Loans And The Allowance For Loan Losses (Tables)

3 Months Ended

Mar. 31, 2016

Loans And The Allowance For Loan Losses [Abstract]




	March 31, 2016		December 31, 2015
Mortgage loans on real estate:	(in thousands)
Residential mortgages	$	105,545	$	103,941
Commercial and multi-family		406,206		399,819
Construction-Residential		1,149		1,546
Construction-Commercial		68,692		60,892
Home equities		61,593		61,042
Total real estate loans		643,185		627,240

Commercial and industrial loans		150,813		144,330
Consumer loans		1,684		1,596
Other		488		139
Net deferred loan origination costs		603		679
Total gross loans		796,773		773,984

Allowance for loan losses		(13,119)		(12,883)

Loans, net	$	783,654	$	761,101

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




March 31, 2016
(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	$	40,299	$	324,754	$	365,053	$	81,975
4		22,985		62,966		85,951		51,685
5		1,224		11,409		12,633		10,320
6		4,184		7,077		11,261		6,719
7		-		-		-		114
Total	$	68,692	$	406,206	$	474,898	$	150,813




December 31, 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	$	42,383	$	340,837	$	383,220	$	80,379
4		13,098		40,019		53,117		47,509
5		1,224		11,772		12,996		8,973
6		4,187		7,191		11,378		7,350
7		-		-		-		119
Total	$	60,892	$	399,819	$	460,711	$	144,330

Recorded Investment In Loans Past Due



March 31, 2016
(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	$	607	$	217	$	537	$	1,361	$	149,452	$	150,813	$	175	$	5,331
Residential real estate:
Residential		1,014		-		521		1,535		104,010		105,545		-		737
Construction		-		-		-		-		1,149		1,149		-		-
Commercial real estate:
Commercial		5,533		-		3,291		8,824		397,382		406,206		2,839		3,698
Construction		456		-		3,728		4,184		64,508		68,692		-		4,184
Home equities		94		104		762		960		60,633		61,593		-		963
Consumer		7		-		-		7		1,677		1,684		-		14
Other		-		-		-		-		488		488		-		-
Total Loans	$	7,711	$	321	$	8,839	$	16,871	$	779,299	$	796,170	$	3,014	$	14,927

NOTE: Loan balances do not include $603 thousand in net deferred loan origination costs as of March 31, 2016.



December 31, 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	$	160	$	224	$	66	$	450	$	143,880	$	144,330	$	40	$	5,312
Residential real estate:
Residential		822		402		569		1,793		102,148		103,941		-		1,400
Construction		-		-		-		-		1,546		1,546		-		-
Commercial real estate:
Commercial		1,919		963		457		3,339		396,480		399,819		457		3,574
Construction		-		-		-		-		60,892		60,892		-		4,187
Home equities		253		236		267		756		60,286		61,042		-		1,058
Consumer		8		-		-		8		1,588		1,596		-		14
Other		-		-		-		-		139		139		-		-
Total Loans	$	3,162	$	1,825	$	1,359	$	6,346	$	766,959	$	773,305	$	497	$	15,545

NOTE: Loan balances do not include $679 thousand in net deferred loan origination costs as of December 31, 2015.

Schedule Of Allowance For Loan Losses According To Portfolio Segment




March 31, 2016

(in thousands)	Commercial and Industrial		Commercial Real Estate Mortgages*		Consumer **		Residential Mortgages*		HELOC		Unallocated		Total
Allowance for loan
losses:
Beginning balance	$	4,383	$	7,135	$	85	$	909	$	371	$	-	$	12,883
Charge-offs		(13)		-		(7)		-		-		-		(20)
Recoveries		7		38		3		-		-		-		48
Provision (Credit)		203		269		12		(213)		(63)		-		208
Ending balance	$	4,580	$	7,442	$	93	$	696	$	308	$	-	$	13,119

Allowance for loan
losses:
Ending balance:
Individually evaluated
for impairment	$	516	$	1,134	$	41	$	2	$	-	$	-	$	1,693
Collectively evaluated
for impairment		4,064		6,308		52		694		308		-		11,426
Total	$	4,580	$	7,442	$	93	$	696	$	308	$	-	$	13,119

Loans:
Ending balance:
Individually evaluated
for impairment	$	5,382	$	10,092	$	41	$	2,482	$	1,545	$	-	$	19,542
Collectively evaluated
for impairment		145,431		464,806		2,131		104,212		60,048		-		776,628
Total	$	150,813	$	474,898	$	2,172	$	106,694	$	61,593	$	-	$	796,170

* Includes construction loans

** Includes all other consumer loans

NOTE: Loan balances do not include $603 thousand in net deferred loan origination costs as of March 31, 2016.



March 31, 2015

(in thousands)	Commercial and Industrial		Commercial Real Estate Mortgages*		Consumer **		Residential Mortgages*		HELOC		Unallocated		Total
Allowance for loan
and lease losses:
Beginning balance	$	4,896	$	5,650	$	78	$	941	$	819	$	149	$	12,533
Charge-offs		-		-		(6)		-		-		-		(6)
Recoveries		38		10		1		-		-		-		49
Provision (Credit)		55		170		(3)		(17)		(4)		-		201
Ending balance	$	4,989	$	5,830	$	70	$	924	$	815	$	149	$	12,777

Allowance for loan
and lease losses:
Ending balance:
Individually evaluated
for impairment	$	978	$	124	$	47	$	3	$	-	$	-	$	1,152
Collectively evaluated
for impairment		4,011		5,706		23		921		815		149		11,625
Total	$	4,989	$	5,830	$	70	$	924	$	815	$	149	$	12,777

Loans and leases:
Ending balance:
Individually evaluated
for impairment	$	6,577	$	5,604	$	47	$	2,512	$	981	$	-	$	15,721
Collectively evaluated
for impairment		125,839		400,776		1,779		98,274		58,708		-		685,376
Total	$	132,416	$	406,380	$	1,826	$	100,786	$	59,689	$	-	$	701,097

* Includes construction loans

** Includes all other consumer loans

NOTE: Loan balances do not include $641 thousand in net deferred loan origination costs as of March 31, 2015.

Data, At Class Level, Of Impaired Loans



		At March 31, 2016
		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	$	1,908	$	1,975	$	-	$	2,074	$	16	$	2
Residential real estate:
Residential		2,427		2,483		-		2,462		10		12
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		3,999		4,039		-		4,062		22		16
Construction		834		834		-		834		-		12
Home equities		1,545		1,607		-		1,560		13		6
Consumer		-		-		-		-		-		-
Other		-		-		-		-		-		-
Total impaired loans	$	10,713	$	10,938	$	-	$	10,992	$	61	$	48


		At March 31, 2016
		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	$	3,474	$	3,775	$	516	$	3,711	$	40	$	-
Residential real estate:
Residential		55		55		2		55		-		-
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		1,075		1,083		232		1,079		12		-
Construction		4,184		4,200		902		4,186		48		-
Home equities		-		-		-		-		-		-
Consumer		41		56		41		43		1		1
Other		-		-		-		-		-		-
Total impaired loans	$	8,829	$	9,169	$	1,693	$	9,074	$	101	$	1


		At March 31, 2016
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
Total:		(in thousands)
Commercial and industrial	$	5,382	$	5,750	$	516	$	5,785	$	56	$	2
Residential real estate:
Residential		2,482		2,538		2		2,517		10		12
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		5,074		5,122		232		5,141		34		16
Construction		5,018		5,034		902		5,020		48		12
Home equities		1,545		1,607		-		1,560		13		6
Consumer		41		56		41		43		1		1
Other		-		-		-		-		-		-
Total impaired loans	$	19,542	$	20,107	$	1,693	$	20,066	$	162	$	49



		At December 31, 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	$	1,750	$	1,811	$	-	$	1,945	$	58	$	47
Residential real estate:
Residential		2,444		2,555		-		2,474		90		63
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		3,888		3,908		-		3,930		27		179
Construction		834		834		-		834		-		31
Home equities		1,644		1,711		-		1,661		40		52
Consumer		-		-		-		-		-		-
Other		-		-		-		-		-		-
Total impaired loans	$	10,560	$	10,819	$	-	$	10,844	$	215	$	372


		At December 31, 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	$	3,572	$	3,835	$	552	$	3,966	$	255	$	9
Residential real estate:
Residential		55		55		2		55		1		2
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		1,083		1,083		235		1,083		4		42
Construction		4,188		4,201		911		4,188		29		166
Home equities		-		-		-		-		-		-
Consumer		42		57		42		45		2		6
Other		-		-		-		-		-		-
Total impaired loans	$	8,940	$	9,231	$	1,742	$	9,337	$	291	$	225


		At December 31, 2015
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
Total:		(in thousands)
Commercial and industrial	$	5,322	$	5,646	$	552	$	5,911	$	313	$	56
Residential real estate:
Residential		2,499		2,610		2		2,529		91		65
Construction		-		-		-		-		-		-
Commercial real estate:
Commercial		4,971		4,991		235		5,013		31		221
Construction		5,022		5,035		911		5,022		29		197
Home equities		1,644		1,711		-		1,661		40		52
Consumer		42		57		42		45		2		6
Other		-		-		-		-		-		-
Total impaired loans	$	19,500	$	20,050	$	1,742	$	20,181	$	506	$	597

Schedule Of Non-Performing Loans



	March 31, 2016			December 31, 2015
		(in thousands)
Non-accruing loans:
Commercial and industrial loans	$	5,331		$	5,312
Residential real estate:
Residential		737			1,400
Construction		-			-
Commercial real estate:
Commercial and multi-family		3,698			3,574
Construction		4,184			4,187
Home equities		963			1,058
Consumer loans		14			14
Other		-			-
Total non-accruing loans	$	14,927		$	15,545

Accruing loans 90+ days past due		3,014			497
Total non-performing loans	$	17,941		$	16,042

Total non-performing loans
to total assets		1.81	%		1.71	%
Total non-performing loans
to total loans		2.25	%		2.07	%

Loans Classified As Troubled Debt Restructurings



		March 31, 2016
		(in thousands)
		Total		Nonaccruing		Accruing		Related Allowance
Commercial and industrial	$	533	$	481	$	52	$	160
Residential real estate:
Residential		1,869		124		1,745		-
Construction		-		-		-		-
Commercial real estate:
Commercial and multi-family		1,702		327		1,375		-
Construction		834		-		834		-
Home equities		761		179		582		-
Consumer loans		27		-		27		27
Other		-		-		-		-
Total troubled restructured loans	$	5,726	$	1,111	$	4,615	$	187



		December 31, 2015
		(in thousands)
		Total		Nonaccruing		Accruing		Related Allowance
Commercial and industrial	$	517	$	508	$	9	$	165
Residential real estate:
Residential		1,789		689		1,100		-
Construction		-		-		-		-
Commercial real estate:
Commercial and multi-family		1,732		334		1,398		-
Construction		834		-		834		-
Home equities		867		281		586		-
Consumer loans		28		-		28		28
Other		-		-		-		-
Total troubled restructured loans	$	5,767	$	1,812	$	3,955	$	193

TDR Activity By Type Of Concession Granted To Borrower


	Three months ended March 31, 2016					Three months ended March 31, 2015
	(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
Extension of maturity	1		24		24	-		-		-
Term-out line of credit	1		20		20	-		-		-
Residential Real Estate & Construction:
Extension of maturity	1		95		95	-		-		-
Commercial Real Estate & Construction	-		-		-	-		-		-
Home Equities	-		-		-	-		-		-
Consumer loans	-		-		-	-		-		-
Other	-		-		-	-		-		-

Loans Classified As TDRs Which Defaulted



	Three months ended March 31, 2016			Three months ended March 31, 2015
	(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	-		-	-		-
Construction	-		-	-		-
Commercial Real Estate:
Commercial and multi-family	-		-	-		-
Construction	-		-	-		-
Home Equities	-		-	1		19
Consumer loans	-		-	-		-
Other	-		-	-		-