Loans

12 Months Ended

Dec. 31, 2014

Loans

Note 5. Loans

The following is a summary of the balances of loans:

(Dollars in thousands)	December 31, 2014			December 31, 2013
Mortgage loans on real estate:
Construction, Land and Land Development	$	43,048		$	31,839
Farmland		1,128			1,262
Commercial Mortgages (Non-Owner Occupied)		20,534			14,626
Commercial Mortgages (Owner Occupied)		33,326			34,177
Residential First Mortgages		135,267			114,458
Residential Revolving and Junior Mortgages		25,400			24,045
Commercial and Industrial loans		34,002			23,938
Consumer Loans		5,349			5,986
Total loans		298,054			250,331
Net unamortized deferred loans costs		393			506
Allowance for loan losses		(3,205	)		(2,925	)
Loans, net	$	295,242		$	247,912

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

(Dollars in thousands)	30-89 Days		90 Days or More Past Due and				Total Past Due and				Total
December 31, 2014	Past Due		Still Accruing		Nonaccruals		Nonaccruals		Current		Loans
Mortgage Loans on Real Estate:
Construction, Land and Land Development	$	64	$	—	$	669	$	733	$	42,315	$	43,048
Farmland		—		—		—		—		1,128		1,128
Commercial Mortgages (Non-Owner Occupied)		—		—		—		—		20,534		20,534
Commercial Mortgages (Owner Occupied)		—		—		566		566		32,760		33,326
Residential First Mortgages		1,270		—		359		1,629		133,638		135,267
Residential Revolving and Junior Mortgages		6		—		31		37		25,363		25,400
Commercial and Industrial		96		—		228		324		33,678		34,002
Consumer Loans		66		14		101		181		5,168		5,349
Total	$	1,502	$	14	$	1,954	$	3,470	$	294,584	$	298,054
December 31, 2013	30-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccruals		Total Past Due and Nonaccruals		Current		Total Loans
Mortgage Loans on Real Estate:
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