XML 34 R9.htm IDEA: XBRL DOCUMENT

Loans

9 Months Ended

Sep. 30, 2013

NOTE 3 – LOANS

The composition of net loans receivable at September 30, 2013 and December 31, 2012 is as follows:



(Dollars in thousands)	September 30, 2013		December 31, 2012

Commercial and industrial	$	17,999	$	16,158
Construction		9,649		7,004
Commercial real estate		256,976		225,345
Residential real estate		106,448		98,301
Consumer and other		1,615		1,255
		392,687		348,063
Unearned net loan origination fees		(387)		(327)
Allowance for loan losses		(5,655)		(4,976)
Net loans receivable	$	386,645	$	342,760

Mortgage loans serviced for others are not included in the accompanying balance sheets. The total amount of loans serviced for the benefit of others was approximately $553 thousand and $695 thousand at September 30, 2013 and December 31, 2012, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details