Loans Receivable and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2016

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition of Loans Receivable [Table Text Block]

	Types of loans
	(dollars in thousands)
	March 31, 2016				December 31, 2015
Real Estate Loans:
Residential	$	160,013	28.3	%	$	161,820	28.9	%
Commercial		281,667	49.7			279,123	49.8
Construction		18,999	3.4			18,987	3.4
Commercial, financial and agricultural		72,970	12.9			71,090	12.7
Consumer loans to individuals		32,443	5.7			29,231	5.2
Total loans		566,092	100.0	%		560,251	100.0	%
Deferred fees, net		(305)				(326)
Total loans receivable		565,787				559,925
Allowance for loan losses		(7,642)				(7,298)
Net loans receivable	$	558,145			$	552,627

Additional Information Regarding Loans Acquired and Accounted for in Accordance with ASC 310-30 [Table Text Block]

	March 31, 2016		December 31, 2015
Outstanding Balance	$	482	$	498
Carrying Amount	$	482	$	498

Impaired Loans and Related Interest Income by Loan Portfolio Class [Table Text Block]

The following table shows the amount of loans in each category that were individually and collectively evaluated for impairment at the dates indicated:

	Real Estate Loans
							Commercial		Consumer
	Residential		Commercial		Construction		Loans		Loans		Total
March 31, 2016	(In thousands)
Individually evaluated for impairment	$	26	$	8,124	$	-	$	-	$	-	$	8,150
Loans acquired with deteriorated credit quality		133		349		-		-		-		482
Collectively evaluated for impairment		159,854		273,194		18,999		72,970		32,443		557,460
Total Loans	$	160,013	$	281,667	$	18,999	$	72,970	$	32,443	$	566,092

	Real Estate Loans
							Commercial		Consumer
	Residential		Commercial		Construction		Loans		Loans		Total
	(In thousands)
December 31, 2015
Individually evaluated for impairment	$	28	$	8,660	$	-	$	42	$	-	$	8,730
Loans acquired with deteriorated credit quality		140		358		-		-		-		498
Collectively evaluated for impairment		161,652		270,105		18,987		71,048		29,231		551,023
Total Loans	$	161,820	$	279,123	$	18,987	$	71,090	$	29,231	$	560,251

The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable.  Also presented are the average recorded investments in the impaired loans and the related amount of interest recognized during the time within the period that the impaired loans were impaired.

			Unpaid
	Recorded		Principal		Associated
	Investment		Balance		Allowance
March 31, 2016				(in thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	159	$	165	$	-
Commercial		2,775		3,169		-
Subtotal		2,934		3,334		-
With an allowance recorded:
Real Estate Loans
Commercial		5,698		7,199		1,644
Subtotal		5,698		7,199		1,644
Total:
Real Estate Loans
Residential		159		165		-
Commercial		8,473		10,368		1,644
Total Impaired Loans	$	8,632	$	10,533	$	1,644

			Unpaid
	Recorded		Principal		Associated
	Investment		Balance		Allowance
December 31, 2015				(in thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	168	$	173	$	-
Commercial		2,644		4,610		-
Commercial, financial and agriculture		43		43		-
Subtotal		2,855		4,826		-
With an allowance recorded:
Real Estate Loans
Commercial		6,373		6,446		1,613
Subtotal		6,373		6,446		1,613
Total:
Real Estate Loans
Residential		168		173		-
Commercial		9,017		11,056		1,613
Commercial, financial and agriculture		43		43		-
Total Impaired Loans	$	9,228	$	11,272	$	1,613

The following information for impaired loans is presented (in thousands) for the three months ended March 31, 2016 and 2015:

	Average Recorded				Interest Income
	Investment				Recognized
	2016		2015		2016		2015
Real Estate Loans:
Residential	$	164	$	223	$	1	$	1
Commercial		8,640		11,210		32		396
Total	$	8,804	$	11,433	$	33	$	397

Classes of the Loan Portfolio Summarized by the Aggregate Risk Rating [Table Text Block]

			Special					Doubtful
	Pass		Mention		Substandard		or Loss		Total
March 31, 2016
Commercial real estate loans	$	269,575	$	3,161	$	8,931	$	-	$	281,667
Commercial loans		72,970		-		-		-		72,970
Total	$	342,545	$	3,161	$	8,931	$	-	$	354,637

			Special					Doubtful
	Pass		Mention		Substandard		or Loss		Total
December 31, 2015
Commercial real estate loans	$	267,892	$	1,837	$	9,394	$	-	$	279,123
Commercial loans		71,047		-		43		-		71,090
Total	$	338,939	$	1,837	$	9,437	$	-	$	350,213

For residential real estate loans, construction loans and consumer loans, the Company evaluates credit quality based on the performance of the individual credits.  The following table presents the recorded investment in the loan classes based on payment activity as of March 31, 2016 and December 31, 2015 (in thousands):

	Performing		Nonperforming		Total
March 31, 2016
Residential real estate loans	$	159,540	$	473	$	160,013
Construction		18,999		-		18,999
Consumer loans		32,443		-		32,443
Total	$	210,982	$	473	$	211,455

	Performing		Nonperforming		Total
December 31, 2015
Residential real estate loans	$	161,380	$	440	$	161,820
Construction		18,987		-		18,987
Consumer loans		29,231		-		29,231
Total	$	209,598	$	440	$	210,038

Loan Portfolio Summarized by the Past Due Status [Table Text Block]

	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due and still accruing		Non-Accrual		Total Past Due and Non-Accrual		Total Loans
March 31, 2016
Real Estate loans
Residential	$	159,082	$	428	$	30	$	-	$	473	$	931	$	160,013
Commercial		275,062		211		-		-		6,394		6,605		281,667
Construction		18,999		-		-		-		-		-		18,999
Commercial  loans		72,970		-		-		-		-		-		72,970
Consumer  loans		32,391		38		14		-		-		52		32,443
Total	$	558,504	$	677	$	44	$	-	$	6,867	$	7,588	$	566,092
	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due and still accruing		Non-Accrual		Total Past Due and Non-Accrual		Total Loans
December 31, 2015
Real Estate loans
Residential	$	160,683	$	646	$	51	$	-	$	440	$	1,137	$	161,820
Commercial		272,125		310		39		-		6,649		6,998		279,123
Construction		18,959		28		-		-		-		28		18,987
Commercial  loans		71,043		4		-		-		43		47		71,090
Consumer  loans		29,179		41		11		-		-		52		29,231
Total	$	551,989	$	1,029	$	101	$	-	$	7,132	$	8,262	$	560,251

Allowance for Loan Losses and Recorded Investment in Financing Receivables [Table Text Block]

The following table presents the allowance for loan losses by the classes of the loan portfolio:

(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, December 31, 2015	$	1,069	$	5,506	$	90	$	397	$	236	$	7,298
Charge Offs		-		(129)		-		-		(7)		(136)
Recoveries		1		2		-		-		27		30
Provision for loan losses		7		379		19		49		(4)		450
Ending balance, March 31, 2016	$	1,077	$	5,758	$	109	$	446	$	252	$	7,642
Ending balance individually evaluated for impairment	$	-	$	1,644	$	-	$	-	$	-	$	1,644
Ending balance collectively evaluated for impairment	$	1,077	$	4,114	$	109	$	446	$	252	$	5,998

(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, December 31, 2014	$	1,323	$	3,890	$	222	$	256	$	184	$	5,875
Charge Offs		(87)		(393)		-		-		(15)		(495)
Recoveries		2		-		-		-		5		7
Provision for loan losses		115		497		(107)		97		18		620
Ending balance, March 31, 2015	$	1,353	$	3,994	$	115	$	353	$	192	$	6,007
Ending balance individually evaluated for impairment	$	-	$	284	$	-	$	-	$	-	$	284
Ending balance collectively evaluated for impairment	$	1,353	$	3,710	$	115	$	353	$	192	$	5,723