Loans (Tables)

9 Months Ended

Sep. 30, 2013

Loans [Abstract]

Loans segregated by class of loans

The following table presents the composition of loans segregated by class of loans, as of September 30, 2013 and December 31, 2012.

	September 30, 2013		December 31, 2012
Commercial and Agricultural
Commercial	$	49,162	$	55,684
Agricultural		17,613		6,211
Real Estate
Commercial Construction		44,950		53,808
Residential Construction		4,680		5,852
Commercial		335,444		334,386
Residential		207,758		203,845
Farmland		49,288		49,057
Consumer and Other
Consumer		26,235		29,778
Other		12,914		8,429
Total Loans	$	748,044	$	747,050

Loan portfolio by credit quality indicator (risk grade)

The following table presents the loan portfolio by credit quality indicator (risk grade) as of September 30, 2013 and December 31, 2012.  Those loans with a risk grade of 1, 2, 3 or 4 have been combined in the pass column for presentation purposes.

September 30, 2013
	Pass		Special Mention		Substandard		Total Loans
Commercial and Agricultural
Commercial	$	44,155	$	1,780	$	3,227	$	49,162
Agricultural		17,584		17		12		17,613
Real Estate
Commercial Construction		33,924		2,274		8,752		44,950
Residential Construction		4,473		207		--		4,680
Commercial		312,492		11,487		11,465		335,444
Residential		184,368		12,517		10,873		207,758
Farmland		45,078		480		3,730		49,288
Consumer and Other
Consumer		25,133		326		776		26,235
Other		12,860		2		52		12,914
Total Loans	$	680,067	$	29,090	$	38,887	$	748,044

December 31, 2012
	Pass		Special Mention		Substandard		Total Loans
Commercial and Agricultural
Commercial	$	49,947	$	1,418	$	4,319	$	55,684
Agricultural		6,156		--		55		6,211
Real Estate
Commercial Construction		37,256		1,664		14,888		53,808
Residential Construction		5,749		103		--		5,852
Commercial		298,222		9,759		26,405		334,386
Residential		183,222		11,413		9,210		203,845
Farmland		45,495		914		2,648		49,057
Consumer and Other
Consumer		28,840		293		645		29,778
Other		8,351		9		69		8,429
Total Loans	$	663,238	$	25,573	$	58,239	$	747,050

Age analysis of past due loans and nonaccrual loans, segregated by class of loans

The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, as of September 30, 2013 and December 31, 2012:

September 30, 2013
	Accruing Loans
				90 Days
		30-89 Days		or More		Total Accruing		Nonaccrual
		Past Due		Past Due		Loans Past Due		Loans		Current Loans		Total Loans
Commercial and Agricultural
Commercial		$	689	$	--	$	689	$	1,616	$	46,857	$	49,162
Agricultural			11		--		11		--		17,602		17,613
Real Estate
Commercial Construction			686		--		686		8,483		35,781		44,950
Residential Construction			--		--		--		--		4,680		4,680
Commercial			6,127		--		6,127		5,325		323,992		335,444
Residential			4,543		--		4,543		4,852		198,363		207,758
Farmland			137		--		137		3,606		45,545		49,288
Consumer and Other
Consumer			489		2		491		272		25,472		26,235
Other			--		--		--		9		12,905		12,914
Total Loans		$	12,682	$	2	$	12,684	$	24,163	$	711,197	$	748,044

December 31, 2012
	Accruing Loans
			90 Days
	30-89 Days		or More		Total Accruing		Nonaccrual
	Past Due		Past Due		Loans Past Due		Loans		Current Loans		Total Loans
Commercial and Agricultural
Commercial	$	798	$	--	$	798	$	1,033	$	53,853	$	55,684
Agricultural		28		--		28		39		6,144		6,211
Real Estate
Commercial Construction		1,310		--		1,310		14,032		38,466		53,808
Residential Construction		--		--		--		--		5,852		5,852
Commercial		3,771		--		3,771		6,630		323,985		334,386
Residential		8,223		--		8,223		5,430		190,192		203,845
Farmland		140		--		140		2,413		46,504		49,057
Consumer and Other
Consumer		637		4		641		256		28,881		29,778
Other		5		--		5		18		8,406		8,429
Total Loans	$	14,912	$	4	$	14,916	$	29,851	$	702,283	$	747,050

Impaired loan data

The following table details impaired loan data as of September 30, 2013:

September 30, 2013
	Unpaid
	Contractual						Average		Interest		Interest
	Principal		Impaired		Related		Recorded		Income		Income
	Balance		Balance		Allowance		Investment		Recognized		Collected
With No Related Allowance Recorded
Commercial	$	266	$	265	$	--	$	98	$	11	$	14
Agricultural		--		--		--		13		--		--
Commercial Construction		8,335		5,010		--		2,220		17		23
Residential Construction		--		--		--		--		--		--
Commercial Real Estate		8,559		8,064		--		8,493		95		113
Residential Real Estate		7,378		5,830		--		2,022		157		152
Farmland		2,277		2,277		--		1,618		--		--
Consumer		295		281		--		141		12		14
Other		--		--		--		--		--		--
		27,110		21,727		--		14,605		292		316
With An Allowance Recorded
Commercial		1,465		1,465		108		1,280		14		19
Agricultural		--		--		--		--		--		--
Commercial Construction		5,924		3,473		573		4,386		--		--
Residential Construction		--		--		--		--		--		--
Commercial Real Estate		15,061		15,061		1,559		7,785		287		285
Residential Real Estate		2,804		2,804		774		3,331		65		64
Farmland		1,329		1,329		202		--		44		47
Consumer		--		--		--		--		--		--
Other		--		--		--		--		--		--
		26,583		24,132		3,216		16,782		410		415
Total
Commercial		1,731		1,730		108		1,378		25		33
Agricultural		--		--		--		13		--		--
Commercial Construction		14,259		8,483		573		6,606		17		23
Residential Construction		--		--		--		--		--		--
Commercial Real Estate		23,620		23,125		1,559		16,278		382		398
Residential Real Estate		10,182		8,634		774		5,353		222		216
Farmland		3,606		3,606		202		1,618		44		47
Consumer		295		281		--		141		12		14
Other		--		--		--		--		--		--
	$	53,693	$	45,859	$	3,216	$	31,387	$	702	$	731

The following table details impaired loan data as of December 31, 2012:

December 31, 2012
	Unpaid
	Contractual						Average		Interest		Interest
	Principal		Impaired		Related		Recorded		Income		Income
	Balance		Balance		Allowance		Investment		Recognized		Collected
With No Related Allowance Recorded
Commercial	$	1,508	$	1,042	$	--	$	1,053	$	27	$	28
Agricultural		39		39		--		58		--		--
Commercial Construction		10,625		6,415		--		9,194		27		52
Residential Construction		--		--		--		--		--		--
Commercial Real Estate		16,566		15,506		--		26,482		430		421
Residential Real Estate		4,450		4,132		--		3,096		89		123
Farmland		2,829		2,413		--		2,326		43		55
Consumer		297		255		--		228		10		13
Other		18		18		--		24		1		1
		36,332		29,820		--		42,461		627		693
With An Allowance Recorded
Commercial		1,493		1,493		463		943		92		88
Agricultural		--		--		--		--		--		--
Commercial Construction		8,267		7,618		1,733		10,534		--		--
Residential Construction		--		--		--		--		--		--
Commercial Real Estate		12,759		12,745		1,236		6,399		384		366
Residential Real Estate		5,515		4,422		840		4,288		145		117
Farmland		--		--		--		65		--		--
Consumer		--		--		--		--		--		--
Other		--		--		--		--		--		--
		28,034		26,278		4,272		22,229		621		571
Total
Commercial		3,001		2,535		463		1,996		119		116
Agricultural		39		39		--		58		--		--
Commercial Construction		18,892		14,033		1,733		19,728		27		52
Residential Construction		--		--		--		--		--		--
Commercial Real Estate		29,325		28,251		1,236		32,881		814		787
Residential Real Estate		9,965		8,554		840		7,384		234		240
Farmland		2,829		2,413		--		2,391		43		55
Consumer		297		255		--		228		10		13
Other		18		18		--		24		1		1
	$	64,366	$	56,098	$	4,272	$	64,690	$	1,248	$	1,264

The following table details impaired loan data as of September 30, 2012:

September 30, 2012
	Unpaid
	Contractual						Average		Interest			Interest
	Principal		Impaired		Related		Recorded		Income			Income
	Balance		Balance		Allowance		Investment		Recognized			Collected
With No Related Allowance Recorded
Commercial	$	85	$	34	$	--	$	1,056	$	4		$	2
Agricultural		109		109		--		64		8			18
Commercial Construction		10,527		8,205		--		10,121		(9	)		1
Residential Construction		--		--		--		--		--			--
Commercial Real Estate		35,399		30,152		--		30,141		670			667
Residential Real Estate		4,291		3,694		--		2,751		84			99
Farmland		2,340		2,297		--		2,297		31			44
Consumer		226		208		--		219		5			6
Other		--		--		--		27		--			--
		52,977		44,699		--		46,676		793			837
With An Allowance Recorded
Commercial		1,677		1,677		514		759		69			64
Agricultural		--		--		--		--		--			--
Commercial Construction		12,331		10,610		1,786		11,506		1			4
Residential Construction		--		--		--		--		--			--
Commercial Real Estate		4,789		4,059		864		4,282		115			116
Residential Real Estate		5,260		4,547		1,050		4,244		79			78
Farmland		--		--		--		87		--			--
Consumer		--		--		--		--		--			--
Other		--		--		--		--		--			--
		24,057		20,893		4,214		20,878		264			262
Total
Commercial		1,762		1,711		514		1,815		73			66
Agricultural		109		109		--		64		8			18
Commercial Construction		22,858		18,815		1,786		21,627		(8	)		5
Residential Construction		--		--		--		--		--			--
Commercial Real Estate		40,188		34,211		864		34,423		785			783
Residential Real Estate		9,551		8,241		1,050		6,995		163			177
Farmland		2,340		2,297		--		2,384		31			44
Consumer		226		208		--		219		5			6
Other		--		--		--		27		--			--
	$	77,034	$	65,592	$	4,214	$	67,554	$	1,057		$	1,099

Loans modified in troubled debt restructuring

The following tables present the number of loan contracts restructured during the three and nine month period ended September 30, 2013 and September 30, 2012.  It shows the pre- and post-modification recorded investment as well as the number of contracts and the recorded investment for those TDRs modified during the previous twelve months which subsequently defaulted during the period.  Loans modified in a troubled debt restructuring are considered to be in default once the loan becomes 90 days past due.

	Three Months Ending September 30, 2013						Nine Months Ending September 30, 2013
Troubled Debt Restructurings
	# of Contracts		Pre-Modification		Post-Modification		# of Contracts		Pre-Modification		Post-Modification
Commercial Construction		--	$	--	$	--		2	$	229	$	226
Commercial RE		--		--		--		1		226		226
Residential RE		--		--		--		2		1,025		1,001
Total Loans		--		--		--		5	$	1,480	$	1,453

	Three Months Ending September 30, 2013				Nine Months Ending September 30, 2013
Troubled Debt Restructurings
That Subsequently Defaulted
	# of Contracts		Recorded Investment		# of Contracts		Recorded Investment
Commercial		1	$	81		1	$	81
Total Loans		1	$	81		1	$	81

	Three Months Ending September 30, 2012						Nine Months Ending September 30, 2012
Troubled Debt Restructurings
	# of Contracts		Pre-Modification		Post-Modification		# of Contracts		Pre-Modification		Post-Modification
Commercial Real Estate		----	$	----	$	----		1	$	57	$	57
Residential Real Estate		2		248		248		3		646		645
Total Loans		2	$	248	$	248		4	$	703	$	702

	Three Months Ending September 30, 2012				Nine Months Ending September 30, 2012
Troubled Debt Restructurings
That Subsequently Defaulted
	# of Contracts		Recorded Investment		# of Contracts		Recorded Investment
Commercial Construction		----	$	----		1	$	64
Residential Real Estate		----		----		1		50
Total Loans		----	$	----		2	$	114