Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2012

Loans and Allowance for Loan Losses [Abstract]

Summary of Loans

	June 30, 2012						December 31, 2011
	Amount			Percent			Amount			Percent
	(unaudited)
Mortgage loans:
Residential one-to-four family	$	203,546			34.20	%	$	192,295			37.57	%
Commercial real estate loans (1)		222,974			37.47			166,261			32.49
Equity lines of credit		59,191			9.95			50,015			9.77
Construction loans		13,710			2.30			15,198			2.97
Total mortgage loans		499,421			83.92			423,769			82.80
Commercial loans		24,739			4.16			20,626			4.03
Consumer loans:
Indirect auto loans		70,224			11.8			66,401			12.97
Other consumer loans (2)		724			0.12			998			0.20
		95,687			16.08			88,025			17.20
Total loans		595,108			100.00	%		511,794			100.00	%
Net deferred loan costs		2,609						2,523
Net unamortized mortgage premiums		471						423
Allowance for loan losses		(5,360	)					(4,776	)
Total loans, net	$	592,828					$	509,964

Activity in the allowance for loan losses

	Three Months Ended June 30, 2012
	Beginning balance		Provision (benefit)			Charge-offs			Recoveries		Ending Balance
Residential one-to-four family	$	1,013	$	172		$	(127	)	$	28	$	1,086
Commercial real estate		2,302		318			—			—		2,620
Construction		163		5			—			—		168
Commercial		356		34			—			—		390
Equity lines of credit		651		179			(455	)		—		375
Indirect auto		669		119			(93	)		7		702
Consumer		22		(2	)		(4	)		3		19
Total	$	5,176	$	825		$	(679	)	$	38	$	5,360
	Three Months Ended June 30, 2011
	Beginning balance		Provision (benefit)			Charge-offs			Recoveries		Ending Balance
Residential one-to-four family	$	986	$	243		$	(210	)	$	—	$	1,019
Commercial real estate		1,414		(39	)		—			—		1,375
Construction		147		39			—			—		186
Commercial		252		66			(24	)		—		294
Equity lines of credit		200		200			(83	)		—		317
Indirect auto		310		222			(8	)		—		524
Consumer		19		5			(8	)		2		18
Unallocated		—		6			—			—		6
Total	$	3,328	$	742		$	(333	)	$	2	$	3,739
	Six Months Ended June 30, 2012
	Beginning balance		Provision (benefit)			Charge-offs			Recoveries		Ending Balance
Residential one-to-four family	$	986	$	199		$	(127	)	$	28	$	1,086
Commercial real estate		1,969		651			—			—		2,620
Construction		188		(20	)		—			—		168
Commercial		321		69			—			—		390
Equity lines of credit		632		198			(455	)		—		375
Indirect auto		664		197			(170	)		11		702
Consumer		16		12			(14	)		5		19
Total	$	4,776	$	1,306		$	(766	)	$	44	$	5,360
	Six Months Ended June 30, 2011
	Beginning balance		Provision (benefit)			Charge-offs			Recoveries		Ending Balance
Residential one-to-four family	$	1,057	$	172		$	(210	)	$	—	$	1,019
Commercial real estate		1,136		239			—			—		1,375
Construction		140		46			—			—		186
Commercial		261		94			(61	)		—		294
Equity lines of credit		236		164			(83	)		—		317
Indirect auto		38		494			(8	)		—		524
Consumer		21		3			(12	)		6		18
		—		6			—			—		6
Total	$	2,889	$	1,218		$	(374	)	$	6	$	3,739

Allowance for loan losses and recorded investment in loans by portfolio class based on impairment method

	June 30, 2012 (unaudited)
	Individually evaluated for impairment				Collectively evaluated for impairment				Total
	Loan balance		Allowance		Loan balance		Allowance		Loan Balance		Allowance
Residential one-to-four family	$	2,569	$	81	$	200,977	$	1,005	$	203,546	$	1,086
Commercial real estate		—		—		222,974		2,620		222,974		2,620
Construction		—		—		13,710		168		13,710		168
Commercial		4		—		24,735		390		24,739		390
Equity lines of credit		693		6		58,498		369		59,191		375
Indirect auto		—		—		70,224		702		70,224		702
Consumer		—		—		724		19		724		19
Total	$	3,266	$	87	$	591,842	$	5,273	$	595,108	$	5,360
	December 31, 2011
	Individually evaluated for impairment				Collectively evaluated for impairment				Total
	Loan balance		Allowance		Loan balance		Allowance		Loan Balance		Allowance
Residential one-to-four family	$	3,149	$	97	$	189,146	$	889	$	192,295	$	986
Commercial real estate		—		—		166,261		1,969		166,261		1,969
Construction		—		—		15,198		188		15,198		188
Commercial		155		—		20,471		321		20,626		321
Equity lines of credit		1,123		314		48,892		318		50,015		632
Indirect auto		—		—		66,401		664		66,401		664
Consumer		—		—		998		16		998		16
Total	$	4,427	$	411	$	507,367	$	4,365	$	511,794	$	4,776

Information about loans that meet the definition of an impaired loan

	Impaired loans with a related allowance for credit losses
	Recorded Investment		Unpaid Principal Balance		Average Recorded Investment		Specific Allowance		Income Recognized
Residential one-to-four family	$	204	$	204	$	699	$	81	$	7
Commercial real estate		—		—		—		—		—
Construction		—		—		—		—		—
Commercial		—		—		—		—		—
Equity lines of credit		116		199		644		6		—
Indirect auto		—		—		—		—		—
Consumer		—		—		—		—		—
Totals	$	320	$	403	$	1,343	$	87	$	7

	Impaired loans with no related allowance for credit losses
	Recorded Investment		Unpaid Principal Balance		Average Recorded Investment		Income Recognized
Residential one-to-four family	$	2,365	$	2,491	$	2,417	$	2
Commercial real estate		—		—		—		—
Construction		—		—		—		—
Commercial		4		4		48		2
Equity lines of credit		577		1,032		425		6
Indirect auto		—		—		—		—
Consumer		—		—		—		—
Totals	$	2,946	$	3,527	$	2,890	$	10

	Impaired loans with a related allowance for credit losses
	Recorded Investment		Unpaid Principal Balance		Average Recorded Investment		Specific Allowance		Income Recognized
Residential one-to-four family	$	705	$	705	$	403	$	97	$	21
Commercial real estate		—		—		—		—		—
Construction		—		—		—		—		—
Commercial		—		—		3		—		—
Equity lines of credit		731		731		514		314		8
Indirect auto		—		—		—		—		—
Consumer		—		—		—		—		—
Totals	$	1,436	$	1,436	$	920	$	411	$	29

	Impaired loans with no related allowance for credit losses
	Recorded Investment		Unpaid Principal Balance		Average Recorded Investment		Income Recognized
Residential one-to-four family	$	2,444	$	2,653	$	1,685	$	53
Commercial real estate		—		—		—		—
Construction		—		—		—		—
Commercial		155		155		56		7
Equity lines of credit		392		475		374		12
Indirect auto		—		—		—		—
Consumer		—		—		—		—
Totals	$	2,991	$	3,283	$	2,115	$	72

Summary of past due and non-accrual loans

	June 30, 2012 (unaudited)
	30–59 Days		60–89 Days		90 Days or More		Total Past Due		90 days or more and accruing		Loans on Non-accrual
Real estate loans:
Residential one-to-four family	$	1	$	260	$	2,569	$	2,830	$	—	$	2,569
Commercial real estate		—		—		—		—		—		—
Equity lines of credit		98		—		493		591		—		693
Construction		1,210		—		—		1,210		—		—
Other loans:
Commercial		2		—		—		2		—		4
Indirect auto		136		43		—		179		—		—
Consumer		—		—		1		1		—		1
	$	1,447	$	303	$	3,063	$	4,813	$	—	$	3,267
	December 31, 2011
	30–59 Days		60–89 Days		90 Days or More		Total Past Due		90 days or more and accruing		Loans on Non-accrual
Real estate loans:
Residential one-to-four family	$	51	$	1,188	$	1,880	$	3,119	$	—	$	3,149
Commercial real estate		—		—		—		—		—		—
Equity lines of credit		634		—		847		1,481		—		1,123
Construction		—		—		—		—		—		—
Other loans:
Commercial		10		—		7		17		—		155
Indirect auto		209		23		—		232		—		—
Consumer		—		1		—		1		—		—
	$	904	$	1,212	$	2,734	$	4,850	$	—	$	4,427

Company's loans by risk rating

	June 30, 2012
	Loans rated 1-3		Loans rated 4		Loans rated 5		Loans not rated (A)		Total
Residential one-to-four family	$	3,169	$	260	$	2,986	$	197,131	$	203,546
Commercial real estate		215,093		7,881		—		—		222,974
Construction		12,157		—		1,553		—		13,710
Commercial		24,645		71		23		—		24,739
Home equity		899		98		493		57,701		59,191
Indirect auto		—		—		—		70,224		70,224
Consumer		—		—		—		724		724
Total	$	255,963	$	8,310	$	5,055	$	325,780	$	595,108
	December 31, 2011
	Loans rated 1-3		Loans rated 4		Loans rated 5		Loans not rated (A)		Total
Residential one-to-four family	$	1,940	$	1,238	$	3,573	$	185,544	$	192,295
Commercial real estate		165,134		1,127		—		—		166,261
Construction		13,642		—		1,556		—		15,198
Commercial		20,446		—		180		—		20,626
Home equity		—		359		1,123		48,533		50,015
Indirect auto		—		—		—		66,401		66,401
Consumer		—		—		—		998		998
Total	$	201,162	$	2,724	$	6,432	$	301,476	$	511,794