Loans Receivable (Tables)

9 Months Ended

Sep. 30, 2012

Loans Receivable [Abstract]

Schedule of loans receivable

(In thousands)	September 30, 2012			December 31, 2011
Mortgage loans:
Residential real estate
Single family	$	327,805		$	312,723
Construction		46,109			45,363
Multi family		32,888			32,370
Total residential real estate		406,802			390,456
Commercial real estate
Commercial		78,974			83,447
Construction		18,410			17,307
Total commercial real estate		97,384			100,754
Subtotal mortgage loans		504,186			491,210
Other loans:
Consumer loans
Home equity loans		76,780			72,493
Dealer auto and RV loans		48,300			47,039
Other loans		8,045			9,255
Total consumer loans		133,125			128,787
Commercial business		54,358			50,337
Subtotal other loans		187,483			179,124
Total loans receivable		691,669			670,334
Less:
Allowance for loan losses		6,564			6,537
Deferred loan fees and net discounts		(1,951	)		(1,852	)
Loans in process		15,120			16,728
Subtotal		19,733			21,413
Net loans receivable	$	671,936		$	648,921

Changes in allowance for loan losses and recorded investment in loans

As of the three months ended September 30, 2012
(Dollar amounts in thousands)	Commercial			Commercial Real Estate			Consumer		Residential			Unallocated			Total
Allowance for loan losses:
Beginning balance	$	434		$	2,299		$	1,004	$	2,519		$	485		$	6,741
Charge-offs		32			163			206		153			—			554
Recoveries		—			—			27		—			—			27
Provision		94			—			174		82			—			350
Reallocations		—			(62	)		—		97			(35	)		—
Ending Balance	$	496		$	2,074		$	999	$	2,545		$	450		$	6,564
As of the three months ended September 30, 2011
(Dollar amounts in thousands)	Commercial			Commercial Real Estate			Consumer		Residential			Unallocated			Total
Allowance for loan losses:
Beginning balance	$	367		$	2,027		$	1,108	$	2,636		$	515		$	6,653
Charge-offs		—			—			124		650			—			774
Recoveries		1			—			21		48			—			70
Provision		—			100			50		150			—			300
Reallocations		(11	)		331			80		(61	)		(339	)		—
Ending Balance	$	357		$	2,458		$	1,135	$	2,123		$	176		$	6,249
As of the nine months ended September 30, 2012
(Dollar amounts in thousands)	Commercial			Commercial Real Estate			Consumer		Residential			Unallocated			Total
Allowance for loan losses:
Beginning balance	$	384		$	2,442		$	1,045	$	2,115		$	551		$	6,537
Charge-offs		32			163			445		277			—			917
Recoveries		—			—			77		17			—			94
Provision		144			—			322		384			—			850
Reallocations		—			(205	)		—		306			(101	)		—
Ending Balance	$	496		$	2,074		$	999	$	2,545		$	450		$	6,564
As of the nine months ended September 30, 2011
(Dollar amounts in thousands)	Commercial			Commercial Real Estate			Consumer		Residential			Unallocated			Total
Allowance for loan losses:
Beginning balance	$	784		$	1,831		$	1,125	$	2,573		$	234		$	6,547
Charge-offs		178			—			391		708			—			1,277
Recoveries		25			—			105		49			—			179
Provision		—			125			275		325			75			800
Reallocations		(274	)		502			21		(116	)		(133	)		—
Ending Balance	$	357		$	2,458		$	1,135	$	2,123		$	176		$	6,249

Schedule of recorded investment in loans

As of September 30, 2012
(Dollar amounts in thousands)	Commercial		Commercial Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Ending balance: individually evaluated for impairment	$	3	$	1,169	$	48	$	—	$	—	$	1,220
Ending balance: collectively evaluated for impairment	$	493	$	905	$	951	$	2,545	$	450	$	5,344
Ending balance: loans acquired with deteriorated credit quality	$	—	$	—	$	—	$	—	$	—	$	—
Loans Receivable:
Ending Balance	$	54,358	$	97,384	$	133,125	$	406,802	$	—	$	691,669
Ending balance: individually evaluated for impairment	$	38	$	13,513	$	291	$	2,305	$	—	$	16,147
Ending balance: collectively evaluated for impairment	$	54,320	$	83,871	$	132,834	$	404,497	$	—	$	675,522
Ending balance: loans acquired with deteriorated credit quality	$	—	$	—	$	—	$	—	$	—	$	—

As of December 31, 2011
(Dollar amounts in thousands)	Commercial		Commercial Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Ending balance: individually evaluated for impairment	$	10	$	1,489	$	50	$	—	$	—	$	1,549
Ending balance: collectively evaluated for impairment	$	374	$	953	$	995	$	2,115	$	551	$	4,988
Ending balance: loans acquired with deteriorated credit quality	$	—	$	—	$	—	$	—	$	—	$	—
Loans Receivable:
Ending Balance	$	50,337	$	100,754	$	128,787	$	390,456	$	—	$	670,334
Ending balance: individually evaluated for impairment	$	63	$	14,023	$	153	$	1,364	$	—	$	15,603
Ending balance: collectively evaluated for impairment	$	50,274	$	86,731	$	128,634	$	389,092	$	—	$	654,731
Ending balance: loans acquired with deteriorated credit quality	$	—	$	—	$	—	$	—	$	—	$	—

Schedule of credit exposures by internally assigned grades

As of September 30, 2012
(Dollar amounts in thousands)	Residential Real Estate Multi - family		Residential Real Estate Construction		Commercial Real Estate Commercial		Commercial Real Estate Construction		Commercial
Pass	$	32,888	$	39,802	$	63,417	$	18,410	$	53,783
Special Mention		—		5,363		1,475		—		539
Substandard		—		944		14,082		—		36
Doubtful		—		—		—		—		—
Loss		—		—		—		—		—
Ending Balance	$	32,888	$	46,109	$	78,974	$	18,410	$	54,358
As of December 31, 2011
(Dollar amounts in thousands)	Residential Real Estate Multi - family		Residential Real Estate Construction		Commercial Real Estate Commercial		Commercial Real Estate Construction		Commercial
Pass	$	32,370	$	38,219	$	67,119	$	17,307	$	50,232
Special Mention		—		7,144		2,319		—		57
Substandard		—		—		14,009		—		39
Doubtful		—		—		—		—		—
Loss		—		—		—		—		9
Ending Balance	$	32,370	$	45,363	$	83,447	$	17,307	$	50,337

Performing and nonperforming single family residential and consumer loans based on payment activity

As of September 30, 2012
(Dollar amounts in thousands)	Residential Real Estate Single Family		Consumer Home Equity		Dealer Auto and RV		Other Consumer
Performing	$	324,227	$	76,282	$	48,192	$	7,949
Nonperforming		3,578		498		108		96
Total	$	327,805	$	76,780	$	48,300	$	8,045
As of December 31, 2011
(Dollar amounts in thousands)	Residential Real Estate Single Family		Consumer Home Equity		Dealer Auto and RV		Other Consumer
Performing	$	310,263	$	72,091	$	46,907	$	9,162
Nonperforming		2,460		402		132		93
Total	$	312,723	$	72,493	$	47,039	$	9,255

Aging analysis of investment of past due loans receivable

(Dollar amounts in thousands)													Recorded
As of September 30, 2012	30-59 Days Past Due		60-89 Days Past Due		90 Days Or Greater		Total Past Due		Current		Total Loans Receivable		Investment > 90 Days and Accruing
Residential real estate
Single family	$	222	$	422	$	3,578	$	4,222	$	323,583	$	327,805	$	—
Construction		—		—		—		—		46,109		46,109		—
Multi-family		—		—		—		—		32,888		32,888		—
Commercial Real Estate
Commercial		188		796		3,076		4,060		74,914		78,974		—
Construction		—		—		—		—		18,410		18,410		—
Consumer
Consumer - home equity		43		—		207		250		76,530		76,780		—
Consumer - dealer auto and RV		601		126		108		835		47,465		48,300		—
Consumer - other		16		17		96		129		7,916		8,045		—
Commercial		504		—		38		542		53,816		54,358		—
Total	$	1,574	$	1,361	$	7,103	$	10,038	$	681,631	$	691,669	$	—
(Dollar amounts in thousands)													Recorded
As of December 31, 2011	30-59 Days Past Due		60-89 Days Past Due		90 Days Or Greater		Total Past Due		Current		Total Loans Receivable		Investment > 90 Days and Accruing
Residential real estate
Single family	$	464	$	2,933	$	2,460	$	5,857	$	306,866	$	312,723	$	—
Construction		—		—		—		—		45,363		45,363		—
Multi-family		—		—		—		—		32,370		32,370		—
Commercial Real Estate
Commercial		48		1,507		2,629		4,184		79,263		83,447		—
Construction		—		—		—		—		17,307		17,307		—
Consumer
Consumer - home equity		143		9		249		401		72,092		72,493		—
Consumer - dealer auto and RV		698		101		132		931		46,108		47,039		—
Consumer - other		98		23		93		214		9,041		9,255		—
Commercial		59		—		54		113		50,224		50,337		—
Total	$	1,510	$	4,573	$	5,617	$	11,700	$	658,634	$	670,334	$	—

Recorded investment and unpaid principal balances for impaired loans receivable

(Dollar amounts in thousands)	September 30, 2012						December 31, 2011
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
With no related allowance recorded:
Commercial Real Estate:
Commercial Real Estate	$	5,413	$	5,520	$	—	$	5,568	$	5,675	$	—
Commercial business loans		—		—		—		39		39		—
Residential loans		1,361		1,361		—		1,364		1,364		—
Residential construction loans		944		944		—		—		—		—
Consumer Loans:
Home Equity		139		139		—		—		—		—
With an allowance recorded:
Commercial Real Estate:
Commercial Real Estate	$	8,100	$	8,264	$	1,169	$	8,454	$	8,454	$	1,489
Consumer Loans:
Home Equity		152		152		48		153		153		50
Commercial business loans		38		38		3		25		25		10
Total:
Commercial Real Estate	$	13,513	$	13,784	$	1,169	$	14,023	$	14,129	$	1,489
Consumer		291		291		48		153		153		50
Residential		1,361		1,361		—		1,364		1,364		—
Residential construction loans		944		944		—		—		—		—
Commercial		38		38		3		63		63		10

(Dollar amounts in thousands)	Three months ended September 30, 2012				Three months ended September 30, 2011
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Commercial Real Estate:
Commercial Real Estate	$	5,451	$	58	$	1,056	$	18
Commercial business loans		—		—		163		10
Residential loans		1,361		2		—		—
Residential construction loans		102		10		—		—
Consumer Loans:
Home Equity		91		10		—		—
With an allowance recorded:
Residential Real Estate
Construction	$	—	$	—	$	—	$	—
Commercial Real Estate:
Commercial Real Estate		8,248		105		5,678		408
Consumer Loans:
Home Equity		152		1		154		7
Commercial business loans		37		2		25		3
Total:
Commercial Real Estate	$	13,699	$	163	$	6,734	$	426
Consumer		243		11		154		7
Residential		1,361		2		—		—
Residential construction loans		102		10		—		—
Commercial		37		2		188		13

(Dollar amounts in thousands)	Nine months ended September 30, 2012				Nine months ended September 30, 2011
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Commercial Real Estate:
Commercial Real Estate	$	5,488	$	170	$	1,138	$	18
Commercial business loans		—		—		77		10
Residential loans		1,362		7		—		—
Residential construction loans		421		32		—		—
Consumer Loans:
Home Equity		43		10		—		—
With an allowance recorded:
Residential Real Estate
Construction	$	—	$	—	$	1,432	$	—
Commercial Real Estate:
Commercial Real Estate		8,353		319		7,363		408
Consumer Loans:
Home Equity		153		6		155		7
Commercial business loans		41		2		151		3
Total:
Commercial Real Estate	$	13,841	$	489	$	8,501	$	426
Consumer		196		16		155		7
Residential		1,362		7		—		—
Residential construction loans		421		32		1,432		—
Commercial		41		2		228		13

Schedule of loans receivable on nonaccrual status

(Dollar amounts in thousands)	September 30, 2012		December 31, 2011
Commercial	$	38	$	54
Commercial Real Estate		11,338		10,237
Consumer
Consumer - Home Equity		359		402
Consumer - Dealer auto and RV		108		132
Consumer - Other		96		93
Residential		3,578		2,460
Total	$	15,517	$	13,378

Summery of information relating to troubled debt restructuring by class of loans

(Dollar amounts in thousands)	For the three months ended September 30, 2012
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Recorded Investment
					Maturity Date Extension		Deferral of Principal Payments		Other		Total
Troubled Debt Restructurings
Consumer
Home Equity		6	$	139	$	139	$	—	$	—	$	139
Total Troubled Debt Restructurings		6	$	139	$	139	$	—	$	—	$	139
(Dollar amounts in thousands)	For the three months ended September 30, 2011
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Recorded Investment
					Maturity Date Extension		Deferral of Principal Payments		Other		Total
Troubled Debt Restructurings
Consumer
Home Equity		—	$	—	$	—	$	—	$	—	$	—
Total Troubled Debt Restructurings		—	$	—	$	—	$	—	$	—	$	—

(Dollar amounts in thousands)	For the nine months ended September 30, 2012
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Recorded Investment
					Maturity Date Extension		Deferral of Principal Payments		Other		Total
Troubled Debt Restructurings
Residential construction loans		3	$	947	$	947	$	—	$	—	$	947
Commercial Real Estate		1		100		—		—		100		100
Consumer
Home Equity		6		139		139		—		—		139
Total Troubled Debt Restructurings		10	$	1,186	$	1,086	$	—	$	100	$	1,186
(Dollar amounts in thousands)	For the nine months ended September 30, 2011
	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Recorded Investment
					Maturity Date Extension		Deferral of Principal Payments		Other		Total
Troubled Debt Restructurings
Residential construction loans		—	$	—	$	—	$	—	$	—	$	—
Commercial Real Estate		3		7,372		—		7,305		125		7,430
Consumer
Home Equity		—		—		—		—		—		—
Total Troubled Debt Restructurings		3	$	7,372	$	—	$	7,305	$	125	$	7,430