Annual report pursuant to Section 13 and 15(d)

Loans Receivable (Tables)

v3.6.0.2
Loans Receivable (Tables)
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Year end loans are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
December 31, 2016
 
December 31, 2015
 
Loans secured by real estate:
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
205,979
 
$
213,951
 
Commercial real estate, construction & land development, and other dwellings
 
 
270,092
 
 
259,478
 
Commercial participations purchased
 
 
369
 
 
310
 
Total loans secured by real estate
 
 
476,440
 
 
473,739
 
Consumer
 
 
522
 
 
535
 
Commercial business
 
 
77,513
 
 
68,813
 
Government
 
 
29,529
 
 
29,062
 
Subtotal
 
 
584,004
 
 
572,149
 
Less:
 
 
 
 
 
 
 
Net deferred loan origination fees
 
 
(162)
 
 
(174)
 
Undisbursed loan funds
 
 
(192)
 
 
(77)
 
Loans receivable
 
$
583,650
 
$
571,898
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
  
(Dollars in thousands)
 
Residential Real
Estate, Including
Home Equity
 
Consumer
 
Commercial Real
Estate,
Construction &
Land
Development,
and Other
Dwellings
 
Commercial
Participations
Purchased
 
Commercial
Business
 
Government
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the twelve months ended December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,711
 
$
38
 
$
4,422
 
$
14
 
$
698
 
$
70
 
$
6,953
 
Charge-offs
 
 
(529)
 
 
(33)
 
 
-
 
 
-
 
 
-
 
 
-
 
 
(562)
 
Recoveries
 
 
2
 
 
9
 
 
-
 
 
-
 
 
28
 
 
-
 
 
39
 
Provisions
 
 
1,226
 
 
20
 
 
(120)
 
 
(14)
 
 
170
 
 
(14)
 
 
1,268
 
Ending Balance
 
$
2,410
 
$
34
 
$
4,302
 
$
-
 
$
896
 
$
56
 
$
7,698
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the twelve months ended December 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,878
 
$
17
 
$
3,645
 
$
13
 
$
733
 
$
75
 
$
6,361
 
Charge-offs
 
 
(239)
 
 
(30)
 
 
(59)
 
 
-
 
 
(77)
 
 
-
 
 
(405)
 
Recoveries
 
 
9
 
 
2
 
 
22
 
 
-
 
 
10
 
 
-
 
 
43
 
Provisions
 
 
63
 
 
49
 
 
814
 
 
1
 
 
32
 
 
(5)
 
 
954
 
Ending Balance
 
$
1,711
 
$
38
 
$
4,422
 
$
14
 
$
698
 
$
70
 
$
6,953
 
 
(Dollars in thousands)
 
Residential Real
Estate, Including
Home Equity
 
Consumer
 
Commercial Real
Estate,
Construction &
Land
Development,
and Other
Dwellings
 
Commercial
Participations
Purchased
 
Commercial
Business
 
Government
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at December 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
879
 
$
-
 
$
3
 
$
-
 
$
354
 
$
-
 
$
1,236
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
1,531
 
$
34
 
$
4,299
 
$
-
 
$
542
 
$
56
 
$
6,462
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LOAN RECEIVABLES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
205,837
 
$
524
 
$
270,092
 
$
369
 
$
77,299
 
$
29,529
 
$
583,650
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
1,419
 
$
-
 
$
374
 
$
82
 
$
687
 
$
-
 
$
2,562
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: purchased credit impaired individually evaluated for impairment
 
$
956
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
$
956
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
203,462
 
$
524
 
$
269,718
 
$
287
 
$
76,612
 
$
29,529
 
$
580,132
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at December 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
149
 
$
-
 
$
171
 
$
14
 
$
22
 
$
-
 
$
356
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
1,562
 
$
38
 
$
4,251
 
$
-
 
$
676
 
$
70
 
$
6,597
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LOAN RECEIVABLES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
213,755
 
$
535
 
$
259,479
 
$
310
 
$
68,757
 
$
29,062
 
$
571,898
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
227
 
$
-
 
$
5,298
 
$
92
 
$
96
 
$
-
 
$
5,713
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: purchased credit impaired individually evaluated for impairment
 
$
1,691
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
$
1,691
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
211,837
 
$
535
 
$
254,181
 
$
218
 
$
68,661
 
$
29,062
 
$
564,494
 
Financing Receivable Credit Quality Indicators [Table Text Block]
The Bancorp's credit quality indicators are summarized below at December 31, 2016 and December 31, 2015:
 
 
 
(Dollars in thousands)
 
 
 
Corporate Credit Exposure - Credit Risk Portfolio By Creditworthiness Category
 
 
 
Commercial Real Estate, Construction
& Land Development, and Other
Dwellings
 
 
Commercial Participations Purchased
 
 
Commercial Business
 
 
Government
 
Loan Grades
 
2016
 
 
2015
 
 
2016
 
 
2015
 
 
2016
 
 
2015
 
 
2016
 
 
2015
 
2  Moderate risk
 
$
248
 
 
$
270
 
 
$
-
 
 
$
-
 
 
$
6,315
 
 
$
6,526
 
 
$
-
 
 
$
-
 
3  Above average acceptable risk
 
 
3,147
 
 
 
7,136
 
 
 
-
 
 
 
-
 
 
 
15,043
 
 
 
4,313
 
 
 
955
 
 
 
-
 
4  Acceptable risk
 
 
121,583
 
 
 
129,353
 
 
 
188
 
 
 
199
 
 
 
24,754
 
 
 
31,735
 
 
 
25,474
 
 
 
29,062
 
5  Marginally acceptable risk
 
 
100,615
 
 
 
74,342
 
 
 
83
 
 
 
-
 
 
 
18,787
 
 
 
12,225
 
 
 
3,100
 
 
 
-
 
6  Pass/monitor
 
 
38,326
 
 
 
38,337
 
 
 
16
 
 
 
19
 
 
 
10,653
 
 
 
11,774
 
 
 
-
 
 
 
-
 
7  Special mention (watch)
 
 
5,799
 
 
 
4,707
 
 
 
-
 
 
 
-
 
 
 
533
 
 
 
601
 
 
 
-
 
 
 
-
 
8  Substandard
 
 
374
 
 
 
5,334
 
 
 
82
 
 
 
92
 
 
 
1,214
 
 
 
1,583
 
 
 
-
 
 
 
-
 
Total
 
$
270,092
 
 
$
259,479
 
 
$
369
 
 
$
310
 
 
$
77,299
 
 
$
68,757
 
 
$
29,529
 
 
$
29,062
 
 
 
 
(Dollars in thousands)
 
 
 
Consumer Credit Exposure - Credit Risk Profile Based On Payment Activity
 
 
 
Residential Real Estate, Including
Home Equity
 
 
Consumer
 
 
 
2016
 
 
2015
 
 
2016
 
 
2015
 
Performing
 
$
200,446
 
 
$
209,583
 
 
$
524
 
 
$
535
 
Non-performing
 
 
5,021
 
 
 
4,549
 
 
 
-
 
 
 
-
 
Total
 
$
205,837
 
 
$
213,755
 
 
$
524
 
 
$
535
 
Impaired Financing Receivables [Table Text Block]
The Bancorp's individually evaluated impaired loans are summarized below:
 
 
 
As of December 31, 2016
 
For the twelve months ended
December 31, 2016
 
(Dollars in thousands)
 
Recorded
Investment
 
Unpaid Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
1,309
 
$
3,293
 
$
-
 
$
2,582
 
$
120
 
Commercial real estate, construction & land development, and other dwellings
 
 
356
 
 
356
 
 
-
 
 
1,256
 
 
-
 
Commercial participations purchased
 
 
82
 
 
82
 
 
-
 
 
16
 
 
6
 
Commercial business
 
 
212
 
 
212
 
 
-
 
 
168
 
 
4
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
1,066
 
 
1,066
 
 
879
 
 
348
 
 
6
 
Commercial real estate, construction & land development, and other dwellings
 
 
18
 
 
18
 
 
3
 
 
18
 
 
-
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
71
 
 
-
 
Commercial business
 
 
475
 
 
475
 
 
354
 
 
324
 
 
1
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
2,375
 
$
4,359
 
$
879
 
$
2,930
 
$
126
 
Commercial real estate, construction & land development, and other dwellings
 
$
374
 
$
374
 
$
3
 
$
1,274
 
$
-
 
Commercial participations purchased
 
$
82
 
$
82
 
$
-
 
$
87
 
$
6
 
Commercial business
 
$
687
 
$
687
 
$
354
 
$
492
 
$
5
 
 
 
 
As of December 31, 2015
 
For the twelve months ended
December 31, 2015
 
(Dollars in thousands)
 
Recorded
Investment
 
Unpaid Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
1,741
 
$
4,737
 
$
-
 
$
1,327
 
$
3
 
Commercial real estate, construction & land development, and other dwellings
 
 
5,075
 
 
5,075
 
 
-
 
 
5,040
 
 
8
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business
 
 
74
 
 
74
 
 
-
 
 
80
 
 
-
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
177
 
 
177
 
 
149
 
 
185
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
223
 
 
223
 
 
171
 
 
69
 
 
-
 
Commercial participations purchased
 
 
92
 
 
92
 
 
14
 
 
96
 
 
-
 
Commercial business
 
 
22
 
 
22
 
 
22
 
 
23
 
 
-
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
1,918
 
$
4,914
 
$
149
 
$
1,512
 
$
3
 
Commercial real estate, construction & land development, and other dwellings
 
$
5,298
 
$
5,298
 
$
171
 
$
5,109
 
$
8
 
Commercial participations purchased
 
$
92
 
$
92
 
$
14
 
$
96
 
$
-
 
Commercial business
 
$
96
 
$
96
 
$
22
 
$
103
 
$
-
 
Past Due Financing Receivables [Table Text Block]
The Bancorp's age analysis of past due loans is summarized below:
 
(Dollars in thousands)
 
 
30-59 Days Past
Due
 
60-89 Days Past
Due
 
Greater Than 90
Days Past Due
 
Total Past Due
 
Current
 
Total Loans
 
Recorded
Investments
Greater than
90 Days and
Accruing
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
3,974
 
$
1,775
 
$
4,024
 
$
9,773
 
$
196,064
 
$
205,837
 
$
500
 
Consumer
 
 
-
 
 
-
 
 
-
 
 
-
 
 
524
 
 
524
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
396
 
 
189
 
 
374
 
 
959
 
 
269,133
 
 
270,092
 
 
-
 
Commercial participations purchased
 
 
-
 
 
-
 
 
82
 
 
82
 
 
287
 
 
369
 
 
-
 
Commercial business
 
 
171
 
 
217
 
 
466
 
 
854
 
 
76,445
 
 
77,299
 
 
-
 
Government
 
 
-
 
 
-
 
 
-
 
 
-
 
 
29,529
 
 
29,529
 
 
-
 
Total
 
$
4,541
 
$
2,181
 
$
4,946
 
$
11,668
 
$
571,982
 
$
583,650
 
$
500
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
5,559
 
$
2,430
 
$
3,055
 
$
11,044
 
$
202,711
 
$
213,755
 
$
377
 
Consumer
 
 
-
 
 
-
 
 
-
 
 
-
 
 
535
 
 
535
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
-
 
 
211
 
 
710
 
 
921
 
 
258,558
 
 
259,479
 
 
-
 
Commercial participations purchased
 
 
-
 
 
-
 
 
92
 
 
92
 
 
218
 
 
310
 
 
-
 
Commercial business
 
 
67
 
 
177
 
 
22
 
 
266
 
 
68,491
 
 
68,757
 
 
-
 
Government
 
 
-
 
 
-
 
 
-
 
 
-
 
 
29,062
 
 
29,062
 
 
-
 
Total
 
$
5,626
 
$
2,818
 
$
3,879
 
$
12,323
 
$
559,575
 
$
571,898
 
$
377
 
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
The Bancorp's loans on nonaccrual status are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
December 31,
2016
 
December 31,
2015
 
Residential real estate, including home equity
 
$
4,521
 
$
4,172
 
Consumer
 
 
-
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
374
 
 
915
 
Commercial participations purchased
 
 
82
 
 
92
 
Commercial business
 
 
628
 
 
22
 
Government
 
 
-
 
 
-
 
Total
 
$
5,605
 
$
5,201