Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2012

Allowance for Loan Losses [Abstract]

Analysis of allowance for loan losses

The following table presents an analysis of the allowance for loan losses.

(in 000's)	For the Six months ended June 30, 2012
	Commercial and industrial				Commercial real estate			Consumer real estate			Consumer loans other			Total
Beginning balance	$		387		$	412		$	68		$	-		$	867
Provision for possible loan losses			109			(50	)					1			60
Charge-offs			-			-			(38	)		(9	)		(47	)
Recoveries			-			5			13			8			26
Net charge-offs			-			5			(21	)		(1	)		(21	)
Ending balance	$		496		$	367		$	43		$	-		$	906
(in 000's)	For the Six months ended June 30, 2011
	Commercial and industrial				Commercial real estate			Consumer real estate			Consumer loans other			Total
Beginning balance	$		301		$	553		$	52		$	20		$	926
Provision for possible loan losses			40			23			-			7			70
Charge-offs			(62	)		(148	)		-			(37	)		(247	)
Recoveries			1			4			3			10			18
Net charge-offs			61	)		(144	)		3			(27	)		(229	)
Ending balance	$		280		$	432		$	55		$	-		$	767
(in 000's)	For the Three Months ended June 30, 2012
	Commercial and industrial				Commercial real estate			Consumer real estate			Consumer loans other			Total
Beginning balance	$		417		$	412		$	35		$	-		$	864
Provision for possible loan losses			30			-						-			30
Charge-offs			-			-						-			-
Recoveries			-			2			10			-			12
Net charge-offs			-			2			10			-			12
Ending balance	$		477		$	414		$	45		$	-		$	906
(in 000's)	For the Three Months ended June 30, 2011
	Commercial and industrial				Commercial real estate			Consumer real estate			Consumer loans other			Total
Beginning balance	$	239			$	430		$	75		$	-		$	744
Provision for possible loan losses		40				-			(20	)		20			40
Charge-offs		-				-			-			(24	)		(24	)
Recoveries		1				2			-			4			7
Net charge-offs		1				2			-			(20	)		(17	)
Ending balance	$	280			$	432		$	55		$	-		$	767

(in 000's)	As of June 30, 2012
Period-end amount allocated to:
Loans individually evaluated for impairment	$	496	$	-	$	-	$	-	$	496
Loans collectively  evaluated for impairment		-		367		43		-		410
	$	496	$	367	$	43	$	-	$	906
Loans, ending balance:
Loans individually evaluated for impairment	$	686	$	1,058	$	-	$	-	$	1,744
Loans collectively  evaluated for impairment		2,960		31,303		4,951		1,867		41,081
Total	$	3,646	$	32,361	$	4,951	$	1,867	$	42,825

(in 000's)	As of December 31, 2011
Period-end amount allocated to:
Loans individually evaluated for impairment	$	308	$	-	$	-	$	-	$	308
Loans collectively  evaluated for impairment		79		412		68		-		559
	$	387	$	412	$	68	$	-	$	867
Loans, ending balance:
Loans individually evaluated for impairment	$	592	$	1,095	$	-	$	-	$	1,687
Loans collectively  evaluated for impairment		3,138		29,102		5,586		1,989		39,815
Total	$	3,730	$	30,197	$	5,586	$	1,989	$	41,502

Age analysis of past due loans, segregated by class of loans

An age analysis of past due loans, segregated by class of loans, as of June 30, 2012 is as follows: 

(In 000's)			Accruing
	Loans		Loans 90 or
	30-89 Days		More Days				Total Past		Current
	Past Due		Past Due		Nonaccrual		Due Loans		Loans		Total Loans
Commercial and industrial:
Commercial	$	23	$	-	$	482	$	505	$	1,162	$	1,667
SBA loans		-		-		-		-		129		129
Asset-based		-		-		155		155		1,695		1,850
Total Commercial and industrial		23		-		637		660		2,986		3,646
Commercial real estate:
Commercial mortgages		0		-		662		662		15,112		15,774
SBA loans		-		-		-		-		1,217		1,217
Construction		-		-		-		-		2,068		2,068
Religious organizations		291		-		396		687		12,615		13,302
Total Commercial real estate		291		-		1,058		1,349		31,012		32,361
Consumer real estate:
Home equity loans		105		189		111		405		1,472		1,877
Home equity lines of credit		-		-		-		-		45		45
1-4 family residential mortgages		-		-		227		227		2,802		3,029
Total consumer real estate		105		189		338		632		4,319		4,951
Total real estate		396		189		1,396		1,981		35,331		37,312
Consumer and other:
Consumer installment		-		-		-		-		46		46
Student loans		100		125		-		225		1,433		1,658
Other		4		-		-		4		159		163
Total consumer and other		104		125		-		229		1,638		1,867
Total loans	$	523	$	314	$	2,033	$	2,870	$	39,955	$	42,825

An age analysis of past due loans, segregated by class of loans, as of December 31, 2011 is as follows:

(In 000's)			Accruing
	Loans		Loans 90 or
	30-89 Days		More Days				Total Past		Current
	Past Due		Past Due		Nonaccrual		Due Loans		Loans		Total Loans
Commercial and industrial:
Commercial	$	32	$	-	$	491	$	523	$	963	$	1,486
SBA loans		-		-		-		-		235		235
Asset-based		-		-		101		101		1,908		2,009
Total commercial and industrial		32		-		592		624		3,106		3,730
Commercial real estate:
Commercial mortgages		99		-		677		776		13,901		14,677
SBA loans		-		-		-		-		476		476
Construction		-		-		-		-		1,391		1,391
Religious organizations		559		173		418		1,150		12,503		13,653
Total commercial real estate		658		173		1,095		1,926		28,271		30,197
Consumer real estate:
Home equity loans		173		152		106		431		1,714		2,145
Home equity lines of credit		-		-		38		38		47		85
1-4 family residential mortgages		-		-		301		301		3,055		3,356
Total consumer real estate		173		152		445		770		4,816		5,586
Total real estate		831		325		1,540		2,696		33,087		35,783
Consumer and other:
Consumer installment		-		-		-		-		58		58
Student loans		112		146		-		258		1,503		1,761
Other		3		-		-		3		167		170
Total consumer and other		115		146		-		261		1,728		1,989
Total loans	$	978	$	471	$	2,132	$	3,581	$	37,921	$	41,502

Bank's loans by class according to their credit quality indicators

The tables below detail the Bank’s loans by class according to their credit quality indictors discussed above.

Classified Loans by Class
(In 000's)	June 30, 2012
	Good/ Excellent		Satisfactory		Pass		Special Mention		Substandard		Doubtful		Total
Commercial and industrial:
Commercial	$	379	$	457	$	328	$	23	$	255	$	225	$	1,667
SBA loans		-		31		-		48		50		-		129
Asset-based		-		1,516		125		53		99		57		1,850
		379		2,004		453		124		404		282		3,646
Commercial real estate:
Commercial mortgages		-		13,579		767		-		1,428		-		15,774
SBA Loans		-		1,215		-		-		2		-		1,217
Construction		-		2,068		-		-		-		-		2,068
Religious organizations		-		8,846		3,299		167		990		-		13,302
		-		25,708		4,066		167		2,420		-		32,361
Total commercial loans	$	379	$	27,712	$	4,519	$	291	$	2,824	$	282	$	36,007

	June 30, 2012
	Residential Mortgage and Consumer Loans- Performing/Nonperforming
	Performing		Nonperforming		Total
Consumer Real Estate:
Home equity	$	1,766	$	111	$	1,877
Home equity line of credit		45		-		45
1-4 family residential mortgages		2,802		227		3,029
		4,613		338		4,951
Consumer Other:
Consumer Installment		46		-		46
Student loans		1,658		-		1,658
Other		163		-		163
		1,867		-		1,867
Total  consumer loans	$	6,480	$	338	$	6,818
Total loans							$	42,825

(In 000's)	December 31, 2011
	Good/ Excellent		Satisfactory		Pass		Special Mention		Substandard		Doubtful		Total
Commercial and industrial:
Commercial	$	379	$	586	$	-	$	31	$	264	$	226	$	1,486
SBA loans		-		130		56		-		49		-		235
Asset-based		-		1,847		61		-		101		-		2,009
		379		2,563		117		31		414		226		3,730
Commercial real estate:
Commercial mortgages		-		13,118		151		-		1,408		-		14,677
SBA Loans		-		471		-		-		5		-		476
Construction		-		1,391		-		-		-		-		1,391
Religious organizations		-		9,751		2,925		-		977		-		13,653
		-		24,731		3,076		-		2,390		-		30,197
Total commercial loans	$	379	$	27,294	$	3,193	$	31	$	2,804	$	226	$	33,927

	December 31, 2011
	Residential Mortgage and Consumer Loans- Performing/Nonperforming
	Performing		Nonperforming		Total
Consumer Real Estate:
Home equity	$	2,039	$	106	$	2,145
Home equity line of credit		47		38		85
1-4 family residential mortgages		3,055		301		3,356
		5,141		445		5,586
Consumer Other:
Consumer Installment		58		-		58
Student loans		1,761		-		1,761
Other		170		-		170
		1,989		-		1,989
Total  consumer loans	$	7,130	$	445	$	7,575
Total loans							$	41,502

Impaired loans

Impaired loans as of June 30, 2012 are set forth in the following table.

(In 000's)	Unpaid Contractual		Recorded Investment		Recorded Investment
	Principal		With No		With		Related
	Balance		Allowance		Allowance		Allowance
Commercial and industrial:
Commercial	$	481	$	24	$	457	$	291
SBA  loans		50		-		50		50
Asset-based		155		-		155		155
Total Commercial and industrial		686		24		662		496
Commercial real estate:
Commercial mortgages		662		662		-		-
Religious Organizations		396		396		-		-
Total Commercial real estate		1,058		1,058		-		-
Total Loans	$	1,744	$	1,082	$	662	$	496

 Impaired loans as of December 31, 2011 are set forth in the following table.

(In 000's)	Unpaid Contractual		Recorded Investment		Recorded Investment
	Principal		With No		With		Related
	Balance		Allowance		Allowance		Allowance
Commercial and industrial:
Commercial	$	491	$	78	$	413	$	246
Asset-based		101		-		101		62
Total Commercial and industrial		592		78		514		308
Commercial real estate:
Commercial mortgages		677		677		-		-
SBA  Loans		-		-		-		-
Religious Organizations		407		407		-		-
Total Commercial real estate		1,095		1,095		-		-
Total Loans	$	1,687	$	1,173	$	514	$	308

The Bank recognizes interest income on impaired loans under the cash basis when the collateral on the loan is sufficient to cover the outstanding obligation to the Bank.   If these factors do not exist, the Bank will record interest payments on the cost recovery basis. The following tables present additional information about impaired loans for the three and six months ended June 30, 2012 and 2011.

			Six Months Ended				Six Months Ended
(In 000's)			June 30, 2012				June 30, 2011
	Average		Interest recognized		Average		Interest recognized
	Recorded		on impaired		Recorded		on impaired
	Investment		loans		Investment		loans
Commercial and industrial:
Commercial	$	482	$	-	$	471	$	-
SBA  loans		8		1		18		-
Asset-based		119		-		17		-
Total Commercial and industrial		609		1		506		-
Commercial real estate:
Commercial mortgages		670		-		946		-
SBA  Loans		-		-		58		-
Religious Organizations		405		-		440		3
Total Commercial real estate		1,075		-		1,444		3
Total Loans	$	1,684	$	1	$	1,950	$	3

			Three Months Ended				Three Months Ended
(In 000's)			June 30, 2012				June 30, 2011
	Average		Interest recognized		Average		Interest recognized
	Recorded		on impaired		Recorded		on impaired
	Investment		loans		Investment		loans
Commercial and industrial:
Commercial	$	499	$	-	$	460	$	-
SBA  loans		-		1		18		-
Asset-based		138		-		34		-
Total Commercial and industrial		637		1		512		-
Commercial real estate:
Commercial mortgages		666		-		649		-
SBA loans		-				58
Religious Organizations		399		-		440		-
Total Commercial real estate		1,065		-		1,147		-
Total Loans	$	1,702	$	1	$	1,659	$	-