XML 130 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
Loans and Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2012
Loans and Allowance For Loan Losses [Abstract]  
Categories of Loans

Categories of loans at December 31, include:

 

    2012     2011  
    (In thousands)  
             
Commercial loans   $ 47,130     $ 35,387  
Commercial real estate     144,144       148,052  
Residential real estate     73,623       61,765  
Installment loans     31,585       39,243  
                 
Total gross loans     296,482       284,447  
                 
Less allowance for loan losses     (2,708 )     (2,921 )
                 
Total loans   $ 293,774     $ 281,526
Allowance for Loan Losses and Recorded Investment in Loans

The following tables present the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of December 31, 2012 and 2011:

 

    2012  
    Commercial     Commercial
Real Estate		     Installment     Residential     Unallocated     Total  
    (In thousands)  
Allowance for loan losses:                                                
Balance, beginning of year   $ 183     $ 2,321     $ 235     $ 95     $ 87     $ 2,921  
Provision charged to expense     392       183       86       107       360       1,128  
Losses charged off     (67 )     (1,166 )     (310 )     (90 )     ––       (1,633 )
Recoveries     90       9       189       4       ––       292  
                                                 
Balance, end of year   $ 598     $ 1,347     $ 200     $ 116     $ 447     $ 2,708  
Ending balance: individually evaluated for impairment   $ 458     $ 916     $ ––     $ ––     $ ––     $ 1,374  
Ending balance: collectively evaluated for impairment   $ 140     $ 431     $ 200     $ 116     $ 447     $ 1,334  
                                                 
Loans:                                                
Ending balance: individually evaluated for impairment   $ 1,015     $ 5,943     $ ––     $ ––     $ ––     $ 6,958  
Ending balance: collectively evaluated for impairment   $ 46,115     $ 138,201     $ 31,585     $ 73,623     $ ––     $ 289,524  

 

    2011  
    Commercial     Commercial
Real Estate		     Installment     Residential     Unallocated     Total  
    (In thousands)  
Allowance for loan losses:                                                
Balance, beginning of year   $ 561     $ 1,566     $ 229     $ 140     $ 244     $ 2,740  
Provision charged to expense     213       1,459       265       188       (157 )     1,968  
Losses charged off     (616 )     (758 )     (489 )     (261 )     ––       (2,124 )
Recoveries     25       54       230       28       ––       337  
                                                 
Balance, end of year   $ 183     $ 2,321     $ 235     $ 95     $ 87     $ 2,921  
Ending balance: individually evaluated for impairment   $ 59     $ 1,799     $ ––     $ ––     $ ––     $ 1,858  
Ending balance: collectively evaluated for impairment   $ 124     $ 522     $ 235     $ 95     $ 87     $ 1,063  
                                                 
Loans:                                                
Ending balance: individually evaluated for impairment   $ 637     $ 8,254     $ ––     $ ––     $ ––     $ 8,891  
Ending balance: collectively evaluated for impairment   $ 34,750     $ 139,798     $ 39,243     $ 61,765     $ ––     $ 275,556
Portfolio Quality Indicators

The following table shows the portfolio quality indicators as of December 31, 2012:

 

Loan Class   Commercial     Commercial
Real Estate		     Residential     Installment     Total  
    (In thousands)  
                               
Pass Grade   $ 43,364     $ 133,402     $ 73,623     $ 31,585     $ 281,974  
Special Mention     2,698       3,005       ––       ––       5,703  
Substandard     1,068       7,737       ––       ––       8,805  
Doubtful     ––       ––       ––       ––       ––  
                                         
    $ 47,130     $ 144,144     $ 73,623     $ 31,585     $ 296,482  

 

The following table shows the portfolio quality indicators as of December 31, 2011:

 

Loan Class   Commercial     Commercial
Real Estate		     Residential     Installment     Total  
    (In thousands)  
                               
Pass Grade   $ 31,320     $ 133,949     $ 61,590     $ 39,161     $ 266,020  
Special Mention     2,930       3,500       175       5       6,610  
Substandard     882       6,924       ––       77       7,883  
Doubtful     255       3,679       ––       ––       3,934  
                                         
    $ 35,387     $ 148,052     $ 61,765     $ 39,243     $ 284,447
Loan Portfolio Aging Analysis

The following table shows the loan portfolio aging analysis of the recorded investment in loans as of December 31, 2012:

 

    30-59 Days
Past Due
and
Accruing		     60-89 Days
Past Due
and
Accruing		     Greater
Than 90
Days and
Accruing		     Non
Accrual		     Total Past
Due and
Non Accrual		     Current     Total Loans
Receivable		  
    (In thousands)  
Commercial   $ 144     $ ––     $ 84     $ 541     $ 769     $ 46,361     $ 47,130  
Commercial real estate     87       ––       ––       1,114       1,201       142,943       144,144  
Installment     189       11       ––       41       241       73,382       73,623  
Residential     1,088       91       ––       1,564       2,743       28,842       31,585  
                                                         
Total   $ 1,508     $ 102     $ 84     $ 3,260     $ 4,954     $ 291,528     $ 296,482  

 

The following table shows the loan portfolio aging analysis of the recorded investment in loans as of December 31, 2011:

 

    30-59 Days
Past Due
and
Accruing		     60-89 Days
Past Due
and
Accruing		     Greater
Than 90
Days and
Accruing		     Non
Accrual		     Total Past
Due and
Non Accrual		     Current     Total Loans
Receivable		  
    (In thousands)  
Commercial   $ 661     $ 21     $ 80     $ 240     $ 1,002     $ 34,385     $ 35,387  
Commercial real estate     485       ––       ––       2,677       3,162       144,890       148,052  
Installment     405       53       5       71       534       38,709       39,243  
Residential     1,038       81       ––       1,867       2,986       58,779       61,765  
                                                         
Total   $ 2,589     $ 155     $ 85     $ 4,855     $ 7,684     $ 276,763     $ 284,447
Impaired Loans

The following table presents impaired loans for the year ended December 31, 2012:

 

    Recorded
Balance		     Unpaid
Principal
Balance		     Specific
Allowance		     Average
Investment in
Impaired
Loans		     Interest
Income
Recognized		  
    (In thousands)  
Loans without a specific valuation allowance:                                        
Commercial   $ 361     $ 361     $ ––     $ 465     $ 16  
Commercial real estate     1,546       1,546       ––       2,717       50  
Consumer     ––       ––       ––       10       ––  
Residential     ––       ––       ––       ––       ––  
      1,907       1,907       ––       3,192       66  
Loans with a specific valuation allowance:                                        
Commercial     654       654       458       740       13  
Commercial real estate     4,397       4,397       916       4,267       230  
Consumer     ––       ––       ––       28       ––  
Residential     ––       ––       ––       3       ––  
      5,051       5,051       1,374       5,038       243  
                                         
Total:                                        
Commercial   $ 1,015     $ 1,015     $ 458     $ 1,205     $ 29  
Commercial Real Estate   $ 5,943     $ 5,943     $ 916     $ 6,984     $ 280  
Consumer   $ ––     $ ––     $ ––     $ 38     $ ––  
Residential   $ ––     $ ––     $ ––     $ 3     $ ––  

 

The following table presents impaired loans for the year ended December 31, 2011:

 

    Recorded
Balance		     Unpaid
Principal
Balance		     Specific
Allowance		     Average
Investment in
Impaired
Loans		     Interest
Income
Recognized		  
    (In thousands)  
Loans without a specific valuation allowance:                                        
Commercial   $ 532     $ 532     $ ––     $ 525     $ 28  
Commercial real estate     1,805       1,805       ––       1,496       87  
Consumer     ––       ––       ––       ––       ––  
Residential     ––       ––       ––       39       ––  
      2,337       2,337       ––       2,060       115  
                                         
Loans with a specific valuation allowance:                                        
Commercial     105       105       59       386       10  
Commercial real estate     6,449       6,449       1,799       5,558       278  
Consumer     ––       ––       ––       ––       ––  
Residential     ––       ––       ––       81       ––  
      6,554       6,554       1,858       6,025       288  
                                         
Total:                                        
Commercial   $ 637     $ 637     $ 59     $ 911     $ 38  
Commercial Real Estate   $ 8,254     $ 8,254     $ 1,799     $ 7,054     $ 365  
Consumer   $ ––     $ ––     $ ––     $ ––     $ ––  
Residential   $ ––     $ ––     $ ––     $ 120     $ ––
Troubled Debt Restructurings on Financing Receivables

The following tables present information regarding troubled debt restructurings by class and by type of modification for the years ended December 31, 2012 and 2011:

 

    Year Ended December 31, 2012  
    Number of
Contracts		     Pre-Modification
Outstanding
Recorded
Investment		     Post-Modification
Outstanding
Recorded
Investment		  
          (In thousands)  
                   
Commercial     3     $ 152     $ 68  
Commercial real estate     3       464       339  
Residential     ––       ––       ––  
Consumer     ––       ––       ––  

 

    Year Ended December 31, 2012  
    Interest
Only		     Term     Combination     Total
Modification		  
          (In thousands)        
                         
Commercial   $ ––     $ ––     $ 68     $ 68  
Commercial real estate     ––       339       ––       339  
Residential     ––       ––       ––       ––  
Consumer     ––       ––       ––       ––  

  

    Year Ended December 31, 2011  
    Number of
Contracts		     Pre-Modification
Outstanding
Recorded
Investment		     Post-Modification
Outstanding
Recorded
Investment		  
          (In thousands)  
                   
Commercial     5     $ 91     $ 58  
Commercial real estate     5       716       315  
Residential     ––       ––       ––  
Consumer     ––       ––       ––  

   

    Year Ended December 31, 2011  
    Interest
Only		     Term     Combination     Total
Modification		  
          (In thousands)        
                         
Commercial   $ ––     $ 58     $ ––     $ 58  
Commercial real estate     ––       315       ––       315  
Residential     ––       ––       ––       ––  
Consumer     ––       ––       ––       ––