Loan and Allowance for Loan Loss (Tables)
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9 Months Ended |
Sep. 30, 2014
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Loans And Leases Receivable Disclosure |
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Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
| | | | | | | September 30, | | | December 31, | (In thousands) | | | 2014 | | | 2013 | Commercial and industrial | | $ | 52,868 | | $ | 57,780 | Construction and land development | | | 34,189 | | | 36,479 | Commercial real estate: | | | | | | | | Owner occupied | | | 51,836 | | | 56,102 | | Other | | | 138,241 | | | 118,818 | | | Total commercial real estate | | | 190,077 | | | 174,920 | Residential real estate: | | | | | | | | Consumer mortgage | | | 63,863 | | | 57,871 | | Investment property | | | 42,692 | | | 43,835 | | | Total residential real estate | | | 106,555 | | | 101,706 | Consumer installment | | | 11,535 | | | 12,893 | | | Total loans | | | 395,224 | | | 383,778 | Less: unearned income | | | (622) | | | (439) | | | Loans, net of unearned income | | $ | 394,602 | | $ | 383,339 |
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Past Due Financing Receivables [Table Text Block] |
| | | | | | | | | Accruing | Accruing | Total | | | | | | | | | | | | | | 30-89 Days | Greater than | Accruing | Non- | | | Total | (In thousands) | | Current | Past Due | 90 days | Loans | Accrual | | | Loans | September 30, 2014: | | | | | | | | | | | Commercial and industrial | | $ | 52,567 | 245 | — | 52,812 | 56 | | $ | 52,868 | Construction and land development | | | 33,384 | 190 | — | 33,574 | 615 | | | 34,189 | Commercial real estate: | | | | | | | | | | | | Owner occupied | | | 51,361 | 203 | — | 51,564 | 272 | | | 51,836 | | Other | | | 138,031 | — | — | 138,031 | 210 | | | 138,241 | | | Total commercial real estate | | | 189,392 | 203 | — | 189,595 | 482 | | | 190,077 | Residential real estate: | | | | | | | | | | | | Consumer mortgage | | | 63,537 | 12 | 25 | 63,574 | 289 | | | 63,863 | | Investment property | | | 42,188 | 209 | 51 | 42,448 | 244 | | | 42,692 | | | Total residential real estate | | | 105,725 | 221 | 76 | 106,022 | 533 | | | 106,555 | Consumer installment | | | 11,472 | 59 | — | 11,531 | 4 | | | 11,535 | | | Total | | $ | 392,540 | 918 | 76 | 393,534 | 1,690 | | $ | 395,224 |
| | | | | | | | | | | | | | | | December 31, 2013: | | | | | | | | | | | Commercial and industrial | | $ | 57,558 | 167 | — | 57,725 | 55 | | $ | 57,780 | Construction and land development | | | 34,883 | 14 | — | 34,897 | 1,582 | | | 36,479 | Commercial real estate: | | | | | | | | | | | | Owner occupied | | | 54,214 | 861 | — | 55,075 | 1,027 | | | 56,102 | | Other | | | 118,389 | — | — | 118,389 | 429 | | | 118,818 | | | Total commercial real estate | | | 172,603 | 861 | — | 173,464 | 1,456 | | | 174,920 | Residential real estate: | | | | | | | | | | | | Consumer mortgage | | | 56,191 | 745 | 69 | 57,005 | 866 | | | 57,871 | | Investment property | | | 42,935 | 598 | — | 43,533 | 302 | | | 43,835 | | | Total residential real estate | | | 99,126 | 1,343 | 69 | 100,538 | 1,168 | | | 101,706 | Consumer installment | | | 12,789 | 100 | 4 | 12,893 | — | | | 12,893 | | | Total | | $ | 376,959 | 2,485 | 73 | 379,517 | 4,261 | | $ | 383,778 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Allowance for Credit Losses on Financing Receivables [Table Text Block] |
| | | September 30, 2014 | (In thousands) | Commercial and industrial | | Construction and land development | | Commercial real estate | | Residential real estate | | Consumer installment | | | | Total | Quarter ended: | | | | | | | | | | | | | | | Beginning balance | $ | 639 | | 907 | | 1,913 | | 1,095 | | 174 | | | $ | 4,728 | Charge-offs | | — | | — | | — | | (287) | | (39) | | | | (326) | Recoveries | | 35 | | 1 | | — | | 13 | | 3 | | | | 52 | | Net recoveries (charge-offs) | | 35 | | 1 | | — | | (274) | | (36) | | | | (274) | Provision for loan losses | | (5) | | (13) | | 22 | | 262 | | 34 | | | | 300 | Ending balance | $ | 669 | | 895 | | 1,935 | | 1,083 | | 172 | | | $ | 4,754 |
Nine months ended: | | | | | | | | | | | | | | | Beginning balance | $ | 386 | | 366 | | 3,186 | | 1,114 | | 216 | | | $ | 5,268 | Charge-offs | | (46) | | (236) | | — | | (358) | | (83) | | | | (723) | Recoveries | | 71 | | 4 | | 118 | | 103 | | 13 | | | | 309 | | Net recoveries (charge-offs) | | 25 | | (232) | | 118 | | (255) | | (70) | | | | (414) | Provision for loan losses | | 258 | | 761 | | (1,369) | | 224 | | 26 | | | | (100) | Ending balance | $ | 669 | | 895 | | 1,935 | | 1,083 | | 172 | | | $ | 4,754 |
| | | September 30, 2013 | (In thousands) | Commercial and industrial | | Construction and land development | | Commercial real estate | | Residential real estate | | Consumer installment | | | | Total | Quarter ended: | | | | | | | | | | | | | | | Beginning balance | $ | 675 | | 1,454 | | 3,111 | | 1,125 | | 92 | | | | 6,457 | Charge-offs | | (177) | | — | | (144) | | (103) | | (137) | | | $ | (561) | Recoveries | | 23 | | 1 | | — | | 21 | | 5 | | | $ | 50 | | Net (charge-offs) recoveries | | (154) | | 1 | | (144) | | (82) | | (132) | | | | (511) | Provision for loan losses | | 25 | | (266) | | 137 | | (61) | | 165 | | | $ | — | Ending balance | $ | 546 | | 1,189 | | 3,104 | | 982 | | 125 | | | $ | 5,946 |
Nine months ended: | | | | | | | | | | | | | Beginning balance | $ | 812 | | 1,545 | | 3,137 | | 1,126 | | 103 | | | $ | 6,723 | Charge-offs | | (245) | | (39) | | (262) | | (558) | | (199) | | | | (1,303) | Recoveries | | 40 | | 5 | | 4 | | 62 | | 15 | | | | 126 | | Net charge-offs | | (205) | | (34) | | (258) | | (496) | | (184) | | | | (1,177) | Provision for loan losses | | (61) | | (322) | | 225 | | 352 | | 206 | | | | 400 | Ending balance | $ | 546 | | 1,189 | | 3,104 | | 982 | | 125 | | | $ | 5,946 |
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FinancingReceivableAllowanceforCreditLossAdditionalInformationTableTextBlock |
| | | | | | | Collectively evaluated (1) | | Individually evaluated (2) | | Total | | | | | | | | Allowance | Recorded | | Allowance | Recorded | | Allowance | Recorded | | | | | | | | for loan | investment | | for loan | investment | | for loan | investment | (In thousands) | | losses | in loans | | losses | in loans | | losses | in loans | September 30, 2014: | | | | | | | | | | Commercial and industrial | $ | 669 | 52,785 | | — | 83 | | 669 | 52,868 | Construction and land development | | 895 | 33,574 | | — | 615 | | 895 | 34,189 | Commercial real estate | | 1,733 | 188,150 | | 202 | 1,927 | | 1,935 | 190,077 | Residential real estate | | 1,083 | 105,672 | | — | 883 | | 1,083 | 106,555 | Consumer installment | | 172 | 11,535 | | — | — | | 172 | 11,535 | | | Total | $ | 4,552 | 391,716 | | 202 | 3,508 | | 4,754 | 395,224 |
September 30, 2013: | | | | | | | | | | Commercial and industrial | $ | 546 | 58,630 | | — | 136 | | 546 | 58,766 | Construction and land development | | 1,090 | 35,469 | | 99 | 1,593 | | 1,189 | 37,062 | Commercial real estate | | 2,919 | 167,564 | | 185 | 2,956 | | 3,104 | 170,520 | Residential real estate | | 982 | 101,576 | | — | 989 | | 982 | 102,565 | Consumer installment | | 125 | 12,170 | | — | — | | 125 | 12,170 | | | Total | $ | 5,662 | 375,409 | | 284 | 5,674 | | 5,946 | 381,083 | | | | | | | | | | | | | | | | (1) | Represents loans collectively evaluated for impairment in accordance with ASC 450-20, Loss Contingencies (formerly FAS 5), and | | pursuant to amendments by ASU 2010-20 regarding allowance for unimpaired loans. | (2) | Represents loans individually evaluated for impairment in accordance with ASC 310-30, Receivables (formerly FAS 114), and | | pursuant to amendments by ASU 2010-20 regarding allowance for impaired loans. |
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Financing Receivable Credit Quality Indicators [Table Text Block] |
(In thousands) | | Pass | | Special Mention | | Substandard Accruing | | Nonaccrual | | | Total loans | September 30, 2014: | | | | | | | | | | | | Commercial and industrial | $ | 48,075 | | 4,308 | | 429 | | 56 | | $ | 52,868 | Construction and land development | | 32,524 | | 483 | | 567 | | 615 | | | 34,189 | Commercial real estate: | | | | | | | | | | | | | Owner occupied | | 50,185 | | 1,149 | | 230 | | 272 | | | 51,836 | | Other | | 137,285 | | 89 | | 657 | | 210 | | | 138,241 | | | Total commercial real estate | | 187,470 | | 1,238 | | 887 | | 482 | | | 190,077 | Residential real estate: | | | | | | | | | | | | | Consumer mortgage | | 55,804 | | 3,085 | | 4,685 | | 289 | | | 63,863 | | Investment property | | 40,359 | | 876 | | 1,213 | | 244 | | | 42,692 | | | Total residential real estate | | 96,163 | | 3,961 | | 5,898 | | 533 | | | 106,555 | Consumer installment | | 11,398 | | 17 | | 116 | | 4 | | | 11,535 | | | Total | $ | 375,630 | | 10,007 | | 7,897 | | 1,690 | | $ | 395,224 |
December 31, 2013: | | | | | | | | | | | | Commercial and industrial | $ | 53,060 | | 4,183 | | 482 | | 55 | | $ | 57,780 | Construction and land development | | 33,616 | | 180 | | 1,101 | | 1,582 | | | 36,479 | Commercial real estate: | | | | | | | | | | | | | Owner occupied | | 53,430 | | 770 | | 875 | | 1,027 | | | 56,102 | | Other | | 117,490 | | 91 | | 808 | | 429 | | | 118,818 | | | Total commercial real estate | | 170,920 | | 861 | | 1,683 | | 1,456 | | | 174,920 | Residential real estate: | | | | | | | | | | | | | Consumer mortgage | | 50,392 | | 1,137 | | 5,476 | | 866 | | | 57,871 | | Investment property | | 40,517 | | 1,310 | | 1,706 | | 302 | | | 43,835 | | | Total residential real estate | | 90,909 | | 2,447 | | 7,182 | | 1,168 | | | 101,706 | Consumer installment | | 12,713 | | 34 | | 146 | | — | | | 12,893 | | | Total | $ | 361,218 | | 7,705 | | 10,594 | | 4,261 | | $ | 383,778 |
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Impaired Financing Receivables [Table Text Block] |
| | | | | | | | | | | | | | | | | | | | September 30, 2014 | (In thousands) | | Unpaid principal balance (1) | Charge-offs and payments applied (2) | Recorded investment (3) | | | Related allowance | With no allowance recorded: | Commercial and industrial | $ | 83 | — | 83 | | | | Construction and land development | | 2,829 | (2,214) | 615 | | | | Commercial real estate: | | | | | | | | | Owner occupied | | 336 | (64) | 272 | | | | | Other | | 300 | (91) | 209 | | | | | | Total commercial real estate | | 636 | (155) | 481 | | | | Residential real estate: | | | | | | | | | Consumer mortgages | | 939 | (216) | 723 | | | | | Investment property | | 204 | (44) | 160 | | | | | | Total residential real estate | | 1,143 | (260) | 883 | | | | | | Total | $ | 4,691 | (2,629) | 2,062 | | With allowance recorded: | | Commercial real estate: | | | | | | | | | Owner occupied | | 854 | — | 854 | | | 110 | | Other | | 592 | — | 592 | | | 92 | | | Total commercial real estate | | 1,446 | — | 1,446 | | | 202 | | | Total | $ | 1,446 | — | 1,446 | | $ | 202 | | | Total impaired loans | $ | 6,137 | (2,629) | 3,508 | | $ | 202 | | | | | | | | | | | | | | (1) Unpaid principal balance represents the contractual obligation due from the customer. | (2) Charge-offs and payments applied represents cumulative charge-offs taken, as well as interest payments that have been | | applied against the outstanding principal balance subsequent to the loans being placed on nonaccrual status. | (3) Recorded investment represents the unpaid principal balance less charge-offs and payments applied; it is shown before | | any related allowance for loan losses. |
| | | | | | | December 31, 2013 | (In thousands) | | Unpaid principal balance (1) | Charge-offs and payments applied (2) | Recorded investment (3) | | | Related allowance | With no allowance recorded: | Commercial and industrial | $ | 124 | — | 124 | | | | Construction and land development | | 2,879 | (1,682) | 1,197 | | | | Commercial real estate: | | | | | | | | | Owner occupied | | 1,217 | (190) | 1,027 | | | | | Other | | 518 | (89) | 429 | | | | | | Total commercial real estate | | 1,735 | (279) | 1,456 | | | | Residential real estate: | | | | | | | | | Consumer mortgages | | 952 | (198) | 754 | | | | | Investment property | | 207 | (35) | 172 | | | | | | Total residential real estate | | 1,159 | (233) | 926 | | | | | | Total | $ | 5,897 | (2,194) | 3,703 | | With allowance recorded: | | Construction and land development | | 452 | (67) | 385 | | | 88 | Commercial real estate: | | | | | | | | | Owner occupied | | 875 | — | 875 | | | 110 | | Other | | 602 | — | 602 | | | 62 | | | Total commercial real estate | | 1,477 | — | 1,477 | | | 172 | | | Total | $ | 1,929 | (67) | 1,862 | | $ | 260 | | | Total impaired loans | $ | 7,826 | (2,261) | 5,565 | | $ | 260 | | | | | | | | | | | | | | (1) Unpaid principal balance represents the contractual obligation due from the customer. | (2) Charge-offs and payments applied represents cumulative charge-offs taken, as well as interest payments that have been | | applied against the outstanding principal balance subsequent to the loans being placed on nonaccrual status. | (3) Recorded investment represents the unpaid principal balance less charge-offs and payments applied; it is shown before | | any related allowance for loan losses. |
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ScheduleOfAverageImpairedFinancingReceivableTableTextBlock |
| | | | | | | Quarter ended September 30, 2014 | | Nine months ended September 30, 2014 | | | | | | | | Average | | Total interest | | Average | | Total interest | | | | | | | | recorded | | income | | recorded | | income | (In thousands) | | investment | | recognized | | investment | | recognized | Impaired loans: | Commercial and industrial | $ | 88 | | 2 | | 105 | | 6 | Construction and land development | | 730 | | — | | 1,159 | | — | Commercial real estate: | | | | | | | | | | Owner occupied | | 1,129 | | 9 | | 1,367 | | 31 | | Other | | 801 | | 4 | | 935 | | 20 | | | Total commercial real estate | | 1,930 | | 13 | | 2,302 | | 51 | Residential real estate: | | | | | | | | | | Consumer mortgages | | 716 | | 5 | | 752 | | 5 | | Investment property | | 162 | | — | | 166 | | — | | | Total residential real estate | | 878 | | 5 | | 918 | | 5 | | | Total | $ | 3,626 | | 20 | | 4,484 | | 62 |
| | | | | | | Quarter ended September 30, 2013 | | Nine months ended September 30, 2013 | | | | | | | | Average | | Total interest | | Average | | Total interest | | | | | | | | recorded | | income | | recorded | | income | (In thousands) | | investment | | recognized | | investment | | recognized | Impaired loans: | Commercial and industrial | $ | 139 | | 2 | | 152 | | 7 | Construction and land development | | 1,596 | | — | | 1,608 | | — | Commercial real estate: | | | | | | | | | | Owner occupied | | 1,927 | | 13 | | 1,993 | | 42 | | Other | | 832 | | 4 | | 1,581 | | 4 | | | Total commercial real estate | | 2,759 | | 17 | | 3,574 | | 46 | Residential real estate: | | | | | | | | | | Consumer mortgages | | 776 | | — | | 801 | | — | | Investment property | | 231 | | — | | 323 | | — | | | Total residential real estate | | 1,007 | | — | | 1,124 | | — | | | Total | $ | 5,501 | | 19 | | 6,458 | | 53 |
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Troubled Debt Restructurings on Financing Receivables [Table Text Block] |
| | | | | | | TDRs | | | | | | | | | | | | | Related | (In thousands) | | Accruing | Nonaccrual | Total | | | Allowance | September 30, 2014 | | | | | | | | Commercial and industrial | $ | 83 | — | 83 | | $ | — | Construction and land development | | — | 615 | 615 | | | — | Commercial real estate: | | | | | | | | | Owner occupied | | 854 | 272 | 1,126 | | | 110 | | Other | | 592 | 209 | 801 | | | 92 | | | Total commercial real estate | | 1,446 | 481 | 1,927 | | | 202 | Residential real estate: | | | | | | | | | Consumer mortgages | | 723 | — | 723 | | | — | | Investment property | | — | 160 | 160 | | | — | | | Total residential real estate | | 723 | 160 | 883 | | | — | | | Total | $ | 2,252 | 1,256 | 3,508 | | $ | 202 |
December 31, 2013 | | | Commercial and industrial | $ | 124 | — | 124 | | $ | — | Construction and land development | | — | 1,582 | 1,582 | | | 88 | Commercial real estate: | | | | | | | | | Owner occupied | | 875 | 285 | 1,160 | | | 110 | | Other | | 602 | 429 | 1,031 | | | 62 | | | Total commercial real estate | | 1,477 | 714 | 2,191 | | | 172 | Residential real estate: | | | | | | | | | Consumer mortgages | | — | 754 | 754 | | | — | | Investment property | | — | 172 | 172 | | | — | | | Total residential real estate | | — | 926 | 926 | | | — | | | Total | $ | 1,601 | 3,222 | 4,823 | | $ | 260 |
| | | | | | Quarter ended September 30, | | | Nine months ended September 30, | | | | | | | | | | Pre- | | Post - | | | | | | Pre- | | Post - | | | | | | | | | | modification | | modification | | | | | | modification | | modification | | | | | | | Number | | | outstanding | | outstanding | | | Number | | | outstanding | | outstanding | | | | | | | of | | | recorded | | recorded | | | of | | | recorded | | recorded | (Dollars in thousands) | contracts | | | investment | | investment | | | contracts | | | investment | | investment | 2014: | | | | | | | | | | | | | | Commercial real estate: | | | | | | | | | | | | | | | | Other | 1 | | $ | 590 | | 592 | | | 1 | | $ | 590 | | 592 | | | Total commercial real estate | 1 | | | 590 | | 592 | | | 1 | | | 590 | | 592 | Residential real estate: | | | | | | | | | | | | | | | | Consumer mortgages | 1 | | | 712 | | 712 | | | 1 | | | 712 | | 712 | | | Total residential real estate | 1 | | | 712 | | 712 | | | 1 | | | 712 | | 712 | | | Total | 2 | | $ | 1,302 | | 1,304 | | | 2 | | $ | 1,302 | | 1,304 | 2013: | | | | | | | | | | | | | | Commercial real estate: | | | | | | | | | | | | | | | | Owner occupied | 1 | | $ | 882 | | 882 | | | 1 | | $ | 882 | | 882 | | Other | 1 | | | 606 | | 610 | | | 2 | | | 1,037 | | 1,041 | | | Total commercial real estate | 2 | | | 1,488 | | 1,492 | | | 3 | | | 1,919 | | 1,923 | Residential real estate: | | | | | | | | | | | | | | | | Consumer mortgages | 1 | | | 678 | | 674 | | | 2 | | | 808 | | 804 | | | Total residential real estate | 1 | | | 678 | | 674 | | | 2 | | | 808 | | 804 | | | Total | 3 | | $ | 2,166 | | 2,166 | | | 5 | | $ | 2,727 | | 2,727 |
| | | | | | Quarter ended September 30, | | | Nine months Ended September 30, | | | | | | | Number of | | | Recorded | | | | Number of | | | Recorded | | (Dollars in thousands) | Contracts | | | investment(1) | | | | Contracts | | | investment(1) | | 2014: | | | | | | | | | | | | | Commerical real estate: | | | | | | | | | | | | | | Owner occupied | 1 | | $ | 272 | | | | 1 | | $ | 272 | | | | Total commercial real estate | 1 | | | 272 | | | | 1 | | | 272 | | | | Total | 1 | | $ | 272 | | | | 1 | | $ | 272 | | | | | | | | | | | | | | | | | | | | 2013: | | | | | | | | | | | | | Construction and land development | — | | $ | — | | | | 1 | | $ | 1,197 | | Commerical real estate: | | | | | | | | | | | | | | Other | 1 | | | 426 | | | | 1 | | | 426 | | | | Total commercial real estate | 1 | | | 426 | | | | 1 | | | 426 | | | | Total | 1 | | $ | 426 | | | | 2 | | $ | 1,623 | | (1) Amount as of applicable month end during the respective period for which there was a payment default. | |
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