XML 139 R41.htm IDEA: XBRL DOCUMENT v2.4.1.9
Loans (Tables)
 12 Months Ended
Dec. 31, 2014
Loans [Abstract]  
Composition Of Loan Portfolio
The composition of the loan portfolio as of the periods indicated is as follows:
 
December 31, 2014

December 31, 2013
 
Dollar Amount

Percent of Total

Dollar Amount

Percent of Total
(In Thousands)



Commercial

$306,543


33.2
 %


$300,338


39.0
 %
Real estate construction one-to-four family
34,842


3.8
 %

30,161


3.9
 %
Real estate construction other
91,195


9.9
 %

32,599


4.2
 %
Real estate term owner occupied
109,472


11.8
 %

91,098


11.8
 %
Real estate term non-owner occupied
286,616


31.0
 %

255,324


33.2
 %
Real estate term other
36,894


4.0
 %

29,976


3.9
 %
Consumer secured by 1st deeds of trust
32,000


3.5
 %

16,483


2.1
 %
Consumer other
31,493


3.4
 %

18,058


2.3
 %
Subtotal

$929,055


 


$774,037


 
Less: Unearned origination fee,
 

 

 

 
net of origination costs
(4,551
)

(0.5
)%

(4,021
)

(0.5
)%
Total loans

$924,504


 


$770,016


 
Loan Portfolio Segmented By Risk Class
The loan portfolio segmented by risk class at December 31, 2014 and 2013, 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, 2014
 

 

 

 

 

 

 

 

 
AQR Pass

$291,020



$34,651



$91,195



$103,049



$282,774



$36,705



$31,118



$31,399



$901,911

AQR Special Mention
11,618


—


—


5,817


2,095


39


396


47


20,012

AQR Substandard
3,905


191


—


606


1,747


150


486


47


7,132

AQR Doubtful
—


—


—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—


—


—

Subtotal

$306,543



$34,842



$91,195



$109,472



$286,616



$36,894



$32,000



$31,493



$929,055

Less: Unearned origination fees, net of origination costs

 

 

(4,551
)
        Total loans
 

 

 

 

 

 

 

 


$924,504

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
Nonaccrual Loans By Segment
Nonaccrual loans at the periods indicated, by segment are presented below:
(In  Thousands)
December 31, 2014

December 31, 2013
Commercial

$2,031



$222

Real estate construction one-to-four family
191


—

Real estate construction other
—


—

Real estate term owner occupied
135


—

Real estate term non-owner occupied
1,746


151

Real estate term other
39


1,136

Consumer secured by 1st deeds of trust
485


187

Consumer other
47


119

Total

$4,674



$1,815
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, 2014
 

 

 

 

 

 

 
AQR Pass

$696



$545



$—



$—



$1,241



$900,670



$901,911

AQR Special Mention
—


—


—


—


—


20,012


20,012

AQR Substandard
40


—


—


4,674


4,714


2,418


7,132

AQR Doubtful
—


—


—


—


—


—


—

AQR Loss
—


—


—


—


—


—


—

Subtotal

$736



$545



$—



$4,674



$5,955



$923,100



$929,055

Less: Unearned origination fees,  net of origination costs

 


 


(4,551
)
     Total
 


 


 


 


 


 



$924,504

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
Impaired Loans
The following table presents information about impaired loans by class for the years ended December 31, 2014 and 2013:
(In Thousands)
Recorded Investment

Unpaid Principal Balance

Related Allowance
December 31, 2014
 

 

 
With no related allowance recorded
 

 

 
Commercial - AQR special mention

$170



$170



$—

Commercial - AQR substandard
3,000


3,045


—

Real estate construction one-to-four family - AQR substandard
191


191


—

Real estate construction other - AQR pass
772


772


—

Real estate term owner occupied- AQR pass
501


501


—

Real estate term owner occupied- AQR special mention
273


273


—

Real estate term owner occupied- AQR substandard
558


558


—

Real estate term non-owner occupied- AQR pass
549


549


—

Real estate term non-owner occupied- AQR special mention
2,088


2,088


—

Real estate term non-owner occupied- AQR substandard
1,709


1,709


—

Real estate term other - AQR substandard
150


150


—

Consumer secured by 1st deeds of trust - AQR pass
82


82


—

Consumer secured by 1st deeds of trust - AQR special mention
449


461


—

          Subtotal

$10,492



$10,549



$—

With an allowance recorded
 

 

 
Commercial - AQR substandard

$806



$806



$75

  Subtotal

$806



$806



$75

Commercial - AQR special mention

$170



$170



$—

Commercial - AQR substandard
3,806


3,851


75

Real estate construction one-to-four family - AQR substandard
191


191


—

Real estate construction other - AQR pass
772


772


—

Real estate term owner-occupied - AQR pass
501


501


—

Real estate term owner-occupied - AQR special mention
273


273


—

Real estate term owner-occupied - AQR substandard
558


558


—

Real estate term non-owner occupied - AQR pass
549


549


—

Real estate term non-owner occupied - AQR special mention
2,088


2,088


—

Real estate term non-owner occupied - AQR substandard
1,709


1,709


—

Real estate term other - AQR substandard
150


150


—

Consumer secured by 1st deeds of trust - AQR pass
82


82


—

Consumer secured by 1st deeds of trust - AQR special mention
449


461


—

  Total

$11,298



$11,355



$75

(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 doubtful
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
Newly Restructured Loans
The following table presents December 31, 2014 balances of loans that were restructured during 2014 and restructured loans acquired from Alaska Pacific Bank on April 1, 2014:
 
Accrual Status

Nonaccrual Status

Total Modifications
(In Thousands)


New Troubled Debt Restructurings
 

 

 
Commercial - AQR special mention

$109



$—



$109

Commercial - AQR substandard
250


89


339

Real estate owner occupied - AQR substandard
—


48


48

Real estate non-owner occupied - AQR special mention
2,088


—


2,088

Real estate non-owner occupied - AQR substandard
—


913


913

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


119


119

Subtotal

$2,447



$1,169



$3,616

Existing Troubled Debt Restructurings
2,905


1,167


4,072

Total

$5,352



$2,336



$7,688
Newly Restructured Loans By Concession
The following table presents December 31, 2014 balances of loans that were restructured during 2014 and restructured loans acquired from Alaska Pacific Bank on April 1, 2014, by concession (terms modified):
(In Thousands)
Number of Contracts

Rate Modification

Term Modification

Payment Modification

Combination Modification

Total Modifications
Pre-Modification Outstanding Recorded Investment:

 
Commercial - AQR special mention
1


$—



$—



$113



$—



$113

Commercial - AQR substandard
2

—


256


—


690


946

Real estate term owner occupied - AQR substandard
1

—


—


—


54


54

Real estate term non-owner occupied - AQR special mention
3

—


—


—


2,181


2,181

Real estate term non-owner occupied - AQR substandard
3

—


—


—


1,018


1,018

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

—


—


—


133


133

Total
11


$—



$256



$113



$4,076



$4,445

Post-Modification Outstanding Recorded Investment:
 
 
Commercial - AQR special mention
1


$—



$—



$109



$—



$109

Commercial - AQR substandard
2

—


250


—


89


339

Real estate term owner occupied - AQR substandard
1

—


—


—


48


48

Real estate term non-owner occupied - AQR special mention
3

—


—


—


2,088


2,088

Real estate term non-owner occupied - AQR substandard
3

—


—


—


913


913

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

—


—


—


119


119

Total
11


$—



$250



$109



$3,257



$3,616
Troubled Debt Restructurings That Subsequently Defaulted
The following table presents loans that were restructured during 2014, 2013, and 2012, respectively, that also defaulted subsequent to restructuring in those same periods:
 
December 31, 2014
December 31, 2013
December 31, 2012
 
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 substandard
—
—

—
—

2


$300

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

—
—

1

794

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 for the years indicated follows:
(In Thousands)
2014

2013
Balance, beginning of the year

$2,336



$373

Loans made
—


2,439

Repayments
74


476

Balance, end of year

$2,262



$2,336