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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

12 Months Ended

Dec. 31, 2012

Loans

The following table provides the components of the Company’s recorded investment in loans for each portfolio segment at December 31, 2012 and 2011:

		Residential Real Estate				Land				Construction				Commercial Real Estate				Commercial Business				Home Equity and Second Mortgage				Other Consumer				Total
		(In thousands)
December 31, 2012:
Principal loan balance		$	108,097			$	9,607			$	11,746			$	68,731			$	18,612			$	36,962			$	31,186			$	284,941
Accrued interest receivable			444				48				29				188				53				147				184				1,093
Net deferred loan origination fees and costs			62				2				(12	)			(17	)			(10	)			177				0				202
Recorded investment in loans		$	108,603			$	9,657			$	11,763			$	68,902			$	18,655			$	37,286			$	31,370			$	286,236
December 31, 2011:
Principal loan balance		$	116,338			$	9,910			$	6,963			$	57,680			$	20,722			$	38,641			$	29,832			$	280,086
Accrued interest receivable			463				60				16				160				64				162				202				1,127
Net deferred loan origination fees and costs			67				2				0				0				(10	)			84				0				143
Recorded investment in loans		$	116,868			$	9,972			$	6,979			$	57,840			$	20,776			$	38,887			$	30,034			$	281,356

Activity for Related Party Loans

The following table represents the aggregate activity for related party loans during the year ended December 31, 2012. The beginning balance has been adjusted to reflect new directors and officers, as well as directors and officers that are no longer with the Company.

(In thousands)
Beginning balance, as adjusted		$	5,627
New loans			9,174
Payments			(8,717	)
Ending balance		$	6,084

Allowance for Loan Losses

An analysis of the allowance for loan losses and recorded investment in loans as of and for the year ended December 31, 2012 is as follows:

		Residential Real Estate				Land				Construction				Commercial Real Estate				Commercial Business				Home Equity and Second Mortgage				Other Consumer				Total
		(In thousands)
Allowance for Loan Losses:
Beginning balance		$	828			$	93			$	33			$	1,269			$	1,160			$	400			$	399			$	4,182
Provisions			496				(19	)			(33	)			145				70				834				32				1,525
Charge-offs			(418	)			(4	)			0				(104	)			(17	)			(342	)			(313	)			(1,198	)
Recoveries			16				1				0				0				10				27				173				227
Ending balance		$	922			$	71			$	0			$	1,310			$	1,223			$	919			$	291			$	4,736
Ending allowance balance attributable to loans:
Individually evaluated for impairment		$	213			$	0			$	0			$	275			$	1,098			$	66			$	0			$	1,652
Collectively evaluated for impairment			709				71				0				1,035				125				853				291				3,084
Ending balance		$	922			$	71			$	0			$	1,310			$	1,223			$	919			$	291			$	4,736
Recorded Investment in Loans:
Individually evaluated for impairment		$	2,370			$	125			$	403			$	2,836			$	1,776			$	73			$	0			$	7,583
Collectively evaluated for impairment			106,233				9,532				11,360				66,066				16,879				37,213				31,370				278,653
Ending balance		$	108,603			$	9,657			$	11,763			$	68,902			$	18,655			$	37,286			$	31,370			$	286,236

An analysis of the allowance for loan losses and recorded investment in loans as of and for the year ended December 31, 2011 is as follows:

		Residential Real Estate				Land				Construction				Commercial Real Estate				Commercial Business				Home Equity and Second Mortgage				Other Consumer				Total
		(In thousands)
Allowance for Loan Losses:
Beginning balance		$	1,024			$	55			$	21			$	1,051			$	1,251			$	606			$	465			$	4,473
Provisions			609				38				8				614				197				322				37				1,825
Charge-offs			(819	)			0				0				(396	)			(333	)			(577	)			(302	)			(2,427	)
Recoveries			14				0				4				0				45				49				199				311
Ending balance		$	828			$	93			$	33			$	1,269			$	1,160			$	400			$	399			$	4,182
Ending allowance balance attributable to loans:
Individually evaluated for impairment		$	183			$	0			$	0			$	539			$	936			$	0			$	0			$	1,658
Collectively evaluated for impairment			645				93				33				730				224				400				399				2,524
Ending balance		$	828			$	93			$	33			$	1,269			$	1,160			$	400			$	399			$	4,182
Recorded Investment in Loans:
Individually evaluated for impairment		$	2,281			$	5			$	247			$	2,853			$	1,928			$	87			$	0			$	7,401
Collectively evaluated for impairment			114,587				9,967				6,732				54,987				18,848				38,800				30,034				273,955
Ending balance		$	116,868			$	9,972			$	6,979			$	57,840			$	20,776			$	38,887			$	30,034			$	281,356

Impaired Loans by Class of Loans

The following table summarizes the Company’s impaired loans by class of loans as of and for the year ended December 31, 2012:

		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized				Interest Recognized – Cash Method
		(In thousands)
Loans with no related allowance recorded:
Residential real estate		$	1,427			$	1,760			$	0			$	1,248			$	6			$	4
Land			125				126				0				43				0				2
Construction			403				413				0				315				0				0
Commercial real estate			1,535				1,944				0				1,292				0				1
Commercial business			0				0				0				0				0				0
Home equity and second mortgage			0				0				0				51				2				2
Other consumer			0				0				0				0				1				0
			3,490				4,243				0				2,949				9				9
Loans with an allowance recorded:
Residential real estate			943				1,020				213				1,110				0				0
Land			0				0				0				0				0				0
Construction			0				0				0				0				0				0
Commercial real estate			1,301				1,394				275				1,542				0				0
Commercial business			1,776				1,909				1,098				1,857				0				0
Home equity and second mortgage			73				73				66				103				0				0
Other consumer			0				0				0				0				0				0
			4,093				4,396				1,652				4,612				0				0
Total:
Residential real estate			2,370				2,780				213				2,358				6				4
Land			125				126				0				43				0				2
Construction			403				413				0				315				0				0
Commercial real estate			2,836				3,338				275				2,834				0				1
Commercial business			1,776				1,909				1,098				1,857				0				0
Home equity and second mortgage			73				73				66				154				2				2
Other consumer			0				0				0				0				1				0
		$	7,583			$	8,639			$	1,652			$	7,561			$	9			$	9

The following table summarizes the Company’s impaired loans by class of loans as of and for the year ended December 31, 2011:

		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized				Interest Recognized – Cash Method
		(In thousands)
Loans with no related allowance recorded:
Residential real estate		$	1,149			$	1,507			$	0			$	978			$	0			$	29
Land			5				6				0				5				0				0
Construction			247				249				0				261				0				0
Commercial real estate			1,215				1,280				0				514				0				9
Commercial business			0				0				0				14				0				0
Home equity and second mortgage			87				94				0				32				0				1
Other consumer			0				0				0				4				0				0
			2,703				3,136				0				1,808				0				39
Loans with an allowance recorded:
Residential real estate			1,132				1,233				183				2,035				0				9
Land			0				0				0				0				0				0
Construction			0				0				0				56				0				0
Commercial real estate			1,638				1,933				539				1,208				0				0
Commercial business			1,928				2,023				936				2,036				0				0
Home equity and second mortgage			0				0				0				282				0				0
Other consumer			0				0				0				5				0				0
			4,698				5,189				1,658				5,622				0				9
Total:
Residential real estate			2,281				2,740				183				3,013				0				38
Land			5				6				0				5				0				0
Construction			247				249				0				317				0				0
Commercial real estate			2,853				3,213				539				1,722				0				9
Commercial business			1,928				2,023				936				2,050				0				0
Home equity and second mortgage			87				94				0				314				0				1
Other consumer			0				0				0				9				0				0
		$	7,401			$	8,325			$	1,658			$	7,430			$	0			$	48

Recorded Investment in Nonperforming Loans by Class of Loans

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

		December 31, 2012												December 31, 2011
		Nonaccrual Loans				Loans 90+ Days Past Due Still Accruing				Total Nonperforming Loans				Nonaccrual Loans				Loans 90+ Days Past Due Still Accruing				Total Nonperforming Loans
		(In thousands)
Residential real estate		$	2,370			$	215			$	2,585			$	2,281			$	143			$	2,424
Land			125				0				125				5				38				43
Construction			403				0				403				247				0				247
Commercial real estate			2,836				0				2,836				2,853				0				2,853
Commercial business			1,776				0				1,776				1,928				0				1,928
Home equity and second mortgage			73				56				129				87				159				246
Other consumer			0				18				18				0				23				23
Total		$	7,583			$	289			$	7,872			$	7,401			$	363			$	7,764

Recorded Investment in Loans by Risk Category

The following table presents the recorded investment in loans by risk category and class of loans as of the date indicated:

		Residential Real Estate				Land				Construction				Commercial Real Estate				Commercial Business				Home Equity and Second Mortgage				Other Consumer				Total
		(In thousands)
December 31, 2012:
Pass		$	102,618			$	7,220			$	11,244			$	63,095			$	15,026			$	36,035			$	31,302			$	266,540
Special mention			958				17				116				1,018				1,354				553				25				4,041
Substandard			2,657				2,295				0				1,953				499				625				43				8,072
Doubtful			2,370				125				403				2,836				1,776				73				0				7,583
Loss			0				0				0				0				0				0				0				0
Total		$	108,603			$	9,657			$	11,763			$	68,902			$	18,655			$	37,286			$	31,370			$	286,236
December 31, 2011:
Pass		$	113,037			$	7,578			$	6,217			$	46,544			$	16,961			$	38,513			$	29,976			$	258,826
Special mention			862				255				307				5,392				1,462				63				44				8,385
Substandard			688				2,134				208				3,051				425				224				14				6,744
Doubtful			2,281				5				247				2,853				1,928				87				0				7,401
Loss			0				0				0				0				0				0				0				0
Total		$	116,868			$	9,972			$	6,979			$	57,840			$	20,776			$	38,887			$	30,034			$	281,356

Tdrs by Class of Loan and Accrual Status

The following table summarizes the Company’s TDRs by class of loan and accrual status as of December 31, 2012 and 2011:

		December 31, 2012																December 31, 2011
		Accruing				Nonaccrual				Total				Related Allowance for Loan Losses				Accruing				Nonaccrual				Total				Related Allowance for Loan Losses
		(In thousands)
Residential real estate		$	180			$	588			$	768			$	87			$	112			$	516			$	628			$	11
Land			0				0				0				0				135				0				135				0
Construction			0				170				170				0				207				247				454				0
Commercial real estate			0				1,534				1,534				83				0				1,603				1,603				211
Commercial business			0				1,776				1,776				1,098				0				1,843				1,843				914
Home equity and second mortgage			41				31				72				25				8				0				8				0
Other consumer			0				0				0				0				0				0				0				0
Total		$	221			$	4,099			$	4,320			$	1,293			$	462			$	4,209			$	4,671			$	1,136

Information in Regard to Tdrs that Occurred During Period

The following table summarizes information in regard to TDRs that were restructured during the year ended December 31, 2012:

		Number of Contracts				Pre- Modification Outstanding Balance				Post- Modification Outstanding Balance
		(In thousands)
Residential real estate			3			$	270			$	270
Home equity and second mortgage			2				65				65
Total			5			$	335			$	335

The following table summarizes information in regard to TDRs that were restructured during the year ended December 31, 2011:

		Number of Contracts				Pre- Modification Outstanding Balance				Post- Modification Outstanding Balance
		(In thousands)
Residential real estate			4			$	331			$	331
Land			1				135				135
Construction			2				454				454
Commercial real estate			2				1,139				1,139
Home equity and second mortgage			1				8				8
Total			10			$	2,067			$	2,067

Financing Receivable Recorded Investment Current Past Due

Loans

The following table presents the aging of the recorded investment loans by class of loans at December 31, 2012:

		30-59 Days Past Due				60-89 Days Past Due				Over 90 Days Past Due				Total Past Due				Current				Total Loans
		(In thousands)
Residential real estate		$	4,085			$	871			$	1,644			$	6,600			$	102,003			$	108,603
Land			343				0				119				462				9,195				9,657
Construction			171				0				113				284				11,479				11,763
Commercial real estate			360				0				335				695				68,207				68,902
Commercial business			36				0				0				36				18,619				18,655
Home equity and second mortgage			1,206				102				97				1,405				35,881				37,286
Other consumer			510				30				18				558				30,812				31,370
Total		$	6,711			$	1,003			$	2,326			$	10,040			$	276,196			$	286,236

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

		30-59 Days Past Due				60-89 Days Past Due				Over 90 Days Past Due				Total Past Due				Current				Total Loans
		(In thousands)
Residential real estate		$	5,205			$	1,068			$	1,035			$	7,308			$	109,560			$	116,868
Land			442				43				43				528				9,444				9,972
Construction			0				0				247				247				6,732				6,979
Commercial real estate			676				0				1,258				1,934				55,906				57,840
Commercial business			256				0				0				256				20,520				20,776
Home equity and second mortgage			558				72				246				876				38,011				38,887
Other consumer			306				37				23				366				29,668				30,034
Total		$	7,443			$	1,220			$	2,852			$	11,515			$	269,841			$	281,356

Loans

Loans

Loans at December 31, 2012 and 2011 consisted of the following:

(In thousands)		2012				2011
Real estate mortgage loans:
Residential		$	108,097			$	116,338
Land			9,607				9,910
Residential construction			12,753				10,988
Commercial real estate			68,731				57,680
Commercial real estate construction			3,299				743
Commercial business loans			18,612				20,722
Consumer loans:
Home equity and second mortgage loans			36,962				38,641
Automobile loans			21,922				20,627
Loans secured by savings accounts			770				767
Unsecured loans			3,191				3,126
Other consumer loans			5,303				5,312
Gross loans			289,247				284,854
Deferred loan origination fees, net			202				143
Undisbursed portion of loans in process			(4,306	)			(4,768	)
Allowance for loan losses			(4,736	)			(4,182	)
Loans, net		$	280,407			$	276,047

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-Section 50

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-URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953682-111524



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 33

-URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953676-111524

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