Loans, net and allowance for loan losses (Tables)

12 Months Ended

Dec. 31, 2013

Receivables [Abstract]

Major Classifications of Loans Outstanding

The major classifications of loans outstanding, net of deferred loan origination fees and costs at December 31, 2013 and 2012 are summarized as follows. Net deferred loan costs were $24 December 31, 2013.

December 31	2013		2012
Commercial	$	350,680	$	91,724
Real estate:
Commercial		413,058		217,496
Residential		322,062		261,912
Consumer		90,817		52,398
Total	$	1,176,617	$	623,530

Changes in Allowance for Loan Losses Account by Major Classification of Loan

The changes in the allowance for loan losses account by major classification of loan for the year ended December 31, 2013, 2012 and 2011 were as follows:

				Real estate
December 31, 2013	Commercial			Commercial			Residential			Consumer			Unallocated	Total
Allowance for loan losses:
Beginning balance	$	799		$	2,304		$	2,981		$	866			$	6,950
Charge-offs		(5	)		(15	)		(508	)		(313	)			(841	)
Recoveries		1			20			111			49				181
Provisions		1,213			85			551			512				2,361
Ending balance	$	2,008		$	2,394		$	3,135		$	1,114			$	8,651
Ending balance: individually evaluated for impairment		1,500			300			224							2,024
Ending balance: collectively evaluated for impairment		508			2,094			2,911			1,114				6,627
Ending balance: loans acquired with deteriorated credit quality	$			$			$			$				$
Loans receivable:
Ending balance	$	350,680		$	413,058		$	322,062		$	90,817			$	1,176,617
Ending balance: individually evaluated for impairment		5,209			5,317			3,658			90				14,274
Ending balance: collectively evaluated for impairment		342,719			403,560			317,946		$	90,727				1,154,952
Ending balance: loans acquired with deteriorated credit quality	$	2,752		$	4,181		$	458						$	7,391

				Real estate
December 31, 2012	Commercial			Commercial			Residential			Consumer			Unallocated	Total
Allowance for loan losses:
Beginning balance	$	793		$	2,294		$	2,855		$	769			$	6,711
Charge-offs		(78	)		(33	)		(431	)		(275	)			(817	)
Recoveries		1			6			67			58				132
Provisions		83			37			490			314				924
Ending balance	$	799		$	2,304		$	2,981		$	866			$	6,950
Ending balance: individually evaluated for impairment		351			550			325							1,226
Ending balance: collectively evaluated for impairment	$	448		$	1,754		$	2,656		$	866			$	5,724
Loans receivable:
Ending balance	$	91,724		$	217,496		$	261,912		$	52,398			$	623,530
Ending balance: individually evaluated for impairment		655			2,160			2,425			31				5,271
Ending balance: collectively evaluated for impairment	$	91,069		$	215,336		$	259,487		$	52,367			$	618,259

				Real estate
December 31, 2011	Commercial			Commercial			Residential			Consumer			Unallocated	Total
Allowance for loan losses:
Beginning balance	$	1,957		$	2,067		$	753		$	1,723			$	6,500
Charge-offs		(100	)		(663	)		(1,275	)		(262	)			(2,300	)
Recoveries		3			18			58			51				130
Provisions		(1,067	)		872			3,319			(743	)			2,381
Ending balance	$	793		$	2,294		$	2,855		$	769			$	6,711
Ending balance: individually evaluated for impairment		443						215							658
Ending balance: collectively evaluated for impairment	$	350		$	2,294		$	2,640		$	769			$	6,053
Loans receivable:
Ending balance	$	88,188		$	208,875		$	281,643		$	52,816			$	631,522
Ending balance: individually evaluated for impairment		845			591			2,006			92				3,534
Ending balance: collectively evaluated for impairment	$	87,343		$	208,284		$	279,637		$	52,724			$	627,988

Major Classification of Loans Portfolio Summarized by Credit Quality

The following tables present the major classification of loans summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system at December 31, 2013 and 2012:

December 31, 2013:	Pass		Special Mention		Substandard		Doubtful	Total
Commercial	$	332,257	$	7,025	$	11,398		$	350,680
Real estate:
Commercial		386,825		10,701		15,532			413,058
Residential		314,544		861		6,657			322,062
Consumer		90,718		9		90			90,817
Total	$	1,124,344	$	18,596	$	33,677		$	1,176,617

December 31, 2012:	Pass		Special Mention		Substandard		Doubtful	Total
Commercial	$	90,128	$	876	$	720		$	91,724
Real estate:
Commercial		204,513		6,440		6,543			217,496
Residential		259,869				2,043			261,912
Consumer		52,153				245			52,398
Total	$	606,663	$	7,316	$	9,551		$	623,530

Information Concerning Nonaccrual Loans by Major Loan Classification

Information concerning nonaccrual loans by major loan classification at December 31, 2013 and 2012 is summarized as follows:

December 31,	2013		2012
Commercial	$	4,038	$	304
Real estate:
Commercial		4,503		145
Residential		3,535		1,800
Consumer		90		31
Total	$	12,166	$	2,280

Major Classification of Loans by Past Due Status

The major classification of loans by past due status are summarized as follows:

December 31, 2013	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Total Loans		Loans > 90 Days and Accruing
Commercial	$	1,052	$	105	$	4,044	$	5,201	$	345,479	$	350,680	$	6
Real estate:
Commercial		1,641		75		4,703		6,419		406,639		413,058		200
Residential		3,676		985		4,213		8,874		313,188		322,062		678
Consumer		798		313		661		1,772		89,045		90,817		571
Total	$	7,167	$	1,478	$	13,621	$	22,266	$	1,154,351	$	1,176,617	$	1,455

December 31, 2012	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Total Loans		Loans > 90 Days and Accruing
Commercial	$	23	$	49	$	304	$	376	$	91,348	$	91,724
Real estate:
Commercial		1,448		200		145		1,793		215,703		217,496
Residential		2,680		1,198		2,043		5,921		255,991		261,912	$	243
Consumer		498		270		245		1,013		51,385		52,398		214
Total	$	4,649	$	1,717	$	2,737	$	9,103	$	614,427	$	623,530	$	457

Summarize Information in Concerning to Impaired Loans

The following tables summarize information concerning impaired loans at December 31, 2013, 2012 and 2011 by major loan classification:

							For the Year Ended
December 31, 2013	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance:
Commercial	$	3,009	$	7,506			$	3,855
Real estate:
Commercial		3,923		6,777				3,522
Residential		2,874		3,308				2,484
Consumer		90		90				95
Total		9,896		17,681				9,956
With an allowance recorded:
Commercial		2,200		2,200	$	1,500		2,182	$	95
Real estate:
Commercial		1,394		1,394		300		1,409		76
Residential		784		784		224		672		13
Consumer
Total		4,378		4,378		2,024		4,263		184
Commercial		5,209		9,706		1,500		6,037		95
Real estate:
Commercial		5,317		8,171		300		4,931		76
Residential		3,658		4,092		224		3,156		13
Consumer		90		90				95
Total	$	14,274	$	22,059	$	2,024	$	14,219	$	184

							For the Year Ended
December 31, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance:
Commercial	$	304	$	304			$	152
Real estate:
Commercial		145		145				201
Residential		928		928				1,152
Consumer		31		31				68
Total		1,408		1,408				1,573
With an allowance recorded:
Commercial		351		351	$	351		351	$	17
Real estate:
Commercial		2,015		2,015		550		2,104		114
Residential		1,497		1,497		325		1,040		44
Consumer
Total		3,863		3,863		1,226		3,495		175
Commercial		655		655		351		503		17
Real estate:
Commercial		2,160		2,160		550		2,305		114
Residential		2,425		2,425		325		2,192		44
Consumer		31		31				68
Total	$	5,271	$	5,271	$	1,226	$	5,068	$	175

							For the Year Ended
December 31, 2011	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance:
Commercial
Real estate:
Commercial	$	591	$	591			$	390
Residential		806		806				1,081
Consumer		92		92				107
Total		1,489		1,489				1,578
With an allowance recorded:
Commercial		845		845	$	443		1,000	$	28
Real estate:
Commercial
Residential		1,200		1,200		215		1,057
Consumer
Total		2,045		2,045		658		2,057		28
Commercial		845		845		443		1,000		28
Real estate:
Commercial		591		591				390
Residential		2,006		2,006		215		2,138
Consumer		92		92				107
Total	$	3,534	$	3,534	$	658	$	3,635	$	28

Summary of Changes in Accretible Yield and Nonaccretible Difference of Acquired Loans

The changes in the accretible yield and nonaccretible difference of acquired loans accounted for under ASC310 for the years ended December 31, 2013, 2012 and 2011, were as follows:

	2013					2012				2011
Year ended December 31	Accretible			Nonaccretible		Accretible	Nonaccretible			Accretible	Nonaccretible
Beginning Balance, January 1	$			$		$	$	211		$	$	229
Additions		934			6,892
Amortization		(39	)
Charge-offs
Payments								(211	)			(18	)
Ending Balance	$	895		$	6,892	$	$			$	$	211