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LOANS (Tables)
 12 Months Ended
Dec. 31, 2013
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
The following is a summary of loans at December 31, 2013 and 2012:
 
 
 
2013
 
2012
 
 
 
 
 
Percent
 
 
 
Percent
 
 
 
Amount
 
of total
 
Amount
 
of total
 
 
 
(dollars in thousands)
 
Real estate loans:
 
 
 
 
 
 
 
 
 
 
 
1 to 4 family residential
 
$
35,006
 
10.10
%
$
41,017
 
11.14
%
Commercial real estate
 
 
169,176
 
48.82
%
 
186,949
 
50.82
%
Multi-family residential
 
 
19,739
 
5.70
%
 
19,524
 
5.31
%
Construction
 
 
53,325
 
15.39
%
 
48,220
 
13.11
%
Home equity lines of credit (“HELOC”)
 
 
31,863
 
9.20
%
 
34,603
 
9.41
%
 
 
 
 
 
 
 
 
 
 
 
 
Total real estate loans
 
 
309,109
 
89.21
%
 
330,313
 
89.79
%
 
 
 
 
 
 
 
 
 
 
 
 
Other loans:
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
29,166
 
8.42
%
 
29,297
 
7.96
%
Loans to individuals
 
 
8,584
 
2.48
%
 
8,615
 
2.34
%
Overdrafts
 
 
191
 
0.05
%
 
119
 
.03
%
Total other loans
 
 
37,941
 
10.95
%
 
38,031
 
10.33
%
 
 
 
 
 
 
 
 
 
 
 
 
Gross loans
 
 
347,050
 
 
 
 
368,344
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less deferred loan origination fees, net
 
 
(550)
 
(.16)
%
 
(452)
 
(.12)
%
 
 
 
 
 
 
 
 
 
 
 
 
Total loans
 
 
346,500
 
100.00
%
 
367,892
 
100.00
%
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses
 
 
(7,054)
 
 
 
 
(7,897)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total loans, net
 
$
339,446
 
 
 
$
359,995
 
 
 
Schedule of Related Party Transactions [Table Text Block]
A summary of related party loan transactions, in thousands, is as follows:
 
 
 
2013
 
2012
 
Balance at January 1
 
$
2,816
 
$
14,262
 
Exposure of directors/executive officers added
 
 
-
 
 
92
 
Borrowings
 
 
3,758
 
 
3,227
 
Directors, resigned or retired from board
 
 
(9)
 
 
(4,066)
 
Loan repayments
 
 
(1,195)
 
 
(10,699)
 
 
 
 
 
 
 
 
 
Balance at December 31
 
$
5,370
 
$
2,816
 
Past Due Financing Receivables [Table Text Block]
The following tables present as of December 31, 2013 and 2012 an age analysis of past due loans, segregated by class of loans:
 
 
 
30+
 
Non-
 
Total
 
 
 
 
 
 
 
 
 
Days
 
Accrual
 
Past
 
 
 
 
Total
 
2013
 
Past Due
 
Loans
 
Due
 
Current
 
Loans
 
 
 
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
70
 
$
330
 
$
400
 
$
28,766
 
$
29,166
 
Construction
 
 
36
 
 
1,206
 
 
1,242
 
 
52,083
 
 
53,325
 
Multi-family residential
 
 
-
 
 
1,004
 
 
1,004
 
 
18,735
 
 
19,739
 
Commercial real estate
 
 
446
 
 
4,441
 
 
4,887
 
 
164,289
 
 
169,176
 
Loans to individuals & overdrafts
 
 
4
 
 
5
 
 
9
 
 
8,766
 
 
8,775
 
1 to 4 family residential
 
 
318
 
 
1,092
 
 
1,410
 
 
33,596
 
 
35,006
 
HELOC
 
 
-
 
 
1,241
 
 
1,241
 
 
30,622
 
 
31,863
 
Deferred loan (fees) cost, net
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(550)
 
 
 
$
874
 
$
9,319
 
$
10,193
 
$
336,857
 
$
346,500
 
 
 
 
30+
 
Non-
 
Total
 
 
 
 
 
 
 
 
 
Days
 
Accrual
 
Past
 
 
 
 
Total
 
2012
 
Past Due
 
Loans
 
Due
 
Current
 
Loans
 
 
 
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
215
 
$
319
 
$
534
 
$
28,763
 
$
29,297
 
Construction
 
 
138
 
 
2,298
 
 
2,436
 
 
45,784
 
 
48,220
 
Multi-family residential
 
 
-
 
 
1,482
 
 
1,482
 
 
18,042
 
 
19,524
 
Commercial real estate
 
 
241
 
 
4,373
 
 
4,614
 
 
182,335
 
 
186,949
 
Loans to individuals & overdrafts
 
 
19
 
 
11
 
 
30
 
 
8,704
 
 
8,734
 
1 to 4 family residential
 
 
536
 
 
1,061
 
 
1,597
 
 
39,420
 
 
41,017
 
HELOC
 
 
30
 
 
582
 
 
612
 
 
33,991
 
 
34,603
 
Deferred loan (fees) cost, net
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(452)
 
 
 
$
1,179
 
$
10,126
 
$
11,305
 
$
357,039
 
$
367,892
 
Impaired Financing Receivables [Table Text Block]
The following tables present information on loans that were considered to be impaired as of December 31, 2013 and December 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
 
 
 
 
 
 
Contractual
 
 
 
 
Year to Date
 
 
 
 
 
 
Unpaid
 
Related
 
Average
 
Interest Income
 
 
 
Recorded
 
Principal
 
Allowance
 
Recorded
 
Recognized on
 
 
 
Investment
 
Balance
 
for Loan Losses
 
Investment
 
Impaired Loans
 
 
 
(dollars in thousands)
 
2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
196
 
$
257
 
$
-
 
$
473
 
$
15
 
Construction
 
 
2,059
 
 
2,311
 
 
-
 
 
2,016
 
 
18
 
Commercial real estate
 
 
3,748
 
 
4,971
 
 
-
 
 
4,987
 
 
-
 
Loans to individuals & overdrafts
 
 
3
 
 
3
 
 
-
 
 
2
 
 
-
 
Multi-family residential
 
 
2,384
 
 
2,384
 
 
-
 
 
2,009
 
 
-
 
HELOC
 
 
767
 
 
854
 
 
-
 
 
595
 
 
98
 
1 to 4 family residential
 
 
2,427
 
 
2,731
 
 
-
 
 
2,788
 
 
5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Subtotal:
 
 
11,584
 
 
13,511
 
 
-
 
 
12,870
 
 
136
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
267
 
 
267
 
 
63
 
 
101
 
 
18
 
Construction
 
 
328
 
 
406
 
 
91
 
 
426
 
 
2
 
Commercial real estate
 
 
5,695
 
 
5,695
 
 
541
 
 
4,761
 
 
39
 
Loans to individuals & overdrafts
 
 
2
 
 
2
 
 
-
 
 
14
 
 
-
 
Multi-family Residential
 
 
-
 
 
-
 
 
-
 
 
8
 
 
-
 
HELOC
 
 
553
 
 
553
 
 
320
 
 
314
 
 
-
 
1 to 4 family residential
 
 
553
 
 
553
 
 
88
 
 
885
 
 
9
 
Subtotal:
 
 
7,398
 
 
7,476
 
 
1,103
 
 
6,509
 
 
68
 
Totals:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
14,677
 
 
16,291
 
 
695
 
 
14,782
 
 
92
 
Consumer
 
 
5
 
 
5
 
 
-
 
 
16
 
 
-
 
Residential
 
 
4,300
 
 
4,691
 
 
408
 
 
4,581
 
 
112
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Grand Total:
 
$
18,982
 
$
20,987
 
$
1,103
 
$
19,379
 
$
204
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
Contractual
 
 
 
 
Year to Date
 
 
 
 
 
 
 
 
 
Unpaid
 
Related
 
Average
 
Interest Income
 
 
 
Recorded
 
Principal
 
Allowance
 
Recorded
 
Recognized on
 
 
 
Investment
 
Balance
 
for Loan Losses
 
Investment
 
Impaired Loans
 
 
 
(dollars in thousands)
 
2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
$
545
 
$
810
 
$
-
 
$
496
 
$
20
 
Construction
 
 
2,376
 
 
2,940
 
 
-
 
 
2,088
 
 
20
 
Commercial real estate
 
 
5,987
 
 
6,475
 
 
-
 
 
9,988
 
 
195
 
Loans to individuals & overdrafts
 
 
3
 
 
13
 
 
-
 
 
123
 
 
-
 
Multi-family residential
 
 
1,442
 
 
1,442
 
 
-
 
 
1,501
 
 
-
 
HELOC
 
 
641
 
 
821
 
 
-
 
 
891
 
 
6
 
1 to 4 family residential
 
 
2,725
 
 
2,995
 
 
-
 
 
1,985
 
 
123
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Subtotal:
 
 
13,719
 
 
15,496
 
 
-
 
 
17,072
 
 
364
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
65
 
 
66
 
 
51
 
 
80
 
 
5
 
Construction
 
 
266
 
 
266
 
 
64
 
 
1,358
 
 
6
 
Commercial real estate
 
 
4,505
 
 
5,474
 
 
581
 
 
3,433
 
 
298
 
Loans to individuals & overdrafts
 
 
21
 
 
21
 
 
4
 
 
27
 
 
1
 
Multi-family Residential
 
 
40
 
 
40
 
 
9
 
 
25
 
 
-
 
HELOC
 
 
179
 
 
179
 
 
43
 
 
235
 
 
10
 
1 to 4 family residential
 
 
926
 
 
926
 
 
157
 
 
1,089
 
 
56
 
Subtotal:
 
 
6,002
 
 
6,972
 
 
909
 
 
6,247
 
 
376
 
Totals:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
 
15,226
 
 
17,513
 
 
705
 
 
18,969
 
 
544
 
Consumer
 
 
24
 
 
34
 
 
4
 
 
150
 
 
1
 
Residential
 
 
4,471
 
 
4,921
 
 
200
 
 
4,200
 
 
195
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Grand Total:
 
$
19,721
 
$
22,468
 
$
909
 
$
23,319
 
$
740
 
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
The following table presents loans that were modified as troubled debt restructurings (“TDRs”) within the previous twelve months with a breakdown of the types of concessions made by loan class during the twelve months ended December 31, 2013 and 2012:
 
 
 
Twelve Months Ended December 31, 2013
 
 
 
 
 
 
Pre-Modification
 
Post-Modification
 
 
 
Number
 
Outstanding
 
Outstanding
 
 
 
of
 
Recorded
 
Recorded
 
 
 
loans
 
investments
 
investments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Below market interest rate:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
-
 
$
-
 
$
-
 
Construction
 
 
-
 
 
-
 
 
-
 
Commercial real estate
 
 
-
 
 
-
 
 
-
 
Loans to individuals and overdrafts
 
 
-
 
 
-
 
 
-
 
1 to 4 family residential
 
 
3
 
 
276
 
 
272
 
HELOC
 
 
-
 
 
-
 
 
-
 
Total
 
 
3
 
 
276
 
 
272
 
 
 
 
 
 
 
 
 
 
 
 
Extended payment terms:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
4
 
 
537
 
 
402
 
Construction
 
 
2
 
 
134
 
 
131
 
Commercial real estate
 
 
1
 
 
645
 
 
645
 
Multi-family residential
 
 
-
 
 
-
 
 
-
 
Loans to individuals and overdrafts
 
 
-
 
 
-
 
 
-
 
1 to 4 family residential
 
 
4
 
 
1,084
 
 
1,053
 
HELOC
 
 
-
 
 
-
 
 
-
 
Total
 
 
11
 
 
2,400
 
 
2,231
 
 
 
 
 
 
 
 
 
 
 
 
Other:
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
 
-
 
 
-
 
 
-
 
Construction
 
 
-
 
 
-
 
 
-
 
Commercial real estate
 
 
1
 
 
163
 
 
159
 
Loans to individuals and overdrafts
 
 
-
 
 
-
 
 
-
 
1 to 4 family residential
 
 
3
 
 
203
 
 
195
 
HELOC
 
 
-
 
 
-
 
 
-
 
Total
 
 
4
 
 
366
 
 
354
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
18
 
$
3,042
 
$
2,857
 
  
 
 
Twelve Months Ended December 31, 2012
 
 
 
 
 
Pre-Modification
 
Post-Modification
 
 
 
Number
 
Outstanding
 
Outstanding
 
 
 
of
 
Recorded
 
Recorded
 
 
 
loans
 
investments
 
investments
 
 
 
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
Below market interest rate:
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
-
 
$
-
 
$
-
 
Construction
 
-
 
 
-
 
 
-
 
Commercial real estate
 
-
 
 
-
 
 
-
 
Loans to individuals and overdrafts
 
-
 
 
-
 
 
-
 
1 to 4 family residential
 
-
 
 
-
 
 
-
 
HELOC
 
-
 
 
-
 
 
-
 
Total
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
Extended payment terms:
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
1
 
 
116
 
 
114
 
Construction
 
2
 
 
294
 
 
284
 
Commercial real estate
 
4
 
 
1,281
 
 
863
 
Multi-family residential
 
1
 
 
1,524
 
 
1,514
 
Loans to individuals and overdrafts
 
-
 
 
-
 
 
-
 
1 to 4 family residential
 
2
 
 
100
 
 
96
 
HELOC
 
-
 
 
-
 
 
-
 
Total
 
10
 
 
3,315
 
 
2,871
 
 
 
 
 
 
 
 
 
 
 
Other:
 
 
 
 
 
 
 
 
 
Commercial and industrial
 
-
 
 
-
 
 
-
 
Construction
 
-
 
 
-
 
 
-
 
Commercial real estate
 
2
 
 
849
 
 
837
 
Loans to individuals and overdrafts
 
-
 
 
-
 
 
-
 
1 to 4 family residential
 
-
 
 
-
 
 
-
 
HELOC
 
6
 
 
306
 
 
301
 
Total
 
8
 
 
1,155
 
 
1,138
 
 
 
 
 
 
 
 
 
 
 
Total
 
18
 
$
4,470
 
$
4,009
 
 
The following table presents loans that were modified as TDRs within the previous twelve months for which there was a payment default together with a breakdown of the types of concessions made by loan class during the twelve months ended December 31, 2013 and 2012:
 
 
 
Twelve months ended
 
 
 
December 31, 2013
 
 
 
Number
 
Recorded
 
 
 
of loans
 
investment
 
 
 
(dollars in thousands)
 
Below market interest rate:
 
 
 
 
 
 
 
Commercial and industrial
 
 
-
 
$
-
 
Construction
 
 
-
 
 
-
 
Commercial real estate
 
 
-
 
 
-
 
Loans to individuals and overdrafts
 
 
-
 
 
-
 
1 to 4 family residential
 
 
-
 
 
-
 
HELOC
 
 
-
 
 
-
 
Total
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
Extended payment terms:
 
 
 
 
 
 
 
Commercial and industrial
 
 
3
 
 
402
 
Construction
 
 
2
 
 
131
 
Commercial real estate
 
 
-
 
 
-
 
Loans to individuals and overdrafts
 
 
-
 
 
-
 
Multi-family residential
 
 
-
 
 
-
 
1 to 4 family residential
 
 
1
 
 
47
 
HELOC
 
 
-
 
 
-
 
Total
 
 
6
 
 
580
 
 
 
 
 
 
 
 
 
Forgiveness of principal:
 
 
 
 
 
 
 
Commercial and industrial
 
 
-
 
 
-
 
Construction
 
 
-
 
 
-
 
Commercial real estate
 
 
-
 
 
-
 
Loans to individuals and overdrafts
 
 
-
 
 
-
 
1 to 4 family residential
 
 
-
 
 
-
 
HELOC
 
 
-
 
 
-
 
Total
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
Other:
 
 
 
 
 
 
 
Commercial and industrial
 
 
-
 
 
-
 
Construction
 
 
-
 
 
-
 
Commercial real estate
 
 
1
 
 
159
 
Loans to individuals and overdrafts
 
 
-
 
 
-
 
1-to-4 family residential
 
 
-
 
 
-
 
Multi-family residential
 
 
-
 
 
-
 
HELOC
 
 
-
 
 
-
 
Total
 
 
1
 
 
159
 
 
 
 
 
 
 
 
 
Total
 
 
7
 
$
739
 
 
 
 
Twelve months ended
 
 
 
December 31, 2012
 
 
 
Number
 
Recorded
 
 
 
of loans
 
investment
 
 
 
(dollars in thousands)
 
Below market interest rate:
 
 
 
 
 
 
 
Commercial and industrial
 
 
-
 
$
-
 
Construction
 
 
-
 
 
-
 
Commercial real estate
 
 
-
 
 
-
 
Loans to individuals and overdrafts
 
 
-
 
 
-
 
1 to 4 family residential
 
 
-
 
 
-
 
HELOC
 
 
-
 
 
-
 
Total
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
Extended payment terms:
 
 
 
 
 
 
 
Commercial and industrial
 
 
1
 
 
114
 
Construction
 
 
-
 
 
-
 
Commercial real estate
 
 
4
 
 
863
 
Loans to individuals and overdrafts
 
 
-
 
 
-
 
Multi-family residential
 
 
1
 
 
1,514
 
1 to 4 family residential
 
 
2
 
 
96
 
HELOC
 
 
-
 
 
-
 
Total
 
 
8
 
 
2,587
 
 
 
 
 
 
 
 
 
Forgiveness of principal:
 
 
 
 
 
 
 
Commercial and industrial
 
 
-
 
 
-
 
Construction
 
 
-
 
 
-
 
Commercial real estate
 
 
-
 
 
-
 
Loans to individuals and overdrafts
 
 
-
 
 
-
 
1 to 4 family residential
 
 
-
 
 
-
 
HELOC
 
 
-
 
 
-
 
Total
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
Other:
 
 
 
 
 
 
 
Commercial and industrial
 
 
-
 
 
-
 
Construction
 
 
-
 
 
-
 
Commercial real estate
 
 
-
 
 
-
 
Loans to individuals and overdrafts
 
 
-
 
 
-
 
1-to-4 family residential
 
 
-
 
 
-
 
Multi-family residential
 
 
-
 
 
-
 
HELOC
 
 
-
 
 
-
 
Total
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
Total
 
 
8
 
$
2,587
 
Financing Receivable Credit Quality Indicators [Table Text Block]
The following tables presents information on risk ratings of the commercial and consumer loan portfolios, segregated by loan class as of December 31, 2013 and 2012:
 
December 31, 2013
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit
 
 
 
 
 
 
 
 
 
 
 
 
 
Exposure By
 
Commercial
 
 
 
Commercial
 
 
 
 
Internally
 
and
 
 
 
real
 
Multi-family
 
Assigned Grade
 
industrial
 
Construction
 
estate
 
residential
 
 
 
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Superior
 
$
830
 
$
40
 
$
-
 
$
-
 
Very good
 
 
-
 
 
-
 
 
-
 
 
-
 
Good
 
 
5,793
 
 
1,133
 
 
19,301
 
 
4,203
 
Acceptable
 
 
11,572
 
 
2,838
 
 
63,447
 
 
6,812
 
Acceptable with care
 
 
5,307
 
 
46,597
 
 
57,768
 
 
6,340
 
Special mention
 
 
5,122
 
 
1,126
 
 
21,305
 
 
1,380
 
Substandard
 
 
542
 
 
1,591
 
 
7,355
 
 
1,004
 
Doubtful
 
 
-
 
 
-
 
 
-
 
 
-
 
Loss
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
$
29,166
 
$
53,325
 
$
169,176
 
$
19,739
 
 
Consumer Credit
 
 
 
 
 
 
 
Exposure By
 
 
 
 
 
 
 
Internally
 
1-to-4 family
 
 
 
Assigned Grade
 
residential
 
HELOC
 
 
 
 
 
 
 
 
 
Pass
 
$
29,364
 
$
30,116
 
Special mention
 
 
1,632
 
 
245
 
Substandard
 
 
4,010
 
 
1,502
 
 
 
$
35,006
 
$
31,863
 
 
Consumer Credit
 
 
 
 
Exposure Based
 
Loans to
 
On Payment
 
individuals &
 
Activity
 
overdrafts
 
 
 
 
 
 
Pass
 
$
7,629
 
Non-pass
 
 
1,146
 
 
 
$
8,775
 
 
December 31, 2012
 
Commercial
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit
 
 
 
 
 
 
 
 
 
 
 
 
 
Exposure By
 
Commercial
 
 
 
 
Commercial
 
 
 
 
Internally
 
and
 
 
 
 
real
 
Multi-family
 
Assigned Grade
 
industrial
 
Construction
 
estate
 
residential
 
 
 
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Superior
 
$
296
 
$
49
 
$
-
 
$
-
 
Very good
 
 
7
 
 
2
 
 
300
 
 
-
 
Good
 
 
7,406
 
 
715
 
 
19,623
 
 
-
 
Acceptable
 
 
7,482
 
 
3,818
 
 
66,716
 
 
7,320
 
Acceptable with care
 
 
12,803
 
 
37,625
 
 
70,895
 
 
9,704
 
Special mention
 
 
691
 
 
3,233
 
 
18,278
 
 
1,018
 
Substandard
 
 
612
 
 
2,778
 
 
11,137
 
 
1,482
 
Doubtful
 
 
-
 
 
-
 
 
-
 
 
-
 
Loss
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
$
29,297
 
$
48,220
 
$
186,949
 
$
19,524
 
 
Consumer Credit
 
 
 
 
 
 
 
Exposure By
 
 
 
 
 
 
 
Internally
 
1-to-4 family
 
 
 
Assigned Grade
 
residential
 
HELOC
 
 
 
 
 
 
 
 
 
Pass
 
$
33,944
 
$
32,347
 
Special mention
 
 
2,839
 
 
1,103
 
Substandard
 
 
4,234
 
 
1,153
 
 
 
$
41,017
 
$
34,603
 
 
Consumer Credit
 
 
 
 
Exposure Based
 
Loans to
 
On Payment
 
individuals &
 
Activity
 
overdrafts
 
 
 
 
 
 
Pass
 
$
8,634
 
Non-pass
 
 
100
 
 
 
$
8,734
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
The following tables present a roll forward of the Company’s allowance for loan losses by loan segment for the twelve month periods ended December 31, 2013 and 2012, respectively (in thousands):
 
2013
 
Commercial
 
 
 
 
 
 
 
1 to 4
 
 
 
 
Loans to
 
Multi-
 
 
 
 
 
 
and
 
 
 
 
Commercial
 
family
 
 
 
 
individuals &
 
family
 
 
 
 
Allowance for loan losses
 
industrial
 
Construction
 
real estate
 
residential
 
HELOC
 
overdrafts
 
residential
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period 01/01/2013
 
$
278
 
$
798
 
$
4,946
 
$
1,070
 
$
627
 
$
72
 
$
106
 
$
7,897
 
Provision for loan losses
 
 
(35)
 
 
(230)
 
 
(59)
 
 
(317)
 
 
288
 
 
60
 
 
(32)
 
 
(325)
 
Loans charged-off
 
 
(135)
 
 
(28)
 
 
(384)
 
 
(325)
 
 
(316)
 
 
(135)
 
 
-
 
 
(1,323)
 
Recoveries
 
 
137
 
 
25
 
 
96
 
 
398
 
 
81
 
 
68
 
 
-
 
 
805
 
Balance, end of period 12/31/2013
 
$
245
 
$
565
 
$
4,599
 
$
826
 
$
680
 
$
65
 
$
74
 
$
7,054
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance: individually evaluated for impairment
 
$
63
 
$
91
 
$
541
 
$
88
 
$
320
 
$
-
 
$
-
 
$
1,103
 
Ending Balance: collectively evaluated for impairment
 
$
182
 
$
474
 
$
4,058
 
$
738
 
$
360
 
$
65
 
$
74
 
$
5,951
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance
 
$
29,166
 
$
53,325
 
$
169,176
 
$
35,006
 
$
31,863
 
$
8,775
 
$
19,739
 
$
347,050
 
Ending Balance: individually evaluated for impairment
 
$
463
 
$
2,387
 
$
9,443
 
$
2,980
 
$
1,320
 
$
5
 
$
2,384
 
$
18,982
 
Ending Balance: collectively evaluated for impairment
 
$
28,703
 
$
50,938
 
$
159,733
 
$
32,026
 
$
30,543
 
$
8,770
 
$
17,355
 
$
328,068
 
 
2012
 
Commercial
 
 
 
 
 
 
 
1 to 4
 
 
 
 
Loans to
 
Multi-
 
 
 
 
 
 
and
 
 
 
 
Commercial
 
family
 
 
 
 
individuals &
 
family
 
 
 
 
Allowance for loan losses
 
industrial
 
Construction
 
real estate
 
residential
 
HELOC
 
overdrafts
 
residential
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period 01/01/2012
 
$
719
 
$
1,540
 
$
4,771
 
$
1,661
 
$
1,122
 
$
94
 
$
127
 
$
10,034
 
Provision for loan losses
 
 
(2,962)
 
 
(339)
 
 
1,468
 
 
(591)
 
 
(110)
 
 
(42)
 
 
(21)
 
 
(2,597)
 
Loans charged-off
 
 
(193)
 
 
(720)
 
 
(1,580)
 
 
(232)
 
 
(459)
 
 
(70)
 
 
-
 
 
(3,254)
 
Recoveries
 
 
2,714
 
 
317
 
 
287
 
 
232
 
 
74
 
 
90
 
 
-
 
 
3,714
 
Balance, end of period 12/31/2012
 
$
278
 
$
798
 
$
4,946
 
$
1,070
 
$
627
 
$
72
 
$
106
 
$
7,897
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance: individually evaluated for impairment
 
$
51
 
$
64
 
$
581
 
$
157
 
$
43
 
$
4
 
$
9
 
$
909
 
Ending Balance: collectively evaluated for impairment
 
$
227
 
$
734
 
$
4,365
 
$
913
 
$
584
 
$
68
 
$
97
 
$
6,988
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance
 
$
29,297
 
$
48,220
 
$
186,949
 
$
41,017
 
$
34,603
 
$
8,734
 
$
19,524
 
$
368,344
 
Ending Balance: individually evaluated for impairment
 
$
611
 
$
2,642
 
$
10,492
 
$
3,651
 
$
819
 
$
24
 
$
1,482
 
$
19,721
 
Ending Balance: collectively evaluated for impairment
 
$
28,686
 
$
45,578
 
$
176,457
 
$
37,366
 
$
33,784
 
$
8,710
 
$
18,042
 
$
348,623