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Loans Receivable (Tables)

3 Months Ended

Mar. 31, 2014

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Categories of loans include:

		March 31, 2014				December 31, 2013
Real estate loans
Residential		$	192,733			$	191,007
Commercial		166,800				142,429
Total real estate loans		359,533				333,436
Commercial loans		63,373				55,168
Consumer loans		104,694				107,562
Total loans		527,600				496,166
Deferred loan origination costs and premiums and discounts on purchased loans		4,649				4,987
Allowance for loan losses		(5,388		)		(5,426		)
Loans receivable - net of allowance for loan losses		$	526,861			$	495,727

Allowance for Credit Losses on Financing Receivables

The following tables present changes in the balance of the ALLL during the three month periods ended March 31, 2014 and 2013: 

		Three Months Ended March 31, 2014
		Residential Real Estate				Commercial Real Estate				Commercial				Consumer				Total
Allowance for loan losses:
Balance, beginning of period		$	1,219			$	2,517			$	819			$	871			$	5,426
Provision (credit) charged to expense		(66		)		179				52				(18		)		147
Losses charged off		(122		)		—				—				(169		)		(291		)
Recoveries		13				—				—				93				106
Balance, end of period		$	1,044			$	2,696			$	871			$	777			$	5,388

		Three Months Ended March 31, 2013
		Residential Real Estate				Commercial Real Estate				Commercial				Consumer				Total
Allowance for loan losses:
Balance, beginning of period		$	1,149			$	3,107			$	371			$	1,206			$	5,833
Provision (credit) charged to expense		(81		)		(25		)		95				145				134
Losses charged off		(54		)		—				—				(236		)		(290		)
Recoveries		8				—				—				63				71
Balance, end of period		$	1,022			$	3,082			$	466			$	1,178			$	5,748

Allowance For Credit Losses On Financing Receivables Portfolio Segment

The following tables present the recorded investment in loans based on portfolio segment and impairment method as of March 31, 2014, and December 31, 2013:

		March 31, 2014
		Residential Real Estate				Commercial Real Estate				Commercial				Consumer				Total
Loans:
Ending balance		$	192,733			$	166,800			$	63,373			$	104,694			$	527,600
Ending balance:  individually evaluated for impairment		1,181				1,051				—				325				2,557
Ending balance:  collectively evaluated for impairment		$	191,552			$	165,749			$	63,373			$	104,369			$	525,043
Allowance for loan losses:
Ending Balance		$	1,044			$	2,696			$	871			$	777			$	5,388
Ending balance:  individually evaluated for impairment		9				—				—				16				25
Ending balance:  collectively evaluated for impairment		$	1,035			$	2,696			$	871			$	761			$	5,363

		December 31, 2013
		Residential Real Estate				Commercial Real Estate				Commercial				Consumer				Total
Loans:
Ending balance		$	191,007			$	142,429			$	55,168			$	107,562			$	496,166
Ending balance:  individually evaluated for impairment		1,684				1,054				—				339				3,077
Ending balance:  collectively evaluated for impairment		$	189,323			$	141,375			$	55,168			$	107,223			$	493,089
Allowance for loan losses:
Ending Balance		$	1,219			$	2,517			$	819			$	871			$	5,426
Ending balance:  individually evaluated for impairment		116				98				—				28				242
Ending balance:  collectively evaluated for impairment		$	1,103			$	2,419			$	819			$	843			$	5,184

Financing Receivable Credit Quality Indicators

The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of March 31, 2014 and December 31, 2013: 

		March 31, 2014
		Commercial Real Estate				Commercial
Rating:
1-5 Pass		$	163,445			$	62,617
6 Special Mention		2,304				756
7 Substandard		1,051				—
8 Doubtful		—				—
Total		$	166,800			$	63,373

		March 31, 2014
		Residential Real Estate				Consumer
Performing		$	192,596			$	104,553
Nonaccrual		137				141
Total		$	192,733			$	104,694

		December 31, 2013
		Commercial Real Estate				Commercial
Rating:
1-5 Pass		$	139,052			$	54,035
6 Special Mention		2,323				1,133
7 Substandard		1,054				—
8 Doubtful		—				—
Total		$	142,429			$	55,168

		December 31, 2013
		Residential Real Estate				Consumer
Performing		$	190,377			$	107,412
Nonaccrual		630				150
Total		$	191,007			$	107,562

Past Due Financing Receivables

The following tables present the Company’s loan portfolio aging analysis as of March 31, 2014 and December 31, 2013: 

		March 31, 2014
		30-59 Days Past Due				60-89 Days Past Due				90 Days  or More Past Due				Total  Past Due				Current				Total Loans Receivable				Non- accrual Loans				Total Loans 90 Days or More Past Due and Accruing
Residential real estate		$	74			$	27			$	111			$	212			$	192,521			$	192,733			$	137			$	—
Commercial real estate		—				—				955				955				165,845				166,800				1,051				—
Commercial		—				—				—				—				63,373				63,373				—				—
Consumer		224				34				87				345				104,349				104,694				141				23
Total		$	298			$	61			$	1,153			$	1,512			$	526,088			$	527,600			$	1,329			$	23

		December 31, 2013
		30-59 Days Past Due				60-89 Days Past Due				90 Days  or More Past Due				Total  Past Due				Current				Total Loans Receivable				Non- accrual Loans				Total Loans 90 Days or More Past Due and Accruing
Residential real estate		$	122			$	—			$	603			$	725			$	190,282			$	191,007			$	630			$	—
Commercial real estate		—				—				955				955				141,474				142,429				1,054				—
Commercial		—				—				—				—				55,168				55,168				—				—
Consumer		484				45				84				613				106,949				107,562				150				18
Total		$	606			$	45			$	1,642			$	2,293			$	493,873			$	496,166			$	1,834			$	18

Impaired Financing Receivables

The following table presents the Company’s impaired loans as of March 31, 2014 and December 31, 2013: 

		March 31, 2014												December 31, 2013
		Recorded Balance				Unpaid Principal Balance				Specific Allowance				Recorded Balance				Unpaid Principal Balance				Specific Allowance
Loans without a specific valuation allowance
Residential real estate loans		$	1,155			$	1,186			$	—			$	1,551			$	1,842			$	—
Commercial real estate loans		1,051				1,509				—				956				2,310				—
Commercial loans		—				—				—				—				—				—
Consumer loans		269				457				—				271				326				—
Total		2,475				3,152				—				2,778				4,478				—
Loans with a specific valuation allowance
Residential real estate loans		26				34				9				133				141				116
Commercial real estate loans		—				—				—				98				98				98
Commercial loans		—				—				—				—				—				—
Consumer loans		56				100				16				68				80				28
Total		82				134				25				299				319				242
Total impaired loans
Residential real estate loans		1,181				1,220				9				1,684				1,983				116
Commercial real estate loans		1,051				1,509				—				1,054				2,408				98
Commercial loans		—				—				—				—				—				—
Consumer loans		325				557				16				339				406				28
Total		$	2,557			$	3,286			$	25			$	3,077			$	4,797			$	242

The table below presents average balances and interest income recognized for impaired loans during both the three month periods ended March 31, 2014 and March 31, 2013:

		Three Months Ended
		March 31, 2014								March 31, 2013
		Average Balance				Interest Income				Average Balance				Interest Income
Loans without a specific valuation allowance
Residential real estate loans		$	1,162			$	7			$	2,145			$	7
Commercial real estate loans		1,052				—				—				—
Commercial loans		—				—				—				—
Consumer loans		296				4				365				—
Total		2,510				11				2,510				7
Loans with a specific valuation allowance
Residential real estate loans		26				—				232				—
Commercial real estate loans		—				—				2,466				1
Commercial loans		—				—				—				—
Consumer loans		78				—				110				—
Total		104				—				2,808				1
Total impaired loans
Residential real estate loans		1,188				7				2,377				7
Commercial real estate loans		1,052				—				2,466				1
Commercial loans		—				—				—				—
Consumer loans		374				4				475				—
Total		$	2,614			$	11			$	5,318			$	8

Troubled Debt Restructurings on Financing Receivables

Loans classified as TDRs during the three months ended March 31, 2014 and 2013 are shown in the tables below. The 2014 and 2013 modifications consisted solely of maturity date concessions.

		New TDRs During the Three Months Ended
		March 31, 2014											March 31, 2013
		Number of Contracts			Recorded Balance Before				Recorded Balance After				Number of Contracts			Recorded Balance Before				Recorded Balance After
Real estate loans:
Residential		—			$	—			$	—			—			$	—			$	—
Commercial		—			—				—				—			—				—
Total real estate loans		—			—				—				—			—				—
Commercial loans		—			—				—				—			—				—
Consumer loans		1			21				21				2			2				2
Total loans		1			$	21			$	21			2			$	2			$	2

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- 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.

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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.

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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