Note 4 - Allowance for Loan Losses

3 Months Ended

Mar. 31, 2016

Disclosure Text Block Supplement [Abstract]

Allowance for Credit Losses [Text Block]

Note 4. Allowance for Loan Losses

The following table presents, as of March 31, 2016, 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).

March 31, 2016	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	$	83	$	−		$	−	$	(6	)	$	77	$	−	$	77	$	10,983	$	−	$	10,983
Land acquisition, development & commercial		187		−			−		33			220		−		220		30,167		−		30,167
Real estate:
Residential		1,047		−			−		(7	)		1,040		−		1,040		105,055		195		104,860
Commercial		1,001		−			−		95			1,096		17		1,079		147,561		7,600		139,961
Commercial, industrial & agricultural		531		−			−		(102	)		429		−		429		52,913		12		52,901
Equity lines		277		−			−		19			296		−		296		26,954		−		26,954
Consumer		85		(15	)		4		23			97		−		97		7,430		−		7,430
Unallocated		87		−			−		5			92		−		92		−		−		−
Total	$	3,298	$	(15	)	$	4	$	60		$	3,347	$	17	$	3,330	$	381,063	$	7,807	$	373,256

The following table presents, as of December 31, 2015, 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, 2015	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	$	43	$	−		$	−	$	40		$	83	$	−	$	83	$	11,779	$	−	$	11,779
Land acquisition, development & commercial		453		−			−		(266	)		187		−		187		27,440		−		27,440
Real estate:
Residential		833		−			1		213			1,047		−		1,047		100,268		247		100,021
Commercial		1,012		−			−		(11	)		1,001		17		984		140,952		7,578		133,374
Commercial, industrial & agricultural		319		−			10		202			531		−		531		53,012		12		53,000
Equity lines		423		−			1		(147	)		277		−		277		26,376		−		26,376
Consumer		65		(80	)		34		66			85		−		85		7,531		−		7,531
Unallocated		184		−			−		(97	)		87		−		87		−		−		−
Total	$	3,332	$	(80	)	$	46	$	−		$	3,298	$	17	$	3,281	$	367,358	$	7,837	$	359,521

Loans by credit quality indicators as of March 31, 2016 were as follows:

(Dollars In Thousands)	Pass		Special Mention		Substandard Accruing		Substandard Nonaccrual		Total
Construction loans:
Residential	$	10,983	$	−	$	−	$	−	$	10,983
Land acquisition, development & commercial		30,157		−		−		10		30,167
Real estate loans:
Residential		104,859		−		196		−		105,055
Commercial		145,762		−		1,439		360		147,561
Commercial, industrial, agricultural		52,181		687		−		45		52,913
Equity lines		26,954		−		−		−		26,954
Consumer		7,424		−		6		−		7,430
Total Loans	$	378,320	$	687	$	1,641	$	415	$	381,063

Loans by credit quality indicators as of December 31, 2015 were as follows:

(Dollars In Thousands)	Pass		Special Mention		Substandard Accruing		Substandard Nonaccrual		Total
Construction loans:
Residential	$	11,779	$	−	$	−	$	−	$	11,779
Land acquisition, development & commercial		27,429		−		−		11		27,440
Real estate loans:
Residential		95,809		4,212		247		−		100,268
Commercial		138,034		1,155		1,395		368		140,952
Commercial, industrial, agricultural		51,801		1,164		−		47		53,012
Equity lines		26,376		−		−		−		26,376
Consumer		7,523		−		8		−		7,531
Total Loans	$	358,751	$	6,531	$	1,650	$	426	$	367,358

At March 31, 2016 and December 31, 2015, the Company had no loans classified as Doubtful or Loss.