Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2015

Allowance by Impairment Methodology and Loans by Impairment Methodology

The following tables present, as of March 31, 2015, December 31, 2014 and March 31, 2014, the total allowance for loan losses, the allowance by impairment methodology and loans by impairment methodology (in thousands):


	March 31, 2015
	Construction and Land Development		Secured by 1-4 Family Residential			Other Real Estate		Commercial and Industrial			Consumer and Other Loans			Total
Allowance for loan losses:
Beginning Balance, December 31, 2014	$	1,403	$	1,204		$	3,658	$	310		$	143		$	6,718
Charge-offs		—		(47	)		—		—			(65	)		(112	)
Recoveries		1		34			1		60			69			165
Provision for (recovery of) loan losses		197		(239	)		137		(82	)		(13	)		—

Ending Balance, March 31, 2015	$	1,601	$	952		$	3,796	$	288		$	134		$	6,771


Ending Balance:
Individually evaluated for impairment		341		85			1,447		28			—			1,901
Collectively evaluated for impairment		1,260		867			2,349		260			134			4,870

Loans:
Ending Balance		33,344		172,874			158,896		21,420			11,983			398,517

Individually evaluated for impairment		3,071		2,747			7,103		113			—			13,034
Collectively evaluated for impairment		30,273		170,127			151,793		21,307			11,983			385,483


	December 31, 2014
	Construction and Land Development			Secured by 1-4 Family Residential			Other Real Estate			Commercial and Industrial			Consumer and Other Loans			Total
Allowance for loan losses:
Beginning Balance, December 31, 2013	$	2,710		$	2,975		$	4,418		$	442		$	99		$	10,644
Charge-offs		(91	)		(272	)		(203	)		(43	)		(318	)		(927	)
Recoveries		80			15			509			18			229			851
Provision for (recovery of) loan losses		(1,296	)		(1,514	)		(1,066	)		(107	)		133			(3,850	)

Ending Balance, December 31, 2014	$	1,403		$	1,204		$	3,658		$	310		$	143		$	6,718


Ending Balance:
Individually evaluated for impairment		245			173			1,456			33			—			1,907
Collectively evaluated for impairment		1,158			1,031			2,202			277			143			4,811

Loans:
Ending Balance		29,475			163,727			151,802			21,166			12,240			378,410

Individually evaluated for impairment		3,205			3,414			7,183			120			—			13,922
Collectively evaluated for impairment		26,270			160,313			144,619			21,046			12,240			364,488


	March 31, 2014
	Construction and Land Development			Secured by 1-4 Family Residential			Other Real Estate		Commercial and Industrial			Consumer and Other Loans			Total
Allowance for loan losses:
Beginning Balance, December 31, 2013	$	2,710		$	2,975		$	4,418	$	442		$	99		$	10,644
Charge-offs		—			(71	)		—		(36	)		(132	)		(239	)
Recoveries		—			4			1		1			72			78
Provision for (recovery of) loan losses		(458	)		42			89		36			91			(200	)

Ending Balance, March 31, 2014	$	2,252		$	2,950		$	4,508	$	443		$	130		$	10,283


Ending Balance:
Individually evaluated for impairment		862			126			505		45			—			1,538
Collectively evaluated for impairment		1,390			2,824			4,003		398			130			8,745

Loans:
Ending Balance		33,876			147,541			142,719		23,381			12,016			359,533

Individually evaluated for impairment		6,568			3,468			11,030		172			—			21,238
Collectively evaluated for impairment		27,308			144,073			131,689		23,209			12,016			338,295

Impaired Loans and Related Allowance

Impaired loans and the related allowance at March 31, 2015, December 31, 2014 and March 31, 2014, were as follows (in thousands):


	March 31, 2015
	Unpaid Principal Balance		Recorded Investment with No Allowance		Recorded Investment with Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
Real estate loans:
Construction and land development	$	3,198	$	2,196	$	875	$	3,071	$	341	$	3,171	$	16
Secured by 1-4 family		3,672		2,509		238		2,747		85		3,149		29
Other real estate loans		7,559		4,119		2,984		7,103		1,447		7,149		34
Commercial and industrial		122		3		110		113		28		118		—
Consumer and other loans		—		—		—		—		—		—		—

Total	$	14,551	$	8,827	$	4,207	$	13,034	$	1,901	$	13,587	$	79


	December 31, 2014
	Unpaid Principal Balance		Recorded Investment with No Allowance		Recorded Investment with Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
Real estate loans:
Construction and land development	$	3,299	$	2,800	$	405	$	3,205	$	245	$	5,532	$	40
Secured by 1-4 family		4,327		2,526		888		3,414		173		3,433		138
Other real estate loans		7,623		3,708		3,475		7,183		1,456		10,115		206
Commercial and industrial		127		5		115		120		33		159		1
Consumer and other loans		—		—		—		—		—		—		—

Total	$	15,376	$	9,039	$	4,883	$	13,922	$	1,907	$	19,239	$	385


	March 31, 2014
	Unpaid Principal Balance		Recorded Investment with No Allowance		Recorded Investment with Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
Real estate loans:
Construction and land development	$	8,864	$	4,018	$	2,550	$	6,568	$	862	$	6,684	$	11
Secured by 1-4 family		4,391		2,932		536		3,468		126		3,313		31
Other real estate loans		12,346		9,139		1,891		11,030		505		11,082		79
Commercial and industrial		176		13		159		172		45		200		—
Consumer and other loans		—		—		—		—		—		—		—

Total	$	25,777	$	16,102	$	5,136	$	21,238	$	1,538	$	21,279	$	121