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Loans (Tables)
 12 Months Ended
Dec. 31, 2013
Loans [Abstract]  
Composition Of Loan Portfolio
The composition of the loan portfolio as of the periods indicated is as follows:
 
December 31, 2013

December 31, 2012
 
Dollar Amount

Percent of Total

Dollar Amount

Percent of Total
(In Thousands)



Commercial

$300,338


39.0
 %


$273,432


38.8
 %
Real estate construction one-to-four family
30,161


3.9
 %

32,573


4.6
 %
Real estate construction other
32,599


4.2
 %

21,061


3.0
 %
Real estate term owner occupied
91,098


11.8
 %

78,107


11.1
 %
Real estate term non-owner occupied
255,324


33.2
 %

234,643


33.3
 %
Real estate term other
29,976


3.9
 %

31,809


4.5
 %
Consumer secured by 1st deeds of trust
16,483


2.1
 %

17,714


2.5
 %
Consumer other
18,058


2.3
 %

18,305


2.6
 %
Subtotal

$774,037


 


$707,644


 
Less: Unearned origination fee,
 

 

 

 
net of origination costs
(4,021
)

(0.5
)%

(3,431
)

(0.5
)%
Total loans

$770,016


 


$704,213


 
Loan Portfolio Segmented By Risk Class
The loan portfolio segmented by risk class at December 31, 2013 and 2012, respectively, is shown below:
(In Thousands)
Commercial

Real estate construction one-to-four family

Real estate construction other

Real estate term owner occupied

Real estate term non-owner occupied

Real estate term other

Consumer secured by 1st deeds of trust

Consumer other

Total
December 31, 2013
 

 

 

 

 

 

 

 

 
AQR Pass

$293,803



$28,227



$31,633



$84,191



$251,384



$28,684



$15,877



$17,694



$751,493

AQR Special Mention
6,022


1,934


966


6,235


2,620


—


397


196


18,370

AQR Substandard
513


—


—


672


1,320


1,292


209


168


4,174

AQR Doubtful
—


—


—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—


—


—

Subtotal

$300,338



$30,161



$32,599



$91,098



$255,324



$29,976



$16,483



$18,058



$774,037

Less: Unearned origination fees, net of origination costs

 

 

(4,021
)
        Total loans
 

 

 

 

 

 

 

 


$770,016

December 31, 2012
 

 

 

 

 

 

 

 

 
AQR Pass

$265,562



$28,780



$21,061



$73,985



$230,010



$28,304



$16,911



$17,817



$682,430

AQR Special Mention
6,064


1,282


—


2,522


2,546


126


620


238


13,398

AQR Substandard
1,597


2,511


—


1,600


2,087


3,379


183


250


11,607

AQR Doubtful
189


—


—


—


—


—


—


—


189

AQR Loss
20


—


—


—


—


—


—


—


20

Subtotal

$273,432



$32,573



$21,061



$78,107



$234,643



$31,809



$17,714



$18,305



$707,644

Less: Unearned origination fees, net of origination costs

 

 

(3,431
)
        Total loans
 

 

 

 

 

 

 

 


$704,213
Nonaccrual Loans By Segment
Nonaccrual loans at the periods indicated, by segment are presented below:
(In  Thousands)
December 31, 2013

December 31, 2012
Commercial

$222



$1,214

Real estate construction one-to-four family
—


1,264

Real estate construction other
—


—

Real estate term owner occupied
—


—

Real estate term non-owner occupied
151


185

Real estate term other
1,136


1,451

Consumer secured by 1st deeds of trust
187


183

Consumer other
119


234

Total

$1,815



$4,531
Past Due Loans And Nonaccrual Loans
Past due loans and nonaccrual loans at the periods indicated are presented below by loan class:
(In Thousands)
30-59 Days
Past Due
Still
Accruing

60-89 Days
Past Due
Still
Accruing

Greater Than
90 Days
Still
Accruing

Nonaccrual

Total Past
Due

Current

Total
December 31, 2013
 

 

 

 

 

 

 
AQR Pass

$672



$—



$—



$127



$799



$750,694



$751,493

AQR Special Mention
385


—


—


—


385


17,985


18,370

AQR Substandard
—


—


—


1,688


1,688


2,486


4,174

AQR Doubtful
—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—

Subtotal

$1,057



$—



$—



$1,815



$2,872



$771,165



$774,037

Less: Unearned origination fees,  net of origination costs

 


 


(4,021
)
     Total
 


 


 


 


 


 



$770,016

December 31, 2012
 

 

 

 

 

 

 
AQR Pass

$401



$—



$—



$—



$401



$682,029



$682,430

AQR Special Mention
534


—


—


596


1,130


12,268


13,398

AQR Substandard
—


—


—


3,726


3,726


7,881


11,607

AQR Doubtful
—


—


—


189


189


—


189

AQR Loss
—


—


—


20


20


—


20

Subtotal

$935



$—



$—



$4,531



$5,466



$702,178



$707,644

Less: Unearned origination fees,  net of origination costs

 


 


(3,431
)
     Total
 


 


 


 


 


 



$704,213
Impaired Loans
The following table presents information about impaired loans by class for the years ended December 31, 2013 and 2012:
(In Thousands)
Recorded Investment

Unpaid Principal Balance

Related Allowance
December 31, 2013
 

 

 
With no related allowance recorded
 

 

 
Commercial - AQR pass

$181



$181



$—

Commercial - AQR special mention
314


314


—

Commercial - AQR substandard
343


488


—

Real estate construction one-to-four family - AQR special mention
353


353


—

Real estate construction other - AQR pass
1,686


1,686


—

Real estate construction other - AQR special mention
834


834


—

Real estate term owner occupied- AQR pass
512


512


—

Real estate term owner occupied- AQR special mention
484


484


—

Real estate term owner occupied- AQR substandard
672


672


—

Real estate term non-owner occupied- AQR special mention
786


786


—

Real estate term non-owner occupied- AQR substandard
955


955


—

Real estate term other - AQR substandard
1,292


1,571


—

Consumer secured by 1st deeds of trust - AQR pass
88


88


—

Consumer other - AQR substandard
65


65


—

          Subtotal

$8,565



$8,989



$—

With an allowance recorded
 

 

 
Consumer secured by 1st deeds of trust - AQR substandard

$186



$186



$11

  Subtotal

$186



$186



$11

Commercial - AQR pass

$181



$181



$—

Commercial - AQR special mention
314


314


—

Commercial - AQR substandard
343


488


—

Real estate construction one-to-four family - AQR special mention
353


353


—

Real estate construction other - AQR pass
1,686


1,686


—

Real estate construction other - AQR special mention
834


834


—

Real estate term owner-occupied - AQR pass
512


512


—

Real estate term owner-occupied - AQR special mention
484


484


—

Real estate term owner-occupied - AQR substandard
672


672


—

Real estate term non-owner occupied - AQR special mention
786


786


—

Real estate term non-owner occupied - AQR substandard
955


955


—

Real estate term other - AQR substandard
1,292


1,571


—

Consumer secured by 1st deeds of trust - AQR pass
88


88


—

Consumer secured by 1st deeds of trust - AQR substandard
186


186


11

Consumer other - AQR substandard
65


65


—

  Total

$8,751



$9,175



$11

(In Thousands)
Recorded Investment
 
Unpaid Principal Balance
 
Related Allowance
December 31, 2012
 

 

 
With no related allowance recorded
 

 

 
Commercial - AQR pass

$53



$53



$—

Commercial - AQR special mention
332


332


—

Commercial - AQR substandard
981


1,064


—

Real estate construction one-to-four family - AQR special mention
470


470


—

Real estate construction other - AQR pass
2,748


2,748




Real estate term owner occupied - AQR special mention
1,083


1,083


—

Real estate term non-owner occupied - AQR special mention
555


555


—

Real estate term non-owner occupied - AQR substandard
1,705


1,705


—

Real estate term other - AQR special mention
126


205


—

Real estate term other - AQR substandard
3,379


3,659


—

Consumer secured by 1st deeds of trust - AQR pass
93


93


—

Consumer other - AQR doubtful
158


240


—

  Subtotal

$11,683



$12,207



$—

With an allowance recorded
 

 

 
Commercial - AQR substandard

$427



$427



$284

Commercial - AQR doubtful
189


189


160

Real estate construction one-to-four family - AQR doubtful
794


794


215

         Subtotal

$1,410



$1,410



$659

Commercial - AQR pass

$53



$53



$—

Commercial - AQR special mention
332


332


—

Commercial - AQR substandard
1,408


1,491


284

Commercial - AQR doubtful
189


189


160

Real estate construction one-to-four family - AQR special mention
470


470


—

Real estate construction one-to-four family - AQR doubtful
794


794


215

Real estate construction other - AQR pass
2,748


2,748


—

Real estate term owner occupied - AQR special mention
1,083


1,083


—

Real estate term non-owner occupied - AQR special mention
555


555


—

Real estate term non-owner occupied - AQR substandard
1,705


1,705


—

Real estate term other - AQR special mention
126


205


—

Real estate term other - AQR substandard
3,379


3,659


—

Consumer secured by 1st deeds of trust - AQR pass
93


93


—

Consumer other - AQR doubtful
158


240


—

  Total

$13,093



$13,617



$659
Newly Restructured Loans
The following table presents December 31, 2013 balances of loans that were restructured during 2013:
 
Accrual Status

Nonaccrual Status

Total Modifications
(In Thousands)


New Troubled Debt Restructurings
 

 

 
Real estate construction one-to-four family - AQR special mention

$353



$—



$353

Real estate owner occupied - AQR special mention
282


—


282

Subtotal

$635



$—



$635

Existing Troubled Debt Restructurings
6,000


1,277


7,277

Total

$6,635



$1,277



$7,912
Newly Restructured Loans By Concession
The following table presents December 31, 2013 balances of loans that were restructured during 2013 by concession (terms modified):
(In Thousands)
Number of Contracts

Rate Modification

Term Modification

Payment Modification

Combination Modification

Total Modifications
Pre-Modification Outstanding Recorded Investment:

 
Real estate construction one-to-four family - AQR special mention
1


$—



$—



$353



$—



$353

Real estate term owner occupied - AQR special mention
1

—


283


—


—


283

Total
2


$—



$283



$353



$—



$636

Post-Modification Outstanding Recorded Investment:
 
 
Real estate construction one-to-four family - AQR special mention
1


$—



$—



$353



$—



$353

Real estate term owner occupied - AQR special mention
1

—


282


—


—


282

Total
2


$—



$282



$353



$—



$635
Troubled Debt Restructurings That Subsequently Defaulted
The following table presents loans that were restructured during 2013, 2012, and 2011, respectively, that also defaulted subsequent to restructuring in those same periods:
 
December 31, 2013
December 31, 2012
December 31, 2011
 
Number of Contracts
Recorded Investment
Number of Contracts
Recorded Investment
Number of Contracts
Recorded Investment
(In  Thousands)
Troubled Debt Restructurings that Subsequently Defaulted:
 
 
Commercial - AQR special mention
—

$—

—

$—


$—


$—

Commercial - AQR substandard
—
—

2
300

—

—

Real estate construction one-to-four family - AQR substandard
—
—

1
794

—

—

Real estate term owner occupied - AQR special mention
—
—

—
—

—

—

Real estate term non-owner occupied - AQR substandard
—
—

1
846

—

—

Real estate term other - AQR substandard
—
—

1
1,044

—

—

Consumer secured by 1st deeds of trust - AQR pass
—
—

1
93

—

—

Total
—

$—

6

$3,077


$—


$—
Analysis Of Loan Transactions
Certain directors, and companies of which directors are principal owners, have loans and other transactions such as architectural fees with the Company.  Such transactions are made on substantially the same terms, including interest rates and collateral required, as those prevailing for similar transactions of unrelated parties.  An analysis of the loan transactions follows:
(In Thousands)
2013

2012
Balance, beginning of the year

$373



$402

Loans made
2,439


210

Repayments
476


239

Balance, end of year

$2,336



$373