Quarterly report pursuant to Section 13 or 15(d)

Loans Receivable (Tables)

v3.7.0.1
Loans Receivable (Tables)
 6 Months Ended
Jun. 30, 2017
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Loans receivable are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
June 30, 2017
 
 
December 31, 2016
 
Loans secured by real estate:
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
207,970
 
 
$
205,979
 
Commercial real estate, construction & land development, and other dwellings
 
 
285,787
 
 
 
270,092
 
Commercial participations purchased
 
 
465
 
 
 
369
 
Total loans secured by real estate
 
 
494,222
 
 
 
476,440
 
Consumer
 
 
487
 
 
 
522
 
Commercial business
 
 
77,912
 
 
 
77,513
 
Government
 
 
30,592
 
 
 
29,529
 
Subtotal
 
 
603,213
 
 
 
584,004
 
Less:
 
 
 
 
 
 
 
 
Net deferred loan origination fees
 
 
(159
)
 
 
(162
)
Undisbursed loan funds
 
 
(2,110
)
 
 
(192
)
Loans receivable
 
$
600,944
 
 
$
583,650
 
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 three months ended June 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,601
 
 
$
28
 
 
$
4,352
 
 
$
-
 
 
$
795
 
 
$
58
 
 
$
6,834
 
Charge-offs
 
 
(71
)
 
 
(24
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(95
)
Recoveries
 
 
-
 
 
 
2
 
 
 
-
 
 
 
-
 
 
 
9
 
 
 
-
 
 
 
11
 
Provisions
 
 
107
 
 
 
24
 
 
 
(361
)
 
 
-
 
 
 
553
 
 
 
-
 
 
 
323
 
Ending Balance
 
$
1,637
 
 
$
30
 
 
$
3,991
 
 
$
-
 
 
$
1,357
 
 
$
58
 
 
$
7,073
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended June 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,731
 
 
$
44
 
 
$
4,601
 
 
$
13
 
 
$
747
 
 
$
72
 
 
$
7,208
 
Charge-offs
 
 
(164
)
 
 
(8
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(172
)
Recoveries
 
 
-
 
 
 
1
 
 
 
-
 
 
 
-
 
 
 
12
 
 
 
-
 
 
 
13
 
Provisions
 
 
203
 
 
 
-
 
 
 
6
 
 
 
(4
)
 
 
87
 
 
 
(4
)
 
 
288
 
Ending Balance
 
$
1,770
 
 
$
37
 
 
$
4,607
 
 
$
9
 
 
$
846
 
 
$
68
 
 
$
7,337
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the six months ended June 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
2,410
 
 
$
34
 
 
$
4,302
 
 
$
-
 
 
$
896
 
 
$
56
 
 
$
7,698
 
Charge-offs
 
 
(928
)
 
 
(30
)
 
 
-
 
 
 
-
 
 
 
(245
)
 
 
-
 
 
 
(1,203
)
Recoveries
 
 
-
 
 
 
4
 
 
 
-
 
 
 
-
 
 
 
17
 
 
 
-
 
 
 
21
 
Provisions
 
 
155
 
 
 
22
 
 
 
(311
)
 
 
-
 
 
 
689
 
 
 
2
 
 
 
557
 
Ending Balance
 
$
1,637
 
 
$
30
 
 
$
3,991
 
 
$
-
 
 
$
1,357
 
 
$
58
 
 
$
7,073
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the six months ended June 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,711
 
 
$
38
 
 
$
4,422
 
 
$
14
 
 
$
698
 
 
$
70
 
 
$
6,953
 
Charge-offs
 
 
(212
)
 
 
(12
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(224
)
Recoveries
 
 
-
 
 
 
4
 
 
 
-
 
 
 
-
 
 
 
20
 
 
 
-
 
 
 
24
 
Provisions
 
 
271
 
 
 
7
 
 
 
185
 
 
 
(5
)
 
 
128
 
 
 
(2
)
 
 
584
 
Ending Balance
 
$
1,770
 
 
$
37
 
 
$
4,607
 
 
$
9
 
 
$
846
 
 
$
68
 
 
$
7,337
 
  
(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 June 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
evaluated for impairment
 
$
15
 
 
$
-
 
 
$
127
 
 
$
-
 
 
$
649
 
 
$
-
 
 
$
791
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
evaluated for impairment
 
$
1,622
 
 
$
30
 
 
$
3,864
 
 
$
-
 
 
$
708
 
 
$
58
 
 
$
6,282
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LOAN RECEIVABLES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
207,827
 
 
$
490
 
 
$
285,787
 
 
$
465
 
 
$
75,783
 
 
$
30,592
 
 
$
600,944
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
569
 
 
$
-
 
 
$
615
 
 
$
78
 
 
$
908
 
 
$
-
 
 
$
2,170
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: purchased credit impaired individually evaluated for impairment
 
$
806
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
806
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
206,452
 
 
$
490
 
 
$
285,172
 
 
$
387
 
 
$
74,875
 
 
$
30,592
 
 
$
597,968
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
Financing Receivable Credit Quality Indicators [Table Text Block]
The Bancorp's credit quality indicators are summarized below at June 30, 2017 and December 31, 2016:
 
 
 
(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
 
 
2017
 
 
 
2016
 
 
 
2017
 
 
 
2016
 
 
 
2017
 
 
 
2016
 
 
 
2017
 
 
 
2016
 
2 Moderate risk
 
$
637
 
 
$
248
 
 
$
-
 
 
$
-
 
 
$
7,021
 
 
$
6,315
 
 
$
-
 
 
$
-
 
3 Above average acceptable risk
 
 
2,624
 
 
 
3,147
 
 
 
-
 
 
 
-
 
 
 
17,904
 
 
 
15,043
 
 
 
2,318
 
 
 
955
 
4 Acceptable risk
 
 
112,571
 
 
 
121,583
 
 
 
181
 
 
 
188
 
 
 
18,739
 
 
 
24,754
 
 
 
25,699
 
 
 
25,474
 
5 Marginally acceptable risk
 
 
111,429
 
 
 
100,615
 
 
 
191
 
 
 
83
 
 
 
18,205
 
 
 
18,787
 
 
 
2,575
 
 
 
3,100
 
6 Pass/monitor
 
 
41,312
 
 
 
38,326
 
 
 
15
 
 
 
16
 
 
 
12,060
 
 
 
10,653
 
 
 
-
 
 
 
-
 
7 Special mention (watch)
 
 
16,599
 
 
 
5,799
 
 
 
-
 
 
 
-
 
 
 
457
 
 
 
533
 
 
 
-
 
 
 
-
 
8 Substandard
 
 
615
 
 
 
374
 
 
 
78
 
 
 
82
 
 
 
1,397
 
 
 
1,214
 
 
 
-
 
 
 
-
 
Total
 
$
285,787
 
 
$
270,092
 
 
$
465
 
 
$
369
 
 
$
75,783
 
 
$
77,299
 
 
$
30,592
 
 
$
29,529
 
 
 
 
(Dollars in thousands)
 
 
 
Consumer Credit Exposure - Credit Risk Profile Based On Payment Activity
 
 
 
Residential Real Estate, Including
Home Equity
 
 
Consumer
 
 
 
2017
 
 
2016
 
 
2017
 
 
2016
 
Performing
 
$
203,983
 
 
$
200,816
 
 
$
490
 
 
$
524
 
Non-performing
 
 
3,844
 
 
 
5,021
 
 
 
-
 
 
 
-
 
Total
 
$
207,827
 
 
$
205,837
 
 
$
490
 
 
$
524
 
Impaired Financing Receivables [Table Text Block]
The Bancorp's individually evaluated impaired loans are summarized below:
 
 
 
As of June 30, 2017
 
 
For the six months ended
June 30, 2017
 
(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
 
$
1,300
 
 
$
4,137
 
 
$
-
 
 
$
1,333
 
 
$
22
 
Commercial real estate, construction & land development, and other dwellings
 
 
475
 
 
 
475
 
 
 
-
 
 
 
435
 
 
 
-
 
Commercial participations purchased
 
 
78
 
 
 
78
 
 
 
-
 
 
 
80
 
 
 
3
 
Commercial business
 
 
200
 
 
 
200
 
 
 
-
 
 
 
206
 
 
 
2
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
75
 
 
 
75
 
 
 
15
 
 
 
380
 
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
140
 
 
 
140
 
 
 
127
 
 
 
99
 
 
 
-
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
708
 
 
 
708
 
 
 
649
 
 
 
454
 
 
 
4
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
1,375
 
 
$
4,212
 
 
$
15
 
 
$
1,713
 
 
$
22
 
Commercial real estate, construction & land development, and other dwellings
 
$
615
 
 
$
615
 
 
$
127
 
 
$
534
 
 
$
-
 
Commercial participations purchased
 
$
78
 
 
$
78
 
 
$
-
 
 
$
80
 
 
$
3
 
Commercial business
 
$
908
 
 
$
908
 
 
$
649
 
 
$
660
 
 
$
6
 
 
 
 
As of December 31, 2016
 
 
For the six months ended
June 30, 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
 
 
$
-
 
 
$
2,882
 
 
$
64
 
Commercial real estate, construction & land development, and other dwellings
 
 
356
 
 
 
356
 
 
 
-
 
 
 
1,855
 
 
 
-
 
Commercial participations purchased
 
 
82
 
 
 
82
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
212
 
 
 
212
 
 
 
-
 
 
 
271
 
 
 
2
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
1,066
 
 
 
1,066
 
 
 
879
 
 
 
171
 
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
18
 
 
 
18
 
 
 
3
 
 
 
18
 
 
 
-
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
-
 
 
 
90
 
 
 
3
 
Commercial business
 
 
475
 
 
 
475
 
 
 
354
 
 
 
103
 
 
 
-
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
2,375
 
 
$
4,359
 
 
$
879
 
 
$
3,053
 
 
$
64
 
Commercial real estate, construction & land development, and other dwellings
 
$
374
 
 
$
374
 
 
$
3
 
 
$
1,873
 
 
$
-
 
Commercial participations purchased
 
$
82
 
 
$
82
 
 
$
-
 
 
$
90
 
 
$
3
 
Commercial business
 
$
687
 
 
$
687
 
 
$
354
 
 
$
374
 
 
$
2
 
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 Past
Due and
Accruing
 
June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
3,174
 
 
$
1,898
 
 
$
3,007
 
 
$
8,079
 
 
$
199,748
 
 
$
207,827
 
 
$
219
 
Consumer
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
490
 
 
 
490
 
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
610
 
 
 
152
 
 
 
800
 
 
 
1,562
 
 
 
284,225
 
 
 
285,787
 
 
 
184
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
78
 
 
 
78
 
 
 
387
 
 
 
465
 
 
 
-
 
Commercial business
 
 
156
 
 
 
48
 
 
 
189
 
 
 
393
 
 
 
75,390
 
 
 
75,783
 
 
 
-
 
Government
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
30,592
 
 
 
30,592
 
 
 
-
 
Total
 
$
3,940
 
 
$
2,098
 
 
$
4,074
 
 
$
10,112
 
 
$
590,832
 
 
$
600,944
 
 
$
403
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
The Bancorp's loans on nonaccrual status are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
June 30,
2017
 
 
December 31,
2016
 
Residential real estate, including home equity
 
$
3,625
 
 
$
4,521
 
Consumer
 
 
-
 
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
615
 
 
 
374
 
Commercial participations purchased
 
 
78
 
 
 
82
 
Commercial business
 
 
853
 
 
 
628
 
Government
 
 
-
 
 
 
-
 
Total
 
$
5,171
 
 
$
5,605