Loans Receivable and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2014

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition of Loans Receivable [Table Text Block]



	Types of loans
	(dollars in thousands)

	June 30, 2014				December 31, 2013
Real Estate-Residential	$	155,995	31.0	%	$	158,842	31.6	%
Commercial		268,711	53.5			273,144	54.2
Construction		20,630	4.1			20,551	4.1
Commercial, financial and agricultural		40,357	8.0			35,745	7.1
Consumer loans to individuals		17,062	3.4			15,295	3.0
Total loans		502,755	100.0	%		503,577	100.0	%
Deferred fees, net		(439)				(480)
Total loans receivable		502,316				503,097
Allowance for loan losses		(5,611)				(5,708)
Net loans receivable	$	496,705			$	497,389

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



	June 30, 2014		December 31, 2013

Outstanding Balance	$	1,082	$	1,110
Carrying Amount	$	1,074	$	1,090

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



	2014		2013
Balance at beginning of period	$	20	$	76
Accretion		(12)		(42)
Reclassification and other		-		-
Balance at end of period	$	8	$	34

Impaired Loans and Related Interest Income by Loan Portfolio Class [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
June 30, 2014	(In thousands)

Individually evaluated for impairment	$	-	$	7,509	$	-	$	-	$	-	$	7,509
Loans acquired with deteriorated credit quality		233		841		-		-		-		1,074
Collectively evaluated for impairment		155,762		260,361		20,630		40,357		17,062		494,172
Total Loans	$	155,995	$	268,711	$	20,630	$	40,357	$	17,062	$	502,755



	Real Estate Loans
							Commercial		Consumer
	Residential		Commercial		Construction		Loans		Loans		Total
	(In thousands)
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

The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable. Also presented are the average recorded investments in the impaired loans and the related amount of interest recognized during the time within the period that the impaired loans were impaired.



			Unpaid
	Recorded		Principal		Associated
	Investment		Balance		Allowance
June 30, 2014				(in thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	233	$	241	$	-
Commercial		6,178		6,657		-
Subtotal		6,411		6,898		-
With an allowance recorded:
Real Estate Loans
Commercial		2,172		2,882		209
Subtotal		2,172		2,882		-
Total:
Real Estate Loans
Residential		233		241		-
Commercial		8,350		9,539		209
Total Impaired Loans	$	8,583	$	9,780	$	209



			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

The following information for impaired loans is presented (in thousands) for the six months ended June 30, 2014 and 2013:



	Average Recorded				Interest Income
	Investment				Recognized
	2014		2013		2014		2013
Total:
Real Estate Loans
Residential	$	237	$	258	$	2	$	2
Commercial		8,220		10,359		99		17
Total Loans	$	8,457	$	10,617	$	101	$	19

The following information for impaired loans is presented (in thousands) for the three months ended June 30, 2014 and 2013:



	Average Recorded				Interest Income
	Investment				Recognized
	2014		2013		2014		2013
Total:
Real Estate Loans
Residential	$	235	$	252	$	1	$	1
Commercial		8,116		10,165		42		-
Total Loans	$	8,351	$	10,417	$	43	$	1

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



			Special					Doubtful
	Pass		Mention		Substandard		and Loss		Total
June 30, 2014
Commercial real estate loans	$	250,854	$	3,476	$	14,381	$	-	$	268,711
Commercial loans		40,357		-		-		-		40,357
Total	$	291,211	$	3,476	$	14,381	$	-	$	309,068



			Special					Doubtful
	Pass		Mention		Substandard		and 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

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 June 30, 2014 and December 31, 2013 (in thousands):



	Performing		Nonperforming		Total
June 30, 2014
Residential real estate loans	$	154,277	$	1,718	$	155,995
Construction		20,630		-		20,630
Consumer loans		17,062		-		17,062
Total	$	191,969	$	1,718	$	193,687



	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

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


	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
June 30, 2014
Real Estate loans
Residential	$	153,384	$	853	$	40	$	-	$	1,718	$	2,611	$	155,995
Commercial		262,068		434		423		-		5,786		6,643		268,711
Construction		20,630		-		-		-		-		-		20,630
Commercial loans		40,337		19		1		-		-		20		40,357
Consumer loans		16,977		63		22		-		-		85		17,062
Total	$	493,396	$	1,369	$	486	$	-	$	7,504	$	9,359	$	502,755



	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

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

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, 2013	$	1,441	$	3,025	$	898	$	184	$	160	$	5,708
Charge Offs		(98)		(829)		-		-		(27)		(954)
Recoveries		-		-		-		-		17		17
Provision Expense		(149)		1,704		(693)		(5)		(17)		840
Ending balance, June 30, 2014	$	1,194	$	3,900	$	205	$	179	$	133	$	5,611
Ending balance individually evaluated for impairment	$	-	$	209	$	-	$	-	$	-	$	209
Ending balance collectively evaluated for impairment	$	1,194	$	3,691	$	205	$	179	$	133	$	5,402


(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, March 31, 2014	$	1,332	$	3,842	$	231	$	184	$	138	$	5,727
Charge Offs		(23)		(500)		-		-		(16)		(539)
Recoveries		-		-		-		-		3		3
Provision Expense		(115)		558		(26)		(5)		8		420
Ending balance, June 30, 2014	$	1,194	$	3,900	$	205	$	179	$	133	$	5,611



(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		(390)		(928)		-		-		(46)		(1,364)
Recoveries		-		-		-		-		11		11
Provision Expense		357		1,063		244		(76)		12		1,600
Ending balance, June 30, 2013	$	1,764	$	3,318	$	363	$	147	$	157	$	5,749
Ending balance individually evaluated for impairment	$	-	$	-	$	-	$	-	$	-	$	-
Ending balance collectively evaluated for impairment	$	1,764	$	3,318	$	363	$	147	$	157	$	5,749



(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, March 31, 2013	$	1,974	$	3,290	$	124	$	176	$	162	$	5,726
Charge Offs		(140)		(615)		-		-		(27)		(782)
Recoveries		-		-		-		-		5		5
Provision Expense		(70)		643		239		(29)		17		800
Ending balance, June 30, 2013	$	1,764	$	3,318	$	363	$	147	$	157	$	5,749