XML 58 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARY OF IMPAIRED LOANS
 3 Months Ended
Mar. 31, 2013
Summary Of Impaired Loans [Abstract]  
Summary Of Impaired Loans [Text Block]
NOTE 6 SUMMARY OF IMPAIRED LOANS

 

Loans evaluated for impairment include loans classified as troubled debt restructurings and non-performing multi-family, commercial and construction loans. The following tables set forth certain information regarding the Corporation’s impaired loans, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary at March 31, 2013 and December 31, 2012.

 

(Dollar amounts in thousands)         Unpaid        
    Recorded     Principal     Related  
March 31, 2013   Investment     Balance     Allowance  
With no related allowance recorded:                        
Commercial operating   $ 231     $ 231     $ 0  
Commercial real estate, 1-4 family     92       92       0  
Commercial real estate, other     2,450       2,450       0  
Subtotal     2,773       2,773       0  
                         
With an allowance recorded:                        
Commercial operating     870       870       107  
Commercial real estate, 1-4 family     1,711       1,711       241  
Commercial real estate, other     5,444       5,444       206  
Subtotal     8,025       8,025       554  
Total   $ 10,798     $ 10,798     $ 554  

 

(Dollar amounts in thousands)         Unpaid        
    Recorded     Principal     Related  
December 31, 2012   Investment     Balance     Allowance  
With no related allowance recorded:                        
Commercial operating   $ 234     $ 234     $ 0  
Commercial real estate, 1-4 family     92       92       0  
Commercial real estate, other     5,820       5,820       0  
Subtotal     6,146       6,146       0  
                         
With an allowance recorded:                        
Commercial operating     925       925       107  
Commercial real estate, 1-4 family     1,732       1,732       248  
Commercial real estate, other     3,253       3,253       202  
Subtotal     5,910       5,910       557  
Total   $ 12,056     $ 12,056     $ 557  

 

 

Impaired loans with no related allowance recorded at March 31, 2013, decreased 54.88% or $3,373,000 from year-end 2012, while impaired loans with a specified reserve increased 35.79% or $2,115,000. Total impaired loans decreased 10.43% to $10,798,000 at March 31, 2013 from $12,056,000 at December 31, 2012. The decrease in impaired loans is largely due to an upgrade of one large hotel loan due to the borrower’s improved cash flow. The specified reserve related to impaired loans totaled $554,000 at March 31, 2013 compared to $557,000 at December 31, 2012.

 

The following table presents the average recorded investment in impaired loans and the amount of interest income recognized on impaired loans after impairment by portfolio segment and class for the periods indicated.

 

    For the Three Months     For the Three Months  
    Ended March 31, 2013     Ended March 31, 2012  
    Average     Total Interest     Average     Total Interest  
  Recorded     Income     Recorded     Income  
(Dollar amounts in thousands)   Investment     Recognized     Investment     Recognized  
With no related allowance recorded:                                
Commercial operating   $ 233     $ 2     $ 139     $ 2  
Commercial real estate, 1-4 family     92       0       0       0  
Commercial real estate, other     2,455       20       3,879       56  
                                 
With an allowance recorded:                                
Commercial operating     874       0       172       0  
Commercial real estate, 1-4 family     1,722       0       274       0  
Commercial real estate, other     5,466       30       5,011       28  
Total   $ 10,842     $ 52     $ 9,475     $ 86