Troubled Debt Restructurings

6 Months Ended

Jun. 30, 2013

Troubled Debt Restructurings [Abstract]

NOTE 5 - Troubled Debt Restructurings

At June 30, 2013, we had 37 loans totaling $12.4 million and at December 31, 2012 we had 36 loans totaling $14.2 million, which we considered as TDRs. The Company considers a loan to be a TDR when the debtor experiences financial difficulties and the Company provides concessions such that we will not collect all principal and interest in accordance with the original terms of the loan agreement. Concessions can relate to the contractual interest rate, maturity date, or payment structure of the note. As part of our workout plan for individual loan relationships, we may restructure loan terms to assist borrowers facing financial challenges.

The following table summarizes the concession at the time of modification and the recorded investment in our TDRs before and after their modification during the six months ended June 30, 2013 and 2012, respectively.

	For the six months ended June 30, 2013
											Pre-modification		Post-modification
	Renewals		Reduced		Converted		Maturity		Total		outstanding		outstanding
	deemed a		or deferred		to interest		date		number		recorded		recorded
(dollars in thousands)	concession		payments		only		extensions		of loans		investment		investment
Commercial
Owner occupied RE		-		-		-		-		-	$	-	$	-
Non-owner occupied RE		-		-		-		-		-		-		-
Construction		-		-		-		-		-		-		-
Business		2		-		-		-		2		291		291
Consumer
Real estate		-		-		-		-		-		-		-
Home equity		-		-		-		-		-		-		-
Construction		-		-		-		-		-		-		-
Other		-		-		-		-		-		-		-
Total loans		2		-		-		-		2		291	$	291

	For the six months ended June 30, 2012
											Pre-modification		Post-modification
	Renewals		Reduced		Converted		Maturity		Total		outstanding		outstanding
	deemed a		or deferred		to interest		date		number		recorded		recorded
	concession		payments		only		extensions		of loans		investment		investment
Commercial
Owner occupied RE		-		-		-		-		-	$	-	$	-
Non-owner occupied RE		1		1		-		-		2		3,918		3,918
Construction		-		-		-		-		-		-		-
Business		1		-		1		-		2		339		339
Consumer
Real estate		-		-		-		-		-		-		-
Home equity		-		1		-		-		1		166		166
Construction		-		-		-		-		-		-		-
Other		-		-		-		-		-		-		-
Total loans		2		2		1		-		5	$	4,423	$	4,423

The following table summarizes loans modified as TDRs within the previous 12 month period for which there was a payment default during the six months ended June 30, 2013 and 2012, respectively.

	For the six months ended June 30,
	2013				2012
	Number of		Recorded		Number of		Recorded
(dollars in thousands)	Loans		Investment		Loans		Investment
Commercial
Owner occupied RE		-	$	-		3	$	2,713
Non-owner occupied RE		-		-		-		-
Construction		-		-		-		-
Business		-		-		1		40
Consumer
Real estate		-		-		-		-
Home equity		-		-		-		-
Construction		-		-		-		-
Other		-		-		-		-
Total loans		-	$	-		4	$	2,753