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Loans, Net (Tables)
 12 Months Ended
Dec. 31, 2012
Loans, Net [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:


 
2012
 
2011
 
Outstanding
Balance
 
Percent of
Total Portfolio
 
Outstanding
Balance
 
Percent of
Total Portfolio
 
(In Thousands)
 
Real estate loans:
             
Construction
$
50,218
   
7.1
%
 
$
42,208
   
6.3
%
Secured by farmland
11,876
   
1.7
   
10,047
   
1.5
 
Secured by 1-4 family residential
260,620
   
36.7
   
236,760
   
35.3
 
Other real estate loans
254,930
   
35.9
   
275,428
   
41.0
 
Commercial loans
118,573
   
16.8
   
94,427
   
14.1
 
Consumer loans
13,260
   
1.8
   
12,523
   
1.8
 
Total Gross Loans (1)
709,477
   
100.0
%
 
671,393
   
100.0
%
Less allowance for loan losses
14,311
       
14,623
     
Net loans
$
695,166
       
$
656,770
     

(1)
Gross loan balances at December 31, 2012 and 2011 are net of deferred loan costs of $2.1 million and $1.9 million respectively.
Past due loans by class of loans
The following tables present a contractual aging of the recorded investment in past due loans by class of loans as of December 31, 2012 and December 31, 2011.

(In Thousands)
   
December 31, 2012
   
 
30-59 Days Past Due
 
60-89 Days Past Due
 
90 Days Or Greater
 
Total Past Due
 
Current
 
Total Loans
Real estate loans:
                     
Construction
$
—
   
$
108
   
$
2,043
   
$
2,151
   
$
48,067
   
$
50,218
 
Secured by farmland
415
   
—
   
—
   
415
   
11,461
   
11,876
 
Secured by 1-4 family residential
1,625
   
568
   
1,910
   
4,103
   
256,517
   
260,620
 
Other real estate loans
197
   
361
   
6,112
   
6,670
   
248,260
   
254,930
 
Commercial loans
—
   
44
   
144
   
188
   
118,385
   
118,573
 
Consumer loans
27
   
10
   
32
   
69
   
13,191
   
13,260
 
Total
$
2,264
   
$
1,091
   
$
10,241
   
$
13,596
   
$
695,881
   
$
709,477
 


(In Thousands)
   
December 31, 2011
   
 
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 ninety days or more and still accruing by class of loans as of December 31 of the indicated year:


 
2012
 
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
$
2,861
   
$
780
   
$
3,804
   
$
86
 
Secured by 1-4 family residential
8,761
   
228
   
11,839
   
1,097
 
Other real estate loans
7,866
   
—
   
7,567
   
—
 
Commercial loans
2,146
   
34
   
2,136
   
50
 
Consumer loans
30
   
2
   
—
   
—
 
Total
$
21,664
   
$
1,044
   
$
25,346
   
$
1,233
 

Summary of loan classifications by class of loan
The following tables present the recorded investment in loans by class of loan that have been classified according to the internal classification system as of December 31 of the indicated year:


December 31, 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
$
29,741
 
$
11,068
   
$
237,121
   
$
228,052
   
$
112,298
   
$
13,134
   
$
631,414
 
Special Mention
15,540
 
199
   
3,767
   
12,949
   
3,332
   
47
   
35,834
 
Substandard
3,902
 
609
   
18,333
   
12,887
   
2,831
   
49
   
38,611
 
Doubtful
1,035
 
—
   
1,399
   
1,042
   
112
   
30
   
3,618
 
Loss
—
 
—
   
—
   
—
   
—
   
—
   
—
 
Ending Balance
$
50,218
 
$
11,876
   
$
260,620
   
$
254,930
   
$
118,573
   
$
13,260
   
$
709,477
 



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 tables present loans individually evaluated for impairment by class of loan as of and for the year ended December 31, 2012 and 2011:


 
December 31, 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
$
1,819
   
$
2,370
   
$
—
   
$
2,543
   
$
—
 
Secured by farmland
—
   
—
   
—
   
—
   
—
 
Secured by 1-4 family residential
3,248
   
3,667
   
—
   
3,712
   
50
 
Other real estate loans
3,135
   
3,178
   
—
   
3,141
   
91
 
Commercial loans
1,947
   
1,947
   
—
   
1,924
   
—
 
Consumer loans
—
   
—
   
—
   
—
   
—
 
Total with no related allowance
$
10,149
   
$
11,162
   
$
—
   
$
11,320
   
$
141
 
With an allowance recorded:
                 
Real estate loans:
                 
Construction
$
1,150
   
$
2,250
   
$
166
   
$
1,685
   
$
—
 
Secured by farmland
—
   
—
   
—
   
—
     
Secured by 1-4 family residential
7,544
   
8,203
   
2,724
   
7,842
   
65
 
Other real estate loans
7,505
   
7,605
   
1,045
   
7,691
   
73
 
Commercial loans
417
   
464
   
338
   
446
   
14
 
Consumer loans
30
   
30
   
30
   
30
   
—
 
Total with a related allowance
$
16,646
   
$
18,552
   
$
4,303
   
$
17,694
   
$
152
 
Total
$
26,795
   
$
29,714
   
$
4,303
   
$
29,014
   
$
293
 
 


 
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 TDR by class of loan
The following tables present by class of loan, information related to loans modified in a TDR during the years ended December 31, 2012 and December 31, 2011:
 
   
Loans modified as TDR's
   
For the year ended
   
December 31, 2012
Class of Loan
 
Number of Contracts
 
Pre-Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
       
(In thousands)
 
(In thousands)
Real estate loans:
           
Construction
 
1
   
$
109
   
$
108
 
Secured by farmland
 
—
   
—
   
—
 
Secured by 1-4 family residential
 
11
   
3,955
   
3,665
 
Other real estate loans
 
2
   
1,745
   
1,418
 
Total real estate loans
 
14
   
5,809
   
5,191
 
             
Commercial loans
 
1
   
90
   
61
 
Consumer loans
 
—
   
—
   
—
 
Total
 
15
   
$
5,899
   
$
5,252
 

 
   
Loans modified as TDR's
   
For the year ended
   
December 31, 2011
Class of Loan
 
Number of Contracts
 
Pre-Modification Outstanding Recorded Investment
 
Post-Modification Outstanding Recorded Investment
       
(In thousands)
 
(In thousands)
Real estate loans:
           
Construction
 
—
   
$
—
   
$
—
 
Secured by farmland
 
—
   
—
   
—
 
Secured by 1-4 family residential
 
5
   
726
   
718
 
Other real estate loans
 
7
   
7,623
   
7,667
 
Total real estate loans
 
12
   
8,349
   
8,385
 
             
Commercial loans
 
4
   
271
   
271
 
Consumer loans
 
—
   
—
   
—
 
Total
 
16
   
$
8,620
   
$
8,656