Loans (Tables)

3 Months Ended

Mar. 31, 2015

Loans

Schedule of major classifications of loans

(Dollars in thousands)	March 31, 2015			December 31, 2014
Residential real estate mortgage loans:
1-4 family	$	144,630		$	134,084
Home equity loans and lines of credit	78,437			79,771
Total residential real estate mortgage loans	223,067			213,855
Commercial:
Commercial real estate	115,128			108,025
Commercial business	6,026			7,698
Commercial construction	6,595			8,181
SBA	38,325			44,032
Total commercial loans	166,074			167,936
Consumer	1,267			1,372
Total loans	390,408			383,163
Allowance for loan losses	(1,975		)	(1,942		)
Net deferred loan costs	2,809			2,688
Loans, net	$	391,242		$	383,909

Schedule of the credit risk profile by internally assigned risk rating category

	March 31, 2015
	Commercial		Commercial		Commercial
(Dollars in thousands)	Real Estate		Business		Construction		SBA		Total
Loans rated 1-5	111,662		6,026		6,108		34,433		158,229
Loans rated 5.5	1,560		—		—		848		2,408
Loans rated 6	704		—		—		1,392		2,096
Loans rated 7	1,202		—		487		1,652		3,341
Loans rated 8	—		—		—		—		—
	$	115,128	$	6,026	$	6,595	$	38,325	$	166,074

	December 31, 2014
	Commercial		Commercial		Commercial
(Dollars in thousands)	Real Estate		Business		Construction		SBA		Total
Loans rated 1-5	$	102,261	$	7,698	$	7,879	$	38,778	$	156,616
Loans rated 5.5	3,964		—		—		1,159		5,123
Loans rated 6	708		—		—		1,443		2,151
Loans rated 7	1,092		—		302		2,652		4,046
Loans rated 8	—		—		—		—		—
	$	108,025	$	7,698	$	8,181	$	44,032	$	167,936

Schedule of past due loans

	March 31, 2015
(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Past Due > 90 Days and Still Accruing		Loans on Non-accrual
Residential real estate:
Residential 1-4 family	$	1,083	$	—	$	2,329	$	342	$	—	$	5,376
Home equity loans and lines of credit	362		74		213		649		—		467
Commercial real estate	—		—		—		—		—		119
Commercial business	—		—		—		—		—		—
Commercial construction	—		—		—		—		—		—
SBA	—		70		75		145		—		89
Consumer	—		—		—		—		—		—
Total gross loans	$	1,445	$	144	$	2,617	$	4,206	$	—	$	6,051

	December 31, 2014
(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Past Due > 90 Days and Still Accruing		Loans on Non-accrual
Residential real estate:
Residential 1-4 family	$	—	$	580	$	2,195	$	2,775	$	—	$	5,870
Home equity loans and lines of credit	301		8		153		462		—		370
Commercial real estate	—		—		—		—		—		—
Commercial business	—		84		—		84		—		—
Commercial construction	—		—		—		—		—		—
SBA	—		20		189		209		—		204
Consumer	—		8		—		8		—		—
Total gross loans	$	301	$	700	$	2,537	$	3,538	$	—	$	6,444

Schedule of the recorded investment in impaired loans and the related specific allowance allocated

	March 31, 2015
(Dollars in thousands)	Unpaid contractual principal balance		Total recorded investment in impaired loans		Recorded investment with no allowance		Recorded investment with allowance		Related allowance
Residential real estate:
Residential 1-4 family	$	6,167	$	5,982	$	3,752	$	2,230	$	201
Home equity loans & lines of credit	1,026		945		902		43		7
Commercial real estate	119		119		119		—		—
SBA	1,679		1,678		1,678		—		—
Consumer	15		15		—		15		4
Total	$	9,006	$	8,739	$	6,451	$	2,288	$	212

	December 31, 2014
(Dollars in thousands)	Unpaid contractual principal balance		Total recorded investment in impaired loans		Recorded investment with no allowance		Recorded investment with allowance		Related allowance
Residential real estate:
Residential 1-4 family	$	6,849	$	6,664	$	3,658	$	3,006	$	144
Home equity loans & lines of credit	889		800		693		107		68
SBA	1,808		1,806		1,671		135		13
Consumer	25		25		9		16		4
Total	$	9,571	$	9,295	$	6,031	$	3,264	$	229

Schedule of the average recorded investment in impaired loans and the related interest recognized

	Three Months Ended March 31, 2015				Three Months Ended March 31, 2014
(Dollars in thousands)	Average recorded investment		Interest income recognized		Average recorded investment		Interest income recognized
Residential 1-4 family	$	6,428	$	45	$	6,684	$	36
Home equity loans & lines of credit	850		3		342		3
Commercial real estate	60		—		—		—
SBA	1,740		345		2,464		88
Consumer	22		—		31		1
Total	$	9,100	$	83	$	9,521	$	128

Schedule of troubled debt restructuring agreements entered into during the period

	Three Months Ended March 31, 2015
(Dollars in thousands)	Number of restructurings	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment
Residential 1-4 family	1	$	289	$	289
Home equity	3	$	113	$	113
Commercial real estate	1	119		119
Total	5	$	521	$	521

	Three Months Ended March 31, 2014
(Dollars in thousands)	Number of restructurings	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment
Residential 1-4 family	3	$	834	$	834
Total	3	$	834	$	834

Schedule of troubled debt restructurings that subsequently defaulted within 12 months of restructuring

	Three Months Ended March 31, 2015
(Dollars in thousands)	Number of TDRs that defaulted	Post-modification outstanding recorded investment
Residential 1-4 family	2	$	470
SBA	1	9
Total	3	$	479

	Three Months Ended March 31, 2014
(Dollars in thousands)	Number of TDRs that defaulted	Post-modification outstanding recorded investment
Residential 1-4 family	4	$	878
Total	4	$	878

Schedule of changes in the allowance for loan losses by segment

Three Months Ended March 31, 2015

(Dollars in thousands)	Residential 1-4 family		Home Equity			Commercial Real Estate		Commercial Business			Commercial Construction			SBA			Consumer			Total
Allowance at December 31, 2014	$	654	$	584		$	400	$	28		$	30		$	236		$	10		$	1,942
Provision (credit)	111		10			25		(4		)	(4		)	(34		)	(5		)	99
Loans charged-off	—		(75		)	—		—			—			(9		)	—			(84		)
Recoveries	—		—			—		—			—			14			4			18
Allowance at March 31, 2015	$	765	$	519		$	425	$	24		$	26		$	207		$	9		$	1,975

Three Months Ended March 31, 2014

(Dollars in thousands)	Residential 1-4 family		Home Equity			Commercial Real Estate		Commercial Business			Commercial Construction		SBA		Consumer			Total
Allowance at December 31, 2013	$	462	$	605		$	321	$	29		$	24	$	197	$	18		$	1,656
Provision (credit)	86		6			13		(3		)	9		62		(6		)	167
Loans charged-off	—		(22		)	—		—			—		—		—			(22		)
Recoveries	4		11			—		—			—		2		3			20
Allowance at March 31, 2014	$	552	$	600		$	334	$	26		$	33	$	261	$	15		$	1,821

Schedule of allowance for loan losses and loan balances by impaired and non-impaired components

March 31, 2015

(Dollars in thousands)	Residential 1-4 family		Home Equity		Commercial Real Estate		Commercial Business		Commercial Construction		SBA		Consumer		Total
Allowance for impaired loans	$	201	$	7	$	—	$	—	$	—	$	—	$	4	$	212
Allowance for non-impaired loans	564		512		425		24		26		207		5		1,763
Total	$	765	$	519	$	425	$	24	$	26	$	207	$	9	$	1,975
Impaired loans	$	5,982	$	945	$	119	$	—	$	—	$	1,678	$	15	$	8,738
Non-impaired loans	138,648		77,492		115,009		6,026		6,595		36,647		1,252		383,024
Total loans	$	144,630	$	78,437	$	115,128	$	6,026	$	6,595	$	38,325	$	1,267	$	390,408

December 31, 2014

(Dollars in thousands)	Residential 1-4 family		Home Equity		Commercial Real Estate		Commercial Business		Commercial Construction		SBA		Consumer		Total
Allowance for impaired loans	$	144	$	68	$	—	$	—	$	—	$	13	$	4	$	229
Allowance for non-impaired loans	510		516		400		28		30		223		6		1,713
Total	$	654	$	584	$	400	$	28	$	30	$	236	$	10	$	1,942
Impaired loans	$	6,664	$	800	$	—	$	—	$	—	$	1,806	$	25	$	9,295
Non-impaired loans	$	127,420	78,971		108,025		7,698		8,181		42,226		1,347		373,868
Total loans	$	134,084	$	79,771	$	108,025	$	7,698	$	8,181	$	44,032	$	1,372	$	383,163