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Loans and Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2014
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
At June 30, 2014 and December 31, 2013, loans are summarized as follows (in thousands):
 
 
 
June 30,
 
December 31,
 
 
 
2014
 
2013
 
Commercial real estate-mortgage:
 
 
 
 
 
 
 
Owner-occupied
 
$
70,808
 
$
65,747
 
All other
 
 
71,407
 
 
64,052
 
Consumer real estate-mortgage
 
 
75,603
 
 
76,315
 
Construction and land development
 
 
32,734
 
 
41,597
 
Commercial and industrial
 
 
38,973
 
 
38,999
 
Consumer and other
 
 
2,844
 
 
2,730
 
Total loans
 
 
292,369
 
 
289,440
 
Less: Allowance for loan losses
 
 
(3,330)
 
 
(3,203)
 
 
 
 
 
 
 
 
 
Loans, net
 
$
289,039
 
$
286,237
 
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, 2014 and December 31, 2013, is summarized in the tables below (amounts in thousands):
 
June 30, 2014
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
 
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Performing loans
 
$
136,940
 
$
72,969
 
$
32,369
 
$
37,365
 
$
2,844
 
$
282,487
 
Impaired loans
 
 
5,275
 
 
2,634
 
 
365
 
 
1,608
 
 
-
 
 
9,822
 
Total
 
$
142,215
 
$
75,603
 
$
32,734
 
$
38,973
 
$
2,844
 
$
292,369
 
 
December 31, 2013
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Performing loans
 
$
121,817
 
$
72,868
 
$
41,228
 
$
37,007
 
$
2,730
 
$
275,650
 
Impaired loans
 
 
7,982
 
 
3,447
 
 
369
 
 
1,992
 
 
-
 
 
13,790
 
Total
 
$
129,799
 
$
76,315
 
$
41,597
 
$
38,999
 
$
2,730
 
$
289,440
 
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, 2014 and December 31, 2013 (amounts in thousands):
 
June 30, 2014
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
Allowance related to:
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Performing loans
 
$
1,341
 
$
1,069
 
$
262
 
$
301
 
$
77
 
$
3,050
 
Impaired loans
 
 
31
 
 
140
 
 
-
 
 
109
 
 
-
 
 
280
 
Total
 
$
1,372
 
$
1,209
 
$
262
 
$
410
 
$
77
 
$
3,330
 
 
December 31, 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
 
$
1,051
 
$
927
 
$
319
 
$
297
 
$
45
 
$
2,639
 
Impaired loans
 
 
498
 
 
11
 
 
-
 
 
55
 
 
-
 
 
564
 
Total
 
$
1,549
 
$
938
 
$
319
 
$
352
 
$
45
 
$
3,203
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
The following tables detail the changes in the allowance for loan losses for the six month period ending June 30, 2014 and year ending December 31, 2013, by loan classification (amounts in thousands):
 
June 30, 2014
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
 
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Beginning balance
 
$
1,549
 
$
938
 
$
319
 
$
352
 
$
45
 
$
3,203
 
Charged-off loans
 
 
(427)
 
 
(350)
 
 
(13)
 
 
(53)
 
 
(37)
 
 
(880)
 
Recovery of charge-offs
 
 
56
 
 
42
 
 
337
 
 
29
 
 
28
 
 
492
 
Provision for (reallocation of) loan losses
 
 
194
 
 
579
 
 
(381)
 
 
82
 
 
41
 
 
515
 
Ending balance
 
$
1,372
 
$
1,209
 
$
262
 
$
410
 
$
77
 
$
3,330
 
 
December 31, 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
 
 
(1,879)
 
 
(842)
 
 
(1,193)
 
 
(699)
 
 
(96)
 
 
(4,709)
 
Recovery of charge-offs
 
 
68
 
 
241
 
 
1,058
 
 
99
 
 
5
 
 
1,471
 
Provision for (reallocation of) loan losses
 
 
811
 
 
11
 
 
(787)
 
 
143
 
 
122
 
 
300
 
Ending balance
 
$
1,549
 
$
938
 
$
319
 
$
352
 
$
45
 
$
3,203
 
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, 2014 and December 31, 2013 (amounts in thousands):
 
June 30, 2014
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
 
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Pass
 
$
133,731
 
$
70,474
 
$
32,024
 
$
34,419
 
$
2,844
 
$
273,492
 
Special mention
 
 
4,391
 
 
1,553
 
 
267
 
 
2,745
 
 
-
 
 
8,956
 
Substandard
 
 
4,093
 
 
3,576
 
 
443
 
 
1,809
 
 
-
 
 
9,921
 
 
 
$
142,215
 
$
75,603
 
$
32,734
 
$
38,973
 
$
2,844
 
$
292,369
 
 
December 31, 2013
 
Commercial
 
Consumer
 
Construction
 
Commercial
 
 
 
 
 
 
 
 
 
Real Estate-
 
Real Estate-
 
and Land
 
and
 
Consumer
 
 
 
 
 
 
Mortgage
 
Mortgage
 
Development
 
Industrial
 
and Other
 
Total
 
Pass
 
$
119,398
 
$
67,444
 
$
40,850
 
$
33,394
 
$
2,730
 
$
263,816
 
Special mention
 
 
3,538
 
 
3,536
 
 
73
 
 
3,468
 
 
-
 
 
10,615
 
Substandard
 
 
6,863
 
 
5,335
 
 
674
 
 
2,137
 
 
-
 
 
15,009
 
 
 
$
129,799
 
$
76,315
 
$
41,597
 
$
38,999
 
$
2,730
 
$
289,440
 
Impaired Financing Receivables [Table Text Block]
The following tables present summary information pertaining to impaired loans by loan classification as of June 30, 2014 and December 31, 2013 (in thousands):
 
 
 
 
 
 
 
 
 
 
 
 
For the quarter ended
 
 
 
At June 30, 2014
 
June 30, 2014
 
 
 
 
 
 
Unpaid
 
 
 
 
Average
 
Interest
 
 
 
Recorded
 
Principal
 
Related
 
Recorded
 
Income
 
 
 
Investment
 
Balance
 
Allowance
 
Investment
 
Recognized
 
Impaired loans without a valuation allowance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate – mortgage
 
$
5,139
 
$
5,180
 
$
-
 
$
5,368
 
$
126
 
Consumer real estate – mortgage
 
 
1,957
 
 
1,972
 
 
-
 
 
2,052
 
 
62
 
Construction and land development
 
 
365
 
 
378
 
 
-
 
 
367
 
 
12
 
Commercial and industrial
 
 
1,249
 
 
1,292
 
 
-
 
 
1,390
 
 
23
 
Total
 
$
8,710
 
$
8,822
 
$
-
 
$
9,177
 
$
223
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans with a valuation allowance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate – mortgage
 
$
136
 
$
145
 
$
31
 
$
823
 
$
3
 
Consumer real estate – mortgage
 
 
677
 
 
688
 
 
140
 
 
994
 
 
19
 
Construction and land development
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial and industrial
 
 
359
 
 
359
 
 
109
 
 
390
 
 
22
 
Total
 
$
1,172
 
$
1,192
 
$
280
 
$
2,207
 
$
44
 
Total impaired loans
 
$
9,882
 
$
10,014
 
$
280
 
$
11,384
 
$
267
 
 
 
 
 
 
 
 
 
 
 
 
 
For the year ended
 
 
 
At December 31, 2013
 
December 31, 2013
 
 
 
 
 
 
Unpaid
 
 
 
 
Average
 
Interest
 
 
 
Recorded
 
Principal
 
Related
 
Recorded
 
Income
 
 
 
Investment
 
Balance
 
Allowance
 
Investment
 
Recognized
 
Impaired loans without a valuation allowance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate – mortgage
 
$
5,786
 
$
5,854
 
$
-
 
$
4,657
 
$
340
 
Consumer real estate – mortgage
 
 
2,177
 
 
2,202
 
 
-
 
 
2,669
 
 
96
 
Construction and land development
 
 
369
 
 
383
 
 
-
 
 
358
 
 
23
 
Commercial and industrial
 
 
1,563
 
 
1,621
 
 
-
 
 
1,857
 
 
60
 
Total
 
$
9,895
 
$
10,060
 
$
-
 
$
9,541
 
$
519
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans with a valuation allowance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate – mortgage
 
$
2,196
 
$
2,285
 
$
498
 
$
4,869
 
$
118
 
Consumer real estate – mortgage
 
 
1,270
 
 
1,281
 
 
11
 
 
1,353
 
 
90
 
Construction and land development
 
 
-
 
 
-
 
 
-
 
 
177
 
 
-
 
Commercial and industrial
 
 
429
 
 
430
 
 
55
 
 
597
 
 
53
 
Total
 
$
3,895
 
$
3,996
 
$
564
 
$
6,996
 
$
261
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total impaired loans
 
$
13,790
 
$
14,056
 
$
564
 
$
16,537
 
$
780
 
Past Due Financing Receivables [Table Text Block]
The following tables present an aged analysis of past due loans as of June 30, 2014 and December 31, 2013 (amounts in thousands):
 
June 30, 2014
 
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
 
$
342
 
$
-
 
$
319
 
$
661
 
$
70,147
 
$
70,808
 
All other
 
 
-
 
 
-
 
 
179
 
 
179
 
 
71,228
 
 
71,407
 
Consumer real estate-mortgage
 
 
954
 
 
-
 
 
926
 
 
1,880
 
 
73,723
 
 
75,603
 
Construction and land development
 
 
-
 
 
-
 
 
44
 
 
44
 
 
32,690
 
 
32,734
 
Commercial and industrial
 
 
337
 
 
-
 
 
1,384
 
 
1,721
 
 
37,252
 
 
38,973
 
Consumer and other
 
 
8
 
 
-
 
 
-
 
 
8
 
 
2,836
 
 
2,844
 
Total
 
$
1,641
 
$
-
 
$
2,852
 
$
4,493
 
$
287,876
 
$
292,369
 
 
December 31, 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
 
$
678
 
$
-
 
$
838
 
$
1,516
 
$
64,231
 
$
65,747
 
All other
 
 
867
 
 
-
 
 
44
 
 
911
 
 
63,141
 
 
64,052
 
Consumer real estate-mortgage
 
 
419
 
 
-
 
 
1,006
 
 
1,425
 
 
74,890
 
 
76,315
 
Construction and land development
 
 
50
 
 
-
 
 
47
 
 
97
 
 
41,500
 
 
41,597
 
Commercial and industrial
 
 
201
 
 
-
 
 
1,631
 
 
1,832
 
 
37,167
 
 
38,999
 
Consumer and other
 
 
35
 
 
-
 
 
-
 
 
35
 
 
2,695
 
 
2,730
 
Total
 
$
2,250
 
$
-
 
$
3,566
 
$
5,816
 
$
283,624
 
$
289,440
 
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): 
 
 
 
 
 
Pre-Modification
 
Post-Modification
 
 
 
 
 
Outstanding
Recorded
 
Outstanding
Recorded
 
June 30, 2013
 
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
 
 
2389