Loans and Leases (Tables)

3 Months Ended

Mar. 31, 2013

Loans and Leases [Abstract]

Major classifications of loans held for investment

Major classifications of LHFI are as follows:

	March 31,		December 31,
(In thousands)	2013		2012
Commercial real estate	$	175,397	$	167,115
Construction and land development		34,533		37,215
Commercial and industrial		67,512		40,560
Multi-family		11,830		11,756
Residential real estate		6,697		24,981
Leases		38,629		37,347
Tax certificates		22,541		24,569
Consumer		916		1,139
Total gross loans	$	358,055	$	344,682
Less: Deferred loan fees*		-		(517	)
Total LHFI, net of unearned income	$	358,055	$	344,165

*For the 2013 period net deferred fees were allocated among the loan types.

Risk ratings for loan portfolio segment

The following tables present risk ratings for each loan portfolio segment at March 31, 2013 and December 31, 2012, excluding LHFS.

As of March 31, 2013					Special
(In thousands)	Pass		Pass-Watch		Mention		Substandard		Non-accrual		Total
Commercial real estate	$	80,916	$	65,135	$	18,078	$	3,389	$	7,879	$	175,397
Construction and land development		3,579		14,461		12,873		578		3,042		34,533
Commercial & industrial		38,912		12,812		730		11,035		4,023		67,512
Multi-family		9,092		2,152		586		-		-		11,830
Residential real estate		6,265		-		-		-		432		6,697
Leases		38,181		233		58		-		157		38,629
Tax certificates		21,990		-		-		-		551		22,541
Consumer		849		67		-		-		-		916
Total LHFI	$	199,784	$	94,860	$	32,325	$	15,002	$	16,084	$	358,055

As of December 31, 2012					Special
(In thousands)	Pass		Pass-Watch		Mention		Substandard		Non-accrual		Total
Commercial real estate	$	64,308	$	69,510	$	19,529	$	3,423	$	10,345	$	167,115
Construction and land development		2,139		13,872		16,343		581		4,280		37,215
Commercial & industrial		14,764		10,774		92		9,969		4,961		40,560
Multi-family		9,019		2,034		703		-		-		11,756
Residential real estate		15,125		6,634		602		1,626		994		24,981
Leases		36,755		325		16		-		251		37,347
Tax certificates		23,968		-		-		-		601		24,569
Consumer		926		213		-		-		-		1,139
Subtotal LHFI		167,004		103,362		37,285		15,599		21,432		344,682
Less: Deferred loan fees												(517	)
Total LHFI											$	344,165

Aging analysis of past due payments for loan portfolio segment

The following tables present an aging analysis of past due payments for each loan portfolio segment at March 31, 2013 and December 31, 2012, excluding LHFS.

As of March 31, 2013	30-59 Days		60-89 Days		Accruing		Total
(In thousands)	Past Due		Past Due		90+ Days		Non-accrual		Current		Total
Commercial real estate	$	1,032	$	1,486	$	-	$	7,879	$	165,000	$	175,397
Construction and land development		-		-		-		3,042		31,491		34,533
Commercial & industrial		297		46		-		4,023		63,146		67,512
Multi-family		-		-		-		-		11,830		11,830
Residential real estate		1,434		121		-		432		4,710		6,697
Leases		233		58		-		157		38,181		38,629
Tax certificates		-		-		-		551		21,990		22,541
Consumer		-		-		-		-		916		916
Total LHFI	$	2,996	$	1,711	$	-	$	16,084	$	337,264	$	358,055

As of December 31, 2012	30-59 Days		60-89 Days		Accruing		Total
(In thousands)	Past Due		Past Due		90+ Days		Non-accrual		Current		Total
Commercial real estate	$	1,548	$	1,486	$	-	$	10,345	$	153,736	$	167,115
Construction and land development		-		-		-		4,280		32,935		37,215
Commercial & industrial		200		-		-		4,961		35,399		40,560
Multi-family		-		-		-		-		11,756		11,756
Residential real estate		562		486		-		994		22,939		24,981
Leases		325		16		-		251		36,755		37,347
Tax certificates		-		-		-		601		23,968		24,569
Consumer		-		-		-		-		1,139		1,139
Subtotal LHFI		2,635		1,988		-		21,432		318,627		344,682
Less: Deferred loan fees												(517	)
Total LHFI											$	344,165

Composition of the non-accrual loans

0The following tables detail the composition of the non-accrual loans at March 31, 2013 and December 31, 2012.

	As of March 31, 2013				As of December 31, 2012
(In thousands)	Loan balance		Specific reserves		Loan balance		Specific reserves
Non-accrual loans held for investment
Commercial real estate	$	7,879	$	-	$	10,345	$	835
Construction and land development		3,042		-		4,280		820
Commercial & industrial		4,023		45		4,961		255
Residential real estate		432		13		994		14
Multi-family		-		-		-		-
Leases		157		70		251		55
Tax certificates		551		27		601		47
Total non-accrual LHFI	$	16,084	$	155	$	21,432	$	2,026
Non-accrual loans held for sale
Commercial real estate	$	1,472	$	-	$	1,572	$	-
Total non-accrual LHFS	$	1,472	$	-	$	1,572	$	-
Total non-accrual loans	$	17,556	$	155	$	23,004	$	2,026

Information pertaining to impaired Loans

The following is a summary of information pertaining to impaired loans:

	March 31,		December 31,
(In thousands)	2013		2012
Impaired loans with a valuation allowance	$	3,404	$	9,405
Impaired loans without a valuation allowance		19,349		19,423
Impaired LHFS		1,472		1,572
Total impaired loans and leases	$	24,225	$	30,400
Valuation allowance related to impaired loans	$	155	$	2,026

Troubled debt restructurings that are on an accrual status and a non-accrual status

The following table details the Company's TDRs that are on an accrual status and a non-accrual status at March 31, 2013.

(In thousands)	As of March 31, 2013
	Number of loans		Accrual Status		Non-Accrual Status		Total TDRs
Commercial real estate		3	$	605	$	7,600	$	8,205
Construction and land development		4		1,423		529		1,952
Commercial & industrial		3		4,953		2,314		7,267
Residential real estate		2		-		141		141
Total		12	$	6,981	$	10,584	$	17,565

Newly restructured loans

The following table presents newly restructured loans that occurred during the three months ended March 31, 2013.

	Modifications by type for the three months ended March 31, 2013
(Dollars in thousands)	Number of loans		Rate		Term		Payment		Combination of types		Total		Pre- Modification Outstanding Recorded Investment		Post- Modification Outstanding Recorded Investment
Commercial & industrial		1	$	-	$	-	$	-	$	85	$	85	$	87	$	87
Total		1	$	-	$	-	$	-	$	85	$	85	$	87	$	87