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

6 Months Ended

Jun. 30, 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.

(In 000's)	Three Months Ended June 30, 2015		Three Months Ended  June 30, 2014
	Average	Interest recognized	Average	Interest recognized
	Recorded	on impaired	Recorded	on impaired
	Investment	Loans	Investment	Loans
Commercial and industrial:
Commercial	$201	$-	$182	$-
SBA  loans	46	1	48	-
Asset-based	73	1	-	-
Total commercial and industrial	320	2	230	-
Commercial real estate:
Commercial mortgages	934	-	998	-
SBA loans	113	-	125	-
Religious organizations	487	-	617	-
Total commercial real estate	1,534	-	1,740	-
Total loans	$1,854	$2	$1,970	$-

(In 000's)	Six Months Ended  June 30, 2015		Six Months Ended  June 30, 2014
	Average	Interest recognized	Average	Interest recognized
	Recorded	on impaired	Recorded	on impaired
	Investment	Loans	Investment	Loans
Commercial and industrial:
Commercial	$200	$-	$269	$-
SBA  loans	46	2	48	-
Asset-based	40	1	-	-
Total commercial and industrial	286	3	317	-
Commercial real estate:
Commercial mortgages	896	-	875	-
SBA loans	112	-	126	-
Religious organizations	488	-	620	2
Total commercial real estate	1,496	-	1,621	2
Total loans	$1,782	$3	$1,938	$2