Loans Receivable and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2015

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition of Loans Receivable [Table Text Block]

	Types of loans
	(dollars in thousands)
	June 30, 2015				December 31, 2014
Real Estate Loans:
Residential	$	161,181	29.9	%	$	158,139	31.5	%
Commercial		266,798	49.5			261,956	52.2
Construction		19,773	3.7			19,221	3.9
Commercial, financial and agricultural		67,440	12.5			42,514	8.5
Consumer loans to individuals		24,025	4.4			19,704	3.9
Total loans		539,217	100.0	%		501,534	100.0	%
Deferred fees, net		(347)				(399)
Total loans receivable		538,870				501,135
Allowance for loan losses		(5,947)				(5,875)
Net loans receivable	$	532,923			$	495,260

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

	2015		2014
Balance at beginning of period	$	8	$	20
Accretion		-		(12)
Reclassification and other		-		-
Balance at end of period	$	8	$	8

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

	June 30, 2015		December 31, 2014
Outstanding Balance	$	594	$	1,057
Carrying Amount	$	586	$	1,049

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

The following tables show 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
June 30, 2015	(In thousands)
Individually evaluated for impairment	$	35	$	11,206	$	-	$	-	$	-	$	11,241
Loans acquired with deteriorated credit quality		216		370		-		-		-		586
Collectively evaluated for impairment		160,930		255,222		19,773		67,440		24,025		527,390
Total Loans	$	161,181	$	266,798	$	19,773	$	67,440	$	24,025	$	539,217

	Real Estate Loans
							Commercial		Consumer
	Residential		Commercial		Construction		Loans		Loans		Total
	(In thousands)
December 31, 2014
Individually evaluated for impairment	$	-	$	10,556	$	-	$	-	$	-	$	10,556
Loans acquired with deteriorated credit quality		225		824		-		-		-		1,049
Collectively evaluated for impairment		157,914		250,576		19,221		42,514		19,704		489,929
Total Loans	$	158,139	$	261,956	$	19,221	$	42,514	$	19,704	$	501,534

The following tables include 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
	Recorded		Principal		Associated
	Investment		Balance		Allowance
June 30, 2015				(in thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	251	$	259	$	-
Commercial		8,401		9,063		-
Subtotal		8,652		9,322		-
With an allowance recorded:
Real Estate Loans
Commercial		3,175		4,038		802
Subtotal		3,175		4,038		802
Total:
Real Estate Loans
Residential		251		259		-
Commercial		11,576		13,101		802
Total Impaired Loans	$	11,827	$	13,360	$	802

			Unpaid
	Recorded		Principal		Associated
	Investment		Balance		Allowance
December 31, 2014				(in thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	225	$	233	$	-
Commercial		8,407		8,566		-
Subtotal		8,632		8,799		-
With an allowance recorded:
Real Estate Loans
Commercial		2,973		3,837		293
Subtotal		2,973		3,837		293
Total:
Real Estate Loans
Residential		225		233		-
Commercial		11,380		12,403		293
Total Impaired Loans	$	11,605	$	12,636	$	293

The following information for impaired loans is presented (in thousands) for the six months ended June 30, 2015 and 2014:

	Average Recorded				Interest Income
	Investment				Recognized
	2015		2014		2015		2014
Real Estate Loans:
Residential	$	232	$	237	$	2	$	2
Commercial		11,333		8,220		465		99
Total	$	11,565	$	8,457	$	467	$	101

The following information for impaired loans is presented (in thousands) for the three months ended June 30, 2015 and 2014:

	Average Recorded				Interest Income
	Investment				Recognized
	2015		2014		2015		2014
Real Estate Loans:
Residential	$	236	$	235	$	1	$	1
Commercial		11,382		8,116		69		42
Total	$	11,618	$	8,351	$	70	$	43

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	For the Six Months Ended June 30, 2015
			Pre-Modification		Post-Modification
			Outstanding Recorded		Outstanding Recorded
	Number of Contracts		Investment		Investment
Troubled Debt Restructurings
Real Estate Loans:
Residential	1	$	5	$	5

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

			Special					Doubtful
	Pass		Mention		Substandard		or Loss		Total
June 30, 2015
Commercial real estate loans	$	252,275	$	2,212	$	12,311	$	-	$	266,798
Commercial loans		67,440		-		-		-		67,440
Total	$	319,715	$	2,212	$	12,311	$	-	$	334,238

			Special					Doubtful
	Pass		Mention		Substandard		or Loss		Total
December 31, 2014
Commercial real estate loans	$	246,629	$	1,983	$	13,344	$	-	$	261,956
Commercial loans		42,514		-		-		-		42,514
Total	$	289,143	$	1,983	$	13,344	$	-	$	304,470

For residential real estate loans, construction loans and consumer loans, the Company evaluates credit quality based on the performance of the individual credits.  Nonperforming loans include loans which are in nonaccrual status and loans past due over 90 days and still accruing.  The following tables present the recorded investment in the loan classes based on payment activity as of June 30, 2015 and December 31, 2014 (in thousands):

	Performing		Nonperforming		Total
June 30, 2015
Residential real estate loans	$	160,146	$	1,035	$	161,181
Construction		19,773		-		19,773
Consumer loans		24,023		2		24,025
Total	$	203,942	$	1,037	$	204,979

	Performing		Nonperforming		Total
December 31, 2014
Residential real estate loans	$	156,464	$	1,675	$	158,139
Construction		19,221		-		19,221
Consumer loans		19,700		4		19,704
Total	$	195,385	$	1,679	$	197,064

Loan Portfolio Summarized by the Past Due Status [Table Text Block]

	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due and still accruing		Non-Accrual		Total Past Due and Non-Accrual		Total Loans
June 30, 2015
Real Estate loans
Residential	$	159,909	$	232	$	5	$	-	$	1,035	$	1,272	$	161,181
Commercial		256,815		261		-		-		9,722		9,983		266,798
Construction		19,773		-		-		-		-		-		19,773
Commercial  loans		67,428		12		-		-		-		12		67,440
Consumer  loans		23,983		31		9		-		2		42		24,025
Total	$	527,908	$	536	$	14	$	-	$	10,759	$	11,309	$	539,217

	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due and still accruing		Non-Accrual		Total Past Due and Non-Accrual		Total Loans
December 31, 2014
Real Estate loans
Residential	$	156,242	$	222	$	-	$	-	$	1,675	$	1,897	$	158,139
Commercial		252,495		5,100		440		-		3,921		9,461		261,956
Construction		19,221		-		-		-		-		-		19,221
Commercial  loans		42,500		14		-		-		-		14		42,514
Consumer  loans		19,606		94		-		-		4		98		19,704
Total	$	490,064	$	5,430	$	440	$	-	$	5,600	$	11,470	$	501,534

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

The following tables present 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, 2014	$	1,323	$	3,890	$	222	$	256	$	184	$	5,875
Charge Offs		(113)		(827)		-		-		(43)		(983)
Recoveries		4		-		-		-		11		15
Provision for loan losses		(129)		1,089		(125)		149		56		1,040
Ending balance, June 30, 2015	$	1,085	$	4,152	$	97	$	405	$	208	$	5,947
Ending balance individually evaluated for impairment	$	-	$	802	$	-	$	-	$	-	$	802
Ending balance collectively evaluated for impairment	$	1,085	$	3,350	$	97	$	405	$	208	$	5,145
(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, March 31, 2015	$	1,353	$	3,994	$	115	$	353	$	192	$	6,007
Charge Offs		(26)		(434)		-		-		(28)		(488)
Recoveries		2		-		-		-		6		8
Provision for loan losses		(244)		592		(18)		52		38		420
Ending balance, June 30, 2015	$	1,085	$	4,152	$	97	$	405	$	208	$	5,947

(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		(98)		(829)		-		-		(27)		(954)
Recoveries		-		-		-		-		17		17
Provision for loan losses		(149)		1,704		(693)		(5)		(17)		840
Ending balance, June 30, 2014	$	1,194	$	3,900	$	205	$	179	$	133	$	5,611
Ending balance individually evaluated for impairment	$	-	$	209	$	-	$	-	$	-	$	209
Ending balance collectively evaluated for impairment	$	1,194	$	3,691	$	205	$	179	$	133	$	5,402
(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, March 31, 2014	$	1,332	$	3,842	$	231	$	184	$	138	$	5,727
Charge Offs		(23)		(500)		-		-		(16)		(539)
Recoveries		-		-		-		-		3		3
Provision for loan losses		(115)		558		(26)		(5)		8		420
Ending balance, June 30, 2014	$	1,194	$	3,900	$	205	$	179	$	133	$	5,611