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Loans and Allowance for Loan Losses (Tables)
 9 Months Ended
Sep. 30, 2014
Loans and Allowance For Loan Losses [Abstract]  
Summary of categories of loans

 Total Loans  Non-Accrual Loans 
($ in thousands) Sep. 2014  Dec. 2013  Sep. 2014  Dec. 2013 
Commercial & Industrial $90,407  $85,368   1,397   2,316 
Commercial RE & Construction  212,964   205,301   616   532 
Agricultural & Farmland  44,162   39,210   -   - 
Residential Real Estate  107,712   99,620   1,015   1,651 
Consumer & Other  50,679   47,804   174   345 
Total loans, net of unearned income $505,924  $477,303  $3,202  $4,844 
                 
Allowance for loan losses $(6,713) $(6,964)
Summary of allowance for loan losses and recorded investment in loans based on portfolio segment and impairment method

For the Three Months Ended Sep. 30, 2014

 

 Commercial  Commercial RE  Agricultural  Residential  Consumer    
($'s in thousands) & Industrial  & Construction  & Farmland  Real Estate  & Other  Total 
                   
ALLOWANCE FOR LOAN AND LEASE LOSSES       
                   
Beginning balance $1,660  $2,657  $194  $1,266  $791  $6,568 
Charge Offs  -   (12)  -   (18)  (63) (93)
Recoveries  6   64   1   14   3   88 
Provision  120   (114)  21   46   77   150 
Ending Balance $1,786  $2,595  $216  $1,308  $808  $6,713 

 

For the Nine Months Ended Sep. 30, 2014

 

 Commercial  Commercial RE  Agricultural  Residential  Consumer    
($'s in thousands) & Industrial  & Construction  & Farmland  Real Estate  & Other  Total 
                   
ALLOWANCE FOR LOAN AND LEASE LOSSES        
                   
Beginning balance $2,175  $2,708  $159  $1,067  $855  $6,964 
Charge Offs  (607)  (13)  -   (33)  (93) (746)
Recoveries  18   124   2   28   23   195 
Provision  200   (224)  55   246   23   300 
Ending Balance $1,786  $2,595  $216  $1,308  $808  $6,713 

 

For the Nine Months Ended Sep. 30, 2014

 

 Commercial  Commercial RE  Agricultural  Residential  Consumer    
($'s in thousands) & Industrial  & Construction  & Farmland  Real Estate  & Other  Total 
         
Loans Receivable at September 30, 2014        
         
Allowance:                  
Ending balance:                  
individually evaluated for  impairment $510  $16  $-  $167  $47  $740 
Ending balance:                        
collectively evaluated for  impairment $1,276  $2,579  $216  $1,141  $761  $5,973 
Loans:                        
Ending balance:                        
individually evaluated for  impairment $1,278  $741  $-  $1,619  $524  $4,162 
Ending balance:                        
collectively evaluated for  impairment $89,129  $212,223  $44,162  $106,093  $50,155  $501,762 

 

 

  Commercial  Commercial RE  Agricultural  Residential  Consumer    
($'s in thousands) & Industrial  & Construction  & Farmland  Real Estate  & Other  Total 
                   
Loans Receivable at December 31, 2013         
          
Allowance:                  
Ending balance:                  
individually evaluated for  impairment $1,079  $56  $-  $192  $168  $1,495 
Ending balance:                        
collectively evaluated for  impairment $1,096  $2,652  $159  $875  $687  $5,469 
Loans:                        
Ending balance:                        
individually evaluated for  impairment $2,116  $649  $-  $1,985  $590  $5,340 
Ending balance:                        
collectively evaluated for  impairment $83,252  $204,652  $39,210  $97,635  $47,214  $471,963 

 

                  
  Commercial  Commercial RE  Agricultural  Residential  Consumer    
($'s in thousands) & Industrial  & Construction  & Farmland  Real Estate  & Other  Total 
          
ALLOWANCE FOR LOAN AND LEASE LOSSES         
                   
For the Three Months Ended Sep. 30, 2013
 
Beginning balance $1,547  $3,059  $180  $1,183  $1,044  $7,013 
Charge Offs  -   (53)  -   (69)  (185)  (307)
Recoveries  2   1   1   -   9   13 
Provision  183   86   (4)  22   114   401 
Ending Balance $1,732  $3,093  $177  $1,136  $982  $7,120 
                         
For the Nine Months Ended Sep. 30, 2013     
                         
Beginning balance $1,561  $3,034  $186  $1,088  $942  $6,811 
Charge Offs  (1)  (58)  -   (167)  (430)  (656)
Recoveries  16   16   3   19   11   65 
Provision  156   101   (12)  196   459   900 
Ending Balance $1,732  $3,093  $177  $1,136  $982  $7,120 
Summary of credit risk profile of the Company's loan portfolio based on rating category

Sep. 30, 2014 Commercial  Commercial RE  Agricultural  Residential  Consumer    
Loan Grade & Industrial  & Construction  & Farmland  Real Estate  & Other  Total 
($ in thousands)                  
1-2 $887  $70  $69  $-  $-  $1,026 
   3  21,591   53,807   8,528   99,528   46,882   230,336 
   4  65,996   147,325   35,565   5,603   3,473   257,962 
Total Pass  88,474   201,202   44,162   105,131   50,355   489,324 
                         
Special Mention  34   6,643   -   1,123   86   7,886 
Substandard  752   4,503   -   255   64   5,574 
Doubtful  1,147   616   -   1,203   174   3,140 
Loss  -   -   -   -   -   - 
Total Loans $90,407  $212,964  $44,162  $107,712  $50,679  $505,924 

 

 
 
December 31, 2013 Commercial  Commercial RE  Agricultural Residential  Consumer    
Loan Grade & Industrial  & Construction  & Farmland  Real Estate  & Other  Total 
($ in thousands)                  
1-2 $1,345  $81  $76  $-  $87  $1,589 
   3  22,328   44,095   6,543   90,606   43,250   206,822 
   4  56,188   146,861   32,591   5,700   3,782   245,122 
Total Pass  79,861   191,037   39,210   96,306   47,119   453,533 
                        
Special Mention  3,159   8,917   -   1,373   86   13,535 
Substandard  32   4,815   -   290   84   5,221 
Doubtful  2,316   532   -   1,651   515   5,014 
Loss  -   -   -   -   -   - 
Total Loans $85,368  $205,301  $39,210  $99,620  $47,804  $477,303 
Summary of loan portfolio aging analysis
  30-59 Days  60-89 Days  Greater Than  Total Past     Total Loans 
September 30, 2014 Past Due  Past Due  90 Days  Due  Current  Receivable 
($ in thousands)                  
                   
Commercial & Industrial $-  $-  $997  $997  $89,410  $90,407 
Commercial RE & Construction  3,713   -   616   4,329   208,635   212,964 
Agricultural & Farmland  -   -   -   -   44,162   44,162 
Residential Real Estate  118   -   380   498   107,214   107,712 
Consumer & Other  108   57   10   175   50,504   50,679 
Total Loans $3,939  $57  $2,003  $5,999  $499,925  $505,924 

 

  30-59 Days  60-89 Days  Greater Than  Total Past     Total Loans 
December 31, 2013 Past Due  Past Due  90 Days  Due  Current  Receivable 
($ in thousands)                    
                   
Commercial & Industrial $-  $-  $1,890  $1,890  $83,478  $85,368 
Commercial RE & Construction  424   364   168   956   204,345   205,301 
Agricultural & Farmland  -   -   -   -   39,210   39,210 
Residential Real Estate  -   14   453   467   99,153   99,620 
Consumer & Other  22   34   98   154   47,650   47,804 
Total Loans $446  $412  $2,609  $3,467  $473,836  $477,303 
Summary of Impaired loan activity

Nine Months Ended Sep. 30, 2014

 

 Recorded  Unpaid
Principal		  Related  Average
Recorded		  Interest
Income		 
($'s in thousands) Investment  Balance  Allowance  Investment  Recognized 
With no related allowance recorded:               
Commercial & Industrial $316  $316  $-  $316  $- 
Commercial RE & Construction  560   560   -   578   - 
Agricultural & Farmland  -   -   -   -   - 
Residential Real Estate  654   697   -   813   41 
Consumer & Other  99   105   -   120   8 
All Impaired Loans < $100,000  660   660   -   660   - 
With a specific allowance recorded:                    
Commercial & Industrial  962   1,562   510   1,622   - 
Commercial RE & Construction  181   181   16   185   8 
Agricultural & Farmland  -   -   -   -   - 
Residential Real Estate  965   965   167   1,026   29 
Consumer & Other  426   426   47   452   18 
Totals:                    
Commercial & Industrial $1,278  $1,878  $510  $1,938  $- 
Commercial RE & Construction $741  $741  $16  $763  $8 
Agricultural & Farmland $-  $-  $-  $-  $- 
Residential Real Estate $1,619  $1,662  $167  $1,839  $70 
Consumer & Other $525  $531  $47  $512  $26 
All Impaired Loans < $100,000 $660  $660  $-  $660  $- 

 

Three Months Ended Sep. 30, 2014

 

 Average Recorded  Interest Income 
($'s in thousands) Investment  Recognized 
With no related allowance recorded:      
Commercial & Industrial $316  $- 
Commercial RE & Construction  566   - 
Agricultural & Farmland  -   - 
Residential Real Estate  808   14 
Consumer & Other  115   3 
All Impaired Loans < $100,000  660   - 
With a specific allowance recorded:        
Commercial & Industrial  1,578   - 
Commercial RE & Construction  182   2 
Agricultural & Farmland  -   - 
Residential Real Estate  1,020   8 
Consumer & Other  446   6 
Totals:        
Commercial & Industrial $1,894  $- 
Commercial RE & Construction $748  $2 
Agricultural & Farmland $-  $- 
Residential Real Estate $1,828  $22 
Consumer & Other $561  $9 
All Impaired Loans < $100,000 $660  $- 

 

Twelve Months Ended December 31, 2013         
          
 Recorded  Unpaid Principal  Related 
($'s in thousands) Investment  Balance  Allowance 
With no related allowance recorded:         
Commercial & Industrial $316  $316  $- 
Commercial RE & Construction  389   442   - 
Agricultural & Farmland  -   -   - 
Residential Real Estate  1,131   1,131   - 
Consumer & Other  252   252   - 
All Impaired Loans < $100,000  1,242   1,242   - 
With a specific allowance recorded:            
Commercial & Industrial  1,800   1,800   1,079 
Commercial RE & Construction  260   260   56 
Agricultural & Farmland  -   -   - 
Residential Real Estate  854   854   192 
Consumer & Other  338   338   168 
Totals:            
Commercial & Industrial $2,116  $2,116  $1,079 
Commercial RE & Construction $649  $702  $56 
Agricultural & Farmland $-  $-  $- 
Residential Real Estate $1,985  $1,985  $192 
Consumer & Other $590  $590  $168 
All Impaired Loans < $100,000 $1,242  $1,242  $- 

  Nine Months Ended Sep. 30, 2013  Three Months Ended Sep. 30, 2013 
  Average 
Recorded		  Interest
Income		  Average
Recorded		  Interest
Income		 
($'s in thousands) Investment  Recognized  Investment  Recognized 
With no related allowance recorded:            
Commercial & Industrial $2,341  $13  $870  $4 
Commercial RE & Construction  820   19   805   5 
Agricultural & Farmland  -   -   -   - 
Residential Real Estate  1,160   35   1,156   12 
Home Equity Consumer & Other  203   8   199   3 
All Impaired Loans < $100,000  1,065   -   1,065   - 
With a specific allowance recorded:                
Commercial & Industrial  1,773   44   1,800   12 
Commercial RE & Construction  261   8   259   3 
Agricultural & Farmland  -   -   -   - 
Residential Real Estate  983   36   978   12 
Home Equity Consumer & Other  445   22   438   7 
Totals:                
Commercial & Industrial $4,114  $57  $2,670  $16 
Commercial RE & Construction $1,081  $27  $1,064  $8 
Agricultural & Farmland $-  $-  $-  $- 
Residential Real Estate $2,143  $71  $2,134  $24 
Consumer & Other $648  $30  $637  $10 
All Impaired Loans < $100,000 $1,065  $-  $1,065  $- 

 
Summary of newly restructured loans by type of modification

   Three Months Ended September 30, 2014 
($ in thousands)  Number of Loans     Pre-
Modification 
Recorded Balance  		   Post Modification
Recorded Balance		 
             
Residential Real Estate  -  $-  $- 
Consumer & Other  -   -   - 
             
Total Modifications  -  $-  $- 

 

  Interest           Total 
($ in thousands)  Only   Term   Combination   Modification 
                 
Residential Real Estate $-  $-  $-  $- 
Consumer & Other  -   -   -   - 
                 
Total Modifications $-  $-  $-  $- 

 

   Nine Months Ended September 30, 2014 
($ in thousands)  Number of Loans   Pre-
Modification 
Recorded Balance		   Post Modification
Recorded Balance		 
             
Residential Real Estate  -  $-  $- 
Consumer & Other  -   -   - 
             
Total Modifications  -  $-  $- 

 

  Interest           Total 
($ in thousands)  Only   Term   Combination   Modification 
                 
Residential Real Estate $-  $-  $-  $- 
Consumer & Other  -   -   -   - 
                 
Total Modifications $-  $-  $-  $- 

 

   Three Months Ended September 30, 2013 
($ in thousands)  Number of Loans   Pre-
Modification 
Recorded Balance		   Post Modification
Recorded Balance		 
             
Residential Real Estate  -  $-  $- 
Consumer & Other  -   -   - 
             
Total Modifications  -  $-  $- 

 

  Interest           Total 
($ in thousands)  Only   Term   Combination   Modification 
                 
Residential Real Estate $-  $-  $-  $- 
Consumer & Other  -   -   -   - 
                 
Total Modifications $-  $-  $-  $- 

 

  Nine Months Ended Sep. 30, 2013 
 Number of  Pre-Mod  Post-Mod 
($ in thousands) Loans  Balance  Balance 
             
Residential Real Estate  1  $13  $13 
Consumer & Other  1   11   11 
             
Total Modifications  2  $24  $24 

 

 Interest        Total 
($ in thousands) Only  Term  Combination  Modification 
                 
Residential Real Estate $-  $13  $-  $13 
Consumer & Other  -   11   -   11 
                 
Total Modifications $-  $24  $-  $24
Summary of troubled debt restructurings modified in the past 12 months that subsequently defaulted

 
Troubled Debt Restructurings Modified in the Past 12 Months that have Subsequently Defaulted as of September 30, 2014
       
  Number of  Recorded
($ in thousands) Contracts  Balance 
         
Residential Real Estate  4  $67 
Consumer & Other  -   - 
         
   4  $67 

 

Troubled Debt Restructurings Modified in the Past 12 Months that have Subsequently Defaulted as of September 30, 2013
       
  Number of  Recorded 
($ in thousands) Contracts  Balance 
         
Residential Real Estate  4  $194 
Consumer & Other  -   - 
         
   4  $194