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Loans and Allowance for Loan Losses (Tables) | 3 Months Ended
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Mar. 31, 2014
Loans | The following table provides the components of the Company’s recorded investment in loans at March 31, 2014:
|  | Residential |  |  |  |  |  |  |  |  | Commercial |  |  | Commercial |  |  | Home Equity & |  |  | Other |  |  |  |
|  | Real Estate |  |  | Land |  |  | Construction |  |  | Real Estate |  |  | Business |  |  | 2nd Mtg |  |  | Consumer |  |  | Total |
|  | (In thousands) |
Recorded Investment in Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Principal loan balance |  | $ | 106,252 |  |  | $ | 10,082 |  |  | $ | 9,664 |  |  | $ | 77,764 |  |  | $ | 21,201 |  |  | $ | 34,482 |  |  | $ | 32,424 |  |  | $ | 291,869 |
Accrued interest receivable |  |  | 395 |  |  |  | 36 |  |  |  | 19 |  |  |  | 166 |  |  |  | 52 |  |  |  | 124 |  |  |  | 125 |  |  |  | 917 |
Net deferred loan origination fees and costs |  |  | 56 |  |  |  | 2 |  |  |  | 0 |  |  |  | (32 | ) |  |  | (9 | ) |  |  | 349 |  |  |  | 0 |  |  |  | 366 |
Recorded investment in loans |  | $ | 106,703 |  |  | $ | 10,120 |  |  | $ | 9,683 |  |  | $ | 77,898 |  |  | $ | 21,244 |  |  | $ | 34,955 |  |  | $ | 32,549 |  |  | $ | 293,152 |
Recorded Investment in Loans as Evaluated for Impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 1,638 |  |  | $ | 118 |  |  | $ | 0 |  |  | $ | 2,723 |  |  | $ | 1,898 |  |  | $ | 210 |  |  | $ | 0 |  |  | $ | 6,587 |
Collectively evaluated for impairment |  |  | 105,065 |  |  |  | 10,002 |  |  |  | 9,683 |  |  |  | 75,175 |  |  |  | 19,346 |  |  |  | 34,745 |  |  |  | 32,549 |  |  |  | 286,565 |
Acquired with deteriorated credit quality |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Ending balance |  | $ | 106,703 |  |  | $ | 10,120 |  |  | $ | 9,683 |  |  | $ | 77,898 |  |  | $ | 21,244 |  |  | $ | 34,955 |  |  | $ | 32,549 |  |  | $ | 293,152 |
The following table provides the components of the Company’s recorded investment in loans at December 31, 2013:
|  | Residential |  |  |  |  |  |  |  |  | Commercial |  |  | Commercial |  |  | Home Equity & |  |  | Other |  |  |  |
|  | Real Estate |  |  | Land |  |  | Construction |  |  | Real Estate |  |  | Business |  |  | 2nd Mtg |  |  | Consumer |  |  | Total |
|  | (In thousands) |
Recorded Investment in Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 |
Recorded Investment in Loans as Evaluated for Impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 |
Acquired with deteriorated credit quality |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Ending balance |  | $ | 107,508 |  |  | $ | 10,360 |  |  | $ | 9,018 |  |  | $ | 76,666 |  |  | $ | 22,003 |  |  | $ | 35,269 |  |  | $ | 33,654 |  |  | $ | 294,478 |
Allowance for Loan Losses | An analysis of the allowance for loan losses as of March 31, 2014 is as follows:
|  | Residential |  |  |  |  |  |  |  |  | Commercial |  |  | Commercial |  |  | Home Equity & |  |  | Other |  |  |  |
|  | Real Estate |  |  | Land |  |  | Construction |  |  | Real Estate |  |  | Business |  |  | 2nd Mtg |  |  | Consumer |  |  | Total |
|  | (In thousands) |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 70 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 127 |  |  | $ | 1,259 |  |  | $ | 4 |  |  | $ | 0 |  |  | $ | 1,460 |
Collectively evaluated for impairment |  |  | 768 |  |  |  | 144 |  |  |  | 70 |  |  |  | 1,149 |  |  |  | 191 |  |  |  | 898 |  |  |  | 331 |  |  |  | 3,551 |
Acquired with deteriorated credit quality |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Ending balance |  | $ | 838 |  |  | $ | 144 |  |  | $ | 70 |  |  | $ | 1,276 |  |  | $ | 1,450 |  |  | $ | 902 |  |  | $ | 331 |  |  | $ | 5,011 |
An analysis of the allowance for loan losses as of December 31, 2013 is as follows:
|  | Residential |  |  |  |  |  |  |  |  | Commercial |  |  | Commercial |  |  | Home Equity & |  |  | Other |  |  |  |
|  | Real Estate |  |  | Land |  |  | Construction |  |  | Real Estate |  |  | Business |  |  | 2nd Mtg |  |  | Consumer |  |  | Total |
|  | (In thousands) |
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 |
Acquired with deteriorated credit quality |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Ending balance |  | $ | 811 |  |  | $ | 152 |  |  | $ | 63 |  |  | $ | 1,284 |  |  | $ | 1,446 |  |  | $ | 877 |  |  | $ | 289 |  |  | $ | 4,922 |
An analysis of the changes in the allowance for loan losses for the three months ended March 31, 2014 is as follows:
|  | Residential |  |  |  |  |  |  |  |  | Commercial |  |  | Commercial |  |  | Home Equity & |  |  | Other |  |  |  |
|  | Real Estate |  |  | Land |  |  | Construction |  |  | Real Estate |  |  | Business |  |  | 2nd Mtg |  |  | Consumer |  |  | Total |
|  | (In thousands) |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Changes in Allowance for Loan Losses for the three-months ended March 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 811 |  |  | $ | 152 |  |  | $ | 63 |  |  | $ | 1,284 |  |  | $ | 1,446 |  |  | $ | 877 |  |  | $ | 289 |  |  | $ | 4,922 |
Provisions for loan losses |  |  | 88 |  |  |  | (8 | ) |  |  | 7 |  |  |  | (8 | ) |  |  | 3 |  |  |  | (111 | ) |  |  | 54 |  |  |  | 25 |
Charge-offs |  |  | (63 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (18 | ) |  |  | (52 | ) |  |  | (133 | )
Recoveries |  |  | 2 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1 |  |  |  | 154 |  |  |  | 40 |  |  |  | 197 |
Ending balance |  | $ | 838 |  |  | $ | 144 |  |  | $ | 70 |  |  | $ | 1,276 |  |  | $ | 1,450 |  |  | $ | 902 |  |  | $ | 331 |  |  | $ | 5,011 |
An analysis of the changes in the allowance for loan losses for the three months ended March 31, 2013 is as follows:
|  | Residential |  |  |  |  |  |  |  |  | Commercial |  |  | Commercial |  |  | Home Equity & |  |  | Other |  |  |  |
|  | Real Estate |  |  | Land |  |  | Construction |  |  | Real Estate |  |  | Business |  |  | 2nd Mtg |  |  | Consumer |  |  | Total |
|  | (In thousands) |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Changes in Allowance for Loan Losses for the three-months ended March 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 922 |  |  | $ | 71 |  |  | $ | 0 |  |  | $ | 1,310 |  |  | $ | 1,223 |  |  | $ | 919 |  |  | $ | 291 |  |  | $ | 4,736 |
Provisions for loan losses |  |  | 213 |  |  |  | (2 | ) |  |  | 50 |  |  |  | (33 | ) |  |  | (46 | ) |  |  | (33 | ) |  |  | 101 |  |  |  | 250 |
Charge-offs |  |  | (198 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | (14 | ) |  |  | (105 | ) |  |  | (317 | )
Recoveries |  |  | 3 |  |  |  | 0 |  |  |  | 0 |  |  |  | 14 |  |  |  | 49 |  |  |  | 14 |  |  |  | 43 |  |  |  | 123 |
Ending balance |  | $ | 940 |  |  | $ | 69 |  |  | $ | 50 |  |  | $ | 1,291 |  |  | $ | 1,226 |  |  | $ | 886 |  |  | $ | 330 |  |  | $ | 4,792 |
Impaired Loans | The following table summarizes the Company’s impaired loans as of March 31, 2014 and for the three months ended March 31, 2014 and 2013:
|  | At March 31, 2014 |  |  | Three Months Ended March 31, 2014 |  |  | Three Months Ended March 31, 2013 |
|  | Recorded Investment |  |  | Unpaid Principal Balance |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |  |  | Interest Recognized - Cash Method |  |  | Average Recorded Investment |  |  | Interest Income Recognized |  |  | Interest Recognized - Cash Method |
|  | (In thousands) |
Loans with no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  | $ | 1,373 |  |  | $ | 1,671 |  |  | $ | 0 |  |  | $ | 1,482 |  |  | $ | 10 |  |  | $ | 13 |  |  | $ | 1,594 |  |  | $ | 4 |  |  | $ | 3 |
Land |  |  | 118 |  |  |  | 132 |  |  |  | 0 |  |  |  | 119 |  |  |  | 0 |  |  |  | 0 |  |  |  | 125 |  |  |  | 0 |  |  |  | 0 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 332 |  |  |  | 0 |  |  |  | 0 |
Commercial real estate |  |  | 1,792 |  |  |  | 2,053 |  |  |  | 0 |  |  |  | 1,715 |  |  |  | 17 |  |  |  | 17 |  |  |  | 2,022 |  |  |  | 9 |  |  |  | 3 |
Commercial business |  |  | 189 |  |  |  | 209 |  |  |  | 0 |  |  |  | 189 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Home equity/2nd mortgage |  |  | 197 |  |  |  | 208 |  |  |  | 0 |  |  |  | 226 |  |  |  | 1 |  |  |  | 0 |  |  |  | 121 |  |  |  | 1 |  |  |  | 0 |
Other consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
|  |  | 3,669 |  |  |  | 4,273 |  |  |  | 0 |  |  |  | 3,731 |  |  |  | 28 |  |  |  | 30 |  |  |  | 4,194 |  |  |  | 14 |  |  |  | 6 |
Loans with an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | 265 |  |  |  | 293 |  |  |  | 70 |  |  |  | 357 |  |  |  | 0 |  |  |  | 0 |  |  |  | 776 |  |  |  | 0 |  |  |  | 0 |
Land |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3 |  |  |  | 0 |  |  |  | 0 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Commercial real estate |  |  | 931 |  |  |  | 1,040 |  |  |  | 127 |  |  |  | 940 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,318 |  |  |  | 0 |  |  |  | 0 |
Commercial business |  |  | 1,709 |  |  |  | 1,909 |  |  |  | 1,259 |  |  |  | 1,709 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,776 |  |  |  | 0 |  |  |  | 0 |
Home equity/2nd mortgage |  |  | 13 |  |  |  | 13 |  |  |  | 4 |  |  |  | 18 |  |  |  | 0 |  |  |  | 0 |  |  |  | 53 |  |  |  | 0 |  |  |  | 0 |
Other consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
|  |  | 2,918 |  |  |  | 3,255 |  |  |  | 1,460 |  |  |  | 3,024 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,926 |  |  |  | 0 |  |  |  | 0 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | 1,638 |  |  |  | 1,964 |  |  |  | 70 |  |  |  | 1,839 |  |  |  | 10 |  |  |  | 13 |  |  |  | 2,370 |  |  |  | 4 |  |  |  | 3 |
Land |  |  | 118 |  |  |  | 132 |  |  |  | 0 |  |  |  | 119 |  |  |  | 0 |  |  |  | 0 |  |  |  | 128 |  |  |  | 0 |  |  |  | 0 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 332 |  |  |  | 0 |  |  |  | 0 |
Commercial real estate |  |  | 2,723 |  |  |  | 3,093 |  |  |  | 127 |  |  |  | 2,655 |  |  |  | 17 |  |  |  | 17 |  |  |  | 3,340 |  |  |  | 9 |  |  |  | 3 |
Commercial business |  |  | 1,898 |  |  |  | 2,118 |  |  |  | 1,259 |  |  |  | 1,898 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,776 |  |  |  | 0 |  |  |  | 0 |
Home equity/2nd mortgage |  |  | 210 |  |  |  | 221 |  |  |  | 4 |  |  |  | 244 |  |  |  | 1 |  |  |  | 0 |  |  |  | 174 |  |  |  | 1 |  |  |  | 0 |
Other consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
|  | $ | 6,587 |  |  | $ | 7,528 |  |  | $ | 1,460 |  |  | $ | 6,755 |  |  | $ | 28 |  |  | $ | 30 |  |  | $ | 8,120 |  |  | $ | 14 |  |  | $ | 6 |
The following table summarizes the Company’s impaired loans as of December 31, 2013:
|  |  |  |  | Unpaid |  |  |  |
|  | Recorded |  |  | Principal |  |  | Related |
|  | Investment |  |  | Balance |  |  | Allowance |
|  | (In thousands) |
Loans with no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
Residential |  | $ | 1,591 |  |  | $ | 1,869 |  |  | $ | 0 |
Land |  |  | 120 |  |  |  | 131 |  |  |  | 0 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Commercial real estate |  |  | 1,637 |  |  |  | 1,643 |  |  |  | 0 |
Commercial business |  |  | 189 |  |  |  | 209 |  |  |  | 0 |
Home equity/2nd mortgage |  |  | 254 |  |  |  | 268 |  |  |  | 0 |
Other consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
|  |  | 3,791 |  |  |  | 4,120 |  |  |  | 0 |
Loans with an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | 449 |  |  |  | 487 |  |  |  | 112 |
Land |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Commercial real estate |  |  | 949 |  |  |  | 1,048 |  |  |  | 145 |
Commercial business |  |  | 1,709 |  |  |  | 1,909 |  |  |  | 1,259 |
Home equity/2nd mortgage |  |  | 22 |  |  |  | 22 |  |  |  | 13 |
Other consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
|  |  | 3,129 |  |  |  | 3,466 |  |  |  | 1,529 |
Total: |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | 2,040 |  |  |  | 2,356 |  |  |  | 112 |
Land |  |  | 120 |  |  |  | 131 |  |  |  | 0 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Commercial real estate |  |  | 2,586 |  |  |  | 2,691 |  |  |  | 145 |
Commercial business |  |  | 1,898 |  |  |  | 2,118 |  |  |  | 1,259 |
Home equity/2nd mortgage |  |  | 276 |  |  |  | 290 |  |  |  | 13 |
Other consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
|  | $ | 6,920 |  |  | $ | 7,586 |  |  | $ | 1,529 |
Recorded Investment in Nonperforming Loans | The following table presents the recorded investment in nonperforming loans at March 31, 2014 and December 31, 2013:
|  | March 31, 2014 |  |  | December 31, 2013 |
|  | 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 |  | $ | 1,123 |  |  | $ | 147 |  |  | $ | 1,270 |  |  | $ | 1,533 |  |  | $ | 180 |  |  | $ | 1,713 |
Land |  |  | 118 |  |  |  | 0 |  |  |  | 118 |  |  |  | 120 |  |  |  | 0 |  |  |  | 120 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Commercial real estate |  |  | 1,424 |  |  |  | 0 |  |  |  | 1,424 |  |  |  | 1,456 |  |  |  | 0 |  |  |  | 1,456 |
Commercial business |  |  | 1,898 |  |  |  | 0 |  |  |  | 1,898 |  |  |  | 1,898 |  |  |  | 0 |  |  |  | 1,898 |
Home equity/2nd mortgage |  |  | 186 |  |  |  | 26 |  |  |  | 212 |  |  |  | 252 |  |  |  | 39 |  |  |  | 291 |
Other consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 8 |  |  |  | 8 |
Total |  | $ | 4,749 |  |  | $ | 173 |  |  | $ | 4,922 |  |  | $ | 5,259 |  |  | $ | 227 |  |  | $ | 5,486 |
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 & 2nd Mtg |  |  | Other Consumer |  |  | Total |
|  | (In thousands) |
March 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 103,842 |  |  | $ | 6,915 |  |  | $ | 9,683 |  |  | $ | 72,958 |  |  | $ | 18,262 |  |  | $ | 34,468 |  |  | $ | 32,534 |  |  | $ | 278,662 |
Special Mention |  |  | 424 |  |  |  | 0 |  |  |  | 0 |  |  |  | 2,709 |  |  |  | 768 |  |  |  | 99 |  |  |  | 15 |  |  |  | 4,015 |
Substandard |  |  | 1,314 |  |  |  | 3,087 |  |  |  | 0 |  |  |  | 807 |  |  |  | 316 |  |  |  | 202 |  |  |  | 0 |  |  |  | 5,726 |
Doubtful |  |  | 1,123 |  |  |  | 118 |  |  |  | 0 |  |  |  | 1,424 |  |  |  | 1,898 |  |  |  | 186 |  |  |  | 0 |  |  |  | 4,749 |
Loss |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Ending balance |  | $ | 106,703 |  |  | $ | 10,120 |  |  | $ | 9,683 |  |  | $ | 77,898 |  |  | $ | 21,244 |  |  | $ | 34,955 |  |  | $ | 32,549 |  |  | $ | 293,152 |
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 |
Ending balance |  | $ | 107,508 |  |  | $ | 10,360 |  |  | $ | 9,018 |  |  | $ | 76,666 |  |  | $ | 22,003 |  |  | $ | 35,269 |  |  | $ | 33,654 |  |  | $ | 294,478 |
Troubled Debt Restructurings by Accrual Status | The following table summarizes the Company’s troubled debt restructurings (TDRs) by accrual status as of March 31, 2014 and December 31, 2013:
|  | March 31, 2014 |  |  | December 31, 2013 |
|  | Accruing |  |  | Nonaccrual |  |  | Total |  |  | Related Allowance for Loan Losses |  |  | Accruing |  |  | Nonaccrual |  |  | Total |  |  | Related Allowance for Loan Losses |
|  | (In thousands) |
Troubled debt restructurings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  | $ | 504 |  |  | $ | 174 |  |  | $ | 678 |  |  | $ | 0 |  |  | $ | 508 |  |  | $ | 226 |  |  | $ | 734 |  |  | $ | 45 |
Commercial real estate |  |  | 1,294 |  |  |  | 364 |  |  |  | 1,658 |  |  |  | 0 |  |  |  | 1,130 |  |  |  | 0 |  |  |  | 1,130 |  |  |  | 0 |
Commercial business |  |  | 0 |  |  |  | 1,710 |  |  |  | 1,710 |  |  |  | 1,259 |  |  |  | 0 |  |  |  | 1,709 |  |  |  | 1,709 |  |  |  | 1,259 |
Home equity and 2nd mortgage |  |  | 23 |  |  |  | 0 |  |  |  | 23 |  |  |  | 0 |  |  |  | 24 |  |  |  | 0 |  |  |  | 24 |  |  |  | 0 |
Total |  | $ | 1,821 |  |  | $ | 2,248 |  |  | $ | 4,069 |  |  | $ | 1,259 |  |  | $ | 1,662 |  |  | $ | 1,935 |  |  | $ | 3,597 |  |  | $ | 1,304 |
Information in Regard to Troubled Debt Restructurings that Occurred During Period | The following table summarizes information in regard to TDRs that were restructured during the three months ended March 31, 2014:
|  | Three months ended March 31, 2014 |
|  | Number of Contracts |  |  | Pre-Modification Outstanding Balance |  |  | Post-Modification Outstanding Balance |
|  | (Dollars in thousands) |
Troubled debt restructurings: |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  |  | 3 |  |  | $ | 542 |  |  | $ | 542 |
Total |  |  | 3 |  |  | $ | 542 |  |  | $ | 542 |
Loans |
Loans | Loans at March 31, 2014 and December 31, 2013 consisted of the following:
|  | March 31, |  |  | December 31, |
(In thousands) |  | 2014 |  |  | 2013 |
Real estate mortgage loans: |  |  |  |  |  |  |  |
Residential |  | $ | 106,252 |  |  | $ | 107,029 |
Land |  |  | 10,082 |  |  |  | 10,309 |
Residential construction |  |  | 14,729 |  |  |  | 14,423 |
Commercial real estate |  |  | 77,764 |  |  |  | 76,496 |
Commercial real estate contruction |  |  | 1,078 |  |  |  | 1,715 |
Commercial business loans |  |  | 21,201 |  |  |  | 21,956 |
Consumer loans: |  |  |  |  |  |  |  |
Home equity and second mortgage loans |  |  | 34,482 |  |  |  | 34,815 |
Automobile loans |  |  | 23,630 |  |  |  | 23,983 |
Loans secured by savings accounts |  |  | 1,041 |  |  |  | 1,138 |
Unsecured loans |  |  | 3,413 |  |  |  | 3,541 |
Other consumer loans |  |  | 4,340 |  |  |  | 4,824 |
Gross loans |  |  | 298,012 |  |  |  | 300,229 |
Less undisbursed portion of loans in process |  |  | (6,143 | ) |  |  | (7,142 | )
Principal loan balance |  |  | 291,869 |  |  |  | 293,087 |
Deferred loan origination fees, net |  |  | 366 |  |  |  | 341 |
Allowance for loan losses |  |  | (5,011 | ) |  |  | (4,922 | )
Loans, net |  | $ | 287,224 |  |  | $ | 288,506 |
Financing Receivable Recorded Investment Current Past Due |
Loans | The following table presents the aging of the recorded investment in loans at 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 |
|  | (In thousands) |
Residential |  | $ | 3,326 |  |  | $ | 305 |  |  | $ | 487 |  |  | $ | 4,118 |  |  | $ | 102,585 |  |  | $ | 106,703 |
Land |  |  | 159 |  |  |  | 0 |  |  |  | 0 |  |  |  | 159 |  |  |  | 9,961 |  |  |  | 10,120 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 9,683 |  |  |  | 9,683 |
Commercial real estate |  |  | 109 |  |  |  | 0 |  |  |  | 0 |  |  |  | 109 |  |  |  | 77,789 |  |  |  | 77,898 |
Commercial business |  |  | 0 |  |  |  | 0 |  |  |  | 189 |  |  |  | 189 |  |  |  | 21,055 |  |  |  | 21,244 |
Home equity/2nd mortgage |  |  | 336 |  |  |  | 100 |  |  |  | 100 |  |  |  | 536 |  |  |  | 34,419 |  |  |  | 34,955 |
Other consumer |  |  | 161 |  |  |  | 30 |  |  |  | 0 |  |  |  | 191 |  |  |  | 32,358 |  |  |  | 32,549 |
Total |  | $ | 4,091 |  |  | $ | 435 |  |  | $ | 776 |  |  | $ | 5,302 |  |  | $ | 287,850 |  |  | $ | 293,152 |
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 |  |  | 90 Days or More Past Due |  |  | Total Past Due |  |  | Current |  |  | Total Loans |
|  | (In thousands) |
Residential |  | $ | 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/2nd 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 |

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