NOTE 3: LOANS

The following table sets forth information concerning the composition of total loans and leases outstanding, as of the dates indicated.



(Dollars in thousands)		March 31, 2014		December 31, 2013
Residential mortgage	$	25,095	$	24,677
Commercial mortgage		250,476		234,599
Commercial:
Commercial term		90,234		89,279
Commercial construction		13,898		19,117
Lease financing		1		2
Consumer:
Home equity		44,269		41,418
Other		6,198		6,262
Total loans and leases	$	430,171	$	415,354
Less allowance for credit losses		(4,750)		(4,623)
Net loans and leases	$	425,421	$	410,731

If contractual interest income had been recorded on non-accrual loans, interest would have been increased as shown in the following tables:



		March 31, 2014
(Dollars in thousands)		Balances		Interest income that would have been recorded under original terms		Interest income recorded during the period		Net impact on interest income
Non-accrual loans:
Residential mortgage	$	2,245	$	16	$	-	$	16
Commercial mortgage		244		5		-		5
Commercial:
Commercial term		-		-		-		-
Commercial construction		2,293		94		-		94
Lease financing		-		-		-		-
Consumer:
Home Equity		386		7		1		6
Other		154		3		-		3
Total non-accrual loans	$	5,322	$	125	$	1	$	124
Loans 90 days past due and still accruing		100
Total non-performing loans	$	5,422



		March 31, 2013
(Dollars in thousands)		Balances		Interest income that would have been recorded under original terms		Interest income recorded during the period		Net impact on interest income
Non-accrual loans:
Residential mortgage	$	2,512	$	18	$	-	$	18
Commercial mortgage		5,998		66		-		66
Commercial:
Commercial term		200		1		-		1
Commercial construction		6,507		122		-		122
Lease financing		26		1		-		1
Consumer:
Home Equity		63		1		-		1
Other		146		4		-		4
Total non-accrual loans	$	15,452	$	213	$	-	$	213
Loans 90 days past due and still accruing		827
Total non-performing loans	$	16,279