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Loans by Type | 12 Months Ended
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Dec. 31, 2011
Receivables [Abstract] |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4 Loans The Company originates commercial, industrial and real estate loans to businesses and churches throughout the metropolitan St. Louis, Missouri area, Orange County, California and other selected cities in the United States. The Company does not have any particular concentration of credit in any one economic sector; however, a substantial portion of the commercial and industrial loans are extended to privately-held commercial companies in these market areas, and are generally secured by the assets of the business. The Company also has a substantial portion of real estate loans secured by mortgages that are extended to churches in its market area and selected cities in the United States. A summary of loan categories is as follows:
|  | December 31,
(In thousands) |  | 2011 |  | 2010
Commercial and industrial |  | $ | 136,916 |  | $ | 135,061
Real estate |  |  |  |  |  |
Commercial: |  |  |  |  |  |
Mortgage |  |  | 140,848 |  |  | 152,215
Construction |  |  | 9,067 |  |  | 18,434
Church, church-related: |  |  |  |  |  |
Mortgage |  |  | 347,726 |  |  | 365,378
Construction |  |  | 36,497 |  |  | 36,318
Other |  |  | 511 |  |  | 1,227
Total loans |  | $ | 671,565 |  | $ | 708,633
The following table presents the aging of loans by loan categories at December 31, 2011:
|  | Performing |  | Nonperforming
|  |  |  |  |  |  |  |  |  |  | 90 Days |  |  |  |  |  |
|  |  |  |  | 30-59 |  | 60-89 |  | and |  | Non |  | Total
(In thousands) |  | Current |  | Days |  | Days |  | Over |  | Accrual |  | Loans
Commercial and industrial |  | $ | 136,850 |  | $ | — |  | $ | 10 |  | $ | — |  | $ | 56 |  | $ | 136,916
Real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 139,249 |  |  | 137 |  |  | — |  |  | 29 |  |  | 1,433 |  |  | 140,848
Construction |  |  | 9,067 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9,067
Church, church-related: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 347,506 |  |  | — |  |  | — |  |  | — |  |  | 220 |  |  | 347,726
Construction |  |  | 36,497 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 36,497
Other |  |  | 511 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 511
Total |  | $ | 669,680 |  | $ | 137 |  | $ | 10 |  | $ | 29 |  | $ | 1,709 |  | $ | 671,565
The following table presents the aging of loans by loan categories at December 31, 2010:
|  | Performing |  | Nonperforming
|  |  |  |  |  |  |  |  |  |  | 90 Days |  |  |  |  |  |
|  |  |  |  | 30-59 |  | 60-89 |  | and |  | Non |  | Total
(In thousands) |  | Current |  | Days |  | Days |  | Over |  | Accrual |  | Loans
Commercial and industrial |  | $ | 134,936 |  | $ | 79 |  | $ | — |  | $ | — |  | $ | 46 |  | $ | 135,061
Real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 151,581 |  |  | 145 |  |  | — |  |  | — |  |  | 489 |  |  | 152,215
Construction |  |  | 18,434 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 18,434
Church, church-related: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 363,424 |  |  | 1,924 |  |  | — |  |  | — |  |  | 30 |  |  | 365,378
Construction |  |  | 36,318 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 36,318
Other |  |  | 1,227 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,227
Total |  | $ | 705,920 |  | $ | 2,148 |  | $ | — |  | $ | — |  | $ | 565 |  | $ | 708,633
The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2011:
|  | Loans |  | Performing |  | Nonperforming |  |  |
|  | Subject to |  | Loans Subject to |  | Loans Subject to |  |  |
|  | Normal |  | Special |  | Special |  | Total
(In thousands) |  | Monitoring1 |  | Monitoring2 |  | Monitoring2 |  | Loans
Commercial and industrial |  | $ | 132,475 |  | $ | 4,385 |  | $ | 56 |  | $ | 136,916
Real estate |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 125,850 |  |  | 13,536 |  |  | 1,462 |  |  | 140,848
Construction |  |  | 9,067 |  |  | — |  |  | — |  |  | 9,067
Church, church-related: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 336,727 |  |  | 10,779 |  |  | 220 |  |  | 347,726
Construction |  |  | 36,497 |  |  | — |  |  | — |  |  | 36,497
Other |  |  | 511 |  |  | — |  |  | — |  |  | 511
Total |  | $ | 641,127 |  | $ | 28,700 |  | $ | 1,738 |  | $ | 671,565
1 |  | Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligation.
2 |  | Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.
The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2010:
|  | Loans |  | Performing |  | Nonperforming |  |  |
|  | Subject to |  | Loans Subject to |  | Loans Subject to |  |  |
|  | Normal |  | Special |  | Special |  | Total
(In thousands) |  | Monitoring1 |  | Monitoring2 |  | Monitoring2 |  | Loans
Commercial and industrial |  | $ | 130,148 |  | $ | 4,867 |  | $ | 46 |  | $ | 135,061
Real estate |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 143,009 |  |  | 8,717 |  |  | 489 |  |  | 152,215
Construction |  |  | 18,434 |  |  | — |  |  | — |  |  | 18,434
Church, church-related: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 353,578 |  |  | 11,770 |  |  | 30 |  |  | 365,378
Construction |  |  | 36,318 |  |  | — |  |  | — |  |  | 36,318
Other |  |  | 1,227 |  |  | — |  |  | — |  |  | 1,227
Total |  | $ | 682,714 |  | $ | 25,354 |  | $ | 565 |  | $ | 708,633
1 |  | Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligation.
2 |  | Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.
Impaired loans consist primarily of nonaccrual loans, loans greater than 90 days past due and still accruing interest and troubled debt restructurings, both performing and non-performing. Troubled debt restructuring involves the granting of a concession to a borrower experiencing financial difficulty resulting in the modification of terms of the loan, such as changes in payment schedule or interest rate. The allowance for loan losses related to impaired loans was $1,066,000 and $120,000 at December 31, 2011 and 2010, respectively. There were no impaired loans without a valuation allowance at December 31, 2011 or 2010. Nonaccrual loans were $1,709,000 and $565,000 at December 31, 2011 and 2010, respectively. Loans delinquent 90 days or more and still accruing interest were $29,000 and $0 at December 31, 2011 and 2010, respectively. At December 31, 2011 there were two loans totaling $4,479,000 classified as troubled debt restructuring, with a total pre-modification loan balance of $4,486,000; there were no troubled debt restructurings at December 31, 2010. The average balances of impaired loans during 2011, 2010 and 2009 were $5,276,000 $1,130,000 and $1,568,000, respectively. Income that would have been recognized on non-accrual loans under the original terms of the contract was $107,000, $83,000 and $134,000 for 2011, 2010 and 2009, respectively. Income that was recognized on nonaccrual loans was $102,000, $35,000 and $131,000 for 2011, 2010 and 2009 respectively. There are two foreclosed loans with a book value of $1,689,000 which have been reclassified as other real estate owned (included in other assets) as of December 31, 2011. The following table presents the recorded investment and unpaid principal balance for impaired loans at December 31, 2011:
|  |  |  |  | Unpaid |  | Related
|  | Recorded |  | Principal |  | Allowance for
(In thousands) |  | Investment |  | Balance |  | Loan Losses
Commercial and industrial: |  |  |  |  |  |  |  |  |
Nonaccrual |  | $ | 56 |  | $ | 56 |  | $ | 28
Troubled debt restructurings still accruing |  |  | 83 |  |  | 83 |  |  | 8
Real estate |  |  |  |  |  |  |  |  |
Commercial – Mortgage: |  |  |  |  |  |  |  |  |
Nonaccrual |  |  | 1,433 |  |  | 1,433 |  |  | 149
Past due 90 days or more and still accruing |  |  | 29 |  |  | 29 |  |  | —
Troubled debt restructurings still accruing |  |  | 4,396 |  |  | 4,396 |  |  | 766
Church – Mortgage: |  |  |  |  |  |  |  |  |
Nonaccrual |  |  | 220 |  |  | 220 |  |  | 115
Total impaired loans |  | $ | 6,217 |  | $ | 6,217 |  | $ | 1,066
The following table presents the recorded investment and unpaid principal balance for impaired loans at December 31, 2010:
|  |  |  |  | Unpaid |  | Related
|  | Recorded |  | Principal |  | Allowance for
(In thousands) |  | Investment |  | Balance |  | Loan Losses
Commercial and industrial: |  |  |  |  |  |  |  |  |
Nonaccrual |  | $ | 46 |  | $ | 46 |  | $ | 5
Troubled debt restructurings still accruing |  |  | — |  |  | — |  |  | —
Real estate |  |  |  |  |  |  |  |  |
Commercial – Mortgage: |  |  |  |  |  |  |  |  |
Nonaccrual |  |  | 489 |  |  | 489 |  |  | 100
Church – Mortgage: |  |  |  |  |  |  |  |  |
Nonaccrual |  |  | 30 |  |  | 30 |  |  | 15
Total impaired loans |  | $ | 565 |  | $ | 565 |  | $ | 120
The Company does not record loans at fair value on a recurring basis other than loans that are considered impaired. Once a loan is identified as impaired, management measures impairment in accordance with FASB ASC 310, “Allowance for Credit Losses”. At December 31, 2011, all impaired loans were evaluated based on the fair value of the collateral. The fair value of the collateral is based upon an observable market price or current appraised value and therefore, the Company classifies these assets as nonrecurring Level 2. The total principal balance of impaired loans measured at fair value at December 31,2011 and 2010 was $5,151,000 and $445,000. A summary of the activity in the allowance for loan losses is as follows:
|  | December 31, |  | Charge- |  |  |  |  |  |  |  |  | December 31,
(In thousands) |  | 2010 |  | Offs |  | Recoveries |  | Provision |  | 2011
Commercial and industrial |  | $ | 2,732 |  | $ | 1,118 |  | $ | 58 |  | $ | 922 |  |  | $ | 2,594
Real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 3,356 |  |  | — |  |  | — |  |  | 1,420 |  |  |  | 4,776
Construction |  |  | 269 |  |  | — |  |  | — |  |  | (102 | ) |  |  | 167
Church, church-related: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage |  |  | 5,135 |  |  | 28 |  |  | 1 |  |  | (311 | ) |  |  | 4,797
Construction |  |  | 387 |  |  | — |  |  | — |  |  | 229 |  |  |  | 616
Other |  |  | 12 |  |  | — |  |  | — |  |  | (8 | ) |  |  | 4
Total |  | $ | 11,891 |  | $ | 1,146 |  | $ | 59 |  | $ | 2,150 |  |  | $ | 12,954
Loan transactions involving executive officers and directors of the Company and its subsidiaries and loans to affiliates of executive officers and directors decreased during 2011 by $2,000 in payments, from an aggregate balance of $580,000 on January 1, 2011 to $578,000 at December 31, 2011. Such loans were made in the normal course of business on substantially the same terms, including interest rates and collateral, as those prevailing at the same time for comparable transactions with other persons, and did not involve more than the normal risk of collectability.

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- Definition The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5066-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 01-6 -Paragraph 13 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5162-111524 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 7: 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 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 4 -Section 08 -Paragraph k Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5074-111524 + Details
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