XML 50 R37.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 4 - Loans Held for Investment (Tables)
12 Months Ended
Dec. 31, 2015
Receivables [Abstract]  
Investment [Table Text Block]
   

December 31, 2015

   

December 31, 2014

 
   

Amount

   

Percent of Total

   

Amount

   

Percent of Total

 
   

(Dollars in thousands)

 

Loans Held for Investment

                               

Mortgage loans:

                               

Residential real estate

  $ 68,229       11.2

%

  $ 64,647       13.4

%

Residential construction

    3,934       0.6       1,382       0.3  

Residential lots and raw land

    157       0.1       828       0.2  

Total mortgage loans

    72,320       11.9       66,857       13.9  
                                 

Commercial loans and leases:

                               

Commercial real estate

    338,714       55.7       255,800       53.2  

Commercial construction

    42,987       7.1       27,646       5.7  

Commercial lots and raw land

    28,271       4.7       27,502       5.7  

Commercial and Industrial

    45,481       7.5       28,379       5.9  

Lease receivables

    17,235       2.8       12,392       2.6  

Total commercial loans and leases

    472,688       77.8       351,719       73.1  
                                 

Consumer loans:

                               

Consumer real estate

    17,239       2.8       18,863       3.9  

Consumer construction

    196       0.1       1,412       0.3  

Consumer lots and raw land

    9,643       1.6       10,430       2.2  

Home equity lines of credit

    29,709       4.8       28,059       5.8  

Consumer other

    6,070       1.0       3,932       0.8  

Total consumer loans

    62,857       10.3       62,696       13.0  
                                 

Gross loans held for investment

    607,865       100.0

%

    481,272       100.0

%

                                 

Less deferred loan origination fees, net

    850               836          

Less allowance for loan and lease losses

    7,867               7,520          
                                 

Net loans held for investment

  $ 599,148             $ 472,916          
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
   

December 31, 2015

   

December 31, 2014

 
   

(Dollars in thousands)

 
Non-accrual loans held for investment:                
Non-TDR loans accounted for on a non-accrual status:                

Residential real estate

  $ 635     $ 727  

Residential lots and raw land

    -       11  

Commercial real estate

    594       554  

Commercial construction

    -       -  

Commercial lots and raw land

    -       32  

Commercial and Industrial

    -       -  

Lease receivables

    95       69  

Consumer real estate

    148       214  

Consumer lots and raw land

    140       124  

Home equity lines of credit

    81       61  

Consumer other

    2       6  

Total non-TDR loans accounted for on a nonaccrual status

    1,695       1,798  
                 

TDR loans accounted for on a nonaccrual status:

               

Past Due TDRs:

               

Residential real estate

    -       -  

Commercial real estate

    -       1,182  

Commercial construction

    -       -  

Commercial lots and raw land

    -       -  

Commercial and Industrial

    -       -  

Consumer real estate

    159       51  

Total Past Due TDRs

    159       1,233  
                 

Current TDRs:

               

Residential real estate

    809       834  

Commercial real estate

    534       127  

Commercial construction

    -       -  

Commercial lots and raw land

    -       1,046  

Commercial and Industrial

    -       -  

Consumer lots and raw land

    -       -  

Total Current TDRs

    1,343       2,007  
                 

Total TDR loans accounted for on a nonaccrual status

    1,502       3,240  

Total non-performing loans

  $ 3,197       5,038  

Percentage of total loans held for investment, net

    0.5

%

    1.1

%

Loans over 90 days past due, still accruing

  $ 115     $ 389  

Other real estate owned

    6,125       7,756  

Total non-performing assets

  $ 9,437     $ 13,183  
Past Due Financing Receivables [Table Text Block]
    30-59     60-89    

Greater

   

Total

           

Total

   

Over 90

 
   

Days

   

Days

   

Than

   

Past

           

Financing

   

Days and

 
Past due loans held for investment:  

Past Due

   

Past Due

   

90 Days

   

Due

   

Current

   

Receivables

   

Accruing

 
   

(In thousands)

 
December 31, 2015                                                        

Residential real estate

  $ 2,238     $ 107     $ 354     $ 2,699     $ 65,530     $ 68,229     $ 115  

Residential construction

    120       -       -       120       3,814       3,934       -  

Residential lots and raw land

    -       -       -       -       157       157       -  

Commercial real estate

    1,054       227       103       1,384       337,330       338,714       -  

Commercial construction

    -       -       -       -       42,987       42,987       -  

Commercial lots and raw land

    69       -       -       69       28,202       28,271       -  

Commercial and Industrial

    3       -       -       3       45,478       45,481       -  

Lease receivables

    -       -       95       95       17,140       17,235       -  

Consumer real estate

    429       113       237       779       16,460       17,239       -  

Consumer construction

    -       -       -       -       196       196       -  

Consumer lots and raw land

    211       -       140       351       9,292       9,643       -  

Home equity lines of credit

    122       72       34       228       29,481       29,709       -  

Consumer other

    3       2       1       6       6,064       6,070       -  

Total

  $ 4,249     $ 521     $ 964     $ 5,734     $ 602,131     $ 607,865     $ 115  
    30-59     60-89    

Greater

   

Total

           

Total

   

Over 90

 
   

Days

   

Days

   

Than

   

Past

           

Financing

   

Days and

 
Past due loans held for investment:  

Past Due

   

Past Due

   

90 Days

   

Due

   

Current

   

Receivables

   

Accruing

 
   

(In thousands)

 
December 31, 2014                                                        

Residential real estate

  $ 1,553     $ 361     $ 944     $ 2,858     $ 61,789     $ 64,647     $ 389  

Residential construction

    -       -       -       -       1,382       1,382       -  

Residential lots and raw land

    -       2       9       11       817       828       -  

Commercial real estate

    1,099       444       1,182       2,725       253,075       255,800       -  

Commercial construction

    -       -       -       -       27,646       27,646       -  

Commercial lots and raw land

    307       39       32       378       27,124       27,502       -  

Commercial and Industrial

    63       -       -       63       28,316       28,379       -  

Lease receivables

    -       -       69       69       12,323       12,392       -  

Consumer real estate

    501       164       149       814       18,049       18,863       -  

Consumer construction

    -       -       -       -       1,412       1,412       -  

Consumer lots and raw land

    -       21       124       145       10,285       10,430       -  

Home equity lines of credit

    45       30       46       121       27,938       28,059       -  

Consumer other

    12       -       6       18       3,914       3,932       -  

Total

  $ 3,580     $ 1,061     $ 2,561     $ 7,202     $ 474,070     $ 481,272     $ 389  
Impaired Financing Receivables [Table Text Block]
           

Contractual

           

YTD Average

   

Interest Income

 
   

Recorded

   

Unpaid Principal

   

Related

   

Recorded

   

Recognized on

 
Impaired Loans December 31, 2015  

Investment

   

Balance

   

Allowance

   

Investment

   

Impaired Loans

 
   

(In thousands)

 
With no related allowance recorded:                                        

Residential real estate

  $ 1,087     $ 1,384     $ -     $ 1,180     $ 62  

Commercial real estate

    9,521       9,573       -       10,883       564  

Commercial construction

    574       574       -       305       14  

Commercial lots and raw land

    2,616       2,616       -       2,764       139  

Commercial and Industrial

    42       42       -       44       2  

Consumer real estate

    201       207       -       277       8  

Consumer lots and raw land

    50       50       -       55       3  

Home equity lines of credit

    50       51       -       56       2  

Consumer other

    42       42       -       44       2  

Subtotal:

    14,183       14,539       -       15,608       796  

With an allowance recorded:

                                       

Commercial real estate

    821       823       365       1,434       57  

Commercial and Industrial

    14       14       14       61       2  

Consumer real estate

    79       79       30       100       2  

Consumer lots and raw land

    723       723       209       619       35  

Subtotal

    1,637       1,639       618       2,214       96  
                                         

Totals:

                                       

Residential

    1,087       1,384       -       1,180       62  

Commercial

    13,588       13,642       379       15,491       778  

Consumer

    1,145       1,152       239       1,151       52  

Grand Total

  $ 15,820     $ 16,178     $ 618     $ 17,822     $ 892  
           

Contractual

           

YTD Average

   

Interest Income

 
   

Recorded

   

Unpaid Principal

   

Related

   

Recorded

   

Recognized on

 
Impaired Loans December 31, 2014  

Investment

   

Balance

   

Allowance

   

Investment

   

Impaired Loans

 
   

(In thousands)

 
With no related allowance recorded:                                        

Residential real estate

  $ 1,505     $ 1,802     $ -     $ 1,268     $ 74  

Commercial real estate

    12,331       12,361       -       13,851       721  

Commercial construction

    103       103       -       1,793       5  

Commercial lots and raw land

    2,951       2,958       -       3,623       159  

Commercial and Industrial

    46       46       -       48       2  

Consumer real estate

    192       192       -       258       6  

Consumer lots and raw land

    59       59       -       477       4  

Home equity lines of credit

    58       58       -       46       3  

Consumer other

    46       46       -       76       2  

Subtotal:

    17,291       17,625       -       21,440       976  
                                         

With an allowance recorded:

                                       

Residential real estate

    235       235       185       47       11  

Commercial real estate

    1,530       1,569       167       2,638       74  

Commercial lots and raw land

    416       418       251       152       29  

Consumer real estate

    132       132       19       139       6  

Consumer lots and raw land

    643       643       165       584       31  

Home equity lines of credit

    25       25       5       15       -  

Subtotal

    2,981       3,022       792       3,575       151  
                                         

Totals:

                                       

Residential

    1,740       2,037       185       1,315       85  

Commercial

    17,377       17,455       418       22,105       990  

Consumer

    1,155       1,155       189       1,595       52  

Grand Total

  $ 20,272     $ 20,647     $ 792     $ 25,015     $ 1,127  
Financing Receivable Credit Quality Indicators [Table Text Block]

December 31, 2015

 

Commercial Credit Exposure by Assigned Risk Grade

 

Commercial Real Estate

   

Commercial Construction

   

Commercial Lots and Raw Land

   

Commercial and Industrial

 
   

(In thousands)

 

1-Excellent

  $ -     $ -     $ -     $ -  

2-Above Average

    2,788       -       160       3,757  

3-Average

    98,148       10,023       2,247       8,095  

4-Acceptable

    209,936       31,139       18,086       30,218  

5-Watch

    11,877       391       3,821       1,350  

6-Special Mention

    7,872       860       2,715       41  

7-Substandard

    8,093       574       1,242       2,020  

8-Doubtful

    -       -       -       -  

9-Loss

    -       -       -       -  

Total

  $ 338,714     $ 42,987     $ 28,271     $ 45,481  

December 31, 2015

 

Consumer Credit Exposure by Assigned Risk Grade

 

Consumer Real Estate

   

Consumer Construction

   

Consumer Lots and Raw Land

   

Home Equity Line of Credit

   

Consumer Other

 
   

(In thousands)

 

Pass

  $ 16,253     $ 196     $ 7,906     $ 29,523     $ 6,000  

6-Special Mention

    679       -       1,270       61       26  

7-Substandard

    307       -       277       125       44  

8-Doubtful

    -       -       190       -       -  

9-Loss

    -       -       -       -       -  

Total

  $ 17,239     $ 196     $ 9,643     $ 29,709     $ 6,070  

December 31, 2015

 

Mortgage and Lease Receivable Credit Exposure by Assigned Risk Grade

 

Residential Real Estate

   

Residential Construction

   

Residential Lots and Raw Land

   

Lease Receivable

 
   

(In thousands)

 

Pass

  $ 65,977     $ 3,934     $ 157     $ 17,140  

6-Special Mention

    791       -       -       -  

7-Substandard

    1,461       -       -       95  

8-Doubtful

    -       -       -       -  

9-Loss

    -       -       -       -  

Total

  $ 68,229     $ 3,934     $ 157     $ 17,235  

December 31, 2014

 

Commercial Credit Exposure by Assigned Risk Grade

 

Commercial Real Estate

   

Commercial Construction

   

Commercial Lots and Raw Land

   

Commercial and Industrial

 
   

(In thousands)

 

1-Excellent

  $ -     $ -     $ -     $ -  

2-Above Average

    2,030       778       24       955  

3-Average

    53,699       5,681       1,560       5,264  

4-Acceptable

    166,639       17,701       16,601       19,562  

5-Watch

    16,117       2,641       3,948       458  

6-Special Mention

    7,195       515       3,201       2,051  

7-Substandard

    10,120       330       2,168       89  

8-Doubtful

    -       -       -       -  

9-Loss

    -       -       -       -  

Total

  $ 255,800     $ 27,646     $ 27,502     $ 28,379  

December 31, 2014

 

Consumer Credit Exposure by Assigned Risk Grade

 

Consumer Real Estate

   

Consumer Construction

   

Consumer Lots and Raw Land

   

Home Equity Line of Credit

   

Consumer Other

 
   

(In thousands)

 

Pass

  $ 17,796     $ 1,412     $ 9,958     $ 27,828     $ 3,866  

6-Special Mention

    636       -       288       60       4  

7-Substandard

    431       -       184       171       62  

8-Doubtful

    -       -       -       -       -  

9-Loss

    -       -       -       -       -  

Total

  $ 18,863     $ 1,412     $ 10,430     $ 28,059     $ 3,932  

December 31, 2014

 

Mortgage and Lease Receivable Credit Exposure by Assigned Risk Grade

 

Residential Real Estate

   

Residential Construction

   

Residential Lots and Raw Land

   

Lease Receivable

 
   

(In thousands)

 

Pass

  $ 61,779     $ 1,382     $ 817     $ 12,323  

6-Special Mention

    684       -       -       -  

7-Substandard

    2,095       -       11       69  

8-Doubtful

    89       -       -       -  

9-Loss

    -       -       -       -  

Total

  $ 64,647     $ 1,382     $ 828     $ 12,392