Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 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 Nine months ended September 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		172			(56	)		-			5			121
Charge-offs		(56	)		-			(80	)		(16	)		(152	)
Recoveries		-			8			14			11			33
Net charge-offs		(56	)		8			(66	)		(5	)		(119	)
Ending balance	$	503		$	364		$	2		$	-		$	869

(in 000's)				For the Nine months ended September 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		55			23			15		7			100
Charge-offs		(62	)		(148	)		-		(42	)		(252	)
Recoveries		1			5			4		15			25
Net charge-offs		(61	)		(143	)		4		(27	)		(227	)
Ending balance	$	295		$	433		$	71		-		$	799

(in 000's)				For the Three Months ended September 30, 2012
	Commercial and industrial			Commercial real estate			Consumer real estate			Consumer loans other			Total
Beginning balance	$	496		$	367		$	43		$	-		$	906
Provision for possible loan losses		63			(6	)		1			3			61
Charge-offs		(56	)		-			(43	)		(7	)		(106	)
Recoveries		-			3			1			4			8
Net charge-offs		(56	)		3			(42	)		(3	)		(98	)
Ending balance	$	503		$	364		$	2		$	-		$	869

(in 000's)			For the Three Months ended September 30, 2011
	Commercial and industrial		Commercial real estate		Consumer real estate		Consumer loans other			Total
Beginning balance	$	280	$	432	$	55	$	-		$	767
Provision for possible loan losses		15		-		15		-			30
Charge-offs		-		-		-		(5	)		(5	)
Recoveries		-		1		1		5			7
Net charge-offs		-		1		1		-			2
Ending balance	$	295	$	433	$	71	$	-		$	799

(in 000's)			As of September 30, 2012
	Commercial and industrial		Commercial real estate		Consumer real estate		Consumer loans other		Total
Period-end amount allocated to:
Loans individually evaluated for impairment	$	503	$	-	$	-	$	-	$	503
Loans collectively evaluated for impairment		-		364		2		-		366
	$	503	$	364	$	2	$	-	$	869
Loans, ending balance:
Loans individually evaluated for impairment	$	626	$	1,120	$	-	$	-	$	1,746
Loans collectively evaluated for impairment		3,267		29,019		4,806		1,835		38,927
Total	$	3,893	$	30,139	$	4,806	$	1,835	$	40,673

(in 000's)			As of December 31, 2011
	Commercial and industrial		Commercial real estate		Consumer real estate		Consumer loans other		Total
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 September 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	$	75	$	340	$	479	$	894	$	698	$	1,592
SBA loans		-		-		-		-		127		127
Asset-based		-		-		99		99		2,075		2,174
Total Commercial and industrial		75		340		578		993		2,900		3,893
Commercial real estate:
Commercial mortgages		131		-		732		863		13,552		14,415
SBA loans		-		-		-		-		628		628
Construction		-		-		-		-		2,530		2,530
Religious organizations		806		-		387		1,193		11,373		12,566
Total Commercial real estate		937		-		1,119		2,056		28,083		30,139
Consumer real estate:
Home equity loans		121		188		64		373		1,096		1,469
Home equity lines of credit		-		-		-		-		26		26
1-4 family residential mortgages		-		-		227		227		3,084		3,311
Total consumer real estate		121		188		291		600		4,206		4,806
Total real estate		1,058		188		1,410		2,656		32,289		34,945
Consumer and other:
Consumer installment		3		-		-		3		35		38
Student loans		24		108		-		132		1,498		1,630
Other		4		-		-		4		163		167
Total consumer and other		31		108		-		139		1,696		1,835
Total loans	$	1,164	$	636	$	1,988	$	3,788	$	36,885	$	40,673

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)	September 30, 2012
	Good/ Excellent		Satisfactory		Pass		Special Mention		Substandard		Doubtful		Total
Commercial and industrial:
Commercial	$	250	$	87	$	758	$	19	$	85	$	393	$	1,592
SBA loans		-		30		-		48		49		-		127
Asset-based		-		1,897		125		53		99		-		2,174
		250		2,014		883		120		233		393		3,893
Commercial real estate:
Commercial mortgages		-		12,266		749		-		1,083		317		14,415
SBA Loans		-		628		-		-		-		-		628
Construction		-		1,899		-		-		631		-		2,530
Religious organizations		-		8,746		3,269		164		387		-		12,566
		-		23,539		4,018		164		2,101		317		30,139
Total commercial loans	$	250	$	25,553	$	4,901	$	284	$	2,334	$	710	$	34,032

	September 30, 2012
	Residential Mortgage and Consumer Loans- Performing/Nonperforming
	Performing		Nonperforming		Total
Consumer Real Estate:
Home equity	$	1,405	$	64	$	1,469
Home equity line of credit		26		-		26
1-4 family residential mortgages		3,084		227		3,311
		4,515		291		4,806
Consumer Other:
Consumer Installment		38		-		38
Student loans		1,630		-		1,630
Other		167		-		167
		1,835		-		1,835
Total consumer loans		6,350	$	291	$	6,641
Total loans							$ 40,673

(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 September 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	$	478	$	23	$	455	$	355
SBA loans		49		-		49		49
Asset-based		99		-		99		99
Total Commercial and industrial		626		23		603		503
Commercial real estate:
Commercial mortgages		733		733		-		-
Religious Organizations		387		387		-		-
Total Commercial real estate		1,120		1,120		-		-
Total Loans	$	1,746	$	1,143	$	603	$	503

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 September 30, 2012 and 2011.

			Nine Months Ended				Nine Months Ended
(In 000's)			September 30, 2012				September 30, 2011
	Average		Interest recognized		Average		Interest recognized
	Recorded		on impaired		Recorded		on impaired
	Investment		loans		Investment		loans
Commercial and industrial:
Commercial	$	503	$	1	$	479	$	-
SBA loans		-		2		18		-
Asset-based		125		-		45		-
Total Commercial and industrial		628		3		542		-
Commercial real estate:
Commercial mortgages		673		-		846		-
SBA Loans		-		-		58		-
Religious Organizations		400		-		439		3
Total Commercial real estate		1,073		-		1,343		3
Total Loans	$	1,701	$	3	$	1,885	$	3

			Three Months Ended				Three Months Ended
(In 000's)			September 30, 2012				September 30, 2011
	Average		Interest recognized		Average		Interest recognized
	Recorded		on impaired		Recorded		on impaired
	Investment		loans		Investment		loans
Commercial and industrial:
Commercial	$	500	$	1	$	470	$	-
SBA loans		-		1		18		-
Asset-based		120		-		40		-
Total Commercial and industrial		620		2		528		-
Commercial real estate:
Commercial mortgages		670		-		835		-
SBA loans		-		-		58		-
Religious Organizations		390		-		436		-
Total Commercial real estate		1,060		-		1,329		-
Total Loans	$	1,680	$	2	$	1,857	$	-