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Loans Receivable (Tables)
 6 Months Ended
Jun. 30, 2014
Loans Receivable [Abstract]  
Composition Of Loan Portfolio

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

 

2014

 

2013

Commercial non-real estate

$
1,362 

 
3,331 

Commercial real estate

 
31,971 

 
62,937 

Consumer 

 
8,078 

 
8,618 

Residential

 

 -

 
53 

         Total gross loans

 
41,411 

 
74,939 

Adjustments:

 

 

 

 

 Premiums, discounts and net deferred fees

 

 -

 

 -

 Allowance for loan  losses

 
(1,881)

 
(2,713)

         Loans receivable -- net

$
39,530 

 
72,226 

 

Recorded Investment (Unpaid Principal Balance Less Charge-Offs And Deferred Fees) Of Non-Accrual Loans Receivable And Loans Held For Sale

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

Loan Class

 

2014

 

2013

Commercial non-real estate

$
1,362 

 
3,331 

Commercial real estate
21,228 

 
45,540 

Consumer

 
3,022 

 
2,972 

Residential

 

 -

 
53 

Total nonaccrual loans

$
25,612 

 
51,896 

 

Age Analysis Of The Past Due Recorded Investment In Loans Receivable And Loans Held For Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

31-59 Days

 

60-89 Days

 

90 Days

 

Total

 

 

 

Loans

June 30, 2014

 

Past Due

 

Past Due

 

or More (1)

 

Past Due

 

Current

 

Receivable

Commercial non-real estate

$

 -

 

 -

 
330 

 
330 

 
1,032 

 
1,362 

Commercial real estate:

 
989 

 

 -

 
8,202 

 
9,191 

 
22,780 

 
31,971 

Consumer

 
442 

 

 -

 
2,606 

 
3,048 

 
5,030 

 
8,078 

Residential:

 

 -

 

 -

 

 -

 

 -

 

 -

 

 -

Total

$
1,431 

 

 -

 
11,138 

 
12,569 

 
28,842 

 
41,411 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

31-59 Days

 

60-89 Days

 

90 Days

 

Total

 

 

 

Loans

December 31, 2013

 

Past Due

 

Past Due

 

or More (1)

 

Past Due

 

Current

 

Receivable

Commercial non-real estate

$

 -

 

 -

 
2,269 

 
2,269 

 
1,062 

 
3,331 

Commercial real estate:

 

 -

 

 -

 
22,729 

 
22,729 

 
40,208 

 
62,937 

Consumer

 
317 

 
293 

 
2,480 

 
3,090 

 
5,528 

 
8,618 

Residential:

 

 -

 

 -

 
53 

 
53 

 

 -

 
53 

Total

$
317 

 
293 

 
27,531 

 
28,141 

 
46,798 

 
74,939 

 

(1)  The Company had no loans that were past due greater than 90 days and still accruing as of June 30, 2014 or December 31, 2013.

 

 

Activity In The Allowance For Loan Losses By Portfolio

The activity in the allowance for loan losses by portfolio segment for the three months ended June 30, 2014 was as follows (in thousands):    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

Commercial

Real

Small

 

 

 

 

 

Non-Real Estate

Estate

Business

Consumer

Residential

Total

Allowance for Loan Losses:

 

 

 

 

 

 

Beginning balance

$

 -
113 

 -
1,475 

 -
1,588 

    Charge-offs :

 

 -

 -

 -
(281)
(1)
(282)

     Recoveries :

 
27 
2,083 
80 
379 
52 
2,621 

     Provision:

 
(27)
(2,081)
(80)
193 
(51)
(2,046)

Ending balance

$

 -
115 

 -
1,766 

 -
1,881 

Ending balance individually

 

 

 

 

 

 

 

 evaluated for impairment

$

 -

 -

 -

 -

 -

 -

Ending balance collectively

 

 

 

 

 

 

 

 evaluated for impairment

 

 -
115 

 -
1,766 

 -
1,881 

Total

$

 -
115 

 -
1,766 

 -
1,881 

Loans receivable:

 

 

 

 

 

 

 

Ending balance individually

 

 

 

 

 

 

 

 evaluated for impairment

$
1,362 
21,228 

 -
2,229 

 -
24,819 

Ending balance collectively

 

 

 

 

 

 

 

 evaluated for impairment

$

 -
10,743 

 -
5,849 

 -
16,592 

Total

$
1,362 
31,971 

 -
8,078 

 -
41,411 

Purchases of loans

$

 -

 -

 -

 -

 -

 -

Proceeds from loan sales

$

 -

 -

 -

 -

 -

 -

Transfer to loans held for sale

$

 -

 -

 -

 -

 -

 -

Transfer from loans held for sale

$

 -

 -

 -

 -

 -

 -

 

 

The activity in the allowance for loan losses by portfolio segment for the three months ended June 30, 2013 was as follows (in thousands): 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

Commercial

Real

Small

 

 

 

 

 

Non-Real Estate

Estate

Business

Consumer

Residential

Total

Allowance for Loan Losses:

 

 

 

 

 

 

 

Beginning balance

$
1,196 
1,437 

 -
1,993 
623 
5,249 

     Charge-offs:

 

 -
(2,509)

 -
(911)
(59)
(3,479)

     Recoveries :

 
84 
1,870 
42 
559 
747 
3,302 

     Provision :

 
104 
174 
(42)
1,084 
(1,148)
172 

Ending balance

$
1,384 
972 

 -
2,725 
163 
5,244 

Ending balance individually

 

 

 

 

 

 

 

 evaluated for impairment

$
822 
461 

 -

 -

 -
1,283 

Ending balance collectively

 

 

 

 

 

 

 

 evaluated for impairment

 
562 
511 

 -
2,725 
163 
3,961 

Total

$
1,384 
972 

 -
2,725 
163 
5,244 

Loans receivable:

 

 

 

 

 

 

 

Ending balance individually

 

 

 

 

 

 

 

 evaluated for impairment

$
3,341 
135,249 

 -
4,563 
38,374 
181,527 

Ending balance collectively

 

 

 

 

 

 

 

 evaluated for impairment

$
6,824 
23,170 

 -
10,010 
10,700 
50,704 

Total

$
10,165 
158,419 

 -
14,573 
49,074 
232,231 

Proceeds from loan sales

$

 -
1,100 

 -

 -

 -
1,100 

Transfer to loans held for sale

$

 -

 -

 -

 -

 -

 -

Transfer from loans held for sale

$

 -

 -

 -

 -

 -

 -

 

 

 

The activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2014 was as follows (in thousands): 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

Commercial

 

 

 

 

 

 

Non-Real

Real

Small

 

 

 

 

 

Estate

Estate

Business

Consumer

Residential

Total

Allowance for Loan Losses:

 

 

 

 

 

 

Beginning balance

$
954 
227 

 -
1,532 

 -
2,713 

    Charge-offs :

 
(1,939)

 -

 -
(359)
(1)
(2,299)

     Recoveries :

 
41 
3,749 
187 
690 
94 
4,761 

     Provision :

 
944 
(3,861)
(187)
(97)
(93)
(3,294)

Ending balance

$

 -
115 

 -
1,766 

 -
1,881 

Proceeds from loan sales

$

 -

 -

 -

 -

 -

 -

Transfer to loans held for sale

$

 -

 -

 -

 -

 -

 -

Transfer from loans held for sale

$

 -

 -

 -

 -

 -

 -

 

The activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2013 was as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

Commercial

 

 

 

 

 

 

Non-Real

Real

Small

 

 

 

 

 

Estate

Estate

Business

Consumer

Residential

Total

Allowance for Loan Losses:

 

 

 

 

 

 

 

Beginning balance

$
1,735 
1,869 

 -
1,261 
446 
5,311 

     Charge-offs:

 

 -
(3,688)

 -
(1,287)
(448)
(5,423)

     Recoveries :

 
255 
2,147 
116 
1,017 
890 
4,425 

     Provision :

 
(606)
644 
(116)
1,734 
(725)
931 

Ending balance

$
1,384 
972 

 -
2,725 
163 
5,244 

Proceeds from loan sales

$

 -
1,100 

 -

 -

 -
1,100 

Transfer to loans held for sale

$

 -

 -

 -

 -

 -

 -

Transfer from loans held for sale

$

 -

 -

 -

 -

 -

 -

 
Impaired Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2014

 

As of December 31, 2013

 

 

 

Unpaid

 

 

 

Unpaid

 

 

 

Recorded

Principal

Related

 

Recorded

Principal

Related

 

 

Investment

Balance

Allowance

 

Investment

Balance

Allowance

With a related allowance recorded:

 

 

 

 

 

 

 

 

Commercial non-real estate

$

 -

 -

 -

 
3,001 
4,472 
954 

Commercial real estate:

 

 -

 -

 -

 

 -

 -

 -

Consumer

 
949 
2,138 
949 

 
920 
2,228 
920 

Residential:

 

 -

 -

 -

 

 -

 -

 -

Total with allowance recorded

$
949 
2,138 
949 

 
3,921 
6,700 
1,874 

With no related allowance recorded:

 

 

 

 

 

 

 

 

Commercial non-real estate

$
1,362 
3,097 

 -

 
330 
634 

 -

Commercial real estate:

 
21,875 
53,280 

 -

 
45,540 
79,186 

 -

Consumer

 
6,692 
8,602 

 -

 
7,165 
8,730 

 -

Residential:

 

 -

 -

 -

 
53 
189 

 -

Total with no allowance recorded

$
29,929 
64,979 

 -

 
53,088 
88,739 

 -

Total:

 

 

 

 

 

 

 

 

Commercial non-real estate

$
1,362 
3,097 

 -

 
3,331 
5,106 
954 

Commercial real estate

 
21,875 
53,280 

 -

 
45,540 
79,186 

 -

Consumer

 
7,641 
10,740 
949 

 
8,085 
10,958 
920 

Residential

 

 -

 -

 -

 
53 
189 

 -

Total

$
30,878 
67,117 
949 

 
57,009 
95,439 
1,874 

 

Average Recorded Investment And Interest Income Recognized On Impaired Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Six Months Ended

 

 

June 30, 2014

 

June 30, 2014

 

 

Average Recorded

Interest Income

 

Average Recorded

Interest Income

 

 

Investment

Recognized

 

Investment

Recognized

With an allowance recorded:

 

 

 

 

 

 

Commercial non-real estate

$

 -

 -

 

 -

 -

Commercial real estate:

 

 -

 -

 

 -

 -

Consumer

 
1,048 
4 

 
930 
5 

Residential:

 

 -

 -

 

 -

 -

Total with allowance recorded

$
1,048 
4 

 
930 
5 

With no related allowance recorded:

 

 

 

 

 

 

Commercial non-real estate

$
1,390 

 -

 
1,391 

 -

Commercial real estate:

 
21,876 
154 

 
21,879 
274 

Consumer

 
6,738 
50 

 
6,790 
127 

Residential:

 

 -

 -

 

 -

 -

Total with no allowance recorded

$
30,004 
204 

 
30,060 
401 

Total:

 

 

 

 

 

 

Commercial non-real estate

$
1,390 

 -

 
1,391 

 -

Commercial real estate

 
21,876 
154 

 
21,879 
274 

Consumer

 
7,786 
54 

 
7,720 
132 

Residential

 

 -

 -

 

 -

 -

Total

$
31,052 
208 

 
30,990 
406 

 

 

Average recorded investment and interest income recognized on impaired loans for the three and six months ended June  30, 2013 were (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Six Months Ended

 

 

June 30, 2013

 

June 30, 2013

 

 

Average Recorded

Interest Income

 

Average Recorded

Interest Income

 

 

Investment

Recognized

 

Investment

Recognized

With an allowance recorded:

 

 

 

 

 

 

Commercial non-real estate

$
3,023 
24 

 
3,028 
84 

Commercial real estate:

 

 

 

 

 

 

 Residential

 
2,746 

 -

 
3,036 

 -

 Other

 
19,777 
154 

 
24,577 
350 

Consumer

 
1,870 

 -

 
1,011 

 -

Residential:

 

 

 

 

 

 

Residential-interest only

 

 -

 -

 

 -

 -

Residential-amortizing

 

 -

 -

 

 -

 -

Total with allowance recorded

$
27,416 
178 

 
31,652 
434 

With no related allowance recorded:

 

 

 

 

 

 

Commercial non-real estate

$
330 

 -

 
330 

 -

Commercial real estate:

 

 

 

 

 

 

 Residential

 
42,873 
75 

 
42,467 
313 

 Other

 
74,069 
218 

 
78,032 
673 

Consumer

 
12,493 
66 

 
14,032 
142 

Residential:

 

 

 

 

 

 

Residential-interest only

 
15,226 
28 

 
15,123 
28 

Residential-amortizing

 
29,852 
137 

 
29,878 
233 

Total with no allowance recorded

$
174,843 
524 

 
179,862 
1,389 

 

 

 

 

 

 

 

Commercial non-real estate

$
3,353 
24 

 
3,358 
84 

Commercial real estate

 
139,465 
447 

 
148,112 
1,336 

Consumer

 
14,363 
66 

 
15,043 
142 

Residential

 
45,078 
165 

 
45,001 
261 

Total

$
202,259 
702 

 
211,514 
1,823