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Loans and Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2012
Loans and Allowance for Loan Losses [Abstract]  
Allowance for Loan Losses and Recorded Investment in Loans Receivable

Allowance for Loan Losses and Recorded Investment in Loans Receivable
 
 
 
As of and for the Year Ended December 31, 2012
 
 
 
 
(In thousands)
 
Commercial
and
Industrial
 
 
Commercial
Real
Estate
 
 
Construction
and Land
 
 
Consumer
 
 
Residential
Real
Estate
 
 
Home
Equity
Line of
Credit
 
 
Unallocated
 
 
Total
 
Allowance for Loan Losses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance at 12/31/2011
 
$
795
 
 
$
2,899
 
 
$
195
 
 
$
31
 
 
$
1,584
 
 
$
698
 
 
$
526
 
 
$
6,728
 
Charge-offs
 
 
(526
)
 
 
(5,004
)
 
 
-
 
 
 
(117
)
 
 
(126
)
 
 
(536
)
 
 
-
 
 
 
(6,309
)
Recoveries
 
 
7
 
 
 
9
 
 
 
-
 
 
 
14
 
 
 
2
 
 
 
-
 
 
 
-
 
 
 
32
 
Provision
 
 
656
 
 
 
3,781
 
 
 
207
 
 
 
112
 
 
 
231
 
 
 
1,174
 
 
 
(354)
 
 
 
5,807
 
Ending balance at 12/31/2012
 
$
932
 
 
$
1,685
 
 
$
402
 
 
$
40
 
 
$
1,691
 
 
$
1,336
 
 
$
172
 
 
$
6,258
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balances individually  evaluated for impairment
 
$
428
 
 
$
-
 
 
$
293
 
 
$
-
 
 
$
176
 
 
$
112
 
 
$
-
 
 
$
1,009
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balances collectively  evaluated for impairment
 
$
504
 
 
$
1,685
 
 
$
109
 
 
$
40
 
 
$
1,515
 
 
$
1,224
 
 
$
172
 
 
$
5,249
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Receivable
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
674
 
 
$
9,612
 
 
$
4,175
 
 
$
4
 
 
$
2,372
 
 
$
228
 
 
 
 
 
 
$
17,065
 
Collectively evaluated for impairment
 
 
26,466
 
 
 
183,393
 
 
 
35,870
 
 
 
9,557
 
 
 
134,218
 
 
 
44,797
 
 
 
 
 
 
 
434,301
 
Ending balance at 12/31/2012
 
$
27,140
 
 
$
193,005
 
 
$
40,045
 
 
$
9,561
 
 
$
136,590
 
 
$
45,025
 
 
 
 
 
 
$
451,366
 
 
 
 
As of and for the Year Ended December 31, 2011
 
 
 
 
(In thousands)
 
Commercial
and
Industrial
 
 
Commercial
Real
Estate
 
 
Construction
and Land
 
 
Consumer
 
 
Residential
Real
Estate
 
 
Home
Equity
Line of
Credit
 
 
Unallocated
 
 
Total
 
Allowance for Loan Losses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance at 12/31/2010
 
$
793
 
 
$
2,321
 
 
$
150
 
 
$
314
 
 
$
1,623
 
 
$
1,106
 
 
$
-
 
 
$
6,307
 
Charge-offs
 
 
(599
)
 
 
-
 
 
 
-
 
 
 
(60
)
 
 
(597
)
 
 
(472
)
 
 
-
 
 
 
(1,728
)
Recoveries
 
 
12
 
 
 
161
 
 
 
-
 
 
 
40
 
 
 
-
 
 
 
3
 
 
 
-
 
 
 
216
 
Provision
 
 
589
 
 
 
417
 
 
 
45
 
 
 
(263
)
 
 
558
 
 
 
61
 
 
 
526
 
 
 
1,933
 
Ending balance at 12/31/2011
 
$
795
 
 
$
2,899
 
 
$
195
 
 
$
31
 
 
$
1,584
 
 
$
698
 
 
$
526
 
 
$
6,728
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balances individually  evaluated for impairment
 
$
435
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
208
 
 
$
37
 
 
$
-
 
 
$
680
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balances collectively  evaluated for impairment
 
$
360
 
 
$
2,899
 
 
$
195
 
 
$
31
 
 
$
1,376
 
 
$
661
 
 
$
526
 
 
$
6,048
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans Receivable
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
1,030
 
 
$
4,456
 
 
$
 -
 
 
$
 -
 
 
$
3,324
 
 
$
565
 
 
 
 
 
 
$
9,375
 
Collectively evaluated for impairment
 
 
28,031
 
 
 
196,964
 
 
 
38,112
 
 
 
5,451
 
 
 
135,722
 
 
 
45,159
 
 
 
 
 
 
 
449,439
 
Ending balance at 12/31/2011
 
$
29,061
 
 
$
201,420
 
 
$
38,112
 
 
$
5,451
 
 
$
139,046
 
 
$
45,724
 
 
 
 
 
 
$
458,814
 
 
  
As of and for
the Year Ended
December 31
 
(In thousands)
 
2010
 
Balance at beginning of year
 
$
5,482
 
Provision for loan losses
 
 
2,075
 
Recoveries of loans previously charged-off
 
 
95
 
Loan losses charged-off
 
 
(1,345
)
Balance at end of year
 
$
6,307
 
 
 
 
 
 
Impaired loans for which an allowance has been provided
 
$
979
 
Impaired loans for which no allowance has been provided
 
 
446
 
 
 
$
1,425
 
 
 
 
 
 
Allowance provided for impaired loans, included in the allowance for loan losses
 
$
791
 
 
 
 
 
 
Average balance in impaired loans
 
$
1,508
 
Credit Quality Indicators
Credit Quality Indicators

   
As of December 31, 2012
 
(In thousands)
 
Commercial
and
Industrial
 
 
Commercial
Real Estate
 
 
Construction
and Land
 
 
Consumer
 
 
Residential
Real Estate
 
 
Home Equity
Line of
Credit
 
 
Total
 
Grade:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
 
$
21,704
 
 
$
152,483
 
 
$
35,871
 
 
$
9,552
 
 
$
120,451
 
 
$
40,189
 
 
$
380,250
 
Special mention
 
 
2,635
 
 
 
21,455
 
 
 
-
 
 
 
-
 
 
 
9,016
 
 
 
2,878
 
 
 
35,984
 
Substandard
 
 
2,391
 
 
 
19,067
 
 
 
4,038
 
 
 
9
 
 
 
6,456
 
 
 
1,958
 
 
 
33,919
 
Doubtful
 
 
410
 
 
 
-
 
 
 
136
 
 
 
-
 
 
 
667
 
 
 
-
 
 
 
1,213
 
Loss
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Total
 
$
27,140
 
 
$
193,005
 
 
$
40,045
 
 
$
9,561
 
 
$
136,590
 
 
$
45,025
 
 
$
451,366
 

 
 
As of December 31, 2011
 
(In thousands)
 
Commercial
and
Industrial
 
 
Commercial
Real Estate
 
 
Construction
and Land
 
 
Consumer
 
 
Residential
Real Estate
 
 
Home Equity
Line of
Credit
 
 
Total
 
Grade:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
 
$
20,795
 
 
$
149,140
 
 
$
38,112
 
 
$
5,289
 
 
$
128,182
 
 
$
42,532
 
 
$
384,050
 
Special mention
 
 
2,901
 
 
 
27,415
 
 
 
-
 
 
 
83
 
 
 
3,422
 
 
 
1,067
 
 
 
34,888
 
Substandard
 
 
4,815
 
 
 
24,795
 
 
 
-
 
 
 
79
 
 
 
6,262
 
 
 
2,014
 
 
 
37,965
 
Doubtful
 
 
550
 
 
 
70
 
 
 
-
 
 
 
-
 
 
 
1,180
 
 
 
111
 
 
 
1,911
 
Loss
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Total
 
$
29,061
 
 
$
201,420
 
 
$
38,112
 
 
$
5,451
 
 
$
139,046
 
 
$
45,724
 
 
$
458,814
 
Age Analysis of Past Due Loans Receivable

Age Analysis of Past Due Loans Receivable

 
 
As of December 31, 2012
 
(In thousands)
 
30-59
Days
Past Due
 
 
60-89
Days
Past Due
 
 
Greater
than 90
Days
 
 
Total
Past
Due
 
 
Current
 
 
Total
Financing
Receivables
 
 
Carrying
Amount >
90
Days and
Accruing
 
 
Nonaccruals
 
Commercial and industrial
 
$
92
 
 
$
52
 
 
$
41
 
 
$
185
 
 
$
26,955
 
 
$
27,140
 
 
$
-
 
 
$
643
 
Commercial real estate
 
 
-
 
 
 
-
 
 
 
7,712
 
 
 
7,712
 
 
 
185,293
 
 
 
193,005
 
 
 
-
 
 
 
7,712
 
Construction and land
 
 
508
 
 
 
250
 
 
 
136
 
 
 
894
 
 
 
39,151
 
 
 
40,045
 
 
 
-
 
 
 
136
 
Consumer
 
 
39
 
 
 
10
 
 
 
5
 
 
 
54
 
 
 
9,507
 
 
 
9,561
 
 
 
1
 
 
 
4
 
Residential real estate
 
 
2,397
 
 
 
397
 
 
 
1,474
 
 
 
4,268
 
 
 
132,322
 
 
 
136,590
 
 
 
-
 
 
 
1,927
 
Home equity line of credit
 
 
1,424
 
 
 
-
 
 
 
311
 
 
 
1,735
 
 
 
43,290
 
 
 
45,025
 
 
 
131
 
 
 
228
 
Total
 
$
4,460
 
 
$
709
 
 
$
9,679
 
 
$
14,848
 
 
$
436,518
 
 
$
451,366
 
 
$
132
 
 
$
10,650
 

 
 
 
As of December 31, 2011
 
(In thousands)
 
30-59
Days
Past Due
 
60-89
Days Past
Due
 
Greater
than
90 Days
 
Total
Past
Due
 
 
Current
 
 
Total
Financing
Receivables
 
Carrying
Amount >
90
Days and
Accruing
 
Nonaccruals
 
Commercial and industrial
 
$
216
 
 
$
164
 
 
$
442
 
 
$
822
 
 
$
28,239
 
 
$
29,061
 
 
$
-
 
 
$
987
 
Commercial real estate
 
 
1,656
 
 
 
946
 
 
 
252
 
 
 
2,854
 
 
 
198,566
 
 
 
201,420
 
 
 
-
 
 
 
252
 
Construction and land
 
 
371
 
 
 
-
 
 
 
-
 
 
 
371
 
 
 
37,741
 
 
 
38,112
 
 
 
-
 
 
 
-
 
Consumer
 
 
139
 
 
 
29
 
 
 
18
 
 
 
186
 
 
 
5,265
 
 
 
5,451
 
 
 
-
 
 
 
4
 
Residential real estate
 
 
1,463
 
 
 
993
 
 
 
1,684
 
 
 
4,140
 
 
 
134,906
 
 
 
139,046
 
 
 
101
 
 
 
2,928
 
Home equity line of credit
 
 
348
 
 
 
150
 
 
 
54
 
 
 
552
 
 
 
45,172
 
 
 
45,724
 
 
 
-
 
 
 
450
 
Total
 
$
4,193
 
 
$
2,282
 
 
$
2,450
 
 
$
8,925
 
 
$
449,889
 
 
$
458,814
 
 
$
101
 
 
$
4,621
 
Impaired Loans Receivable
Impaired Loans Receivable

 
 
December 31, 2012
 
(In thousands)
 
Recorded
Investment
 
 
Unpaid
Principal
Balance
 
 
Related
Allowance
 
 
Average
Recorded
Investment
 
 
Interest
Income
Recognized
 
With no specific allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
109
 
 
$
109
 
 
$
-
 
 
$
136
 
 
$
2
 
Commercial real estate
 
 
12,523
 
 
 
9,612
 
 
 
-
 
 
 
11,613
 
 
 
650
 
Construction and land
 
 
3,711
 
 
 
3,711
 
 
 
-
 
 
 
4,134
 
 
 
200
 
Residential real estate
 
 
1,705
 
 
 
1,705
 
 
 
-
 
 
 
1,734
 
 
 
39
 
Home equity line of credit
 
 
47
 
 
 
47
 
 
 
-
 
 
 
47
 
 
 
1
 
Consumer
 
 
4
 
 
 
4
 
 
 
-
 
 
 
5
 
 
 
-
 
                                         
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
565
 
 
 
565
 
 
 
428
 
 
 
575
 
 
 
5
 
Commercial real estate
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Construction and land
 
 
464
 
 
 
464
 
 
 
293
 
 
 
594
 
 
 
21
 
Residential real estate
 
 
667
 
 
 
667
 
 
 
176
 
 
 
692
 
 
 
-
 
Home equity line of credit
 
 
181
 
 
 
181
 
 
 
112
 
 
 
180
 
 
 
3
 
Consumer
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
674
 
 
 
674
 
 
 
428
 
 
 
711
 
 
 
7
 
Commercial real estate
 
 
12,523
 
 
 
9,612
 
 
 
-
 
 
 
11,613
 
 
 
650
 
Construction and land
 
 
4,175
 
 
 
4,175
 
 
 
293
 
 
 
4,728
 
 
 
221
 
Residential real estate
 
 
2,372
 
 
 
2,372
 
 
 
176
 
 
 
2,426
 
 
 
39
 
Home equity line of credit
 
 
228
 
 
 
228
 
 
 
112
 
 
 
227
 
 
 
4
 
Consumer
 
 
4
 
 
 
4
 
 
 
-
 
 
 
5
 
 
 
-
 
Total
 
$
19,976
 
 
$
17,065
 
 
$
1,009
 
 
$
19,710
 
 
$
921
 
 
 
 
December 31, 2011
 
(In thousands)
 
Recorded
Investment
 
 
Unpaid
Principal
Balance
 
 
Related
Allowance
 
 
Average
Recorded
Investment
 
 
Interest
Income
Recognized
 
With no specific allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
346
 
 
$
346
 
 
$
-
 
 
$
364
 
 
$
17
 
Commercial real estate
 
 
4,456
 
 
 
4,456
 
 
 
-
 
 
 
4,516
 
 
 
377
 
Construction and land
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Residential real estate
 
 
1,585
 
 
 
1,585
 
 
 
-
 
 
 
1,624
 
 
 
30
 
Home equity line of credit
 
 
454
 
 
 
454
 
 
 
-
 
 
 
458
 
 
 
10
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
684
 
 
 
684
 
 
 
435
 
 
 
728
 
 
 
20
 
Commercial real estate
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Construction and land
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Residential real estate
 
 
1,739
 
 
 
1,739
 
 
 
208
 
 
 
1,797
 
 
 
50
 
Home equity line of credit
 
 
111
 
 
 
111
 
 
 
37
 
 
 
111
 
 
 
3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
1,030
 
 
 
1,030
 
 
 
435
 
 
 
1,092
 
 
 
37
 
Commercial real estate
 
 
4,456
 
 
 
4,456
 
 
 
-
 
 
 
4,516
 
 
 
377
 
Construction and land
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Residential real estate
 
 
3,324
 
 
 
3,324
 
 
 
208
 
 
 
3,421
 
 
 
80
 
Home equity line of credit
 
 
565
 
 
 
565
 
 
 
37
 
 
 
569
 
 
 
13
 
Total
 
$
9,375
 
 
$
9,375
 
 
$
680
 
 
$
9,598
 
 
$
507
 
 
Troubled Debt Restructurings
Troubled Debt Restructurings

 
 
Twelve Months Ended December 31, 2012
 
 
Twelve Months Ended December 31, 2011
 
 
 
 
 
 
Pre-Modification
 
 
Post-Modification
 
 
 
 
 
Pre-Modification
 
 
Post-Modification
 
 
 
Number
 
 
Outstanding
 
 
Outstanding
 
 
Number
 
 
Outstanding
 
 
Outstanding
 
 
 
of
 
 
Recorded
 
 
Recorded
 
 
of
 
 
Recorded
 
 
Recorded
 
(Dollars in thousands)
 
Contracts
 
 
Investment
 
 
Investment
 
 
Contracts
 
 
Investment
 
 
Investment
 
Troubled Debt Restructurings
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
2
 
 
$
435
 
 
$
435
 
 
 
2
 
 
$
436
 
 
$
436
 
Commercial real estate
 
 
2
 
 
 
3,683
 
 
 
3,683
 
 
 
-
 
 
 
-
 
 
 
-
 
Construction and Land
 
 
4
 
 
 
3,473
 
 
 
3,473
 
 
 
-
 
 
 
-
 
 
 
-
 
Consumer
 
 
 -
 
 
 
 -
 
 
 
 -
 
 
 
-
 
 
 
-
 
 
 
-
 
Residential real estate
 
 
 -
 
 
 
 -
 
 
 
 -
 
 
 
2
 
 
 
1,168
 
 
 
1,168
 
Home equity line of credit
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Troubled Debt Restructurings That Subsequently Defaulted
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
-
 
 
$
-
 
 
$
 -
 
 
 
-
 
 
$
-
 
 
$
-
 
Commercial real estate
 
 
 -
 
 
 
 -
 
 
 
 -
 
 
 
-
 
 
 
-
 
 
 
-
 
Construction and Land
 
 
 -
 
 
 
 -
 
 
 
 -
 
 
 
-
 
 
 
-
 
 
 
-
 
Consumer
 
 
 -
 
 
 
 -
 
 
 
 -
 
 
 
-
 
 
 
-
 
 
 
-
 
Residential real estate
 
 
 -
 
 
 
 -
 
 
 
 -
 
 
 
-
 
 
 
-
 
 
 
-
 
Home equity line of credit
 
 
 -
 
 
 
 -
 
 
 
 -
 
 
 
 -
 
 
 
 -
 
 
 
 -
 
Non-performing Assets, Restructured Loans Still Accruing, and Loans Contractually Past Due
Non-performing Assets, Restructured Loans Still Accruing, and Loans Contractually Past Due
 
(Dollars in thousands)
 
December 31,
2012
 
 
December 31,
2011
 
 
December 31,
2010
 
Non-accrual loans
 
$
10,650
 
 
$
4,621
 
 
$
2,109
 
Other real estate owned
 
 
1,406
 
 
 
1,776
 
 
 
2,821
 
Other repossessed assets owned
 
 
-
 
 
 
15
 
 
 
21
 
Non-performing corporate bond investments, at fair value
 
 
325
 
 
 
335
 
 
 
552
 
Total non-performing assets
 
 
12,381
 
 
 
6,747
 
 
 
5,503
 
Restructured loans still accruing
 
 
5,556
 
 
 
-
 
 
 
-
 
Loans past due 90 or more days and still accruing
 
 
132
 
 
 
101
 
 
 
263
 
Total non-performing and other risk assets
 
$
18,069
 
 
$
6,848
 
 
$
5,766
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses to total loans
 
 
1.39
%
 
 
1.47
%
 
 
1.35
%
Non-accrual loans to total loans
 
 
2.36
%
 
 
1.01
%
 
 
0.45
%
Allowance for loan losses to non-accrual loans
 
 
58.76
%
 
 
145.61
%
 
 
299.10
%
Total non-accrual loans and restructured loans still accruing to total loans
 
 
3.59
%
 
 
1.01
%
 
 
0.45
%
Allowance for loan losses to non-accrual loans and  restructured loans still accruing
 
 
38.62
%
 
 
145.61
%
 
 
299.10
%
Total non-performing assets to total assets
 
 
2.06
%
 
 
1.10
%
 
 
0.92
%