Loan Portfolio (Tables)

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Consolidated loan portfolio

The consolidated loan portfolio was composed of the following on the dates indicated:

	June 30, 2013				December 31, 2012
	Outstanding Balance		Percent of Total Portfolio		Outstanding Balance		Percent of Total Portfolio
	(In Thousands)				(In Thousands)
Real estate loans:
Construction	$	48,040	6.8	%	$	50,218	7.1	%
Secured by farmland	11,575		1.6	%	11,876		1.7	%
Secured by 1-4 family residential	258,078		36.5	%	260,620		36.7	%
Other real estate loans	258,465		36.6	%	254,930		35.9	%
Commercial loans	117,235		16.6	%	118,573		16.8	%
Consumer loans	13,606		1.9	%	13,260		1.8	%
	706,999		100.0	%	709,477		100.0	%
Less allowance for loan losses	13,616				14,311
Net loans	$	693,383			$	695,166

Past due loans by class of loans

The following table presents a contractual aging of the recorded investment in past due loans by class of loans as of June 30, 2013 and December 31, 2012.

	June 30, 2013
					(In thousands)
	30-59 Days Past Due		60-89 Days Past Due		90 Days Or Greater		Total Past Due		Current		Total Loans
Real estate loans:
Construction	$	234	$	—	$	945	$	1,179	$	46,861	$	48,040
Secured by farmland	608		—		—		608		10,967		11,575
Secured by 1-4 family residential	753		117		2,847		3,717		254,361		258,078
Other real estate loans	825		—		4,726		5,551		252,914		258,465
Commercial loans	10		—		108		118		117,117		117,235
Consumer loans	130		44		—		174		13,432		13,606
Total	$	2,560	$	161	$	8,626	$	11,347	$	695,652	$	706,999

	December 31, 2012
					(In thousands)
	30-59 Days Past Due		60-89 Days Past Due		90 Days Or Greater		Total Past Due		Current		Total Loans
Real estate loans:
Construction	$	—	$	108	$	2,043	$	2,151	$	48,067	$	50,218
Secured by farmland	415		—		—		415		11,461		11,876
Secured by 1-4 family residential	1,625		568		1,910		4,103		256,517		260,620
Other real estate loans	197		361		6,112		6,670		248,260		254,930
Commercial loans	—		44		144		188		118,385		118,573
Consumer loans	27		10		32		69		13,191		13,260
Total	$	2,264	$	1,091	$	10,241	$	13,596	$	695,881	$	709,477

The following table presents the recorded investment in nonaccrual loans and loans past due 90 days or more and still accruing by class of loans as of June 30, 2013 and December 31, 2012:

	June 30, 2013				December 31, 2012
	Nonaccrual		Past due 90 days or more and still accruing		Nonaccrual		Past due 90 days or more and still accruing
	(In Thousands)
Real estate loans:
Construction	$	2,780	$	268	$	2,861	$	780
Secured by 1-4 family residential	9,086		168		8,761		228
Other real estate loans	6,346		368		7,866		—
Commercial loans	2,134		25		2,146		34
Consumer loans	30		—		30		2
Total	$	20,376	$	829	$	21,664	$	1,044

Summary of loan classifications by class of loan

The following tables present a summary of loan classifications by class of loan as of June 30, 2013 and December 31, 2012:

	June 30, 2013
					(In Thousands)
	Real Estate Construction		Real Estate Secured by Farmland		Real Estate Secured by 1-4 Family Residential		Other Real Estate Loans		Commercial		Consumer		Total
Pass	$	37,904	$	3,064	$	236,954	$	233,718	$	113,948	$	13,337	$	638,925
Special Mention	6,254		7,903		2,618		12,360		375		22		29,532
Substandard	3,307		608		16,440		12,387		2,823		63		35,628
Doubtful	575		—		2,066		—		89		184		2,914
Loss	—		—		—		—		—		—		—
Ending Balance	$	48,040	$	11,575	$	258,078	$	258,465	$	117,235	$	13,606	$	706,999

	December 31, 2012
					(In thousands)
	Real Estate Construction		Real Estate Secured by Farmland		Real Estate Secured by 1-4 Family Residential		Other Real Estate Loans		Commercial		Consumer		Total
Pass	$	29,741	$	11,068	$	237,121	$	228,052	$	112,298	$	13,134	$	631,414
Special Mention	15,540		199		3,767		12,949		3,332		47		35,834
Substandard	3,902		609		18,333		12,887		2,831		49		38,611
Doubtful	1,035		—		1,399		1,042		112		30		3,618
Loss	—		—		—		—		—		—		—
Ending Balance	$	50,218	$	11,876	$	260,620	$	254,930	$	118,573	$	13,260	$	709,477

Loans identified as impaired by class of loan

The following table presents loans identified as impaired by class of loan as of and for the six months ended June 30, 2013:

	June 30, 2013
			(In thousands)
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Real estate loans:
Construction	$	1,982	$	2,533	$	—	$	2,015	$	13
Secured by farmland	—		—		—		—		—
Secured by 1-4 family residential	4,205		4,623		—		4,367		50
Other real estate loans	3,659		3,659		—		3,684		116
Commercial loans	1,962		1,962		—		1,954		—
Consumer loans	—		—		—		—		—
Total with no related allowance	11,808		12,777		—		12,020		179
With an allowance recorded:
Real estate loans:
Construction	1,066		1,066		493		1,073		—
Secured by farmland	—		—		—		—		—
Secured by 1-4 family residential	6,872		6,923		3,129		6,977		51
Other real estate loans	5,796		5,798		913		5,820		71
Commercial loans	365		386		270		382		10
Consumer loans	35		35		35		34		—
Total with a related allowance	14,134		14,208		4,840		14,286		132
Total	$	25,942	$	26,985	$	4,840	$	26,306	$	311

The following table presents loans identified as impaired by class of loan as of and for the year ended December 31, 2012:

	December 31, 2012
			(In thousands)
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Real estate loans:
Construction	$	1,819	$	2,370	$	—	$	2,543	$	—
Secured by farmland	—		—		—		—		—
Secured by 1-4 family residential	3,248		3,667		—		3,712		50
Other real estate loans	3,135		3,178		—		3,141		91
Commercial loans	1,947		1,947		—		1,924		—
Consumer loans	—		—		—		—		—
Total with no related allowance	10,149		11,162		—		11,320		141
With an allowance recorded:
Real estate loans:
Construction	1,150		2,250		166		1,685		—
Secured by farmland	—		—		—		—		—
Secured by 1-4 family residential	7,544		8,203		2,724		7,842		65
Other real estate loans	7,505		7,605		1,045		7,691		73
Commercial loans	417		464		338		446		14
Consumer loans	30		30		30		30		—
Total with a related allowance	16,646		18,552		4,303		17,694		152
Total	$	26,795	$	29,714	$	4,303	$	29,014	$	293

Loans modified in TDR by class of loan

The following tables present by class of loan, information related to loans modified in a TDR during the three and six months ended June 30, 2013:

	Loans modified as TDR's
	For the three months ended
	June 30, 2013
Class of Loan	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(In thousands)
Real estate loans:
Construction	1	$	512	$	473
Secured by farmland	—	—		—
Secured by 1-4 family residential	5	1,394		1,387
Other real estate loans	—	—		—
Total real estate loans	6	1,906		1,860
Commercial loans	1	466		466
Consumer loans	—	—		—
Total	7	$	2,372	$	2,326
	Loans modified as TDR's
	For the six months ended
	June 30, 2013
Class of Loan	Number of Contracts	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment
	(In thousands)
Real estate loans:
Construction	1	$	512	$	473
Secured by farmland	—	—		—
Secured by 1-4 family residential	6	1,445		1,433
Other real estate loans	2	168		143
Total real estate loans	9	2,125		2,049
Commercial loans	1	466		466
Consumer loans	—	—		—
Total	10	$	2,591	$	2,515