Loans and Leases (Tables)

9 Months Ended

Sep. 30, 2013

Receivables [Abstract]

Summary of Loans Outstanding

Loans outstanding at September 30, 2013 and December 31, 2012, are as follows:

	(Expressed in Thousands)
	September 30, 2013		December 31, 2012
Consumer Real Estate:
Construction	$	485	$	730
Farmland		141		239
Residential 1-4 Family		23,959		22,439
Home Equity Loans		1,702		1,960
Home Equity Lines of Credit		3,586		3,157
Total Consumer Real Estate		29,873		28,525
Commercial Real Estate:
Non-farm, non-residential		36,383		41,164
Multifamily (5 or more) residential properties		8,333		8,986
Total Commercial Real Estate		44,716		50,150
Commercial and Other Loans:
Commercial		4,910		5,626
Non-rated industrial development obligations		12,216		9,954
Other loans		24		23
Total Commercial and Other Loans		17,150		15,603
Consumer Loans:
Installment and other loans to individuals		3,294		4,668
Credit Cards		532		563
Total Consumer Loans		3,826		5,231
Total loans	$	95,565	$	99,509
Less unearned interest and deferred fees		119		122
Net loans	$	95,446	$	99,387

Summary of Contractual Aging of 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, 2013
	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	$	17,128		$	—	$	—	$	22	$	22	$	17,150		$	—
Commercial real estate		43,894			94		—		728		822		44,716			—
Consumer real estate		29,553			80		163		77		320		29,873			—
Consumer		3,815			8		—		3		11		3,826			—
Unearned interest and deferred fees		(119	)		—		—		—		—		(119	)		—
Total loans	$	94,271		$	182	$	163	$	830	$	1,175	$	95,446		$	—
Non-accrual loans included above are as follows:
Commercial and Other Loans	$	5		$	—	$	—	$	22	$	22	$	27		$	—
Commercial real estate		191			—		—		728		728		919			—
Consumer real estate		166			—		99		77		176		342			—
Consumer		—			4		—		3		7		7			—
Total non-accrual loans	$	362		$	4	$	99	$	830	$	933	$	1,295		$	—

	December 31, 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	$	15,515		$	65	$	—	$	23	$	88	$	15,603		$	—
Commercial real estate		47,261			31		—		2,858		2,889		50,150			—
Consumer real estate		28,006			139		295		85		519		28,525			—
Consumer		5,214			4		7		6		17		5,231			—
Unearned interest and deferred fees		(122	)		—		—		—		—		(122	)		—
Total loans	$	95,874		$	239	$	302	$	2,972	$	3,513	$	99,387		$	—
Non-accrual loans included above are as follows:
Commercial and Other Loans	$	8		$	—	$	—	$	23	$	23	$	31		$	—
Commercial real estate		257			—		—		2,858		2,858		3,115			—
Consumer real estate		195			108		—		85		193		388			—
Consumer		10			—		1		6		7		17			—
Total non-accrual loans	$	470		$	108	$	1	$	2,972	$	3,081	$	3,551		$	—

Risk Category of Loans by Class of Loan Based on Most Recent Analysis

The following tables present the risk category of loans by class of loans based on the most recent analysis performed and the contractual aging as of September 30, 2013 and December 31, 2012 (in thousands):

September 30, 2013	Pass		Special Mention		Substandard		Doubtful		Total
Commercial and Other	$	17,114	$	—	$	36	$	—	$	17,150
Commercial Real Estate		35,324		4,418		4,974		—		44,716
Construction and Land Development		305		—		321		—		626
Total	$	52,743	$	4,418	$	5,331	$	—	$	62,492
Current	$	52,743	$	4,418	$	4,291	$	—	$	61,452
Past Due 30-59 days		—		—		94		—		94
Past Due 60-89 days		—		—		—		—		—
Past Due 90 days or more		—		—		—		—		—
Non- accrual		—		—		946		—		946
Total	$	52,743	$	4,418	$	5,331	$	—	$	62,492

December 31, 2012	Pass		Special Mention		Substandard		Doubtful		Total
Commercial and Other	$	15,572	$	—	$	31	$	—	$	15,603
Commercial Real Estate		39,873		3,465		6,812		—		50,150
Construction and Land Development		969		—		—		—		969
Total	$	56,414	$	3,465	$	6,843	$	—	$	66,722
Current	$	56,349	$	3,465	$	3,728	$	—	$	63,542
Past Due 30-59 days		65		—		—		—		65
Past Due 60-89 days		—		—		—		—		—
Past Due 90 days or more		—		—		—		—		—
Non- accrual		—		—		3,115		—		3,115
Total	$	56,414	$	3,465	$	6,843	$	—	$	66,722

Recorded Investment of Loans by Class of Loan Based on Payment Activity

For consumer and consumer real estate loan classes, the Company also evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the recorded investment in those loan classes based on payment activity as of September 30, 2013 and December 31, 2012 (in thousands):

September 30, 2013	Performing		Non-performing		Total
Consumer	$	3,819	$	7	$	3,826
Consumer Real Estate		28,905		342		29,247
Total	$	32,724	$	349	$	33,073
December 31, 2012	Performing		Non-performing		Total
Consumer	$	5,214	$	17	$	5,231
Consumer Real Estate		28,247		388		28,635
Total	$	33,461	$	405	$	33,866

Summary of Impaired Loans

Impaired loans at September 30, 2013 and December 31, 2012 are set forth in the following tables (in thousands):

	September 30, 2013
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Commercial and Other Loans	$	27	$	5	$	22	$	27	$	22
Commercial real estate		965		569		396		965		186
Consumer real estate		214		214		—		214		—
Total	$	1,206	$	788	$	418	$	1,206	$	208

	December 31, 2012
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Commercial and Other Loans	$	31	$	8	$	23	$	31	$	23
Commercial real estate		3,115		537		2,578		3,115		619
Consumer real estate		226		226		—		226		—
Total	$	3,372	$	771	$	2,601	$	3,372	$	642

Average Recorded Investment in Impaired Loans

The average recorded investment in impaired loans are set forth below in the following table (in thousands):

	Average Recorded Investment
	For the three months ended				For the nine months ended
	September 30, 2013		September 30, 2012		September 30, 2013		September 30, 2012
Commercial and Other Loans		32		33		31		32
Commercial real estate		1,865		3,105		2,754		3,088
Consumer real estate		245		528		247		525
Total	$	2,142	$	3,666	$	3,032	$	3,645