Quarterly report pursuant to Section 13 or 15(d)

Loans Receivable (Tables)

v2.4.0.8
Loans Receivable (Tables)
 9 Months Ended
Sep. 30, 2013
Receivables [Abstract]  
Schedule of Classification of Loans Receivable [Table Text Block]
 
 
(Dollars in thousands)
 
 
 
September 30, 2013
 
December 31, 2012
 
Loans secured by real estate:
 
 
 
 
 
 
 
Construction and land development
 
$
18,489
 
$
23,984
 
Residential, including home equity
 
 
161,180
 
 
154,945
 
Commercial real estate and other dwelling
 
 
170,695
 
 
179,825
 
Total loans secured by real estate
 
 
350,364
 
 
358,754
 
Consumer loans
 
 
242
 
 
350
 
Commercial business
 
 
58,653
 
 
69,310
 
Government and other
 
 
19,919
 
 
8,869
 
Subtotal
 
 
429,178
 
 
437,283
 
Less:
 
 
 
 
 
 
 
Net deferred loan origination fees
 
 
(252)
 
 
(251)
 
Undisbursed loan funds
 
 
(120)
 
 
(51)
 
Loans receivable
 
$
428,806
 
$
436,981
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
(Dollars in thousands)
 
Residential Real
Estate, Including
Home Equity
 
Consumer Loans
 
Commercial Real
Estate,
Construction &
Land Development,
and Other
Dwellings
 
Commercial
Participations
Purchased
 
Commercial
Business Loans
 
Government
Loans
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses is summarized below for the nine months ended September 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,024
 
$
19
 
$
4,550
 
$
1,608
 
$
1,220
 
$
-
 
$
8,421
 
Charge-offs
 
 
(124)
 
 
(10)
 
 
(307)
 
 
(333)
 
 
(567)
 
 
-
 
 
(1,341)
 
Recoveries
 
 
1
 
 
5
 
 
-
 
 
137
 
 
9
 
 
-
 
 
152
 
Provisions
 
 
636
 
 
-
 
 
642
 
 
(1,251)
 
 
303
 
 
50
 
 
380
 
Ending Balance
 
$
1,537
 
$
14
 
$
4,885
 
$
161
 
$
965
 
$
50
 
$
7,612
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses is summarized below for the nine months ended September 30, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,161
 
$
15
 
$
3,329
 
$
2,399
 
$
1,101
 
$
-
 
$
8,005
 
Charge-offs
 
 
(236)
 
 
(13)
 
 
(254)
 
 
(503)
 
 
(210)
 
 
-
 
 
(1,216)
 
Recoveries
 
 
3
 
 
4
 
 
13
 
 
108
 
 
31
 
 
-
 
 
159
 
Provisions
 
 
149
 
 
22
 
 
1,667
 
 
(359)
 
 
146
 
 
-
 
 
1,625
 
Ending Balance
 
$
1,077
 
$
28
 
$
4,755
 
$
1,645
 
$
1,068
 
$
-
 
$
8,573
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's allowance for loan losses impairment evaluation and financing receivables are summarized below at September 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
17
 
$
-
 
$
1,669
 
$
-
 
$
36
 
$
-
 
$
1,722
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
1,520
 
$
14
 
$
3,216
 
$
161
 
$
929
 
$
50
 
$
5,890
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FINANCING RECEIVABLES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
160,907
 
$
239
 
$
183,203
 
$
5,982
 
$
58,556
 
$
19,919
 
$
428,806
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
896
 
$
-
 
$
8,505
 
$
-
 
$
928
 
$
-
 
$
10,329
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
160,011
 
$
239
 
$
174,698
 
$
5,982
 
$
57,628
 
$
19,919
 
$
418,477
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's allowance for loan losses impairment evaluation and financing receivables are summarized below at December 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
9
 
$
-
 
$
1,783
 
$
-
 
$
209
 
$
-
 
$
2,001
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
1,015
 
$
19
 
$
2,767
 
$
1,608
 
$
1,011
 
$
-
 
$
6,420
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FINANCING RECEIVABLES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
154,627
 
$
347
 
$
175,769
 
$
28,040
 
$
69,329
 
$
8,869
 
$
436,981
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
692
 
$
-
 
$
10,778
 
$
6,378
 
$
2,032
 
$
-
 
$
19,880
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
153,935
 
$
347
 
$
164,991
 
$
21,662
 
$
67,297
 
$
8,869
 
$
417,101
 
Financing Receivable Credit Quality Indicators [Table Text Block]
The Bancorp's credit quality indicators, are summarized below at September 30, 2013 and December 31, 2012:
 
 
 
(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 Loans
 
Government
Loans
 
Loan Grades
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
2 Moderate risk
 
$
-
 
$
19
 
$
-
 
$
-
 
$
5,147
 
$
5,674
 
$
-
 
$
-
 
3 Acceptable risk
 
 
133,326
 
 
110,416
 
 
5,499
 
 
15,585
 
 
39,406
 
 
45,202
 
 
19,919
 
 
8,869
 
4 Pass/monitor
 
 
37,812
 
 
51,100
 
 
204
 
 
1,029
 
 
12,541
 
 
13,500
 
 
-
 
 
-
 
5 Special mention (watch)
 
 
3,459
 
 
3,630
 
 
279
 
 
5,984
 
 
600
 
 
3,300
 
 
-
 
 
-
 
6 Substandard
 
 
8,606
 
 
10,604
 
 
-
 
 
5,442
 
 
862
 
 
1,653
 
 
-
 
 
-
 
7 Doubtful
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Total
 
$
183,203
 
$
175,769
 
$
5,982
 
$
28,040
 
$
58,556
 
$
69,329
 
$
19,919
 
$
8,869
 
 
 
 
(Dollars in thousands)
 
 
 
Consumer Credit Exposure - Credit Risk Profile Based On Payment Activity
 
 
 
Residential Real Estate,
Including Home Equity
 
Consumer Loans
 
 
 
2013
 
2012
 
2013
 
2012
 
Performing
 
$
157,802
 
$
152,838
 
$
239
 
$
337
 
Non-performing
 
 
3,105
 
 
1,789
 
 
-
 
 
10
 
Total
 
$
160,907
 
$
154,627
 
$
239
 
$
347
 
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
The Bancorp's troubled debt restructurings for the nine month periods presented are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
Number of
Contracts
 
Pre-Modification
Outstanding
Recorded
Investment
 
Post-Modification
Outstanding
Recorded
Investment
 
Number of
Contracts
 
Pre-
Modification
Outstanding
Recorded
Investment
 
Post-
Modification
Outstanding
Recorded
Investment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2013
 
September 30, 2012
 
Troubled debt restructurings during the period:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
6
 
$
792
 
$
782
 
 
8
 
$
741
 
$
737
 
Consumer loans
 
 
-
 
 
-
 
 
-
 
 
 
 
 
-
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
-
 
 
-
 
 
-
 
 
3
 
 
3,868
 
 
1,838
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business loans
 
 
-
 
 
-
 
 
-
 
 
1
 
 
108
 
 
102
 
Government loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Schedule of Impaired Loans Receivable, Additional Information [Table Text Block]
The Bancorp's individually evaluated impaired loans are summarized below:
 
 
 
As of September 30, 2013
 
For the nine months ended
September 30, 2013
 
(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
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
620
 
 
620
 
 
-
 
 
891
 
 
23
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business loans
 
 
616
 
 
700
 
 
-
 
 
938
 
 
3
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
896
 
 
907
 
 
17
 
 
871
 
 
22
 
Commercial real estate, construction & land development, and other dwellings
 
 
7,885
 
 
7,885
 
 
1,669
 
 
9,360
 
 
217
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business loans
 
 
312
 
 
580
 
 
36
 
 
559
 
 
7
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
896
 
$
907
 
$
17
 
$
871
 
$
22
 
Commercial real estate, construction & land development, and other dwellings
 
$
8,505
 
$
8,505
 
$
1,669
 
$
10,251
 
$
240
 
Commercial participations purchased
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
Commercial business loans
 
$
928
 
$
1,280
 
$
36
 
$
1,497
 
$
10
 
 
 
 
As of December 31, 2012
 
For the nine months ended
September 30, 2012
 
(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.
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
591
 
 
591
 
 
-
 
 
677
 
 
5
 
Commercial participations purchased
 
 
6,378
 
 
11,047
 
 
-
 
 
4,106
 
 
-
 
Commercial business loans
 
 
727
 
 
1,000
 
 
-
 
 
864
 
 
35
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity.
 
 
692
 
 
692
 
 
9
 
 
930
 
 
13
 
Commercial real estate, construction & land development, and other dwellings
 
 
10,187
 
 
10,271
 
 
1,783
 
 
10,240
 
 
399
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
2,566
 
 
-
 
Commercial business loans
 
 
1,305
 
 
1,305
 
 
209
 
 
1,047
 
 
-
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity.
 
$
692
 
$
692
 
$
9
 
$
930
 
$
13
 
Commercial real estate, construction & land development, and other dwellings
 
$
10,778
 
$
10,862
 
$
1,783
 
$
10,917
 
$
404
 
Commercial participations purchased
 
$
6,378
 
$
11,047
 
$
-
 
$
6,672
 
$
-
 
Commercial business loans
 
$
2,032
 
$
2,305
 
$
209
 
$
1,911
 
$
35
 
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
 
September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
4,002
 
$
714
 
$
1,885
 
$
6,601
 
$
154,306
 
$
160,907
 
$
182
 
Consumer loans
 
 
2
 
 
-
 
 
-
 
 
2
 
 
237
 
 
239
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
1,135
 
 
2,459
 
 
809
 
 
4,403
 
 
178,800
 
 
183,203
 
 
-
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
-
 
 
5,982
 
 
5,982
 
 
-
 
Commercial business loans
 
 
20
 
 
139
 
 
839
 
 
998
 
 
57,558
 
 
58,556
 
 
-
 
Government loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
19,919
 
 
19,919
 
 
-
 
Total
 
$
5,159
 
$
3,312
 
$
3,533
 
$
12,004
 
$
416,802
 
$
428,806
 
$
182
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
4,172
 
$
1,145
 
$
1,448
 
$
6,765
 
$
147,862
 
$
154,627
 
$
-
 
Consumer loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
347
 
 
347
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
4,044
 
 
390
 
 
1,993
 
 
6,427
 
 
169,342
 
 
175,769
 
 
229
 
Commercial participations purchased
 
 
5
 
 
-
 
 
5,442
 
 
5,447
 
 
22,593
 
 
28,040
 
 
-
 
Commercial business loans
 
 
689
 
 
116
 
 
1,525
 
 
2,330
 
 
66,999
 
 
69,329
 
 
-
 
Government loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
8,869
 
 
8,869
 
 
-
 
Total
 
$
8,910
 
$
1,651
 
$
10,408
 
$
20,969
 
$
416,012
 
$
436,981
 
$
229
 
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
The Bancorp's loans on nonaccrual status are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
September 30,
2013
 
December 31,
2012
 
Residential real estate, including home equity.
 
$
2,922
 
$
1,846
 
Consumer loans
 
 
-
 
 
10
 
Commercial real estate, construction & land development, and other dwellings
 
 
809
 
 
2,311
 
Commercial participations purchased
 
 
-
 
 
5,442
 
Commercial business loans
 
 
839
 
 
1,644
 
Government loans
 
 
-
 
 
-
 
Total
 
$
4,570
 
$
11,253