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Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2012

Allowance for Loan Losses [Abstract]

Transactions in the allowance for loan losses

		(in thousands)
		June 30, 2012				December 31, 2011				June 30, 2011
Balance at beginning of year		$	12,937			$	16,036			$	16,036
Provision charged to operating expense			2,650				12,380				3,820
Loan recoveries			196				310				156
Loan charge-offs			(1,784	)			(15,789	)			(6,234	)
Balance at end of period		$	13,999			$	12,937			$	13,778

Allowance by impairment methodology and loans by impairment methodology

		June 30, 2012 (in thousands)
		Construction and Land Development				Secured by 1-4 Family Residential				Other Real Estate				Commercial and Industrial				Consumer and Other Loans				Total
Allowance for loan losses:
Beginning Balance, December 31, 2011		$	2,843			$	3,766			$	5,192			$	963			$	173			$	12,937
Charge-offs			(369	)			(562	)			(674	)			(74	)			(105	)			(1,784	)
Recoveries			1				2				52				16				125				196
Provision for loan losses			700				993				1,285				(264	)			(64	)			2,650
Ending Balance, June 30, 2012		$	3,175			$	4,199			$	5,855			$	641			$	129			$	13,999
Ending Balance:
Individually evaluated for impairment			1,145				972				1,033				55				—				3,205
Collectively evaluated for impairment			2,030				3,227				4,822				586				129				10,794
Loans:
Ending Balance			47,843				128,229				174,212				24,937				8,914				384,135
Individually evaluated for impairment			5,256				5,460				10,813				402				—				21,931
Collectively evaluated for impairment			42,587				122,769				163,399				24,535				8,914				362,204
		December 31, 2011 (in thousands)
		Construction and Land Development				Secured by 1-4 Family Residential				Other Real Estate				Commercial and Industrial				Consumer and Other Loans				Total
Allowance for loan losses:
Beginning Balance, December 31, 2010		$	4,050			$	1,681			$	9,187			$	858			$	260			$	16,036
Charge-offs			(2,983	)			(4,639	)			(7,551	)			(348	)			(268	)			(15,789	)
Recoveries			50				6				—				3				251				310
Provision for loan losses			1,726				6,718				3,556				450				(70	)			12,380
Ending Balance, December 31, 2011		$	2,843			$	3,766			$	5,192			$	963			$	173			$	12,937
Ending Balance:
Individually evaluated for impairment			930				848				351				309				—				2,438
Collectively evaluated for impairment			1,913				2,918				4,841				654				173				10,499
Loans:
Ending Balance			48,363				122,339				181,141				29,446				11,151				392,440
Individually evaluated for impairment			7,640				6,860				10,940				480				—				25,920
Collectively evaluated for impairment			40,723				115,479				170,201				28,966				11,151				366,520

Impaired loans and the related allowance

		June 30, 2012 (in thousands)
		Unpaid Principal Balance				Recorded Investment with No Allowance				Recorded Investment with Allowance				Total Recorded Investment				Related Allowance				Average Recorded Investment				Interest Income Recognized
Real estate loans:
Construction and land development		$	5,586			$	595			$	4,661			$	5,256			$	1,145			$	5,730			$	137
Secured by 1-4 family			6,325				1,296				4,164				5,460				972				5,287				112
Other real estate loans			15,435				7,447				3,366				10,813				1,033				10,618				108
Commercial and industrial			402				—				402				402				55				468				10
Consumer and other loans			—				—				—				—				—				—				—
Total		$	27,748			$	9,338			$	12,593			$	21,931			$	3,205			$	22,103			$	367
		December 31, 2011 (in thousands)
		Unpaid Principal Balance				Recorded Investment with No Allowance				Recorded Investment with Allowance				Total Recorded Investment				Related Allowance				Average Recorded Investment				Interest Income Recognized
Real estate loans:
Construction and land development		$	8,106			$	3,531			$	4,109			$	7,640			$	930			$	7,077			$	367
Secured by 1-4 family			8,566				3,495				3,365				6,860				848				6,519				301
Other real estate loans			15,165				8,135				2,805				10,940				351				23,918				396
Commercial and industrial			480				—				480				480				309				660				27
Consumer and other loans			—				—				—				—				—				—				—
Total		$	32,317			$	15,161			$	10,758			$	25,920			$	2,438			$	38,174			$	1,091

X

- Definition

Allowance for credit losses on financing receivables classification.

+ References

No definition available.

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Impaired loans and the related allowance.

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X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 11B

-URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953423-111524

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