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Loans and Allowance (Tables)

12 Months Ended

Dec. 31, 2013

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

	December 31, 2013			December 31, 2012

Construction/Land	$	24,307		$	26,506
One-to-four family residential		137,298			137,402
Multi-family residential		16,408			19,988
Nonresidential and agricultural land		118,946			106,433
Commercial		24,741			19,549
Consumer and other		4,326			4,906
		326,026			314,784
Unamortized deferred loan costs		487			484
Undisbursed loans in process		(5,775	)		(6,186	)
Allowance for loan losses		(4,510	)		(3,564	)
Total loans	$	316,228		$	305,518

Schedule of the activity in the allowance for loan losses

	Construction/Land			1-4 Family			Multi-Family		Nonresidential			Commercial			Consumer			Total
Year Ended December 31, 2013
Balances at beginning of period:	$	648		$	1,423		$	281	$	1,078		$	133		$	1		$	3,564
Provision for losses		109			565			123		(180	)		181			134			932
Loans charged off		(99	)		(245	)		-		(182	)		(140	)		(177	)		(843	)
Recoveries on loans		18			6					754			15			64			857
Balances at end of period	$	676		$	1,749		$	404	$	1,470		$	189		$	22		$	4,510

Year Ended December 31, 2012
Balances at beginning of period:	$	1,016		$	1,986		$	65	$	822			70		$	44		$	4,003
Provision for losses		(31	)		493			216		619			63			22			1,382
Loans charged off		(341	)		(1,136	)		-		(366	)		-			(89	)		(1,932	)
Recoveries on loans		4			80			-		3			-			24			111
Balances at end of period	$	648		$	1,423		$	281	$	1,078		$	133		$	1		$	3,564

	Construction/ Land		1-4 Family		Multi-Family		Nonresidential		Commercial		Consumer		Total
As of December 31, 2013 Allowance for losses:
Individually evaluated for impairment	$	195	$	552	$	196	$	97	$	68	$	-	$	1,108
Collectively evaluated for impairment		481		1,101		110		1,305		120		21		3,138
Loans acquired with a deteriorated credit quality		-		96		98		68		1		1		264
Balances at end of period	$	676	$	1,749	$	404	$	1,470	$	189	$	22	$	4,510
Loans:
Individually evaluated for impairment	$	4,104	$	5,917	$	1,074	$	4,096	$	372	$	-	$	15,563
Collectively evaluated for impairment		19,866		130,100		14,834		114,145		24,354		4,307		307,606
Loans acquired with a deteriorated credit quality		337		1,281		500		705		15		19		2,857
Balances at end of period	$	24,307	$	137,298	$	16,408	$	118,946	$	24,741	$	4,326	$	326,026

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

December 31, 2013	Total Portfolio		Pass		Special Mention		Substandard		Doubtful

Construction/Land	$	24,307	$	20,023	$	33	$	4,251	$	-
1-4 family residential		137,298		124,765		4,144		7,691		698
Multi-family residential		16,408		14,798		44		1,566		-
Nonresidential		118,946		110,622		2,686		5,066		572
Commercial		24,741		24,341		8		316		76
Consumer		4,326		4,301		-		25		-
Total loans	$	326,026	$	298,850	$	6,915	$	18,915	$	1,346

December 31, 2012	Total Portfolio		Pass		Special Mention		Substandard		Doubtful

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		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

December 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 Receivables
Construction/Land	$	207	$	-	$	71	$	278	$	23,692	$	337	$	24,307
1-4 family residential		458		671		2,322		3,451		132,566		1,281		137,298
Multi-family residential		-		-		-		-		15,908		500		16,408
Nonresidential		267		398		940		1,605		116,636		705		118,946
Commercial		66		-		96		162		24,564		15		24,741
Consumer		104		7		7		118		4,189		19		4,326
	$	1,102	$	1,076	$	3,436	$	5,614	$	317,555	$	2,857	$	326,026

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 Receivables
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		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

	2013			2012

Construction/Land	$	3,864		$	4,798
One-to-four family residential		3,833			2,687
Multi-family residential		1,073			1,104
Nonresidential and agricultural land		2,377			1,678
Commercial		362			567
Consumer and other		5			16
Total nonaccrual loans	$	11,514		$	10,850

Nonaccrual loans as a percent of total loans receivable		3.53	%		3.45	%

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 December 31, 2013, as well as the average recorded investment and interest income recognized on impaired loans for the year ended December 31, 2013:

	Recorded Investment		Unpaid Principal Balance		Specific Allowance		Average Investment		Interest Income Recognized
Impaired loans without a specific allowance:
Construction/Land	$	2,286	$	2,516	$	-	$	2,559	$	120
1-4 family residential		4,154		4,184		-		3,633		172
Multi-family residential		52		53		-		52		3
Nonresidential		3,194		3,672		-		3,148		179
Commercial		237		395		-		310		15
Consumer		-		-		-		11		1
	$	9,923	$	10,820	$	-	$	9,713	$	490

	Recorded Investment		Unpaid Principal Balance		Specific Allowance		Average Investment		Interest Income Recognized
Impaired loans with a specific allowance:
Construction/Land	$	1,818	$	1,831	$	195	$	1,863	$	18
1-4 family residential		1,763		1,784		552		1,490		31
Multi-family residential		1,022		1,038		196		1,031		21
Nonresidential		902		902		97		769		24
Commercial		135		143		68		135		14
Consumer		-		-		-		-		-
	$	5,640	$	5,698	$	1,108	$	5,288	$	108

	Recorded Investment		Unpaid Principal Balance		Specific Allowance		Average Investment		Interest Income Recognized
Total Impaired Loans:
Construction/Land	$	4,104	$	4,347	$	195	$	4,422	$	138
1-4 family residential		5,917		5,968		552		5,123		203
Multi-family residential		1,074		1,091		196		1,083		24
Nonresidential		4,096		4,574		97		3,917		203
Commercial		372		538		68		445		29
Consumer		-		-		-		11		1
	$	15,563	$	16,518	$	1,108	$	15,001	$	598

The following tables present information pertaining to the principal balances and specific valuation allocations for impaired loans as of December 31, 2012, as well as the average recorded investment and interest income recognized on impaired loans for the year ended December 31, 2012:

	Recorded Investment		Unpaid Principal Balance		Specific Allowance		Average Investment		Interest Income Recognized
Impaired loans without a specific allowance:
Construction/Land	$	2,870	$	3,379	$	-	$	2,756	$	2
1-4 family residential		3,562		3,612		-		5,003		157
Multi-family residential		53		54		-		41		2
Nonresidential		3,278		4,439		-		3,692		70
Commercial		386		418		-		423		17
Consumer		12		12		-		14		1
	$	10,161	$	11,914	$	-	$	11,929	$	249

	Recorded Investment		Unpaid Principal Balance		Specific Allowance		Average Investment		Interest Income Recognized
Impaired loans with a specific allowance:
Construction/Land	$	1,882	$	1,882	$	195		1,903	$	-
1-4 family residential		955		957		310		950		10
Multi-family residential		1,051		1,061		196		804		4
Nonresidential		-		-		-		-		-
Commercial		179		186		93		92		-
Consumer		-		-		-		-		-
	$	4,067	$	4,086	$	794	$	3,749	$	14

	Recorded Investment		Unpaid Principal Balance		Specific Allowance		Average Investment		Interest Income Recognized
Total Impaired Loans:
Construction/Land	$	4,752	$	5,261	$	195	$	4,659	$	2
1-4 family residential		4,517		4,569		310		5,953		167
Multi-family residential		1,104		1,115		196		845		6
Nonresidential		3,278		4,439		-		3,692		70
Commercial		565		604		93		515		17
Consumer		12		12		-		14		1
	$	14,228	$	16,000	$	794	$	15,678	$	263

Schedule of troubled debt restructurings by class

	At December 31, 2013				For the Year Ended December 31, 2013
	# of Loans		Total Troubled Debt Restructured		# of Loans		Pre-Modification Recorded Balance		Post-Modification Recorded Balance

Construction/Land		11	$	4,032		8	$	2,031	$	2,403
One-to-four family residential		12		3,628		7		758		777
Multi-family residential		1		1,022		-		-		-
Nonresidential and agricultural land		4		1,487		-		-		-
Commercial		8		266		4		55		69
Consumer		-		-		-		-		-
		36	$	10,435		19	$	2,844	$	3,249

	At December 31, 2012				For the Year Ended December 31, 2012
	# of Loans		Total Troubled Debt Restructured		# of Loans		Pre-Modification Recorded Balance		Post-Modification Recorded Balance

Construction/Land		5	$	4,366		4	$	2,623	$	2,647
One-to-four family residential		9		3,629		3		574		593
Multi-family residential		1		1,050		1		1,068		1,082
Nonresidential and agricultural land		5		2,210		-		-		-
Commercial		9		297		8		262		342
Consumer		-		-		-		-		-
		29	$	11,552		16	$	4,527	$	4,664

Schedule of troubled debt restructurings by type of modification

December 31, 2013	Interest Only		Term		Combination		Total Modifications

Construction/Land	$	-	$	138	$	2,265	$	2,403
One-to-four family residential		-		204		573		777
Multi-family residential		-		-		-		-
Nonresidential and agricultural land		-		-		-		-
Commercial		-		-		69		69
Consumer		-		-		-		-
	$	-	$	342	$	2,907	$	3,249

December 31, 2012	Interest Only		Term		Combination		Total Modifications

Construction/Land	$	-	$	2,647	$	-	$	2,647
One-to-four family residential		-		90		503		593
Multi-family residential		-		-		1,082		1,082
Nonresidential and agricultural land		-		-		-		-
Commercial		-		-		342		342
Consumer		-		-		-		-
	$	-	$	2,737	$	1,927	$	4,664