Loans And The Allowance For Loan Losses (Tables)

9 Months Ended

Sep. 30, 2015

Loans And The Allowance For Loan Losses [Abstract]




	September 30, 2015		December 31, 2014
Mortgage loans on real estate:	($ in thousands)
Residential mortgages	$	99,210	$	98,374
Commercial and multi-family		386,723		363,252
Construction-Residential		746		721
Construction-Commercial		48,191		40,986
Home equities		59,901		59,948
Total real estate loans		594,771		563,281

Commercial and industrial loans		132,780		129,456
Consumer loans		1,623		1,764
Other		1,311		404
Net deferred loan origination costs		754		759
Total gross loans		731,239		695,664

Allowance for loan losses		(13,456)		(12,533)

Loans, net	$	717,783	$	683,131

Data, At Class Level, Of Credit Quality Indicators Of Certain Loans And Leases




September 30, 2015
($ in thousands)
Corporate Credit Exposure – By Credit Rating	Commercial Real Estate Construction		Commercial and Multi-Family Mortgages		Total Commercial Real Estate		Commercial and Industrial
3	$	38,396	$	324,311	$	362,707	$	75,139
4		4,482		43,321		47,803		41,121
5		5,313		13,292		18,605		8,038
6		-		5,383		5,383		8,482
7		-		416		416		-
Total	$	48,191	$	386,723	$	434,914	$	132,780




December 31, 2014
($ in thousands)
Corporate Credit Exposure – By Credit Rating	Commercial Real Estate Construction		Commercial and Multi-Family Mortgages		Total Commercial Real Estate		Commercial and Industrial
3	$	29,421	$	299,798	$	329,219	$	83,789
4		10,492		50,691		61,183		30,223
5		1,073		7,853		8,926		8,662
6		-		4,757		4,757		6,613
7		-		153		153		169
Total	$	40,986	$	363,252	$	404,238	$	129,456

Recorded Investment In Loans Past Due




September 30, 2015
($ in thousands)

							Total Past		Current		Total		90+ Days		Non-accruing
	30-59 days		60-89 days		90+ days		Due		Balance		Balance		Accruing		Loans

Commercial and
industrial	$	345	$	-	$	188	$	533	$	132,247	$	132,780	$	163	$	5,152
Residential real estate:
Residential		8		267		560		835		98,375		99,210		184		1,101
Construction		-		-		-		-		746		746		-		-
Commercial real estate:
Commercial		-		-		893		893		385,830		386,723		233		760
Construction		-		-		-		-		48,191		48,191		-		-
Home equities		360		741		190		1,291		58,610		59,901		-		553
Consumer		27		1		9		37		1,586		1,623		9		15
Other		-		-		-		-		1,311		1,311		-		-
Total Loans	$	740	$	1,009	$	1,840	$	3,589	$	726,896	$	730,485	$	589	$	7,581

NOTE: Loan and lease balances do not include $754 thousand in net deferred loan origination costs as of September 30, 2015.



December 31, 2014
($ in thousands)

							Total Past		Current		Total		90+ Days		Non-accruing
	30-59 days		60-89 days		90+ days		Due		Balance		Balance		Accruing		Loans

Commercial and
industrial	$	153	$	60	$	274	$	487	$	128,969	$	129,456	$	-	$	5,500
Residential real estate:
Residential		848		158		682		1,688		96,686		98,374		-		1,296
Construction		-		-		-		-		721		721		-		-
Commercial real estate:
Commercial		4,201		3,115		513		7,829		355,423		363,252		-		3,162
Construction		8		-		201		209		40,777		40,986		201		-
Home equities		594		120		192		906		59,042		59,948		-		415
Consumer		13		1		-		14		1,750		1,764		-		17
Other		-		-		-		-		404		404		-		-
Total Loans	$	5,817	$	3,454	$	1,862	$	11,133	$	683,772	$	694,905	$	201	$	10,390

NOTE: Loan and lease balances do not include $759 thousand in net deferred loan origination costs as of December 31, 2014.

Schedule Of Allowance For Loan Losses According To Portfolio Segment

The following tables present the activity in the allowance for loan losses according to portfolio segment, for the nine month periods ended September 30, 2015 and 2014:




September 30, 2015

($ in thousands)	Commercial and Industrial		Commercial Real Estate Mortgages*		Consumer **		Residential Mortgages*		HELOC		Unallocated		Total
Allowance for loan
losses:
Beginning balance	$	4,896	$	5,650	$	78	$	941	$	819	$	149	$	12,533
Charge-offs		(100)		(35)		(17)		(66)		-		-		(218)
Recoveries		88		32		8		1		-		-		129
Provision (Credit)		(198)		1,143		5		70		(8)		-		1,012
Ending balance	$	4,686	$	6,790	$	74	$	946	$	811	$	149	$	13,456

Allowance for loan
losses:
Ending balance:
Individually evaluated
for impairment	$	735	$	83	$	44	$	-	$	-	$	-	$	862
Collectively evaluated
for impairment		3,951		6,707		30		946		811		149		12,594
Total	$	4,686	$	6,790	$	74	$	946	$	811	$	149	$	13,456

Loans:
Ending balance:
Individually evaluated
for impairment	$	5,306	$	3,331	$	44	$	2,334	$	1,038	$	-	$	12,053
Collectively evaluated
for impairment		127,474		431,583		2,890		97,622		58,863		-		718,432
Total	$	132,780	$	434,914	$	2,934	$	99,956	$	59,901	$	-	$	730,485

* Includes construction loans

** Includes all other consumer loans

NOTE: Loan balances do not include $754 thousand in net deferred loan origination costs as of September 30, 2015.



September 30, 2014

($ in thousands)	Commercial and Industrial		Commercial Real Estate Mortgages*		Consumer **		Residential Mortgages*		HELOC		Direct Financing Leases		Unallocated		Total
Allowance for loan
losses:
Beginning balance	$	4,489	$	4,912	$	37	$	1,038	$	878	$	-	$	149	$	11,503
Charge-offs		(913)		(57)		(25)		-		-		-		-		(995)
Recoveries		526		49		37		18		-		162		-		792
Provision (Credit)		(129)		931		25		7		(17)		(162)		-		655
Ending balance	$	3,973	$	5,835	$	74	$	1,063	$	861	$	-	$	149	$	11,955

Allowance for loan
losses:
Ending balance:
Individually evaluated
for impairment	$	216	$	318	$	49	$	3	$	5	$	-	$	-	$	591
Collectively evaluated
for impairment		3,757		5,517		25		1,060		856		-		149		11,364
Total	$	3,973	$	5,835	$	74	$	1,063	$	861	$	-	$	149	$	11,955

Loans:
Ending balance:
Individually evaluated
for impairment	$	613	$	13,808	$	49	$	2,131	$	1,020	$	-	$	-	$	17,621
Collectively evaluated
for impairment		117,291		392,202		2,464		97,899		57,253		-		-		667,109
Total	$	117,904	$	406,010	$	2,513	$	100,030	$	58,273	$	-	$	-	$	684,730

* Includes construction loans

** Includes all other consumer loans

NOTE: Loan balances do not include $610 thousand in net deferred loan origination costs as of September 30, 2014.

The following tables present the activity in the allowance for loan losses by portfolio segment for the three month periods ended September 30, 2015 and 2014:



September 30, 2015
($ in thousands)	Commercial and Industrial		Commercial Real Estate Mortgages*		Consumer **		Residential Mortgages*		HELOC		Unallocated		Total
Allowance for loan
and lease losses:
Beginning balance	$	4,645	$	6,494	$	71	$	948	$	803	$	149	$	13,110
Charge-offs		(20)		-		(6)		(66)		-		-		(92)
Recoveries		31		9		2		-		-		-		42
Provision		30		287		7		64		8		-		396
Ending balance	$	4,686	$	6,790	$	74	$	946	$	811	$	149	$	13,456



September 30, 2014
($ in thousands)	Commercial and Industrial		Commercial Real Estate Mortgages*		Consumer **		Residential Mortgages*		HELOC		Direct Financing Leases		Unallocated		Total
Allowance for loan
and lease losses:
Beginning balance	$	3,903	$	5,545	$	46	$	1,046	$	833	$	-	$	149	$	11,522
Charge-offs		(439)		-		(13)		-		-		-		-		(452)
Recoveries		467		10		33		16		-		32		-		558
Provision		42		280		8		1		28		(32)		-		327
Ending balance	$	3,973	$	5,835	$	74	$	1,063	$	861	$	-	$	149	$	11,955

Data, At Class Level, Of Impaired Loans



		At September 30, 2015
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
With no related allowance recorded:		($ in thousands)
Commercial and industrial	$	1,064	$	1,104	$	-	$	1,153	$	37	$	12
Residential real estate:
Residential		2,334		2,402		-		2,272		38		42
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		1,763		1,775		-		1,797		9		61
Construction		1,152		1,153		-		1,107		-		31
Home equities		1,038		1,093		-		1,058		24		19
Consumer		-		-		-		-		-		-
Other		-		-		-		-		-		-
Total impaired loans	$	7,351	$	7,527	$	-	$	7,387	$	108	$	165


		At September 30, 2015
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
With a related allowance recorded:		($ in thousands)
Commercial and industrial	$	4,242	$	4,462	$	735	$	4,642	$	210	$	11
Residential real estate:
Residential		-		-		-		-		-		-
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		416		533		83		427		26		-
Construction		-		-		-		-		-		-
Home equities		-		-		-		-		-		-
Consumer		44		58		44		46		2		3
Other		-		-		-		-		-		-
Total impaired loans	$	4,702	$	5,053	$	862	$	5,115	$	238	$	14


		At September 30, 2015
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
Total:		($ in thousands)
Commercial and industrial	$	5,306	$	5,566	$	735	$	5,795	$	247	$	23
Residential real estate:
Residential		2,334		2,402		-		2,272		38		42
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		2,179		2,308		83		2,224		35		61
Construction		1,152		1,153		-		1,107		-		31
Home equities		1,038		1,093		-		1,058		24		19
Consumer		44		58		44		46		2		3
Other		-		-		-		-		-		-
Total impaired loans	$	12,053	$	12,580	$	862	$	12,502	$	346	$	179



		At December 31, 2014
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
With no related allowance recorded:		(in thousands)
Commercial and industrial	$	1,017	$	1,022	$	-	$	1,096	$	9	$	66
Residential real estate:
Residential		2,264		2,435		-		2,271		37		68
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		2,103		2,208		-		2,139		33		91
Construction		1,074		1,074		-		1,169		-		44
Home equities		911		950		-		917		17		22
Consumer		-		-		-		-		-		-
Other		-		-		-		-		-		-
Total impaired loans	$	7,369	$	7,689	$	-	$	7,592	$	96	$	291


		At December 31, 2014
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
With a related allowance recorded:		(in thousands)
Commercial and industrial	$	4,701	$	4,734	$	988	$	4,701	$	64	$	234
Residential real estate:
Residential		271		285		3		271		20		-
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		2,640		2,785		274		2,708		96		50
Construction		-		-		-		-		-		-
Home equities		-		-		-		-		-		-
Consumer		48		60		48		49		5		6
Other		-		-		-		-		-		-
Total impaired loans	$	7,660	$	7,864	$	1,313	$	7,729	$	185	$	290


		At December 31, 2014
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
Total:		(in thousands)
Commercial and industrial	$	5,718	$	5,756	$	988	$	5,797	$	73	$	300
Residential real estate:
Residential		2,535		2,720		3		2,542		57		68
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		4,743		4,993		274		4,847		129		141
Construction		1,074		1,074		-		1,169		-		44
Home equities		911		950		-		917		17		22
Consumer		48		60		48		49		5		6
Other		-		-		-		-		-		-
Total impaired loans	$	15,029	$	15,553	$	1,313	$	15,321	$	281	$	581

Schedule Of Non-Performing Loans



	September 30, 2015			December 31, 2014
		($ in thousands)
Non-accruing loans:
Commercial and industrial loans	$	5,152		$	5,500
Residential real estate:
Residential		1,101			1,296
Construction		-			-
Commercial real estate:
Commercial and multi-family		760			3,162
Construction		-			-
Home equities		553			415
Consumer loans		15			17
Other		-			-
Total non-accruing loans	$	7,581		$	10,390

Accruing loans 90+ days past due		589			201
Total non-performing loans	$	8,170		$	10,591

Total non-performing loans
to total assets		0.89	%		1.25	%
Total non-performing loans
to total loans		1.12	%		1.52	%

Loans Classified As Troubled Debt Restructurings



		September 30, 2015
		($ in thousands)
		Total		Nonaccruing		Accruing		Related Allowance
Commercial and industrial	$	693	$	539	$	154	$	188
Residential real estate:
Residential		1,803		571		1,232		-
Construction		-		-		-		-
Commercial real estate:
Commercial and multi family		2,179		760		1,419		83
Construction		1,153		-		1,153		-
Home equities		702		216		486		-
Consumer loans		29		-		29		29
Other		-		-		-		-
Total troubled restructured loans	$	6,559	$	2,086	$	4,473	$	300



		December 31, 2014
		($ in thousands)
		Total		Nonaccruing		Accruing		Related Allowance
Commercial and industrial	$	492	$	274	$	218	$	173
Residential real estate:
Residential		1,833		594		1,239		-
Construction		-		-		-		-
Commercial real estate:
Commercial and multi family		2,428		847		1,581		33
Construction		1,074		-		1,074		-
Home equities		728		233		495		-
Consumer loans		31		-		31		31
Other		-		-		-		-
Total troubled restructured loans	$	6,586	$	1,948	$	4,638	$	237

TDR Activity By Type Of Concession Granted To Borrower


	Three months ended September 30, 2015			Three months ended September 30, 2014
	($ in thousands)			($ in thousands)

Troubled Debt Restructurings by Type of Concession	Number of Contracts	Pre-Modification Outstanding Recorded Investment	Post-Modification Outstanding Recorded Investment	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment

Commercial and Industrial	-	-	-	-	$	-		-
Residential Real Estate & Construction:
Extension of maturity & rate reduction	-	-	-	1		210	$	210
Commercial Real Estate & Construction	-	-	-	-		-		-
Home Equities:
Extension of maturity	-	-	-	7		524		524
Combination of concessions	-	-	-	1		65		65
Direct financing leases	-	-	-	-		-		-
Consumer loans	-	-	-	1		31		31
Other	-	-	-	-		-		-


	Nine months ended September 30, 2015					Nine months ended September 30, 2014
	($ in thousands)					($ in thousands)


Troubled Debt Restructurings by Type of Concession	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment

Commercial and Industrial:
Deferral of principal	3	$	541	$	541	-	$	-	$	-
Residential Real Estate & Construction:
Extension of maturity & rate reduction	-		-		-	1		210		210
Extension of maturity	-		-		-	2		632		632
Commercial Real Estate & Construction	-		-		-	-		-		-
Home Equities:
Extension of maturity	-		-		-	9		589		589
Extension of maturity & rate reduction	-		-		-	1		20		20
Combination of concessions	-		-		-	1		65		65
Direct financing leases	-		-		-	-		-		-
Consumer loans	-		-		-	1		31		31
Other	-		-		-	-		-		-

Loans Classified As TDRs Which Defaulted



	Three months ended September 30, 2015			Three months ended September 30, 2014
	($ in thousands)			($ in thousands)
Troubled Debt Restructurings	Number of	Recorded		Number of	Recorded
That Subsequently Defaulted	Contracts	Investment		Contracts	Investment
Commercial and Industrial	-	$	-	-		-
Residential Real Estate:
Residential	1		127	-		-
Construction	-		-	-		-
Commercial Real Estate:
Commercial and Multi-Family	1		416	-		-
Construction	-		-	-		-
Home Equities	-		-	-		-
Consumer loans	-		-	-		-
Other	-		-	-		-



	Nine months ended September 30, 2015			Nine months ended September 30, 2014
	($ in thousands)			($ in thousands)
Troubled Debt Restructurings	Number of	Recorded		Number of	Recorded
That Subsequently Defaulted	Contracts	Investment		Contracts	Investment
Commercial and Industrial	-	$	-	1	$	71
Residential Real Estate:
Residential	1		127	-		-
Construction	-		-	-		-
Commercial Real Estate:
Commercial and Multi-Family	2		661	-		-
Construction	-		-	-		-
Home Equities	1		19	1		54
Consumer loans	-		-	-		-
Other	-		-	-		-