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Loan and Allowance for Loan Loss (Tables)
9 Months Ended
Sep. 30, 2014
Loans And Leases Receivable Disclosure  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
September 30,December 31,
(In thousands)20142013
Commercial and industrial$52,868$57,780
Construction and land development34,18936,479
Commercial real estate:
Owner occupied51,83656,102
Other138,241118,818
Total commercial real estate190,077174,920
Residential real estate:
Consumer mortgage63,86357,871
Investment property42,69243,835
Total residential real estate106,555101,706
Consumer installment11,53512,893
Total loans395,224383,778
Less: unearned income(622)(439)
Loans, net of unearned income$394,602$383,339
Past Due Financing Receivables [Table Text Block]
AccruingAccruingTotal
30-89 DaysGreater thanAccruingNon-Total
(In thousands)CurrentPast Due90 daysLoansAccrualLoans
September 30, 2014:
Commercial and industrial$ 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
Allowance for Credit Losses on Financing Receivables [Table Text Block]
September 30, 2014
(In thousands)Commercial and industrialConstruction and land developmentCommercial real estateResidential real estateConsumer installmentTotal
Quarter ended:
Beginning balance$6399071,9131,095174$ 4,728
Charge-offs(287)(39)(326)
Recoveries351133 52
Net recoveries (charge-offs)351(274)(36)(274)
Provision for loan losses(5)(13)2226234300
Ending balance$ 669 895 1,935 1,083 172$ 4,754
Nine months ended:
Beginning balance$3863663,1861,114216$ 5,268
Charge-offs (46)(236)(358)(83)(723)
Recoveries71411810313 309
Net recoveries (charge-offs)25(232)118(255)(70)(414)
Provision for loan losses258761(1,369)22426(100)
Ending balance$ 669 895 1,935 1,083 172$ 4,754
September 30, 2013
(In thousands)Commercial and industrialConstruction and land developmentCommercial real estateResidential real estateConsumer installmentTotal
Quarter ended:
Beginning balance$6751,4543,1111,12592 6,457
Charge-offs (177)(144)(103)(137)$(561)
Recoveries231215$ 50
Net (charge-offs) recoveries(154)1(144)(82)(132)(511)
Provision for loan losses25(266)137(61)165$
Ending balance$5461,1893,104982125$5,946
Nine months ended:
Beginning balance$8121,5453,1371,126103$ 6,723
Charge-offs(245)(39)(262) (558)(199)(1,303)
Recoveries405  46215 126
Net charge-offs (205)(34)(258)(496)(184)(1,177)
Provision for loan losses(61)(322)225352206400
Ending balance$ 546 1,189 3,104 982 125$ 5,946
FinancingReceivableAllowanceforCreditLossAdditionalInformationTableTextBlock
Collectively evaluated (1)Individually evaluated (2)Total
AllowanceRecordedAllowanceRecordedAllowanceRecorded
for loaninvestmentfor loaninvestmentfor loaninvestment
(In thousands)lossesin loanslossesin loanslossesin 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.
Financing Receivable Credit Quality Indicators [Table Text Block]
(In thousands) Pass Special MentionSubstandard AccruingNonaccrualTotal 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
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$8383
Construction and land development2,829(2,214)615
Commercial real estate:
Owner occupied336(64)272
Other300(91)209
Total commercial real estate636(155)481
Residential real estate:
Consumer mortgages939(216)723
Investment property204(44)160
Total residential real estate1,143(260)883
Total $4,691 (2,629)2,062
With allowance recorded:
Commercial real estate:
Owner occupied854854110
Other59259292
Total commercial real estate1,4461,446202
Total $1,4461,446$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$124124
Construction and land development2,879 (1,682)1,197
Commercial real estate:
Owner occupied1,217 (190)1,027
Other518 (89)429
Total commercial real estate1,735(279)1,456
Residential real estate:
Consumer mortgages952 (198)754
Investment property207 (35)172
Total residential real estate1,159(233)926
Total $5,897(2,194)3,703
With allowance recorded:
Construction and land development452 (67)38588
Commercial real estate:
Owner occupied875875110
Other60260262
Total commercial real estate1,4771,477172
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.
ScheduleOfAverageImpairedFinancingReceivableTableTextBlock
Quarter ended September 30, 2014Nine months ended September 30, 2014
AverageTotal interestAverageTotal interest
recordedincomerecordedincome
(In thousands)investmentrecognizedinvestmentrecognized
Impaired loans:
Commercial and industrial$8821056
Construction and land development7301,159
Commercial real estate:
Owner occupied1,12991,36731
Other801493520
Total commercial real estate1,930132,30251
Residential real estate:
Consumer mortgages71657525
Investment property162166
Total residential real estate87859185
Total $ 3,626 20 4,484 62
Quarter ended September 30, 2013Nine months ended September 30, 2013
AverageTotal interestAverageTotal interest
recordedincomerecordedincome
(In thousands)investmentrecognizedinvestmentrecognized
Impaired loans:
Commercial and industrial$13921527
Construction and land development1,5961,608
Commercial real estate:
Owner occupied1,927131,99342
Other83241,5814
Total commercial real estate2,759173,57446
Residential real estate:
Consumer mortgages776801
Investment property231323
Total residential real estate1,0071,124
Total $ 5,501 19 6,458 53
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
TDRs
Related
(In thousands)AccruingNonaccrualTotalAllowance
September 30, 2014
Commercial and industrial$8383$
Construction and land development615615
Commercial real estate:
Owner occupied8542721,126110
Other59220980192
Total commercial real estate1,4464811,927202
Residential real estate:
Consumer mortgages723723
Investment property160160
Total residential real estate723160883
Total $2,2521,2563,508$202
December 31, 2013
Commercial and industrial$124124$
Construction and land development1,5821,58288
Commercial real estate:
Owner occupied8752851,160110
Other6024291,03162
Total commercial real estate1,4777142,191172
Residential real estate:
Consumer mortgages754754
Investment property172172
Total residential real estate926926
Total $1,6013,2224,823$260
Quarter ended September 30,Nine months ended September 30,
Pre-Post -Pre-Post -
modificationmodificationmodificationmodification
NumberoutstandingoutstandingNumberoutstandingoutstanding
ofrecordedrecordedofrecordedrecorded
(Dollars in thousands)contractsinvestmentinvestmentcontractsinvestmentinvestment
2014:
Commercial real estate:
Other1$5905921$590592
Total commercial real estate15905921590592
Residential real estate:
Consumer mortgages17127121712712
Total residential real estate17127121712712
Total 2$ 1,302 1,304 2$ 1,302 1,304
2013:
Commercial real estate:
Owner occupied1$8828821$882882
Other160661021,0371,041
Total commercial real estate21,4881,49231,9191,923
Residential real estate:
Consumer mortgages16786742808804
Total residential real estate16786742808804
Total 3$ 2,166 2,166 5$ 2,727 2,727
Quarter ended September 30,Nine months Ended September 30,
Number ofRecordedNumber ofRecorded
(Dollars in thousands)Contractsinvestment(1)Contractsinvestment(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.