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Loan Portfolio (Tables)
 6 Months Ended
Jun. 30, 2012
Loan Portfolio [Abstract]  
Consolidated loan portfolio
The Company segregates its loan portfolio into three primary loan segments:  Real Estate Loans, Commercial Loans, and Consumer Loans.  Real estate loans are further segregated into the following classes: construction loans, loans secured by farmland, loans secured by 1-4 family residential real estate, and other real estate loans.  Other real estate loans include commercial real estate loans.  The consolidated loan portfolio was composed of the following on the dates indicated:


   
June 30, 2012
 
December 31, 2011
   
Outstanding
Balance
  
Percent of
Total Portfolio
 
Outstanding
Balance
  
Percent of
Total Portfolio
   
(In Thousands)
    
(In Thousands)
   
Real estate loans:
          
Construction
 $49,390   7.2 % $42,208   6.3 %
Secured by farmland
  9,450   1.4 %  10,047   1.5 %
Secured by 1-4 family residential
  252,775   36.9 %  236,760   35.3 %
Other real estate loans
  263,124   38.4 %  275,428   41.0 %
Commercial loans
  98,681   14.4 %  94,427   14.1 %
Consumer loans
  12,490   1.8 %  12,523   1.8 %
    685,910   100.0 %  671,393   100.0 %
Less allowance for loan losses
  14,969       14,623     
Net loans
 $670,941      $656,770     
Past due loans by class of loans
The following table presents a contractual aging of the recorded investment in past due loans by class of loans as of June 30, 2012 and December 31, 2011.


   
June 30, 2012
        
(In thousands)
    
   
30-59 Days
Past Due
  
60-89 Days
Past Due
 
90 Days
Or Greater
 
Total Past
Due
 
Current
 
Total
Loans
Real estate loans:
             
Construction
 $143  $1,914  $1,972  $4,029  $45,361  $49,390 
Secured by farmland
  -   -   -   -   9,450   9,450 
Secured by 1-4 family residential
  805   1,661   3,131   5,597   247,178   252,775 
Other real estate loans
  371   1,061   6,439   7,871   255,253   263,124 
Commercial loans
  355   -   1,987   2,342   96,339   98,681 
Consumer loans
  119   -   51   170   12,320   12,490 
Total
 $1,793  $4,636  $13,580  $20,009  $665,901  $685,910 


   
December 31, 2011
        
(In thousands)
      
   
30-59 Days
Past Due
 
60-89 Days
Past Due
 
90 Days
Or Greater
 
Total Past
Due
 
Current
 
Total
Loans
Real estate loans:
                 
Construction
 
$
696
   
$
-
   
$
3,285
   
$
3,981
   
$
38,227
   
$
42,208
 
Secured by farmland
 
415
   
-
   
-
   
415
   
9,632
   
10,047
 
Secured by 1-4 family residential
 
2,036
   
1,721
   
7,639
   
11,396
   
225,364
   
236,760
 
Other real estate loans
 
6,079
   
1,736
   
1,466
   
9,281
   
266,147
   
275,428
 
Commercial loans
 
1,751
   
121
   
315
   
2,187
   
92,240
   
94,427
 
Consumer loans
 
23
   
-
   
-
   
23
   
12,500
   
12,523
 
Total
 
$
11,000
   
$
3,578
   
$
12,705
   
$
27,283
   
$
644,110
   
$
671,393
 

The following table presents the recorded investment in nonaccrual loans and loans past due 90 days or more and still accruing by class of loans as of June 30, 2012 and December 31, 2011:


   
June 30, 2012
 
December 31, 2011
   
Nonaccrual
 
Past due 90
days or more
and still accruing
 
Nonaccrual
 
Past due 90
days or more
and still accruing
   
(In Thousands)
Real estate loans:
           
Construction
 
$
1,954
   
$
94
   
$
3,804
   
$
86
 
Secured by 1-4 family residential
 
7,939
   
441
   
11,839
   
1,097
 
Other real estate loans
 
6,929
   
739
   
7,567
   
-
 
Commercial loans
 
1,980
   
46
   
2,136
   
50
 
Consumer loans
 
-
   
51
   
-
   
-
 
Total
 
$
18,802
   
$
1,371
   
$
25,346
   
$
1,233
 
Summary of loan classifications by class of loan
The following tables present a summary of loan classifications by class of loan as of June 30, 2012 and December 31, 2011:

 
June 30, 2012
         
(In Thousands)
       
 
Real Estate
Construction
 
Real Estate
Secured by
Farmland
 
Real Estate
Secured by 1-4
Family Residential
 
Other Real
Estate Loans
 
Commercial
 
Consumer
 
Total
Pass
$
27,570
   
$
8,640
   
$
227,475
   
$
221,577
   
$
92,571
   
$
12,125
   
$
589,958
 
Special Mention
15,818
   
199
   
10,917
   
24,623
   
3,135
   
78
   
54,770
 
Substandard
6,002
   
611
   
12,895
   
16,666
   
2,833
   
287
   
39,294
 
Doubtful
-
   
-
   
1,488
   
258
   
142
   
-
   
1,888
 
Loss
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Ending Balance
$
49,390
   
$
9,450
   
$
252,775
   
$
263,124
   
$
98,681
   
$
12,490
   
$
685,910
 

 
December 31, 2011
         
(In thousands)
       
 
Real Estate
Construction
 
Real Estate
Secured by
Farmland
 
Real Estate
Secured by 1-4
Family Residential
 
Other Real
Estate Loans
 
Commercial
 
Consumer
 
Total
Pass
$
22,250
   
$
9,235
   
$
207,332
   
$
239,156
   
$
87,731
   
$
12,448
   
$
578,152
 
Special Mention
5,764
   
199
   
10,773
   
23,434
   
4,127
   
61
   
44,358
 
Substandard
13,163
   
613
   
17,062
   
12,592
   
2,374
   
14
   
45,818
 
Doubtful
1,031
   
-
   
1,593
   
246
   
195
   
-
   
3,065
 
Loss
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Ending Balance
$
42,208
   
$
10,047
   
$
236,760
   
$
275,428
   
$
94,427
   
$
12,523
   
$
671,393
 
Loans identified as impaired by class of loan
The following table presents loans identified as impaired by class of loan as of and for the six months ended June 30, 2012:

   
June 30, 2012
      
(In thousands)
  
   
Recorded
Investment
  
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With no related allowance recorded:
           
Real estate loans:
           
Construction
 $1,617  $2,168  $-  $2,041  $- 
Secured by farmland
  -   -   -   -   - 
Secured by 1-4 family residential
  2,374   2,764   -   2,075   18 
Other real estate loans
  4,578   4,947   -   4,550   113 
Commercial loans
  1,789   1,789   -   1,770   - 
Consumer loans
  -   -   -   -   - 
Total with no related allowance
  10,358   11,668   -   10,436   131 
                      
With an allowance recorded:
                    
Real estate loans:
                    
Construction
  337   368   126   339   - 
Secured by farmland
  -   -   -   -   - 
Secured by 1-4 family residential
  6,858   7,731   2,398   7,065   17 
Other real estate loans
  5,145   5,188   1,049   5,188   51 
Commercial loans
  438   459   325   446   14 
Consumer loans
  -   -   -   -   - 
Total with a related allowance
  12,778   13,746   3,898   13,038   82 
Total
 $23,136  $25,414  $3,898  $23,474  $213 
 
The following table presents loans identified as impaired by class of loan as of and for the year ended December 31, 2011:


   
December 31, 2011
      
(In thousands)
  
   
Recorded
Investment
  
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With no related allowance recorded:
           
Real estate loans:
           
Construction
 $2,992  $3,652  $-  $3,948  $- 
Secured by farmland
  -   -   -   -     
Secured by 1-4 family residential
  3,978   4,656   -   4,424   7 
Other real estate loans
  4,732   4,775   -   5,729   95 
Commercial loans
  1,751   1,751   -   1,735   - 
Consumer loans
  -   -   -   -   - 
Total with no related allowance
  13,453   14,834   -   15,836   102 
                      
With an allowance recorded:
                    
Real estate loans:
                    
Construction
  812   842   328   812   - 
Secured by farmland
  -   -   -   -     
Secured by 1-4 family residential
  8,697   10,417   3,076   9,047   17 
Other real estate loans
  5,581   5,581   1,192   5,076   64 
Commercial loans
  656   678   502   662   14 
Consumer loans
  -   -   -   -   - 
Total with a related allowance
  15,746   17,518   5,098   15,597   95 
Total
 $29,199  $32,352  $5,098  $31,433  $197 
Loans modified in a TDR by class of loan
The following table presents by class of loan, information related to loans modified in a TDR during the three months ended June 30, 2012:


   Loans modified as TDR's
   For the three months ended
   June 30, 2012
Class of Loan
 Number of Contracts  
Pre-Modification Outstanding Recorded Investment
  
Post-Modification Outstanding Recorded Investment
   
(In thousands)
Real estate loans:
        
Construction
  -  $-  $- 
Secured by farmland
  -   -   - 
Secured by 1-4 family residential
  1   251   236 
Other real estate loans
  -   -   - 
Total real estate loans
  1   251   236 
Commercial loans
  -   -   - 
Consumer loans
  -   -   - 
Total
  1  $251  $236 
 
During the three months ended June 30, 2012, the Company modified one loan that was considered to be a TDR.  The interest rate was lowered and the term was extended for this loan.



   
Loans modified as TDR's
   
For the six months ended
   
June 30, 2012
Class of Loan
 
Number of Contracts
  
Pre-Modification Outstanding Recorded Investment
  
Post-Modification Outstanding Recorded Investment
   
(In thousands)
Real estate loans:
        
Construction
  -  $-  $- 
Secured by farmland
  -   -   - 
Secured by 1-4 family residential
  2   912   891 
Other real estate loans
  -   -   - 
Total real estate loans
  2   912   891 
Commercial loans
  -   -   - 
Consumer loans
  -   -   - 
Total
  2  $912  $891