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NOTE 4 - ALLOWANCE FOR LOAN LOSSES (Tables)

9 Months Ended

Sep. 30, 2012

Allowance for Credit Losses on Financing Receivables [Table Text Block]

			For the three months ended September 30, 2012
							Real Estate				Real Estate				Real Estate
			Commercial				Commercial				Construction				Mortgage				Installment				Other				Unallocated				Total
Allowance for Loan Losses
Balance June 30, 2012		$	1,260			$	6,586			$	1,387			$	925			$	141			$	768			$	665			$	11,732
Charge-offs			(250	)			(113	)			(492	)			(143	)			(48	)			(48	)							(1,094	)
Recoveries			13				—				43				1				29				3								89
Provisions for loan losses			(261	)			435				(23	)			422				—				60				67				700
Balance September 30, 2012		$	762			$	6,908			$	915			$	1,205			$	122			$	783			$	732			$	11,427

			For the three months ended September 30, 2011
							Real Estate				Real Estate				Real Estate
			Commercial				Commercial				Construction				Mortgage				Installment				Other				Unallocated				Total
Allowance for Loan Losses
Balance June 30, 2011		$	1,931			$	8,778			$	1,339			$	1,015			$	251			$	745			$	687			$	14,746
Charge-offs			(54	)			(1,115	)			(159	)			(73	)			(42	)			(128	)							(1,571	)
Recoveries			59				—				—				2				35				—								96
Provisions for loan losses			(229	)			394				130				(13	)			(34	)			123				29				400
Balance September 30, 2011		$	1,707			$	8,057			$	1,310			$	931			$	210			$	740			$	716			$	13,671

			For the nine months ended September 30, 2012
							Real Estate				Real Estate				Real Estate
			Commercial				Commercial				Construction				Mortgage				Installment				Other				Unallocated				Total
Allowance for Loan Losses
Balance December 31, 2011		$	1,333			$	7,528			$	1,039			$	935			$	185			$	736			$	900			$	12,656
Charge-offs			(456	)			(1,730	)			(822	)			(333	)			(190	)			(120	)							(3,651	)
Recoveries			39				63				80				37				94				9								322
Provisions for loan losses			(154	)			1,047				618				566				33				158				(168	)			2,100
Balance September 30, 2012		$	762			$	6,908			$	915			$	1,205			$	122			$	783			$	732			$	11,427

		As of September 30, 2012
Reserve to impaired loans		$	—			$	417			$	—			$	50			$	—			$	—			$	—			$	467
Reserve to non-impaired loans		$	762			$	6,491			$	915			$	1,155			$	122			$	783			$	732			$	10,960

			For the nine months ended September 30, 2011
							Real Estate				Real Estate				Real Estate
			Commercial				Commercial				Construction				Mortgage				Installment				Other				Unallocated				Total
Allowance for Loan Losses
Balance December 31, 2010		$	1,517			$	8,439			$	1,936			$	956			$	339			$	666			$	1,140			$	14,993
Charge-offs			(928	)			(1,973	)			(356	)			(354	)			(334	)			(429	)							(4,374	)
Recoveries			197				—				10				2				193				—								402
Provisions for loan losses			921				1,591				(280	)			327				12				503				(424	)			2,650
Balance September 30, 2011		$	1,707			$	8,057			$	1,310			$	931			$	210			$	740			$	716			$	13,671

		As of September 30, 2011
Reserve to impaired loans		$	713			$	352			$	241			$	119			$	—			$	—			$	—			$	1,425
Reserve to non-impaired loans		$	994			$	7,705			$	1,069			$	812			$	210			$	740			$	716			$	12,246

		As of December 31, 2011
Reserve to impaired loans		$	450			$	606			$	504			$	37			$	13			$	—			$	—			$	1,610
Reserve to non-impaired loans		$	883			$	6,922			$	535			$	898			$	172			$	736			$	900			$	11,046

Loans		As of September 30, 2012
						Real Estate				Real Estate				Real Estate
		Commercial				Commercial				Construction				Mortgage				Installment				Other				Total
Total Loans		$	38,087			$	290,478			$	25,232			$	80,897			$	7,310			$	47,253			$	489,257
Impaired Loans		$	800			$	7,663			$	1,760			$	966			$	109			$	275			$	11,573
Non-impaired loans		$	37,287			$	282,815			$	23,472			$	79,931			$	7,201			$	46,978			$	477,684

		As of December 31, 2011
						Real Estate				Real Estate				Real Estate
		Commercial				Commercial				Construction				Mortgage				Installment				Other				Total
Total Loans		$	46,160			$	276,644			$	27,463			$	47,362			$	10,925			$	47,965			$	456,519
Impaired Loans		$	1,788			$	5,998			$	9,440			$	938			$	107			$	88			$	18,359
Non-impaired loans		$	44,372			$	270,646			$	18,023			$	46,424			$	10,818			$	47,877			$	438,160

Concentration Risk, Credit Risk, Loan Products

		As of September 30, 2012
		Pass				Special Mention				Substandard				Doubtful				Total
Commercial		$	36,691			$	105			$	1,291			$	—			$	38,087
Real estate - commercial			268,915				69				21,494				—				290,478
Real estate - construction			23,223				—				2,009				—				25,232
Real estate - mortgage			78,032				—				2,865				—				80,897
Installment			7,194				—				116				—				7,310
Other			46,806				—				447				—				47,253
Total		$	460,861			$	174			$	28,222			$	—			$	489,257

		As of December 31, 2011
		Pass				Special Mention				Substandard				Doubtful				Total
Commercial		$	39,319			$	3,067			$	3,774			$	—			$	46,160
Real estate - commercial			248,696				5,055				22,893				—				276,644
Real estate - construction			17,624				167				9,672				—				27,463
Real estate - mortgage			43,760				886				2,716				—				47,362
Installment			10,702				—				223				—				10,925
Other			47,638				—				327				—				47,965
Total		$	407,739			$	9,175			$	39,605			$	—			$	456,519

Description of loan products whose terms, when considered either individually or as a group, may increase an entity's exposure to credit risk. Loan products having the following characteristics are examples of products that may create risk: (1) borrowers subject to significant payment increases, (2) loans that permit negative amortization, and (3) loans with high loan-to-value ratios. Includes disclosures of information about the shared characteristic that identifies the concentration, the maximum amount of loss due to credit risk that would be incurred if the borrower failed completely to perform and any security or collateral proved to be of no value, and the entity's policy of requiring collateral or other security for these loan products, including information about the entity's access to the collateral and a brief description of the collateral.

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