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Loans Receivable and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2013

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition of Loans Receivable [Table Text Block]

Set forth below is selected data relating to the composition of the loan portfolio at December 31:





	December 31, 2013				December 31, 2012
Real Estate-Residential	$	158,842	31.6	%	$	150,043	31.4	%
Commercial		273,144	54.2			274,484	57.5
Construction		20,551	4.1			13,435	2.8
Commercial, financial and agricultural		35,745	7.1			25,113	5.3
Consumer loans to individuals		15,295	3.0			14,154	3.0
Total loans		503,577	100.0	%		477,229	100.0	%

Deferred fees, net		(480)				(519)
Total loans receivable		503,097				476,710
Allowance for loan losses		(5,708)				(5,502)
Net loans receivable	$	497,389			$	471,208

Loans Acquired And Accounted For in Accordance With ASC 310-30 [Table Text Block]

The carrying value of the loans acquired and accounted for in accordance with ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, was determined by projecting discounted contractual cash flows. The table below presents the components of the purchase accounting adjustments related to the purchased impaired loans acquired in the North Penn acquisition as of May 31, 2011:



(In thousands)

Unpaid principal balance	$	1,936
Interest		1,669
Contractual cash flows		3,605
Non-accretable discount		(1,724)
Expected cash flows		1,881
Accretable discount		(329)
Estimated fair value	$	1,552

Changes In The Accretable Yield For Purchased Credit Impaired Loans [Table Text Block]

Changes in the accretable yield for purchased credit-impaired loans were as follows for the twelve months ended December 31:

(In thousands)



	2013		2012		2011
Balance at beginning of period	$	76	$	171	$	329
Accretion		(56)		(95)		(67)
Reclassification and other		-		-		(91)
Balance at end of period	$	20	$	76	$	171

Additional Information Regarding Loans Acquired and Accounted for in Accordance with ASC 310-30 [Table Text Block]

The following table presents additional information regarding loans acquired and accounted for in accordance with ASC 310-30 (in thousands):



	December 31, 2013		December 31, 2012

Outstanding Balance	$	1,110	$	1,145
Carrying Amount	$	1,090	$	1,069

Schedule of Loans Individually and Collectively Evaluated for Impairment [Table Text Block]

The following table shows the amount of loans in each category that were individually and collectively evaluated for impairment at the dates indicated:



	Real Estate Loans
							Commercial		Consumer
	Residential		Commercial		Construction		Loans		Loans		Total
December 31, 2013
Individually evaluated for impairment	$	-	$	11,519	$	-	$	-	$	-	$	11,519
Loans acquired with deteriorated credit quality		242		848		-		-		-		1,090
Collectively evaluated for impairment		158,600		260,777		20,551		35,745		15,295		490,968
Total Loans	$	158,842	$	273,144	$	20,551	$	35,745	$	15,295	$	503,577



	Real Estate Loans
							Commercial		Consumer
	Residential		Commercial		Construction		Loans		Loans		Total
	(In thousands)
December 31, 2012
Individually evaluated for impairment	$	-	$	10,246	$	-	$	310	$	-	$	10,556
Loans acquired with deteriorated credit quality		270		799		-		-		-		1,069
Collectively evaluated for impairment		149,773		263,439		13,435		24,803		14,154		465,604
Total Loans	$	150,043	$	274,484	$	13,435	$	25,113	$	14,154	$	477,229

Impaired Loans and Related Interest Income by Loan Portfolio Class [Table Text Block]

The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable.



			Unpaid
	Recorded		Principal		Associated
	Investment		Balance		Allowance
December 31, 2013	(In thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	242	$	251	$	-
Commercial		10,644		14,400		-
Subtotal		10,886		14,651		-
With an allowance recorded:
Real Estate Loans
Commercial		1,723		1,723		53
Subtotal		1,723		1,723		53
Total:
Real Estate Loans
Residential		242		251		-
Commercial		12,367		16,123		53
Total Impaired Loans	$	12,609	$	16,374	$	53



			Unpaid Principal
	Recorded		Principal		Associated
	Investment		Balance		Allowance
December 31, 2012				(in thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	270	$	286	$	-
Commercial		10,494		10,554		-
Commercial Loans		310		310		-
Subtotal		11,074		11,150		-
With an allowance recorded:
Real Estate Loans
Commercial		551		551		9
Subtotal		551		551		9
Total:
Real Estate Loans
Residential		270		286		-
Commercial		11,045		11,105		9
Commercial Loans		310		310		-
Total Impaired Loans	$	11,625	$	11,701	$	9

The following information for impaired loans is presented for the year ended December 31, 2013 and 2012:



	Average Recorded				Interest Income
	Investment				Recognized
	2013		2012		2013		2012
	(In thousands)
Total:
Real Estate Loans
Residential	$	252	$	281	$	5	$	5
Commercial		10,328		12,108		236		226
Commercial Loans		-		340		-		2
Total Loans	$	10,580	$	12,729	$	241	$	233

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following is a summary of troubled debt restructurings granted during the twelve month period ended December 31, 2013 (in thousands):


	For the Twelve Months Ended December 31, 2013
	Number Of Contracts	Pre-Modification Outstanding Recorded Investment	Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings
Real Estate Loans: Commercial	5	$5,147	$5,147

Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating [Table Text Block]

The following table presents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard, Doubtful and Loss within the internal risk rating system as of December 31, 2013 and December 31, 2012 (in thousands):



			Special
	Pass		Mention		Substandard		Doubtful		Loss		Total
December 31, 2013
Commercial real estate loans	$	250,566	$	3,651	$	18,927	$	-	$	-	$	273,144
Commercial loans		35,745		-		-		-		-		35,745
Total	$	286,311	$	3,651	$	18,927	$	-	$	-	$	308,889



			Special
	Pass		Mention		Substandard		Doubtful		Loss		Total
December 31, 2012
Commercial real estate loans	$	251,484	$	11,245	$	11,755	$	-	$	-	$	274,484
Commercial loans		24,427		318		368		-		-		25,113
Total	$	275,911	$	11,563	$	12,123	$	-	$	-	$	299,597

For residential real estate loans, construction loans and consumer loans, the Company evaluates credit quality based on the performance of the individual credits. The following table presents the recorded investment in the loan classes based on payment activity as of December 31, 2013 and December 31, 2012 (in thousands):



	Performing		Nonperforming		Total
December 31, 2013
Residential real estate loans	$	157,138	$	1,704	$	158,842
Construction		20,551		-		20,551
Consumer loans		15,295		-		15,295
Total	$	192,984	$	1,704	$	194,688



	Performing		Nonperforming		Total
December 31, 2012
Residential real estate loans	$	147,197	$	2,846	$	150,043
Construction		13,435		-		13,435
Consumer loans		14,154		-		14,154
Total	$	174,786	$	2,846	$	177,632

Loan Portfolio Summarized by the Past Due Status [Table Text Block]

Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of December 31, 2013 and December 31, 2012 (in thousands):



	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due and still accruing		Non-Accrual		Total Past Due and Non-Accrual		Total Loans
December 31, 2013
Real Estate loans
Residential	$	156,066	$	1,018	$	54	$	-	$	1,704	$	2,776	$	158,842
Commercial		263,837		977		487		-		7,843		9,307		273,144
Construction		20,551		-		-		-		-		-		20,551
Commercial loans		35,717		28		-		-		-		28		35,745
Consumer loans		15,228		57		10		-		-		67		15,295
Total	$	491,399	$	2,080	$	551	$	-	$	9,547	$	12,178	$	503,577



	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due and still accruing		Non-Accrual		Total Past Due and Non-Accrual		Total Loans
December 31, 2012
Real Estate loans
Residential	$	146,847	$	94	$	256	$	-	$	2,846	$	3,196	$	150,043
Commercial		261,527		2,333		598		-		10,026		12,957		274,484
Construction		13,363		72		-		-		-		72		13,435
Commercial loans		24,785		-		-		-		328		328		25,113
Consumer loans		14,029		114		11		-		-		125		14,154
Total	$	460,551	$	2,613	$	865	$	-	$	13,200	$	16,678	$	477,229

Allowance for Loan Losses and Recorded Investment in Financing Receivables [Table Text Block]

The following table presents changes in the allowance for loan losses:



	Year ended December 31,
	(dollars in thousands)
	2013		2012		2011

Allowance at beginning of period	$	5,502	$	5,458	$	5,616
Charge-offs:
Commercial and all other		(4)		(24)		(2)
Real Estate		(2,131)		(2,354)		(1,735)
Consumer		(90)		(59)		(109)
Total		(2,225)		(2,437)		(1,846)
Recoveries:
Commercial and all other		-		-		5
Real Estate		9		7		51
Consumer		22		24		57
Total		31		31		113
Provision for loan losses		2,400		2,450		1,575
Allowance at end of period	$	5,708	$	5,502	$	5,458

The following table presents the allowance for loan losses by the classes of the loan portfolio:



(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, December 31, 2012	$	1,797	$	3,183	$	119	$	223	$	180	$	5,502
Charge Offs		(603)		(1,488)		(40)		(4)		(90)		(2,225)
Recoveries		9		-		-		-		22		31
Provision for loan losses		238		1,330		819		(35)		48		2,400
Ending balance, December 31, 2013	$	1,441	$	3,025	$	898	$	184	$	160	$	5,708
Ending balance individually evaluated for impairment	$	-	$	53	$	-	$	-	$	-	$	53
Ending balance collectively evaluated for impairment	$	1,441	$	2,972	$	898	$	184	$	160	$	5,655



(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, December 31, 2011	$	1,257	$	3,838	$	72	$	147	$	144	$	5,458
Charge Offs		(541)		(1,632)		(181)		(24)		(59)		(2,437)
Recoveries		7		-		-		-		24		31
Provision for loan losses		1,074		977		228		100		71		2,450
Ending balance, December 31, 2012	$	1,797	$	3,183	$	119	$	223	$	180	$	5,502
Ending balance individually evaluated for impairment	$	-	$	9	$	-	$	-	$	-	$	9
Ending balance collectively evaluated for impairment	$	1,797	$	3,174	$	119	$	223	$	180	$	5,493