Loans and Leases (Tables)

3 Months Ended

Mar. 31, 2014

Receivables [Abstract]

Summary of Loans Outstanding

Loans outstanding at March 31, 2014 and December 31, 2013, are as follows:

	(Expressed in Thousands)
	March 31, 2014		December 31, 2013
Consumer Real Estate:
Construction	$	617	$	487
Farmland		129		136
Residential 1-4 Family		23,389		23,275
Home Equity Loans		1,536		1,665
Home Equity Lines of Credit		3,454		3,684
Total Consumer Real Estate		29,125		29,247
Commercial Real Estate:
Non-farm, non-residential		34,256		35,345
Multifamily (5 or more) residential properties		7,239		8,762
Total Commercial Real Estate		41,495		44,107
Commercial and Other Loans:
Commercial		5,389		5,489
Non-rated industrial development obligations		11,838		11,200
Other loans		24		36
Total Commercial and Other Loans		17,251		16,725
Consumer Loans:
Installment and other loans to individuals		2,718		2,921
Credit Cards		518		535
Total Consumer Loans		3,236		3,456
Total loans	$	91,107		93,535
Less unearned interest and deferred fees		137		133
Gross loans	$	90,970		93,402

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):

	March 31, 2014
	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	$	17,215		$	4	$	—	$	32	$	36	$	17,251		$	—
Commercial real estate		40,611			20		36		828		884		41,495			—
Consumer real estate		28,958			85		8		74		167		29,125			—
Consumer		3,228			5		3		—		8		3,236			—
Unearned interest and deferred fees		(137	)		—		—		—		—		(137	)		—
Total loans	$	89,875		$	114	$	47	$	934	$	1,095	$	90,970		$	—
Non-accrual loans included above are as follows:
Commercial and Other Loans	$	2		$	—	$	—	$	23	$	23	$	25		$	—
Commercial real estate		—			20		—		828		848		848			—
Consumer real estate		172			85		8		74		167		339			—
Consumer		—			—		3		—		3		3			—
Total non-accrual loans	$	174		$	105	$	11	$	925	$	1,041	$	1,215		$	—

	December 31, 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	$	16,693		$	10	$	—	$	22	$	32	$	16,725		$	—
Commercial real estate		43,244			159		—		704		863		44,107			—
Consumer real estate		28,994			168		9		76		253		29,247			—
Consumer		3,451			4		—		1		5		3,456			—
Unearned interest and deferred fees		(133	)		—		—		—		—		(133	)		—
Total loans	$	92,249		$	341	$	9	$	803	$	1,153	$	93,402		$	—
Non-accrual loans included above are as follows:
Commercial and Other Loans	$	4		$	—	$	—	$	22	$	22	$	26		$	—
Commercial real estate		22			159		—		704		863		885			—
Consumer real estate		146			124		9		76		209		355			—
Consumer		—			3		—		1		4		4			—
Total non-accrual loans	$	172		$	286	$	9	$	803	$	1,098	$	1,270		$	—

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 March 31, 2014 and December 31, 2013 (in thousands):

March 31, 2014	Pass		Special Mention		Substandard		Doubtful		Total
Commercial and Other	$	17,216	$	—	$	35	$	—	$	17,251
Commercial Real Estate		33,461		3,273		4,761		—		41,495
Construction and Land Development		395		—		351		—		746
Total	$	51,072	$	3,273	$	5,147	$	—	$	59,492
Current	$	51,032	$	3,273	$	4,265	$	—	$	58,570
Past Due 30-59 days		4		—		—		—		4
Past Due 60-89 days		36		—		—		—		36
Past Due 90 days or more		—		—		9		—		9
Non- accrual		—		—		873		—		873
Total	$	51,072	$	3,273	$	5,147	$	—	$	59,492

December 31, 2013	Pass		Special Mention		Substandard		Doubtful		Total
Commercial and Other	$	16,675	$	—	$	50	$	—	$	16,725
Commercial Real Estate		35,302		3,936		4,869		—		44,107
Construction and Land Development		272		—		351		—		623
Total	$	52,249	$	3,936	$	5,270	$	—	$	61,455
Current	$	52,249	$	3,936	$	4,349	$	—	$	60,534
Past Due 30-59 days		—		—		10		—		10
Past Due 60-89 days		—		—		—		—		—
Past Due 90 days or more		—		—		—		—		—
Non- accrual		—		—		911		—		911
Total	$	52,249	$	3,936	$	5,270	$	—	$	61,455

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 March 31, 2014 and December 31, 2013 (in thousands):

March 31, 2014	Performing		Non-performing		Total
Consumer	$	3,233	$	3	$	3,236
Consumer Real Estate		28,040		339		28,379
Total	$	31,273	$	342	$	31,615

December 31, 2013	Performing		Non-performing		Total
Consumer	$	3,452	$	4	$	3,456
Consumer Real Estate		28,269		355		28,624
Total	$	31,721	$	359	$	32,080

Summary of Impaired Loans

Impaired loans at March 31, 2014 and December 31, 2013 are set forth in the following tables (in thousands):

	March 31, 2014
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Commercial and Other Loans	$	25	$	2	$	23	$	25	$	23
Commercial real estate		892		348		544		892		174
Consumer real estate		219		219		—		219		—
Total	$	1,136	$	569	$	567	$	1,136	$	197

	December 31, 2013
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance
Commercial and Other Loans	$	36	$	4	$	32	$	36	$	32
Commercial real estate		930		378		552		930		136
Consumer real estate		231		231		—		231		—
Total	$	1,197	$	613	$	584	$	1,197	$	168

Average Recorded Investment in Impaired Loans

The average recorded investment in impaired loans at March 31, 2014 and March 31, 2013 are set forth below in the following table (in thousands):

	Average Recorded Investment
	March 31, 2014		March 31, 2013
Commercial and Other Loans	$	25	$	30
Commercial real estate		911		3,081
Consumer real estate		224		223
Total	$	1,160	$	3,334

Troubled Debt Restructurings on Financing Receivables

The following tables include the recorded investment and number of modifications for newly modified loans, as of the respective dates. The Company reports the recorded investment in the loans prior to a modification and also the recorded investment in the loans after the loans were restructured.

	March 31, 2014						December 31, 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
Troubled Debt Restructurings
Commercial and Other Loans		—	$	—	$	—		—	$	—	$	—
Commercial real estate		—		—		—		1		46		46
Consumer real estate		—		—		—		—		—		—
Total		—	$	—	$	—		1	$	46	$	46
Troubled Debt Restructurings That subsequently defaulted
Commercial and Other Loans		—	$	—	$	—		—	$	—	$	—
Commercial real estate		—		—		—		—		—		—
Consumer real estate		—		—		—		—		—		—
Total		—	$	—	$	—		—	$	—	$	—