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Loans | 12 Months Ended
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Dec. 31, 2011
Loans [Abstract] |
Loans | Note 3. Loans Loans at December 31, 2011 and 2010 are summarized as follows:
|  | (in thousands) |
|  | 2011 |  |  | 2010 |
Real estate loans: |  |  |  |  |  |  |  |
Construction and land development |  | $ | 48,363 |  |  | $ | 52,591 |
Secured by 1-4 family residential |  |  | 122,339 |  |  |  | 121,506 |
Other real estate loans |  |  | 181,141 |  |  |  | 207,371 |
Commercial and industrial |  |  | 29,446 |  |  |  | 40,683 |
Consumer and other loans |  |  | 11,151 |  |  |  | 12,879 |
Total loans |  | $ | 392,440 |  |  | $ | 435,030 |
Allowance for loan losses |  |  | 12,937 |  |  |  | 16,036 |
Loans, net |  | $ | 379,503 |  |  | $ | 418,994 |
Consumer and other loans included $325 thousand and $231 thousand of demand deposit overdrafts at December 31, 2011 and 2010, respectively. The following tables provide a summary of loan classes and an aging of past due loans as of December 31, 2011 and 2010:
|  | December 31, 2011 |
|  | (in thousands) |
|  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | > 90 Days Past Due |  |  | Total Past Due |  |  | Current |  |  | Total Loans |  |  | Non-Accrual Loans |  |  | 90 Days or More Past Due and Accruing |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 2,267 |  |  | $ | 1,029 |  |  | $ | 235 |  |  | $ | 3,531 |  |  | $ | 44,832 |  |  | $ | 48,363 |  |  | $ | 235 |  |  | $ | — |
1-4 family residential |  |  | 4,179 |  |  |  | 471 |  |  |  | 688 |  |  |  | 5,338 |  |  |  | 117,001 |  |  |  | 122,339 |  |  |  | 3,043 |  |  |  | 98 |
Other real estate loans |  |  | 3,863 |  |  |  | 562 |  |  |  | 722 |  |  |  | 5,147 |  |  |  | 175,994 |  |  |  | 181,141 |  |  |  | 8,367 |  |  |  | 361 |
Commercial and industrial |  |  | 950 |  |  |  | 93 |  |  |  | 5 |  |  |  | 1,048 |  |  |  | 28,398 |  |  |  | 29,446 |  |  |  | 163 |  |  |  | — |
Consumer and other loans |  |  | 94 |  |  |  | 19 |  |  |  | 14 |  |  |  | 127 |  |  |  | 11,024 |  |  |  | 11,151 |  |  |  | 33 |  |  |  | — |
Total |  | $ | 11,353 |  |  | $ | 2,174 |  |  | $ | 1,664 |  |  | $ | 15,191 |  |  | $ | 377,249 |  |  | $ | 392,440 |  |  | $ | 11,841 |  |  | $ | 459 |
|  | December 31, 2010 |
|  | (in thousands) |
|  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | > 90 Days Past Due |  |  | Total Past Due |  |  | Current |  |  | Total Loans |  |  | Non-Accrual Loans |  |  | 90 Days or More Past Due and Accruing |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 525 |  |  | $ | — |  |  | $ | 3,665 |  |  | $ | 4,190 |  |  | $ | 48,401 |  |  | $ | 52,591 |  |  | $ | 5,780 |  |  | $ | — |
1-4 family residential |  |  | 2,642 |  |  |  | 178 |  |  |  | 315 |  |  |  | 3,135 |  |  |  | 118,371 |  |  |  | 121,506 |  |  |  | 628 |  |  |  | 315 |
Other real estate loans |  |  | 10,225 |  |  |  | 3,475 |  |  |  | 751 |  |  |  | 14,451 |  |  |  | 192,920 |  |  |  | 207,371 |  |  |  | 4,407 |  |  |  | 283 |
Commercial and industrial |  |  | 1,033 |  |  |  | 3 |  |  |  | — |  |  |  | 1,036 |  |  |  | 39,647 |  |  |  | 40,683 |  |  |  | — |  |  |  | — |
Consumer and other loans |  |  | 168 |  |  |  | 10 |  |  |  | 1 |  |  |  | 179 |  |  |  | 12,700 |  |  |  | 12,879 |  |  |  | 2 |  |  |  | — |
Total |  | $ | 14,593 |  |  | $ | 3,666 |  |  | $ | 4,732 |  |  | $ | 22,991 |  |  | $ | 412,039 |  |  | $ | 435,030 |  |  | $ | 10,817 |  |  | $ | 598 |
Credit Quality Indicators As part of the on-going monitoring of the credit quality of the Company's loan portfolio, management tracks certain credit quality indicators including trends related to the risk grading of specified classes of loans. The Company utilizes a risk grading matrix to assign a rating to each of its loans. The loan ratings are summarized into the following categories: pass, special mention, substandard, doubtful and loss. Pass rated loans include all risk rated credits other than those included in special mention, substandard or doubtful. Loans classified as loss are charged-off. Loan officers assign risk grades to loans at origination and as renewals arise. The Bank's Credit Administration department reviews risk grades for accuracy on a quarterly basis and as delinquency issues arise. In addition, a certain amount of loans are reviewed each year through the Company's internal and external loan review process. A description of the general characteristics of the loan grading categories is as follows: Special Mention – Loans classified as special mention have a potential weakness that deserves management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or the Bank's credit position at some future date. Substandard – Loans classified as substandard are inadequately protected by the current net worth and payment capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful – Loans classified as doubtful have all the weakness inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The Company considers all doubtful loans to be impaired and places the loan on non-accrual status. The following tables provide an analysis of the credit risk profile of each loan class as of December 31, 2011 and 2010:
|  | December 31, 2011 (in thousands) |
|  | Pass |  |  | Special Mention |  |  | Substandard |  |  | Doubtful |  |  | Total |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 23,172 |  |  | $ | 7,504 |  |  | $ | 17,452 |  |  | $ | 235 |  |  | $ | 48,363 |
Secured by 1-4 family residential |  |  | 108,240 |  |  |  | 5,645 |  |  |  | 8,266 |  |  |  | 188 |  |  |  | 122,339 |
Other real estate loans |  |  | 138,255 |  |  |  | 17,123 |  |  |  | 22,348 |  |  |  | 3,415 |  |  |  | 181,141 |
Commercial and industrial |  |  | 23,451 |  |  |  | 949 |  |  |  | 4,976 |  |  |  | 70 |  |  |  | 29,446 |
Consumer and other loans |  |  | 11,058 |  |  |  | 79 |  |  |  | — |  |  |  | 14 |  |  |  | 11,151 |
Total |  | $ | 304,176 |  |  | $ | 31,300 |  |  | $ | 53,042 |  |  | $ | 3,922 |  |  | $ | 392,440 |
|  | December 31, 2010 (in thousands) |
|  | Pass |  |  | Special Mention |  |  | Substandard |  |  | Doubtful |  |  | Total |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction and land development |  | $ | 21,212 |  |  | $ | 5,237 |  |  | $ | 21,471 |  |  | $ | 4,671 |  |  | $ | 52,591 |
Secured by 1-4 family residential |  |  | 106,722 |  |  |  | 4,435 |  |  |  | 10,349 |  |  |  | — |  |  |  | 121,506 |
Other real estate loans |  |  | 143,874 |  |  |  | 17,915 |  |  |  | 43,443 |  |  |  | 2,139 |  |  |  | 207,371 |
Commercial and industrial |  |  | 34,619 |  |  |  | 4,033 |  |  |  | 2,031 |  |  |  | — |  |  |  | 40,683 |
Consumer and other loans |  |  | 12,864 |  |  |  | 13 |  |  |  | 1 |  |  |  | 1 |  |  |  | 12,879 |
Total |  | $ | 319,291 |  |  | $ | 31,633 |  |  | $ | 77,295 |  |  | $ | 6,811 |  |  | $ | 435,030 |

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