Loans

3 Months Ended

Mar. 31, 2012

Loans Receivable Disclosure [Abstract]

Loans Receivable Disclosure

 

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

	March 31,		December 31,
	2012		2011
		(in thousands)
Commercial – non real estate
Commercial and industrial	$	7 618	$	8 361
Commercial real estate
Owner occupied		60 758		61 086
Non-owner occupied		17 274		15 796
Construction
Residential		2 306		2 492
Commercial		13 843		16 687
Real Estate
Farmland		561		598
Residential
Revolving open end		4 628		5 015
1 to 4 family – first liens		81 969		80 311
1 to 4 family – junior liens		7 189		7 530
5 or more family		3 065		3 088
Consumer loans
Titled vehicles		2 488		2 650
Deposit accounts		584		617
All other consumer loans		2 884		2 898
All other loans		79		116
Total loans		205 246		207 245
Less: allowance for loan losses		4 401		4 484
	$	200 845	$	202 761

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 $1.2 million and letters of credit issued on behalf of a customer of the company in the amount of $11 million.