	2,360			$	1,727			$	23,166
Provision for loan losses	4,109				(6,087		)		(3,478		)		21				(5,435		)		1,845				99				1,944				341				(3,150		)
Charge-offs	(4,767		)		(193		)		(132		)		0				(5,092		)		(491		)		(144		)		(635		)		0				(5,727		)
Recoveries	154				3,448				2,839				0				6,441				151				84				235				0				6,676
Balance, end of year	$	13,215			$	670			$	864			$	244			$	14,993			$	3,780			$	124			$	3,904			$	2,068			$	20,965
December 31, 2012
Balance, beginning of year	$	29,559			$	9,708			$	1,085			$	789			$	41,141			$	933			$	75			$	1,008			$	1,566			$	43,715
Provision for loan losses	34,681				9,408				1,879				(566		)		45,402				2,602				135				2,737				161				48,300
Charge-offs	(53,492		)		(17,721		)		(1,624		)		0				(72,837		)		(1,279		)		(143		)		(1,422		)		0				(74,259		)
Recoveries	2,971				2,107				295				0				5,373				19				18				37				0				5,410
Balance, end of year	$	13,719			$	3,502			$	1,635			$	223			$	19,079			$	2,275			$	85			$	2,360			$	1,727			$	23,166

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 December 31, 2014 and 2013:

	Commercial																				Consumer
(Dollars in thousands)	Commercial Real Estate				Acquisition and Development				Commercial and Industrial				Municipal				Total				Residential Mortgage				Installment and Other				Total				Unallocated				Total
December 31, 2014
Loans allocated by:
Individually evaluated for impairment	$	6,788			$	410			$	2,437			$	0			$	9,635			$	5,871			$	26			$	5,897			$	0			$	15,532
Collectively evaluated for impairment	315,218				29,751				46,558				61,191				452,718				230,831				5,865				236,696				0				689,414
	$	322,006			$	30,161			$	48,995			$	61,191			$	462,353			$	236,702			$	5,891			$	242,593			$	0			$	704,946
Allowance for loan losses allocated by:
Individually evaluated for impairment	$	2			$	0			$	0			$	0			$	2			$	173			$	13			$	186			$	0			$	188
Collectively evaluated for impairment	9,460				697				806				183				11,146				2,089				106				2,195				1,218				14,559
	$	9,462			$	697			$	806			$	183			$	11,148			$	2,262			$	119			$	2,381			$	1,218			$	14,747
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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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.3,4)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3, 4

-Article 5

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X

- Definition

Tabular disclosure of financing receivables and troubled debt restructurings.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 34

-URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953682-111524



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 33

-URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953676-111524

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