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Loans Receivable and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2017

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition of Loans Receivable [Table Text Block]



	Types of loans
	(dollars in thousands)

	March 31, 2017						December 31, 2016
Real Estate Loans:
Residential	$	236,676		32.9	%		$	237,177		33.2	%
Commercial		327,067		45.5				320,187		44.8
Construction		18,075		2.5				19,709		2.8
Commercial, financial and agricultural		82,183		11.4				85,508		12.0
Consumer loans to individuals		55,648		7.7				51,524		7.2
Total loans		719,649		100.0	%			714,105		100.0	%
Deferred fees, net		(206)						(216)
Total loans receivable		719,443						713,889
Allowance for loan losses		(6,901)						(6,463)
Net loans receivable	$	712,542					$	707,426



Components of purchase accounting adjustments related to purchased impaired loans acquired [Table Text Block]



(In Thousands)			July 31, 2016

Contractually required principal and interest		$	2,621
Non-accretable discount			(1,014)
Expected cash flows			1,607
Accretable discount			(239)
Estimated fair value		$	1,368



Changes in amortizable yield for purchased credit-impaired loans [Table Text Block]



	2017
Balance at beginning of period	$	208
Additions		-
Accretion		(19)
Reclassification and other		-
Balance at end of period	$	189



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



	March 31, 2017			December 31, 2016

Outstanding Balance	$	1,743		$	1,821
Carrying Amount	$	1,356		$	1,386



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
March 31, 2017	(In thousands)

  Individually evaluated for impairment	$	83		$	2,518		$	-		$	-		$	-		$	2,601
Loans acquired with deteriorated credit quality		826			530			-			-			-			1,356
  Collectively evaluated for impairment		235,767			324,019			18,075			82,183			55,648			715,692
Total Loans	$	236,676		$	327,067		$	18,075		$	82,183		$	55,648		$	719,649







	Real Estate Loans
										Commercial			Consumer
	Residential			Commercial			Construction			Loans			Loans			Total
	(In thousands)
December 31, 2016

Individually evaluated for impairment	$	23		$	2,601		$	-		$	-		$	-		$	2,624
Loans acquired with deteriorated credit quality		821			565			-			-			-			1,386
Collectively evaluated for impairment		236,333			317,021			19,709			85,508			51,524			710,095
Total Loans	$	237,177		$	320,187		$	19,709		$	85,508		$	51,524		$	714,105





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
March 31, 2017					(in thousands)
With no related allowance recorded:
Real Estate Loans
  Residential	$	83		$	88		$	-
  Commercial		2,518			3,399			-
Subtotal		2,601			3,487			-
Total:
Real Estate Loans
  Residential		83			88			-
  Commercial		2,518			3,399			-
Total Impaired Loans	$	2,601		$	3,487		$	-







				Unpaid
	Recorded			Principal			Associated
	Investment			Balance			Allowance
December 31, 2016					(in thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	23		$	28		$	-
Commercial		2,601			3,427			-
Subtotal		2,624			3,455			-
Total:
Real Estate Loans
Residential		23			28			-
Commercial		2,601			3,427			-
Total Impaired Loans	$	2,624		$	3,455		$	-













The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the three months ended March 31, 2017 and 2016 (in thousands):







	Average Recorded						Interest Income
	Investment						Recognized
	2017			2016			2017			2016

Real Estate Loans:
Residential	$	83		$	164		$	-		$	1
Commercial		2,559			8,640			22			32
Total	$	2,642		$	8,804		$	22		$	33



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



				Special							Doubtful
	Pass			Mention			Substandard			or Loss			Total
March 31, 2017
Commercial real estate loans	$	311,301		$	11,081		$	4,685		$	-		$	327,067
Commercial loans		81,176			913			94			-			82,183
Total	$	392,477		$	11,994		$	4,779		$	-		$	409,250







				Special							Doubtful
	Pass			Mention			Substandard			or Loss			Total
December 31, 2016
Commercial real estate loans	$	310,432		$	5,432		$	4,323		$	-		$	320,187
Commercial loans		84,600			885			23			-			85,508
Total	$	395,032		$	6,317		$	4,346		$	-		$	405,695





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 March 31, 2017 and December 31, 2016 (in thousands):







	Performing			Nonperforming			Total
March 31, 2017
Residential real estate loans	$	235,306		$	1,370		$	236,676
Construction		18,055			20			18,075
Consumer loans		55,648			-			55,648
Total	$	309,009		$	1,390		$	310,399







	Performing			Nonperforming			Total
December 31, 2016
Residential real estate loans	$	235,829		$	1,137		$	237,177
Construction		19,681			28			19,709
Consumer loans		51,524			-			51,524
Total	$	307,034		$	1,165		$	308,410



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
March 31, 2017
Real Estate loans
Residential	$	234,706		$	596		$	4		$	-		$	1,370		$	1,970		$	236,676
Commercial		325,895			450			-			-			722			1,172			327,067
Construction		18,055			-			-			-			20			20			18,075
Commercial  loans		82,036			109			38			-			-			147			82,183
Consumer  loans		55,587			61			-			-			-			61			55,648
Total	$	716,279		$	1,216		$	42		$	-		$	2,112		$	3,370		$	719,649







	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, 2016
Real Estate loans
Residential	$	234,790		$	986		$	264		$	1		$	1,136		$	2,387		$	237,177
Commercial		318,979			445			1			-			762			1,208			320,187
Construction		19,681			-			-			-			28			28			19,709
Commercial  loans		85,355			143			10			-			-			153			85,508
Consumer  loans		51,456			39			29			-			-			68			51,524
Total	$	710,261		$	1,613		$	304		$	1		$	1,926		$	3,844		$	714,105





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

Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the allowance for loan losses.  When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off  against the allowance.  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, 2016	$	1,092		$	4,623		$	78		$	307		$	363		$	6,463
Charge Offs		(39)			(85)			(8)			-			(52)			(184)
Recoveries		1			2			12			-			7			22
Provision for loan losses		125			291			13			62			109			600
Ending balance, March 31, 2017	$	1,179		$	4,831		$	95		$	369		$	427		$	6,901
Ending balance individually evaluated for impairment	$	-		$	-		$	-		$	-		$	-		$	-
Ending balance collectively evaluated for impairment	$	1,179		$	4,831		$	95		$	369		$	427		$	6,901











(In thousands)	Residential Real Estate			Commercial Real Estate			Construction			Commercial			Consumer			Total
Beginning balance, December 31, 2015	$	1,069		$	5,506		$	90		$	397		$	236		$	7,298
Charge Offs		-			(129)			-			-			(7)			(136)
Recoveries		1			2			-			-			27			30
Provision for loan losses		7			379			19			49			(4)			450
Ending balance, March 31, 2016	$	1,077		$	5,758		$	109		$	446		$	252		$	7,642
Ending balance individually evaluated for impairment	$	-		$	1,644		$	-		$	-		$	-		$	1,644
Ending balance collectively evaluated for impairment	$	1,077		$	4,114		$	109		$	446		$	252		$	5,998





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