Loans and Leases (Tables)

9 Months Ended

Sep. 30, 2012

Loans and Leases [Abstract]

Loans And Leases

Loans outstanding at September 30, 2012 and December 31, 2011, are as follows:

	(Expressed in Thousands)
	September 30, 2012		December 31, 2011
Commercial and Other Loans:
Commercial	$	4,754	$	4,354
Non-rated industrial development obligations		10,475		11,508
Other loans		20		76
Total Commercial and Other Loans		15,249		15,938
Commercial Real Estate:
Non-farm, non-residential		42,381		49,146
Multifamily (5 or more) residential properties		6,919		7,222
Total Commercial Real Estate		49,300		56,368
Consumer Real Estate:
Construction		1,765		295
Farmland		247		213
Residential 1-4 Family		23,395		24,961
Home Equity Loans		2,124		2,380
Home Equity Lines of Credit		2,949		2,303
Total Consumer Real Estate		30,480		30,152
Consumer Loans:
Installment and other loans to individuals		5,252		6,484
Credit Cards		534		606
Total Consumer Loans		5,786		7,090
Total loans	$	100,815	$	109,548
Less unearned interest and deferred fees		89		119
Net loans	$	100,726	$	109,429

Summary of contractual aging of the loans in past due, by class of loans

The following tables present the aging of the recorded investment in past due loans by class of loans (in thousands):

	September 30, 2012
	Current			30-59 Days Past Due		60-89 Days Past Due		90 Days or more Past Due		Total Past Due		Total Loans			90 Days or more Past Due and Accruing
Commercial and Other Loans	$	15,181		$	45	$	—	$	23	$	68	$	15,249		$	—
Commercial real estate		46,122			148		—		3,030		3,178		49,300			—
Consumer real estate		30,240			123		—		117		240		30,480			32
Consumer		5,757			22		5		2		29		5,786			—
Unearned interest and deferred fees		(89	)		—		—		—		—		(89	)		—
Total loans	$	97,211		$	338	$	5	$	3,172	$	3,515	$	100,726		$	32
Non-accrual loans included above are as follows:
Commercial and Other Loans	$	10		$	—	$	—	$	23	$	23	$	33		$	—
Commercial real estate		266			—		—		3,030		3,030		3,296			—
Consumer real estate		198			115		—		85		200		398			—
Consumer		13			4		3		2		9		22			—
Total non-accrual loans	$	487		$	119	$	3	$	3,140	$	3,262	$	3,749		$	—

	December 31, 2011
	Current			30-59 Days Past Due		60-89 Days Past Due		90 Days or more Past  Due		Total Past Due		Total Loans			90 Days or more Past Due and Accruing
Commercial and Other Loans	$	15,655		$	257	$	—	$	26	$	283	$	15,938		$	—
Commercial real estate		52,727			409		36		3,196		3,641		56,368			—
Consumer real estate		29,681			221		140		110		471		30,152			—
Consumer		7,040			9		17		24		50		7,090			—
Unearned interest and deferred fees		(119	)		—		—		—		—		(119	)		—
Total loans	$	104,984		$	896	$	193	$	3,356	$	4,445	$	109,429		$	—
Non-accrual loans included above are as follows:
Commercial and Other Loans	$	13		$	—	$	—	$	26	$	26	$	39		$	—
Commercial real estate		253			84		—		3,196		3,280		3,533			—
Consumer real estate		232			105		—		110		215		447			—
Consumer		—			—		3		24		27		27			—
Total non-accrual loans	$	498		$	189	$	3	$	3,356	$	3,548	$	4,046		$	—

The risk category of loans by class of loan based on the most recent analysis

The following tables present the risk category of loans based on the most recent analysis performed and the contractual aging as of September 30, 2012 and December 31, 2011 (in thousands):

September 30, 2012	Pass		Special Mention		Substandard		Doubtful		Total
Commercial and Other	$	15,210	$	—	$	39	$	—	$	15,249
Commercial Real Estate		39,846		2,398		7,056		—		49,300
Construction and Land Development		1,066		946		—		—		2,012
Total	$	56,122	$	3,344	$	7,095	$	—	$	66,561
Current	$	56,077	$	3,344	$	3,651	$	—	$	63,072
Past Due 30-59 days		45		—		148		—		193
Past Due 60-89 days		—		—		—		—		—
Past Due 90 days or more		—		—		—		—		—
Non-accrual		—		—		3,296		—		3,296
Total	$	56,122	$	3,344	$	7,095	$	—	$	66,561

December 31, 2011	Pass		Special Mention		Substandard		Doubtful		Total
Commercial and Other	$	15,882	$	—	$	56	$	—	$	15,938
Commercial Real Estate		43,067		5,807		6,786		708		56,368
Construction and Land Development		508		—		—		—		508
Total	$	59,457	$	5,807	$	6,842	$	708	$	72,814
Current	$	59,164	$	5,807	$	3,653	$	—	$	68,624
Past Due 30-59 days		257		—		325		—		582
Past Due 60-89 days		36		—		—		—		36
Past Due 90 days or more		—		—		—		—		—
Non-accrual		—		—		2,864		708		3,572
Total	$	59,457	$	5,807	$	6,842	$	708	$	72,814

The recorded investment of loans by class of loan based on payment activity

The following table presents the recorded investment in those loan classes based on payment activity as of September 30, 2012 and December 31, 2011 (in thousands):

September 30, 2012	Performing		Non-performing		Total
Consumer	$	5,764	$	22	$	5,786
Consumer Real Estate		30,050		430		30,480
Total	$	35,814	$	452	$	36,266

December 31, 2011	Performing		Non-performing		Total
Consumer	$	7,063	$	27	$	7,090
Consumer Real Estate		29,705		447		30,152
Total	$	36,768	$	474	$	37,242

Summary of impaired loans

Impaired loans at September 30, 2012 and December 31, 2011 are set forth in the following tables (in thousands):

	September 30, 2012
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Commercial and Other Loans	$	34	$	10	$	24	$	34	$	24
Commercial real estate		3,296		572		2,724		3,296		795
Consumer real estate		234		234		—		234		—
Total	$	3,564	$	816	$	2,748	$	3,564	$	819

	December 31, 2011
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Commercial and Other Loans	$	46	$	39	$	7	$	46	$	7
Commercial real estate		3,533		1,056		2,477		3,533		829
Consumer real estate		312		312		—		312		—
Total	$	3,891	$	1,407	$	2,484	$	3,891	$	836

The average recorded investment in impaired loans are set forth below in the following table. No interest income was recognized on impaired loans subsequent to their classification as impaired (in thousands):

	Average Recorded Investment
	For the three months ended				For the nine months ended
	September 30, 2012		September 30, 2011		September 30, 2012		September 30, 2011
Commercial and Other Loans		33		42		32		44
Commercial real estate		3,105		3,688		3,088		3,883
Consumer real estate		528		330		525		347
Total	$	3,666	$	4,060	$	3,645	$	4,274