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Loans

12 Months Ended

Dec. 31, 2013

NOTE 5 – LOANS

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



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

Commercial and industrial loans	$	15,205	$	16,158
Construction		7,307		7,004
Commercial real estate		260,664		225,345
Residential real estate		107,992		98,301
Consumer and other		1,617		1,255
		392,785		348,063
Unearned net loan origination fees		(383)		(327)
Allowance for loan losses		(5,421)		(4,976)
Net loans receivable	$	386,981	$	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 $546 thousand and $695 thousand at December 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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