Loans And Allowance For Loan Losses

6 Months Ended

Jun. 30, 2011

Loans And Allowance For Loan Losses

Loans And Allowance For Loan Losses

Note 2. Loans and Allowance for Loan Losses

The major components of loans in the Consolidated Balance Sheets as of June 30, 2011 and December 31, 2010 are summarized below:

	2011			2010
Commercial	$	6,573		$	7,230
Real estate
Construction and land development		11,310			13,110
Residential, 1-4 families		27,834			29,961
Residential, 5 or more families		4,048			4,277
Farmland		1,295			1,274
Nonfarm, nonresidential		83,098			85,049
Agricultural		52			72
Consumer		2,839			2,923
Other		5,162			5,388
Gross loans		142,211			149,284
Unearned discount and net deferred loan fees and costs		(347	)		(368	)
Total loans	$	141,864		$	148,916

Changes in the allowance for loan losses are as follows:

Three months ended June 30, (In thousands)	2011			2010
Balance, at January 1	$	3,073		$	2,670
Provision charged to expense		439			271
Recoveries of amounts previously charged off		10			5
Loans charged off		(468	)		(24	)
Balance, at June 30	$	3,054		$	2,922