Loans Receivable and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2014

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition of Loans Receivable [Table Text Block]



	Types of loans
	(dollars in thousands)

	September 30, 2014				December 31, 2013
Real Estate-Residential	$	157,945	31.5	%	$	158,842	31.6	%
Commercial		262,960	52.5			273,144	54.2
Construction		19,061	3.8			20,551	4.1
Commercial, financial and agricultural		41,962	8.4			35,745	7.1
Consumer loans to individuals		19,325	3.8			15,295	3.0
Total loans		501,253	100.0	%		503,577	100.0	%
Deferred fees, net		(409)				(480)
Total loans receivable		500,844				503,097
Allowance for loan losses		(5,651)				(5,708)
Net loans receivable	$	495,193			$	497,389

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



	2014		2013
Balance at beginning of period	$	20	$	76
Accretion		(12)		(49)
Reclassification and other		-		-
Balance at end of period	$	8	$	27

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



	September 30, 2014		December 31, 2013

Outstanding Balance	$	1,069	$	1,110
Carrying Amount	$	1,061	$	1,090

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
September 30, 2014	(In thousands)

Individually evaluated for impairment	$	-	$	5,853	$	-	$	-	$	-	$	5,853
Loans acquired with deteriorated credit quality		228		832		-		-		-		1,060
Collectively evaluated for impairment		157,717		256,275		19,061		41,962		19,325		494,340
Total Loans	$	157,945	$	262,960	$	19,061	$	41,962	$	19,325	$	501,253



	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
September 30, 2014				(in thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	228	$	228	$	-
Commercial		4,699		4,792		-
Subtotal		4,927		5,020		-
With an allowance recorded:
Real Estate Loans
Commercial		1,986		2,850		61
Subtotal		1,986		2,850		61
Total:
Real Estate Loans
Residential		228		228		-
Commercial		6,685		7,642		61
Total Impaired Loans	$	6,913	$	7,870	$	61



			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 nine months ended September 30, 2014 and 2013:



	Average Recorded				Interest Income
	Investment				Recognized
	2014		2013		2014		2013
Total:
Real Estate Loans
Residential	$	235	$	255	$	4	$	4
Commercial		6,577		10,120		150		47
Total Loans	$	6,812	$	10,375	$	154	$	51

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



	Average Recorded				Interest Income
	Investment				Recognized
	2014		2013		2014		2013
Total:
Real Estate Loans
Residential	$	230	$	245	$	2	$	2
Commercial		6,730		9,124		51		30
Total Loans	$	6,960	$	9,369	$	53	$	32

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



			Special					Doubtful
	Pass		Mention		Substandard		and Loss		Total
September 30, 2014
Commercial real estate loans	$	247,168	$	3,450	$	12,342	$	-	$	262,960
Commercial loans		41,962		-		-		-		41,962
Total	$	289,130	$	3,450	$	12,342	$	-	$	304,922



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



	Performing		Nonperforming		Total
September 30, 2014
Residential real estate loans	$	156,167	$	1,778	$	157,945
Construction		19,061		-		19,061
Consumer loans		19,325		-		19,325
Total	$	194,553	$	1,778	$	196,331



	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
September 30, 2014
Real Estate loans
Residential	$	155,278	$	755	$	134	$	-	$	1,778	$	2,667	$	157,945
Commercial		258,345		283		201		-		4,131		4,615		262,960
Construction		19,061		-		-		-		-		-		19,061
Commercial loans		41,962		-		-		-		-		-		41,962
Consumer loans		19,255		51		4		15		-		70		19,325
Total	$	493,901	$	1,089	$	339	$	15	$	5,909	$	7,352	$	501,253



	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		(132)		(1,177)		-		-		(36)		(1,345)
Recoveries		-		-		-		-		28		28
Provision for loan losses		(57)		2,005		(704)		14		2		1,260
Ending balance, September 30, 2014	$	1,252	$	3,853	$	194	$	198	$	154	$	5,651
Ending balance individually evaluated for impairment	$	-	$	61	$	-	$	-	$	-	$	61
Ending balance collectively evaluated for impairment	$	1,252	$	3,792	$	194	$	198	$	154	$	5,590


(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, June 30, 2014	$	1,194	$	3,900	$	205	$	179	$	133	$	5,611
Charge Offs		(34)		(348)		-		-		(9)		(391)
Recoveries		-		-		-		-		11		11
Provision for loan losses		92		301		(11)		19		19		420
Ending balance, September 30, 2014	$	1,252	$	3,853	$	194	$	198	$	154	$	5,651



(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		(547)		(1,308)		(40)		-		(74)		(1,969)
Recoveries		9		-		-		-		17		26
Provision for loan losses		406		1,288		329		(76)		53		2,000
Ending balance, September 30, 2013	$	1,665	$	3,163	$	408	$	147	$	176	$	5,559
Ending balance individually evaluated for impairment	$	-	$	-	$	-	$	-	$	-	$	-
Ending balance collectively evaluated for impairment	$	1,665	$	3,163	$	408	$	147	$	176	$	5,559



(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, June 30, 2013	$	1,764	$	3,318	$	363	$	147	$	157	$	5,749
Charge Offs		(157)		(380)		(40)		-		(28)		(605)
Recoveries		9		-		-		-		6		15
Provision for loan losses		49		225		85		-		41		400
Ending balance, September 30, 2013	$	1,665	$	3,163	$	408	$	147	$	176	$	5,559