Loans Receivable and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2016

Loans Receivable and Allowance for Loan Losses [Abstract]

Composition of Loans Receivable [Table Text Block]

	Types of loans
	(dollars in thousands)
	June 30, 2016				December 31, 2015
Real Estate Loans:
Residential	$	159,872	27.5	%	$	161,820	28.9	%
Commercial		289,510	49.8			279,123	49.8
Construction		17,764	3.1			18,987	3.4
Commercial, financial and agricultural		75,835	13.0			71,090	12.7
Consumer loans to individuals		38,504	6.6			29,231	5.2
Total loans		581,485	100.0	%		560,251	100.0	%
Deferred fees, net		(265)				(326)
Total loans receivable		581,220				559,925
Allowance for loan losses		(5,798)				(7,298)
Net loans receivable	$	575,422			$	552,627

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

	June 30, 2016		December 31, 2015
Outstanding Balance	$	470	$	498
Carrying Amount	$	470	$	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
June 30, 2016	(In thousands)
Individually evaluated for impairment	$	25	$	2,817	$	-	$	-	$	-	$	2,842
Loans acquired with deteriorated credit quality		130		340		-		-		-		470
Collectively evaluated for impairment		159,717		286,353		17,764		75,835		38,504		578,173
Total Loans	$	159,872	$	289,510	$	17,764	$	75,835	$	38,504	$	581,485

	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
June 30, 2016				(in thousands)
With no related allowance recorded:
Real Estate Loans
Residential	$	155	$	159	$	-
Commercial		3,083		3,939		-
Subtotal		3,238		4,098		-
With an allowance recorded:
Real Estate Loans
Commercial		74		1,020		15
Subtotal		74		1,020		15
Total:
Real Estate Loans
Residential		155		159		-
Commercial		3,157		4,959		15
Total Impaired Loans	$	3,312	$	5,118	$	15

			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 six months ended June 30, 2016 and 2015:

	Average Recorded				Interest Income
	Investment				Recognized
	2016		2015		2016		2015
Real Estate Loans:
Residential	$	161	$	232	$	2	$	2
Commercial		3,218		11,333		57		465
Total	$	3,379	$	11,565	$	59	$	467

The following information for impaired loans is presented (in thousands) for the three months ended June 30, 2016 and 2015:

	Average Recorded				Interest Income
	Investment				Recognized
	2016		2015		2016		2015
Real Estate Loans:
Residential	$	157	$	236	$	1	$	1
Commercial		3,146		11,382		25		69
Total	$	3,303	$	11,618	$	26	$	70

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

			Special					Doubtful
	Pass		Mention		Substandard		or Loss		Total
June 30, 2016
Commercial real estate loans	$	280,926	$	3,327	$	5,257	$	-	$	289,510
Commercial loans		75,835		-		-		-		75,835
Total	$	356,761	$	3,327	$	5,257	$	-	$	365,345

			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 June 30, 2016 and December 31, 2015 (in thousands):

	Performing		Nonperforming		Total
June 30, 2016
Residential real estate loans	$	159,424	$	448	$	159,872
Construction		17,764		-		17,764
Consumer loans		38,504		-		38,504
Total	$	215,692	$	448	$	216,140

	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
June 30, 2016
Real Estate loans
Residential	$	158,225	$	1,166	$	33	$	-	$	448	$	1,647	$	159,872
Commercial		288,438		327		-		-		745		1,072		289,510
Construction		17,764		-		-		-		-		-		17,764
Commercial  loans		75,780		-		55		-		-		55		75,835
Consumer  loans		38,412		76		16		-		-		92		38,504
Total	$	578,619	$	1,569	$	104	$	-	$	1,193	$	2,866	$	581,485

	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		(17)		(2,642)		-		-		(30)		(2,689)
Recoveries		2		2		-		-		35		39
Provision for loan losses		(78)		1,325		(31)		(104)		38		1,150
Ending balance, June 30, 2016	$	976	$	4,191	$	59	$	293	$	279	$	5,798
Ending balance individually evaluated for impairment	$	-	$	15	$	-	$	-	$	-	$	15
Ending balance collectively evaluated for impairment	$	976	$	4,176	$	59	$	293	$	279	$	5,783

(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, March 31, 2016	$	1,077	$	5,758	$	109	$	446	$	252	$	7,642
Charge Offs		(17)		(2,513)		-		-		(23)		(2,553)
Recoveries		1		-		-		-		8		9
Provision for loan losses		(85)		946		(50)		(153)		42		700
Ending balance, June 30, 2016	$	976	$	4,191	$	59	$	293	$	279	$	5,798

(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		(113)		(827)		-		-		(43)		(983)
Recoveries		4		-		-		-		11		15
Provision for loan losses		(129)		1,089		(125)		149		56		1,040
Ending balance, June 30, 2015	$	1,085	$	4,152	$	97	$	405	$	208	$	5,947
Ending balance individually evaluated for impairment	$	-	$	802	$	-	$	-	$	-	$	802
Ending balance collectively evaluated for impairment	$	1,085	$	3,350	$	97	$	405	$	208	$	5,145

(In thousands)	Residential Real Estate		Commercial Real Estate		Construction		Commercial		Consumer		Total
Beginning balance, March 31, 2015	$	1,353	$	3,994	$	115	$	353	$	192	$	6,007
Charge Offs		(26)		(434)		-		-		(28)		(488)
Recoveries		2		-		-		-		6		8
Provision for loan losses		(244)		592		(18)		52		38		420
Ending balance, June 30, 2015	$	1,085	$	4,152	$	97	$	405	$	208	$	5,947