Note 4 - Loans

6 Months Ended

Jun. 30, 2013

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4.  Loans

In the tables below, loan classes are based on the Federal Deposit Insurance Corporation’s (“FDIC”) classification code, and portfolio segments are an aggregation of those classes based on the methodology used to develop and document the allowance for loan losses. FDIC classification codes are based on the underlying loan collateral.

The tabular disclosures in this Note include amounts related to other loans held for sale, which are reported separately from the Company’s gross loan portfolio on the Consolidated Balance Sheets and are subject to different accounting and reporting standards. Inclusion of other loans held for sale with the related disclosures for gross loans provides a more accurate and relevant picture of the Company’s credit exposures.

Composition

The following table summarizes gross loans and other loans held for sale, categorized by portfolio segment, at the dates indicated (dollars in thousands).

	June 30, 2013					December 31, 2012
	Total		% of total			Total			% of total
Commercial real estate	$	449,619		60.6	%	$	459,212			62.1	%
Single-family residential		170,735		23.0			168,180			22.8
Commercial and industrial		63,993		8.6			51,661			7.0
Consumer		48,480		6.6			50,574			6.8
Other		8,528		1.2			9,431			1.3
Total loans	$	741,355		100.0	%	$	739,058			100.0	%
Less: other loans held for sale		-					(776	)
Loans, gross	$	741,355				$	738,282

Loans included in the preceding table are net of unearned income, charge-offs and unamortized deferred fees and costs on originated loans. Net unearned income and deferred fees totaled $449 thousand and $320 thousand at June 30, 2013 and December 31, 2012, respectively.

Pledged

To borrow from the Federal Home Loan Bank (the “FHLB”), members must pledge collateral. Acceptable collateral includes, among other types of collateral, a variety of loans including residential, multifamily, home equity lines and second mortgages as well as qualifying commercial loans. At June 30, 2013 and December 31, 2012, $201.0 million and $201.2 million of gross loans, respectively, were pledged to collateralize FHLB borrowings of which $81.5 million and $79.9 million, respectively, were available as lendable collateral.

At June 30, 2013 and December 31, 2012, $2.2 million and $2.5 million, respectively, of loans were pledged as collateral to cover the various Federal Reserve services that are available for use by the Bank of which $2.0 million and $2.2 million, respectively, were available as lendable collateral.

Concentrations

The following table summarizes loans secured by commercial real estate, categorized by class, at June 30, 2013 (dollars in thousands).

	Total commercial real estate loans		% of gross loans			% of Bank's total regulatory capital
Secured by commercial real estate
Construction, land development, and other land loans	$	69,335		9.3	%		58.0	%
Multifamily residential		11,196		1.5			9.4
Nonfarm nonresidential		369,088		49.8			308.8
Total loans secured by commercial real estate	$	449,619		60.6	%		376.2	%

The following table further categorizes loans secured by commercial real estate at June 30, 2013 (dollars in thousands).

	Total commercial real estate loans		% of gross loans			% of Bank's total regulatory capital
Development commercial real estate loans
Secured by:
Land - unimproved (commercial or residential)	$	21,826		2.9	%		18.3	%
Land development - commercial		6,941		0.9			5.8
Land development - residential		7,808		1.1			6.5
Commercial construction:
Retail		4,173		0.6			3.5
Multifamily		524		0.1			0.4
Industrial and warehouse		766		0.1			0.6
Miscellaneous commercial		12,616		1.7			10.6
Total development commercial real estate loans		54,654		7.4			45.7
Existing and other commercial real estate loans
Secured by:
Hotel / motel		57,628		7.8			48.2
Retail		26,208		3.5			21.9
Office		10,936		1.5			9.2
Multifamily		11,196		1.5			9.4
Industrial and warehouse		8,387		1.1			7.0
Healthcare		14,223		1.9			11.9
Miscellaneous commercial		112,410		15.2			94.1
Residential construction - speculative		370		-			0.3
Total existing and other commercial real estate loans		241,358		32.5			202.0
Commercial real estate owner occupied and residential loans
Secured by:
Commercial - owner occupied		139,348		18.8			116.6
Commercial construction - owner occupied		7,397		1.0			6.2
Residential construction - contract		6,862		0.9			5.7
Total commercial real estate owner occupied and residential loans		153,607		20.7			128.5
Total loans secured by commercial real estate	$	449,619		60.6	%		376.2	%

Asset Quality

The following table summarizes various internal credit quality indicators of gross loans, by class, at June 30, 2013 (in thousands).

	Construction, land development and other land loans		Multifamily residential		Nonfarm nonresidential		Total commercial real estate
Grade 1	$	-	$	-	$	-	$	-
Grade 2		-		-		-		-
Grade 3		8,785		283		78,537		87,605
Grade 4		28,144		1,381		166,570		196,095
Grade W		8,432		9,342		64,670		82,444
Grade 5		2,021		-		20,326		22,347
Grade 6		5,078		181		37,066		42,325
Grade 7		803		-		1,615		2,418
Not risk rated*		16,072		9		304		16,385
Total	$	69,335	$	11,196	$	369,088	$	449,619

* Consumer real estate loans, included within construction, land development and other land loans, are not risk rated in accordance with the Company's policy.

	Commercial and industrial
Grade 1	$	2,151
Grade 2		1,122
Grade 3		8,291
Grade 4		41,678
Grade W		5,938
Grade 5		864
Grade 6		3,416
Grade 7		480
Not risk rated		53
Total	$	63,993

	Single-family residential revolving, open end loans		Single-family residential closed end, first lien		Single-family residential closed end, junior lien		Total single-family residential loans
Performing	$	60,777	$	101,211	$	4,067	$	166,055
Nonperforming		912		3,494		274		4,680
Total	$	61,689	$	104,705	$	4,341	$	170,735

	Credit cards		Consumer-other		Total consumer
Performing	$	-	$	48,250	$	48,250
Nonperforming		5		225		230
Total	$	5	$	48,475	$	48,480

	Other
Performing	$	8,527
Nonperforming		1
Total	$	8,528

The following table summarizes various internal credit quality indicators on gross loans and other loans held for sale, by class, at December 31, 2012 (in thousands).

	Construction, land development and other land loans		Multifamily residential		Nonfarm nonresidential		Commercial real estate in other loans held for sale		Total commercial real estate
Grade 1	$	-	$	-	$	2,643	$	-	$	2,643
Grade 2		-		-		-		-		-
Grade 3		10,384		404		83,554		-		94,342
Grade 4		22,384		1,391		151,956		-		175,731
Grade W		6,735		2,431		73,306		-		82,472
Grade 5		3,354		7,183		28,910		-		39,447
Grade 6		4,000		246		38,328		-		42,574
Grade 7		2,780		-		1,801		776		5,357
Not risk rated*		16,486		4		156		-		16,646
	$	66,123	$	11,659	$	380,654	$	776	$	459,212
Less: Commercial real estate included in other loans held for sale										(776	)
Total									$	458,436

* Consumer real estate loans, included within construction, land development and other land loans, are not risk rated in accordance with the Company's policy.

	Commercial and industrial
Grade 1	$	3,462
Grade 2		208
Grade 3		7,210
Grade 4		28,293
Grade W		7,330
Grade 5		677
Grade 6		3,701
Grade 7		732
Not risk rated		48
Total	$	51,661

	Single-family residential revolving, open end loans		Single-family residential closed end, first lien		Single-family residential closed end, junior lien		Total single-family residential loans
Performing	$	58,935	$	99,080	$	4,608	$	162,623
Nonperforming		816		4,442		299		5,557
Total	$	59,751	$	103,522	$	4,907	$	168,180

	Credit cards		Consumer-other		Total consumer
Performing	$	-	$	50,310	$	50,310
Nonperforming		17		247		264
Total	$	17	$	50,557	$	50,574

	Other
Performing	$	9,429
Nonperforming		2
Total	$	9,431

The following table summarizes delinquencies, by class, at June 30, 2013 (in thousands).

	30-89 days past due		Greater than 90 days past due on nonaccrual		Total past due		Current		Total loans
Construction, land development and other land loans	$	218	$	3,970	$	4,188	$	65,147	$	69,335
Multifamily residential		-		181		181		11,015		11,196
Nonfarm nonresidential		1,120		5,196		6,316		362,772		369,088
Total commercial real estate		1,338		9,347		10,685		438,934		449,619
Single-family real estate, revolving, open end loans		148		912		1,060		60,629		61,689
Single-family real estate, closed end, first lien		815		3,494		4,309		100,396		104,705
Single-family real estate, closed end, junior lien		42		274		316		4,025		4,341
Total single-family residential		1,005		4,680		5,685		165,050		170,735
Commercial and industrial		442		2,494		2,936		61,057		63,993
Credit cards		-		5		5		-		5
All other consumer		189		225		414		48,061		48,475
Total consumer		189		230		419		48,061		48,480
Farmland		-		-		-		3,182		3,182
Obligations of states and political subdivisions of the U.S.		-		-		-		541		541
Other		-		1		1		4,804		4,805
Total other		-		1		1		8,527		8,528
Total loans, gross	$	2,974	$	16,752	$	19,726	$	721,629	$	741,355

Additional interest income of $193 thousand and $348 thousand would have been reported during the three and six months ended June 30, 2013, respectively, had loans classified as nonaccrual during the period performed in accordance with their current contractual terms. The Company’s earnings did not include this interest income.

The following table summarizes delinquencies, by class, at December 31, 2012 (in thousands).

	30-89 days past due		Greater than 90 days past due on nonaccrual			Total past due			Current		Total loans
Construction, land development and other land loans	$	175	$	5,467		$	5,642		$	61,257	$	66,899
Multifamily residential		245		-			245			11,414		11,659
Nonfarm nonresidential		4,574		3,732			8,306			372,348		380,654
Total commercial real estate		4,994		9,199			14,193			445,019		459,212
Single-family real estate, revolving, open end loans		245		816			1,061			58,690		59,751
Single-family real estate, closed end, first lien		1,441		4,442			5,883			97,639		103,522
Single-family real estate, closed end, junior lien		99		299			398			4,509		4,907
Total single-family residential		1,785		5,557			7,342			160,838		168,180
Commercial and industrial		395		826			1,221			50,440		51,661
Credit cards		-		17			17			-		17
All other consumer		405		247			652			49,905		50,557
Total consumer		405		264			669			49,905		50,574
Farmland		-		-			-			3,171		3,171
Obligations of states and political subdivisions of the U.S.		-		-			-			739		739
Other		1		2			3			5,518		5,521
Total other		1		2			3			9,428		9,431
Total loans	$	7,580	$	15,848		$	23,428		$	715,630	$	739,058
Less: other loans held for sale		-		(776	)		(776	)		-		(776	)
Total loans, gross	$	7,580	$	15,072		$	22,652		$	715,630	$	738,282

Troubled Debt Restructurings. The following table summarizes the carrying balance of troubled debt restructurings at the dates indicated (in thousands).

	June 30, 2013						December 31, 2012
	Performing		Nonperforming		Total		Performing		Nonperforming		Total
Loans, gross	$	26,747	$	2,484	$	29,231	$	30,154	$	3,124	$	33,278
Other loans held for sale		-		-		-		-		-		-
Total troubled debt restructurings	$	26,747	$	2,484	$	29,231	$	30,154	$	3,124	$	33,278

Loans classified as troubled debt restructurings may be removed from this status for disclosure purposes after a specified period of time if the restructured agreement specifies an interest rate equal to or greater than the rate that the lender was willing to accept at the time of the restructuring for a new loan with comparable risk, and the loan is performing in accordance with the terms specified by the restructured agreement. The following table summarizes troubled debt restructurings removed from this classification during the periods indicated (dollars in thousands).

	For the three months ended June 30,				For the six months ended June 30,
	2013		2012		2013		2012
Carrying balance	$	-	$	3,665	$	5,842	$	5,887
Count		-		16		8		18

The following table summarizes, by class, loans that were modified resulting in troubled debt restructurings during the periods indicated (dollars in thousands).

	For the three months ended June 30,
	2013						2012
	Number of loans		Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Number of loans		Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment
Nonfarm nonresidential		2	$	2,619	$	2,619		1	$	243	$	243
Total commercial real estate		2		2,619		2,619		1		243		243
Single-family real estate		-		-		-		1		70		70
Commercial and industrial		-		-		-		1		206		206
Total loans		2	$	2,619	$	2,619		3	$	519	$	519
Less: other loans held for sale		-		-		-		-		-		-
Loans, gross		2	$	2,619	$	2,619		3	$	519	$	519

	For the six months ended June 30,
	2013						2012
	Number of loans		Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Number of loans		Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment
Construction, land development and other land loans		1	$	60	$	60		1	$	4,089	$	4,089
Nonfarm nonresidential		2		2,619		2,619		6		1,811		1,811
Total commercial real estate		3		2,679		2,679		7		5,900		5,900
Single-family real estate		-		-		-		1		70		70
Commercial and industrial		-		-		-		2		421		416
Total loans		3	$	2,679	$	2,679		10	$	6,391	$	6,386
Less: other loans held for sale		-		-		-		-		-		-
Loans, gross		3	$	2,679	$	2,679		10	$	6,391	$	6,386

The following table summarizes, by type of concession, loans that were modified resulting in troubled debt restructurings during the periods indicated (dollars in thousands).

	For the three months ended June 30,
	2013						2012
	Number of loans		Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Number of loans		Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment
Term concession		2	$	2,619	$	2,619		3	$	519	$	519
Total loans		2	$	2,619	$	2,619		3	$	519	$	519
Less: other loans held for sale		-		-		-		-		-		-
Loans, gross		2	$	2,619	$	2,619		3	$	519	$	519

	For the six months ended June 30,
	2013						2012
	Number of loans		Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Number of loans		Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment
Rate concession		1	$	60	$	60		-	$	-	$	-
Term concession		2		2,619		2,619		4		4,608		4,608
Rate and term concessions		-		-		-		6		1,783		1,778
Total loans		3	$	2,679	$	2,679		10	$	6,391	$	6,386
Less: other loans held for sale		-		-		-		-		-		-
Loans, gross		3	$	2,679	$	2,679		10	$	6,391	$	6,386

The following table summarizes, by class, loans that were modified resulting in troubled debt restructurings within the previous 12-month period for which there was a payment default during the periods indicated (dollars in thousands).

	For the three months ended June 30,								For the six months ended June 30,
	2013				2012				2013				2012
	Number of loans		Recorded investment		Number of loans		Recorded investment		Number of loans		Recorded investment		Number of loans		Recorded investment
Construction, land development and other land loans		1	$	56		1	$	488		1	$	56		1	$	488
Nonfarm nonresidential		-		-		2		406		-		-		5		1,545
		1		56		3		894		1		56		6		2,033
Single-family real estate		-		-		-		-		-		-		1		46
Total loans		1	$	56		3	$	894		1	$	56		7	$	2,079
Less: other loans held for sale		-		-		-		-		-		-		-		-
Loans, gross		1	$	56		3	$	894		1	$	56		7	$	2,079

Impaired Loans. The following tables summarize the composition of impaired loans, including other loans held for sale, at the dates indicated (in thousands).

	June 30, 2013
	Performing troubled debt restructured loans		Nonperforming troubled debt restructured loans		Nonperforming other loans		Performing other loans		Total
Loans, gross	$	26,747	$	2,484	$	6,750	$	10,593	$	46,574
Total impaired loans	$	26,747	$	2,484	$	6,750	$	10,593	$	46,574

	December 31, 2012
	Performing troubled debt restructured loans		Nonperforming troubled debt restructured loans		Nonperforming other loans		Performing other loans		Total
Loans, gross	$	30,154	$	3,124	$	2,628	$	5,413	$	41,319
Other loans held for sale		-		-		776		-		776
Total impaired loans	$	30,154	$	3,124	$	3,404	$	5,413	$	42,095

The following table summarizes the composition of and information relative to impaired loans, by class, at June 30, 2013 (in thousands).

	Loans, gross
	Recorded investment		Unpaid principal balance		Related allowance
With no related allowance recorded:
Construction, land development and other land loans	$	3,400	$	6,660
Multifamily residential		181		239
Nonfarm nonresidential		22,703		28,967
Total commercial real estate		26,284		35,866
Single-family real estate, revolving, open end loans		-		-
Single-family real estate, closed end, first lien		1,780		6,224
Single-family real estate, closed end, junior lien		29		29
Total single-family residential		1,809		6,253
Commercial and industrial		745		1,406
Consumer		8		8
Total impaired loans with no related allowance recorded	$	28,846	$	43,533
With an allowance recorded:
Construction, land development and other land loans	$	253	$	253	$	67
Multifamily residential		-		-		-
Nonfarm nonresidential		14,416		14,416		1,934
Total commercial real estate		14,669		14,669		2,001
Single-family real estate, revolving, open end loans		404		404		100
Single-family real estate, closed end, first lien		414		414		49
Single-family real estate, closed end, junior lien		170		170		60
Total single-family residential		988		988		209
Commercial and industrial		2,043		2,043		836
Consumer		28		28		4
Total impaired loans with an allowance recorded	$	17,728	$	17,728	$	3,050
Total:
Construction, land development and other land loans	$	3,653	$	6,913	$	67
Multifamily residential		181		239		-
Nonfarm nonresidential		37,119		43,383		1,934
Total commercial real estate		40,953		50,535		2,001
Single-family real estate, revolving, open end loans		404		404		100
Single-family real estate, closed end, first lien		2,194		6,638		49
Single-family real estate, closed end, junior lien		199		199		60
Total single-family residential		2,797		7,241		209
Commercial and industrial		2,788		3,449		836
Consumer		36		36		4
Total impaired loans	$	46,574	$	61,261	$	3,050

Interest income recognized on impaired loans during the three and six months ended June 30, 2013 was $454 thousand and $847 thousand, respectively. The average balance of total impaired loans was $46.0 million and $44.9 million for the same periods.

The following table summarizes the composition of and information relative to impaired loans, by class, at December 31, 2012 (in thousands).

	Loans, gross						Other loans held for sale				Total loans
	Recorded investment		Unpaid principal balance			Related allowance	Recorded investment		Unpaid principal balance		Recorded investment		Unpaid principal balance			Related allowance
With no related allowance recorded:
Construction, land development and other land loans	$	3,732	$	16,005			$	776	$	8,656	$	4,508	$	24,661
Multifamily residential		-		-				-		-		-		-
Nonfarm nonresidential		18,012		24,275				-		-		18,012		24,275
Total commercial real estate		21,744		40,280				776		8,656		22,520		48,936
Single-family real estate, revolving, open end loans		-		-				-		-		-		-
Single-family real estate, closed end, first lien		1,963		6,408				-		-		1,963		6,408
Single-family real estate, closed end, junior lien		31		31				-		-		31		31
Total single-family residential		1,994		6,439				-		-		1,994		6,439
Commercial and industrial		674		1,101				-		-		674		1,101
Consumer		18		18								18		18
Total impaired loans with no related allowance recorded	$	24,430	$	47,838			$	776	$	8,656	$	25,206	$	56,494
With an allowance recorded:
Construction, land development and other land loans	$	254	$	254	$	68					$	254	$	254	$	68
Multifamily residential		246		246		76						246		246		76
Nonfarm nonresidential		14,309		14,309		2,055						14,309		14,309		2,055
Total commercial real estate		14,809		14,809		2,199						14,809		14,809		2,199
Single-family real estate, revolving, open end loans		404		404		-						404		404		-
Single-family real estate, closed end, first lien		707		707		54						707		707		54
Single-family real estate, closed end, junior lien		173		173		162						173		173		162
Total single-family residential		1,284		1,284		216						1,284		1,284		216
Commercial and industrial		776		776		58						776		776		58
Consumer		20		20		4						20		20		4
Total impaired loans with an allowance recorded	$	16,889	$	16,889	$	2,477					$	16,889	$	16,889	$	2,477
Total:
Construction, land development and other land loans	$	3,986	$	16,259	$	68	$	776	$	8,656	$	4,762	$	24,915	$	68
Multifamily residential		246		246		76		-		-		246		246		76
Nonfarm nonresidential		32,321		38,584		2,055		-		-		32,321		38,584		2,055
Total commercial real estate		36,553		55,089		2,199		776		8,656		37,329		63,745		2,199
Single-family real estate, revolving, open end loans		404		404		-		-		-		404		404		-
Single-family real estate, closed end, first lien		2,670		7,115		54		-		-		2,670		7,115		54
Single-family real estate, closed end, junior lien		204		204		162		-		-		204		204		162
Total single-family residential		3,278		7,723		216		-		-		3,278		7,723		216
Commercial and industrial		1,450		1,877		58		-		-		1,450		1,877		58
Consumer		38		38		4		-		-		38		38		4
Total impaired loans	$	41,319	$	64,727	$	2,477	$	776	$	8,656	$	42,095	$	73,383	$	2,477

Allowance for Loan Losses

The following tables summarize the allowance for loan losses and recorded investment in gross loans, by portfolio segment, at the dates and for the periods indicated (in thousands).

	For the three months ended June 30, 2013
	Commercial real estate			Single-family residential		Commercial and industrial		Consumer		Other		Total
Allowance for loan losses:
Allowance for loan losses, beginning of period	$	11,614		$	2,949	$	1,890	$	1,013	$	4	$	17,470
Provision for loan losses		(328	)		352		559		35		52		670
Loan charge-offs		294			299		335		64		135		1,127
Loan recoveries		37			16		25		41		86		205
Net loans charged-off		257			283		310		23		49		922
Allowance for loan losses, end of period	$	11,029		$	3,018	$	2,139	$	1,025	$	7	$	17,218

	For the six months ended June 30, 2013
	Commercial real estate			Single-family residential		Commercial and industrial		Consumer		Other		Total
Allowance for loan losses, beginning of period	$	12,317		$	3,140	$	1,264	$	1,093	$	11	$	17,825
Provision for loan losses		(598	)		251		1,214		18		135		1,020
Loan charge-offs		758			432		374		161		350		2,075
Loan recoveries		68			59		35		75		211		448
Net loans charged-off		690			373		339		86		139		1,627
Allowance for loan losses, end of period	$	11,029		$	3,018	$	2,139	$	1,025	$	7	$	17,218

	June 30, 2013
Individually evaluated for impairment	$	2,001	$	209	$	836	$	4	$	-	$	3,050
Collectively evaluated for impairment		9,028		2,809		1,303		1,021		7		14,168
Allowance for loan losses, end of period	$	11,029	$	3,018	$	2,139	$	1,025	$	7	$	17,218

	June 30, 2013
Individually evaluated for impairment	$	40,953	$	2,797	$	2,788	$	36	$	-	$	46,574
Collectively evaluated for impairment		408,666		167,938		61,205		48,444		8,528		694,781
Total loans, gross	$	449,619	$	170,735	$	63,993	$	48,480	$	8,528	$	741,355

	For the three months ended June 30, 2012
	Commercial real estate		Single-family residential		Commercial and industrial			Consumer		Other		Total
Allowance for loan losses:
Allowance for loan losses, beginning of period	$	15,771	$	4,534	$	1,901		$	1,129	$	53	$	23,388
Provision for loan losses		8,226		625		(428	)		14		13		8,450
Loan charge-offs		11,470		1,880		228			118		158		13,854
Loan recoveries		25		29		89			45		106		294
Net loans charged-off		11,445		1,851		139			73		52		13,560
Allowance for loan losses, end of period	$	12,552	$	3,308	$	1,334		$	1,070	$	14	$	18,278

	For the six months ended June 30, 2012
	Commercial real estate		Single-family residential		Commercial and industrial			Consumer		Other		Total
Allowance for loan losses, beginning of period	$	18,026	$	4,488	$	1,862		$	1,209	$	11	$	25,596
Provision for loan losses		9,643		1,649		(334	)		114		78		11,150
Loan charge-offs		15,221		2,903		302			359		319		19,104
Loan recoveries		104		74		108			106		244		636
Net loans charged-off		15,117		2,829		194			253		75		18,468
Allowance for loan losses, end of period	$	12,552	$	3,308	$	1,334		$	1,070	$	14	$	18,278

	June 30, 2012
Individually evaluated for impairment	$	3,087	$	158	$	45	$	5	$	-	$	3,295
Collectively evaluated for impairment		9,465		3,150		1,289		1,065		14		14,983
Allowance for loan losses, end of period	$	12,552	$	3,308	$	1,334	$	1,070	$	14	$	18,278

	June 30, 2012
Individually evaluated for impairment	$	40,299	$	3,176	$	1,518	$	41	$	-	$	45,034
Collectively evaluated for impairment		401,289		169,861		47,335		51,775		8,692		678,952
Total loans, gross	$	441,588	$	173,037	$	48,853	$	51,816	$	8,692	$	723,986