Loans

9 Months Ended

Sep. 30, 2011

Loans Receivable Disclosure [Abstract]

Loans Receivable Disclosure [Text Block]

4.	Loans
	The loan portfolio, stated at face amount, is composed of the following:

	September 30,		December 31,
	2011		2010
	(in thousands)
Commercial – non real estate
Commercial and industrial	$	7 579	$	7 920
Commercial real estate
Owner occupied		61 823		67 517
Non-owner occupied		13 734		12 098
Construction
Residential		3 805		5 922
Commercial		17 885		18 252
Real Estate
Farmland		635		792
Residential
Revolving open end		5 039		5 975
1 to 4 family – first liens		79 254		82 691
1 to 4 family – junior liens		7 853		8 871
5 or more family		3 110		1 976
Consumer loans
Titled vehicles		2 998		3 713
Deposit accounts		748		737
All other consumer loans		2 782		2 350
All other loans		126		436
Total loans		207 371		219 250
Less: allowance for loan losses		5 263		5 012
	$	202 108	$	214 238

The FHLB of Pittsburgh has a blanket lien on all the company’s loans except those loans specifically pledged to the Federal Reserve and removed from the FHLB lien. Currently, the FHLB lien is securing an advance to the company in the amount of $1.8 million and letters of credit issued on behalf of a customer of the company in the amount of $11 million.