Loans Receivable and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2012

Allowances for Loan Losses [Abstract]

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

Commercial real estate	$ 344,149	$ 344,377
Construction and land development	29,744	35,061
Commercial and industrial	108,665	87,668
Owner occupied real estate	117,959	102,777
Consumer and other	20,370	16,683
Residential mortgage	2,467	3,150
Total loans receivable	623,354	589,716
Deferred costs (fees)	(176)	(224)
Allowance for loan losses	(9,798)	(12,050)
Net loans receivable	$ 613,380	$ 577,442

Impaired Loans By Loan Portfolio Class [Table Text Block]

The following table summarizes information with regard to impaired loans by loan portfolio class as of September 30, 2012 and December 31, 2011:


		September 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	$ 16,200		$ 16,282	$ -	$ 11,053		$ 11,123	$ -
Construction and land development	4,842		9,825	-	6,165		12,011	-
Commercial and industrial	5,178		8,282	-	4,781		4,895	-
Owner occupied real estate	505		505	-	506		506	-
Consumer and other	914		1,141	-	958		1,196	-
Total	$ 27,639		$ 36,035	$ -	$ 23,463		$ 29,731	$ -

With an allowance recorded:
Commercial real estate	$ 10,138	$ 10,138	$ 1,681	$ 9,023	$ 9,023	$ 2,066
Construction and land development	733	1,933	83	818	1,933	98
Commercial and industrial	1,992	2,114	609	3,539	6,009	629
Owner occupied real estate	3,527	3,527	872	1,356	1,356	311
Consumer and other	146	153	47	-	-	-
Total	$ 16,536	$ 17,865	$ 3,292	$ 14,736	$ 18,321	$ 3,104

Total impaired loans:
Commercial real estate	$ 26,338	$ 26,420	$ 1,681	$ 20,076	$ 20,146	$ 2,066
Construction and land development	5,575	11,758	83	6,983	13,944	98
Commercial and industrial	7,170	10,396	609	8,320	10,904	629
Owner occupied real estate	4,032	4,032	872	1,862	1,862	311
Consumer and other	1,060	1,294	47	958	1,196	-
Total	$ 44,175	$ 53,900	$ 3,292	$ 38,199	$ 48,052	$ 3,104

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


	Three Months Ended September 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	$ 15,728	$ 186	$ 28,726	$ 231
Construction and land development	4,878	27	18,286	46
Commercial and industrial	4,955	28	2,313	27
Owner occupied real estate	673	3	1,436	9
Consumer and other	898	4	739	-
Total	$ 27,132	$ 248	$ 51,500	$ 312

With an allowance recorded:
Commercial real estate	$ 9,256	$ 124	$ 13,951	$ 159
Construction and land development	923	-	2,285	4
Commercial and industrial	2,480	16	3,956	5
Owner occupied real estate	3,123	48	2,066	32
Consumer and other	121	-	-	-
Total	$ 15,903	$ 188	$ 22,258	$ 200

Total impaired loans:

Commercial real estate	$ 24,984	$ 310	$ 42,677	$ 390
Construction and land development	5,801	27	20,571	49
Commercial and industrial	7,435	44	6,269	32
Owner occupied real estate	3,796	51	3,502	41
Consumer and other	1,019	4	739	-
Total	$ 43,035	$ 436	$ 73,758	$ 512

If these loans were performing under their original contractual rate, interest income on such loans would have increased approximately $225,000 and $503,000 for the three months ended September 30, 2012 and 2011, respectively.


	Nine Months Ended September 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	$ 14,786	$ 556	$ 31,140	$ 822
Construction and land development	4,946	86	17,328	144
Commercial and industrial	4,509	106	3,083	80
Owner occupied real estate	1,013	30	1,710	28
Consumer and other	866	8	709	-
Total	$ 26,120	$ 786	$ 53,970	$ 1,074

With an allowance recorded:
Commercial real estate	$ 7,488	$ 259	$ 12,901	$ 411
Construction and land development	1,305	-	5,545	25
Commercial and industrial	3,454	35	3,784	16
Owner occupied real estate	2,315	96	2,610	96
Consumer and other	73	-	-	-
Total	$ 14,635	$ 390	$ 24,840	$ 548

Total impaired loans:
Commercial real estate	$ 22,274	$ 815	$ 44,041	$ 1,233
Construction and land development	6,251	86	22,873	169
Commercial and industrial	7,963	141	6,867	96
Owner occupied real estate	3,328	126	4,320	124
Consumer and other	939	8	709	-
Total	$ 40,755	$ 1,176	$ 78,810	$ 1,622

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 nine months ended September 30, 2012 and September 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 September 30, 2012
Allowance for loan losses:

Beginning balance:	$ 3,961	$ 1,416	$ 1,816	$ 1,626	$ 134	$ 16	$ 416	$ 9,385
Charge-offs	(133)	-	(303)	-	(1)	-	-	(437)
Recoveries	-	-	-	-	-	-	-	-
Provisions (credits)	794	(173)	37	335	55	2	(200)	850
Ending balance	$ 4,622	$ 1,243	$ 1,550	$ 1,961	$ 188	$ 18	$ 216	$ 9,798

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

Beginning balance:	$ 8,646	$ 1,819	$ 2,729	$ 1,596	$ 124	$ 33	$ 161	$ 15,108
Charge-offs	(1,062)	(1,305)	(975)	-	(3)	-	-	(3,345)
Recoveries		-	-	-	1	-	-	1
Provisions (credits)	99	460	-	93	(8)	(10)	(18)	616
Ending balance	$ 7,683	$ 974	$ 1,754	$ 1,689	$ 114	$ 23	$ 143	$ 12,380

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

Nine months ended September 30, 2012
Allowance for loan losses:


Beginning balance:	$ 7,372	$ 558	$ 1,928	$ 1,963	$ 113	$ 23	$ 93	$ 12,050
Charge-offs	(899)	(921)	(1,063)	-	(102)	-	-	(2,985)
Recoveries	-	105	-	-	28	-	-	133
Provisions (credits)	(1,851)	1,501	685	(2)	149	(5)	123	600
Ending balance	$ 4,622	$ 1,243	$ 1,550	$ 1,961	$ 188	$ 18	$ 216	$ 9,798

Nine months ended September 30, 2011
Allowance for loan losses:

Beginning Balance:	$ 7,243	$ 837	$ 1,443	$ 1,575	$ 130	$ 41	$ 175	$ 11,444
Charge-offs	(2,096)	(1,675)	(975)	-	(34)	-	-	(4,780)
Recoveries	9	2	-	-	39	-	-	50
Provisions (credits)	2,527	1,810	1,286	114	(21)	(18)	(32)	5,666
Ending balance	$ 7,683	$ 974	$ 1,754	$ 1,689	$ 114	$ 23	$ 143	$ 12,380

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 September 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

September 30, 2012
Allowance for loan losses:
Individually evaluated for impairment	$ 1,681	$ 83	$ 609	$ 872	$ 47	$ -	$ -	$ 3,292
Collectively evaluated for impairment	2,941	1,160	941	1,089	141	18	216	6,506
Total allowance for loan losses	$ 4,622	$ 1,243	$ 1,550	$ 1,961	$ 188	$ 18	$ 216	$ 9,798

Loans receivable:
Loans evaluated individually	$ 26,338	$ 5,575	$ 7,170	$ 4,032	$ 1,060	$ -	$ -	$ 44,175
Loans evaluated collectively	317,811	24,169	101,495	113,927	19,310	2,467	-	579,179
Total loans receivable	$ 344,149	$ 29,744	$ 108,665	$ 117,959	$ 20,370	$ 2,467	$ -	$ 623,354


(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 September 30, 2012:
Commercial real estate	$ 13,963	$ 398	$ 8,293	$ 22,654	$ 321,495	$ 344,149	$ -
Construction and land development	263	-	3,100	3,363	26,381	29,744	-
Commercial and industrial	1,307	-	3,403	4,710	103,955	108,665	-
Owner occupied real estate	1,654	-	505	2,159	115,800	117,959	-
Consumer and other	9	-	851	860	19,510	20,370	-
Residential mortgage	-	-	-	-	2,467	2,467	-
Total	$ 17,196	$ 398	$ 16,152	$ 33,746	$ 589,608	$ 623,354	$ -

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
September 30, 2012:
Commercial real estate	$ 316,659	$ 247	$ 27,243	$ -	$ 344,149
Construction and land development	23,662	-	6,082	-	29,744
Commercial and industrial	101,358	-	7,307	-	108,665
Owner occupied real estate	113,761	167	4,031	-	117,959
Consumer and other	18,951	101	1,318	-	20,370
Residential mortgage	2,467	-	-	-	2,467
Total	$ 576,858	$ 515	$ 45,981	$ -	$ 623,354

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 September 30, 2012 and December 31, 2011:

(dollars in thousands)	September 30, 2012	December 31, 2011
Commercial real estate	$ 8,293	$ 1,880
Construction and land development	3,100	4,022
Commercial and industrial	3,403	3,925
Owner occupied real estate	505	-
Consumer and other	851	737
Residential mortgage	-	-
Total	$ 16,152	$ 10,564

Troubled Debt Restructurings [Table Text Block]

(dollars in thousands)	Accrual Status	Non-Accrual Status	Total Modifications
September 30, 2012:
Commercial real estate	$ 1,669	$ -	$ 1,669
Construction and land development	2,140	-	2,140
Commercial and industrial	-	-	-
Owner occupied real estate	1,946	-	1,946
Consumer and other	-	-	-
Residential mortgage	-	-	-
Total	$ 5,755	$ -	$ 5,755

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