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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables) | 12 Months Ended
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Dec. 31, 2013
Loans | The following table provides the components of the Company’s recorded investment in loans at December 31, 2013 and 2012:
|  | Residential Real Estate |  |  | Land |  |  | Construction |  |  | Commercial Real Estate |  |  | Commercial Business |  |  | Home Equity and Second Mortgage |  |  | Other Consumer |  |  | Total |
|  | (In thousands) |
December 31, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal loan balance |  | $ | 107,029 |  |  | $ | 10,309 |  |  | $ | 8,996 |  |  | $ | 76,496 |  |  | $ | 21,956 |  |  | $ | 34,815 |  |  | $ | 33,486 |  |  | $ | 293,087 |
Accrued interest receivable |  |  | 427 |  |  |  | 49 |  |  |  | 22 |  |  |  | 202 |  |  |  | 56 |  |  |  | 126 |  |  |  | 168 |  |  |  | 1,050 |
Net deferred loan origination fees and costs |  |  | 52 |  |  |  | 2 |  |  |  | 0 |  |  |  | (32 | ) |  |  | (9 | ) |  |  | 328 |  |  |  | 0 |  |  |  | 341 |
Recorded investment in loans |  | $ | 107,508 |  |  | $ | 10,360 |  |  | $ | 9,018 |  |  | $ | 76,666 |  |  | $ | 22,003 |  |  | $ | 35,269 |  |  | $ | 33,654 |  |  | $ | 294,478 |
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 |
Activity for Related Party Loans | The following table represents the aggregate activity for related party loans during the year ended December 31, 2013. 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 |  | $ | 6,084 |
New loans |  |  | 7,427 |
Payments |  |  | (6,962 | )
Ending balance |  | $ | 6,549 |
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, 2013 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 |  | $ | 922 |  |  | $ | 71 |  |  | $ | 0 |  |  | $ | 1,310 |  |  | $ | 1,223 |  |  | $ | 919 |  |  | $ | 291 |  |  | $ | 4,736 |
Provisions |  |  | 182 |  |  |  | 83 |  |  |  | 63 |  |  |  | 47 |  |  |  | 169 |  |  |  | 4 |  |  |  | 177 |  |  |  | 725 |
Charge-offs |  |  | (353 | ) |  |  | (2 | ) |  |  | 0 |  |  |  | (90 | ) |  |  | (20 | ) |  |  | (90 | ) |  |  | (337 | ) |  |  | (892 | )
Recoveries |  |  | 60 |  |  |  | 0 |  |  |  | 0 |  |  |  | 17 |  |  |  | 74 |  |  |  | 44 |  |  |  | 158 |  |  |  | 353 |
Ending balance |  | $ | 811 |  |  | $ | 152 |  |  | $ | 63 |  |  | $ | 1,284 |  |  | $ | 1,446 |  |  | $ | 877 |  |  | $ | 289 |  |  | $ | 4,922 |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 112 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 145 |  |  | $ | 1,259 |  |  | $ | 13 |  |  | $ | 0 |  |  | $ | 1,529 |
Collectively evaluated for impairment |  |  | 699 |  |  |  | 152 |  |  |  | 63 |  |  |  | 1,139 |  |  |  | 187 |  |  |  | 864 |  |  |  | 289 |  |  |  | 3,393 |
Ending balance |  | $ | 811 |  |  | $ | 152 |  |  | $ | 63 |  |  | $ | 1,284 |  |  | $ | 1,446 |  |  | $ | 877 |  |  | $ | 289 |  |  | $ | 4,922 |
Recorded Investment in Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 2,040 |  |  | $ | 120 |  |  | $ | 0 |  |  | $ | 2,586 |  |  | $ | 1,898 |  |  | $ | 276 |  |  | $ | 0 |  |  | $ | 6,920 |
Collectively evaluated for impairment |  |  | 105,468 |  |  |  | 10,240 |  |  |  | 9,018 |  |  |  | 74,080 |  |  |  | 20,105 |  |  |  | 34,993 |  |  |  | 33,654 |  |  |  | 287,558 |
Ending balance |  | $ | 107,508 |  |  | $ | 10,360 |  |  | $ | 9,018 |  |  | $ | 76,666 |  |  | $ | 22,003 |  |  | $ | 35,269 |  |  | $ | 33,654 |  |  | $ | 294,478 |
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 |  | $ | 2,591 |  |  | $ | 125 |  |  | $ | 403 |  |  | $ | 2,836 |  |  | $ | 1,776 |  |  | $ | 73 |  |  | $ | 0 |  |  | $ | 7,804 |
Collectively evaluated for impairment |  |  | 106,012 |  |  |  | 9,532 |  |  |  | 11,360 |  |  |  | 66,066 |  |  |  | 16,879 |  |  |  | 37,213 |  |  |  | 31,370 |  |  |  | 278,432 |
Ending balance |  | $ | 108,603 |  |  | $ | 9,657 |  |  | $ | 11,763 |  |  | $ | 68,902 |  |  | $ | 18,655 |  |  | $ | 37,286 |  |  | $ | 31,370 |  |  | $ | 286,236 |
Impaired Loans | The following table summarizes the Company’s impaired loans as of and for the year ended December 31, 2013:
|  |  |  |  | Unpaid |  |  |  |  |  | Average |  |  | Interest |  |  | Interest |
|  | Recorded |  |  | Principal |  |  | Related |  |  | Recorded |  |  | Income |  |  | Recognized – |
|  | Investment |  |  | Balance |  |  | Allowance |  |  | Investment |  |  | Recognized |  |  | Cash Method |
|  | (In thousands) |
Loans with no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  | $ | 1,591 |  |  | $ | 1,869 |  |  | $ | 0 |  |  | $ | 1,508 |  |  | $ | 32 |  |  | $ | 22 |
Land |  |  | 120 |  |  |  | 131 |  |  |  | 0 |  |  |  | 124 |  |  |  | 0 |  |  |  | 0 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 173 |  |  |  | 0 |  |  |  | 0 |
Commercial real estate |  |  | 1,637 |  |  |  | 1,643 |  |  |  | 0 |  |  |  | 1,410 |  |  |  | 63 |  |  |  | 47 |
Commercial business |  |  | 189 |  |  |  | 209 |  |  |  | 0 |  |  |  | 38 |  |  |  | 4 |  |  |  | 3 |
Home equity and second mortgage |  |  | 254 |  |  |  | 268 |  |  |  | 0 |  |  |  | 164 |  |  |  | 5 |  |  |  | 4 |
Other consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
|  |  | 3,791 |  |  |  | 4,120 |  |  |  | 0 |  |  |  | 3,417 |  |  |  | 104 |  |  |  | 76 |
Loans with an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  | 449 |  |  |  | 487 |  |  |  | 112 |  |  |  | 624 |  |  |  | 2 |  |  |  | 1 |
Land |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1 |  |  |  | 0 |  |  |  | 0 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Commercial real estate |  |  | 949 |  |  |  | 1,048 |  |  |  | 145 |  |  |  | 1,108 |  |  |  | 0 |  |  |  | 0 |
Commercial business |  |  | 1,709 |  |  |  | 1,909 |  |  |  | 1,259 |  |  |  | 1,801 |  |  |  | 0 |  |  |  | 0 |
Home equity and second mortgage |  |  | 22 |  |  |  | 22 |  |  |  | 13 |  |  |  | 47 |  |  |  | 0 |  |  |  | 0 |
Other consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
|  |  | 3,129 |  |  |  | 3,466 |  |  |  | 1,529 |  |  |  | 3,581 |  |  |  | 2 |  |  |  | 1 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  | 2,040 |  |  |  | 2,356 |  |  |  | 112 |  |  |  | 2,132 |  |  |  | 34 |  |  |  | 23 |
Land |  |  | 120 |  |  |  | 131 |  |  |  | 0 |  |  |  | 125 |  |  |  | 0 |  |  |  | 0 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 173 |  |  |  | 0 |  |  |  | 0 |
Commercial real estate |  |  | 2,586 |  |  |  | 2,691 |  |  |  | 145 |  |  |  | 2,518 |  |  |  | 63 |  |  |  | 47 |
Commercial business |  |  | 1,898 |  |  |  | 2,118 |  |  |  | 1,259 |  |  |  | 1,839 |  |  |  | 4 |  |  |  | 3 |
Home equity and second mortgage |  |  | 276 |  |  |  | 290 |  |  |  | 13 |  |  |  | 211 |  |  |  | 5 |  |  |  | 4 |
Other consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
|  | $ | 6,920 |  |  | $ | 7,586 |  |  | $ | 1,529 |  |  | $ | 6,998 |  |  | $ | 106 |  |  | $ | 77 |
The following table summarizes the Company’s impaired loans as of and for the year ended December 31, 2012:
|  |  |  |  | Unpaid |  |  |  |  |  | Average |  |  | Interest |  |  | Interest |
|  | Recorded |  |  | Principal |  |  | Related |  |  | Recorded |  |  | Income |  |  | Recognized – |
|  | Investment |  |  | Balance |  |  | Allowance |  |  | Investment |  |  | Recognized |  |  | Cash Method |
|  | (In thousands) |
Loans with no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  | $ | 1,648 |  |  | $ | 1,981 |  |  | $ | 0 |  |  | $ | 1,450 |  |  | $ | 21 |  |  | $ | 10 |
Land |  |  | 125 |  |  |  | 126 |  |  |  | 0 |  |  |  | 125 |  |  |  | 6 |  |  |  | 9 |
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 |  |  |  | 53 |  |  |  | 2 |  |  |  | 2 |
Other consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1 |  |  |  | 0 |
|  |  | 3,711 |  |  |  | 4,464 |  |  |  | 0 |  |  |  | 3,235 |  |  |  | 30 |  |  |  | 22 |
Loans with an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  | 943 |  |  |  | 1,020 |  |  |  | 213 |  |  |  | 1,110 |  |  |  | 7 |  |  |  | 6 |
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 |  |  |  | 7 |  |  |  | 6 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  | 2,591 |  |  |  | 3,001 |  |  |  | 213 |  |  |  | 2,560 |  |  |  | 28 |  |  |  | 16 |
Land |  |  | 125 |  |  |  | 126 |  |  |  | 0 |  |  |  | 125 |  |  |  | 6 |  |  |  | 9 |
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 |  |  |  | 156 |  |  |  | 2 |  |  |  | 2 |
Other consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1 |  |  |  | 0 |
|  | $ | 7,804 |  |  | $ | 8,860 |  |  | $ | 1,652 |  |  | $ | 7,847 |  |  | $ | 37 |  |  | $ | 28 |
Recorded Investment in Nonperforming Loans | The following table presents the recorded investment in nonperforming loans at December 31, 2013 and 2012:
|  | December 31, 2013 |  |  | December 31, 2012 |
|  | 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 |  | $ | 1,533 |  |  | $ | 180 |  |  | $ | 1,713 |  |  | $ | 2,370 |  |  | $ | 215 |  |  | $ | 2,585 |
Land |  |  | 120 |  |  |  | 0 |  |  |  | 120 |  |  |  | 125 |  |  |  | 0 |  |  |  | 125 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 403 |  |  |  | 0 |  |  |  | 403 |
Commercial real estate |  |  | 1,456 |  |  |  | 0 |  |  |  | 1,456 |  |  |  | 2,836 |  |  |  | 0 |  |  |  | 2,836 |
Commercial business |  |  | 1,898 |  |  |  | 0 |  |  |  | 1,898 |  |  |  | 1,776 |  |  |  | 0 |  |  |  | 1,776 |
Home equity and second mortgage |  |  | 252 |  |  |  | 39 |  |  |  | 291 |  |  |  | 73 |  |  |  | 56 |  |  |  | 129 |
Other consumer |  |  | 0 |  |  |  | 8 |  |  |  | 8 |  |  |  | 0 |  |  |  | 18 |  |  |  | 18 |
Total |  | $ | 5,259 |  |  | $ | 227 |  |  | $ | 5,486 |  |  | $ | 7,583 |  |  | $ | 289 |  |  | $ | 7,872 |
Recorded Investment in Loans by Risk Category | The following table presents the recorded investment in loans by risk category 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, 2013: |  |  |  |  |  |  |  |
Pass |  | $ | 103,594 |  |  | $ | 7,096 |  |  | $ | 9,018 |  |  | $ | 71,893 |  |  | $ | 19,328 |  |  | $ | 34,693 |  |  | $ | 33,627 |  |  | $ | 279,249 |
Special mention |  |  | 756 |  |  |  | 0 |  |  |  | 0 |  |  |  | 2,627 |  |  |  | 458 |  |  |  | 198 |  |  |  | 27 |  |  |  | 4,066 |
Substandard |  |  | 1,625 |  |  |  | 3,144 |  |  |  | 0 |  |  |  | 690 |  |  |  | 319 |  |  |  | 126 |  |  |  | 0 |  |  |  | 5,904 |
Doubtful |  |  | 1,533 |  |  |  | 120 |  |  |  | 0 |  |  |  | 1,456 |  |  |  | 1,898 |  |  |  | 252 |  |  |  | 0 |  |  |  | 5,259 |
Loss |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Total |  | $ | 107,508 |  |  | $ | 10,360 |  |  | $ | 9,018 |  |  | $ | 76,666 |  |  | $ | 22,003 |  |  | $ | 35,269 |  |  | $ | 33,654 |  |  | $ | 294,478 |
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 |
Tdrs by Accrual Status | The following table summarizes the Company’s TDRs by accrual status as of December 31, 2013 and 2012:
|  | December 31, 2013 |  |  | December 31, 2012 |
|  | Accruing |  |  | Nonaccrual |  |  | Total |  |  | Related Allowance for Loan Losses |  |  | Accruing |  |  | Nonaccrual |  |  | Total |  |  | Related Allowance for Loan Losses |
|  | (In thousands) |
Residential real estate |  | $ | 508 |  |  | $ | 226 |  |  | $ | 734 |  |  | $ | 45 |  |  | $ | 180 |  |  | $ | 588 |  |  | $ | 768 |  |  | $ | 87 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 170 |  |  |  | 170 |  |  |  | 0 |
Commercial real estate |  |  | 1,130 |  |  |  | 0 |  |  |  | 1,130 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,534 |  |  |  | 1,534 |  |  |  | 83 |
Commercial business |  |  | 0 |  |  |  | 1,709 |  |  |  | 1,709 |  |  |  | 1,259 |  |  |  | 0 |  |  |  | 1,776 |  |  |  | 1,776 |  |  |  | 1,098 |
Home equity and second mortgage |  |  | 24 |  |  |  | 0 |  |  |  | 24 |  |  |  | 0 |  |  |  | 41 |  |  |  | 31 |  |  |  | 72 |  |  |  | 25 |
Total |  | $ | 1,662 |  |  | $ | 1,935 |  |  | $ | 3,597 |  |  | $ | 1,304 |  |  | $ | 221 |  |  | $ | 4,099 |  |  | $ | 4,320 |  |  | $ | 1,293 |
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, 2013:
|  | Number of Contracts |  |  | Pre- Modification Outstanding Balance |  |  | Post- Modification Outstanding Balance |
|  | (In thousands) |
Residential real estate |  |  | 5 |  |  | $ | 310 |  |  | $ | 310 |
Total |  |  | 5 |  |  | $ | 310 |  |  | $ | 310 |
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 |
Loans |
Loans | Loans at December 31, 2013 and 2012 consisted of the following:
(In thousands) |  | 2012 |  |  | 2011 |
Real estate mortgage loans: |  |  |  |  |  |  |  |
Residential |  | $ | 107,029 |  |  | $ | 108,097 |
Land |  |  | 10,309 |  |  |  | 9,607 |
Residential construction |  |  | 14,423 |  |  |  | 12,753 |
Commercial real estate |  |  | 76,496 |  |  |  | 68,731 |
Commercial real estate construction |  |  | 1,715 |  |  |  | 3,299 |
Commercial business loans |  |  | 21,956 |  |  |  | 18,612 |
Consumer loans: |  |  |  |  |  |  |  |
Home equity and second mortgage loans |  |  | 34,815 |  |  |  | 36,962 |
Automobile loans |  |  | 23,983 |  |  |  | 21,922 |
Loans secured by savings accounts |  |  | 1,138 |  |  |  | 770 |
Unsecured loans |  |  | 3,541 |  |  |  | 3,191 |
Other consumer loans |  |  | 4,824 |  |  |  | 5,303 |
Gross loans |  |  | 300,229 |  |  |  | 289,247 |
Less undisbursed portion of loans in process |  |  | (7,142 | ) |  |  | (4,306 | )
Principal loan balance |  |  | 293,087 |  |  |  | 284,941 |
Deferred loan origination fees, net |  |  | 341 |  |  |  | 202 |
Allowance for loan losses |  |  | (4,922 | ) |  |  | (4,736 | )
Loans, net |  | $ | 288,506 |  |  | $ | 280,407 |
Financing Receivable Recorded Investment Current Past Due |
Loans | The following table presents the aging of the recorded investment in loans at December 31, 2013:
|  | 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 |  | $ | 3,160 |  |  | $ | 830 |  |  | $ | 701 |  |  | $ | 4,691 |  |  | $ | 102,817 |  |  | $ | 107,508 |
Land |  |  | 162 |  |  |  | 109 |  |  |  | 12 |  |  |  | 283 |  |  |  | 10,077 |  |  |  | 10,360 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 9,018 |  |  |  | 9,018 |
Commercial real estate |  |  | 231 |  |  |  | 500 |  |  |  | 49 |  |  |  | 780 |  |  |  | 75,886 |  |  |  | 76,666 |
Commercial business |  |  | 0 |  |  |  | 0 |  |  |  | 189 |  |  |  | 189 |  |  |  | 21,814 |  |  |  | 22,003 |
Home equity and second mortgage |  |  | 411 |  |  |  | 24 |  |  |  | 132 |  |  |  | 567 |  |  |  | 34,702 |  |  |  | 35,269 |
Other consumer |  |  | 296 |  |  |  | 34 |  |  |  | 8 |  |  |  | 338 |  |  |  | 33,316 |  |  |  | 33,654 |
Total |  | $ | 4,260 |  |  | $ | 1,497 |  |  | $ | 1,091 |  |  | $ | 6,848 |  |  | $ | 287,630 |  |  | $ | 294,478 |
The following table presents the aging of the recorded investment in 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 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953659-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525 + Details
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- Definition Tabular disclosure of the activity in the total allowance for credit losses related to financing receivables (such as loans or lease receivables) for entities that have an unclassified balance sheet, including the balance in the allowance at the beginning and end of each period, additions charged to operations, direct write-downs charged against the allowance, and recoveries of amounts previously charged off. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953423-111524 + Details
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- Definition Tabular disclosure of troubled debt restructurings in the current period: (1) for each restructuring, the principal changes in terms, the major features of settlement, or both; (2) the aggregate gain (loss) on restructuring of payables; (3) the income tax effect on the gain or loss recognized on the restructuring of payables; (4) the gain (loss) recognized on the restructuring of payables, after the impact of income tax expense or benefit; and (5) the aggregate gain (loss) on transfer of assets recognized during the period, after the impact of income tax expense or benefit. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6402221&loc=d3e15743-112638 + Details
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