Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2013

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Loans consisted of the following as of:

	September 30,		December 31,
(Dollars in thousands)	2013		2012
One-to-four family residential real estate	$	95,759	$	88,454
Construction and land		22,633		23,435
Commercial real estate		98,616		88,790
Commercial loans		54,951		64,570
Agriculture loans		33,166		31,935
Municipal loans		6,196		9,857
Consumer loans		13,307		13,417
Total gross loans		324,628		320,458
Net deferred loan costs and loans in process		21		37
Allowance for loan losses		(5,126)		(4,581)
Loans, net	$	319,523	$	315,914

Allowance for Credit Losses on Financing Receivables [Table Text Block]

The following tables provide information on the Company’s allowance for loan losses by loan class and allowance methodology: 

	Three and nine months ended September 30, 2013
(Dollars in thousands)	One-to-four
	family
	residential		Construction		Commercial		Commercial		Agriculture		Municipal		Consumer
	real estate		and land		real estate		loans		loans		loans		loans		Total
Allowance for loan losses:
Balance at June 30, 2013	$	577	$	1,256	$	1,879	$	583	$	354	$	97	$	159	$	4,905
Charge-offs		(48)		-		-		-		-		-		(48)		(96)
Recoveries		8		99		-		2		-		-		8		117
Net recoveries		(40)		99		-		2		-		-		(40)		21
Provision for loan losses		55		50		79		(88)		108		(3)		(1)		200
Balance at September 30, 2013		592		1,405		1,958		497		462		94		118		5,126
Balance at December 31, 2012	$	714	$	1,214	$	1,313	$	707	$	367	$	107	$	159	$	4,581
Charge-offs		(91)		(53)		-		(200)		-		-		(150)		(494)
Recoveries		16		181		-		19		-		-		23		239
Net charge-offs		(75)		128		-		(181)		-		-		(127)		(255)
Provision for loan losses		(47)		63		645		(29)		95		(13)		86		800
Balance at September 30, 2013		592		1,405		1,958		497		462		94		118		5,126
Allowance for loan losses:
Individually evaluated for loss		86		270		214		11		-		65		-		646
Collectively evaluated for loss		506		1,135		1,744		486		462		29		118		4,480
Total		592		1,405		1,958		497		462		94		118		5,126
Loan balances:
Individually evaluated for loss		1,193		8,301		3,085		221		-		772		7		13,579
Collectively evaluated for loss		94,566		14,332		95,531		54,730		33,166		5,424		13,300		311,049
Total	$	95,759	$	22,633	$	98,616	$	54,951	$	33,166	$	6,196	$	13,307	$	324,628

	Three and nine months ended September 30, 2012
(Dollars in thousands)	One-to-four
	family
	residential			Construction		Commercial		Commercial		Agriculture		Municipal		Consumer
	real estate			and land		real estate		loans		loans		loans		loans		Total
Allowance for loan losses:
Balance at June 30, 2012	$	708	$	1,786	$	1,485	$	652	$	402	$	112	$	127	$	5,272
Charge-offs		-		(15)		-		(60)		-		-		(43)		(118)
Recoveries		1		1		-		5		1		-		5		13
Net charge-offs		1		(14)		-		(55)		1		-		(38)		(105)
Provision for loan losses		76		523		265		18		47		20		51		1,000
Balance at September 30, 2012		785		2,295		1,750		615		450		132		140		6,167
Balance at December 31, 2011	$	560	$	928	$	1,791	$	745	$	433	$	130	$	120	$	4,707
Charge-offs		(15)		(15)		-		(70)		-		-		(120)		(220)
Recoveries		6		4		-		10		39		-		21		80
Net charge-offs		(9)		(11)		-		(60)		39		-		(99)		(140)
Provision for loan losses		234		1,378		(41)		(70)		(22)		2		119		1,600
Balance at September 30, 2012		785		2,295		1,750		615		450		132		140		6,167
Allowance for loan losses:
Individually evaluated for loss		184		1,414		-		-		-		65		16		1,679
Collectively evaluated for loss		601		881		1,750		615		450		67		124		4,488
Total		785		2,295		1,750		615		450		132		140		6,167
Loan balances:
Individually evaluated for loss		848		3,326		-		204		5		772		72		5,227
Collectively evaluated for loss		81,609		21,293		90,163		59,156		32,922		9,293		13,491		307,927
Total	$	82,457	$	24,619	$	90,163	$	59,360	$	32,927	$	10,065	$	13,563	$	313,154

Past Due Financing Receivables [Table Text Block]

The following tables present information on the Company’s past due and non-accrual loans by loan class:

(Dollars in thousands)	As of September 30, 2013
	30-59 days			60-89 days			90 days or
	delinquent			delinquent			more			Total past
	and			and			delinquent			due loans			Non-accrual
	accruing			accruing			and accruing			accruing			loans			Total
One-to-four family residential real
estate	$	146		$	212		$	-		$	358		$	1,186		$	1,544
Construction and land		33			-			-			33			2,168			2,201
Commercial real estate		42			261			-			303			2,807			3,110
Commercial loans		76			42			-			118			221			339
Agriculture loans		163			-			-			163			-			163
Municipal loans		-			-			-			-			131			131
Consumer loans		171			54			-			225			7			232
Total	$	631		$	569		$	-		$	1,200		$	6,520		$	7,720
Percent of gross loans		0.19	%		0.18	%		0.00	%		0.37	%		2.01	%		2.38	%

(Dollars in thousands)	As of December 31, 2012
	30-59 days			60-89 days			90 days or
	delinquent			delinquent			more			Total past
	and			and			delinquent			due loans			Non-accrual
	accruing			accruing			and accruing			accruing			loans			Total
One-to-four family residential real
estate	$	282		$	1,362		$	-		$	1,644		$	731		$	2,375
Construction and land		18			-			-			18			3,915			3,933
Commercial real estate		166			82			-			248			2,833			3,081
Commercial loans		62			17			-			79			1,475			1,554
Agriculture loans		-			-			-			-			5			5
Municipal loans		-			-			-			-			131			131
Consumer loans		142			65			-			207			18			225
Total	$	670		$	1,526		$	-		$	2,196		$	9,108		$	11,304
Percent of gross loans		0.21	%		0.48	%		0.00	%		0.69	%		2.84	%		3.53	%

Impaired Financing Receivables [Table Text Block]

The following tables present information on impaired loans:

(Dollars in thousands)	As of September 30, 2013
					Impaired		Impaired						Year-to-
	Unpaid				loans		loans with		Related		Year-to-		date interest
	contractual		Impaired		without an		an		allowance		date average		income
	principal		loan balance		allowance		allowance		recorded		loan balance		recognized
One-to-four family residential real estate	$	1,483	$	1,193	$	699	$	494	$	86	$	1,224	$	-
Construction and land		10,035		8,301		6,203		2,098		270		8,432		201
Commercial real estate		3,085		3,085		310		2,775		214		3,171		13
Commercial loans		221		221		187		34		11		223		-
Municipal loans		772		772		641		131		65		772		15
Consumer loans		7		7		7		-		-		10		-
Total impaired loans	$	15,603	$	13,579	$	8,047	$	5,532	$	646	$	13,832	$	229

(Dollars in thousands)	As of December 31, 2012
					Impaired		Impaired						Year-to-
	Unpaid				loans		loans with		Related		Year-to-		date interest
	contractual		Impaired		without an		an		allowance		date average		income
	principal		loan balance		allowance		allowance		recorded		loan balance		recognized
One-to-four family residential real estate	$	1,029	$	739	$	57	$	682	$	165	$	767	$	19
Construction and land		10,486		8,752		6,395		2,357		388		9,211		302
Commercial real estate		2,833		2,833		2,833		-		-		3,352		-
Commercial loans		1,475		1,475		395		1,080		268		1,621		3
Agriculture loans		5		5		5		-		-		8		-
Municipal loans		772		772		641		131		65		779		20
Consumer loans		18		18		3		15		15		20		-
Total impaired loans	$	16,618	$	14,594	$	10,329	$	4,265	$	901	$	15,758	$	344

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following table presents information on loans that are classified as TDRs:

(Dollars in thousands)
	As of September 30, 2013					As of December 31, 2012
	Number of	Non-accrual		Accruing		Number of	Non-accrual		Accruing
	loans	balance		balance		loans	balance		balance
One-to-four family residential real estate	2	$	438	$	7	2	$	485	$	8
Construction and land	7		630		6,133	7		2,240		4,837
Commercial real estate	1		-		278	-		-		-
Commerical loans	-		-		-	2		196		-
Municipal loans	2		-		641	2		-		641
Total troubled debt restructurings	12	$	1,068	$	7,059	13	$	2,921	$	5,486