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Loans (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Loans

Loans at year-end were as follows:

		2012				2011
Commercial		$	25,408			$	25,994
Real estate:
Single-family residential			43,058				18,214
Multi-family residential			21,576				27,163
Commercial			54,291				69,757
Construction			14				—
Consumer:
Home equity lines of credit			12,963				14,921
Other			970				1,221
Subtotal			158,280				157,270
Less: ALLL			(5,237	)			(6,110	)
Loans, net		$	153,043			$	151,160

Activity in ALLL by Portfolio Segment

The following tables present the activity in the ALLL by portfolio segment for the year ended December 31, 2012 and 2011:

December 31, 2012:
						Real Estate																Consumer
		Commercial				Single-family				Multi-family				Commercial				Construction				Home equity lines of credit				Other				Total
Beginning balance		$	2,281			$	207			$	1,470			$	1,863			$	—			$	272			$	17			$	6,110
Addition to (reduction in) provision for loan losses			(1,251	)			180				700				1,412				—				78				10				1,129
Charge-offs			(99	)			(64	)			(796	)			(1,467	)			—				(126	)			(39	)			(2,591	)
Recoveries			380				9				22				138				—				17				23				589
Ending balance		$	1,311			$	332			$	1,396			$	1,946			$	—			$	241			$	11			$	5,237

December 31, 2011:
						Real Estate																Consumer
		Commercial				Single-family				Multi-family				Commercial				Construction				Home equity lines of credit				Other				Total
Beginning balance		$	1,879			$	241			$	2,520			$	4,719			$	74			$	303			$	22			$	9,758
Addition to (reduction in) provision for loan losses			1,481				83				2,108				(406	)			(74	)			183				—				3,375
Charge-offs			(1,296	)			(124	)			(3,167	)			(2,652	)			—				(241	)			(18	)			(7,498	)
Recoveries			214				7				9				202				—				27				13				472
Reclass of ALLL on loan-related commitments (1)			3				—				—				—				—				—				—				3
Ending balance		$	2,281			$	207			$	1,470			$	1,863			$	—			$	272			$	17			$	6,110

⁽¹⁾  Reclassified from (to) accrued interest payable and other liabilities in the consolidated balance sheet.

Activity in the ALLL was as follows:

		2010
Beginning balance		$	7,090
Provision for loan losses			8,468
Reclassification of ALLL on loan-related commitments (1)			10
Loans charged-off			(6,165	)
Recoveries			355
Ending balance		$	9,758

⁽¹⁾  Reclassified from (to) accrued interest payable and other liabilities in the consolidated balance sheet.

Balance in ALLL and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method

The following table presents the balance in the ALLL and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2012:

						Real Estate																Consumer
		Commercial				Single-family				Multi-family				Commercial				Construction				Home equity lines of credit				Other				Total
ALLL:
Ending allowance balance attributable to loans:
Individually evaluated for impairment		$	609			$	71			$	24			$	126			$	—			$	—			$	—			$	830
Collectively evaluated for impairment			702				261				1,372				1,820				—				241				11				4,407
Total ending allowance balance		$	1,311			$	332			$	1,396			$	1,946			$	—			$	241			$	11			$	5,237
Loans:
Individually evaluated for impairment		$	1,091			$	129			$	2,167			$	6,467			$	—			$	—			$	—			$	9,854
Collectively evaluated for impairment			24,317				42,929				19,409				47,824				14				12,963				970				148,426
Total ending loan balance		$	25,408			$	43,058			$	21,576			$	54,291			$	14			$	12,963			$	970			$	158,280

The following table presents the balance in the ALLL and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2011:

						Real Estate												Consumer
		Commercial				Single-family				Multi-family				Commercial				Home equity lines of credit				Other				Total
ALLL:
Ending allowance balance attributable to loans:
Individually evaluated for impairment		$	624			$	—			$	11			$	262			$	—			$	—			$	897
Collectively evaluated for impairment			1,657				207				1,459				1,601				272				17				5,213
Total ending allowance balance		$	2,281			$	207			$	1,470			$	1,863			$	272			$	17			$	6,110
Loans:
Individually evaluated for impairment		$	821			$	—			$	5,090			$	6,085			$	135			$	—			$	12,131
Collectively evaluated for impairment			25,173				18,214				22,073				63,672				14,786				1,221				145,139
Total ending loan balance		$	25,994			$	18,214			$	27,163			$	69,757			$	14,921			$	1,221			$	157,270

Individually Evaluated for Impairment by Class of Loans

The following table presents loans individually evaluated for impairment by class of loans as of and for the year ended December 31, 2012. The unpaid principal balance is the contractual principal balance outstanding. The recorded investment is the unpaid principal balance adjusted for partial charge-offs, purchase premiums and discounts, deferred loan fees and costs and includes accrued interest.

		Unpaid Principal Balance				Recorded Investment				ALLL Allocated				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Commercial		$	136			$	121			$	—			$	503			$	—
Real estate:
Single-family residential			—				—				—				—				—
Multi-family residential			2,001				1,879				—				2,223				—
Commercial:
Non-owner occupied			3,000				2,195				—				1,819				—
Owner occupied			2,195				1,244				—				1,258				—
Land			—				—				—				—				—
Construction			—				—				—				—				—
Consumer:
Home equity lines of credit:
Originated for portfolio			—				—				—				—				—
Purchased for portfolio			—				—				—				—				—
Other			—				—				—				—				—
Total with no allowance recorded			7,332				5,439				—				5,803				—
With an allowance recorded:
Commercial			970				970				609				658				5
Real estate:
Single-family residential			129				129				71				129				2
Multi-family residential			288				288				24				1,975				1
Commercial:
Non-owner occupied			2,239				2,239				105				2,650				56
Owner occupied			396				396				7				397				6
Land			438				393				14				396				6
Construction
Consumer:
Home equity lines of credit:
Originated for portfolio			—				—				—				—
Purchased for portfolio			—				—				—				—
Other			—				—				—				—
Total with an allowance recorded			4,460				4,415				830				6,205				76
Total		$	11,792			$	9,854			$	830			$	12,008			$	76

The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2011:

		Unpaid Principal Balance				Recorded Investment				ALLL Allocated				Average Recorded Investment				Interest Income Recognized
With no related allowance recorded:
Commercial		$	573			$	47			$	—			$	1,171			$	—
Real estate:
Single-family residential			—				—				—				23				—
Multi-family residential			6,748				4,996				—				3,396				—
Commercial:
Non-owner occupied			2,171				1,755				—				1,446				—
Owner occupied			876				446				—				1,017				—
Land			—				—				—				—				—
Consumer:
Home equity lines of credit:
Originated for portfolio			135				135				—				136				—
Total with no allowance recorded			10,503				7,379				—				7,189				—
With an allowance recorded:
Commercial			796				774				624				428				30
Real estate:
Multi-family residential			94				94				11				48				3
Commercial:
Non-owner occupied			2,823				2,823				210				1,322				85
Owner occupied			411				411				20				211				43
Land			766				650				32				681				42
Total with an allowance recorded			4,890				4,752				897				2,690				203
Total		$	15,393			$	12,131			$	897			$	9,879			$	203

		2010
Average of individually impaired loans during the year		$	11,722
Interest income recognized during impairment			41

Recorded Investment in Nonaccrual Loans by Class of Loans

The following table presents the recorded investment in nonaccrual loans by class of loans as of December 31, 2012 and 2011:

		December 31, 2012				December 31, 2011
Loans past due over 90 days still on accrual:
Real estate:
Commercial:		$	—			$	—
Non-owner occupied			—				—
Other consumer loans			—				—
Total over 90 days still on accrual loans			—				—
Nonaccrual loans:
Commercial		$	714			$	47
Real estate:
Single-family residential			113				736
Multi-family residential			2,082				4,996
Commercial:
Non-owner occupied			2,195				1,910
Owner occupied			1,243				446
Construction
Consumer:
Home equity lines of credit:
Originated for portfolio			—				157
Purchased for portfolio			9				9
Other consumer			—				—
Total nonaccrual loans			6,356				8,301
Total nonaccrual and nonperforming loans		$	6,356			$	8,301

Aging of Recorded Investment In Past Due Loans by Class of Loans

The following table presents the aging of the recorded investment in past due loans by class of loans as of December 31, 2012:

		30 - 59 Days Past Due				60 - 89 Days Past Due				Greater than 90 Days Past Due				Total Past Due				Loans Not Past Due				Nonaccrual Loans Not > 90 days Past Due
Commercial		$	—			$	65			$	121			$	186			$	25,222			$	593
Real estate:
Single-family residential			1,105				122				74				1,301				41,757				39
Multi-family residential			—				—				—				—				21,576				2,082
Commercial:
Non-owner occupied			40				—				1,611				1,651				28,299				583
Owner occupied			—				—				—				—				19,774				1,244
Land			—				—				—				—				4,568				—
Construction			—				—				—				—				14				—
Consumer:
Home equity lines of credit:
Originated for portfolio			20				—				—				20				10,699				—
Purchased for portfolio			—				—				9				9				2,235				—
Other			18				—				—				18				951				—
Total		$	1,183			$	187			$	1,815			$	3,185			$	155,095			$	4,541

The following table presents the aging of the recorded investment in past due loans by class of loans as of December 31, 2011:

		30 - 59 Days Past Due				60 - 89 Days Past Due				Greater than 90 Days Past Due				Total Past Due				Loans Not Past Due				Nonaccrual Loans Not > 90 days Past Due
Commercial		$	103			$	—			$	—			$	103			$	25,891			$	47
Real estate:
Single-family residential			714				474				491				1,679				16,535				245
Multi-family residential			—				—				3,065				3,065				24,098				1,931
Commercial:
Non-owner occupied			173				275				68				516				35,899				1,842
Owner occupied			—				—				—				—				27,900				446
Land			—				—				—				—				5,442				—
Consumer:
Home equity lines of credit:
Originated for portfolio			22				—				135				157				12,126				22
Purchased for portfolio			—				—				9				9				2,629				—
Other			—				30				—				30				1,191				—
Total		$	1,012			$	779			$	3,768			$	5,559			$	151,711			$	4,533

Loans Modified as TDRs by Class of Loans

The following table presents loans modified as TDRs by class of loans during the year ended December 31, 2012:

		Number of Loans				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding  Recorded Investment
Commercial			2			$	319			$	319
Real estate:
Single-family residential			1				132				138
Multi-family residential			1				2,017				203
Commercial:
Non-owner occupied			1				478				428
Total			5			$	2,946			$	1,088

The following table presents loans modified as TDRs by class of loans during the year ended December 31, 2011:

		Number of Loans				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
TDR’s:
Commercial			4			$	1,127			$	1,105
Real estate:
Multi-family residential			2				2,507				2,051
Commercial:
Non-owner occupied			5				2,710				2,710
Owner occupied			3				1,355				1,355
Land			7				655				655
Total			21			$	8,354			$	7,876

Schedule of Debtor Troubled Debt Restructuring, Subsequent Periods

Nonaccrual loans include loans that were modified and identified as TDRs and the loans are not performing. At December 31, 2012 and 2011, nonaccrual troubled debt restructurings were as follows:

		2012				2011
Commercial		$	528			$	47
Real estate:
Single-family residential			—
Multi-family residential			2,082				2,527
Commercial:
Non-owner occupied			388				—
Owner occupied			288				446
Total		$	3,286				3,020

Financing Receivable Credit Quality Indicators

The recorded investment in loans by risk category and by class of loans as of December 31, 2012 and based on the most recent analysis performed follows.

		Not Rated				Pass				Special Mention				Substandard				Total
Commercial		$	285			$	21,013			$	2,637			$	1,473			$	25,408
Real estate:
Single-family residential			42,945				—				—				113				43,058
Multi-family residential			—				12,846				5,790				2,939				21,575
Commercial:
Non-owner occupied			322				21,147				2,995				5,486				29,950
Owner occupied			—				16,385				762				2,627				19,774
Land			119				987				434				3,028				4,568
Construction			—				14				—				—				14
Consumer:
Home equity lines of credit:
Originated for portfolio			10,719				—				—				—				10,719
Purchased for portfolio			1,800				—				435				9				2,244
Other			970				—				—				—				970
		$	57,160			$	72,392			$	13,053			$	15,675			$	158,280

The recorded investment in loans by risk category and class of loans as of December 31, 2011 follows:

		Not Rated				Pass				Special Mention				Substandard				Doubtful				Total
Commercial		$	432			$	19,591			$	2,062			$	3,909							$	25,994
Real estate:
Single-family residential			17,478				—				—				736								18,214
Multi-family residential			—				15,395				4,539				6,822				407				27,163
Commercial:
Non-owner occupied			365				22,159				5,717				8,176								36,417
Owner occupied			—				22,526				3,474				1,898								27,898
Land			954				1,123				—				3,365								5,442
Consumer:
Home equity lines of credit:
Originated for portfolio			12,126				—				—				157								12,283
Purchased for portfolio			2,182				—				447				9								2,638
Other			1,221				—				—				—								1,221
		$	34,758			$	80,794			$	16,239			$	25,072			$	407			$	157,270

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