Loans and the Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2012

Loans and the Allowance for Loan Losses [Abstract]

Composition of Loan Portfolio [Table Text Block]


	June 30,		December 31,
	2012		2011
	(in thousands)
Commercial and industrial	$	168,137	$	146,711
Commercial real estate		448,624		408,164
Construction		33,521		39,388
Residential mortgage		156,664		160,771
Installment		345		959
Subtotal		807,291		755,993
Net deferred loan costs		163		17
Total loans	$	807,454	$	756,010

Loans Receivable on Non-Accrual Status [Table Text Block]


Loans Receivable on Non-Accrual Status
	June 30, 2012		December 31, 2011
	(in thousands)
Commercial and industrial	$	233	$	125
Commercial real estate		408		225
Construction		—		3,044
Residential mortgage		3,302		3,477
Total loans receivable on non-accrual status	$	3,943	$	6,871

Credit Quality Indicators [Table Text Block]


Credit Quality Indicators
	June 30, 2012
	Pass		Special Mention		Substandard		Doubtful		Total
	(in thousands)
Commercial and industrial	$	164,073	$	2,744	$	1,320	$	—	$	168,137
Commercial real estate		416,855		17,028		14,741		—		448,624
Construction		33,521		—		—		—		33,521
Residential mortgage		149,437		392		6,835		—		156,664
Installment		345		—		—		—		345
Total loans	$	764,231	$	20,164	$	22,896	$	—	$	807,291


Credit Quality Indicators
	December 31, 2011
	Pass		Special Mention		Substandard		Doubtful		Total
	(in thousands)
Commercial and industrial	$	143,097	$	2,022	$	1,592	$	—	$	146,711
Commercial real estate		371,519		24,282		12,363		—		408,164
Construction		36,344		—		3,044		—		39,388
Residential mortgage		155,098		—		5,673		—		160,771
Installment		959		—		—		—		959
Total loans	$	707,017	$	26,304	$	22,672	$	—	$	755,993

Analysis of Impaired Loans [Table Text Block]

The following table provides an analysis of the impaired loans at June 30, 2012 and December 31, 2011:



	Six Months Ended June 30, 2012
	Recorded Investment		Unpaid Principal Balance		Related Allowance
No Related Allowance Recorded	(in thousands)
Commercial real estate	$	2,093	$	2,542		$	—
Total	$	2,093	$	2,542		$	—


With An Allowance Recorded
Commercial real estate	$	4,180		$		4,180			$	531
Residential mortgage		4,046				4,046				340
Total	$	8,226		$		8,226			$	871
Total
Commercial real estate	$	6,273		$		6,722			$	531
Residential mortgage		4,046				4,046				340
Total (including related allowance)	$	10,319		$		10,768			$	871



	Year Ended December 31, 2011
	Recorded Investment				Unpaid Principal Balance			Related Allowance
No Related Allowance Recorded	(in thousands)
Commercial real estate			2,121				2,570				—
Total	$		2,121		$		2,570		$		—


With An Allowance Recorded
Commercial real estate	$	4,180	$	4,180	$	567
Construction		3,044		3,584		200
Residential mortgage		4,601		4,601		318
Total	$	11,825	$	12,365	$	1,085
Total
Commercial real estate		6,301		6,750		567
Construction		3,044		3,584		200
Residential mortgage		4,601		4,601		318
Total (including related allowance)	$	13,946	$	14,935	$	1,085


	Three Months Ended June 30, 2012				Six Months Ended June 30, 2012				Year Ended December 31, 2011
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(in thousands)
Impaired loans with no related allowance recorded:

Commercial and industrial	$	—	$	—	$	—	$	—	$	292	$	11
Commercial real estate		2,250		28		2,250		58		3,390		149
Construction		—		—		—		—		3,156		—
Residential mortgage		—		—		—		—		—		—
Total	$	2,250	$	28	$	2,250	$	58	$	6,838	$	160

Impaired loans with an allowance recorded:

Commercial real estate	$	4,180	$	34	$	4,180	$	69	$	4,583	$	258
Construction		2,873		16		3,093		16		3,048		18
Residential mortgage		4,016		33		4,217		59		4,572		102
Total	$	11,069	$	83	$	11,490	$	144	$	12,203	$	378

Total impaired loans:

Commercial and industrial	$	—	$	—	$	—	$	—	$	292	$	11
Commercial real estate		6,430		62		6,430		127		7,973		407
Construction		2,873		16		3,093		16		6,204		18
Residential mortgage		4,016		33		4,217		59		4,572		102
Total	$	13,319	$	111	$	13,740	$	202	$	19,041	$	538

Aging Analysis [Table Text Block]


Aging Analysis
	June 30, 2012
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Loans Receivable > 90 Days And Accruing
	(in thousands)
Commercial and Industrial	$	155	$	—	$	233	$	388	$	167,749	$	168,137	$	—
Commercial Real Estate		543		—		1,434		1,977		446,647		448,624		1,026
Construction		—		—		—		—		33,521		33,521		—
Residential Mortgage		279		312		3,302		3,893		152,771		156,664		—
Installment		5		—		—		5		340		345		—
Total	$	982	$	312	$	4,969	$	6,263	$	801,028	$	807,291	$	1,026


	December 31, 2011
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Loans Receivable > 90 Days And Accruing
	(in thousands)
Commercial and Industrial	$	137	$	1,544	$	125	$	1,806	$	144,905	$	146,711	$	—
Commercial Real Estate		1,331		5,335		1,254		7,920		400,244		408,164		1,029
Construction		—		—		3,044		3,044		36,344		39,388		—
Residential Mortgage		2,174		99		3,477		5,750		155,021		160,771		—
Installment		16		—		—		16		943		959		—
Total	$	3,658	$	6,978	$	7,900	$	18,536	$	737,457	$	755,993	$	1,029

Allowance for Loan and Lease Losses [Table Text Block]


Allowance for loan and lease losses
	June 30, 2012
	C & I		Comm R/E		Construction		Res Mtge		Installment		Unallocated		Total
	(in thousands)
Allowance for loan and lease losses:
Individually evaluated for impairment	$	—	$	531	$	—	$	340	$	—	$	—	$	871
Collectively evaluated for impairment		1,747		5,642		449		960		59		493		9,350

Total	$	1,747	$	6,173	$	449	$	1,300	$	59	$	493	$	10,221

Loans Receivable
Individually evaluated for impairment	$	841	$	11,250	$	3,600	$	4,487	$	—	$	—	$	20,178
Collectively evaluated for impairment		167,296		437,374		29,921		152,177		345		—		787,113
Total	$	168,137	$	448,624	$	33,521	$	156,664	$	345	$	—	$	807,291


Allowance for loan and lease losses
	December 31, 2011
	C & I		Comm R/E		Construction		Res Mtge		Installment		Unallocated		Total
	(in thousands)
Allowance for loan and lease losses:
Individually evaluated for impairment	$	—	$	567	$	200	$	318	$	—	$	—	$	1,085
Collectively evaluated for impairment		1,527		5,405		507		945		51		82		8,517
Total	$	1,527	$	5,972	$	707	$	1,263	$	51	$	82	$	9,602

Loans Receivable
Individually evaluated for impairment	$	953	$	12,769	$	3,044	$	5,050	$	—	$	—	$	21,816
Collectively evaluated for impairment		145,758		395,395		36,344		155,721		959		—		734,177
Total	$	146,711	$	408,164	$	39,388	$	160,771	$	959	$	—	$	755,993

Summary of Activity in Allowance for Loan Losses [Table Text Block]

A summary of the activity in the allowance for loan losses is as follows:


	Three Months Ended June 30, 2012
	C & I			Comm R/E		Construction			Res Mtge		Installment			Unallocated		Total
	(in thousands)
Balance at April 1,	$	1,784		$	5,876	$	637		$	1,234	$	54		$	169	$	9,754

Charge offs		—			—		—			—		(5	)		—		(5	)

Recoveries		—			—		540			38		1			—		579

Provision		(37	)		297		(728	)		28		9			324		(107	)

Balance at June 30,	$	1,747		$	6,173	$	449		$	1,300	$	59		$	493	$	10,221


	Six Months Ended June 30, 2012
	C & I		Comm R/E		Construction			Res Mtge			Installment			Unallocated		Total
	(in thousands)
Balance at January 1,	$	1,527	$	5,972	$	707		$	1,263		$	51		$	82	$	9,602

Charge offs		—		—		—			—			(8	)		—		(8	)

Recoveries		—		—		540			85			2			—		627

Provision		220		201		(798	)		(48	)		14			411		—

Balance at June 30,	$	1,747	$	6,173	$	449		$	1,300		$	59		$	493	$	10,221


	Three Months Ended June 30, 2011
	C & I			Comm R/E			Construction		Res Mtge		Installment			Unallocated			Total
	(in thousands)
Balance at April 1,	$	1,378		$	6,183		$	900	$	952	$	51		$	127		$	9,591

Charge offs		(20	)		—			—		—		(4	)		—			(24	)

Recoveries		—			15			—		2		2			—			19

Provision		18			(43	)		230		51		7			(13	)		250

Balance at June 30,	$	1,376		$	6,155		$	1,130	$	1,005	$	56		$	114		$	9,836


	Six Months Ended June 30, 2011
	C & I			Comm R/E		Construction		Res Mtge			Installment			Unallocated			Total
	(in thousands)
Balance at January 1,	$	1,272		$	5,715	$	551	$	1,038		$	52		$	239		$	8,867

Charge offs		(185	)		—		—		(23	)		(7	)		—			(215	)

Recoveries		35			15		—		2			4			—			56

Provision		254			425		579		(12	)		7			(125	)		1,128

Balance at June 30,	$	1,376		$	6,155	$	1,130	$	1,005		$	56		$	114		$	9,836

Schedule of Troubled Debt Restructuring by Class [Table Text Block]


	Three Months Ended June 30, 2012						Six Months Ended June 30, 2012
	Number of Loans		Pre-restructuring Outstanding Recorded Investment		Post-restructuring Outstanding Recorded Investment		Number of Loans		Pre-restructuring Outstanding Recorded Investment			Post-restructuring Outstanding Recorded Investment
	(dollars in thousands)
Troubled debt restructurings:
Commercial Real Estate		—	$	—	$	—		1		$	225		$	225
Residential Mortgage		1		1,354		1,354		2			2,068			2,059
Total		1	$	1,354	$	1,354		3		$	2,293		$	2,284

- Definition

Tabular disclosure of troubled debt restructurings in the current period: (1) for each restructuring, the principal changes in terms, the major features of settlement, or both; (2) the aggregate gain (loss) on restructuring of payables; (3) the income tax effect on the gain or loss recognized on the restructuring of payables; (4) the gain (loss) recognized on the restructuring of payables, after the impact of income tax expense or benefit; and (5) the aggregate gain (loss) on transfer of assets recognized during the period, after the impact of income tax expense or benefit.

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