Loans and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Financing Receivables [Table Text Block]

The following table provides information about the principal classes of the loan portfolio at June 30, 2016 and December 31, 2015.

(Dollars in thousands)	June 30, 2016		December 31, 2015
Construction	$	81,148	$	85,632
Residential real estate		320,041		307,063
Commercial real estate		345,713		330,253
Commercial		66,959		64,911
Consumer		7,218		7,255
Total loans		821,079		795,114
Allowance for credit losses		(8,358)		(8,316)
Total loans, net	$	812,721	$	786,798

Allowance for Credit Losses on Loans Receivables Additional Information [Table Text Block]

The following tables include impairment information relating to loans and the allowance for credit losses as of June 30, 2016 and December 31, 2015.

(Dollars in thousands)	Construction		Residential real estate		Commercial real estate		Commercial		Consumer		Unallocated		Total
June 30, 2016
Loans individually evaluated for impairment	$	9,670	$	9,719	$	7,188	$	192	$	99	$	-	$	26,868
Loans collectively evaluated for impairment		71,478		310,322		338,525		66,767		7,119		-		794,211
Total loans	$	81,148	$	320,041	$	345,713	$	66,959	$	7,218	$	-	$	821,079

Allowance for credit losses allocated to:
Loans individually evaluated for impairment	$	764	$	207	$	276	$	45	$	-	$	-	$	1,292
Loans collectively evaluated for impairment		980		1,828		2,595		632		206		825		7,066
Total allowance for credit losses	$	1,744	$	2,035	$	2,871	$	677	$	206	$	825	$	8,358

(Dollars in thousands)	Construction		Residential real estate		Commercial real estate		Commercial		Consumer		Unallocated		Total
December 31, 2015
Loans individually evaluated for impairment	$	11,598	$	7,945	$	7,762	$	161	$	122	$	-	$	27,588
Loans collectively evaluated for impairment		74,034		299,118		322,491		64,750		7,133		-		767,526
Total loans	$	85,632	$	307,063	$	330,253	$	64,911	$	7,255	$	-	$	795,114

Allowance for credit losses allocated to:
Loans individually evaluated for impairment	$	619	$	435	$	340	$	-	$	7	$	-	$	1,401
Loans collectively evaluated for impairment		1,027		1,746		2,659		558		149		776		6,915
Total allowance for credit losses	$	1,646	$	2,181	$	2,999	$	558	$	156	$	776	$	8,316

Impaired Financing Receivables [Table Text Block]

The following tables provide information on impaired loans and any related allowance by loan class as of June 30, 2016 and December 31, 2015. The difference between the unpaid principal balance and the recorded investment is the amount of partial charge-offs that have been taken.

(Dollars in thousands)	Unpaid principal balance		Recorded investment with no allowance		Recorded investment with an allowance		Related allowance		Quarter-to- date average recorded investment		Year-to-date average recorded investment		Interest income recognized
June 30, 2016
Impaired nonaccrual loans:
Construction	$	11,000	$	2,562	$	2,867	$	739	$	5,489	$	6,353	$	-
Residential real estate		5,886		4,046		1,579		134		3,914		3,103		-
Commercial real estate		2,832		1,777		409		121		2,058		2,308		-
Commercial		212		147		45		45		164		161		-
Consumer		99		99		-		-		106		114		-
Total		20,029		8,631		4,900		1,039		11,731		12,039		-

Impaired accruing TDRs:
Construction		4,241		3,449		792		25		4,244		4,142		43
Residential real estate		4,095		2,719		1,376		73		4,931		5,300		102
Commercial real estate		5,001		1,589		3,412		155		5,066		5,215		85
Commercial		-		-		-		-		-		-		-
Consumer		-		-		-		-		-		-		-
Total		13,337		7,757		5,580		253		14,241		14,657		230

Total impaired loans:
Construction		15,241		6,011		3,659		764		9,733		10,495		43
Residential real estate		9,980		6,764		2,955		207		8,845		8,403		102
Commercial real estate		7,834		3,366		3,822		276		7,124		7,523		85
Commercial		212		147		45		45		164		161		-
Consumer		99		99		-		-		106		114		-
Total	$	33,366	$	16,387	$	10,481	$	1,292	$	25,972	$	26,696	$	230

											June 30, 2015
(Dollars in thousands)	Unpaid principal balance		Recorded investment with no allowance		Recorded investment with an allowance		Related allowance		Quarter-to- date average recorded investment		Year-to-date average recorded investment		Interest income recognized
December 31, 2015
Impaired nonaccrual loans:
Construction	$	11,850	$	4,647	$	2,882	$	588	$	8,478	$	8,169	$	-
Residential real estate		2,563		1,773		487		208		2,041		2,159		-
Commercial real estate		2,988		1,813		209		9		2,707		2,698		-
Commercial		175		161		-		-		95		72		-
Consumer		128		98		23		7		123		123		-
Total		17,704		8,492		3,601		812		13,444		13,221		-

Impaired accruing TDRs:
Construction		4,069		3,266		803		31		4,109		4,064		40
Residential real estate		5,686		2,380		3,306		227		7,393		6,866		160
Commercial real estate		5,740		1,702		4,038		331		6,238		6,255		116
Commercial		-		-		-		-		41		43		-
Consumer		-		-		-		-		-		-		-
Total		15,495		7,348		8,147		589		17,781		17,228		316

Total impaired loans:
Construction		15,919		7,913		3,685		619		12,587		12,233		40
Residential real estate		8,249		4,153		3,793		435		9,434		9,025		160
Commercial real estate		8,728		3,515		4,247		340		8,945		8,953		116
Commercial		175		161		-		-		136		115		-
Consumer		128		98		23		7		123		123		-
Total	$	33,199	$	15,840	$	11,748	$	1,401	$	31,225	$	30,449	$	316

Schedule of Financing Receivables Accruing and Non Accrual of Troubled Debt restructurings [Table Text Block]

The following tables provide a roll-forward for troubled debt restructurings as of June 30, 2016 and June 30, 2015.

(Dollars in thousands)	1/1/16 TDR Balance		New TDRs		Disbursements (Payments)		Charge offs		Reclassification/ Transfers In/(Out)		Payoffs		6/30/16 TDR Balance		Related Allowance
For the six months ended 6/30/2016
Accruing TDRs
Construction	$	4,069	$	-	$	172	$	-	$	-	$	-	$	4,241	$	25
Residential Real Estate		5,686		533		(350)		-		(1,595)		(179)		4,095		73
Commercial Real Estate		5,740		495		(659)		(117)		(458)		-		5,001		155
Commercial		-		-		-		-		-		-		-		-
Consumer		-		-		-		-		-		-		-		-
Total	$	15,495	$	1,028	$	(837)	$	(117)	$	(2,053)	$	(179)	$	13,337	$	253

Nonaccrual TDRs
Construction	$	4,960	$	2,570	$	(1,847)	$	(254)	$	-	$	-	$	5,429	$	739
Residential Real Estate		445		-		(293)		-		1,595		-		1,747		72
Commercial Real Estate		-		-		-		(258)		458		-		200		112
Commercial		-		-		-		-		-		-		-		-
Consumer		23		-		(23)		-		-		-		-		-
Total	$	5,428	$	2,570	$	(2,163)	$	(512)	$	2,053	$	-	$	7,376	$	923

Total TDRs	$	20,923	$	3,598	$	(3,000)	$	(629)	$	-	$	(179)	$	20,713	$	1,176

(Dollars in thousands)	1/1/15 TDR Balance		New TDRs		Disbursements (Payments)		Charge offs		Reclassification/ Transfers In/(Out)		Payoffs		6/30/15 TDR Balance		Related Allowance
For the six months ended 6/30/2015
Accruing TDRs
Construction	$	4,022	$	-	$	(39)	$	-	$	142	$	-	$	4,125	$	35
Residential Real Estate		6,368		1,837		(245)		-		(78)		-		7,882		267
Commercial Real Estate		6,237		-		(9)		-		-		-		6,228		21
Commercial		47		-		(7)		-		-		-		40		-
Consumer		-		-		-		-		-		-		-		-
Total	$	16,674	$	1,837	$	(300)	$	-	$	64	$	-	$	18,275	$	323

Nonaccrual TDRs
Construction	$	3,321	$	-	$	(100)	$	(579)	$	2,911	$	-	$	5,553	$	661
Residential Real Estate		3,382		-		(18)		-		(2,911)		-		453		-
Commercial Real Estate		346		-		(4)		(40)		(302)		-		-		-
Commercial		-		-		-		-		-		-		-		-
Consumer		25		-		(1)		-		-		-		24		-
Total	$	7,074	$	-	$	(123)	$	(619)	$	(302)	$	-	$	6,030	$	661

Total TDRs	$	23,748	$	1,837	$	(423)	$	(619)	$	(238)	$	-	$	24,305	$	984

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following tables provide information on loans that were modified and considered TDRs during the six months ended June 30, 2016 and June 30, 2015.

(Dollars in thousands)	Number of contracts		Premodification outstanding recorded investment		Postmodification outstanding recorded investment		Related allowance
TDRs:
For the six months ended June 30, 2016
Construction		-	$	-	$	-	$	-
Residential real estate		3		668		668		-
Commercial real estate		1		495		495		-
Commercial		-		-		-		-
Consumer		-		-		-		-
Total		4	$	1,163	$	1,163	$	-

For the six months ended June 30, 2015
Construction		-	$	-	$	-	$	-
Residential real estate		10		1,835		1,837		19
Commercial real estate		-		-		-		-
Commercial		-		-		-		-
Consumer		-		-		-		-
Total		10	$	1,835	$	1,837	$	19

Financing Receivable Credit Quality Indicators [Table Text Block]

The following tables provide information on loan risk ratings as of June 30, 2016 and December 31, 2015.

(Dollars in thousands)	Pass/Performing		Special mention		Substandard		Doubtful		Total
June 30, 2016
Construction	$	67,567	$	4,061	$	9,520	$	-	$	81,148
Residential real estate		303,447		6,739		9,855		-		320,041
Commercial real estate		320,593		15,980		9,140		-		345,713
Commercial		65,795		733		431		-		66,959
Consumer		7,119		-		99		-		7,218
Total	$	764,521	$	27,513	$	29,045	$	-	$	821,079

(Dollars in thousands)	Pass/Performing		Special mention		Substandard		Doubtful		Total
December 31, 2015
Construction	$	70,214	$	3,903	$	11,515	$	-	$	85,632
Residential real estate		290,857		8,837		7,369		-		307,063
Commercial real estate		302,438		18,699		9,116		-		330,253
Commercial		63,628		1,075		208		-		64,911
Consumer		7,107		26		122		-		7,255
Total	$	734,244	$	32,540	$	28,330	$	-	$	795,114

Past Due Financing Receivables [Table Text Block]

The following tables provide information on the aging of the loan portfolio as of June 30, 2016 and December 31, 2015.

	Accruing
(Dollars in thousands)	Current			30-59 days past due			60-89 days past due			90 days or more past due			Total past due			Nonaccrual			Total
June 30, 2016
Construction	$	75,619		$	-		$	100		$	-		$	100		$	5,429		$	81,148
Residential real estate		311,432			934			2,050			-			2,984			5,625			320,041
Commercial real estate		342,536			731			260			-			991			2,186			345,713
Commercial		66,763			4			-			-			4			192			66,959
Consumer		7,094			19			-			6			25			99			7,218
Total	$	803,444		$	1,688		$	2,410		$	6		$	4,104		$	13,531		$	821,079
Percent of total loans		97.9	%		0.2	%		0.3	%		-	%		0.5	%		1.6	%		100	%

	Accruing
(Dollars in thousands)	Current			30-59 days past due			60-89 days past due			90 days or more past due			Total past due			Nonaccrual			Total
December 31, 2015
Construction	$	78,082		$	21		$	-		$	-		$	21		$	7,529		$	85,632
Residential real estate		300,563			2,139			2,102			-			4,241			2,259			307,063
Commercial real estate		327,370			-			861			-			861			2,022			330,253
Commercial		64,670			49			31			-			80			161			64,911
Consumer		7,107			13			6			7			26			122			7,255
Total	$	777,792		$	2,222		$	3,000		$	7		$	5,229		$	12,093		$	795,114
Percent of total loans		97.8	%		0.3	%		0.4	%		-	%		0.7	%		1.5	%		100	%

Allowance for Credit Losses on Financing Receivables [Table Text Block]

Allocation of a portion of the allowance to one loan class does not preclude its availability to absorb losses in other loan classes.

(Dollars in thousands)	Construction		Residential real estate		Commercial real estate		Commercial		Consumer		Unallocated		Total
For the three months ended June 30, 2016
Allowance for credit losses:
Beginning balance	$	1,753	$	2,014	$	3,257	$	585	$	177	$	523	$	8,309

Charge-offs		(13)		(102)		(265)		(58)		(2)		-		(440)
Recoveries		10		33		10		57		4		-		114
Net charge-offs		(3)		(69)		(255)		(1)		2		-		(326)

Provision		(6)		90		(131)		93		27		302		375
Ending balance	$	1,744	$	2,035	$	2,871	$	677	$	206	$	825	$	8,358

(Dollars in thousands)	Construction		Residential real estate		Commercial real estate		Commercial		Consumer		Unallocated		Total
For the three months ended June 30, 2015
Allowance for credit losses:
Beginning balance	$	1,884	$	2,124	$	2,339	$	441	$	180	$	830	$	7,798

Charge-offs		(216)		(142)		(280)		(25)		(35)		-		(698)
Recoveries		104		121		2		35		15		-		277
Net charge-offs		(112)		(21)		(278)		10		(20)		-		(421)

Provision		80		215		555		54		8		(372)		540
Ending balance	$	1,852	$	2,318	$	2,616	$	505	$	168	$	458	$	7,917

(Dollars in thousands)	Construction		Residential real estate		Commercial real estate		Commercial		Consumer		Unallocated		Total
For the six months ended June 30, 2016
Allowance for credit losses:
Beginning balance	$	1,646	$	2,181	$	2,999	$	558	$	156	$	776	$	8,316

Charge-offs		(254)		(118)		(503)		(125)		(10)		-		(1,010)
Recoveries		16		67		10		122		12		-		227
Net charge-offs		(238)		(51)		(493)		(3)		2		-		(783)

Provision		336		(95)		365		122		48		49		825
Ending balance	$	1,744	$	2,035	$	2,871	$	677	$	206	$	825	$	8,358

(Dollars in thousands)	Construction		Residential real estate		Commercial real estate		Commercial		Consumer		Unallocated		Total
For the six months ended June 30, 2015
Allowance for credit losses:
Beginning balance	$	1,303	$	2,834	$	2,379	$	448	$	229	$	502	$	7,695

Charge-offs		(579)		(257)		(320)		(149)		(45)		-		(1,350)
Recoveries		107		145		15		82		33		-		382
Net charge-offs		(472)		(112)		(305)		(67)		(12)		-		(968)

Provision		1,021		(404)		542		124		(49)		(44)		1,190
Ending balance	$	1,852	$	2,318	$	2,616	$	505	$	168	$	458	$	7,917