Troubled Debt Restructurings

3 Months Ended

Mar. 31, 2016

Troubled Debt Restructurings [Abstract]

Troubled Debt Restructurings

NOTE 4 – Troubled Debt Restructurings

At March 31, 2016, the Company had 27 loans totaling $6.8 million compared to 29 loans totaling $8.0 million at December 31, 2015, which were 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 the workout plan for individual loan relationships, the Company may restructure loan terms to assist borrowers facing financial challenges in the current economic environment. To date, the Company has 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 the Company’s TDRs before and after their modification during the three months ended March 31, 2016 and 2015, respectively.

	For the three months ended March 31, 2016
							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		-	-	-	-	-		-		-
Construction		-	-	-	-	-		-		-
Business		-	-	-	-	-		-		-
Consumer
Real estate		-	-	-	-	-		-		-
Home equity		-	-	-	-	-		-		-
Construction		-	-	-	-	-		-		-
Other		-	-	-	-	-		-		-
Total loans		-	-	-	-	-	$	-	$	-
	For the three months ended March 31, 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		58		58
Construction		-	-	-	-	-		-		-
Business		-	-	-	-	-		-		-
Consumer
Real estate		-	-	-	-	-		-		-
Home equity		-	-	-	-	-		-		-
Construction		-	-	-	-	-		-		-
Other		-	-	-	-	-		-		-
Total loans		-	-	-	1	1	$	58	$	58

As of March 31, 2016 and 2015, there were no loans modified as TDRs for which there was a payment default (60 days past due) within 12 months of the restructuring date.