Loans Receivable (Tables)

3 Months Ended

Mar. 31, 2013

Loans Receivable [Abstract]

Schedule of loans receivable

	March 31,			December 31,
(In thousands)	2013			2012
Mortgage loans:
Residential real estate
Single family	$	331,097		$	326,005
Multi family		34,836			33,472
Construction		45,740			46,418
Total residential real estate		411,673			405,895
Commercial real estate
Commercial		83,843			81,077
Construction		14,664			15,878
Total commercial real estate		98,507			96,955
Subtotal mortgage loans		510,180			502,850
Other loans:
Consumer loans
Home equity loans		80,409			80,418
Dealer auto and RV loans		46,861			46,571
Other loans		7,420			7,896
Total consumer loans		134,690			134,885
Commercial business		58,141			54,445
Subtotal other loans		192,831			189,330
Total loans receivable		703,011			692,180
Less:
Allowance for loan losses		6,721			6,709
Deferred loan fees and net discounts		(1,923	)		(1,862	)
Loans in process		16,940			15,247
Subtotal		21,738			20,094
Net loans receivable	$	681,273		$	672,086

Changes in allowance for loan losses and recorded investment in loans

As of March 31, 2013

(Dollar amounts in thousands)

	Commercial		Commercial Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Beginning balance	$	550	$	2,075	$	1,031	$	2,541	$	512	$	6,709
Charge-offs		—		—		146		10		—		156
Recoveries		—		—		18		—		—		18
Provision		14		50		25		61		—		150
Reallocations		—		—		—		—		—		—
Ending Balance	$	564	$	2,125	$	928	$	2,592	$	512	$	6,721

As of March 31, 2012

(Dollar amounts in thousands)

	Commercial		Commercial Real Estate			Consumer			Residential		Unallocated			Total
Allowance for loan losses:
Beginning balance	$	384	$	2,442		$	1,045		$	2,115	$	551		$	6,537
Charge-offs		—		—			107			39		—			146
Recoveries		—		—			25			17		—			42
Provision		—		—			—			200		—			200
Reallocations		22		(103	)		(8	)		147		(58	)		—
Ending Balance	$	406	$	2,339		$	955		$	2,440	$	493		$	6,633

As of March 31, 2013

(Dollar amounts in thousands)

	Commercial		Commercial Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Ending balance: individually evaluated for impairment	$	—	$	1,049	$	51	$	—	$	—	$	1,100
Ending balance: collectively evaluated for impairment	$	564	$	1,076	$	877	$	2,592	$	512	$	5,621
Loans Receivable:
Ending Balance	$	58,141	$	98,507	$	134,690	$	411,673	$	—	$	703,011
Ending balance: individually evaluated for impairment	$	—	$	13,055	$	386	$	2,237	$	—	$	15,678
Ending balance: collectively evaluated for impairment	$	58,141	$	85,452	$	134,304	$	409,436	$	—	$	687,333

As of December 31, 2012

(Dollar amounts in thousands)

	Commercial		Commercial Real Estate		Consumer		Residential		Unallocated		Total
Allowance for loan losses:
Ending balance: individually evaluated for impairment	$	—	$	1,110	$	54	$	—	$	—	$	1,164
Ending balance: collectively evaluated for impairment	$	550	$	965	$	977	$	2,541	$	512	$	5,545
Loans Receivable:
Ending Balance	$	54,445	$	96,955	$	134,885	$	405,895	$	—	$	692,180
Ending balance: individually evaluated for impairment	$	—	$	13,414	$	327	$	2,163	$	—	$	15,904
Ending balance: collectively evaluated for impairment	$	54,445	$	83,541	$	134,558	$	403,732	$	—	$	676,276

Schedule of credit exposures by internally assigned grades

As of March 31, 2013

(Dollar amounts in thousands)

	Residential Real Estate Multi - family		Residential Real Estate Construction		Commercial Real Estate Commercial		Commercial Real Estate Construction		Commercial
Pass	$	34,836	$	40,403	$	68,511	$	14,664	$	57,535
Special Mention		—		4,459		1,649		—		573
Substandard		—		878		13,683		—		33
Doubtful		—		—		—		—		—
Loss		—		—		—		—		—
Ending Balance	$	34,836	$	45,740	$	83,843	$	14,664	$	58,141

As of December 31, 2012

(Dollar amounts in thousands)

	Residential		Residential		Commercial		Commercial
	Real Estate		Real Estate		Real Estate		Real Estate
	Multi - family		Construction		Commercial		Construction		Commercial
Pass	$	33,472	$	41,138	$	65,696	$	15,878	$	53,883
Special Mention		—		4,477		1,334		—		527
Substandard		—		803		14,047		—		35
Doubtful		—		—		—		—		—
Loss		—		—		—		—		—
Ending Balance	$	33,472	$	46,418	$	81,077	$	15,878	$	54,445

Performing and nonperforming single family residential and consumer loans based on payment activity

As of March 31, 2013

(Dollar amounts in thousands)

	Residential Real Estate		Consumer		Dealer		Other
	Single Family		Home Equity		Auto and RV		Consumer
Performing	$	327,410	$	80,092	$	46,691	$	7,299
Nonperforming		3,687		317		170		121
Total	$	331,097	$	80,409	$	46,861	$	7,420

As of December 31, 2012

(Dollar amounts in thousands)

	Residential Real Estate		Consumer		Dealer		Other
	Single Family		Home Equity		Auto and RV		Consumer
Performing	$	322,662	$	80,124	$	46,450	$	7,787
Nonperforming		3,343		294		121		109
Total	$	326,005	$	80,418	$	46,571	$	7,896

Aging analysis of investment of past due loans receivable

(Dollar amounts in thousands)

As of March 31, 2013

													Recorded
													Investment >
	30-59 Days		60-89 Days		90 Days		Total Past				Total Loans		90 Days and
	Past Due		Past Due		Or Greater		Due		Current		Receivable		Accruing
Residential real estate
Single family	$	361	$	386	$	3,687	$	4,434	$	326,663	$	331,097	$	—
Construction		—		—		—		—		34,836		34,836		—
Multi-family		—		—		—		—		45,740		45,740		—
Commercial Real Estate
Commercial		78		507		3,035		3,620		80,223		83,843		—
Construction		—		—		—		—		14,664		14,664		—
Consumer
Consumer - home equity		94		—		189		283		80,126		80,409		—
Consumer - dealer auto and RV		365		118		158		641		46,220		46,861		—
Consumer - other		17		33		121		171		7,249		7,420		—
Commercial		60		—		36		96		58,045		58,141		—
Total	$	975	$	1,044	$	7,226	$	9,245	$	693,766	$	703,011	$	—

(Dollar amounts in thousands)

As of December 31, 2012

													Recorded
													Investment >
	30-59 Days		60-89 Days		90 Days		Total Past				Total Loans		90 Days and
	Past Due		Past Due		Or Greater		Due		Current		Receivable		Accruing
Residential real estate
Single family	$	887	$	420	$	3,343	$	4,650	$	321,355	$	326,005	$	—
Construction		—		—		—		—		46,418		46,418		—
Multi-family		—		—		—		—		33,472		33,472		—
Commercial Real Estate
Commercial		246		598		3,211		4,055		77,022		81,077		—
Construction		—		—		—		—		15,878		15,878		—
Consumer
Consumer - home equity		219		—		223		442		79,976		80,418		—
Consumer - dealer auto and RV		771		230		104		1,105		45,466		46,571		—
Consumer - other		70		12		109		191		7,705		7,896		—
Commercial		—		2		35		37		54,408		54,445		—
Total	$	2,193	$	1,262	$	7,025	$	10,480	$	681,700	$	692,180	$	—

Recorded investment and unpaid principal balances for impaired loans receivable

(Dollar amounts in thousands)

	March 31, 2013						December 31, 2012
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
	Investment		Balance		Allowance		Investment		Balance		Allowance
With no related allowance recorded:
Commercial real estate	$	5,135	$	5,242	$	—	$	5,433	$	5,540	$	—
Residential single family		1,359		1,359		—		1,360		1,360		—
Residential construction loans		878		878		—		803		803		—
Consumer loans
Home Equity		196		223		—		130		130		—
Dealer auto and RV		11		11		—		14		14		—
With an allowance recorded:
Commercial Real Estate		7,920		8,083		1,049		7,981		8,144		1,110
Consumer Loans:
Home Equity		174		151		47		179		179		50
Dealer auto and RV		4		4		4		4		4		4
Total:
Commercial Real Estate		13,055		13,325		1,049		13,414		13,684		1,110
Consumer		385		389		51		327		327		54
Residential single family		1,359		1,359		—		1,360		1,360		—
Residential construction		878		878		—		803		803		—
Total	$	15,677	$	15,951	$	1,100	$	15,904	$	16,174	$	1,164

Average recorded investment and interest income recognized on loans

(Dollar amounts in thousands)

	Three months ended				Three months ended
	March 31, 2013				March 31, 2012
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
With no related allowance recorded:
Commercial Real Estate	$	5,134	$	70	$	5,529	$	50
Commercial business loans		—		—		—		—
Residential single family		1,359		3		1,363		3
Residential construction loans		853		7
Consumer loans
Home equity		149		4
Dealer auto and RV		12		1
With an allowance recorded:
Commercial Real Estate		7,941		124		8,421		106
Commercial business loans		—		—		46		—
Residential single family		—		—		—
Consumer loans
Home equity		175		3		153		2
Dealer auto and RV		4		—		—		—
Total:
Commercial Real Estate	$	13,075	$	194	$	13,950	$	156
Commercial business loans		340		8		46		—
Residential single family		1,359		3		1,363		3
Residential construction loans		853		7
Consumer loans		—		—		153		2

Schedule of loans receivable on nonaccrual status

(Dollar amounts in thousands)	March 31,		December 31,
	2013		2012
Commercial	$	36	$	35
Commercial Real Estate		3,157		3,432
Consumer
Consumer - Home Equity		189		293
Consumer - Dealer auto and RV		158		121
Consumer - other		121		109
Residential		3,687		3,403
Total	$	7,348	$	7,393

Summery of information relating to troubled debt restructuring by class of loans

As of March 31, 2013

(Dollar amounts in thousands)

					Pre-Modification Recorded Investment
			Pre-Modification
			Outstanding
	Number of		Recorded		Maturity Date		Deferral of
	Contracts		Investment		Extension		Principal Payments		Other		Total
Troubled Debt Restructurings
Residential construction		—	$	—	$	—		—	$	—	$	—
Commerical real estate		1		43		—		—		43		43
Consumer
Home equity		3		76		76		—		—		76
Dealer auto and RV		—		—		—		—		—		—
Troubled Debt Restructurings		4	$	119	$	76		—	$	43	$	119

As of December 31, 2012

(Dollar amounts in thousands)

					Pre-Modification Recorded Investment
			Pre-Modification
			Outstanding
	Number of		Recorded		Maturity Date		Deferral of
	Contracts		Investment		Extension		Principal Payments		Other		Total
Troubled Debt Restructurings
Residential construction		4	$	1,053	$	1,053		—	$	—	$	1,053
Commerical real estate		2		198		198		—		—		198
Consumer
Home equity		7		168		168		—		—		168
Dealer auto and RV		4		18		18		—		—		18
Troubled Debt Restructurings		17	$	1,437	$	1,437		—	$	—	$	1,437