Allowances for Loan Losses

6 Months Ended

Jun. 30, 2011

Notes to Financial Statements [Abstract]

Allowance for Loan Losses

(7) Allowance for Loan Losses

Changes in the allowance for loan losses for the period ended June 30, 2011 and the year ended December 31, 2010 are summarized as follows:

	June 30, 2011
	1-4 family
	first-lien			Residential									Other
	residential			mortgage			Commercial			Commercial			commercial
	mortgage			construction			real estate			lines of credit			and industrial
Allowance for credit losses:
Beginning Balance	$	750		$	-		$	1,204		$	579		$	501
Charge-offs		(59	)		-			(71	)		(15	)		-
Recoveries		33			-			-			-			-
Provisions		(37	)		-			492			(273	)		330
Ending balance	$	687		$	-		$	1,625		$	291		$	831
Ending balance: related to loans
individually evaluated for impairment	$	222		$	-		$	301		$	50		$	432
Ending balance: related to loans
collectively evaluated for impairment	$	465		$	-		$	1,324		$	241		$	399
Loans receivables:
Ending balance	$	149,603		$	2,729		$	70,038		$	13,440		$	20,692
Ending balance: individually
evaluated for impairment	$	1,305		$	-		$	2,295		$	50		$	805
Ending balance: collectively
evaluated for impairment	$	148,298		$	2,729		$	67,743		$	13,390		$	19,887
				Home equity			Other
	Municipal			and junior liens			Consumer			Unallocated			Total
Allowance for credit losses:
Beginning Balance	$	3		$	424		$	89		$	98		$	3,648
Charge-offs		-			(24	)		(51	)		-			(220	)
Recoveries		-			5			15			-			53
Provisions		(1	)		55			63			(104	)		525
Ending balance	$	2		$	460		$	116		$	(6	)	$	4,006
Ending balance: related to loans
individually evaluated for impairment	$	-		$	115		$	-		$	-		$	1,120
Ending balance: related to loans
collectively evaluated for impairment	$	2		$	345		$	116		$	(6	)	$	2,886
Loans receivables:
Ending balance	$	3,888		$	24,986		$	3,461					$	288,837
Ending balance: individually
evaluated for impairment	$	-		$	688		$	-					$	5,143
Ending balance: collectively
evaluated for impairment	$	3,888		$	24,298		$	3,461					$	283,694

	December 31, 2010
	1-4 family
	first-lien			Residential									Other
	residential			mortgage			Commercial			Commercial			commercial
	mortgage			construction			real estate			lines of credit			and industrial
Allowance for credit losses:
Beginning Balance	$	763		$	-		$	1,009		$	376		$	486
Charge-offs		(48	)		-			(162	)		(196	)		(27	)
Recoveries		19			-			55						-
Provisions		16			-			302			399			42
Ending balance	$	750		$	-		$	1,204		$	579		$	501
Ending balance: related to loans
individually evaluated for impairment	$	255		$	-		$	352		$	300		$	78
Ending balance: related to loans
collectively evaluated for impairment	$	495		$	-		$	852		$	279		$	423
Loans receivables:
Ending balance	$	143,661		$	3,569		$	69,042		$	14,122		$	20,779
Ending balance: individually
evaluated for impairment	$	1,400		$	-		$	4,152		$	300		$	442
Ending balance: collectively
evaluated for impairment	$	142,261		$	3,569		$	64,890		$	13,822		$	20,337
				Home equity			Other
	Municipal			and junior liens			Consumer			Unallocated			Total
Allowance for credit losses:
Beginning Balance	$	2		$	390		$	76		$	(24	)	$	3,078
Charge-offs		-			(76	)		(81	)		-			(590	)
Recoveries		-			5			31			-			110
Provisions		1			105			63			122			1,050
Ending balance	$	3		$	424		$	89		$	98		$	3,648
Ending balance: related to loans
individually evaluated for impairment	$	-		$	110		$	-		$	-		$	1,095
Ending balance: related to loans
collectively evaluated for impairment	$	3		$	314		$	89		$	98		$	2,553
Loans receivables:
Ending balance	$	4,826		$	25,168		$	3,411					$	284,578
Ending balance: individually
evaluated for impairment	$	-		$	663		$	-					$	6,957
Ending balance: collectively
evaluated for impairment	$	4,826		$	24,505		$	3,411					$	277,621

The portion of the allowance that was unallocated as of December 31, 2010, has been utilized to increase specific reserves within the commercial real estate portfolio.  Due to the inexact nature of the estimate, and the relative insignificance of the differences, management did not make adjustments for the amounts as of June 30, 2011.