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Loans and Allowance (Tables)
 6 Months Ended
Jun. 30, 2015
Loans and Allowance [Abstract]  
Schedule of Classes of Loans

Classes of loans at June 30, 2015 and December 31, 2014 include:    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

2015

 

2014

Real estate

 

 

 

 

 

Commercial

$
203,767 

 

$
198,019 

Commercial construction and development

 
29,940 

 

 
33,102 

Consumer closed end first mortgage

 
505,189 

 

 
517,063 

Consumer open end and junior liens

 
69,640 

 

 
71,073 

 

 
808,536 

 

 
819,257 

Other loans

 

 

 

 

 

Consumer loans

 

 

 

 

 

Auto

 
15,072 

 

 
14,712 

Boat/RVs

 
112,583 

 

 
94,761 

Other

 
5,134 

 

 
5,184 

Commercial and industrial

 
101,640 

 

 
88,474 

 

 
234,429 

 

 
203,131 

Total loans

 
1,042,965 

 

 
1,022,388 

Undisbursed loans in process

 
(7,359)

 

 
(9,285)

Unamortized deferred loan costs, net

 
4,017 

 

 
3,583 

Allowance for loan losses

 
(12,906)

 

 
(13,168)

Net loans

$
1,026,717 

 

$
1,003,518 

 

Non-Accrual Loans Segregated by Class of Loans

 

Nonaccrual loans, segregated by class of loans, as of June 30, 2015 and December 31, 2014 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

2015

 

2014

Real estate

 

 

 

 

 

Commercial

$
2,049 

 

$
2,023 

Commercial construction and development

 

 -

 

 
209 

Consumer closed end first mortgage

 
3,111 

 

 
3,499 

Consumer open end and junior liens

 
939 

 

 
658 

Consumer loans

 

 

 

 

 

Auto

 
2 

 

 

 -

Boat/RVs

 
139 

 

 
191 

Other

 
18 

 

 
27 

Commercial and industrial

 
58 

 

 
605 

 

$
6,316 

 

$
7,212 

 

Age Analysis of Past Due Loans Segregated by Class of Loans

 

An age analysis of the Company’s past due loans, segregated by class of loans, as of June 30, 2015 and December 31, 2014 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

90 Days or More Past Due

 

 

Total Past Due

 

 

Current

 

 

Total Loans Receivable

 

 

Total Loans 90 Days or More and Accruing

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
1,894 

 

$
206 

 

$
799 

 

$
2,899 

 

$
200,868 

 

$
203,767 

 

$

 -

Commercial construction and development

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 
29,940 

 

 
29,940 

 

 

 -

Consumer closed end first mortgage

 
6,541 

 

 
611 

 

 
2,418 

 

 
9,570 

 

 
495,619 

 

 
505,189 

 

 
207 

Consumer open end and junior liens

 
986 

 

 
68 

 

 
398 

 

 
1,452 

 

 
68,188 

 

 
69,640 

 

 

 -

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 
41 

 

 
2 

 

 
2 

 

 
45 

 

 
15,027 

 

 
15,072 

 

 

 -

Boat/RVs

 
390 

 

 
100 

 

 
132 

 

 
622 

 

 
111,961 

 

 
112,583 

 

 

 -

Other

 
39 

 

 
20 

 

 
12 

 

 
71 

 

 
5,063 

 

 
5,134 

 

 

 -

Commercial and industrial

 
569 

 

 
44 

 

 
24 

 

 
637 

 

 
101,003 

 

 
101,640 

 

 

 -

 

$
10,460 

 

$
1,051 

 

$
3,785 

 

$
15,296 

 

$
1,027,669 

 

$
1,042,965 

 

$
207 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

30-59 Days Past Due

 

 

60-89 Days Past Due

 

 

90 Days or More Past Due

 

 

Total Past Due

 

 

Current

 

 

Total Loans Receivable

 

 

Total Loans 90 Days or More and Accruing

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
1,308 

 

$
848 

 

$
325 

 

$
2,481 

 

$
195,538 

 

$
198,019 

 

$

 -

Commercial construction and development

 

 -

 

 

 -

 

 
209 

 

 
209 

 

 
32,893 

 

 
33,102 

 

 

 -

Consumer closed end first mortgage

 
8,144 

 

 
1,220 

 

 
2,160 

 

 
11,524 

 

 
505,539 

 

 
517,063 

 

 
226 

Consumer open end and junior liens

 
969 

 

 
130 

 

 
27 

 

 
1,126 

 

 
69,947 

 

 
71,073 

 

 

 -

Consumer loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 
65 

 

 

 -

 

 

 -

 

 
65 

 

 
14,647 

 

 
14,712 

 

 

 -

Boat/RVs

 
775 

 

 
158 

 

 
115 

 

 
1,048 

 

 
93,713 

 

 
94,761 

 

 

 -

Other

 
92 

 

 
27 

 

 
14 

 

 
133 

 

 
5,051 

 

 
5,184 

 

 

 -

Commercial and industrial

 
1,066 

 

 
176 

 

 
441 

 

 
1,683 

 

 
86,791 

 

 
88,474 

 

 

 -

 

$
12,419 

 

$
2,559 

 

$
3,291 

 

$
18,269 

 

$
1,004,119 

 

$
1,022,388 

 

$
226 

 

Impaired Loans

The following tables present impaired loans as of and for the three and six month periods ended June 30, 2015 and 2014 and the year ended December 31, 2014.  There were no loans with a specific valuation allowance as of June 30, 2015 and 2014, respectively, and December 31, 2014.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

Recorded Balance

 

Unpaid Principal Balance

 

Specific Allowance

 

Average Investment in Impaired Loans - Quarter

 

Average Investment in Impaired Loans - YTD

 

Interest Income Recognized - Quarter

 

Interest Income Recognized - YTD

Loans without a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
5,169 

 

$
5,169 

 

$

 -

 

$
5,197 

 

$
5,109 

 

$
60 

 

$
116 

Commercial construction and development

 
649 

 

 
1,155 

 

 

 -

 

 
750 

 

 
810 

 

 
8 

 

 
15 

Consumer closed end first mortgage

 
1,603 

 

 
1,603 

 

 

 -

 

 
1,609 

 

 
1,452 

 

 

 -

 

 

 -

Commercial and industrial

 
224 

 

 
255 

 

 

 -

 

 
463 

 

 
561 

 

 
1 

 

 
2 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$
7,645 

 

$
8,182 

 

$

 -

 

$
8,019 

 

$
7,932 

 

$
69 

 

$
133 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

Recorded Balance

 

Unpaid Principal Balance

 

Specific Allowance

 

Average Investment in Impaired Loans

 

Interest Income Recognized

 

 

 

Loans without a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
4,933 

 

$
4,933 

 

$

 -

 

$
3,776 

 

$
161 

 

 

 

Commercial construction and development

 
931 

 

 
1,860 

 

 

 -

 

 
1,323 

 

 
30 

 

 

 

Consumer closed end first mortgage

 
1,138 

 

 
1,138 

 

 

 -

 

 
1,142 

 

 
8 

 

 

 

Consumer open end and junior liens

 

 -

 

 

 -

 

 

 -

 

 
100 

 

 
3 

 

 

 

Commercial and industrial

 
758 

 

 
789 

 

 

 -

 

 
923 

 

 
12 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$
7,760 

 

$
8,720 

 

$

 -

 

$
7,264 

 

$
214 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

Recorded Balance

 

Unpaid Principal Balance

 

Specific Allowance

 

Average Investment in Impaired Loans - Quarter

 

Average Investment in Impaired Loans - YTD

 

Interest Income Recognized - Quarter

 

Interest Income Recognized - YTD

Loans without a specific valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$
2,863 

 

$
2,863 

 

$

 -

 

$
2,907 

 

$
2,988 

 

$
33 

 

$
65 

Commercial construction and development

 
1,272 

 

 
2,643 

 

 

 -

 

 
1,424 

 

 
1,495 

 

 
8 

 

 
15 

Consumer closed end first mortgage

 
847 

 

 
847 

 

 

 -

 

 
851 

 

 
978 

 

 
3 

 

 
5 

Consumer open end and junior liens

 

 -

 

 

 -

 

 

 -

 

 
125 

 

 
167 

 

 
1 

 

 
3 

Commercial and industrial

 
748 

 

 
922 

 

 

 -

 

 
954 

 

 
1,032 

 

 
5 

 

 
11 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$
5,730 

 

$
7,275 

 

$

 -

 

$
6,261 

 

$
6,660 

 

$
50 

 

$
99 

 

Commercial and Retail Credit Exposure Credit Risk Profile by Internal Rating

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

 

 

 

 

 

Commercial Credit Exposure Credit Risk Profile

 

 

 

 

 

 

Internal Rating

 

Real Estate

 

 

Construction and Development

 

Commercial and Industrial

 

 

 

 

 

 

Pass

 

$
193,341 

 

$
27,596 

 

$
99,725 

 

 

 

 

 

 

Special Mention

 

 
3,265 

 

 
1,490 

 

 
1,468 

 

 

 

 

 

 

Substandard

 

 
7,161 

 

 
854 

 

 
447 

 

 

 

 

 

 

Doubtful

 

 

 -

 

 

 -

 

 

 -

 

 

 

 

 

 

Total

 

$
203,767 

 

$
29,940 

 

$
101,640 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Credit Exposure Credit Risk Profile

Internal Rating

 

Closed End First Mortgage

 

Real Estate Open End and Junior Liens

 

Auto

 

Boat/RV

 

Other

Pass

 

$
498,753 

 

$
68,624 

 

$
15,063 

 

$
112,337 

 

$
5,109 

Special Mention

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Substandard

 

 
6,436 

 

 
1,016 

 

 
9 

 

 
246 

 

 
25 

Total

 

$
505,189 

 

$
69,640 

 

$
15,072 

 

$
112,583 

 

$
5,134 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

Commercial Credit Exposure Credit Risk Profile

 

 

 

 

 

 

Internal Rating

 

Real Estate

 

 

Construction and Development

 

Commercial and Industrial

 

 

 

 

 

 

Pass

 

$
187,436 

 

$
30,422 

 

$
84,746 

 

 

 

 

 

 

Special Mention

 

 
3,316 

 

 
1,721 

 

 
439 

 

 

 

 

 

 

Substandard

 

 
7,267 

 

 
959 

 

 
2,848 

 

 

 

 

 

 

Doubtful

 

 

 -

 

 

 -

 

 
441 

 

 

 

 

 

 

Total

 

$
198,019 

 

$
33,102 

 

$
88,474 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Credit Exposure Credit Risk Profile

Internal Rating

 

Closed End First Mortgage

 

Real Estate Open End and Junior Liens

 

Auto

 

Boat/RV

 

Other

Pass

 

$
509,765 

 

$
70,299 

 

$
14,704 

 

$
94,377 

 

$
5,125 

Special Mention

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Substandard

 

 
7,298 

 

 
774 

 

 
8 

 

 
384 

 

 
59 

Total

 

$
517,063 

 

$
71,073 

 

$
14,712 

 

$
94,761 

 

$
5,184 

 

Activity in Allowance for Loan Losses by Portfolio Segment

The following table details activity in the allowance for loan losses by portfolio segment for the three and six month periods ended June 30, 2015 and 2014 and year ended December 31, 2014.  Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other segments.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2015

 

Commercial

 

Mortgage

 

Consumer

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

$
6,894 

 

$
3,567 

 

$
2,756 

 

$
13,217 

Provision charged (credited) to expense

 
(201)

 

 
48 

 

 
153 

 

 

 -

Losses charged off

 

 -

 

 
(297)

 

 
(205)

 

 
(502)

Recoveries

 
132 

 

 

 -

 

 
59 

 

 
191 

Balance, end of period

$
6,825 

 

$
3,318 

 

$
2,763 

 

$
12,906 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2015

 

Commercial

 

Mortgage

 

Consumer

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

$
7,085 

 

$
3,471 

 

$
2,612 

 

$
13,168 

Provision charged (credited) to expense

 
(597)

 

 
236 

 

 
361 

 

 

 -

Losses charged off

 

 -

 

 
(390)

 

 
(322)

 

 
(712)

Recoveries

 
337 

 

 
1 

 

 
112 

 

 
450 

Balance, end of period

$
6,825 

 

$
3,318 

 

$
2,763 

 

$
12,906 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 -

 

$

 -

 

$

 -

 

$

 -

Collectively evaluated for impairment

 
6,825 

 

 
3,318 

 

 
2,763 

 

 
12,906 

Total allowance for loan losses

$
6,825 

 

$
3,318 

 

$
2,763 

 

$
12,906 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$
6,042 

 

$
1,603 

 

$

 -

 

$
7,645 

Collectively evaluated for impairment

 
329,305 

 

 
503,586 

 

 
202,429 

 

 
1,035,320 

Total Loans

$
335,347 

 

$
505,189 

 

$
202,429 

 

$
1,042,965 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2014

 

Commercial

 

Mortgage

 

Consumer

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

$
8,148 

 

$
3,124 

 

$
2,140 

 

$
13,412 

Provision charged (credited) to expense

 
(1,273)

 

 
888 

 

 
1,235 

 

 
850 

Losses charged off

 
(289)

 

 
(572)

 

 
(1,021)

 

 
(1,882)

Recoveries

 
499 

 

 
31 

 

 
258 

 

 
788 

Balance, end of period

$
7,085 

 

$
3,471 

 

$
2,612 

 

$
13,168 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 -

 

$

 -

 

$

 -

 

$

 -

Collectively evaluated for impairment

 
7,085 

 

 
3,471 

 

 
2,612 

 

 
13,168 

Total allowance for loan losses

$
7,085 

 

$
3,471 

 

$
2,612 

 

$
13,168 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2014

 

Commercial

 

Mortgage

 

Consumer

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

$
7,899 

 

$
3,305 

 

$
2,166 

 

$
13,370 

Provision charged to expense

 
78 

 

 
208 

 

 
214 

 

 
500 

Losses charged off

 
(244)

 

 
(170)

 

 
(351)

 

 
(765)

Recoveries

 
30 

 

 
1 

 

 
107 

 

 
138 

Balance, end of period

$
7,763 

 

$
3,344 

 

$
2,136 

 

$
13,243 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2014

 

Commercial

 

Mortgage

 

Consumer

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of year

$
8,148 

 

$
3,124 

 

$
2,140 

 

$
13,412 

Provision charged (credited) to expense

 
(187)

 

 
465 

 

 
572 

 

 
850 

Losses charged off

 
(244)

 

 
(250)

 

 
(718)

 

 
(1,212)

Recoveries

 
46 

 

 
5 

 

 
142 

 

 
193 

Balance, end of period

$
7,763 

 

$
3,344 

 

$
2,136 

 

$
13,243 

Ending balance:

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

 -

 

$

 -

 

$

 -

 

$

 -

Collectively evaluated for impairment

 
7,763 

 

 
3,344 

 

 
2,136 

 

 
13,243 

Total allowance for loan losses

$
7,763 

 

$
3,344 

 

$
2,136 

 

$
13,243 

 

 

 

 

Information on Non-Performing Assets

Information on non-performing assets, excluding performing restructured loans, is provided below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

2015

 

2014

Non-performing assets

 

 

Non-accrual loans

 

$
6,316 

 

$
5,762 

Accruing loans delinquent 90 days or more and past due

 

 
207 

 

 
348 

Total non-performing loans

 

 
6,523 

 

 
6,110 

Foreclosed real estate

 

 
1,726 

 

 
6,719 

Other repossessed assets

 

 
455 

 

 
379 

Total non-performing assets

 

$
8,704 

 

$
13,208 

 

Troubled Debts Restructured

The following tables describe troubled debts restructured during the three and six month periods ended June 30, 2015 and 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2015

 

No. of Loans

 

Pre-Modification Outstanding Recorded Balance

 

Post-Modification Outstanding Recorded Balance

Real estate

 

 

 

 

 

 

 

Commercial
1 

 

$
820 

 

$
820 

Consumer closed end first mortgage
2 

 

 
86 

 

 
85 

 

 

 

 

 

 

 

 

 

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2014

 

No. of Loans

 

Pre-Modification Outstanding Recorded Balance

 

Post-Modification Outstanding Recorded Balance

Real estate

 

 

 

 

 

 

 

Commercial
1 

 

$
250 

 

$
250 

Consumer closed end first mortgage
7 

 

 
367 

 

 
380 

Commercial and industrial
2 

 

 
193 

 

 
223 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2015

 

No. of Loans

 

Pre-Modification Outstanding Recorded Balance

 

Post-Modification Outstanding Recorded Balance

Real estate

 

 

 

 

 

 

 

Commercial
3 

 

$
1,992 

 

$
1,990 

Construction and development
1 

 

 
155 

 

 
134 

Consumer closed end first mortgage
5 

 

 
242 

 

 
239 

Commercial and industrial
1 

 

 
88 

 

 
83 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2014

 

No. of Loans

 

Pre-Modification Outstanding Recorded Balance

 

Post-Modification Outstanding Recorded Balance

Real estate

 

 

 

 

 

 

 

Commercial
1 

 

$
250 

 

$
250 

Consumer closed end first mortgage
10 

 

 
748 

 

 
774 

Commercial and industrial
2 

 

 
193 

 

 
223 

 

Newly Restructured Loans by Types

Newly restructured loans by type for the three and six months ended June 30, 2015 and 2014 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2015

 

 

Interest Only

 

 

Term

 

 

Combination

 

 

Total Modification

Real Estate

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 -

 

$
820 

 

$

 -

 

$
820 

Consumer closed end first mortgage

 

 -

 

 

 -

 

 
85 

 

 
85 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2014

 

 

Interest Only

 

 

Term

 

 

Combination

 

 

Total Modification

Real Estate

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 -

 

$

 -

 

$
250 

 

$
250 

Consumer closed end first mortgage

 

 -

 

 
18 

 

 
362 

 

 
380 

Commercial and industrial

 

 -

 

 
223 

 

 

 -

 

 
223 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2015

 

 

Interest Only

 

 

Term

 

 

Combination

 

 

Total Modification

Real Estate

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 -

 

$
1,990 

 

$

 -

 

$
1,990 

Construction and development

 

 -

 

 

 -

 

 
134 

 

 
134 

Consumer closed end first mortgage

 

 -

 

 

 -

 

 
239 

 

 
239 

Commercial and industrial

 

 -

 

 
83 

 

 

 -

 

 
83 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2014

 

 

Interest Only

 

 

Term

 

 

Combination

 

 

Total Modification

Real Estate

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

 -

 

$

 -

 

$
250 

 

$
250 

Consumer closed end first mortgage

 

 -

 

 
18 

 

 
756 

 

 
774 

Commercial and industrial

 

 -

 

 
223 

 

 

 -

 

 
223 

 

Troubled Debts Restructured Defaulted

Defaults of any loans modified as troubled debt restructurings made in the three and six months ended June 30, 2014 are listed in the table below.  There were no defaults on loans modified as troubled debt restructurings made in the three and six months ended June 30, 2015.  Defaults are defined as any loans that become 90 days past due.    

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2014

 

No. of Loans

 

Post-Modification Outstanding Recorded Balance

Real Estate

 

 

 

 

Consumer closed end first mortgage
1 

 

$
340 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2014

 

No. of Loans

 

Post-Modification Outstanding Recorded Balance

Real Estate

 

 

 

 

Consumer closed end first mortgage
3 

 

$
432 

Consumer open end and junior liens
1 

 

 
23