Loans Receivable and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2014

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition of Loans Receivable [Table Text Block]

	Types of loans
	(dollars in thousands)
	March 31, 2014				December 31, 2013
Real Estate-Residential	$	156,651	31.5	%	$	158,842	31.6	%
Commercial		265,571	53.5			273,144	54.2
Construction		21,400	4.3			20,551	4.1
Commercial, financial and agricultural		37,606	7.6			35,745	7.1
Consumer loans to individuals		15,245	3.1			15,295	3.0
Total loans		496,473	100.0	%		503,577	100.0	%
Deferred fees, net		(457)				(480)
Total loans receivable		496,016				503,097
Allowance for loan losses		(5,727)				(5,708)
Net loans receivable	$	490,289			$	497,389

Loans Acquired And Accounted For in Accordance With ASC 310-30 [Table Text Block]

	March 31, 2014		December 31, 2013
Outstanding Balance	$	1,098	$	1,110
Carrying Amount	$	1,085	$	1,090

Changes In The Accretable Yield For Purchased Credit Impaired Loans [Table Text Block]

	2014		2013
Balance at beginning of period	$	20	$	76
Accretion		(7)		(23)
Reclassification and other		-		-
Balance at end of period	$	13	$	53

Impaired Loans and Related Interest Income by Loan Portfolio Class [Table Text Block]

The following table shows the amount of loans in each category that were individually and collectively evaluated for impairment at the dates indicated:

	Real Estate Loans
							Commercial		Consumer
	Residential		Commercial		Construction		Loans		Loans		Total
March 31, 2014	(In thousands)
Individually evaluated for  impairment	$	-	$	10,634	$	-	$	-	$	-	$	10,634
Loans acquired with deteriorated credit quality		237		848		-		-		-		1,085
Collectively evaluated for impairment		156,414		254,089		21,400		37,606		15,245		484,754
Total Loans	$	156,651	$	265,571	$	21,400	$	37,606	$	15,245	$	496,473

	Real Estate Loans
							Commercial		Consumer
	Residential		Commercial		Construction		Loans		Loans		Total
	(In thousands)
December 31, 2013
Individually evaluated for impairment	$	-	$	11,519	$	-	$	-	$	-	$	11,519
Loans acquired with deteriorated credit quality		242		848		-		-		-		1,090
Collectively evaluated for impairment		158,600		260,777		20,551		35,745		15,295		490,968
Total Loans	$	158,842	$	273,144	$	20,551	$	35,745	$	15,295	$	503,577

The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable.  Also presented are the average recorded investments in the impaired loans and the related amount of interest recognized during the time within the period that the impaired loans were impaired.

			Unpaid Principal
	Recorded		Principal		Associated
	Investment		Balance		Allowance
March 31, 2014				(in thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	237	$	245	$	-
Commercial		9,310		12,631		-
Subtotal		9,547		12,876		-
With an allowance recorded:
Real Estate Loans
Commercial		2,172		2,882		203
Subtotal		2,172		2,882		-
Total:
Real Estate Loans
Residential		237		245		-
Commercial		11,482		15,513		203
Total Impaired Loans	$	11,719	$	15,758	$	203

			Unpaid Principal
	Recorded		Principal		Associated
	Investment		Balance		Allowance
December 31, 2013				(in thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	242	$	251	$	-
Commercial		10,644		14,400		-
Subtotal		10,886		14,651		-
With an allowance recorded:
Real Estate Loans
Commercial		1,723		1,723		53
Subtotal		1,723		1,723		53
Total:
Real Estate Loans
Residential		242		251		-
Commercial		12,367		16,123		53
Total Impaired Loans	$	12,609	$	16,374	$	53

The following information for impaired loans is presented (in thousands) for the three months ended March 31, 2014 and 2013:

	Average Recorded				Interest Income
	Investment				Recognized
	2014		2013		2014		2013
Total:
Real Estate Loans
Residential	$	240	$	262	$	1	$	1
Commercial		11,754		10,839		57		19
Total Loans	$	11,994	$	11,101	$	58	$	20

Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating [Table Text Block]

			Special					Doubtful
	Pass		Mention		Substandard		and Loss		Total
March 31, 2014
Commercial real estate loans	$	244,455	$	3,752	$	17,364	$	-	$	265,571
Commercial loans		37,606		-		-		-		37,606
Total	$	282,061	$	3,752	$	17,364	$	-	$	303,177

			Special					Doubtful
	Pass		Mention		Substandard		and Loss		Total
December 31, 2013
Commercial real estate loans	$	250,566	$	3,651	$	18,927	$	-	$	273,144
Commercial loans		35,745		-		-		-		35,745
Total	$	286,311	$	3,651	$	18,927	$	-	$	308,889

For residential real estate loans, construction loans and consumer loans, the Company evaluates credit quality based on the performance of the individual credits.  The following table presents the recorded investment in the loan classes based on payment activity as of March 31, 2014 and December 31, 2013 (in thousands):

	Performing		Nonperforming		Total
March 31, 2014
Residential real estate loans	$	155,022	$	1,629	$	156,651
Construction		21,400		-		21,400
Consumer loans		15,245		-		15,245
Total	$	191,667	$	1,629	$	193,296

	Performing		Nonperforming		Total
December 31, 2013
Residential real estate loans	$	157,138	$	1,704	$	158,842
Construction		20,551		-		20,551
Consumer loans		15,295		-		15,295
Total	$	192,984	$	1,704	$	194,688

Allowance for Loan Losses and Recorded Investment in Financing Receivables [Table Text Block]

The following table presents the allowance for loan losses by the classes of the loan portfolio:

(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, December 31, 2013	$	1,441	$	3,025	$	898	$	184	$	160	$	5,708
Charge Offs		(75)		(329)		-		-		(11)		(415)
Recoveries		-		-		-		-		14		14
Provision Expense		(34)		1,146		(667)		-		(25)		420
Ending balance, March 31, 2014	$	1,332	$	3,842	$	231	$	184	$	138	$	5,727
Ending balance individually evaluated for impairment	$	-	$	203	$	-	$	-	$	-	$	203
Ending balance collectively evaluated for impairment	$	1,332	$	3,639	$	231	$	184	$	138	$	5,524

(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, December 31, 2012	$	1,797	$	3,183	$	119	$	223	$	180	$	5,502
Charge Offs		(250)		(313)		-		-		(19)		(582)
Recoveries		-		-		-		-		6		6
Provision Expense		427		420		5		(47)		(5)		800
Ending balance, March 31, 2013	$	1,974	$	3,290	$	124	$	176	$	162	$	5,726
Ending balance individually evaluated for impairment	$	-	$	-	$	-	$	-	$	-	$	-
Ending balance collectively evaluated for impairment	$	1,974	$	3,290	$	124	$	176	$	162	$	5,726