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Loans and Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2013
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
At June 30, 2013 and December 31, 2012, loans are summarized as follows (in thousands):
 
 
 
June 30,
 
 
 
 
December 31,
 
 
 
 
 
2013
 
Percent
 
 
2012
 
Percent
 
Commercial real estate-mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner-occupied
 
$
60,725
 
 
22.00
%
 
$
58,425
 
 
21.09
%
All other
 
 
67,416
 
 
24.42
%
 
 
66,747
 
 
24.10
%
Consumer real estate-mortgage
 
 
67,345
 
 
24.39
%
 
 
71,195
 
 
25.70
%
Construction and land development
 
 
36,185
 
 
13.11
%
 
 
38,557
 
 
13.92
%
Commercial and industrial
 
 
42,374
 
 
15.35
%
 
 
40,140
 
 
14.49
%
Consumer and other
 
 
2,018
 
 
0.73
%
 
 
1,927
 
 
0.70
%
Total loans
 
 
276,063
 
 
100.00
%
 
 
276,991
 
 
100.00
%
Less: Allowance for loan losses
 
 
(5,095)
 
 
 
 
 
 
(6,141)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans, net
 
$
270,968
 
 
 
 
 
$
270,850
 
 
 
 
Schedule Of Impaired and Performing Loans Receivable [Table Text Block]
The composition of loans by loan classification for impaired and performing loan status at June 30, 2013 and December 31, 2012, is summarized in the tables below (amounts in thousands):
 
June 30, 2013
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
 
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Performing loans
 
$
117,910
 
$
63,782
 
$
35,762
 
$
39,620
 
$
2,018
 
$
259,092
 
Impaired loans
 
 
10,231
 
 
3,563
 
 
423
 
 
2,754
 
 
-
 
 
16,971
 
Total
 
$
128,141
 
$
67,345
 
$
36,185
 
$
42,374
 
$
2,018
 
$
276,063
 
 
December 31, 2012
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
 
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Performing loans
 
$
115,959
 
$
69,329
 
$
37,607
 
$
36,980
 
$
1,927
 
$
261,802
 
Impaired loans
 
 
9,213
 
 
1,866
 
 
950
 
 
3,160
 
 
-
 
 
15,189
 
Total
 
$
125,172
 
$
71,195
 
$
38,557
 
$
40,140
 
$
1,927
 
$
276,991
 
 
Schedule Of Allowance For Loan Losses For Impaired and Performing Loans Receivable [Table Text Block]
The following tables show the allowance for loan losses allocation by loan classification for impaired and performing loans as of June 30, 2013 and December 31, 2012 (amounts in thousands):
 
June 30, 2013
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
Allowance related to:
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Performing loans
 
$
500
 
$
966
 
$
325
 
$
61
 
$
13
 
$
1,865
 
Impaired loans
 
 
2,573
 
 
280
 
 
-
 
 
377
 
 
-
 
 
3,230
 
Total
 
$
3,073
 
$
1,246
 
$
325
 
$
438
 
$
13
 
$
5,095
 
 
December 31, 2012
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
Allowance related to:
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Performing loans
 
$
319
 
$
952
 
$
781
 
$
29
 
$
14
 
$
2,095
 
Impaired loans
 
 
2,230
 
 
576
 
 
460
 
 
780
 
 
-
 
 
4,046
 
Total
 
$
2,549
 
$
1,528
 
$
1,241
 
$
809
 
$
14
 
$
6,141
 
Schedule Of Financing Receivable Allowance For Credit Losses [Table Text Block]
The following tables detail the changes in the allowance for loan losses for the six month period ending June 30, 2013 and year ending December 31, 2012, by loan classification (amounts in thousands):
 
June 30, 2013
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
 
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Beginning balance
 
$
2,549
 
$
1,528
 
$
1,241
 
$
809
 
$
14
 
$
6,141
 
Charged-off loans
 
 
(281)
 
 
(640)
 
 
(1,180)
 
 
(341)
 
 
(19)
 
 
(2,461)
 
Recovery of charge-offs
 
 
54
 
 
218
 
 
775
 
 
66
 
 
2
 
 
1,115
 
Provision for (reallocation of) loan losses
 
 
751
 
 
(140)
 
 
(511)
 
 
(96)
 
 
16
 
 
300
 
Ending balance
 
$
3,073
 
$
1,246
 
$
325
 
$
438
 
$
13
 
$
5,095
 
 
December 31, 2012
 
Commercial
Real Estate-
Mortgage
 
Consumer
Real Estate-
Mortgage
 
Construction
and Land
Development
 
Commercial
and
Industrial
 
Consumer
and Other
 
Total
 
Beginning balance
 
$
3,557
 
$
2,518
 
$
827
 
$
482
 
$
16
 
$
7,400
 
Charged-off loans
 
 
(958)
 
 
(1,022)
 
 
(782)
 
 
(74)
 
 
(33)
 
 
(2,869)
 
Recovery of charge-offs
 
 
838
 
 
36
 
 
145
 
 
144
 
 
17
 
 
1,180
 
Provision for (reallocation of) loan losses
 
 
(888)
 
 
(4)
 
 
1,051
 
 
257
 
 
14
 
 
430
 
Ending balance
 
$
2,549
 
$
1,528
 
$
1,241
 
$
809
 
$
14
 
$
6,141
 
Financing Receivable Credit Quality Indicators [Table Text Block]
The following tables outline the amount of each loan classification and the amount categorized into each risk rating as of June 30, 2013 and December 31, 2012 (amounts in thousands):
 
June 30, 2013
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
 
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Pass
 
$
115,228
 
$
54,884
 
$
35,213
 
$
35,050
 
$
2,018
 
$
242,393
 
Special mention
 
 
2,185
 
 
6,171
 
 
98
 
 
4,392
 
 
-
 
 
12,846
 
Substandard
 
 
497
 
 
2,727
 
 
451
 
 
178
 
 
-
 
 
3,853
 
Substandard-impaired
 
 
8,957
 
 
3,563
 
 
423
 
 
2,754
 
 
-
 
 
15,697
 
Doubtful
 
 
1,274
 
 
-
 
 
-
 
 
-
 
 
-
 
 
1,274
 
 
 
$
128,141
 
$
67,345
 
$
36,185
 
$
42,374
 
$
2,018
 
$
276,063
 
 
December 31, 2012
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
And
 
Consumer
 
 
 
 
 
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Pass
 
$
111,313
 
$
57,959
 
$
36,802
 
$
36,482
 
$
1,904
 
$
244,460
 
Special mention
 
 
4,145
 
 
8,401
 
 
198
 
 
330
 
 
18
 
 
13,092
 
Substandard
 
 
501
 
 
2,969
 
 
607
 
 
168
 
 
5
 
 
4,250
 
Substandard-impaired
 
 
9,213
 
 
1,866
 
 
950
 
 
3,160
 
 
-
 
 
15,189
 
 
 
$
125,172
 
$
71,195
 
$
38,557
 
$
40,140
 
$
1,927
 
$
276,991
 
Impaired Financing Receivables [Table Text Block]
The following tables present summary information pertaining to impaired loans by loan classification as of June 30, 2013 and December 31, 2012 (in thousands):
 
 
 
 
 
 
 
 
 
 
 
 
For the quarter ended
 
 
 
At June 30, 2013
 
June 30, 2013
 
 
 
 
 
Unpaid
 
 
 
Average
 
Interest
 
 
 
Recorded
 
Principal
 
Related
 
Recorded
 
Income
 
 
 
Investment
 
Balance
 
Allowance
 
Investment
 
Recognized
 
Impaired loans without a valuation allowance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate – mortgage
 
$
5,324
 
$
5,390
 
$
-
 
$
4,719
 
$
148
 
Consumer real estate – mortgage
 
 
2,315
 
 
2,867
 
 
-
 
 
1,784
 
 
74
 
Construction and land development
 
 
423
 
 
436
 
 
-
 
 
379
 
 
8
 
Commercial and industrial
 
 
1,988
 
 
2,048
 
 
-
 
 
2,048
 
 
26
 
Total
 
$
10,050
 
$
10,741
 
$
-
 
$
8,930
 
$
256
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans with a valuation allowance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate – mortgage
 
$
4,907
 
$
4,965
 
$
2,573
 
$
5,271
 
$
115
 
Consumer real estate – mortgage
 
 
1,248
 
 
1,248
 
 
280
 
 
1,182
 
 
47
 
Construction and land development
 
 
-
 
 
-
 
 
-
 
 
395
 
 
-
 
Commercial and industrial
 
 
766
 
 
767
 
 
377
 
 
853
 
 
40
 
Total
 
$
6,921
 
$
6,980
 
$
3,230
 
$
7,701
 
$
202
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total impaired loans
 
$
16,971
 
$
17,721
 
$
3,230
 
$
16,631
 
$
458
 
 
 
 
 
 
 
 
 
 
 
 
 
For the year ended
 
 
 
At December 31, 2012
 
December 31, 2012
 
 
 
 
 
Unpaid
 
 
 
Average
 
Interest
 
 
 
Recorded
 
Principal
 
Related
 
Recorded
 
Income
 
 
 
Investment
 
Balance
 
Allowance
 
Investment
 
Recognized
 
Impaired loans without a valuation allowance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate – mortgage
 
$
3,406
 
$
3,453
 
$
-
 
$
4,389
 
$
180
 
Consumer real estate – mortgage
 
 
513
 
 
540
 
 
-
 
 
1,538
 
 
52
 
Construction and land development
 
 
244
 
 
251
 
 
-
 
 
358
 
 
19
 
Commercial and industrial
 
 
2,111
 
 
2,155
 
 
-
 
 
2,277
 
 
55
 
Total
 
$
6,274
 
$
6,399
 
$
-
 
$
8,562
 
$
306
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans with a valuation allowance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate – mortgage
 
$
5,807
 
$
5,848
 
$
2,230
 
$
6,616
 
$
215
 
Consumer real estate – mortgage
 
 
1,353
 
 
1,353
 
 
576
 
 
2,606
 
 
61
 
Construction and land development
 
 
706
 
 
706
 
 
460
 
 
642
 
 
49
 
Commercial and industrial
 
 
1,049
 
 
1,049
 
 
780
 
 
700
 
 
132
 
Total
 
$
8,915
 
$
8,956
 
$
4,046
 
$
10,564
 
$
457
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total impaired loans
 
$
15,189
 
$
15,355
 
$
4,046
 
$
19,126
 
$
763
 
Past Due Financing Receivables [Table Text Block]
The following tables present an aged analysis of past due loans as of June 30, 2013 and December 31, 2012 (in thousands):
 
June 30, 2013
 
30-89 Days
 
Past Due 90
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Past Due and
 
Days or More
 
 
 
 
Total
 
Current
 
Total
 
 
 
Accruing
 
and Accruing
 
Nonaccrual
 
Past Due
 
Loans
 
Loans
 
Commercial real estate-mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner-occupied
 
$
1,852
 
$
-
 
$
605
 
$
2,457
 
$
58,268
 
$
60,725
 
All other
 
 
1,501
 
 
-
 
 
2,419
 
 
3,920
 
 
63,496
 
 
67,416
 
Consumer real estate-mortgage
 
 
872
 
 
-
 
 
787
 
 
1,659
 
 
65,686
 
 
67,345
 
Construction and land development
 
 
113
 
 
-
 
 
45
 
 
158
 
 
36,027
 
 
36,185
 
Commercial and industrial
 
 
772
 
 
-
 
 
3,027
 
 
3,799
 
 
38,575
 
 
42,374
 
Consumer and other
 
 
1
 
 
-
 
 
-
 
 
1
 
 
2,017
 
 
2,018
 
Total
 
$
5,111
 
$
-
 
$
6,883
 
$
11,994
 
$
264,069
 
$
276,063
 
 
December 31, 2012
 
30-89 Days
 
Past Due 90
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Past Due and
 
Days or More
 
 
 
 
Total
 
Current
 
Total
 
 
 
Accruing
 
and Accruing
 
Nonaccrual
 
Past Due
 
Loans
 
Loans
 
Commercial real estate-mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner-occupied
 
$
2,738
 
$
-
 
$
956
 
$
3,694
 
$
54,731
 
$
58,425
 
All other
 
 
636
 
 
-
 
 
1,913
 
 
2,549
 
 
64,198
 
 
66,747
 
Consumer real estate-mortgage
 
 
1,858
 
 
-
 
 
616
 
 
2,474
 
 
68,721
 
 
71,195
 
Construction and land development
 
 
100
 
 
-
 
 
53
 
 
153
 
 
38,404
 
 
38,557
 
Commercial and industrial
 
 
1,227
 
 
-
 
 
2,467
 
 
3,694
 
 
36,446
 
 
40,140
 
Consumer and other
 
 
35
 
 
-
 
 
-
 
 
35
 
 
1,892
 
 
1,927
 
Total
 
$
6,594
 
$
-
 
$
6,005
 
$
12,599
 
$
264,392
 
$
276,991
 
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
The following table presents a summary of loans that were modified as troubled debt restructurings during the six month period ending June 30, 2013 (amounts in thousands):
 
June 30, 2013
 
 
 
Pre-Modification
 
Post-Modification
 
 
 
 
 
Outstanding
Recorded
 
Outstanding
Recorded
 
 
 
Number of Contracts
 
Investment
 
Investment
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate-mortgage
 
2
 
$
555
 
$
555
 
Consumer real estate-mortgage
 
1
 
 
66
 
 
66
 
Construction and land development
 
3
 
 
898
 
 
898
 
Commercial and industrial
 
3
 
 
2,389
 
 
2,389
 
 
June 30, 2012
 
 
 
Pre-Modification
 
Post-Modification
 
 
 
 
 
Outstanding
Recorded
 
Outstanding
Recorded
 
 
 
Number of Contracts
 
Investment
 
Investment
 
 
 
 
 
 
 
 
 
 
 
Consumer real estate-mortgage
 
1
 
$
65
 
$
65
 
Construction and land development
 
3
 
 
1,178
 
 
1,178
 
Commercial and industrial
 
3
 
 
2,389
 
 
2,389
 
 
There were no loans that were modified as troubled debt restructurings during the past twelve months and for which there was a subsequent payment default.