Loans (Tables)

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Loans

Details regarding the Company’s loans are as follows:

As of:	June 30, 2013		December 31, 2012
Loans secured by real estate:
Construction and land development
Residential real estate	$	1,320	$	3,231
Commercial real estate		17,036		17,617
Secured by 1-4 family residential properties:
Revolving, open-end loans		28,718		29,947
Secured by first liens		200,899		194,324
Secured by junior liens		17,847		18,504
Secured by multi-family properties		17,456		15,906
Secured by non-farm, non-residential properties		208,996		199,879
Commercial and industrial loans to U.S. addressees		56,013		56,396
Loans to individuals for household, family and other personal expenditures:
Credit card and related plans		3,031		3,199
Other (installment and student loans, etc.)		49,732		49,199
Obligations of states & political subdivisions		28,616		22,586
All other loans		12,689		12,742
Gross Loans		642,353		623,530
Less: Unearned income on loans		—		—
Loans, net of unearned income	$	642,353	$	623,530

Age Analysis of Past Due Loans

Age Analysis of Past Due Loans

As of June 30, 2013

	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans		Recorded Investment > 90 Days and Accruing
Commercial	$	166	$	5	$	325	$	496	$	96,822	$	97,318	$	—
Commercial real estate:
Commercial real estate - construction		—		—		—		—		17,036		17,036		—
Commercial real estate - other		211		353		323		887		208,109		208,996		9
Consumer:
Consumer - credit card		13		3		16		32		2,999		3,031		16
Consumer - other		4		—		4		8		5,315		5,323		—
Consumer - auto		112		38		10		160		33,697		33,857		—
Student loans - TERI		33		13		38		84		5,680		5,764		—
Student loans - other		58		3		74		135		4,653		4,788		74
Residential:
Residential - prime		2,887		645		2,505		6,037		260,203		266,240		603
Total	$	3,484	$	1,060	$	3,295	$	7,839	$	634,514	$	642,353	$	702

Age Analysis of Past Due Loans

As of December 31, 2012

	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans		Recorded Investment > 90 Days and Accruing
Commercial	$	23	$	49	$	304	$	376	$	91,348	$	91,724	$	—
Commercial real estate:
Commercial real estate construction		—		—		—		—		17,617		17,617		—
Commercial real estate - other		1,448		200		145		1,793		198,086		199,879		—
Consumer:
Consumer - credit card		16		1		25		42		3,157		3,199		25
Consumer - other		74		86		10		170		5,694		5,864		1
Consumer - auto		212		17		11		240		31,944		32,184		8
Student loans - TERI		77		43		19		139		5,749		5,888		—
Student loans - other		119		123		180		422		4,841		5,263		180
Residential:
Residential - prime		2,680		1,198		2,043		5,921		255,991		261,912		243
Total	$	4,649	$	1,717	$	2,737	$	9,103	$	614,427	$	623,530	$	457

Credit Risk Profile by Creditworthiness Category

Commercial Credit Exposure

Credit Risk Profile by Creditworthiness Category

	Commercial		Commercial Real Estate - Construction		Commercial Real Estate - Other
Pass / Watch	$	95,321	$	17,036	$	194,904
Criticized		872		—		7,154
Substandard		1,125		—		6,938
Total	$	97,318	$	17,036	$	208,996

Commercial Credit Exposure

Credit Risk Profile by Creditworthiness Category

	Commercial		Commercial Real Estate - Construction		Commercial Real Estate - Other
Pass / Watch	$	90,128	$	17,399	$	187,114
Criticized		876		218		6,222
Substandard		720		—		6,543
Total	$	91,724	$	17,617	$	199,879

Credit Risk Profile by Payment Activity

Consumer Credit Exposure

Credit Risk Profile by Payment Activity

	Residential Real Estate		Consumer - Credit Card		Consumer - Other		Consumer - Auto		Student Loans - TERI		Student Loans - Other
Performing	$	264,338	$	3,031	$	5,319	$	33,847	$	5,726	$	4,788
Non-performing		1,902		—		4		10		38		—
Total	$	266,240	$	3,031	$	5,323	$	33,857	$	5,764	$	4,788

Consumer Credit Exposure

Credit Risk Profile by Payment Activity

	Residential Real Estate		Consumer - Credit Card		Consumer - Other		Consumer - Auto		Student Loans - TERI		Student Loans - Other
Performing	$	259,869	$	3,174	$	5,854	$	32,173	$	5,869	$	5,083
Non-performing		2,043		25		10		11		19		180
Total	$	261,912	$	3,199	$	5,864	$	32,184	$	5,888	$	5,263

Impaired Loans

Impaired Loans

June 30, 2013

	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Commercial real estate	$	314	$	314	$	—	$	287	$	—
Commercial		325		325		—		280		—
Consumer - TERI		38		38		—		61		—
Consumer - other		4		4		—		3		—
Consumer - auto		10		10		—		6		—
Residential real estate		1,437		1,437		—		1,047		—
With an allowance recorded:
Commercial real estate - construction		—		—		—		—		—
Commercial real estate - other		1,443		1,443		300		1,445		38
Commercial		612		612		612		532		12
Residential real estate		665		665		262		1,233		6
Total:	$	4,848	$	4,848	$	1,174	$	4,894	$	56
Commercial real estate	$	1,757	$	1,757	$	300	$	1,732	$	38
Commercial	$	937	$	937	$	612	$	812	$	12
Consumer	$	52	$	52	$	—	$	70	$	—
Residential real estate	$	2,102	$	2,102	$	262	$	2,280	$	6

Impaired Loans

December 31, 2012

	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Commercial real estate	$	145	$	145	$	—	$	201	$	—
Commercial		304		304		—		152		—
Consumer - TERI		19		19		—		48		—
Consumer - other		9		9		—		5		—
Consumer - auto		3		3		—		15		—
Residential - real estate		928		928		—		1,152		—
With an allowance recorded:
Commercial real estate construction		—		—		—		—		—
Commercial real estate - other		2,015		2,015		550		2,104		114
Commercial		351		351		351		351		17
Residential real estate		1,497		1,497		325		1,040		44
Total:	$	5,271	$	5,271	$	1,226	$	5,068	$	175
Commercial real estate	$	2,160	$	2,160	$	550	$	2,305	$	114
Commercial	$	655	$	655	$	351	$	503	$	17
Consumer	$	31	$	31	$	—	$	68	$	—
Residential real estate	$	2,425	$	2,425	$	325	$	2,192	$	44

Period-end non-accrual loans

Period-end non-accrual loans, segregated by class of loans, were as follows:

	June 30, 2013		December 31, 2012
Commercial	$	325	$	304
Commercial real estate:
Commercial real estate - construction		—		—
Commercial real estate - other		314		145
Consumer:
Student loans - TERI		38		19
Student loans - other		—		—
Consumer - other		4		9
Consumer - auto		10		3
Residential:
Residential real estate		1,902		1,800
Total	$	2,593	$	2,280

Allowance for Loan and Lease Losses and Recorded Investment in Loans

The Allowance for Loan and Lease Losses and Recorded Investment in Loans for the six months ended June 30, 2013 is as follows:

	Commercial		Commercial Real Estate		Consumer			Residential			Credit Card			Unallocated		Total
Allowance for Loan and Lease Losses:
Beginning balance 12/31/12	$	799	$	2,304	$	540		$	2,981		$	326		$	—	$	6,950
Charge-offs		—		—		(72	)		(207	)		(45	)		—		(324	)
Recoveries		—		—		20			106			—			—		126
Provision		400		—		76			212			112			—		800
Ending balance 06/30/13	$	1,199	$	2,304	$	564		$	3,092		$	393		$	—	$	7,552
Ending balance: Individually evaluated for impairment		612		300		—			262			—			—		1,174
Ending balance: Collectively evaluated for impairment	$	587	$	2,004	$	564		$	2,830		$	393		$	—	$	6,378
Ending balance: Loans acquired with deteriorated credit quality	$	—	$	—	$	—		$	—		$	—		$	—	$	—
Loans:
Ending balance	$	97,318	$	226,032	$	49,732		$	266,240		$	3,031		$	—	$	642,353
Ending balance: Individually evaluated for impairment		937		1,757		52			2,102			—			—		4,848
Ending balance: Collectively evaluated for impairment	$	96,381	$	224,275	$	49,680		$	264,138		$	3,031		$	—	$	637,505
Ending balance: Loans acquired with deteriorated credit quality	$	—	$	—	$	—		$	—		$	—		$	—	$	—

The Allowance for Loan and Lease Losses and Recorded Investment in Loans for the year ended December 31, 2012 is as follows:

	Commercial			Commercial Real Estate			Consumer			Residential			Credit Card			Unallocated		Total
Allowance for Loan and Lease Losses:
Beginning balance 12/31/11	$	793		$	2,294		$	450		$	2,855		$	319		$	—	$	6,711
Charge-offs		(78	)		(33	)		(235	)		(431	)		(40	)		—		(817	)
Recoveries		1			6			57			67			1			—		132
Provision		83			37			268			490			46			—		924
Ending balance 12/31/12	$	799		$	2,304		$	540		$	2,981		$	326		$	—	$	6,950
Ending balance: Individually evaluated for impairment		351			550			—			325			—			—		1,226
Ending balance: Collectively evaluated for impairment	$	448		$	1,754		$	540		$	2,656		$	326		$	—	$	5,724
Ending balance: Loans acquired with deteriorated credit quality	$	—		$	—		$	—		$	—		$	—		$	—	$	—
Loans:
Ending balance	$	91,724		$	217,496		$	49,199		$	261,912		$	3,199		$	—	$	623,530
Ending balance: Individually evaluated for impairment		655			2,160			31			2,425			—			—		5,271
Ending balance: Collectively evaluated for impairment	$	91,069		$	215,336		$	49,168		$	259,487		$	3,199		$	—	$	618,259
Ending balance: Loans acquired with deteriorated credit quality	$	—		$	—		$	—		$	—		$	—		$	—	$	—

Modified commercial loan

Modification

June 30, 2013

	Number of Contracts	Pre-Modification Outstanding  Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings Commercial	1	$	808	$	346

There were no troubled debt restructurings that subsequently defaulted during the six months ended June 30, 2013.

Modification

December 31, 2012

	Number of Contracts	Pre-Modification Outstanding  Recorded Investment		Post-Modification Outstanding Recorded Investment
Troubled Debt Restructurings Commercial	1	$	808	$	351

Changes in credit fair value adjustment on specific loans purchased

Changes in the credit fair value adjustment on specific loans purchased are as follows:

	Carrying Value		Credit Fair Value Adjustment		Net Amount
Commercial Loans:
Balance, December 31, 2012	$	—	$	—	$	—
Charge-offs		—		—		—
Loans transferred to other real estate owned		—		—		—
Payments		—		—		—
Balance, June 30, 2013	$	—	$	—	$	—
	Carrying Value		Credit Fair Value Adjustment		Net Amount
Commercial Loans:
Balance, December 31, 2011	$	211	$	211	$	—
Charge-offs		—		—		—
Loans transferred to other real estate owned		—		—		—
Payments		3		3		—
Balance, June 30, 2012	$	208	$	208	$	—