|
Loans (Tables)
|
12 Months Ended |
|
Dec. 31, 2012
|
| Loans By Type Disclosure [Abstract] |
|
| Schedule Of Loan Categories [Table Text Block] |
A summary of loan categories is as follows:
|
|
December 31, |
| (In thousands) |
|
2012 |
|
2011 |
| Commercial and industrial |
|
$ |
160,862 |
|
$ |
136,916 |
| Real estate |
|
|
|
|
|
|
| Commercial: |
|
|
|
|
|
|
| Mortgage |
|
|
134,843 |
|
|
140,848 |
| Construction |
|
|
7,025 |
|
|
9,067 |
| Church, church-related: |
|
|
|
|
|
|
| Mortgage |
|
|
368,118 |
|
|
347,726 |
| Construction |
|
|
16,450 |
|
|
36,497 |
| Other |
|
|
435 |
|
|
511 |
| Total loans |
|
$ |
687,733 |
|
$ |
671,565 |
|
| Schedule of Debt [Table Text Block] |
The following table presents the aging of loans by loan categories at December 31, 2012:
|
|
Performing |
|
Nonperforming |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90 Days |
|
|
|
|
|
|
|
|
|
|
|
30-59 |
|
60-89 |
|
and |
|
Non |
|
Total |
| (In thousands) |
|
Current |
|
Days |
|
Days |
|
Over |
|
Accrual |
|
Loans |
| Commercial and industrial |
|
$ |
159,423 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
1,439 |
|
$ |
160,862 |
| Real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage |
|
|
129,884 |
|
|
|
|
|
— |
|
|
— |
|
|
4,959 |
|
|
134,843 |
| Construction |
|
|
7,025 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
7,025 |
| Church, church-related: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage |
|
|
367,944 |
|
|
|
|
|
— |
|
|
— |
|
|
174 |
|
|
368,118 |
| Construction |
|
|
16,450 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
16,450 |
| Other |
|
|
435 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
435 |
| Total |
|
$ |
681,161 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
6,572 |
|
$ |
687,733 |
The following table presents the aging of loans by loan categories at December 31, 2011:
|
|
Performing |
|
Nonperforming |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90 Days |
|
|
|
|
|
|
|
|
|
|
|
30-59 |
|
60-89 |
|
and |
|
Non |
|
Total |
| (In thousands) |
|
Current |
|
Days |
|
Days |
|
Over |
|
Accrual |
|
Loans |
| Commercial and industrial |
|
$ |
136,850 |
|
$ |
— |
|
$ |
10 |
|
$ |
— |
|
$ |
56 |
|
$ |
136,916 |
| Real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage |
|
|
139,249 |
|
|
137 |
|
|
— |
|
|
29 |
|
|
1,433 |
|
|
140,848 |
| Construction |
|
|
9,067 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
9,067 |
| Church, church-related: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage |
|
|
347,506 |
|
|
— |
|
|
— |
|
|
— |
|
|
220 |
|
|
347,726 |
| Construction |
|
|
36,497 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
36,497 |
| Other |
|
|
511 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
511 |
| Total |
|
$ |
669,680 |
|
$ |
137 |
|
$ |
10 |
|
$ |
29 |
|
$ |
1,709 |
|
$ |
671,565 |
|
| Schedule Of Credit Exposure Of Loan Portfolio By Internally Assigned Credit Grade [Table Text Block] |
The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2012:
|
|
Loans |
|
Performing |
|
Nonperforming |
|
|
|
|
|
Subject to |
|
Loans Subject to |
|
Loans Subject |
|
|
|
|
|
Normal |
|
Special |
|
to Special |
|
|
|
| (In thousands) |
|
Monitoring1 |
|
Monitoring2 |
|
Monitoring2 |
|
Total Loans |
| Commercial and industrial |
|
$ |
155,838 |
|
$ |
3,585 |
|
$ |
1,439 |
|
|
$ |
160,862 |
| Real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage |
|
|
123,315 |
|
|
6,569 |
|
|
4,959 |
* |
|
|
134,843 |
| Construction |
|
|
7,025 |
|
|
— |
|
|
— |
|
|
|
7,025 |
| Church, church-related: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage |
|
|
366,366 |
|
|
1,578 |
|
|
174 |
|
|
|
368,118 |
| Construction |
|
|
16,450 |
|
|
— |
|
|
— |
|
|
|
16,450 |
| Other |
|
|
435 |
|
|
— |
|
|
— |
|
|
|
435 |
| Total |
|
$ |
669,429 |
|
$ |
11,732 |
|
$ |
6,572 |
|
|
$ |
687,733 |
| |
* |
In February 2013, a payment of $4,115,000 was received for one nonaccrual loan with a balance of $4,198,000. $83,000 was charged off. |
|
1 |
Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligation. |
|
2 |
Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention. |
The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2011:
|
|
Loans |
|
Performing |
|
Nonperforming |
|
|
|
|
|
Subject to |
|
Loans Subject to |
|
Loans Subject to |
|
|
|
|
|
Normal |
|
Special |
|
Special |
|
Total |
| (In thousands) |
|
Monitoring1 |
|
Monitoring2 |
|
Monitoring2 |
|
Loans |
| Commercial and industrial |
|
$ |
132,475 |
|
$ |
4,385 |
|
$ |
56 |
|
$ |
136,916 |
| Real estate |
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage |
|
|
125,850 |
|
|
13,536 |
|
|
1,462 |
|
|
140,848 |
| Construction |
|
|
9,067 |
|
|
— |
|
|
— |
|
|
9,067 |
| Church, church-related: |
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage |
|
|
336,727 |
|
|
10,779 |
|
|
220 |
|
|
347,726 |
| Construction |
|
|
36,497 |
|
|
— |
|
|
— |
|
|
36,497 |
| Other |
|
|
511 |
|
|
— |
|
|
— |
|
|
511 |
| Total |
|
$ |
641,127 |
|
$ |
28,700 |
|
$ |
1,738 |
|
$ |
671,565 |
| |
1 |
Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligation. |
|
2 |
Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention. |
|
| Impaired Financing Receivables [Table Text Block] |
The following table presents the recorded investment and unpaid principal balance for impaired loans at December 31, 2012:
|
|
|
|
|
|
|
|
|
|
Related |
|
|
|
|
|
|
Unpaid |
|
Allowance |
|
|
Recorded |
|
Principal |
|
for Loan |
| (In thousands) |
|
Investment |
|
Balance |
|
Losses |
| Commercial and industrial: |
|
|
|
|
|
|
|
|
|
|
|
| Nonaccrual |
|
$ |
1,439 |
|
|
$ |
1,439 |
|
|
$ |
657 |
| Troubled debt restructurings still accruing |
|
|
— |
|
|
|
— |
|
|
|
— |
| |
| Real estate |
|
|
|
|
|
|
|
|
|
|
|
| Commercial – Mortgage: |
|
|
|
|
|
|
|
|
|
|
|
| Nonaccrual |
|
|
4,959 |
* |
|
|
4,959 |
* |
|
|
660 |
| Church – Mortgage: |
|
|
|
|
|
|
|
|
|
|
|
| Nonaccrual |
|
|
174 |
|
|
|
174 |
|
|
|
87 |
| Total impaired loans |
|
$ |
6,572 |
|
|
$ |
6,572 |
|
|
$ |
1,404 |
| |
* |
In February 2013, a payment of $4,115,000 was received for one nonaccrual loan with a balance of $4,198,000. $83,000 was charged off. |
The following table presents the recorded investment and unpaid principal balance for impaired loans at December 31, 2011:
|
|
|
|
|
Unpaid |
|
Related |
|
|
Recorded |
|
Principal |
|
Allowance for |
| (In thousands) |
|
Investment |
|
Balance |
|
Loan Losses |
| Commercial and industrial: |
|
|
|
|
|
|
|
|
|
| Nonaccrual |
|
$ |
56 |
|
$ |
56 |
|
$ |
28 |
| Troubled debt restructurings still accruing |
|
|
83 |
|
|
83 |
|
|
8 |
| Real estate |
|
|
|
|
|
|
|
|
|
| Commercial – Mortgage: |
|
|
|
|
|
|
|
|
|
| Nonaccrual |
|
|
1,433 |
|
|
1,433 |
|
|
149 |
| Past due 90 days or more and still accruing |
|
|
29 |
|
|
29 |
|
|
— |
| Troubled debt restructurings still accruing |
|
|
4,396 |
|
|
4,396 |
|
|
766 |
| Church – Mortgage: |
|
|
|
|
|
|
|
|
|
| Nonaccrual |
|
|
220 |
|
|
220 |
|
|
115 |
| Total impaired loans |
|
$ |
6,217 |
|
$ |
6,217 |
|
$ |
1,066 |
|
| Allowance for Credit Losses on Financing Receivables [Table Text Block] |
A summary of the activity in the allowance for loan losses is as follows:
|
|
December 31, |
|
Charge- |
|
|
|
|
|
|
|
|
December 31, |
| (In thousands) |
|
2011 |
|
Offs |
|
Recoveries |
|
Provision |
|
2012 |
| Commercial and industrial |
|
$ |
2,594 |
|
$ |
1,546 |
|
$ |
111 |
|
$ |
2,033 |
|
|
$ |
3,192 |
| Real estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage |
|
|
4,776 |
|
|
1,542 |
|
|
— |
|
|
550 |
|
|
|
3,784 |
| Construction |
|
|
167 |
|
|
— |
|
|
— |
|
|
(30 |
) |
|
|
137 |
| Church, church-related: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage |
|
|
4,797 |
|
|
20 |
|
|
— |
|
|
126 |
|
|
|
4,903 |
| Construction |
|
|
616 |
|
|
— |
|
|
— |
|
|
(283 |
) |
|
|
333 |
| Other |
|
|
4 |
|
|
— |
|
|
— |
|
|
4 |
|
|
|
8 |
| Total |
|
$ |
12,954 |
|
$ |
3,108 |
|
$ |
111 |
|
$ |
2,400 |
|
|
$ |
12,357 |
|