Loans And Leases, Net (Tables)

12 Months Ended

Dec. 31, 2014


	2014		2013
Mortgage loans on real estate:		(in thousands)
Residential Mortgages	$	98,374	$	94,027
Commercial and multi-family		363,252		361,247
Construction-Residential		721		1,509
Construction-Commercial		40,986		23,902
Home equities		59,948		57,228
Total real estate loans		563,281		537,913

Commercial and industrial loans		129,456		106,952
Consumer loans		1,764		938
Other		404		323
Net deferred loan origination costs		759		870
Total gross loans		695,664		646,996

Allowance for loan losses		(12,533)		(11,503)

Loans, net	$	683,131	$	635,493

Changes In The Allowance For Loan And Lease Losses


	2014		2013		2012
	(in thousands)
Balance, beginning of year	$	11,503	$	9,732	$	11,495
Provisions for loan and lease losses		1,229		1,540		(68)
Recoveries		863		942		225
Loans and leases charged off		(1,062)		(711)		(1,920)
Balance, end of year	$	12,533	$	11,503	$	9,732

Summary Of The Allowance For Loan And Lease Losses By Management Level Segments


2014

(in thousands)	Commercial and Industrial		Commercial Real Estate Mortgages*		Consumer **		Residential Mortgages*		HELOC		Direct Financing Leases		Unallocated		Total
Allowance for loan
and lease losses:
Beginning balance	$	4,489	$	4,912	$	37	$	1,038	$	878	$	-	$	149	$	11,503
Charge-offs		(957)		(57)		(46)		-		(2)		-		-		(1,062)
Recoveries		574		58		40		18		-		173		-		863
Provision		790		737		47		(115)		(57)		(173)		-		1,229
Ending balance	$	4,896	$	5,650	$	78	$	941	$	819	$	-	$	149	$	12,533

Allowance for loan
and lease losses:
Ending balance:
Individually evaluated
for impairment	$	988	$	274	$	48	$	3	$	-	$	-	$	-	$	1,313
Collectively evaluated
for impairment		3,908		5,376		30		938		819		-		149		11,220
Total	$	4,896	$	5,650	$	78	$	941	$	819	$	-	$	149	$	12,533

Loans and leases:
Ending balance:
Individually evaluated
for impairment	$	5,718	$	5,817	$	48	$	2,535	$	911	$	-	$	-	$	15,029
Collectively evaluated
for impairment		123,738		398,421		2,120		96,560		59,037		-		-		679,876
Total	$	129,456	$	404,238	$	2,168	$	99,095	$	59,948	$	-	$	-	$	694,905

Note: Loan and lease balances do not include $759 thousand in net deferred loan and lease originations as of December 31, 2014.

* includes construction loans

** includes other loans


2013

(in thousands)	Commercial and Industrial		Commercial Real Estate Mortgages*		Consumer **		Residential Mortgages*		HELOC		Direct Financing Leases		Unallocated		Total
Allowance for loan
and lease losses:
Beginning balance	$	3,617	$	4,493	$	18	$	662	$	746	$	47	$	149	$	9,732
Charge-offs		(20)		(460)		(64)		(39)		(128)		-		-		(711)
Recoveries		240		444		13		2		1		242		-		942
Provision		652		435		70		413		259		(289)		-		1,540
Ending balance	$	4,489	$	4,912	$	37	$	1,038	$	878	$	-	$	149	$	11,503

Allowance for loan
and lease losses:
Ending balance:
Individually evaluated
for impairment	$	1,187	$	216	$	20	$	47	$	39	$	-	$	-	$	1,509
Collectively evaluated
for impairment		3,302		4,696		17		991		839		-		149		9,994
Total	$	4,489	$	4,912	$	37	$	1,038	$	878	$	-	$	149	$	11,503

Loans and leases:
Ending balance:
Individually evaluated
for impairment	$	4,388	$	12,054	$	20	$	1,952	$	447	$	-	$	-	$	18,861
Collectively evaluated
for impairment		102,564		373,095		1,241		93,584		56,781		-		-		627,265
Total	$	106,952	$	385,149	$	1,261	$	95,536	$	57,228	$	-	$	-	$	646,126

Note: Loan and lease balances do not include $870 thousand in net deferred loan and lease originations as of December 31, 2013.

* includes construction loans

** includes other loans

Data, At The Class Level, Of Credit Quality Indicators Of Certain Loans And Leases


December 31, 2014
(in thousands)
Corporate Credit Exposure – By Credit Rating	Commercial Real Estate Construction		Commercial and Multi-Family Mortgages		Total Commercial Real Estate		Commercial and Industrial
3	$	29,421	$	299,798	$	329,219	$	83,789
4		10,492		50,691		61,183		30,223
5		1,073		7,853		8,926		8,662
6		-		4,757		4,757		6,613
7		-		153		153		169
Total	$	40,986	$	363,252	$	404,238	$	129,456


December 31, 2013
(in thousands)
Corporate Credit Exposure – By Credit Rating	Commercial Real Estate Construction		Commercial and Multi-Family Mortgages		Total Commercial Real Estate		Commercial and Industrial
3	$	19,086	$	297,819	$	316,905	$	78,294
4		3,283		47,584		50,867		15,194
5		-		4,028		4,028		9,468
6		1,533		11,479		13,012		3,744
7		-		337		337		252
Total	$	23,902	$	361,247	$	385,149	$	106,952

Recorded Investment In Loans And Leases Past Due


December 31, 2014
(in thousands)
															Non-accruing
							Total Past		Current		Total		90+ Days		Loans and
	30-59 days		60-89 days		90+ days		Due		Balance		Balance		Accruing		Leases

Commercial and
industrial	$	153	$	60	$	274	$	487	$	128,969	$	129,456	$	-	$	5,500
Residential real estate:
Residential		848		158		682		1,688		96,686		98,374		-		1,296
Construction		-		-		-		-		721		721		-		-

Commercial real estate:
Commercial		4,201		3,115		513		7,829		355,423		363,252		-		3,162
Construction		8		-		201		209		40,777		40,986		201		-
Home equities		594		120		192		906		59,042		59,948		-		415
Direct financing leases		-		-		-		-		-		-		-		-
Consumer		13		1		-		14		1,750		1,764		-		17
Other		-		-		-		-		404		404		-		-
Total Loans	$	5,817	$	3,454	$	1,862	$	11,133	$	683,772	$	694,905	$	201	$	10,390


December 31, 2013
(in thousands)
															Non-accruing
							Total Past		Current		Total		90+ Days		Loans and
	30-59 days		60-89 days		90+ days		Due		Balance		Balance		Accruing		Leases

Commercial and
industrial	$	197	$	447	$	358	$	1,002	$	105,950	$	106,952	$	-	$	2,970
Residential real estate:
Residential		392		72		915		1,379		92,648		94,027		-		1,376
Construction		-		-		-		-		1,509		1,509		-		-

Commercial real estate:
Commercial		6,976		1,050		75		8,101		353,146		361,247		-		8,873
Construction		-		-		-		-		23,902		23,902		-		-
Home equities		100		267		76		443		56,785		57,228		-		447
Direct financing leases		1		2		47		50		-		-		-		47
Consumer		1		21		-		22		916		938		-		20
Other		-		-		-		-		323		323		-		-
Total Loans	$	7,667	$	1,859	$	1,471	$	10,997	$	635,179	$	646,126	$	-	$	13,733

Impaired Loans And Leases




		At December 31, 2014
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
With no related allowance recorded:		(in thousands)
Commercial and industrial	$	1,017	$	1,022	$	-	$	1,096	$	9	$	66

Residential real estate:
Residential		2,264		2,435		-		2,271		37		68
Construction		-		-		-		-		-		-

Commercial real estate:
Commercial		2,103		2,208		-		2,139		33		91
Construction		1,074		1,074		-		1,169		-		44

Home equities		911		950		-		917		17		22

Direct financing leases		-		-		-		-		-		-

Consumer		-		-		-		-		-		-

Other		-		-		-		-		-		-

Total impaired loans and leases	$	7,369	$	7,689	$	-	$	7,592	$	96	$	291



		At December 31, 2014
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
With a related allowance recorded:		(in thousands)
Commercial and industrial	$	4,701	$	4,734	$	988	$	4,701	$	64	$	234

Residential real estate:
Residential		271		285		3		271		20		-
Construction		-		-		-		-		-		-

Commercial real estate:
Commercial		2,640		2,785		274		2,708		96		50
Construction		-		-		-		-		-		-

Home equities		-		-		-		-		-		-

Direct financing leases		-		-		-		-		-		-

Consumer		48		60		48		49		5		6

Other		-		-		-		-		-		-

Total impaired loans and leases	$	7,660	$	7,864	$	1,313	$	7,729	$	185	$	290



		At December 31, 2014
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
Total:		(in thousands)
Commercial and industrial	$	5,718	$	5,756	$	988	$	5,797	$	73	$	300
		-		-		-		-		-		-
Residential real estate:
Residential		2,535		2,720		3		2,542		57		68
Construction		-		-		-		-		-		-
		-		-		-		-		-		-
Commercial real estate:
Commercial		4,743		4,993		274		4,847		129		141
Construction		1,074		1,074		-		1,169		-		44
		-		-		-		-		-		-
Home equities		911		950		-		917		17		22
		-		-		-		-		-		-
Direct financing leases		-		-		-		-		-		-
		-		-		-		-		-		-
Consumer		48		60		48		49		5		6
		-		-		-		-		-		-
Other		-		-		-		-		-		-

Total impaired loans and leases	$	15,029	$	15,553	$	1,313	$	15,321	$	281	$	581




		At December 31, 2013
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
With no related allowance recorded:		(in thousands)
Commercial and industrial	$	1,247	$	1,352	$	-	$	1,405	$	100	$	59

Residential real estate:
Residential		1,331		1,460		-		1,388		61		9
Construction		-		-		-		-		-		-

Commercial real estate:
Commercial		9,937		10,288		-		9,832		302		109
Construction		599		599		-		707		-		26

Home equities		408		438		-		402		19		4

Direct financing leases		26		27		-		29		-		-

Consumer		-		-		-		-		-		-

Other		-		-		-		-		-		-

Total impaired loans and leases	$	13,548	$	14,164	$	-	$	13,763	$	482	$	207



		At December 31, 2013
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
With a related allowance recorded:		(in thousands)
Commercial and industrial	$	3,141	$	3,191	$	1,187	$	3,577	$	60	$	108

Residential real estate:
Residential		621		624		47		622		10		27
Construction		-		-		-		-		-		-

Commercial real estate:
Commercial		584		650		70		604		6		26
Construction		934		934		146		934		-		33

Home equities		39		39		39		39		-		2

Direct financing leases		-		-		-		-		-		-

Consumer		20		29		20		11		3		2

Other		-		-		-		-		-		-

Total impaired loans and leases	$	5,339	$	5,467	$	1,509	$	5,787	$	79	$	198



		At December 31, 2013
		Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Foregone		Interest Income Recognized
Total:		(in thousands)
Commercial and industrial	$	4,388	$	4,543	$	1,187	$	4,982	$	160	$	167
		-		-		-		-		-		-
Residential real estate:
Residential		1,952		2,084		47		2,010		71		36
Construction		-		-		-		-		-		-
		-		-		-		-		-		-
Commercial real estate:
Commercial		10,521		10,938		70		10,436		308		135
Construction		1,533		1,533		146		1,641		-		59
		-		-		-		-		-		-
Home equities		447		477		39		441		19		6
		-		-		-		-		-		-
Direct financing leases		26		27		-		29		-		-
		-		-		-		-		-		-
Consumer		20		29		20		11		3		2
		-		-		-		-		-		-
Other		-		-		-		-		-		-

Total impaired loans and leases	$	18,887	$	19,631	$	1,509	$	19,550	$	561	$	405

Non-Accrual Loans And Leases And Loans And Leases 90 Days Or More Past Due




	December 31, 2014			December 31, 2013
		(in thousands)
Non-accruing loans and leases:
Commercial and industrial loans	$	5,500		$	2,970
Residential real estate:
Residential		1,296			1,376
Construction		-			-
Commercial real estate:
Commercial and multi-family		3,162			8,873
Construction		-			-
Home equities		415			447
Direct financing leases		-			47
Consumer loans		17			20
Other		-			-
Total non-accruing loans and leases	$	10,390		$	13,733

Accruing loans 90+ days past due		201			-
Total non-performing loans and leases	$	10,591		$	13,733

Total non-performing loans and leases
to total assets		1.25	%		1.65	%
Total non-performing loans and leases
to total loans and leases		1.52	%		2.12	%

Troubled Debt Restructured Loans And Leases




		December 31, 2014
		($ in thousands)

		Total		Nonaccruing		Accruing		Related Allowance
Commercial and industrial	$	492	$	274	$	218	$	173

Residential real estate:
Residential		1,833		594		1,239		-
Construction		-		-		-		-

Commercial real estate:
Commercial and multi family		2,428		847		1,581		33
Construction		1,074		-		1,074		-

Home equities		728		233		495		-
Direct financing leases		-		-		-		-
Consumer loans		31		-		31		31
Other		-		-		-		-

Total troubled restructured loans and leases	$	6,586	$	1,948	$	4,638	$	237



		December 31, 2013
		($ in thousands)

		Total		Nonaccruing		Accruing		Related Allowance
Commercial and industrial	$	4,262	$	2,903	$	1,359	$	983

Residential real estate:
Residential		1,031		454		577		-
Construction		-		-		-		-

Commercial real estate:
Commercial and multi family		10,211		8,563		1,648		33
Construction		1,533		-		1,533		-
								-
Home equities		56		56		-		-
Direct financing leases		26		12		14		-
Consumer loans		-		-		-		-
Other		-		-		-		-

Total troubled restructured loans and leases	$	17,119	$	11,988	$	5,131	$	1,016

Troubled Debt Restructurings Activity



	Year ended December 31, 2014					Year ended December 31, 2013
	($ in thousands)					($ in thousands)

Troubled Debt Restructurings by Type of Concession	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment

Commercial and Industrial:
Deferral of principal	1	$	16	$	16	6	$	2,400	$	2,400
Interest rate reduction	-		-		-	2		330		330
Extension of maturity and
interest rate reduction	-		-		-	5		361		361
Combination of concessions	-		-		-	1		250		250
Residential Real Estate & Construction:
Extension of maturity	2		615		615	4		583		583
Extension of maturity and
interest rate reduction	1		208		208	-		-		-
Commercial Real Estate & Construction:
Deferral of principal	-		-		-	2		6,438		7,963
Extension of maturity	-		-		-	2		739		739
Extension of maturity and
interest rate reduction	1		250		250	-		-		-
Home Equities:
Extension of maturity	9		592		592	-		-		-
Extension of maturity and
interest rate reduction	2		84		84	1		136		136
Term out line of credit	-		-		-	1		57		57
Consumer loans
Rate reduction	1		31		31	-		-		-
Other	-		-		-	-		-		-

Troubled Debt Restructurings On Financing Receivables That Subsequently Defaulted




	Year Ended December 31, 2014			Year Ended December 31, 2013
	($ in thousands)			($ in thousands)
Troubled Debt Restructurings	Number of	Recorded		Number of	Recorded
That Subsequently Defaulted	Contracts	Investment		Contracts	Investment
Commercial and Industrial	3	$	191	7	$	224
Residential Real Estate:
Residential	-		-	-		-
Construction	-		-	-		-
Commercial Real Estate:
Commercial and Multi-Family	1		250	1		160
Construction	-		-	-		-
Home Equities	1		54	-		-
Direct financing leases	-		-	-		-
Consumer loans	-		-	-		-
Other	-		-	-		-