Quarterly report pursuant to Section 13 or 15(d)

Loans Receivable (Tables)

v2.4.0.8
Loans Receivable (Tables)
 9 Months Ended
Sep. 30, 2014
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
 
 
(Dollars in thousands)
 
 
 
September 30, 2014
 
December 31, 2013
 
Loans secured by real estate:
 
 
 
 
 
 
 
Residential, including home equity
 
$
189,118
 
$
161,932
 
Commercial real estate, construction & land development, and other dwelling
 
 
209,205
 
 
195,423
 
Commercial participations purchased
 
 
2,312
 
 
1,273
 
Total loans secured by real estate
 
 
400,635
 
 
358,628
 
Consumer loans
 
 
466
 
 
237
 
Commercial business
 
 
63,352
 
 
57,716
 
Government and other
 
 
27,542
 
 
21,587
 
Subtotal
 
 
491,995
 
 
438,168
 
Less:
 
 
 
 
 
 
 
Net deferred loan origination fees
 
 
(188)
 
 
(252)
 
Undisbursed loan funds
 
 
(169)
 
 
(95)
 
Loan receivables
 
$
491,638
 
$
437,821
 
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, by loan segment, is summarized below for the three months ended September 30, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,448
 
$
29
 
$
3,725
 
$
25
 
$
869
 
$
80
 
$
6,176
 
Charge-offs
 
 
(110)
 
 
(14)
 
 
(3)
 
 
-
 
 
-
 
 
-
 
 
(127)
 
Recoveries
 
 
-
 
 
-
 
 
4
 
 
-
 
 
13
 
 
-
 
 
17
 
Provisions
 
 
261
 
 
14
 
 
(67)
 
 
9
 
 
(51)
 
 
(1)
 
 
165
 
Ending Balance
 
$
1,599
 
$
29
 
$
3,659
 
$
34
 
$
831
 
$
79
 
$
6,231
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended September 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,450
 
$
15
 
$
4,339
 
$
851
 
$
1,082
 
$
27
 
$
7,764
 
Charge-offs
 
 
(7)
 
 
(4)
 
 
(307)
 
 
-
 
 
(129)
 
 
-
 
 
(447)
 
Recoveries
 
 
-
 
 
2
 
 
-
 
 
137
 
 
6
 
 
-
 
 
145
 
Provisions
 
 
94
 
 
1
 
 
853
 
 
(827)
 
 
6
 
 
23
 
 
150
 
Ending Balance
 
$
1,537
 
$
14
 
$
4,885
 
$
161
 
$
965
 
$
50
 
$
7,612
 
 
 
 
 
 
 
 
Commercial Real
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Estate,
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction &
 
 
 
 
 
 
 
 
 
 
 
Residential Real
 
 
 
Land
 
Commercial
 
 
 
 
 
 
 
 
 
Estate, Including
 
 
 
Development, and
 
Participations
 
Commercial
 
Government
 
 
 
(Dollars in thousands)
 
Home Equity
 
Consumer Loans
 
Other Dwellings
 
Purchased
 
Business Loans
 
Loans
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the nine months ended September 30, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,444
 
$
12
 
$
4,789
 
$
31
 
$
859
 
$
54
 
$
7,189
 
Charge-offs
 
 
(123)
 
 
(26)
 
 
(1,421)
 
 
-
 
 
-
 
 
-
 
 
(1,570)
 
Recoveries
 
 
2
 
 
-
 
 
17
 
 
2
 
 
16
 
 
-
 
 
37
 
Provisions
 
 
276
 
 
43
 
 
274
 
 
1
 
 
(44)
 
 
25
 
 
575
 
Ending Balance
 
$
1,599
 
$
29
 
$
3,659
 
$
34
 
$
831
 
$
79
 
$
6,231
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, 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 allowance for loan losses impairment evaluation and loan receivables are summarized below at September 30, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
14
 
$
-
 
$
319
 
$
12
 
$
34
 
$
-
 
$
379
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
1,585
 
$
29
 
$
3,340
 
$
22
 
$
797
 
$
79
 
$
5,852
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LOAN RECEIVABLES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
188,891
 
$
464
 
$
209,205
 
$
2,312
 
$
63,224
 
$
27,542
 
$
491,638
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
105
 
$
-
 
$
6,284
 
$
104
 
$
331
 
$
-
 
$
6,824
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: purchased credit impaired individually evaluated for impairment
 
$
579
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
$
579
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
188,207
 
$
464
 
$
202,921
 
$
2,208
 
$
62,893
 
$
27,542
 
$
484,235
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's allowance for loan losses impairment evaluation and loan 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
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LOAN 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
 
Financing Receivable Credit Quality Indicators [Table Text Block]
The Bancorp's credit quality indicators, are summarized below at September 30, 2014 and December 31, 2013:
 
 
 
 
 
(Dollars in thousands)
 
 
 
 
 
Corporate Credit Exposure - Credit Risk Portfolio By Creditworthiness Category
 
 
 
 
 
Commercial Real Estate, Construction
 
 
 
 
 
Government
 
 
 
 
 
& Land Development, and Other Dwellings
 
Commercial Participations Purchased
 
Commercial Business Loans
 
Loans
 
Loan Grades
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2
 
Moderate risk
 
$
-
 
$
-
 
$
-
 
$
-
 
$
4,252
 
$
4,279
 
$
-
 
$
-
 
3
 
Acceptable risk
 
 
167,893
 
 
150,303
 
 
2,088
 
 
1,013
 
 
46,573
 
 
41,474
 
 
27,542
 
 
21,587
 
4
 
Pass/monitor
 
 
30,163
 
 
33,153
 
 
120
 
 
260
 
 
10,788
 
 
11,173
 
 
-
 
 
-
 
5
 
Special mention (watch)
 
 
4,692
 
 
3,348
 
 
-
 
 
-
 
 
1,279
 
 
88
 
 
-
 
 
-
 
6
 
Substandard
 
 
6,457
 
 
8,545
 
 
104
 
 
-
 
 
332
 
 
702
 
 
-
 
 
-
 
7
 
Doubtful
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
Total
 
$
209,205
 
$
195,349
 
$
2,312
 
$
1,273
 
$
63,224
 
$
57,716
 
$
27,542
 
$
21,587
 
 
 
 
(Dollars in thousands)
 
 
 
Consumer Credit Exposure - Credit Risk Profile Based On Payment Activity
 
 
 
Residential Real Estate,
 
 
 
 
 
Including Home Equity
 
Consumer Loans
 
 
 
2014
 
2013
 
2014
 
2013
 
Performing
 
$
185,794
 
$
158,963
 
$
464
 
$
232
 
Non-performing
 
 
3,097
 
 
2,701
 
 
-
 
 
-
 
Total
 
$
188,891
 
$
161,664
 
$
464
 
$
232
 
Impaired Financing Receivables [Table Text Block]
The Bancorp's individually evaluated impaired loans are summarized below:
 
 
 
 
 
 
 
 
 
 
 
 
For the nine months ended
 
 
 
As of September 30, 2014
 
September 30, 2014
 
 
 
 
 
Unpaid
 
 
 
Average
 
Interest
 
 
 
Recorded
 
Principal
 
Related
 
Recorded
 
Income
 
(Dollars in thousands)
 
Investment
 
Balance
 
Allowance
 
Investment
 
Recognized
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
-
 
$
-
 
$
-
 
$
200
 
$
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
525
 
 
525
 
 
-
 
 
848
 
 
19
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business loans
 
 
25
 
 
25
 
 
-
 
 
198
 
 
-
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
684
 
 
684
 
 
14
 
 
560
 
 
17
 
Commercial real estate, construction & land development, and other dwellings
 
 
5,759
 
 
5,759
 
 
319
 
 
6,536
 
 
149
 
Commercial participations purchased
 
 
104
 
 
1,340
 
 
12
 
 
26
 
 
2
 
Commercial business loans
 
 
306
 
 
574
 
 
34
 
 
285
 
 
5
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
684
 
$
684
 
$
14
 
$
760
 
$
17
 
Commercial real estate, construction & land development, and other dwellings
 
$
6,284
 
$
6,284
 
$
319
 
$
7,385
 
$
168
 
Commercial participations purchased
 
$
104
 
$
1,340
 
$
12
 
$
26
 
$
2
 
Commercial business loans
 
$
331
 
$
599
 
$
34
 
$
483
 
$
5
 
 
 
 
 
 
 
 
 
 
 
 
 
For the nine months ended
 
 
 
As of December 31, 2013
 
September 30, 2013
 
 
 
 
 
Unpaid
 
 
 
Average
 
Interest
 
 
 
Recorded
 
Principal
 
Related
 
Recorded
 
Income
 
(Dollars in thousands)
 
Investment
 
Balance
 
Allowance
 
Investment
 
Recognized
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
617
 
 
617
 
 
-
 
 
891
 
 
23
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business loans
 
 
228
 
 
228
 
 
-
 
 
938
 
 
3
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
887
 
 
899
 
 
16
 
 
871
 
 
22
 
Commercial real estate, construction & land development, and other dwellings
 
 
7,829
 
 
7,829
 
 
1,657
 
 
9,360
 
 
217
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business loans
 
 
306
 
 
574
 
 
30
 
 
559
 
 
7
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
887
 
$
899
 
$
16
 
$
871
 
$
22
 
Commercial real estate, construction & land development, and other dwellings
 
$
8,446
 
$
8,446
 
$
1,657
 
$
10,251
 
$
240
 
Commercial participations purchased
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
Commercial business loans
 
$
534
 
$
802
 
$
30
 
$
1,497
 
$
10
 
Past Due Financing Receivables [Table Text Block]
The Bancorp's age analysis of past due loans is summarized below:
 
 
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Greater than
 
 
 
30-59 Days Past
 
60-89 Days Past
 
Greater Than 90
 
 
 
 
 
 
 
 
 
 
90 Days and
 
 
 
Due
 
Due
 
Days Past Due
 
Total Past Due
 
Current
 
Total Loans
 
Accruing
 
September 30, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
5,024
 
$
3,123
 
$
2,704
 
$
10,851
 
$
178,040
 
$
188,891
 
$
700
 
Consumer loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
464
 
 
464
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
355
 
 
-
 
 
1,784
 
 
2,139
 
 
207,066
 
 
209,205
 
 
526
 
Commercial participations purchased
 
 
1
 
 
-
 
 
104
 
 
105
 
 
2,207
 
 
2,312
 
 
-
 
Commercial business loans
 
 
491
 
 
44
 
 
237
 
 
772
 
 
62,452
 
 
63,224
 
 
-
 
Government loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
27,542
 
 
27,542
 
 
-
 
Total
 
$
5,871
 
$
3,167
 
$
4,829
 
$
13,867
 
$
477,771
 
$
491,638
 
$
1,226
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
3,721
 
$
1,090
 
$
1,502
 
$
6,313
 
$
155,351
 
$
161,664
 
$
174
 
Consumer loans
 
 
1
 
 
-
 
 
-
 
 
1
 
 
231
 
 
232
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
1,083
 
 
2,626
 
 
768
 
 
4,477
 
 
190,872
 
 
195,349
 
 
-
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
-
 
 
1,273
 
 
1,273
 
 
-
 
Commercial business loans
 
 
1,032
 
 
25
 
 
447
 
 
1,504
 
 
56,212
 
 
57,716
 
 
-
 
Government loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
21,587
 
 
21,587
 
 
-
 
Total
 
$
5,837
 
$
3,741
 
$
2,717
 
$
12,295
 
$
425,526
 
$
437,821
 
$
174
 
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,
 
December 31,
 
 
 
2014
 
2013
 
Residential real estate, including home equity
 
$
3,097
 
$
2,526
 
Consumer loans
 
 
-
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
1,396
 
 
807
 
Commercial participations purchased
 
 
-
 
 
-
 
Commercial business loans
 
 
237
 
 
447
 
Government loans
 
 
-
 
 
-
 
Total
 
$
4,730
 
$
3,780