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Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2014

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Loans consisted of the following as of:

		March 31,			December 31,
(Dollars in thousands)		2014			2013
One-to-four family residential real estate		$	126,166		$	125,087
Construction and land			24,013			23,776
Commercial real estate			120,403			119,390
Commercial loans			58,991			61,383
Agriculture loans			58,713			62,287
Municipal loans			9,478			8,846
Consumer loans			19,394			18,600
Total gross loans			417,158			419,369
Net deferred loan costs and loans in process			33			187
Allowance for loan losses			(5,640)			(5,540)
Loans, net		$	411,551		$	414,016

Allowance for Credit Losses on Financing Receivables [Table Text Block]

The following tables provide information on the Company’s allowance for loan losses by loan class and allowance methodology:

		Three months ended March 31, 2014
(Dollars in thousands)		One-to-four family residential real estate			Construction and land			Commercial real estate			Commercial loans			Agriculture loans			Municipal loans			Consumer loans			Total
Balance at December 31, 2013		$	732		$	1,343		$	1,970		$	769		$	545		$	47		$	134		$	5,540
Charge-offs			(20)			-			-			(6)			-			-			(42)			(68)
Recoveries			3			3			-			1			-			-			11			18
Provision for loan losses			32			(410)			(455)			1,042			(110)			6			45			150
Balance at March 31, 2014			747			936			1,515			1,806			435			53			148			5,640
Allowance for loan losses:
Individually evaluated for loss			77			61			74			800			-			-			24			1,036
Collectively evaluated for loss			670			875			1,441			1,006			435			53			124			4,604
Total			747			936			1,806			1,515			435			53			148			5,640
Loan balances:
Individually evaluated for loss			349			8,113			2,884			3,299			-			706			57			15,408
Collectively evaluated for loss			125,817			15,900			117,519			55,692			58,713			8,772			19,337			401,750
Total		$	126,166		$	24,013		$	120,403		$	58,991		$	58,713		$	9,478		$	19,394		$	417,158

		Three ended March 31, 2013
(Dollars in thousands)		One-to-four family residential real estate			Construction and land			Commercial real estate			Commercial loans			Agriculture loans			Municipal loans			Consumer loans			Total
Balance at December 31, 2012		$	714		$	1,214		$	1,313		$	707		$	367		$	107		$	159		$	4,581
Charge-offs			(23)			-			-			(199)			-			-			(47)			(269)
Recoveries			8			2			-			1			-			-			11			22
Provision for loan losses			(121)			(82)			295			106			140			(6)			(32)			300
Balance at March 31, 2013			578			1,134			1,608			615			507			101			91			4,634
Allowance for loan losses:
Individually evaluated for loss			28			332			-			49			-			65			-			474
Collectively evaluated for loss			550			802			1,608			566			507			36			91			4,160
Total			578			1,134			1,608			615			507			101			91			4,634
Loan balances:
Individually evaluated for loss			757			8,603			2,833			236			5			772			27			13,233
Collectively evaluated for loss			90,623			15,591			90,259			58,804			31,771			5,753			12,654			305,455
Total		$	91,380		$	24,194		$	93,092		$	59,040		$	31,776		$	6,525		$	12,681		$	318,688

Past Due Financing Receivables [Table Text Block]

The following tables present information on the Company’s past due and non-accrual loans by loan class:

(Dollars in thousands)		As of March 31, 2014
		30-59 days delinquent and accruing				60-89 days delinquent and accruing				90 days or more delinquent and accruing				Total past due loans accruing				Non-accrual loans				Total
One-to-four family residential real estate		$	634			$	15			$	-			$	649			$	343			$	992
Construction and land			13				147				3,819				3,979				2,163				6,142
Commercial real estate			759				290				-				1,049				2,605				3,654
Commercial loans			116				12				-				128				3,299				3,427
Agriculture loans			437				-				-				437				-				437
Municipal loans			-				-				-				-				65				65
Consumer loans			203				-				-				203				57				260
Total		$	2,162			$	464			$	3,819			$	6,445			$	8,532			$	14,977
Percent of gross loans			0.52	%			0.11	%			0.92	%			1.54	%			2.05	%			3.59	%

(Dollars in thousands)		As of December 31, 2013
		30-59 days delinquent and accruing				60-89 days delinquent and accruing				90 days or more delinquent and accruing				Total past due loans accruing				Non-accrual loans				Total
One-to-four family residential real estate		$	311			$	793			$	-			$	1,104			$	776			$	1,880
Construction and land			18				-				-				18				2,165				2,183
Commercial real estate			-				9				-				9				2,658				2,667
Commercial loans			187				-				-				187				4,148				4,335
Agriculture loans			23				-				-				23				-				23
Municipal loans			-				-				-				-				65				65
Consumer loans			85				11				-				96				24				120
Total		$	624			$	813			$	-			$	1,437			$	9,836			$	11,273
Percent of gross loans			0.15	%			0.19	%			0.00	%			0.34	%			2.35	%			2.69	%

Impaired Financing Receivables [Table Text Block]

The following tables present information on impaired loans:

(Dollars in thousands)		As of March 31, 2014
		Unpaid contractual principal			Impaired loan balance			Impaired loans without an allowance			Impaired loans with an allowance			Related allowance recorded			Year-to- date average loan balance			Year-to- date interest income recognized
One-to-four family residential real estate		$	349		$	349		$	187		$	162		$	77		$	352		$	-
Construction and land			9,848			8,113			6,076			2,037			61			8,143			75
Commercial real estate			2,884			2,884			278			2,606			74			2,917			4
Commercial loans			3,299			3,299			149			3,150			800			4,045			-
Municipal loans			772			706			706			-			-			706			5
Consumer loans			57			57			38			19			24			59			-
Total impaired loans		$	17,209		$	15,408		$	7,434		$	7,974		$	1,036		$	16,222		$	84

(Dollars in thousands)		As of December 31, 2013
		Unpaid contractual principal			Impaired loan balance			Impaired loans without an allowance			Impaired loans with an allowance			Related allowance recorded			Year-to- date average loan balance			Year-to- date interest income recognized
One-to-four family residential real estate		$	782		$	782		$	326		$	456		$	82		$	800		$	-
Construction and land			9,895			8,160			6,098			2,062			234			8,383			279
Commercial real estate			2,936			2,936			278			2,658			140			3,046			18
Commercial loans			4,148			4,148			4,115			33			488			192			-
Municipal loans			772			706			706			-			-			772			20
Consumer loans			24			24			6			18			7			26			-
Total impaired loans		$	18,557		$	16,756		$	11,529		$	5,227		$	951		$	13,219		$	317

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following table presents information on loans that are classified as TDRs:

(Dollars in thousands)
		As of March 31, 2014									As of December 31, 2013
		Number of loans			Non-accrual balance			Accruing balance			Number of loans			Non-accrual balance			Accruing balance
One-to-four family residential real estate			1		$	-		$	6			1		$	-		$	6
Construction and land			7			624			5,951			7			627			5,995
Commercial real estate			1			-			278			1			-			278
Municipal loans			2			-			641			2			-			641
Total troubled debt restructurings			11		$	624		$	6,876			11		$	627		$	6,920

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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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-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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