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NOTE 3 - LOANS (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of classifications of loans

		June 30,				December 31,
		2013				2012
Commercial		$	49,054			$	46,078
Real estate - commercial			319,206				295,630
Real estate - construction			18,535				23,003
Real estate - mortgage			68,637				74,353
Installment			6,026				6,689
Other			42,547				45,941
Gross loans			504,005				491,694
Deferred loan fees, net			269				517
Allowance for loan losses			(9,527	)			(10,458	)
Total loans, net		$	494,747			$	481,753

Schedule of impaired loans and related allowance for loan losses

		As of June 30, 2013												As of December 31, 2012
		Recorded Investment				Unpaid Principal Balance				Related Allowance				Recorded Investment				Unpaid Principal Balance				Related Allowance
With no allocated allowance
Commercial		$	175			$	175			$	—			$	585			$	586			$	—
Real estate - commercial			5,002				5,309				—				2,778				2,974				—
Real estate - construction			860				870				—				1,210				1,273				—
Real estate - mortgage			1,173				1,203				—				684				736				—
Installment			116				134				—				122				138				—
Other			253				266				—				111				120				—
Subtotal			7,579				7,957				—				5,490				5,827				—

With allocated allowance
Commercial			473				485				88				—				—				—
Real estate - commercial			—				—				—				184				217				171
Real estate - construction			—				—				—				161				161				18
Real estate - mortgage			164				164				164				—				—				—
Other			140				140				140				—				—				—
Subtotal			777				789				392				345				378				189
Total Impaired Loans		$	8,356			$	8,746			$	392			$	5,835			$	6,205			$	189

Schedule of average balance related to impaired loans

		For the three months ended June 30,
		2013								2012

			Average Book Balance				Interest Income Recognized				Average Book Balance				Interest Income Recognized

Commercial		$	438			$	—			$	1,143			$	—
Real estate - commercial			5,357				21				5,989				—
Real estate - construction			874				6				8,388				—
Real estate - mortgage			1,371				10				950				—
Installment			144				1				140				—
Other			407				—				124				—
Total		$	8,591			$	38			$	16,734			$	—

		For the six months ended June 30,
		2013								2012
		Average Book Balance				Interest Income Recognized				Average Book Balance				Interest Income Recognized

Commercial		$	455			$	—			$	1,173			$	—
Real estate - commercial			5,370				41				6,119				—
Real estate - construction			877				13				8,394				—
Real estate - mortgage			1,379				20				964				—
Installment			145				2				144				—
Other			408				—				138				—
Total		$	8,634			$	76			$	16,932			$	—

Schedule of nonperforming loans

		June 30, 2013				December 31, 2012
Nonaccrual loans		$	5,871			$	5,835
Loans 90 days past due or more but still accruing interest			—				—
Total nonperforming loans		$	5,871			$	5,835

Nonaccrual loans to total gross loans			1.16	%			1.19	%
Nonperforming loans to total gross loans			1.16	%			1.19	%

Schedule of aging analysis of loan portfolio by amount of time past due

		As of June 30, 2013
			Accruing Interest
			Current				30-89 Days Past Due				Greater than 90 Days Past Due				Nonaccrual				Total

Commercial		$	48,406			$	—			$	—			$	648			$	49,054
Real estate - commercial			315,464				73				—				3,669				319,206
Real estate - construction			18,085				—				—				450				18,535
Real estate - mortgage			67,993				22				—				622				68,637
Installment			5,890				47				—				89				6,026
Other			42,154				—				—				393				42,547
Total		$	497,992			$	142			$	—			$	5,871			$	504,005

			As of December 31, 2012
			Accruing Interest
			Current				30-89 Days Past Due				Greater than 90 Days Past Due				Nonaccrual				Total

Commercial		$	45,473			$	20			$	—			$	585			$	46,078
Real estate - commercial			292,505				163				—				2,962				295,630
Real estate - construction			21,436				196				—				1,371				23,003
Real estate - mortgage			72,907				762				—				684				74,353
Installment			6,529				38				—				122				6,689
Other			45,581				249				—				111				45,941
Total		$	484,431			$	1,428			$	—			$	5,835			$	491,694

Schedule of troubled debt restructuring

		For the three months ended June 30,2013												For the six months ended June 30, 2013
			Number of Contracts				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment				Number of Contracts				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
Commercial			—			$	—			$	—				1			$	45			$	45
Real estate - commercial			—			$	—			$	—				1			$	290			$	290
Real estate-construction			—			$	—			$	—				1			$	77			$	77
Real estate - mortgage			1			$	201			$	201				1			$	201			$	201
Other			1			$	48			$	48				1			$	48			$	48

		For the three months ended June 30, 2012												For the six months ended June 30, 2012
		Number of Contracts				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment				Number of Contracts				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
Commercial			1			$	1,076			$	1,076				1			$	1,076			$	1,076
Real estate - commercial			2			$	278			$	278				2			$	278			$	278
Installment			1			$	25			$	25				2			$	73			$	73

Nonperforming Loans Accruing Interest

Schedule of troubled debt restructuring

		June 30, 2013
Accruing TDRs		Number of Contracts				Rate Reduction				Maturity Extension				Rate Reduction and Maturity Extension				Total
Real estate - commercial			5			$	—			$	199			$	1,133			$	1,332
Real estate - construction			2			$	—			$	411			$	—			$	411
Real estate - mortgage			2			$	—			$	295			$	420			$	715
Installment			1			$	—			$	—			$	27			$	27

December 31, 2012
Accruing TDRs			Number of Contracts				Rate Reduction				Maturity Extension				Rate Reduction and Maturity Extension				Total
Real estate - commercial			5			$	202			$	—			$	1,148			$	1,350
Real estate-construction			1			$	—			$	343			$	—			$	343
Real estate - mortgage			2			$	—			$	298			$	423			$	721

Nonaccrual Loans

Schedule of troubled debt restructuring

		June 30, 2013
Nonaccrual TDRs		Number of Contracts				Rate Reduction				MaturityExtension				Rate Reduction and Maturity Extension				Total
Commercial			2			$	—			$	—			$	518			$	518
Real estate - commercial			1			$	—			$	—			$	290			$	290
Real estate - mortgage			1			$	—			$	—			$	201			$	201
Installment			3			$	—			$	—			$	89			$	89
Other			2			$	—			$	—			$	72			$	72

		December 31, 2012
Nonaccrual TDRs			Number of Contracts				Rate Reduction				Maturity Extension				Rate Reduction and Maturity Extension				Total
Commercial			1			$	—			$	—			$	529			$	529
Real estate-construction			2			$	327			$	71			$	—			$	398
Installment			4			$	—			$	—			$	120			$	120
Other			1			$	—			$	—			$	25			$	25

Tabular disclosure of troubled debt restructuring which results when the debtor restructures the terms of its debt with a creditor due to the debtor's financial difficulties and the creditor grants certain concessions to obtain payment it might not otherwise receive. Includes a description of the principal changes in terms, the major features of settlement for each restructuring, the aggregate gain on restructuring and the related income tax effect, the per share amount of the total gain on restructuring, net of related income tax effect, and the total gain (loss) on transfers of assets recognized during the period. After the troubled debt restructuring has occurred debtors discuss the extent and amount to which amounts contingently payable are included in the carrying amount of restructured payables, and the conditions under which those amounts would become payable or would be forgiven when there is at least a reasonable possibility that a liability for contingent payments will be incurred.

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