XML 53 R10.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Loans | 9 Months Ended
--- | ---
Sep. 30, 2012
LoansAbstract |
Loans |
(3) | Loans. The segments of loans are as follows (in thousands):
|  |  | At September 30, |  |  | At December 31, |
|  |  | 2012 |  |  | 2011 |
| Residential real estate |  | $ | 32,430 |  |  | $ | 30,434 |
| Multi-family real estate |  |  | 4,182 |  |  |  | 4,109 |
| Commercial real estate |  |  | 39,221 |  |  |  | 41,307 |
| Land and construction |  |  | 7,323 |  |  |  | 11,783 |
| Commercial |  |  | 3,959 |  |  |  | 3,713 |
| Consumer |  |  | 123 |  |  |  | 175 |
| Total loans |  |  | 87,238 |  |  |  | 91,521 |
| Add (deduct): |  |  |  |  |  |  |  |
| Net deferred loan fees, costs and premiums |  |  | 149 |  |  |  | 45 |
| Allowance for loan losses |  |  | (1,936 | ) |  |  | (2,349 | )
| Loans, net |  | $ | 85,451 |  |  | $ | 89,217 |
An analysis of the change in the allowance for loan losses follows (in thousands):
|  |  | Residential |  |  | Multi-Family |  |  | Commercial |  |  | Land |  |  |  |  |  |  |  |  |  |
|  |  | Real |  |  | Real |  |  | Real |  |  | and |  |  |  |  |  |  |  |  |  |
|  |  | Estate |  |  | Estate |  |  | Estate |  |  | Construction |  |  | Commercial |  |  | Consumer |  |  | Total |
| Three Months Ended September 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Beginning balance |  | $ | 703 |  |  | $ | 245 |  |  | $ | 799 |  |  | $ | 215 |  |  | $ | 115 |  |  | $ | 25 |  |  | $ | 2,102 |
| Provision (credit) for loan losses |  |  | (231 | ) |  |  | 15 |  |  |  | 364 |  |  |  | 36 |  |  |  | 12 |  |  |  | 0 |  |  |  | 196 |
| Charge-offs |  |  | 0 |  |  |  | (1 | ) |  |  | (346 | ) |  |  | (53 | ) |  |  | 0 |  |  |  | 0 |  |  |  | (400 | )
| Recoveries |  |  | 17 |  |  |  | 0 |  |  |  | 0 |  |  |  | 17 |  |  |  | 0 |  |  |  | 4 |  |  |  | 38 |
| Ending balance |  | $ | 489 |  |  | $ | 259 |  |  | $ | 817 |  |  | $ | 215 |  |  | $ | 127 |  |  | $ | 29 |  |  | $ | 1,936 |
| Nine Months Ended September 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Beginning balance |  | $ | 549 |  |  | $ | 247 |  |  | $ | 1,190 |  |  | $ | 187 |  |  | $ | 161 |  |  | $ | 15 |  |  | $ | 2,349 |
| Provision (credit) for loan losses |  |  | 70 |  |  |  | 12 |  |  |  | 154 |  |  |  | 170 |  |  |  | (33 | ) |  |  | 5 |  |  |  | 378 |
| Charge-offs |  |  | (146 | ) |  |  | 0 |  |  |  | (557 | ) |  |  | (388 | ) |  |  | (1 | ) |  |  | 0 |  |  |  | (1,092 | )
| Recoveries |  |  | 16 |  |  |  | 0 |  |  |  | 30 |  |  |  | 246 |  |  |  | 0 |  |  |  | 9 |  |  |  | 301 |
| Ending balance |  | $ | 489 |  |  | $ | 259 |  |  | $ | 817 |  |  | $ | 215 |  |  | $ | 127 |  |  | $ | 29 |  |  | $ | 1,936 |
|  |  | Residential Real Estate |  |  | Multi-Family Real Estate |  |  | Commercial Real Estate |  |  | Land and Construction |  |  | Consumer |  |  | Total |
| Three Months Ended September 30, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Beginning balance |  | $ | 1,093 |  |  | $ | 308 |  |  | $ | 1,400 |  |  | $ | 197 |  |  | $ | 77 |  |  | $ | 3,075 |
| Provision for loan losses |  |  | (644 | ) |  |  | 135 |  |  |  | 374 |  |  |  | (117 | ) |  |  | 9 |  |  |  | (243 | )
| Charge-offs |  |  | 0 |  |  |  | 0 |  |  |  | (150 | ) |  |  | 0 |  |  |  | 0 |  |  |  | (150 | )
| Recoveries |  |  | 328 |  |  |  | 2 |  |  |  | 0 |  |  |  | 121 |  |  |  | 4 |  |  |  | 455 |
| Ending balance |  | $ | 777 |  |  | $ | 445 |  |  | $ | 1,624 |  |  | $ | 201 |  |  | $ | 90 |  |  | $ | 3,137 |
| Nine Months Ended September 30, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Beginning balance |  | $ | 1,285 |  |  | $ | 282 |  |  | $ | 1,542 |  |  | $ | 514 |  |  | $ | 80 |  |  | $ | 3,703 |
| Provision (credit) for loan losses |  |  | (562 | ) |  |  | 158 |  |  |  | 284 |  |  |  | 772 |  |  |  | 0 |  |  |  | 652 |
| Charge-offs |  |  | (308 | ) |  |  | 0 |  |  |  | (202 | ) |  |  | (1,230 | ) |  |  | 0 |  |  |  | (1,740 | )
| Recoveries |  |  | 362 |  |  |  | 5 |  |  |  | 0 |  |  |  | 145 |  |  |  | 10 |  |  |  | 522 |
| Ending balance |  | $ | 777 |  |  | $ | 445 |  |  | $ | 1,624 |  |  | $ | 201 |  |  | $ | 90 |  |  | $ | 3,137 |
|  |  | At September 30, 2012 |
|  |  | Residential Real Estate |  |  | Multi-Family Real Estate |  |  | Commercial Real Estate |  |  | Land and Construction |  |  | Commercial |  |  | Consumer |  |  | Total |
| Individually evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Recorded investment |  | $ | 7,628 |  |  | $ | 0 |  |  | $ | 13,933 |  |  | $ | 905 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 22,466 |
| Balance in allowance for loan losses |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
| Collectively evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Recorded investment |  | $ | 24,802 |  |  | $ | 4,182 |  |  | $ | 25,288 |  |  | $ | 6,418 |  |  | $ | 3,959 |  |  | $ | 123 |  |  | $ | 64,772 |
| Balance in allowance for loan losses |  | $ | 489 |  |  | $ | 259 |  |  | $ | 817 |  |  | $ | 215 |  |  | $ | 127 |  |  | $ | 29 |  |  | $ | 1,936 |
|  |  | At December 31, 2011 |
|  |  | Residential Real Estate |  |  | Multi-Family Real Estate |  |  | Commercial Real Estate |  |  | Land and Construction |  |  | Consumer |  |  | Total |
| Individually evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Recorded investment |  | $ | 7,919 |  |  | $ | 0 |  |  | $ | 16,716 |  |  | $ | 7,241 |  |  | $ | 68 |  |  | $ | 31,944 |
| Balance in allowance for loan losses |  | $ | 0 |  |  | $ | 0 |  |  | $ | 11 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 11 |
| Collectively evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Recorded investment |  | $ | 23,223 |  |  | $ | 4,109 |  |  | $ | 27,596 |  |  | $ | 4,542 |  |  | $ | 107 |  |  | $ | 59,577 |
| Balance in allowance for loan losses |  | $ | 566 |  |  | $ | 247 |  |  | $ | 1,323 |  |  | $ | 187 |  |  | $ | 15 |  |  | $ | 2,338 |
(3) | Loans, Continued. The Company has divided the loan portfolio into six portfolio segments, each with different risk characteristics and methodologies for assessing risk. The portfolio segments identified by the Company are as follows: Real Estate Mortgage Loans. Real estate mortgage loans are typically segmented into four categories: Residential real estate, Multi-family real estate, Commercial real estate, and Land and Construction. Residential real estate loans are underwritten in accordance with policies set forth and approved by the Board of Directors (the “Board”), including repayment capacity and source, value of the underlying property, credit history and stability. Multi-family real estate and commercial real estate loans are secured by the subject property and are underwritten based upon standards set forth in the policies approved by the Company’s Board. Such standards include, among other factors, loan to value limits, cash flow coverage and general creditworthiness of the obligors. Land and construction loans to borrowers are to finance the construction of owner occupied and leased properties. These loans are categorized as construction loans during the construction period, later converting to commercial or residential real estate loans after the construction is complete and amortization of the loan begins. Real estate development and construction loans are approved based on an analysis of the borrower and guarantor, the viability of the project and on an acceptable percentage of the appraised value of the property securing the loan. Real estate development and construction loan funds are disbursed periodically based on the percentage of construction completed. The Company carefully monitors these loans with on-site inspections and requires the receipt of lien waivers on funds advanced. Development and construction loans are typically secured by the properties under development or construction, and personal guarantees are typically obtained. Further, to assure that reliance is not placed solely on the value of the underlying property, the Company considers the market conditions and feasibility of proposed projects, the financial condition and reputation of the borrower and guarantors, the amount of the borrower’s equity in the project, independent appraisals, costs estimates and pre-construction sale information. The Company also makes loans on occasion for the purchase of land for future development by the borrower. Land loans are extended for the future development for either commercial or residential use by the borrower. The Company carefully analyzes the intended use of the property and the viability thereof.
(3) | Loans, Continued. Commercial Loans. Commercial loans are primarily underwritten on the basis of the borrowers’ ability to service such debt from income. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. As a general practice, the Company takes as collateral a security interest in any available real estate, equipment, or other chattel, although loans may also be made on an unsecured basis. Collateralized working capital loans typically are secured by short-term assets whereas long-term loans are primarily secured by long-term assets. These loans are also affected by adverse economic conditions should they prevail within the Company’s local market. Consumer Loans. Consumer loans are extended for various purposes, including purchases of automobiles, recreational vehicles, and boats. Also offered are home improvement loans, lines of credit, personal loans, and deposit account collateralized loans. Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas such as unemployment levels. Loans to consumers are extended after a credit evaluation, including the creditworthiness of the borrower(s), the purpose of the credit, and the secondary source of repayment. Consumer loans are made at fixed and variable interest rates and may be made on terms of up to ten years. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers.
|  |  |  |  | OLEM |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | (Other Loans |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Especially |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Pass |  |  | Mentioned) |  |  | Substandard |  |  | Doubtful |  |  | Loss |  |  | Total |
At September 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed-end first mortgages |  | $ | 21,678 |  |  | $ | 2,919 |  |  | $ | 4,709 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 29,306 |
Closed-end second mortgages |  |  | 3,124 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,124 |
Total residential real estate |  |  | 24,802 |  |  |  | 2,919 |  |  |  | 4,709 |  |  |  | 0 |  |  |  | 0 |  |  |  | 32,430 |
Multi-family real estate |  |  | 4,182 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4,182 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner-occupied |  |  | 9,949 |  |  |  | 1,979 |  |  |  | 78 |  |  |  | 0 |  |  |  | 0 |  |  |  | 12,006 |
Non-owner-occupied |  |  | 12,235 |  |  |  | 1,125 |  |  |  | 13,855 |  |  |  | 0 |  |  |  | 0 |  |  |  | 27,215 |
Total commercial real estate |  |  | 22,184 |  |  |  | 3,104 |  |  |  | 13,933 |  |  |  | 0 |  |  |  | 0 |  |  |  | 39,221 |
Land and construction |  |  | 6,369 |  |  |  | 49 |  |  |  | 905 |  |  |  | 0 |  |  |  | 0 |  |  |  | 7,323 |
Commercial |  |  | 3,959 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,959 |
Consumer |  |  | 123 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 123 |
Total |  | $ | 61,619 |  |  | $ | 6,072 |  |  | $ | 19,547 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 87,238 |
At December 31, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed-end first mortgages |  | $ | 18,588 |  |  | $ | 3,686 |  |  | $ | 5,001 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 27,275 |
Closed-end second mortgages |  |  | 3,159 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,159 |
Total residential real estate |  |  | 21,747 |  |  |  | 3,686 |  |  |  | 5,001 |  |  |  | 0 |  |  |  | 0 |  |  |  | 30,434 |
Multi-family real estate |  |  | 4,109 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4,109 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner-occupied |  |  | 10,132 |  |  |  | 2,012 |  |  |  | 369 |  |  |  | 0 |  |  |  | 0 |  |  |  | 12,513 |
Non-owner-occupied |  |  | 10,822 |  |  |  | 2,764 |  |  |  | 15,208 |  |  |  | 0 |  |  |  | 0 |  |  |  | 28,794 |
Total commercial real estate |  |  | 20,954 |  |  |  | 4,776 |  |  |  | 15,577 |  |  |  | 0 |  |  |  | 0 |  |  |  | 41,307 |
Land and construction |  |  | 4,493 |  |  |  | 49 |  |  |  | 7,241 |  |  |  | 0 |  |  |  | 0 |  |  |  | 11,783 |
Commercial |  |  | 3,713 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,713 |
Consumer |  |  | 107 |  |  |  | 68 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 175 |
Total |  | $ | 55,123 |  |  | $ | 8,579 |  |  | $ | 27,819 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 91,521 |
Pass – a Pass loan's primary source of loan repayment is satisfactory, with secondary sources very likely to be realized if necessary. These are loans that conform in all aspects to bank policy and regulatory requirements, and no repayment risk has been identified.
OLEM (Other Loans Especially Mentioned) – an Other Loan Especially Mentioned has potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in the deterioration of the repayment prospects for the asset or the Company's credit position at some future date. Substandard – a Substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful – a loan classified Doubtful has all the weaknesses inherent in one classified Substandard, with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be affected in the future. The Company fully charges off any loan classified as Doubtful. Loss – a loan classified Loss is considered uncollectible and of such little value that continuance as a bankable asset is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be affected in the future. The Company fully charges off any loan classified as Loss. \
|  | Accruing Loans |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Greater |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 30-59 |  |  | 60-89 |  |  | Than 90 |  |  | Total |  |  |  |  |  |  |  |  |  |
|  | Days |  |  | Days |  |  | Days |  |  | Past |  |  |  |  |  | Nonaccrual |  |  | Total |
|  | Past Due |  |  | Past Due |  |  | Past Due |  |  | Due |  |  | Current |  |  | Loans |  |  | Loans |
At September 30, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed-end first mortgages |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 24,597 |  |  | $ | 4,709 |  |  | $ | 29,306 |
Closed-end second mortgages |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,124 |  |  |  | 0 |  |  |  | 3,124 |
Subtotal |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 27,721 |  |  |  | 4,709 |  |  |  | 32,430 |
Multi-family real estate |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4,182 |  |  |  | 0 |  |  |  | 4,182 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner-occupied |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 11,928 |  |  |  | 78 |  |  |  | 12,006 |
Non-owner-occupied |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 13,360 |  |  |  | 13,855 |  |  |  | 27,215 |
Subtotal |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 25,288 |  |  |  | 13,933 |  |  |  | 39,221 |
Land and construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 6,418 |  |  |  | 905 |  |  |  | 7,323 |
Commercial |  |  | 701 |  |  |  | 0 |  |  |  | 0 |  |  |  | 701 |  |  |  | 3,258 |  |  |  | 0 |  |  |  | 3,959 |
Consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 123 |  |  |  | 0 |  |  |  | 123 |
Total |  | $ | 701 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 701 |  |  | $ | 66,990 |  |  | $ | 19,547 |  |  | $ | 87,238 |
At December 31, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed-end first mortgages |  | $ | 0 |  |  | $ | 768 |  |  | $ | 0 |  |  | $ | 768 |  |  | $ | 21,506 |  |  | $ | 5,001 |  |  | $ | 27,275 |
Closed-end second mortgages |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,159 |  |  |  | 0 |  |  |  | 3,159 |
Subtotal |  |  | 0 |  |  |  | 768 |  |  |  | 0 |  |  |  | 768 |  |  |  | 24,665 |  |  |  | 5,001 |  |  |  | 30,434 |
Multi-family real estate |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4,109 |  |  |  | 0 |  |  |  | 4,109 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner-occupied |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 12,144 |  |  |  | 369 |  |  |  | 12,513 |
Non-owner-occupied |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 13,586 |  |  |  | 15,208 |  |  |  | 28,794 |
Subtotal |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 25,730 |  |  |  | 15,577 |  |  |  | 41,307 |
Land and construction |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4,542 |  |  |  | 7,241 |  |  |  | 11,783 |
Commercial |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,713 |  |  |  | 0 |  |  |  | 3,713 |
Consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 175 |  |  |  | 0 |  |  |  | 175 |
Total |  | $ | 0 |  |  | $ | 768 |  |  | $ | 0 |  |  | $ | 768 |  |  | $ | 62,934 |  |  | $ | 27,819 |  |  | $ | 91,521 |
|  | At September 30, 2012 |  |  | At December 31, 2011 |
|  |  |  |  | Unpaid |  |  |  |  |  |  |  |  | Unpaid |  |  |  |
|  | Recorded |  |  | Principal |  |  | Related |  |  | Recorded |  |  | Principal |  |  | Related |
|  | Investment |  |  | Balance |  |  | Allowance |  |  | Investment |  |  | Balance |  |  | Allowance |
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed-end first mortgages |  | $ | 7,628 |  |  | $ | 8,079 |  |  | $ | 0 |  |  | $ | 7,919 |  |  | $ | 8,465 |  |  | $ | 0 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner-occupied |  |  | 78 |  |  |  | 78 |  |  |  | 0 |  |  |  | 369 |  |  |  | 376 |  |  |  | 0 |
Non-owner-occupied |  |  | 13,855 |  |  |  | 16,730 |  |  |  | 0 |  |  |  | 15,208 |  |  |  | 17,584 |  |  |  | 0 |
Land and construction |  |  | 905 |  |  |  | 2,429 |  |  |  | 0 |  |  |  | 7,241 |  |  |  | 11,652 |  |  |  | 0 |
Consumer |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 68 |  |  |  | 68 |  |  |  | 0 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-owner-occupied |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,139 |  |  |  | 1,139 |  |  |  | 11 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed-end first mortgages |  | $ | 7,628 |  |  | $ | 8,079 |  |  | $ | 0 |  |  | $ | 7,919 |  |  | $ | 8,465 |  |  | $ | 0 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner-occupied |  | $ | 78 |  |  | $ | 78 |  |  | $ | 0 |  |  | $ | 369 |  |  | $ | 376 |  |  | $ | 0 |
Non-owner-occupied |  | $ | 13,855 |  |  | $ | 16,730 |  |  | $ | 0 |  |  | $ | 16,347 |  |  | $ | 18,723 |  |  | $ | 11 |
Land and construction |  | $ | 905 |  |  | $ | 2,429 |  |  | $ | 0 |  |  | $ | 7,241 |  |  | $ | 11,652 |  |  | $ | 0 |
Consumer |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 68 |  |  | $ | 68 |  |  | $ | 0 |
Total |  | $ | 22,466 |  |  | $ | 27,316 |  |  | $ | 0 |  |  | $ | 31,944 |  |  | $ | 39,284 |  |  | $ | 11 |
| The average net investment in impaired loans and interest income recognized and received on impaired loans are as follows (in thousands):
|  | Three Months Ended September 30, |
|  | 2012 |  |  | 2011 |
|  | Average |  |  | Interest |  |  | Interest |  |  | Average |  |  | Interest |  |  | Interest |
|  | Recorded |  |  | Income |  |  | Income |  |  | Recorded |  |  | Income |  |  | Income |
|  | Investment |  |  | Recognized |  |  | Received |  |  | Investment |  |  | Recognized |  |  | Received |
Residential real estate- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed-end first mortgages |  | $ | 7,688 |  |  | $ | 52 |  |  | $ | 102 |  |  | $ | 11,080 |  |  | $ | 66 |  |  | $ | 71 |
Multi-family real estate |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner-occupied |  | $ | 78 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 296 |  |  | $ | 0 |  |  | $ | 0 |
Non-owner-occupied |  | $ | 14,199 |  |  | $ | 0 |  |  | $ | 63 |  |  | $ | 18,404 |  |  | $ | 10 |  |  | $ | 92 |
Land and construction |  | $ | 2,372 |  |  | $ | 0 |  |  | $ | 25 |  |  | $ | 6,746 |  |  | $ | 0 |  |  | $ | 28 |
Consumer- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-real estate secured |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 216 |  |  | $ | 1 |  |  | $ | 1 |
Total |  | $ | 24,337 |  |  | $ | 52 |  |  | $ | 190 |  |  | $ | 36,742 |  |  | $ | 77 |  |  | $ | 192 |
|  | Nine Months Ended September 30, |
|  | 2012 |  |  | 2011 |
|  | Average |  |  | Interest |  |  | Interest |  |  | Average |  |  | Interest |  |  | Interest |
|  | Recorded |  |  | Income |  |  | Income |  |  | Recorded |  |  | Income |  |  | Income |
|  | Investment |  |  | Recognized |  |  | Received |  |  | Investment |  |  | Recognized |  |  | Received |
Residential real estate- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Closed-end first mortgages |  | $ | 7,863 |  |  | $ | 156 |  |  | $ | 254 |  |  | $ | 11,686 |  |  | $ | 174 |  |  | $ | 211 |
Multi-family real estate |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner-occupied |  | $ | 177 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 466 |  |  | $ | 0 |  |  | $ | 1 |
Non-owner-occupied |  | $ | 14,682 |  |  | $ | 0 |  |  | $ | 172 |  |  | $ | 19,009 |  |  | $ | 95 |  |  | $ | 303 |
Land and construction |  | $ | 4,681 |  |  | $ | 0 |  |  | $ | 69 |  |  | $ | 7,704 |  |  | $ | 21 |  |  | $ | 119 |
Consumer- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-real estate secured |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 224 |  |  | $ | 5 |  |  | $ | 5 |
Total |  | $ | 27,403 |  |  | $ | 156 |  |  | $ | 495 |  |  | $ | 39,089 |  |  | $ | 295 |  |  | $ | 639 |
| No loans have been determined to be restructured as troubled debt restructurings (“TDRs”) during the nine months ended September 30, 2012. The following schedule summarizes TDRs during nine months ended September 30, 2011. There were no loans determined to be restructured as TDR during three months ended September 30, 2011.
|  | Nine Months Ended September 30, 2011 |
|  | Outstanding Recorded Investment |
|  | Number |  |  |  |  |  |  |
|  | of |  |  | Pre- |  |  | Post- |
|  | Contracts |  |  | Modification |  |  | Modification |
Troubled Debt Restructurings: |  |  |  |  |  |  |  |  |
Real estate mortgage loans: |  |  |  |  |  |  |  |  |
Residential real estate: |  |  |  |  |  |  |  |  |
Modified interest rate and amortization |  |  | 1 |  |  | $ | 1,289 |  |  | $ | 1,289 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Modified interest rate and amortization |  |  | 4 |  |  |  | 6,321 |  |  |  | 6,321 |
Land and construction: |  |  |  |  |  |  |  |  |  |  |  |
Modified interest rate and amortization |  |  | 1 |  |  |  | 2,080 |  |  |  | 2,080 |
Total |  |  | 6 |  |  | $ | 9,690 |  |  | $ | 9,690 |
(3) | Loans, Continued. There were no defaults of TDR’s during the nine months ended September 30, 2012. The following schedule summarizes troubled debt restructurings that subsequently defaulted during three and nine months ended September 30, 2011.
|  | Three Months Ended September 30, 2011 |  |  | Nine Months Ended September 30, 2011 |
|  | Number of Contracts |  |  | Recorded Investment |  |  | Number of Contracts |  |  | Recorded Investment |
Troubled debt restructurings that subsequently defaulted which were restructured during the last twelve months (dollars in thousands): |  |  |  |  |  |  |  |  |  |  |  |
Real estate mortgage loans-Land and construction |  |  | 1 |  |  | $ | 2,806 |  |  |  | 1 |  |  | $ | 2,806 |

X
- Details
Name: | ophc_LoansAbstract
Namespace Prefix: | ophc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5074-111524 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5162-111524 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 01-6 -Paragraph 13 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5066-111524 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration