Allowance for Loan Losses

6 Months Ended

Jun. 30, 2011

Allowance for Loan Losses [Abstract]

Allowance for Loan Losses

Note 5.                                Allowance for Loan Losses

The following tables present the balance in the allowance for loan losses and the recorded investment in loans by loan class and based on impairment evaluation method as of June 30, 2011 and December 31, 2010.  A rollforward of the changes in the allowance for loan losses balance by class of loan is also presented for the period ended June 30, 2011.

	June 30, 2011
				Real Estate		Real Estate
	Real Estate			Secured by		Secured by 1-4			Other Real
	Construction			Farmland		Family Residential			Estate Loans			Commercial			Consumer			Total
Allowance for loan losses:
Balance at December 31, 2010	$	4,684		$	107	$	3,965		$	4,771		$	1,055		$	385		$	14,967
Chargeoffs		(202	)		-		(947	)		(23	)		(82	)		(300	)		(1,554	)
Recoveries		24			-		12			49			20			14			119
Provision		(2,479	)		9		4,052			(460	)		383			36			1,541
Balance at June 30, 2011	$	2,027		$	116	$	7,082		$	4,337		$	1,376		$	135		$	15,073
Ending allowance balance:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	271		$	-	$	2,997		$	1,256		$	209		$	-		$	4,733
Collectively evaluated for impairment		1,756			116		4,085			3,081			1,167			135			10,340
Total ending allowance balance	$	2,027		$	116	$	7,082		$	4,337		$	1,376		$	135		$	15,073
Ending loan recorded investment balances:
Individually evaluated for impairment	$	4,076		$	-	$	17,967		$	8,417		$	1,950		$	-		$	32,410
Collectively evaluated for impairment		50,821			11,036		220,141			268,284			83,185			12,438			645,905
Total ending loans balance	$	54,897		$	11,036	$	238,108		$	276,701		$	85,135		$	12,438		$	678,315

	December 31, 2010 (In thousands)
			Real Estate		Real Estate
	Real Estate		Secured by		Secured by 1-4		Other Real
	Construction		Farmland		Family Residential		Estate Loans		Commercial		Consumer		Total
Ending allowance balance:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	1,876	$	-	$	1,099	$	2,010	$	108	$	239	$	5,332
Collectively evaluated for impairment		2,808		107		2,866		2,761		947		146		9,635
Total ending allowance balance	$	4,684	$	107	$	3,965	$	4,771	$	1,055	$	385	$	14,967
Ending recorded investment balances:
Individually evaluated for impairment	$	9,170	$	-	$	10,872	$	8,359	$	1,950	$	239	$	30,590
Collectively evaluated for impairment		58,940		11,532		231,748		259,903		54,435		12,164		628,722
Total ending loans balance	$	68,110	$	11,532	$	242,620	$	268,262	$	56,385	$	12,403	$	659,312

Changes in the allowance for loan losses for the year ended December 31, 2010 is summarized as follows:

				Year
				Ended
				December 31, 2010
Balance, beginning of year			$	9,185
Provision for loan losses				12,005
Charge-offs:
	Real estate loans:
		Construction		1,226
		Secured by 1-4 family residential		3,256
		Other real estate loans		460
	Commercial loans			942
	Consumer loans			500
		Total charge-offs	$	6,384
Recoveries:
	Real estate loans:
		Construction	$	-
		Secured by 1-4 family residential		37
		Other real estate loans		4
	Commercial loans			68
	Consumer loans			52
		Total recoveries	$	161
Net charge-offs				6,223
Balance, end of period			$	14,967