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LOANS AND ALLOWANCE (Tables)

3 Months Ended

Mar. 31, 2013

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

	March 31, 2013			December 31, 2012
	(Unaudited)
	(In Thousands)

Construction / Land	$	23,237		$	26,506
One-to-four family residential		134,487			137,402
Multi-family residential		17,280			19,988
Nonresidential and agricultural land		106,555			106,433
Commercial		22,701			19,549
Consumer		4,198			4,906
		308,458			314,784
Unamortized deferred loan costs		487			484
Undisbursed loans in process		(10,088	)		(6,186	)
Allowance for loan losses		(3,884	)		(3,564	)
Total loans	$	294,973		$	305,518

Schedule of the activity in the allowance for loan losses

	Construction / Land			1-4 Family			Multi-Family			Nonresidential and Agricultural Land			Commercial		Consumer			Total
	(Unaudited; In Thousands)
Three Months Ended March 31, 2013
Balances at beginning of period:	$	648		$	1,423		$	281		$	1,078		$	133	$	1		$	3,564
Provision for losses		152			176			(3	)		(18	)		2		9			318
Loans charged off		(61	)		(65	)		-			(175	)		-		(31	)		(332	)
Recoveries on loans		18			-			-			294			-		22			334
Balances at end of period	$	757		$	1,534		$	278		$	1,179		$	135	$	1		$	3,884

As of March 31, 2013
Allowance for losses:
Individually evaluated for impairment:	$	195		$	405		$	196		$	97		$	93	$	-		$	986
Collectively evaluated for impairment:		562			1,129			82			1,082			42		1			2,898
Loans acquired with a deteriorated credit quality:		-			-			-			-			-		-			-
Balances at end of period	$	757		$	1,534		$	278		$	1,179		$	135	$	1		$	3,884

Loans:
Individually evaluated for impairment:	$	4,565		$	4,444		$	1,091		$	3,385		$	606	$	12		$	14,103
Collectively evaluated for impairment:		18,360			128,629			15,721			102,400			22,082		4,160			291,352
Loans acquired with a deteriorated credit quality:		312			1,414			468			770			13		26			3,003
Balances at end of period	$	23,237		$	134,487		$	17,280		$	106,555		$	22,701	$	4,198		$	308,458

	Construction / Land			1-4 Family			Multi-Family			Nonresidential and Agricultural Land			Commercial			Consumer			Total
	(In Thousands)
Three Months Ended March 31, 2012
Balances at beginning of period:	$	1,016		$	1,986		$	65		$	822			70		$	44		$	4,003
Provision for losses		(246	)		397			(48	)		433			(64	)		2			474
Loans charged off		(340	)		(915	)		-			(29	)		-			(26	)		(1,310	)
Recoveries on loans		-			4			-			-			-			7			11
Balances at end of period	$	430		$	1,472		$	17		$	1,226		$	6		$	27		$	3,178

		Construction / Land		1-4 Family		Multi- Family		Nonresidential and Agricultural Land		Commercial		Consumer		Total
		(In Thousands)
As of December 31, 2012
Allowance for losses:
Individually evaluated for impairment:	$	195	$	310	$	196	$	-	$	93	$	-	$	794
Collectively evaluated for impairment:		453		1,113		85		1,078		40		1		2,770
Loans acquired with a deteriorated credit quality:		-		-		-		-		-		-		-
Balances at end of period	$	648	$	1,423	$	281	$	1,078	$	133	$	1	$	3,564

Loans:
Individually evaluated for impairment:	$	4,752	$	4,517	$	1,104	$	3,278	$	565	$	12	$	14,228
Collectively evaluated for impairment:		21,453		131,465		18,433		102,292		18,946		4,864		297,453
Loans acquired with a deteriorated credit quality:		301		1,420		451		863		38		30		3,103
Balances at end of period	$	26,506	$	137,402	$	19,988	$	106,433	$	19,549	$	4,906	$	314,784

Schedule of credit risk profile of the Corporation's loan portfolio based on rating category

March 31, 2013	Total Portfolio		Pass		Special Mention		Substandard		Doubtful
	(Unaudited; In Thousands)

Construction / Land	$	23,237	$	18,040	$	225	$	4,972	$	-
1-4 family residential		134,487		122,292		4,716		6,451		1,028
Multi-family residential		17,280		15,309		185		1,786		-
Nonresidential and agricultural land		106,555		95,888		5,527		4,188		952
Commercial		22,701		22,052		33		372		244
Consumer		4,198		4,153		11		34		-
Total Loans	$	308,458	$	277,734	$	10,697	$	17,803	$	2,224

December 31, 2012	Total Portfolio		Pass		Special Mention		Substandard		Doubtful
	(In Thousands)

Construction / Land	$	26,506	$	20,952	$	314	$	4,909	$	331
1-4 family residential		137,402		123,705		6,597		5,885		1,215
Multi-family residential		19,988		17,546		186		2,256		-
Nonresidential and agricultural land		106,433		97,307		4,931		2,793		1,402
Commercial		19,549		18,869		15		414		251
Consumer		4,906		4,863		14		29		-
Total Loans	$	314,784	$	283,242	$	12,057	$	16,286	$	3,199

Schedule of Corporation's loan portfolio aging analysis

March 31, 2013	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Purchased Credit Impaired Loans		Total Loans Receivable
	(Unaudited; In Thousands)
Construction / Land	$	236	$	82	$	283	$	601	$	22,324	$	312	$	23,237
1-4 family residential		1,070		755		1,675		3,500		129,572		1,415		134,487
Multi-family residential		-		-		-		-		16,812		468		17,280
Nonresidential and agricultural land		569		-		1,044		1,613		104,173		769		106,555
Commercial		22		498		251		771		21,917		13		22,701
Consumer		26		3		9		38		4,134		26		4,198
	$	1,923	$	1,338	$	3,262	$	6,523	$	298,932	$	3,003	$	308,458

December 31, 2012	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Purchased Credit Impaired Loans		Total Loans Receivable
	(In Thousands)
Construction / Land	$	63	$	-	$	556	$	619	$	25,586	$	301	$	26,506
1-4 family residential		1,347		768		1,408		3,523		132,459		1,420		137,402
Multi-family residential		-		-		-		-		19,537		451		19,988
Nonresidential and agricultural land		276		-		753		1,029		104,541		863		106,433
Commercial		100		-		251		351		19,160		38		19,549
Consumer		36		-		2		38		4,838		30		4,906
	$	1,822	$	768	$	2,970	$	5,560	$	306,121	$	3,103	$	314,784

Schedule of Corporation's nonaccrual loans

	March 31, 2013		December 31, 2012
	(Unaudited)
	(In Thousands)

Construction / Land	$	4,381	$	4,798
One-to-four family residential		2,645		2,687
Multi-family residential		1,091		1,104
Nonresidential and agricultural land		2,187		1,678
Commercial		561		567
Consumer		9		16
Total nonaccrual loans	$	10,874	$	10,850

Schedule of principal balances and specific valuation allocations for impaired loans

The following tables present information pertaining to the principal balances and specific valuation allocations for impaired loans, as of March 31, 2013 (unaudited; in thousands):

Impaired loans without a specific allowance:	Recorded Investment		Unpaid Principal Balance		Specific Allowance
Construction / Land	$	2,687	$	2,687	$	-
1-4 family residential		3,006		3,049		-
Multi-family residential		53		53		-
Nonresidential and agricultural land		2,463		3,032		-
Commercial		429		457		-
Consumer		12		12		-
	$	8,650	$	9,290	$	-

Impaired loans with a specific allowance:	Recorded Investment		Unpaid Principal Balance		Specific Allowance
Construction / Land	$	1,878	$	1,878	$	195
1-4 family residential		1,438		1,438		405
Multi-family residential		1,038		1,038		196
Nonresidential and agricultural land		922		922		97
Commercial		177		178		93
Consumer		-		-		-
	$	5,453	$	5,454	$	986

Total impaired loans:	Recorded Investment		Unpaid Principal Balance		Specific Allowance
Construction / Land	$	4,565	$	4,565	$	195
1-4 family residential		4,444		4,487		405
Multi-family residential		1,091		1,091		196
Nonresidential and agricultural land		3,385		3,954		97
Commercial		606		635		93
Consumer		12		12		-
	$	14,103	$	14,744	$	986

The following tables present information pertaining to the principal balances and specific valuation allocations for impaired loans, as December 31, 2012:

Impaired loans without a specific allowance:	Recorded Investment		Unpaid Principal Balance		Specific Allowance
Construction / Land	$	2,870	$	3,379	$	-
1-4 family residential		3,562		3,612		-
Multi-family residential		53		54		-
Nonresidential and agricultural land		3,278		4,439		-
Commercial		386		418		-
Consumer		12		12		-
	$	10,161	$	11,914	$	-

Impaired loans with a specific allowance:	Recorded Investment		Unpaid Principal Balance		Specific Allowance
Construction / Land	$	1,882	$	1,882	$	195
1-4 family residential		955		957		310
Multi-family residential		1,051		1,061		196
Nonresidential and agricultural land		-		-		-
Commercial		179		186		93
Consumer		-		-		-
	$	4,067	$	4,086	$	794

Total impaired loans:	Recorded Investment		Unpaid Principal Balance		Specific Allowance
Construction / Land	$	4,752	$	5,261	$	195
1-4 family residential		4,517		4,569		310
Multi-family residential		1,104		1,115		196
Nonresidential and agricultural land		3,278		4,439		-
Commercial		565		604		93
Consumer		12		12		-
	$	14,228	$	16,000	$	794

Schedule of information related to the average recorded investment and interest income recognized on impaired loans

	Three Months Ended March 31, 2013				Three Months Ended March 31, 2012
	Average Investment		Interest Income Recognized		Average Investment		Interest Income Recognized
	(Unaudited; In Thousands)

Construction / Land	$	4,820	$	4	$	4,581	$	-
1-4 family residential		4,673		32		5,881		21
Multi-family residential		1,091		-		1,957		22
Nonresidential and agricultural land		3,395		17		3,664		19
Commercial		606		1		396		7
Consumer		12		-		17		-
	$	14,597	$	54	$	16,496	$	69

Schedule of troubled debt restructurings by class

	For the Three Months Ended March 31, 2013
	# of Loans		Pre-Modification Recorded Balance		Post-Modification Recorded Balance

Construction / Land		2	$	-	$	170
One-to-four family residential		6		240		245
Multi-family residential		-		-		-
Nonresidential and agricultural land		2		935		935
Commercial		4		38		98
Consumer		-		-		-
		14	$	1,213	$	1,448


	For the Three Months Ended March 31, 2012
	# of Loans		Pre-Modification Recorded Balance		Post-Modification Recorded Balance

Construction / Land		-	$	-	$	-
One-to-four family residential		4		1,040		1,098
Multi-family residential		1		1,068		1,083
Nonresidential and agricultural land		1		40		40
Commercial		2		65		70
Consumer		-		-		-
		8	$	2,213	$	2,291

Schedule of troubled debt restructurings by type of modification

March 31, 2013	Interest Only		Term		Combination		Total Modifications
Construction / Land	$	-	$	-	$	171	$	170
One-to-four family residential		-		14		231		245
Multi-family residential		-		-		-		-
Nonresidential and agricultural land		-		-		935		935
Commercial		-		-		98		98
Consumer		-		-		-		-
	$	-	$	14	$	1,434	$	1,448

March 31, 2012	Interest Only		Term		Combination		Total Modifications
Construction / Land	$	-		-	$	-		-
One-to-four family residential		-		503		595		1,098
Multi-family residential		-		1,083		-		1,083
Nonresidential and agricultural land		-		-		40		40
Commercial		-		-		70		70
Consumer		-		-		-		-
	$	-	$	1,586	$	705	$	2,291