Troubled Debt Restructurings

6 Months Ended

Jun. 30, 2015

Troubled Debt Restructurings [Abstract]

Troubled Debt Restructurings

NOTE 5 – Troubled Debt Restructurings

At June 30, 2015, we had 37 loans totaling $9.3 million and at December 31, 2014 we had 37 loans totaling $9.7 million, which we considered as TDRs. The Company considers a loan to be a TDR when the debtor experiences financial difficulties and the Company grants a concession to the debtor that it would not normally consider. 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 in the current economic environment. To date, we have restored three commercial loans previously classified as TDRs to accrual status.

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, 2015 and 2014, respectively.

	For the six months ended June 30, 2015
						Pre-		Post-
						modification		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	1	-	-	1	2		112		112
Construction	-	-	-	-	-		-		-
Business	-	-	-	1	1		21		21
Consumer
Real estate	-	-	-	-	-		-		-
Home equity	-	-	-	-	-		-		-
Construction	-	-	-	-	-		-		-
Other	-	-	-	-	-		-		-
Total loans	1	-	-	2	3	$	133	$	133

	For the six months ended June 30, 2014
						Pre-		Post-
						modification		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	-	-	-	1	1		49		49
Construction	-	-	-	-	-		-		-
Business	1	-	-	2	3		371		372
Consumer
Real estate	-	-	1	-	1		116		116
Home equity	-	-	-	-	-		-		-
Construction	-	-	-	-	-		-		-
Other	2	-	-	-	2		126		126
Total loans	3	-	1	3	7	$	662	$	663

The following table summarizes loans modified as TDRs at June 30, 2015 and 2014 for which there was a payment default (60 days past due) within 12 months of the restructuring date.

	For the six months ended June 30,
	2015			2014
	Number of	Recorded		Number of	Recorded
(dollars in thousands)	Loans	Investment		Loans	Investment
Commercial
Owner occupied RE	-	$	-	-	$	-
Non-owner occupied RE	-		-	2		3,357
Construction	-		-	-		-
Business	-		-	1		98
Consumer
Real estate	-		-	-		-
Home equity	-		-	-		-
Construction	-		-	-		-
Other	-		-	-		-
Total loans	-	$	-	3	$	3,455