Loans Receivable and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2012

Allowances for Loan Losses [Abstract]

(dollars in thousands)	June 30, 2012	December 31, 2011

Commercial real estate	$ 333,961	$ 344,377
Construction and land development	36,306	35,061
Commercial and industrial	102,382	87,668
Owner occupied real estate	112,338	102,777
Consumer and other	17,707	16,683
Residential mortgage	2,488	3,150
Total loans receivable	605,182	589,716
Deferred costs (fees)	(269)	(224)
Allowance for loan losses	(9,385)	(12,050)
Net loans receivable	$ 595,528	$ 577,442

Impaired Loans By Loan Portfolio Class [Table Text Block]


		June 30, 2012				December 31, 2011
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance	Related Allowance	Recorded Investment		Unpaid Principal Balance	Related Allowance
With no related allowance recorded:
Commercial real estate	$ 17,444		$ 17,523	$ -	$ 11,053		$ 11,123	$ -
Construction and land development	5,473		13,356	-	6,165		12,011	-
Commercial and industrial	5,476		8,472	-	4,781		4,895	-
Owner occupied real estate	570		753	-	506		506	-
Consumer and other	719		938	-	958		1,196	-
Total	$ 29,682		$ 41,042	$ -	$ 23,463		$ 29,731	$ -

With an allowance recorded:
Commercial real estate	$ 4,810	$ 4,810	$ 1,126	$ 9,023	$ 9,023	$ 2,066
Construction and land development	242	242	40	818	1,933	98
Commercial and industrial	2,759	2,877	919	3,539	6,009	629
Owner occupied real estate	3,035	3,035	581	1,356	1,356	311
Consumer and other	146	152	24	-	-	-
Total	$ 10,992	$ 11,116	$ 2,690	$ 14,736	$ 18,321	$ 3,104

Total:
Commercial real estate	$ 22,254	$ 22,333	$ 1,126	$ 20,076	$ 20,146	$ 2,066
Construction and land development	5,715	13,598	40	6,983	13,944	98
Commercial and industrial	8,235	11,349	919	8,320	10,904	629
Owner occupied real estate	3,605	3,788	581	1,862	1,862	311
Consumer and other	865	1,090	24	958	1,196	-
Total	$ 40,674	$ 52,158	$ 2,690	$ 38,199	$ 48,052	$ 3,104

Average Of Impaired Loans And Related Interest Income By Loan Portfolio Class [Table Text Block]


	Three Months Ended June 30,
	2012		2011
(dollars in thousands)	Average Recorded Investment	Interest Income Recognized	Average Recorded Investment	Interest Income Recognized
With no related allowance recorded:
Commercial real estate	$ 15,879	$ 205	$ 26,732	$ 227
Construction and land development	5,227	29	15,815	46
Commercial and industrial	4,882	36	2,713	26
Owner occupied real estate	876	-	1,576	-
Consumer and other	784	2	736	-
Total	$ 27,648	$ 272	$ 47,572	$ 299

With an allowance recorded:
Commercial real estate	$ 5,707	$ 52	$ 16,342	$ 171
Construction and land development	869	-	7,709	18
Commercial and industrial	3,350	12	4,348	5
Owner occupied real estate	2,472	36	2,346	5
Consumer and other	98	-	-	-
Total	$ 12,496	$ 100	$ 30,745	$ 199

Commercial real estate	$ 21,586	$ 257	$ 43,074	$ 398
Construction and land development	6,096	29	23,524	64
Commercial and industrial	8,232	48	7,061	31
Owner occupied real estate	3,348	36	3,922	5
Consumer and other	882	2	736	-
Total	$ 40,144	$ 372	$ 78,317	$ 498

If these loans were performing under their original contractual rate, interest income on such loans would have increased approximately $153,000 and $585,000 for the three months June 30, 2012 and 2011, respectively.


	Six Months Ended June 30,
	2012		2011
(dollars in thousands)	Average Recorded Investment	Interest Income Recognized	Average Recorded Investment	Interest Income Recognized
With no related allowance recorded:
Commercial real estate	$ 14,315	$ 370	$ 32,347	$ 591
Construction and land development	4,980	59	16,849	99
Commercial and industrial	4,286	78	3,468	53
Owner occupied real estate	1,183	27	1,847	19
Consumer and other	850	4	694	-
Total	$ 25,614	$ 538	$ 55,205	$ 762

With an allowance recorded:
Commercial real estate	$ 6,604	$ 135	$ 12,376	$ 252
Construction and land development	1,496	-	7,175	21
Commercial and industrial	3,941	19	3,698	11
Owner occupied real estate	1,911	48	2,882	64
Consumer and other	49	-	-	-
Total	$ 14,001	$ 202	$ 26,131	$ 348


Commercial real estate	$ 20,919	$ 505	$ 44,723	$ 843
Construction and land development	6,476	59	24,024	120
Commercial and industrial	8,227	97	7,166	64
Owner occupied real estate	3,094	75	4,729	83
Consumer and other	899	4	694	-
Total	$ 39,615	$ 740	$ 81,336	$ 1,110

Activity In And Ending Balances Of The Allowance For Loan Losses By Loan Portfolio Class [Table Text Block]

The following tables provide the activity in and ending balances of the allowance for loan losses by loan portfolio class at and for the three and six months ended June 30, 2012 and June 30, 2011:

(dollars in thousands)	Commercial Real Estate	Construction and Land Development	Commercial and Industrial	Owner Occupied Real Estate	Consumer and Other	Residential Mortgage	Unallocated	Total

Three months ended June 30, 2012
Allowance for loan losses:

Beginning balance:	$ 4,371	$ 2,169	$ 2,219	$ 1,455	$ 106	$ 20	$ 416	$ 10,756
Charge-offs	(274)	(921)	(708)	-	(100)	-	-	(2,003)
Recoveries	-	105	-	-	27	-	-	132
Provisions (credits)	(136)	63	305	171	101	(4)	-	500
Ending balance	$ 3,961	$ 1,416	$ 1,816	$ 1,626	$ 134	$ 16	$ 416	$ 9,385

Three months ended June 30, 2011
Allowance for loan losses:

Beginning balance:	$ 7,407	$ 1,595	$ 2,769	$ 1,645	$ 121	$ 32	$ 881	$ 14,450
Charge-offs	(512)	(370)	-	-	-	-	-	(882)
Recoveries		2	-	-	38	-	-	40
Provisions (credits)	1,751	592	(40)	(49)	(35)	1	(720)	1,500
Ending balance	$ 8,646	$ 1,819	$ 2,729	$ 1,596	$ 124	$ 33	$ 161	$ 15,108

(dollars in thousands)	Commercial Real Estate	Construction and Land Development	Commercial and Industrial	Owner Occupied Real Estate	Consumer and Other	Residential Mortgage	Unallocated	Total

Six months ended June 30, 2012
Allowance for loan losses:

Beginning balance:	$ 7,372	$ 558	$ 1,928	$ 1,963	$ 113	$ 23	$ 93	$ 12,050
Charge-offs	(766)	921)	(760)	-	(101)	-	-	(2,548)
Recoveries	-	105	-	-	28	-	-	133
Provisions (credits)	(2,645)	1,674	648	(337)	94	(7)	323	(250)
Ending balance	$ 3,961	$ 1,416	$ 1,816	$ 1,626	$ 134	$ 16	$ 416	$ 9,385

Six months ended June 30, 2011
Allowance for loan losses:

Beginning Balance:	$ 7,243	$ 837	$ 1,443	$ 1,575	$ 130	$ 41	$ 175	$ 11,444
Charge-offs	(1,034)	(370)	-	-	(31)	-	-	(1,435)
Recoveries	9	2	-	-	38	-	-	49
Provisions (credits)	2,428	1,350	1,286	21	(13)	(8)	(14)	5,050
Ending balance	$ 8,646	$ 1,819	$ 2,729	$ 1,596	$ 124	$ 33	$ 161	$ 15,108

The following tables provide a summary of the allowance for loan losses and balance of loans receivable by loan class and by impairment method as of June 30, 2012 and December 31, 2011:


(dollars in thousands)	Commercial Real Estate	Construction and Land Development	Commercial and Industrial	Owner Occupied Real Estate	Consumer and Other	Residential Mortgage	Unallocated	Total
June 30, 2012
Allowance for loan losses:
Individually evaluated for impairment	$ 1,126	$ 40	$ 919	$ 581	$ 24	$ -	$ -	$ 2,690
Collectively evaluated for impairment	2,835	1,376	897	1,045	110	16	416	6,695
Total allowance for loan losses	$ 3,961	$ 1,416	$ 1,816	$ 1,626	$ 134	$ 16	$ 416	$ 9,385

Loans receivable:
Loans evaluated individually	$ 22,254	$ 5,715	$ 8,235	$ 3,605	$ 865	$ -	$ -	$ 40,674
Loans evaluated collectively	311,707	30,591	94,147	108,733	16,842	2,488	-	564,508
Total loans receivable	$ 333,961	$ 36,306	$ 102,382	$ 112,338	$ 17,707	$ 2,488	$ -	$ 605,182


(dollars in thousands)	Commercial Real Estate	Construction and Land Development	Commercial and Industrial	Owner Occupied Real Estate	Consumer and Other	Residential Mortgage	Unallocated	Total
December 31, 2011
Allowance for loan losses:
Individually evaluated for impairment	$ 2,066	$ 98	$ 629	$ 311	$ -	$ -	$ -	$ 3,104
Collectively evaluated for impairment	5,306	460	1,299	1,652	113	23	93	8,946
Total allowance for loan losses	$ 7,372	$ 558	$ 1,928	$ 1,963	$ 113	$ 23	$ 93	$ 12,050

Loans receivable:
Loans evaluated individually	$ 20,076	$ 6,983	$ 8,320	$ 1,862	$ 958	$ -	$ -	$ 38,199
Loans evaluated collectively	324,301	28,078	79,348	100,915	15,725	3,150	-	551,517
Total loans receivable	$ 344,377	$ 35,061	$ 87,668	$ 102,777	$ 16,683	$ 3,150	$ -	$ 589,716

Past Due Financing Receivables [Table Text Block]

(dollars in thousands)	30-59 Days Past Due	60-89 Days Past Due	Greater than 90 Days	Total Past Due	Current	Total Loans Receivable	Loans Receivable > 90 Days and Accruing
At June 30, 2012:
Commercial real estate	$ 6,882	$ 4,256	$ 2,450	$ 13,588	$ 320,373	$ 333,961	$ -
Construction and land development	335	-	3,100	3,435	32,871	36,306	-
Commercial and industrial	-	-	4,184	4,184	98,198	102,382	-
Owner occupied real estate	1,020	-	505	1,525	110,813	112,338	-
Consumer and other	185	252	653	1,090	16,617	17,707	-
Residential mortgage	-	-	-	-	2,488	2,488	-
Total	$ 8,422	$ 4,508	$ 10,892	$ 23,822	$ 581,360	$ 605,182	$ -

At December 31, 2011:
Commercial real estate	$ 8,662	$ 390	$ 1,880	$ 10,932	$ 333,445	$ 344,377	$ -
Construction and land development	-	-	4,022	4,022	31,039	35,061	-
Commercial and industrial	-	-	4,673	4,673	82,995	87,668	748
Owner occupied real estate	1,043	-	-	1,043	101,734	102,777	-
Consumer and other	1	-	737	738	15,945	16,683	-
Residential mortgage	-	-	-	-	3,150	3,150	-
Total	$ 9,706	$ 390	$ 11,312	$ 21,408	$ 568,308	$ 589,716	$ 748

Classes Of The Loan Portfolio Summarized By The Aggregate Risk Rating [Table Text Block]

(dollars in thousands)	Pass	Special Mention	Substandard	Doubtful	Total
June 30, 2012:
Commercial real estate	$ 303,766	$ 3,817	$ 26,378	$ -	$ 333,961
Construction and land development	29,951	-	6,355	-	36,306
Commercial and industrial	93,698	246	8,438	-	102,382
Owner occupied real estate	108,690	108	3,540	-	112,338
Consumer and other	16,484	101	1,122	-	17,707
Residential mortgage	2,488	-	-	-	2,488
Total	$ 555,077	$ 4,272	$ 45,833	$ -	$ 605,182

December 31, 2011:
Commercial real estate	$ 310,364	$ 8,573	$ 25,440	$ -	$ 344,377
Construction and land development	27,224	-	7,837	-	35,061
Commercial and industrial	77,888	248	9,532	-	87,668
Owner occupied real estate	99,031	-	3,746	-	102,777
Consumer and other	15,468	209	1,006	-	16,683
Residential mortgage	3,150	-	-	-	3,150
Total	$ 533,125	$ 9,030	$ 47,561	$ -	$ 589,716

Nonaccrual Loans By Classes Of The Loan Portfolio [Table Text Block]

The following table shows non-accrual loans by class as of June 30, 2012 and December 31, 2011:

(dollars in thousands)	June 30, 2012	December 31, 2011
Commercial real estate	$ 2,450	$ 1,880
Construction and land development	3,100	4,022
Commercial and industrial	4,184	3,925
Owner occupied real estate	505	-
Consumer and other	653	737
Residential mortgage	-	-
Total	$ 10,892	$ 10,564

Troubled Debt Restructurings [Table Text Block]

(dollars in thousands)	Accrual Status	Non-Accrual Status	Total Modifications
June 30, 2012:
Commercial real estate	$ 1,837	$ -	$ 1,837
Construction and land development	2,280	-	2,280
Commercial and industrial	-	-	-
Owner occupied real estate	-	-	-
Consumer and other	-	-	-
Residential mortgage	-	-	-
Total	$ 4,117	$ -	$ 4,117

December 31, 2011:
Commercial real estate	$ 2,383	$ -	$ 2,383
Construction and land development	2,625	-	2,625
Commercial and industrial	-	-	-
Owner occupied real estate	-	-	-
Consumer and other	-	-	-
Residential mortgage	-	-	-
Total	$ 5,008	$ -	$ 5,008