Loans (Tables)

6 Months Ended

Jun. 30, 2014

Summary of Balances of Loans

The following is a summary of the balances of loans:

(Dollars in thousands)	June 30, 2014			December 31, 2013
Mortgage loans on real estate:
Construction, Land and Land Development	$	33,805		$	31,839
Farmland		1,174			1,262
Commercial Mortgages (Non-Owner Occupied)		15,717			14,626
Commercial Mortgages (Owner Occupied)		32,234			34,177
Residential First Mortgages		121,641			114,458
Residential Revolving and Junior Mortgages		25,816			24,045
Commercial and Industrial loans		22,678			23,938
Consumer Loans		5,799			5,986
Total loans	$	258,864		$	250,331
Net unamortized deferred loans costs		454			506
Allowance for loan losses		(2,973	)		(2,925	)
Loans, net	$	256,345		$	247,912

Recorded Investment in Past Due and Non-accruing Loans

The recorded investment in past due and non-accruing loans is shown in the following table. A loan past due by more than 90 days is generally placed on nonaccrual unless it is both well secured and in the process of collection.

(Dollars in thousands)	30-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccruals		Total Past Due and Nonaccruals		Current		Total Loans
Loans Past Due and Nonaccruals
June 30, 2014
Construction, Land and Land Development	$	64	$	—	$	847	$	911	$	32,894	$	33,805
Farmland		—		—		—		—		1,174		1,174
Commercial Mortgages (Non-Owner Occupied)		—		—		413		413		15,304		15,717
Commercial Mortgages (Owner Occupied)		—		—		—		—		32,234		32,234
Residential First Mortgages		954		—		236		1,190		120,451		121,641
Residential Revolving and Junior Mortgages		109		—		16		125		25,691		25,816
Commercial and Industrial		21		—		228		249		22,429		22,678
Consumer Loans		23		43		2		68		5,731		5,799
Total	$	1,171	$	43	$	1,742	$	2,956	$	255,908	$	258,864

Loans Past Due and Nonaccruals	30-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccruals		Total Past Due and Nonaccruals		Current		Total Loans
December 31, 2013
Construction, Land and Land Development	$	65	$	—	$	854	$	919	$	30,920	$	31,839
Farmland		—		—		—		—		1,262		1,262
Commercial Mortgages (Non-Owner Occupied)		—		—		—		—		14,626		14,626
Commercial Mortgages (Owner Occupied)		—		—		427		427		33,750		34,177
Residential First Mortgages		668		—		1,083		1,751		112,707		114,458
Residential Revolving and Junior Mortgages		108		—		76		184		23,861		24,045
Commercial and Industrial		16		—		311		327		23,611		23,938
Consumer Loans		60		19		3		82		5,904		5,986
Total	$	917	$	19	$	2,754	$	3,690	$	246,641	$	250,331