Note 4 - Allowance for Loan Losses

9 Months Ended

Sep. 30, 2014

Disclosure Text Block Supplement [Abstract]

Allowance for Credit Losses [Text Block]

Note 4. Allowance for Loan Losses

The following table presents, as of September 30, 2014, the total allowance for loan losses, the allowance by impairment methodology (individually evaluated for impairment or collectively evaluated for impairment), the total loans and loans by impairment methodology (individually evaluated for impairment or collectively evaluated for impairment).

September 30, 2014	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	$	156	$	-		$	-	$	100		$	256	$	-	$	256	$	10,517	$	-	$	10,517
Land acquisition, development & commercial		872		-			-		(162	)		710		-		710		22,149		1,282		20,867
Real estate:
Residential		867		(233	)		34		172			840		-		840		82,519		480		82,039
Commercial		1,008		-			-		(65	)		943		146		797		132,691		9,613		123,078
Commercial, industrial & agricultural		327		(50	)		-		4			281		-		281		39,762		495		39,267
Equity lines		385		(136	)		8		137			394		-		394		23,523		-		23,523
Consumer		63		(26	)		2		15			54		-		54		8,203		-		8,203
Unallocated		43		-			-		1			44		-		44		-		-		-
Total	$	3,721	$	(445	)	$	44	$	202		$	3,522	$	146	$	3,376	$	319,364	$	11,870	$	307,494

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

Loans by credit quality indicators as of September 30, 2014 were as follows:

(Dollars In Thousands)	Pass		Special Mention		Substandard Accruing		Substandard Nonaccrual		Total
Construction loans:
Residential	$	10,517	$	-	$	-	$	-	$	10,517
Land acquisition, development & commercial		20,851		-		1,298		-		22,149
Real estate:
Residential		77,673		4,366		-		480		82,519
Commercial		128,615		596		2,696		784		132,691
Commercial, industrial & agricultural		39,067		41		644		10		39,762
Equity lines		23,323		-		200		-		23,523
Consumer		8,179		-		-		24		8,203
Total	$	308,225	$	5,003	$	4,838	$	1,298	$	319,364

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:
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	$	285,657	$	5,061	$	6,226	$	989	$	297,933

At September 30, 2014 and December 31, 2013, the Company had no loans classified as Doubtful or Loss.