Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2012

Summary of Activity in Allowances for Loan Losses

The following tables show the allocation of the allowance for loan losses among various categories of loans and certain other information as of the dates indicated. The allocation is made for analytical purposes and is not necessarily indicative of the categories in which future losses may occur. The total allowance is available to absorb losses from any loan category.

	September 30, 2012					December 31, 2011
(Dollars in thousands)	Amount		% Total			Amount		% Total
	(Unaudited)
Commercial and Industrial	$	1,483		24.1	%	$	899		18.2	%
Construction and Development		990		16.1	%		1,048		21.3	%
Commercial Real Estate		2,960		48.0	%		2,313		46.9	%
Residential Real Estate		715		11.6	%		633		12.8	%
Consumer		10		0.2	%		39		0.8	%
Total Allowance for Loan Losses	$	6,158		100.0	%	$	4,932		100.0	%

The following table represents specific allocation for impaired loans by class as of the dates indicated:

	September 30, 2012						December 31, 2011
(Dollars in thousands)	(Unaudited)
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Unpaid Principal Balance		Recorded Investment		Related Allowance
with no related allowance
Commercial	$	—	$	—	$	—	$	—	$	—	$	—
Construction		—		—		—		—		—		—
Commercial Real Estate		—		—		—		—		—		—
Residential Real Estate		103		103		—		—		—		—
Consumer		—		—		—		—		—		—
Sub-total	$	103	$	103	$	—	$	—	$	—	$	—
with an allowance recorded
Commercial	$	1,133	$	1,133	$	551	$	1,170	$	1,170	$	301
Construction		551		409		61		1,392		1,237		355
Commercial Real Estate		5,030		5,030		356		3,755		3,755		48
Residential Real Estate		865		865		218		142		142		142
Consumer		294		294		274		—		—		—
Sub-total	$	7,873	$	7,731	$	1,460	$	6,459	$	6,304	$	846
Total	$	7,976	$	7,834	$	1,460	$	6,459	$	6,304	$	846

Allocation of Allowance for Loan Losses

The following tables show the allocation of the allowance for loan losses among various categories of loans and certain other information as of the dates indicated. The allocation is made for analytical purposes and is not necessarily indicative of the categories in which future losses may occur. The total allowance is available to absorb losses from any loan category.

	September 30, 2012					December 31, 2011
(Dollars in thousands)	Amount		% Total			Amount		% Total
	(Unaudited)
Commercial and Industrial	$	1,483		24.1	%	$	899		18.2	%
Construction and Development		990		16.1	%		1,048		21.3	%
Commercial Real Estate		2,960		48.0	%		2,313		46.9	%
Residential Real Estate		715		11.6	%		633		12.8	%
Consumer		10		0.2	%		39		0.8	%
Total Allowance for Loan Losses	$	6,158		100.0	%	$	4,932		100.0	%

Specific Allocation for Impaired Loans by Class

The following table represents specific allocation for impaired loans by class as of the dates indicated:

	September 30, 2012						December 31, 2011
(Dollars in thousands)	(Unaudited)
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Unpaid Principal Balance		Recorded Investment		Related Allowance
with no related allowance
Commercial	$	—	$	—	$	—	$	—	$	—	$	—
Construction		—		—		—		—		—		—
Commercial Real Estate		—		—		—		—		—		—
Residential Real Estate		103		103		—		—		—		—
Consumer		—		—		—		—		—		—
Sub-total	$	103	$	103	$	—	$	—	$	—	$	—
with an allowance recorded
Commercial	$	1,133	$	1,133	$	551	$	1,170	$	1,170	$	301
Construction		551		409		61		1,392		1,237		355
Commercial Real Estate		5,030		5,030		356		3,755		3,755		48
Residential Real Estate		865		865		218		142		142		142
Consumer		294		294		274		—		—		—
Sub-total	$	7,873	$	7,731	$	1,460	$	6,459	$	6,304	$	846
Total	$	7,976	$	7,834	$	1,460	$	6,459	$	6,304	$	846