Note 4 - Allowance for Loan Losses

12 Months Ended

Dec. 31, 2013

Disclosure Text Block Supplement [Abstract]

Allowance for Credit Losses [Text Block]

Note 4. Allowance for Loan Losses

The following table presents, as of December 31, 2013, the total loans and loans by impairment methodology (individually evaluated for impairment or collectively evaluated for impairment) and the total allowance for loan losses, the allowance by impairment methodology (individually evaluated for impairment or collectively evaluated for impairment).

December 31, 2013	Allowance for loan losses																Loans
Class of Loan (Dollars in Thousands)	Beginning balance		Charge- offs			Recoveries		Provisions			Ending balance		Ending balance: individually evaluated for impairment		Ending balance: collectively evaluated for impairment		Ending balance		Ending balance: individually evaluated for impairment		Ending balance: collectively evaluated for impairment
Construction loans:
Residential	$	117	$	-		$	-	$	39		$	156	$	-	$	156	$	6,768	$	-	$	6,768
Land acquisition, development & commercial		811		-			-		61			872		-		872		20,904		1,550		19,354
Real estate:
Residential		725		(446	)		81		507			867		163		704		72,934		850		72,084
Commercial		1,054		(88	)		298		(256	)		1,008		-		1,008		126,100		9,266		116,834
Commercial, industrial & agricultural		459		(27	)		-		(105	)		327		10		317		42,155		324		41,831
Equity lines		386		-			2		(3	)		385		-		385		20,374		-		20,374
Consumer		145		(14	)		-		(68	)		63		-		63		8,698		-		8,698
Unallocated		93		-			-		(50	)		43		-		43		-		-		-
Total	$	3,790	$	(575	)	$	381	$	125		$	3,721	$	173	$	3,548	$	297,933	$	11,990	$	285,943

The following table presents, as of December 31, 2012, the total loans and loans by impairment methodology (individually evaluated for impairment or collectively evaluated for impairment) and the total allowance for loan losses, the allowance by impairment methodology (individually evaluated for impairment or collectively evaluated for impairment).

December 31, 2012	Allowance for loan losses																Loans
Class of Loan (Dollars in Thousands)	Beginning balance		Charge- offs			Recoveries		Provisions			Ending balance		Ending balance: individually evaluated for impairment		Ending balance: collectively evaluated for impairment		Ending balance		Ending balance: individually evaluated for impairment		Ending balance: collectively evaluated for impairment
Construction loans:
Residential	$	90	$	-		$	-	$	27		$	117	$	-	$	117	$	5,036	$	-	$	5,036
Land acquisition, development & commercial		953		(519	)		-		377			811		-		811		20,198		3,632		16,566
Real estate:
Residential		538		(151	)		-		338			725		137		588		69,691		810		68,881
Commercial		1,314		(478	)		18		200			1,054		71		983		109,302		10,157		99,145
Commercial, industrial & agricultural		628		(71	)		-		(98	)		459		-		459		42,382		916		41,466
Equity lines		313		(393	)		-		466			386		-		386		20,504		115		20,389
Consumer		143		(4	)		1		5			145		-		145		7,824		-		7,824
Unallocated		-		-			-		93			93		-		93		-		-		-
Total	$	3,979	$	(1,616	)	$	19	$	1,408		$	3,790	$	208	$	3,582	$	274,937	$	15,630	$	259,307

Loans by credit quality indicators as of December 31, 2013 were as follows:

(Dollars In Thousands)	Pass		Special Mention		Substandard Accruing		Substandard Nonaccrual		Total
Construction loans:
Residential	$	6,768	$	-	$	-	$	-	$	6,768
Land acquisition, development & commercial		19,336		-		1,568		-		20,904
Real estate loans:
Residential		67,548		4,455		223		708		72,934
Commercial		121,970		510		3,620		-		126,100
Commercial, industrial, agricultural		41,051		96		815		193		42,155
Equity lines		20,316		-		-		58		20,374
Consumer		8,668		-		-		30		8,698
Total Loans	$	285,657	$	5,061	$	6,226	$	989	$	297,933

At December 31, 2013, the Company does not have any loans classified as Doubtful or Loss.

Loans by credit quality indicators as of December 31, 2012 were as follows:

(Dollars In Thousands)	Pass		Special Mention		Substandard Accruing		Substandard Nonaccrual		Total
Construction loans:
Residential	$	5,036	$	-	$	-	$	-	$	5,036
Land acquisition, development & commercial		16,479		-		1,963		1,756		20,198
Real estate loans:
Residential		63,299		5,581		229		582		69,691
Commercial		103,010		2,479		3,577		236		109,302
Commercial, industrial, agricultural		41,313		131		938		-		42,382
Equity lines		20,364		25		-		115		20,504
Consumer		7,824		-		-		-		7,824
Total Loans	$	257,325	$	8,216	$	6,707	$	2,689	$	274,937

At December 31, 2012, the Company does not have any loans classified as Doubtful or Loss.