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Loan Portfolio (Tables)
 3 Months Ended
Mar. 31, 2013
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:
 
   
March 31, 2013
    
December 31, 2012
  
   
Outstanding
Balance
  
Percent of
Total Portfolio
 
Outstanding
Balance
  
Percent of
Total Portfolio
   
(In Thousands)
    
(In Thousands)
   
Real estate loans:
          
Construction
 $46,089   6.5 %  $50,218   7.1 % 
Secured by farmland
  11,805   1.7 %   11,876   1.7 % 
Secured by 1-4 family residential
  268,770   37.6 %   260,620   36.7 % 
Other real estate loans
  259,403   36.3 %   254,930   35.9 % 
Commercial loans
  116,021   16.2 %   118,573   16.7 % 
Consumer loans
  12,498   1.7 %   13,260   1.9 % 
    714,586   100.0 %   709,477   100.0 % 
Less allowance for loan losses
  13,508        14,311      
Net loans
 $701,078       $695,166      
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 March 31, 2013 and December 31, 2012.
 
 
March 31, 2013
        
(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
$
—
 
$
591
   
$
1,964
   
$
2,555
   
$
43,534
   
$
46,089
 
Secured by farmland
415
 
—
   
—
   
415
   
11,390
   
11,805
 
Secured by 1-4 family residential
796
 
244
   
2,308
   
3,348
   
265,422
   
268,770
 
Other real estate loans
391
 
194
   
4,648
   
5,233
   
254,170
   
259,403
 
Commercial loans
—
 
145
   
1,906
   
2,051
   
113,970
   
116,021
 
Consumer loans
23
 
2
   
42
   
67
   
12,431
   
12,498
 
Total
$
1,625
 
$
1,176
   
$
10,868
   
$
13,669
   
$
700,917
   
$
714,586
 
 
 
December 31, 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
$
—
 
$
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
 

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 March 31, 2013 and December 31, 2012:
 
 
March 31, 2013
 
December 31, 2012
 
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
$
2,790
 
$
268
   
$
2,861
   
$
780
 
Secured by 1-4 family residential
8,396
 
532
   
8,761
   
228
 
Other real estate loans
6,663
 
—
   
7,866
   
—
 
Commercial loans
2,140
 
—
   
2,146
   
34
 
Consumer loans
30
 
12
   
30
   
2
 
Total
$
20,019
 
$
812
   
$
21,664
   
$
1,044
 

Summary of loan classifications by class of loan
The following tables present a summary of loan classifications by class of loan as of March 31, 2013 and December 31, 2012:

 
March 31, 2013
        
(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
$
26,895
 
$
11,197
   
$
247,313
   
$
235,066
   
$
112,097
   
$
12,364
   
$
644,932
 
Special Mention
15,329
 
—
   
2,472
   
11,640
   
1,041
   
31
   
30,513
 
Substandard
3,344
 
608
   
17,718
   
12,455
   
2,794
   
63
   
36,982
 
Doubtful
521
 
—
   
1,267
   
242
   
89
   
40
   
2,159
 
Loss
—
 
—
   
—
   
—
   
—
   
—
   
—
 
Ending Balance
$
46,089
 
$
11,805
   
$
268,770
   
$
259,403
   
$
116,021
   
$
12,498
   
$
714,586
 

 
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
 
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 three months ended March 31, 2013:

 
March 31, 2013
  (In thousands)
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
With no related allowance recorded:
              
Real estate loans:
              
Construction
$
1,812
 
$
2,445
   
$
—
   
$
1,898
   
$
7
 
Secured by farmland
—
 
—
   
—
   
—
   
—
 
Secured by 1-4 family residential
3,798
 
4,215
   
—
   
3,888
   
37
 
Other real estate loans
2,509
 
2,552
   
—
   
2,529
   
93
 
Commercial loans
1,946
 
1,946
   
—
   
1,946
   
—
 
Consumer loans
—
 
—
   
—
   
—
   
—
 
Total with no related allowance
10,065
 
11,158
   
—
   
10,261
   
137
 
                
With an allowance recorded:
              
Real estate loans:
              
Construction
1,084
 
1,114
   
484
   
1,099
   
—
 
Secured by farmland
—
 
—
   
—
   
—
   
—
 
Secured by 1-4 family residential
6,379
 
6,914
   
2,035
   
6,407
   
51
 
Other real estate loans
6,915
 
6,915
   
964
   
6,940
   
71
 
Commercial loans
890
 
912
   
791
   
900
   
30
 
Consumer loans
30
 
30
   
30
   
30
   
—
 
Total with a related allowance
15,298
 
15,885
   
4,304
   
15,376
   
152
 
Total
$
25,363
 
$
27,043
   
$
4,304
   
$
25,637
   
$
289
 
 

 
The following table presents loans identified as impaired by class of loan as of and for the year ended December 31, 2012:

 
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
 

Loans modified in 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 March 31, 2013:

 
Loans modified as TDR's
 
For the three months ended
 
March 31, 2013
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
 
48,000
   
48,000
 
Other real estate loans
2
 
168,000
   
148,000
 
Total real estate loans
3
 
216,000
   
196,000
 
Commercial loans
—
 
—
   
—
 
Consumer loans
—
 
—
   
—
 
Total
3
 
$
216,000
   
$
196,000