Loans (Tables)

6 Months Ended

Jun. 30, 2015

Summary of Balances of Loans

The following is a summary of the balances of loans:

(Dollars in thousands)	June 30, 2015			December 31, 2014
Mortgage loans on real estate:
Construction, Land and Land Development	$	43,894		$	43,048
Farmland		1,080			1,128
Commercial Mortgages (Non-Owner Occupied)		21,918			20,534
Commercial Mortgages (Owner Occupied)		36,441			33,326
Residential First Mortgages		150,222			135,267
Residential Revolving and Junior Mortgages		26,362			25,400
Commercial and Industrial loans		31,001			34,002
Consumer Loans		5,623			5,349
Total loans		316,541			298,054
Net unamortized deferred loans costs		340			393
Allowance for loan losses		(3,439	)		(3,205	)
Loans, net	$	313,442		$	295,242

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) Loans Past Due and Nonaccruals June 30, 2015	30-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccruals		Total Past Due and Nonaccruals		Current		Total Loans
Construction, Land and Land Development	$	47	$	67	$	768	$	882	$	43,012	$	43,894
Farmland		—		—		—		—		1,080		1,080
Commercial Mortgages (Non-Owner Occupied)		—		—		1,045		1,045		20,873		21,918
Commercial Mortgages (Owner Occupied)		1,098		—		1,495		2,593		33,848		36,441
Residential First Mortgages		1,383		323		900		2,606		147,616		150,222
Residential Revolving and Junior Mortgages		152		—		115		267		26,095		26,362
Commercial and Industrial		39		—		124		163		30,838		31,001
Consumer Loans		48		5		—		53		5,570		5,623
Total	$	2,767	$	395	$	4,447	$	7,609	$	308,932	$	316,541
Loans Past Due and Nonaccruals December 31, 2014	30-89 Days Past Due		90 Days or More Past Due and Still Accruing		Nonaccruals		Total Past Due and Nonaccruals		Current		Total Loans
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