Loans and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Financing Receivables [Table Text Block]

The following table provides information about the principal classes of the loan portfolio at March 31, 2016 and December 31, 2015.

(Dollars in thousands)	March 31, 2016		December 31, 2015
Construction	$	78,244	$	85,632
Residential real estate		310,575		307,063
Commercial real estate		334,754		330,253
Commercial		67,735		64,911
Consumer		7,613		7,255
Total loans		798,921		795,114
Allowance for credit losses		(8,309)		(8,316)
Total loans, net	$	790,612	$	786,798

Allowance for Credit Losses on Loans Receivables Additional Information [Table Text Block]

The following tables include impairment information relating to loans and the allowance for credit losses as of March 31, 2016 and December 31, 2015.

(Dollars in thousands)	Construction		Residential real estate		Commercial real estate		Commercial		Consumer		Unallocated		Total
March 31, 2016
Loans individually evaluated for impairment	$	10,590	$	7,933	$	7,880	$	154	$	121	$	-	$	26,678
Loans collectively evaluated for impairment		67,654		302,642		326,874		67,581		7,492		-		772,243
Total loans	$	78,244	$	310,575	$	334,754	$	67,735	$	7,613	$	-	$	798,921

Allowance for credit losses allocated to:
Loans individually evaluated for impairment	$	783	$	189	$	552	$	-	$	-	$	-	$	1,524
Loans collectively evaluated for impairment		970		1,825		2,705		585		177		523		6,785
Total allowance for credit losses	$	1,753	$	2,014	$	3,257	$	585	$	177	$	523	$	8,309

(Dollars in thousands)	Construction		Residential real estate		Commercial real estate		Commercial		Consumer		Unallocated		Total
December 31, 2015
Loans individually evaluated for impairment	$	11,598	$	7,945	$	7,762	$	161	$	122	$	-	$	27,588
Loans collectively evaluated for impairment		74,034		299,118		322,491		64,750		7,133		-		767,526
Total loans	$	85,632	$	307,063	$	330,253	$	64,911	$	7,255	$	-	$	795,114

Allowance for credit losses allocated to:
Loans individually evaluated for impairment	$	619	$	435	$	340	$	-	$	7	$	-	$	1,401
Loans collectively evaluated for impairment		1,027		1,746		2,659		558		149		776		6,915
Total allowance for credit losses	$	1,646	$	2,181	$	2,999	$	558	$	156	$	776	$	8,316

Impaired Financing Receivables [Table Text Block]

The following tables provide information on impaired loans and any related allowance by loan class as of March 31, 2016 and December 31, 2015. The difference between the unpaid principal balance and the recorded investment is the amount of partial charge-offs that have been taken.

(Dollars in thousands)	Unpaid principal balance		Recorded investment with no allowance		Recorded investment with an allowance		Related allowance		Quarter-to- date average recorded investment		Interest income recognized
March 31, 2016
Impaired nonaccrual loans:
Construction	$	11,167	$	3,724	$	2,874	$	755	$	7,216	$	-
Residential real estate		2,600		2,079		199		77		2,292		-
Commercial real estate		3,854		2,774		-		-		2,559		-
Commercial		172		154		-		-		158		-
Consumer		128		121		-		-		121		-
Total		17,921		8,852		3,073		832		12,346		-

Impaired accruing TDRs:
Construction		3,992		3,194		798		28		4,041		25
Residential real estate		5,655		2,667		2,988		112		5,669		55
Commercial real estate		5,106		1,099		4,007		552		5,363		46
Commercial		-		-		-		-		-		-
Consumer		-		-		-		-		-		-
Total		14,753		6,960		7,793		692		15,073		126

Total impaired loans:
Construction		15,159		6,918		3,672		783		11,257		25
Residential real estate		8,255		4,746		3,187		189		7,961		55
Commercial real estate		8,960		3,873		4,007		552		7,922		46
Commercial		172		154		-		-		158		-
Consumer		128		121		-		-		121		-
Total	$	32,674	$	15,812	$	10,866	$	1,524	$	27,419	$	126

									March 31, 2015
(Dollars in thousands)	Unpaid principal balance		Recorded investment with no allowance		Recorded investment with an allowance		Related allowance		Quarter-to- date average recorded investment		Interest income recognized
December 31, 2015

Impaired nonaccrual loans:
Construction	$	11,850	$	4,647	$	2,882	$	588	$	7,630	$	-
Residential real estate		2,563		1,773		487		208		3,360		-
Commercial real estate		2,988		1,813		209		9		1,401		-
Commercial		175		161		-		-		163		-
Consumer		128		98		23		7		121		-
Total		17,704		8,492		3,601		812		12,675		-

Impaired accruing TDRs:
Construction		4,069		3,266		803		31		4,073		84
Residential real estate		5,686		2,380		3,306		227		6,338		312
Commercial real estate		5,740		1,702		4,038		331		5,689		254
Commercial		-		-		-		-		-		1
Consumer		-		-		-		-		-		-
Total		15,495		7,348		8,147		589		16,100		651

Total impaired loans:
Construction		15,919		7,913		3,685		619		11,703		84
Residential real estate		8,249		4,153		3,793		435		9,698		312
Commercial real estate		8,728		3,515		4,247		340		7,090		254
Commercial		175		161		-		-		163		1
Consumer		128		98		23		7		121		-
Total	$	33,199	$	15,840	$	11,748	$	1,401	$	28,775	$	651

Schedule of Financing Receivables Accruing and Non Accrual of Troubled Debt restructurings [Table Text Block]

The following tables provide a roll-forward for troubled debt restructurings as of March 31, 2016 and March 31, 2015.

	1/1/16								Reclassification/				3/31/16
	TDR		New		Disbursements		Charge		Transfers				TDR		Related
(Dollars in thousands)	Balance		TDRs		(Payments)		offs		In/(Out)		Payoffs		Balance		Allowance
For the three months ended 3/31/2016
Accruing TDRs
Construction	$	4,069	$	-	$	(77)	$	-	$	-	$	-	$	3,992	$	28
Residential Real Estate		5,686		-		(31)		-		-		-		5,655		112
Commercial Real Estate		5,740		-		(517)		(117)		-		-		5,106		552
Commercial		-		-		-		-		-		-		-		-
Consumer		-		-		-		-		-		-		-		-
Total	$	15,495	$	-	$	(625)	$	(117)	$	-	$	-	$	14,753	$	692

Nonaccrual TDRs
Construction	$	4,960	$	2,570	$	(691)	$	(241)	$	-	$	-	$	6,598	$	755
Residential Real Estate		445		-		(288)		-		-		-		157		11
Commercial Real Estate		-		-		-		-		-		-		-		-
Commercial		-		-		-		-		-		-		-		-
Consumer		23		-		-		-		-		-		23		-
Total	$	5,428	$	2,570	$	(979)	$	-	$	-	$	-	$	6,778	$	766

Total TDRs	$	20,923	$	2,570	$	(1,604)	$	(358)	$	-	$	-	$	21,531	$	1,458

	1/1/15								Reclassification/				3/31/15
	TDR		New		Disbursements				Transfers				TDR		Related
(Dollars in thousands)	Balance		TDRs		(Payments)		Charge offs		In/(Out)		Payoffs		Balance		Allowance
For the three months ended 3/31/2015
Accruing TDRs
Construction	$	4,022	$	-	$	(6)	$	-	$	-	$	-	$	4,016	$	39
Residential Real Estate		6,368		-		(46)		-		-		-		6,322		255
Commercial Real Estate		6,237		-		24		-		-		-		6,261		23
Commercial		47		-		(2)		-		-		-		45		-
Consumer		-		-		-		-		-		-		-		-
Total	$	16,674	$	-	$	(30)	$	-	$	-	$	-	$	16,644	$	317

Nonaccrual TDRs
Construction	$	3,321	$	-	$	(7)	$	(363)	$	2,911	$	-	$	5,862	$	690
Residential Real Estate		3,382		-		(9)		-		(2,911)		-		462		-
Commercial Real Estate		346		-		(2)		(40)		(238)		-		66		-
Commercial		-		-		-		-		-		-		-		-
Consumer		25		-		(1)		-		-		-		24		-
Total	$	7,074	$	-	$	(19)	$	(403)	$	(238)	$	-	$	6,414	$	690

Total TDRs	$	23,748	$	-	$	(49)	$	(403)	$	(238)	$	-	$	23,058	$	1,007

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following tables provide information on loans that were modified and considered TDRs during the three months ended March 31, 2016 and March 31, 2015.

			Premodification		Postmodification
			outstanding		outstanding
	Number of		recorded		recorded		Related
(Dollars in thousands)	contracts		investment		investment		allowance
TDRs:
For the three months ended March 31, 2016
Construction		1	$	2,570	$	2,570	$	-
Residential real estate		-		-		-		-
Commercial real estate		-		-		-		-
Commercial		-		-		-		-
Consumer		-		-		-		-
Total		1	$	2,570	$	2,570	$	-

For the three months ended March 31, 2015
Construction		-	$	-	$	-	$	-
Residential real estate		-		-		-		-
Commercial real estate		-		-		-		-
Commercial		-		-		-		-
Consumer		-		-		-		-
Total		-	$	-	$	-	$	-

Troubled Debt Restructurings that Defaulted on Financing Receivables [Table Text Block]

The following tables provide information on TDRs that defaulted during the three months ended March 31, 2016 and March 31, 2015. Generally, a loan is considered in default when principal or interest is past due 90 days or more.

	Number of		Recorded		Related
(Dollars in thousands)	contracts		investment		allowance
TDRs that subsequently defaulted:
For the three months ended March 31, 2016
Construction		1	$	241	$	-
Residential real estate		-		-		-
Commercial real estate		1		117		-
Commercial		-		-		-
Consumer		-		-		-
Total		2	$	358	$	-

TDRs that subsequently defaulted:
For the three months ended March 31, 2015
Construction		3	$	363	$	-
Residential real estate		-		-		-
Commercial real estate		1		40		-
Commercial		-		-		-
Consumer		-		-		-
Total		4	$	403	$	-

Financing Receivable Credit Quality Indicators [Table Text Block]

The following tables provide information on loan risk ratings as of March 31, 2016 and December 31, 2015.

			Special
(Dollars in thousands)	Pass/Performing		mention		Substandard		Doubtful		Total
March 31, 2016
Construction	$	63,823	$	3,845	$	10,576	$	-	$	78,244
Residential real estate		294,844		8,735		6,996		-		310,575
Commercial real estate		307,769		17,158		9,827		-		334,754
Commercial		66,638		704		393		-		67,735
Consumer		7,468		24		121		-		7,613
Total	$	740,542	$	30,466	$	27,913	$	-	$	798,921

			Special
(Dollars in thousands)	Pass/Performing		mention		Substandard		Doubtful		Total
December 31, 2015
Construction	$	70,214	$	3,903	$	11,515	$	-	$	85,632
Residential real estate		290,857		8,837		7,369		-		307,063
Commercial real estate		302,438		18,699		9,116		-		330,253
Commercial		63,628		1,075		208		-		64,911
Consumer		7,107		26		122		-		7,255
Total	$	734,244	$	32,540	$	28,330	$	-	$	795,114

Past Due Financing Receivables [Table Text Block]

The following tables provide information on the aging of the loan portfolio as of March 31, 2016 and December 31, 2015.

	Accruing
				30-59			60-89			90 days
				days			days past			or more			Total past
(Dollars in thousands)	Current			past due			due			past due			due			Nonaccrual			Total
March 31, 2016
Construction	$	71,618		$	28		$	-		$	-		$	28		$	6,598		$	78,244
Residential real estate		303,339			2,113			2,823			22			4,958			2,278			310,575
Commercial real estate		330,129			1,591			260			-			1,851			2,774			334,754
Commercial		67,525			46			-			10			56			154			67,735
Consumer		7,461			26			2			3			31			121			7,613
Total	$	780,072		$	3,804		$	3,085		$	35		$	6,924		$	11,925		$	798,921
Percent of total loans		97.6	%		0.5	%		0.4	%		-	%		0.9	%		1.5	%		100	%

	Accruing
				30-59			60-89			90 days or
				days			days past			more past			Total past
(Dollars in thousands)	Current			past due			due			due			due			Nonaccrual			Total
December 31, 2015
Construction	$	78,082		$	21		$	-		$	-		$	21		$	7,529		$	85,632
Residential real estate		300,563			2,139			2,102			-			4,241			2,259			307,063
Commercial real estate		327,370			-			861			-			861			2,022			330,253
Commercial		64,670			49			31			-			80			161			64,911
Consumer		7,107			13			6			7			26			122			7,255
Total	$	777,792		$	2,222		$	3,000		$	7		$	5,229		$	12,093		$	795,114
Percent of total loans		97.8	%		0.3	%		0.4	%		-	%		0.7	%		1.5	%		100	%

Allowance for Credit Losses on Financing Receivables [Table Text Block]

Allocation of a portion of the allowance to one loan class does not preclude its availability to absorb losses in other loan classes.

			Residential		Commercial
(Dollars in thousands)	Construction		real estate		real estate		Commercial		Consumer		Unallocated		Total
For the three months ended March 31, 2016
Allowance for credit losses:
Beginning balance	$	1,646	$	2,181	$	2,999	$	558	$	156	$	776	$	8,316

Charge-offs		(241)		(16)		(238)		(67)		(8)		-		(570)
Recoveries		6		34		-		65		8		-		113
Net charge-offs		(235)		18		(238)		(2)		-		-		(457)

Provision		342		(185)		496		29		21		(253)		450
Ending balance	$	1,753	$	2,014	$	3,257	$	585	$	177	$	523	$	8,309

			Residential		Commercial
(Dollars in thousands)	Construction		real estate		real estate		Commercial		Consumer		Unallocated		Total
For the three months ended March 31, 2015
Allowance for credit losses:
Beginning balance	$	1,303	$	2,834	$	2,379	$	448	$	229	$	502	$	7,695

Charge-offs		(363)		(114)		(40)		(124)		(10)		-		(651)
Recoveries		3		23		13		47		18		-		104
Net charge-offs		(360)		(91)		(27)		(77)		8		-		(547)

Provision		941		(619)		(13)		70		(57)		328		650
Ending balance	$	1,884	$	2,124	$	2,339	$	441	$	180	$	830	$	7,798