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LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)

6 Months Ended

Jun. 30, 2016

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 class, as of June 30, 2016 and December 31, 2015 was as follows:

(Dollars in thousands)	June 30, 2016				December 31, 2015
Commercial real estate:
Owner-occupied	$	106,649			$	103,578
Non-owner occupied	190,558				145,401
Multi-family	38,957				35,109
Non-owner occupied residential	56,100				54,175
Acquisition and development:
1-4 family residential construction	6,714				9,364
Commercial and land development	24,748				41,339
Commercial and industrial	82,616				73,625
Municipal	61,568				57,511
Residential mortgage:
First lien	129,577				126,022
Home equity - term	16,216				17,337
Home equity - lines of credit	110,908				110,731
Installment and other loans	7,322				7,521
	$	831,933			$	781,713

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 June 30, 2016 and December 31, 2015:

(Dollars in thousands)	Pass				Special Mention				Non-Impaired Substandard				Impaired - Substandard				Doubtful				Total
June 30, 2016
Commercial real estate:
Owner-occupied	$	101,005			$	1,719			$	2,098			$	1,827			$	0			$	106,649
Non-owner occupied	167,320				16,031				152				7,055				0				190,558
Multi-family	36,190				1,298				1,253				216				0				38,957
Non-owner occupied residential	53,132				1,224				1,184				560				0				56,100
Acquisition and development:
1-4 family residential construction	6,432				0				282				0				0				6,714
Commercial and land development	23,986				107				653				2				0				24,748
Commercial and industrial	81,480				627				35				347				127				82,616
Municipal	61,568				0				0				0				0				61,568
Residential mortgage:
First lien	125,155				0				0				4,391				31				129,577
Home equity - term	16,120				0				0				96				0				16,216
Home equity - lines of credit	110,271				248				52				337				0				110,908
Installment and other loans	7,312				0				0				10				0				7,322
	$	789,971			$	21,254			$	5,709			$	14,841			$	158			$	831,933
December 31, 2015
Commercial real estate:
Owner-occupied	$	96,715			$	1,124			$	3,630			$	2,109			$	0			$	103,578
Non-owner occupied	125,043				12,394				108				7,856				0				145,401
Multi-family	31,957				1,779				1,140				233				0				35,109
Non-owner occupied residential	50,601				1,305				1,374				895				0				54,175
Acquisition and development:
1-4 family residential construction	9,364				0				0				0				0				9,364
Commercial and land development	40,181				219				934				5				0				41,339
Commercial and industrial	70,967				1,380				544				734				0				73,625
Municipal	57,511				0				0				0				0				57,511
Residential mortgage:
First lien	121,214				0				0				4,808				0				126,022
Home equity - term	17,234				0				0				103				0				17,337
Home equity - lines of credit	109,731				230				180				590				0				110,731
Installment and other loans	7,504				0				0				17				0				7,521
	$	738,022			$	18,431			$	7,910			$	17,350			$	0			$	781,713

Impaired Loans by Class

The following table 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 June 30, 2016 and December 31, 2015. The recorded investment in loans excludes accrued interest receivable due to insignificance. Related 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)
June 30, 2016
Commercial real estate:
Owner-occupied	$	0			$	0			$	0			$	1,827			$	3,158
Non-owner occupied	0				0				0				7,055				7,929
Multi-family	0				0				0				216				376
Non-owner occupied residential	0				0				0				560				798
Acquisition and development:
Commercial and land development	0				0				0				2				17
Commercial and industrial	127				127				126				347				395
Residential mortgage:
First lien	751				758				106				3,671				4,456
Home equity - term	0				0				0				96				105
Home equity - lines of credit	0				0				0				337				434
Installment and other loans	2				3				2				8				35
	$	880			$	888			$	234			$	14,119			$	17,703
December 31, 2015
Commercial real estate:
Owner-occupied	$	0			$	0			$	0			$	2,109			$	3,344
Non-owner occupied	0				0				0				7,856				8,600
Multi-family	0				0				0				233				385
Non-owner occupied residential	0				0				0				895				1,211
Acquisition and development:
Commercial and land development	0				0				0				5				19
Commercial and industrial	0				0				0				734				780
Residential mortgage:
First lien	1,952				1,984				271				2,856				3,369
Home equity - term	0				0				0				103				110
Home equity - lines of credit	22				23				10				568				688
Installment and other loans	8				9				8				9				35
	$	1,982			$	2,016			$	289			$	15,368			$	18,541

Average Recorded Investment in Impaired Loans and Related Interest Income

The following tables summarize the average recorded investment in impaired loans and related interest income recognized on loans deemed impaired, generally on a cash basis, for the three and six months ended June 30, 2016 and 2015:

	Three Months Ended June 30,
	2016								2015
(Dollars in thousands)	Average Impaired Balance				Interest Income Recognized				Average Impaired Balance				Interest Income Recognized
Commercial real estate:
Owner-occupied	$	1,954			$	0			$	2,793			$	0
Non-owner occupied	7,251				0				1,403				0
Multi-family	221				0				537				0
Non-owner occupied residential	699				0				919				0
Acquisition and development:
Commercial and land development	3				0				313				3
Commercial and industrial	514				0				978				0
Residential mortgage:
First lien	4,618				8				4,856				9
Home equity - term	98				0				164				0
Home equity - lines of credit	499				0				587				0
Installment and other loans	14				0				22				0
	$	15,871			$	8			$	12,572			$	12

	Six Months Ended June 30,
	2016								2015
(Dollars in thousands)	Average Impaired Balance				Interest Income Recognized				Average Impaired Balance				Interest Income Recognized
Commercial real estate:
Owner-occupied	$	2,012			$	0			$	2,941			$	0
Non-owner occupied	7,511				0				1,515				0
Multi-family	225				0				502				0
Non-owner occupied residential	787				0				1,132				0
Acquisition and development:
Commercial and land development	4				0				354				5
Commercial and industrial	619				0				1,583				0
Residential mortgage:
First lien	4,697				17				5,037				18
Home equity - term	100				0				124				0
Home equity - lines of credit	544				0				546				0
Installment and other loans	16				0				24				0
	$	16,515			$	17			$	13,758			$	23

Troubled Debt Restructurings

The following table presents impaired loans that are TDRs, with the recorded investment as of June 30, 2016 and December 31, 2015.

	June 30, 2016							December 31, 2015
(Dollars in thousands)	Number of Contracts			Recorded Investment				Number of Contracts			Recorded Investment
Accruing:
Residential mortgage:
First lien	8			$	907			8			$	793
	8			907				8			793
Nonaccruing:
Residential mortgage:
First lien	12			1,106				12			1,153
Installment and other loans	1			8				1			10
	13			1,114				13			1,163
	21			$	2,021			21			$	1,956

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

The following table presents the number of loans modified, and their pre-modification and post-modification investment balances for the three and six months ended June 30, 2016 and 2015:

	2016											2015
(Dollars in thousands)	Number of Contracts			Pre- Modification Recorded Investment				Post Modification Recorded Investment				Number of Contracts			Pre- Modification Recorded Investment				Post Modification Recorded Investment
Three Months Ended June 30,
Residential mortgage:
First lien	0			$	0			$	0			0			$	0			$	0
Installment and other loans	0			0				0				0			0				0
	0			$	0			$	0			0			$	0			$	0
Six Months Ended June 30,
Residential mortgage:
First lien	1			$	257			$	257			1			$	59			$	59
Installment and other loans	0			0				0				0			0				0
	1			$	257			$	257			1			$	59			$	59

Restructured Loans Included in Nonaccrual Status Modified as Troubled Debt Restructurings Within the Previous 12 Months and for which There was Payment Default

The following table presents restructured loans, included in nonaccrual loans, that were modified as TDRs within the previous 12 months and for which there was a payment default during the three and six months ended June 30, 2016 and 2015:

	2016							2015
(Dollars in thousands)	Number of Contracts			Recorded Investment				Number of Contracts			Recorded Investment
Three Months Ended June 30,
Residential mortgage:
First lien	0			$	0			3			$	249
	0			$	0			3			$	249
Six Months Ended June 30,
Residential mortgage:
First lien	0			$	0			4			$	308
	0			$	0			4			$	308

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 June 30, 2016 and December 31, 2015:

					Days Past Due
(Dollars in thousands)	Current				30-59				60-89				90+ (still accruing)				Total Past Due				Non- Accrual				Total Loans
June 30, 2016
Commercial real estate:
Owner-occupied	$	104,822			$	0			$	0			$	0			$	0			$	1,827			$	106,649
Non-owner occupied	183,503				0				0				0				0				7,055				190,558
Multi-family	38,741				0				0				0				0				216				38,957
Non-owner occupied residential	55,501				39				0				0				39				560				56,100
Acquisition and development:
1-4 family residential construction	6,432				0				282				0				282				0				6,714
Commercial and land development	24,746				0				0				0				0				2				24,748
Commercial and industrial	82,142				0				0				0				0				474				82,616
Municipal	61,568				0				0				0				0				0				61,568
Residential mortgage:
First lien	125,561				468				33				0				501				3,515				129,577
Home equity - term	16,112				8				0				0				8				96				16,216
Home equity - lines of credit	110,363				203				5				0				208				337				110,908
Installment and other loans	7,299				13				0				0				13				10				7,322
	$	816,790			$	731			$	320			$	0			$	1,051			$	14,092			$	831,933
December 31, 2015
Commercial real estate:
Owner-occupied	$	101,395			$	74			$	0			$	0			$	74			$	2,109			$	103,578
Non-owner occupied	137,545				0				0				0				0				7,856				145,401
Multi-family	34,876				0				0				0				0				233				35,109
Non-owner occupied residential	53,280				0				0				0				0				895				54,175
Acquisition and development:
1-4 family residential construction	9,364				0				0				0				0				0				9,364
Commercial and land development	41,236				0				98				0				98				5				41,339
Commercial and industrial	72,846				24				21				0				45				734				73,625
Municipal	57,511				0				0				0				0				0				57,511
Residential mortgage:
First lien	120,119				1,844				44				0				1,888				4,015				126,022
Home equity - term	17,200				34				0				0				34				103				17,337
Home equity - lines of credit	109,740				286				91				24				401				590				110,731
Installment and other loans	7,488				16				0				0				16				17				7,521
	$	762,600			$	2,278			$	254			$	24			$	2,556			$	16,557			$	781,713

Activity in Allowance for Loan Losses

Activity in the allowance for loan losses for the three months ended June 30, 2016 and 2015 was 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
June 30, 2016
Balance, beginning of period	$	7,996			$	739			$	1,030			$	62			$	9,827			$	2,677			$	179			$	2,856			$	664			$	13,347
Provision for loan losses	(12		)		(152		)		112				(1		)		(53		)		66				26				92				(39		)		0
Charge-offs	(26		)		0				0				0				(26		)		(80		)		(48		)		(128		)		0				(154		)
Recoveries	175				0				6				0				181				43				23				66				0				247
Balance, end of period	$	8,133			$	587			$	1,148			$	61			$	9,929			$	2,706			$	180			$	2,886			$	625			$	13,440
June 30, 2015
Balance, beginning of period	$	9,346			$	588			$	665			$	121			$	10,720			$	2,567			$	116			$	2,683			$	1,058			$	14,461
Provision for loan losses	(750		)		132				188				(2		)		(432		)		479				74				553				(121		)		0
Charge-offs	(475		)		0				(24		)		0				(499		)		(151		)		(9		)		(160		)		0				(659		)
Recoveries	11				0				15				0				26				23				1				24				0				50
Balance, end of period	$	8,132			$	720			$	844			$	119			$	9,815			$	2,918			$	182			$	3,100			$	937			$	13,852

Activity in the allowance for loan losses for the six months ended June 30, 2016 and 2015 was 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
June 30, 2016
Balance, beginning of period	$	7,883			$	850			$	1,012			$	58			$	9,803			$	2,870			$	121			$	2,991			$	774			$	13,568
Provision for loan losses	21				(263		)		149				3				(90		)		111				128				239				(149		)		0
Charge-offs	(26		)		0				(21		)		0				(47		)		(324		)		(112		)		(436		)		0				(483		)
Recoveries	255				0				8				0				263				49				43				92				0				355
Balance, end of period	$	8,133			$	587			$	1,148			$	61			$	9,929			$	2,706			$	180			$	2,886			$	625			$	13,440
June 30, 2015
Balance, beginning of period	$	9,462			$	697			$	806			$	183			$	11,148			$	2,262			$	119			$	2,381			$	1,218			$	14,747
Provision for loan losses	(813		)		45				51				(64		)		(781		)		973				89				1,062				(281		)		0
Charge-offs	(541		)		(22		)		(50		)		0				(613		)		(352		)		(29		)		(381		)		0				(994		)
Recoveries	24				0				37				0				61				35				3				38				0				99
Balance, end of period	$	8,132			$	720			$	844			$	119			$	9,815			$	2,918			$	182			$	3,100			$	937			$	13,852

Summary of Ending Loan Balances Individually Evaluated for Impairment Based on Loan Segment

The following table summarizes the ending loan balances individually evaluated for impairment based upon loan segment, as well as the related allowance for loan losses allocation for each at June 30, 2016 and December 31, 2015:

	Commercial																				Consumer
(Dollars in thousands)	Commercial Real Estate				Acquisition and Development				Commercial and Industrial				Municipal				Total				Residential Mortgage				Installment and Other				Total				Unallocated				Total
June 30, 2016
Loans allocated by:
Individually evaluated for impairment	$	9,658			$	2			$	474			$	0			$	10,134			$	4,855			$	10			$	4,865			$	0			$	14,999
Collectively evaluated for impairment	382,606				31,460				82,142				61,568				557,776				251,846				7,312				259,158				0				816,934
	$	392,264			$	31,462			$	82,616			$	61,568			$	567,910			$	256,701			$	7,322			$	264,023			$	0			$	831,933
Allowance for loan losses allocated by:
Individually evaluated for impairment	$	0			$	0			$	126			$	0			$	126			$	106			$	2			$	108			$	0			$	234
Collectively evaluated for impairment	8,133				587				1,022				61				9,803				2,600				178				2,778				625				13,206
	$	8,133			$	587			$	1,148			$	61			$	9,929			$	2,706			$	180			$	2,886			$	625			$	13,440
December 31, 2015
Loans allocated by:
Individually evaluated for impairment	$	11,093			$	5			$	734			$	0			$	11,832			$	5,501			$	17			$	5,518			$	0			$	17,350
Collectively evaluated for impairment	327,170				50,698				72,891				57,511				508,270				248,589				7,504				256,093				0				764,363
	$	338,263			$	50,703			$	73,625			$	57,511			$	520,102			$	254,090			$	7,521			$	261,611			$	0			$	781,713
Allowance for loan losses allocated by:
Individually evaluated for impairment	$	0			$	0			$	0			$	0			$	0			$	281			$	8			$	289			$	0			$	289
Collectively evaluated for impairment	7,883				850				1,012				58				9,803				2,589				113				2,702				774				13,279
	$	7,883			$	850			$	1,012			$	58			$	9,803			$	2,870			$	121			$	2,991			$	774			$	13,568

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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.

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Tabular disclosure of financing receivables and troubled debt restructurings.

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