XML 43 R22.htm IDEA: XBRL DOCUMENT

Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2013

Loans And Allowance For Loan Losses Tables

The following is a summary of the non-accrual loans as of March 31, 2013 and December 31, 2012.

March 31, 2013
Loans Receivable on Non-Accrual
Commercial	$	3,275
Commercial Real Estate:
Commercial Real Estate - Construction		—
Commercial Real Estate - Other		3,950,364
Consumer:
Consumer Real Estate		68,231
Consumer - Other		—

Total	$	4,021,870

December 31, 2012
Loans Receivable on Non-Accrual
Commercial	$	4,085
Commercial Real Estate:
Commercial Real Estate - Construction		—
Commercial Real Estate - Other		3,921,750
Consumer:
Consumer Real Estate		67,981
Consumer - Other		—

Total	$	3,993,816

Schedule of Bank's delinquent loans,excluding mortgage loans held for sale

The following is a schedule of the Bank’s delinquent loans, excluding mortgage loans held for sale, as of March 31, 2013 and December 31, 2012.

March 31, 2013
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Recorded Investment > 90 Days and Accruing
Commercial	$	802,255		1,127,900		—		1,930,155		53,794,802		55,724,957		—
Commercial Real Estate:
Commercial Real Estate -Construction		—		—		—		—		1,730,252		1,730,252		—
Commercial Real Estate -Other		2,351		—		3,187,290		3,189,641		102,261,912		105,451,553		—
Consumer:
Consumer- Real Estate		60,651		—		—		60,651		49,180,655		49,241,306		—
Consumer-Other		22,931		27		1,026		23,984		4,020,978		4,044,962		1,026
Total	$	888,188		1,127,927		3,188,316		5,204,431		210,988,599		216,193,030		1,026

December 31, 2012
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Recorded Investment > 90 Days and Accruing
Commercial	$	104,766		—		—		104,766		54,559,520		54,664,286		—
Commercial Real Estate:
Commercial Real Estate -Construction		—		—		—		—		2,276,532		2,276,532		—
Commercial Real Estate - Other		93,487		336,315		3,074,397		3,504,199		105,071,216		108,575,415		—
Consumer:
Consumer- Real Estate		—		—		—		—		46,703,454		46,703,454		—
Consumer-Other		6,549		—		985		7,534		4,901,403		4,908,937		—
Total	$	204,802		336,315		3,075,382		3,616,499		213,512,125		217,128,624		—

Schedule of loans individually evaluated and considered impaired

As of March 31, 2013 and December 31, 2012, loans individually evaluated and considered impaired are presented in the following table:

Impaired and Restructured Loans For the Three Months Ended March 31, 2013
With no related allowance recorded:	Unpaid Principal Balance		Recorded Investments		Related Allowance		Average Recorded Investment		Interest Income Recognized
Commercial	$	296,350	$	131,749	$	—	$	146,596	$	53,216
Commercial Real Estate		11,281,464		8,056,896		—		8,854,164		2,273,039
Consumer Real Estate		319,536		310,872		—		315,226		65,139
Consumer Other		—		—		—		—		—

Total	$	11,897,350	$	8,499,517	$	—	$	9,315,986	$	2,391,394

With an allowance recorded:
Commercial	$	1,360,535	$	1,249,849	$	1,249,849	$	1,284,226	$	183,244
Commercial Real Estate		908,269		825,063		257,904		838,568		220,680
Consumer Real Estate		879,292		879,419		460,997		879,389		137,741
Consumer Other		50,000		49,443		49,443		49,547		6,470

Total	$	3,198,096	$	3,003,774	$	2,018,193	$	3,051,730	$	548,135
Grand Total		15,095,446		11,503,291		2,018,193		12,367,716		2,939,529

Impaired and Restructured Loans For the Year Ended December 31, 2012
With no related allowance recorded:	Unpaid Principal Balance		Recorded Investments		Related Allowance		Average Recorded Investment		Interest Income Recognized
Commercial	$	296,350	$	140,575	$	—	$	150,913	$	51,151
Commercial Real Estate		8,733,779		5,578,231		—		6,499,933		2,019,907
Consumer Real Estate		319,536		311,543		—		315,763		61,381
Consumer Other		—		—		—		—		—

Total	$	9,349,665	$	6,030,349	$	—	$	6,966,609	$	2,132,439

With an allowance recorded:
Commercial	$	1,360,535	$	1,251,462	$	1,251,462	$	1,287,204	$	168,739
Commercial Real Estate		3,355,954		3,287,773		169,243		3,295,385		363,187
Consumer Real Estate		882,750		879,252		528,510		879,391		344,262
Consumer Other		50,000		49,443		49,443		49,570		6,009

Total	$	5,649,239	$	5,467,930	$	1,998,658	$	5,511,550	$	882,197
Grand Total		14,998,904		11,498,279		1,998,658		12,478,159		3,014,636

Schedule of credit risks by category and internally assigned grades

The following table illustrates credit risks by category and internally assigned grades at March 31, 2013 and December 31, 2012.

March 31, 2013
	Commercial		Commercial Real Estate Construction		Commercial Real Estate Other		Consumer Real Estate		Consumer Other		Total

Pass	$	49,741,368	$	1,262,735	$	91,724,990	$	45,387,978	$	3,495,796	$	191,612,867
Watch		3,011,491		—		2,236,015		1,660,762		244,756		7,153,024
OAEM		591,687		467,517		2,910,787		950,520		137,976		5,058,487
Sub-Standard		2,380,411		—		8,579,761		1,242,046		166,434		12,368,652
Doubtful		—		—		—		—		—		—
Loss		—		—		—		—		—		—

Total	$	55,724,957	$	1,730,252	$	105,451,553	$	49,241,306	$	4,044,962	$	216,193,030

December 31, 2012
	Commercial		Commercial Real Estate Construction		Commercial Real Estate Other		Consumer Real Estate		Consumer Other		Total

Pass	$	47,803,837	$	1,806,765	$	94,779,321	$	41,738,572	$	4,197,256	$	190,325,751
Watch		4,551,804		—		2,554,099		2,971,631		344,583		10,422,117
OAEM		561,563		469,767		4,957,130		650,412		205,638		6,844,510
Sub-Standard		1,747,082		—		6,284,865		1,342,839		161,460		9,536,246
Doubtful		—		—		—		—		—		—
Loss		—		—		—		—		—		—

Total	$	54,664,286	$	2,276,532	$	108,575,415	$	46,703,454	$	4,908,937	$	217,128,624

Schedule of changes in the allowance and an allocation of the allowance by loan category

March 31, 2013
	Commercial			Commercial Real Estate		Consumer Real Estate			Consumer Other			Unallocated			Total
Allowance for Loan Losses
Beginning Balance	$	1,478,450		$	584,646	$	890,728		$	102,953		$	376,067		$	3,432,844
Charge-offs		(93,953	)		—		—			—			—			(93,953	)
Recoveries		1,489			3,000		—			573			—			5,062
Provisions		114,069			66,637		(49,317	)		(21,196	)		(35,193	)		75,000
Ending Balance		1,500,055			654,283		841,411			82,330			340,874			3,418,953
Ending Balances:
Individually evaluated for impairment		1,249,849			257,904		460,997			49,443			—			2,018,193
Collectively evaluated for impairment		250,206			396,379		380,414			32,887			340,874			1,400,760
Ending Balances:
Individually evaluated for impairment		1,381.598			8,881,959		1,190,291			49,443			—			11,503,291
Collectively evaluated for impairment	$	54,343,359		$	98,299,846	$	48,051,015		$	3,995,519		$	—		$	204,689,739

December 31, 2012
	Commercial			Commercial Real Estate			Consumer Real Estate			Consumer Other			Unallocated			Total
Allowance for Loan Losses
Beginning Balance	$	1,586,510		$	420,367		$	450,338		$	91,402		$	558,267		$	3,106,884
Charge-offs		(60,042	)		(43,734	)		(56,487	)		(12,025	)		—			(172,288	)
Recoveries		109,569			13,228			10,000			15,451			—			148,248
Provisions		(157,587	)		(194,785	)		486,877			8,125			(182,200	)		350,000
Ending Balance		1,478,450			584,646			890,728			102,953			376,067			3,432,844
Ending Balances:
Individually evaluated for impairment		1,251,462			169,243			528,510			49,443			—			1,998,658
Collectively evaluated for impairment		226,988			415,403			362,218			53,510			376,067			1,434,186
Ending Balance:
Individually evaluated for impairment		1,392,037			8,866,004			1,190,795			49,443			—			11,498,279
Collectively evaluated for impairment	$	53,272,249		$	101,985,943		$	45,512,659		$	4,859,494		$	—		$	205,630,345

Schedule of troubled debt restructurings

Modification
As of March 31, 2013
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings
Commercial		1	$	127,790	$	127,790
Commercial Real Estate		3	$	1,363,762	$	1,363,762
Commercial Real Estate Construction		—	$		$	—
Consumer Real Estate –Prime		1	$	110,473	$	110,473
Consumer Real Estate-Subprime		—	$	—	$	—
Consumer Other		—	$	—	$	—
Troubled Debt Restructurings That Subsequently Defaulted
Commercial		—	$	—	$	—
Commercial Real Estate		—	$	—	$	—
Commercial Real Estate Construction		—	$	—	$	—
Consumer Real Estate -Prime		—	$	—	$	—
Consumer Real Estate-Subprime		—	$	—	$	—
Consumer Other		—	$	—	$	—

Modification
As of December 31, 2012
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings
Commercial		1	$	134,814	$	134,814
Commercial Real Estate		3	$	1,371,983	$	1,371,983
Commercial Real Estate Construction		—	$	—	$	—
Consumer Real Estate –Prime		1	$	111,481	$	111,481
Consumer Real Estate-Subprime		—	$	—	$	—
Consumer Other		—	$	—	$	—
Troubled Debt Restructurings That Subsequently Defaulted
Commercial		—	$	—	$	—
Commercial Real Estate		—	$	—	$	—
Commercial Real Estate Construction		—	$	—	$	—
Consumer Real Estate -Prime		—	$	—	$	—
Consumer Real Estate-Subprime		—	$	—	$	—
Consumer Other		—	$	—	$	—