Loans (Tables)

6 Months Ended

Jun. 30, 2012

Classification Of Loans By Class [Table Text Block]


(In thousands)	June 30, 2012		December 31, 2011
SBA loans	$	66,469	$	71,843
SBA 504 loans		45,247		55,108
Commercial loans
Commercial other		28,134		26,542
Commercial real estate		271,542		246,824
Commercial real estate construction		10,655		9,738
Residential mortgage loans
Residential mortgages		128,652		123,843
Residential construction		-		2,205
Purchased residential mortgages		7,862		8,042
Consumer loans
Home equity		45,097		46,935
Consumer other		1,243		1,512
Total loans	$	604,901	$	592,592

Loan Portfolio By Class According To Their Credit Quality Indicators [Table Text Block]

The tables below detail the Company’s loan portfolio by class according to their credit quality indicators discussed in the paragraphs above as of June 30, 2012:

June 30, 2012

SBA, SBA 504 & Commercial loans - Internal risk ratings

(In thousands)

Pass

Special mention

Substandard

Total

66,469

45,247

28,134

Commercial real estate

216,243

43,031

12,268

271,542

Commercial real estate construction

9,775

880

10,655

Total commercial loans

247,247

46,078

17,006

310,331

Total SBA, SBA 504 and commercial loans

329,873

59,573

32,601

422,047

Residential mortgage & Consumer loans - Performing/Nonperforming

(In thousands)

Performing

Nonperforming

Total

Residential mortgage loans

Residential mortgages

127,168

1,484

128,652

Purchased residential mortgages

4,693

3,169

7,862

Total residential mortgage loans

136,514

45,097

1,243

46,340

604,901

The tables below detail the Company’s loan portfolio by class according to their credit quality indicators discussed in the paragraphs above as of December 31, 2011:


	December 31, 2011
	SBA, SBA 504 & Commercial loans - Internal risk ratings
(In thousands)	Pass		Special mention		Substandard		Total
SBA loans	$	49,568	$	8,900	$	13,375	$	71,843
SBA 504 loans		39,566		5,543		9,999		55,108
Commercial loans
Commercial other		20,921		1,160		4,461		26,542
Commercial real estate		187,680		49,231		9,913		246,824
Commercial real estate construction		8,255		883		600		9,738
Total commercial loans		216,856		51,274		14,974		283,104
Total SBA, SBA 504 and commercial loans	$	305,990	$	65,717	$	38,348	$	410,055

	Residential mortgage & Consumer loans - Performing/Nonperforming
(In thousands)			Performing		Nonperforming		Total
Residential mortgage loans
Residential mortgages			$	122,012	$	1,831	$	123,843
Residential construction				36		2,169		2,205
Purchased residential mortgages				6,005		2,037		8,042
Total residential mortgage loans				128,053		6,037		134,090
Consumer loans
Home equity				46,676		259		46,935
Consumer other				1,503		9		1,512
Total consumer loans			$	48,179	$	268	$	48,447
Total loans							$	592,592

Aging Analysis Of Past Due And Nonaccrual Loans By Loan Class [Table Text Block]

June 30, 2012

(In thousands)

30-59 days past due

60-89 days past due

90+ days and still accruing

Nonaccrual (1)

Total past due

Current

Total loans

SBA loans

506

169

241

3,345

4,262

62,207

66,469

SBA 504 loans

2,201

1,775

3,975

41,272

45,247

Commercial loans

Commercial other

1,100

1,157

26,977

28,134

Commercial real estate

1,538

172

286

8,636

10,631

260,911

271,542

Commercial real estate construction

10,655

Residential mortgage loans

Residential mortgages

1,665

228

1,881

1,484

5,258

123,394

128,652

Purchased residential mortgages

142

621

3,169

3,965

3,897

7,862

Consumer loans

Home equity

761

106

311

1,178

43,919

45,097

Consumer other

1,230

1,243

Total loans

6,870

1,296

2,443

19,831

30,441

574,460

604,901

(1) At June 30, 2012, nonaccrual loans included $871 thousand of troubled debt restructurings ("TDRs") and $526 thousand of loans guaranteed by the SBA. The remaining $20.5 million of TDRs are in accrual status because they are performing in accordance with their restructured terms.


	December 31, 2011
(In thousands)	30-59 days past due		60-89 days past due		90+ days and still accruing		Nonaccrual (1)		Total past due		Current		Total loans
SBA loans	$	879	$	225	$	247	$	5,858	$	7,208	$	64,635	$	71,843
SBA 504 loans		2,006		-		-		2,086		4,092		51,016		55,108
Commercial loans
Commercial other		1,158		-		192		815		2,165		24,377		26,542
Commercial real estate		2,493		3,119		949		7,104		13,666		233,158		246,824
Commercial real estate construction		-		-		-		600		600		9,138		9,738
Residential mortgage loans
Residential mortgages		3,519		1,310		-		1,831		6,660		117,183		123,843
Residential construction		-		-		36		2,169		2,205		0		2,205
Purchased residential mortgages		149		-		-		2,037		2,187		5,855		8,042
Consumer loans
Home equity		338		199		988		259		1,784		45,151		46,935
Consumer other		1		3		-		9		14		1,498		1,512
Total loans	$	10,545	$	4,856	$	2,411	$	22,769	$	40,581	$	552,011	$	592,592

(1) At December 31, 2011, nonaccrual loans included $3.6 million of TDRs and $939 thousand of loans guaranteed by the SBA. The remaining $17.4 million of TDRs are in accrual status because they are performing in accordance with their restructured terms.

Impaired Loans With The Associated Allowance Amount [Table Text Block]


	June 30, 2012
(In thousands)	Outstanding principal balance		Specific reserves		Net exposure (balance less specific reserves)
With no related allowance:
SBA loans (1)	$	1,573	$	-	$	1,573
SBA 504 loans		4,668		-		4,668
Commercial loans
Commercial other		4,261		-		4,261
Commercial real estate		6,513		-		6,513
Total commercial loans		10,774		-		10,774
Total impaired loans with no related allowance		17,015		-		17,015

With an allowance:
SBA loans (1)		2,184		847		1,337
SBA 504 loans		1,443		132		1,311
Commercial loans
Commercial other		62		62		-
Commercial real estate		14,167		2,661		11,506
Total commercial loans		14,229		2,723		11,506
Total impaired loans with a related allowance		17,856		3,702		14,154

Total individually evaluated impaired loans:
SBA loans (1)		3,757		847		2,910
SBA 504 loans		6,111		132		5,979
Commercial loans
Commercial other		4,323		62		4,261
Commercial real estate		20,680		2,661		18,019
Total commercial loans		25,003		2,723		22,280
Total individually evaluated impaired loans		34,871		3,702		31,169

Homogeneous collectively evaluated impaired loans:
Residential mortgage loans
Residential mortgages		1,484		-		1,484
Purchased residential mortgages		3,169		-		3,169
Total residential mortgage loans		4,653		-		4,653
Consumer loans
Home equity		311		-		311
Consumer other		11		-		11
Total consumer loans		322		-		322
Total homogeneous collectively evaluated impaired loans		4,975		-		4,975

Total impaired loans	$	39,846	$	3,702	$	36,144

(1) Balances are reduced by amount guaranteed by the Small Business Administration of $526 thousand at June 30, 2012.


	December 31, 2011
(In thousands)	Outstanding principal balance		Specific reserves		Net exposure (balance less specific reserves)
With no related allowance:
SBA loans (1)	$	1,553	$	-	$	1,553
SBA 504 loans		5,331		-		5,331
Commercial loans
Commercial other		1,725		-		1,725
Commercial real estate		6,197		-		6,197
Total commercial loans		7,922		-		7,922
Total impaired loans with no related allowance		14,806		-		14,806

With an allowance:
SBA loans (1)		4,763		1,694		3,069
SBA 504 loans		1,127		1		1,126
Commercial loans
Commercial other		75		75		-
Commercial real estate		11,589		2,530		9,059
Commercial real estate construction		600		149		451
Total commercial loans		12,264		2,754		9,510
Total impaired loans with a related allowance		18,154		4,449		13,705

Total individually evaluated impaired loans:
SBA loans (1)		6,316		1,694		4,622
SBA 504 loans		6,458		1		6,457
Commercial loans
Commercial other		1,800		75		1,725
Commercial real estate		17,786		2,530		15,256
Commercial real estate construction		600		149		451
Total commercial loans		20,186		2,754		17,432
Total individually evaluated impaired loans		32,960		4,449		28,511

Homogeneous collectively evaluated impaired loans:
Residential mortgage loans
Residential mortgages		1,831		-		1,831
Residential construction		2,169		-		2,169
Purchased residential mortgages		2,037		-		2,037
Total residential mortgage loans		6,037		-		6,037
Consumer loans
Home equity		259		-		259
Consumer other		9		-		9
Total consumer loans		268		-		268
Total homogeneous collectively evaluated impaired loans		6,305		-		6,305

Total impaired loans	$	39,265	$	4,449	$	34,816

(1) Balances are reduced by amount guaranteed by the SBA of $939 thousand at December 31, 2011.

Average Recorded Investments In Impaired Loans And The Related Amount Of Interest Recognized [TableText Block]


	For the three months ended June 30,
	2012				2011
(In thousands)	Average recorded investment		Interest income recognized on impaired loans		Average recorded investment		Interest income recognized on impaired loans
SBA loans (1)	$	4,150	$	36	$	6,343	$	44
SBA 504 loans		6,443		69		9,131		92
Commercial loans
Commercial other		4,344		47		1,457		8
Commercial real estate		19,853		169		15,520		99
Commercial real estate construction		-		-		789		-
Residential mortgage loans
Residential mortgages		1,959		-		2,079		-
Residential construction		1,446		-		-		-
Purchased residential mortgages		2,362		-		2,101		-
Consumer loans
Home equity		328		-		348		-
Consumer other		10		-		3		-
Total	$	40,895	$	321	$	37,771	$	243

(1) Balances are reduced by the average amount guaranteed by the Small Business Administration of $529 thousand and $2.6 million for the three months ended June 30, 2012 and 2011, respectively.


	For the six months ended June 30,
	2012				2011
(In thousands)	Average recorded investment		Interest income recognized on impaired loans		Average recorded investment		Interest income recognized on impaired loans
SBA loans (1)	$	4,952	$	85	$	6,563	$	101
SBA 504 loans		6,453		140		9,693		232
Commercial loans
Commercial other		3,556		69		983		9
Commercial real estate		19,107		299		13,125		158
Commercial real estate construction		267		-		920		-
Residential mortgage loans
Residential mortgages		1,804		-		2,148		-
Residential construction		1,808		-		-		-
Purchased residential mortgages		2,184		-		2,122		-
Consumer loans
Home equity		306		-		288		-
Consumer other		10		-		2		-
Total	$	40,447	$	593	$	35,844	$	500

(1) Balances are reduced by the average amount guaranteed by the Small Business Administration of $584 thousand and $2.8 million for the six months ended June 30, 2012 and 2011, respectively.

Troubled Debt Restructurings Loans Modified [Table Text Block]


	For the six months ended June 30, 2012
(In thousands, except number of contracts)	Number of contracts		Recorded investment at time of modification		Impact of interest rate change on income
Commercial loans
Commercial other		3	$	1,291	$	-
Commercial real estate		3		1,856		-
Total		6	$	3,147	$	-

Troubled Debt Restructurings Types Of Modifications [TableText Block]


	June 30, 2012
(In thousands)	Commercial other		Commercial real estate		Total
Type of modification:
Interest only	$	1,289	$	1,856	$	3,145
Total	$	1,289	$	1,856	$	3,145