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Loans and Allowance for Loan Losses (Tables)
 9 Months Ended
Sep. 30, 2013
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
At September 30, 2013 and December 31, 2012, loans are summarized as follows (in thousands):
 
 
 
September 30,
 
 
 
December 31,
 
 
 
 
 
2013
 
Percent
 
2012
 
Percent
 
Commercial real estate-mortgage:
 
 
 
 
 
 
 
 
 
 
 
Owner-occupied
 
$
66,143
 
23.28
%
$
58,425
 
21.09
%
All other
 
 
66,721
 
23.48
%
 
66,747
 
24.10
%
Consumer real estate-mortgage
 
 
69,911
 
24.60
%
 
71,195
 
25.70
%
Construction and land development
 
 
38,970
 
13.71
%
 
38,557
 
13.92
%
Commercial and industrial
 
 
39,782
 
14.00
%
 
40,140
 
14.49
%
Consumer and other
 
 
2,654
 
0.93
%
 
1,927
 
0.70
%
Total loans
 
 
284,181
 
100.00
%
 
276,991
 
100.00
%
Less: Allowance for loan losses
 
 
(3,159)
 
 
 
 
(6,141)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans, net
 
$
281,022
 
 
 
$
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 September 30, 2013 and December 31, 2012, is summarized in the tables below (amounts in thousands):
 
 
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
September 30, 2013
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Performing loans
 
$
125,418
 
$
66,950
 
$
38,712
 
$
38,027
 
$
2,654
 
$
271,761
 
Impaired loans
 
 
7,446
 
 
2,961
 
 
258
 
 
1,755
 
 
-
 
 
12,420
 
Total
 
$
132,864
 
$
69,911
 
$
38,970
 
$
39,782
 
$
2,654
 
$
284,181
 
 
 
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
December 31, 2012
 
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 September 30, 2013 and December 31, 2012 (amounts in thousands):
 
 
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
September 30, 2013
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Allowance related to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Performing loans
 
$
784
 
$
922
 
$
339
 
$
196
 
$
20
 
$
2,261
 
Impaired loans
 
 
682
 
 
134
 
 
-
 
 
82
 
 
-
 
 
898
 
Total
 
$
1,466
 
$
1,056
 
$
339
 
$
278
 
$
20
 
$
3,159
 
 
 
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
December 31, 2012
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Allowance related to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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  nine month period ending September 30, 2013 and year ending December 31, 2012, by loan classification (amounts in thousands):
 
 
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
September 30, 2013
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Beginning balance
 
$
2,549
 
$
1,528
 
$
1,241
 
$
809
 
$
14
 
$
6,141
 
Charged-off loans
 
 
(1,874)
 
 
(688)
 
 
(1,185)
 
 
(694)
 
 
(19)
 
 
(4,460)
 
Recovery of charge-offs
 
 
61
 
 
224
 
 
810
 
 
80
 
 
3
 
 
1,178
 
Provision for
    (reallocation of) loan losses
 
 
730
 
 
(8)
 
 
(527)
 
 
83
 
 
22
 
 
300
 
Ending balance
 
$
1,466
 
$
1,056
 
$
339
 
$
278
 
$
20
 
$
3,159
 
 
 
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
December 31, 2012
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
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 September 30, 2013 and December 31, 2012 (amounts in thousands):
 
 
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
September 30, 2013
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Pass
 
$
120,812
 
$
58,536
 
$
38,027
 
$
33,456
 
$
2,654
 
$
253,485
 
Special mention
 
 
4,209
 
 
5,377
 
 
95
 
 
4,105
 
 
-
 
 
13,786
 
Substandard
 
 
397
 
 
3,037
 
 
590
 
 
466
 
 
-
 
 
4,490
 
Substandard-impaired
 
 
7,164
 
 
2,961
 
 
258
 
 
1,755
 
 
-
 
 
12,138
 
Doubtful-impaired
 
 
282
 
 
-
 
 
-
 
 
-
 
 
-
 
 
282
 
 
 
$
132,864
 
$
69,911
 
$
38,970
 
$
39,782
 
$
2,654
 
$
284,181
 
 
 
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
December 31, 2012
 
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 September 30, 2013 and December 31, 2012 (in thousands):
 
 
 
 
 
 
 
 
 
 
 
 
For the quarter ended
 
 
 
At September 30, 2013
 
September 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
 
$
4,578
 
$
4,797
 
$
-
 
$
4,683
 
$
183
 
Consumer real estate – mortgage
 
 
2,066
 
 
2,066
 
 
-
 
 
1,854
 
 
73
 
Construction and land development
 
 
258
 
 
271
 
 
-
 
 
349
 
 
11
 
Commercial and industrial
 
 
1,353
 
 
1,396
 
 
-
 
 
1,875
 
 
31
 
Total
 
$
7,825
 
$
8,530
 
$
-
 
$
8,761
 
$
298
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans with a valuation allowance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate – mortgage
 
$
2,868
 
$
2,943
 
$
682
 
$
4,670
 
$
126
 
Consumer real estate – mortgage
 
 
895
 
 
895
 
 
134
 
 
1,110
 
 
49
 
Construction and land development
 
 
-
 
 
-
 
 
-
 
 
296
 
 
-
 
Commercial and industrial
 
 
402
 
 
402
 
 
82
 
 
740
 
 
38
 
Total
 
$
4,165
 
$
4,240
 
$
898
 
$
6,816
 
$
213
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total impaired loans
 
$
12,420
 
$
12,770
 
$
898
 
$
15,577
 
$
511
 
   
 
 
 
 
 
 
 
 
 
 
 
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 September 30, 2013 and December 31, 2012 (in thousands):
 
 
 
30-89 Days
 
Past Due 90
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Past Due and
 
Days or More
 
 
 
 
Total
 
Current
 
Total
 
September 30, 2013
 
Accruing
 
and Accruing
 
Nonaccrual
 
Past Due
 
Loans
 
Loans
 
Commercial real estate-mortgage:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner-occupied
 
$
431
 
$
-
 
$
494
 
$
925
 
$
65,218
 
$
66,143
 
All other
 
 
-
 
 
-
 
 
924
 
 
924
 
 
65,797
 
 
66,721
 
Consumer real estate-mortgage
 
 
712
 
 
-
 
 
964
 
 
1,676
 
 
68,235
 
 
69,911
 
Construction and land development
 
 
48
 
 
-
 
 
22
 
 
70
 
 
38,900
 
 
38,970
 
Commercial and industrial
 
 
552
 
 
-
 
 
1,692
 
 
2,244
 
 
37,538
 
 
39,782
 
Consumer and other
 
 
2
 
 
-
 
 
-
 
 
2
 
 
2,652
 
 
2,654
 
Total
 
$
1,745
 
$
-
 
$
4,096
 
$
5,841
 
$
278,340
 
$
284,181
 
 
 
 
30-89 Days
 
Past Due 90
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Past Due and
 
Days or More
 
 
 
 
Total
 
Current
 
Total
 
December 31, 2012
 
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 tables present a summary of loans that were modified as troubled debt restructurings during the nine month periods ending September 30, 2013 and 2012 (amounts in thousands):
 
 
 
 
 
Pre-Modification
 
Post-Modification
 
 
 
 
 
Outstanding
 
Outstanding
 
 
 
 
 
Recorded
 
Recorded
 
September 30, 2013
 
Number of Contracts
 
Investment
 
Investment
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate-mortgage
 
2
 
$
2,073
 
$
2,073
 
Consumer real estate-mortgage
 
1
 
 
66
 
 
66
 
Construction and land development
 
3
 
 
898
 
 
898
 
Commercial and industrial
 
3
 
 
2,389
 
 
2,389
 
 
 
 
 
 
Pre-Modification
 
Post-Modification
 
 
 
 
 
Outstanding
 
Outstanding
 
 
 
 
 
Recorded
 
Recorded
 
September 30, 2012
 
Number of Contracts
 
Investment
 
Investment
 
Commercial real estate-mortgage
 
2
 
$
4,233
 
$
4,233
 
Consumer real estate-mortgage
 
1
 
 
65
 
 
65
 
Construction and land development
 
3
 
 
1,178
 
 
1,178
 
Commercial and industrial
 
4
 
 
2,408
 
 
2,408