Annual report pursuant to Section 13 and 15(d)

Loans Receivable (Tables)

v2.4.1.9
Loans Receivable (Tables)
 12 Months Ended
Dec. 31, 2014
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Year end loans are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
December 31, 2014
 
 
December 31, 2013
 
Loans secured by real estate:
 
 
 
 
 
 
 
 
Residential, including home equity
 
$
189,743
 
 
$
161,932
 
Commercial real estate, construction & land development, and other dwellings
 
 
211,162
 
 
 
195,423
 
Commercial participations purchased
 
 
2,289
 
 
 
1,273
 
Total loans secured by real estate
 
 
403,194
 
 
 
358,628
 
Consumer loans
 
 
358
 
 
 
237
 
Commercial business
 
 
58,790
 
 
 
57,716
 
Government loans
 
 
26,134
 
 
 
21,587
 
Subtotal
 
 
488,476
 
 
 
438,168
 
Less:
 
 
 
 
 
 
 
 
Net deferred loan origination fees
 
 
(197
)
 
 
(252
)
Undisbursed loan funds
 
 
(126
)
 
 
(95
)
Loan receivables
 
$
488,153
 
 
$
437,821
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
 
 
 
 
 
 
 
 
 
Commercial Real
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Estate,
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction &
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Real
 
 
 
 
 
Development,
 
 
Commercial
 
 
Commercial
 
 
 
 
 
 
 
 
 
Estate, Including
 
 
 
 
 
and Other
 
 
Participations
 
 
Business
 
 
Government
 
 
 
 
(Dollars in thousands)
 
Home Equity
 
 
Consumer Loans
 
 
Dwellings
 
 
Purchased
 
 
Loans
 
 
Loans
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the twelve months ended December 31, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,444
 
 
$
12
 
 
$
4,789
 
 
$
31
 
 
$
859
 
 
$
54
 
 
$
7,189
 
Charge-offs
 
 
(311
)
 
 
(32
)
 
 
(1,421
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(1,764
)
Recoveries
 
 
20
 
 
 
1
 
 
 
17
 
 
 
2
 
 
 
21
 
 
 
-
 
 
 
61
 
Provisions
 
 
725
 
 
 
36
 
 
 
260
 
 
 
(20
)
 
 
(147
)
 
 
21
 
 
 
875
 
Ending Balance
 
$
1,878
 
 
$
17
 
 
$
3,645
 
 
$
13
 
 
$
733
 
 
$
75
 
 
$
6,361
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the twelve months ended December 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,024
 
 
$
19
 
 
$
4,550
 
 
$
1,608
 
 
$
1,220
 
 
$
-
 
 
$
8,421
 
Charge-offs
 
 
(153
)
 
 
(17
)
 
 
(788
)
 
 
(332
)
 
 
(567
)
 
 
-
 
 
 
(1,857
)
Recoveries
 
 
1
 
 
 
5
 
 
 
9
 
 
 
137
 
 
 
23
 
 
 
-
 
 
 
175
 
Provisions
 
 
572
 
 
 
5
 
 
 
1,018
 
 
 
(1,382
)
 
 
183
 
 
 
54
 
 
 
450
 
Ending Balance
 
$
1,444
 
 
$
12
 
 
$
4,789
 
 
$
31
 
 
$
859
 
 
$
54
 
 
$
7,189
 
 
 
 
 
 
 
 
 
 
Commercial Real
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Estate,
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction &
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Real
 
 
 
 
 
Development,
 
 
Commercial
 
 
Commercial
 
 
 
 
 
 
 
 
 
Estate, Including
 
 
 
 
 
and Other
 
 
Participations
 
 
Business
 
 
Government
 
 
 
 
(Dollars in thousands)
 
Home Equity
 
 
Consumer Loans
 
 
Dwellings
 
 
Purchased
 
 
Loans
 
 
Loans
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at December 31, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
15
 
 
$
-
 
 
$
366
 
 
$
11
 
 
$
34
 
 
$
-
 
 
$
426
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
1,863
 
 
$
17
 
 
$
3,279
 
 
$
2
 
 
$
699
 
 
$
75
 
 
$
5,935
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LOAN RECEIVABLES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
189,529
 
 
$
357
 
 
$
211,162
 
 
$
2,289
 
 
$
58,682
 
 
$
26,134
 
 
$
488,153
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
97
 
 
$
-
 
 
$
6,240
 
 
$
103
 
 
$
328
 
 
$
-
 
 
$
6,768
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: purchased credit impaired individually evaluated for impairment
 
$
588
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
588
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
188,844
 
 
$
357
 
 
$
204,922
 
 
$
2,186
 
 
$
58,354
 
 
$
26,134
 
 
$
480,797
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at December 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
16
 
 
$
-
 
 
$
1,657
 
 
$
-
 
 
$
30
 
 
$
-
 
 
$
1,703
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
1,428
 
 
$
12
 
 
$
3,132
 
 
$
31
 
 
$
829
 
 
$
54
 
 
$
5,486
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LOAN RECEIVABLES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
161,664
 
 
$
232
 
 
$
195,349
 
 
$
1,273
 
 
$
57,716
 
 
$
21,587
 
 
$
437,821
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
887
 
 
$
-
 
 
$
8,446
 
 
$
-
 
 
$
534
 
 
$
-
 
 
$
9,867
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
160,777
 
 
$
232
 
 
$
186,903
 
 
$
1,273
 
 
$
57,182
 
 
$
21,587
 
 
$
427,954
 
Financing Receivable Credit Quality Indicators [Table Text Block]
The Bancorp's credit quality indicators, are summarized below at December 31, 2014 and December 31, 2013:
 
 
 
 
 
(Dollars in thousands)
 
 
 
 
 
Corporate Credit Exposure - Credit Risk Portfolio By Creditworthiness Category
 
 
 
 
 
Commercial Real Estate, Construction
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
& Land Development, and Other
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Government
 
 
 
 
 
Dwellings
 
 
Commercial Participations Purchased
 
 
Commercial Business Loans
 
 
Loans
 
 
 
Loan Grades
 
2014
 
 
2013
 
 
2014
 
 
2013
 
 
2014
 
 
2013
 
 
2014
 
 
2013
 
2
 
Moderate risk
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
4,920
 
 
$
4,279
 
 
$
-
 
 
$
-
 
3
 
Acceptable risk
 
 
170,423
 
 
 
150,303
 
 
 
2,071
 
 
 
1,013
 
 
 
41,197
 
 
 
41,474
 
 
 
26,134
 
 
 
21,587
 
4
 
Pass/monitor
 
 
29,678
 
 
 
33,153
 
 
 
115
 
 
 
260
 
 
 
10,893
 
 
 
11,173
 
 
 
-
 
 
 
-
 
5
 
Special mention (watch)
 
 
4,649
 
 
 
3,348
 
 
 
-
 
 
 
-
 
 
 
1,343
 
 
 
88
 
 
 
-
 
 
 
-
 
6
 
Substandard
 
 
6,412
 
 
 
8,545
 
 
 
103
 
 
 
-
 
 
 
329
 
 
 
702
 
 
 
-
 
 
 
-
 
7
 
Doubtful
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
Total
 
$
211,162
 
 
$
195,349
 
 
$
2,289
 
 
$
1,273
 
 
$
58,682
 
 
$
57,716
 
 
$
26,134
 
 
$
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
 
$
185,996
 
 
$
158,963
 
 
$
357
 
 
$
232
 
Non-performing
 
 
3,533
 
 
 
2,701
 
 
 
-
 
 
 
-
 
Total
 
$
189,529
 
 
$
161,664
 
 
$
357
 
 
$
232
 
Impaired Financing Receivables [Table Text Block]
The Bancorp's individually evaluated impaired loans are summarized below:
 
 
 
 
 
 
 
 
 
 
 
 
For the twelve months ended
 
 
 
As of December 31, 2014
 
 
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Average
 
 
Interest
 
 
 
Recorded
 
 
Unpaid 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
 
 
524
 
 
 
524
 
 
 
-
 
 
 
527
 
 
 
22
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business loans
 
 
25
 
 
 
25
 
 
 
-
 
 
 
25
 
 
 
-
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
685
 
 
 
1,258
 
 
 
15
 
 
 
703
 
 
 
6
 
Commercial real estate, construction & land development, and other dwellings
 
 
5,716
 
 
 
6,952
 
 
 
366
 
 
 
6,089
 
 
 
193
 
Commercial participations purchased
 
 
103
 
 
 
103
 
 
 
11
 
 
 
103
 
 
 
1
 
Commercial business loans
 
 
303
 
 
 
571
 
 
 
34
 
 
 
308
 
 
 
1
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
685
 
 
$
1,258
 
 
$
15
 
 
$
703
 
 
$
6
 
Commercial real estate, construction & land development, and other dwellings
 
$
6,240
 
 
$
7,476
 
 
$
366
 
 
$
6,616
 
 
$
215
 
Commercial participations purchased
 
$
103
 
 
$
103
 
 
$
11
 
 
$
103
 
 
$
1
 
Commercial business loans
 
$
328
 
 
$
596
 
 
$
34
 
 
$
333
 
 
$
1
 
 
 
 
 
 
 
For the twelve months ended
 
 
 
As of December 31, 2013
 
 
December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Average
 
 
Interest
 
 
 
Recorded
 
 
Unpaid 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
 
 
 
-
 
 
 
898
 
 
 
9
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business loans
 
 
228
 
 
 
228
 
 
 
-
 
 
 
668
 
 
 
1
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
887
 
 
 
899
 
 
 
16
 
 
 
920
 
 
 
9
 
Commercial real estate, construction & land development, and other dwellings
 
 
7,829
 
 
 
7,829
 
 
 
1,657
 
 
 
8,770
 
 
 
74
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business loans
 
 
306
 
 
 
574
 
 
 
30
 
 
 
454
 
 
 
1
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
887
 
 
$
899
 
 
$
16
 
 
$
920
 
 
$
9
 
Commercial real estate, construction & land development, and other dwellings
 
$
8,446
 
 
$
8,446
 
 
$
1,657
 
 
$
9,668
 
 
$
83
 
Commercial participations purchased
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
Commercial business loans
 
$
534
 
 
$
802
 
 
$
30
 
 
$
1,122
 
 
$
2
 
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
 
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
4,405
 
 
$
2,693
 
 
$
2,579
 
 
$
9,677
 
 
$
179,852
 
 
$
189,529
 
 
$
941
 
Consumer loans
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
357
 
 
 
357
 
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
855
 
 
 
190
 
 
 
1,783
 
 
 
2,828
 
 
 
208,334
 
 
 
211,162
 
 
 
-
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
103
 
 
 
103
 
 
 
2,186
 
 
 
2,289
 
 
 
-
 
Commercial business loans
 
 
339
 
 
 
76
 
 
 
238
 
 
 
653
 
 
 
58,029
 
 
 
58,682
 
 
 
-
 
Government loans
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
26,134
 
 
 
26,134
 
 
 
-
 
Total
 
$
5,599
 
 
$
2,959
 
 
$
4,703
 
 
$
13,261
 
 
$
474,892
 
 
$
488,153
 
 
$
941
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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)
 
 
 
December 31,
 
 
December 31,
 
 
 
2014
 
 
2013
 
Residential real estate, including home equity
 
$
2,443
 
 
$
2,526
 
Consumer loans
 
 
-
 
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
1,815
 
 
 
807
 
Commercial participations purchased
 
 
103
 
 
 
-
 
Commercial business loans
 
 
238
 
 
 
447
 
Government loans
 
 
-
 
 
 
-
 
Total
 
$
4,599
 
 
$
3,780