6. Loans and Allowance For Loan Losses: Interest income on impaired loans (Tables)

3 Months Ended

Mar. 31, 2015

Tables/Schedules

Interest income on impaired loans

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.

	Three Months Ended		Three Months Ended
(In 000's)	March 31, 2015		March 31, 2014
	Average	Interest recognized	Average	Interest recognized
	Recorded	on impaired	Recorded	on impaired
	Investment	Loans	Investment	Loans
Commercial and industrial:
Commercial	$335	$-	$357	$-
SBA  loans	62	-	48	-
Asset-based	15	1	-	-
Total commercial and industrial	412	1	405	-
Commercial real estate:
Commercial mortgages	869	-	573	-
SBA loans	116	-	161	-
Religious organizations	513	-	624	2
Total commercial real estate	1,498	-	1,358	2
Total loans	$1,910	$1	$1,763	$2