Loans Receivable and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2014

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition of Loans Receivable [Table Text Block]





	December 31, 2014				December 31, 2013
Real Estate:
Residential	$	158,139	31.5	%	$	158,842	31.6	%
Commercial		261,956	52.2			273,144	54.2
Construction		19,221	3.9			20,551	4.1
Commercial, financial and agricultural		42,514	8.5			35,745	7.1
Consumer loans to individuals		19,704	3.9			15,295	3.0
Total loans		501,534	100.0	%		503,577	100.0	%

Deferred fees, net		(399)				(480)
Total loans receivable		501,135				503,097
Allowance for loan losses		(5,875)				(5,708)
Net loans receivable	$	495,260			$	497,389

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

The carrying value of the loans acquired 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 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)



	2014		2013		2012
Balance at beginning of period	$	20	$	76	$	171
Accretion		(12)		(56)		(95)
Reclassification and other		-		-		-
Balance at end of period	$	8	$	20	$	76

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



	December 31, 2014		December 31, 2013

Outstanding Balance	$	1,057	$	1,110
Carrying Amount	$	1,049	$	1,090

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

The following tables show 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, 2014
Individually evaluated for impairment	$	-	$	10,556	$	-	$	-	$	-	$	10,556
Loans acquired with deteriorated credit quality		225		824		-		-		-		1,049
Collectively evaluated for impairment		157,914		250,576		19,221		42,514		19,704		489,929
Total Loans	$	158,139	$	261,956	$	19,221	$	42,514	$	19,704	$	501,534



	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

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, 2014	(In thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	225	$	233	$	-
Commercial		8,407		8,566		-
Subtotal		8,632		8,799		-
With an allowance recorded:
Real Estate Loans
Commercial		2,973		3,837		293
Subtotal		2,973		3,837		293
Total:
Real Estate Loans
Residential		225		233		-
Commercial		11,380		12,403		293
Total Impaired Loans	$	11,605	$	12,636	$	293



			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 for the year ended December 31, 2014 and 2013:


	Average Recorded	Average Recorded					Interest Income
		Investment					Recognized
	2014		2013			2012	2014		2013			2012
	(In thousands)
Total:
Real Estate Loans
Residential	$	233	$	252	$	281	$	5	$	5	$	5
Commercial		7,492		10,328		12,108		503		236		226
Commercial Loans		-		-		340		-		-		2
Total Loans	$	7,725	$	10,580	$	12,729	$	508	$	241	$	233

Troubled Debt Restructurings on Financing Receivables [Table Text Block]


	For the Twelve Months Ended December 31, 2014
			Pre-Modification		Post-Modification
			Outstanding Recorded		Outstanding Recorded
	Number of Contracts		Investment		Investment
Troubled Debt Restructurings

Real Estate Loans:
Commercial	1	$	4,914	$	4,914

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



			Special
	Pass		Mention		Substandard		Doubtful		Loss		Total
December 31, 2014
Commercial real estate loans	$	246,629	$	1,983	$	13,344	$	-	$	-	$	261,956
Commercial		42,514		-		-		-		-		42,514
Total	$	289,143	$	1,983	$	13,344	$	-	$	-	$	304,470



			Special
	Pass		Mention		Substandard		Doubtful		Loss		Total
December 31, 2013
Commercial real estate loans	$	250,566	$	3,651	$	18,927	$	-	$	-	$	273,144
Commercial		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 December 31, 2014 and December 31, 2013 (in thousands):



	Performing		Nonperforming		Total
December 31, 2014
Residential real estate loans	$	156,464	$	1,675	$	158,139
Construction		19,221		-		19,221
Consumer loans to individuals		19,700		4		19,704
Total	$	195,385	$	1,679	$	197,064



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

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, 2014 and December 31, 2013 (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, 2014
Real Estate loans
Residential	$	156,242	$	222	$	-	$	-	$	1,675	$	1,897	$	158,139
Commercial		252,495		5,100		440		-		3,921		9,461		261,956
Construction		19,221		-		-		-		-		-		19,221
Commercial loans		42,500		14		-		-		-		14		42,514
Consumer loans		19,606		94		-		-		4		98		19,704
Total	$	490,064	$	5,430	$	440	$	-	$	5,600	$	11,470	$	501,534



	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 changes in the allowance for loan losses:



	Year ended December 31,
	(dollars in thousands)
	2014		2013			2012

Allowance at beginning of period	$	5,708	$	5,502	$	5,458
Charge-offs:
Commercial and all other		-		(4)		(24)
Real Estate		(1,466)		(2,131)		(2,354)
Consumer		(80)		(90)		(59)
Total		(1,546)		(2,225)		(2,437)
Recoveries:
Commercial and all other		-		-		-
Real Estate		2		9		7
Consumer		31		22		24
Total		33		31		31
Provision for loan losses		1,680		2,400		2,450
Allowance at end of period	$	5,875	$	5,708	$	5,502

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		(270)		(1,196)		-		-		(80)		(1,546)
Recoveries		-		2		-		-		31		33
Provision for loan losses		152		2,059		(676)		72		73		1,680
Ending balance, December 31, 2014	$	1,323	$	3,890	$	222	$	256	$	184	$	5,875
Ending balance individually evaluated for impairment	$	-	$	293	$	-	$	-	$	-	$	293
Ending balance collectively evaluated for impairment	$	1,323	$	3,597	$	222	$	256	$	184	$	5,582



(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