Quarterly report pursuant to Section 13 or 15(d)

Loans Receivable (Tables)

v3.2.0.727
Loans Receivable (Tables)
 6 Months Ended
Jun. 30, 2015
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Loans receivable are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
June 30, 2015
 
December 31, 2014
 
Loans secured by real estate:
 
 
 
 
 
 
 
Residential, including home equity
 
$
182,729
 
$
189,743
 
Commercial real estate, construction & land development, and other dwellings
 
 
230,466
 
 
211,162
 
Commercial participations purchased
 
 
321
 
 
2,289
 
Total loans secured by real estate
 
 
413,516
 
 
403,194
 
Consumer loans
 
 
398
 
 
358
 
Commercial business
 
 
66,345
 
 
58,790
 
Government loans
 
 
26,985
 
 
26,134
 
Subtotal
 
 
507,244
 
 
488,476
 
Less:
 
 
 
 
 
 
 
Net deferred loan origination fees
 
 
(172)
 
 
(197)
 
Undisbursed loan funds
 
 
(84)
 
 
(126)
 
Loan receivables
 
$
506,988
 
$
488,153
 
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 June 30, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,965
 
$
21
 
$
3,694
 
$
10
 
$
815
 
$
81
 
$
6,586
 
Charge-offs
 
 
(73)
 
 
(9)
 
 
(5)
 
 
-
 
 
-
 
 
-
 
 
(87)
 
Recoveries
 
 
-
 
 
-
 
 
-
 
 
-
 
 
2
 
 
-
 
 
2
 
Provisions
 
 
(364)
 
 
19
 
 
527
 
 
9
 
 
13
 
 
(6)
 
 
198
 
Ending Balance
 
$
1,528
 
$
31
 
$
4,216
 
$
19
 
$
830
 
$
75
 
$
6,699
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended June 30, 2014:
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,448
 
$
17
 
$
4,969
 
$
41
 
$
907
 
$
61
 
$
7,443
 
Charge-offs
 
 
(11)
 
 
(5)
 
 
(1,417)
 
 
-
 
 
-
 
 
-
 
 
(1,433)
 
Recoveries
 
 
-
 
 
-
 
 
1
 
 
-
 
 
-
 
 
-
 
 
1
 
Provisions
 
 
11
 
 
17
 
 
172
 
 
(16)
 
 
(38)
 
 
19
 
 
165
 
Ending Balance
 
$
1,448
 
$
29
 
$
3,725
 
$
25
 
$
869
 
$
80
 
$
6,176
 
  
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the six months ended June 30, 2015:
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,878
 
$
17
 
$
3,645
 
$
13
 
$
733
 
$
75
 
$
6,361
 
Charge-offs
 
 
(101)
 
 
(14)
 
 
(59)
 
 
-
 
 
-
 
 
-
 
 
(174)
 
Recoveries
 
 
-
 
 
1
 
 
22
 
 
-
 
 
4
 
 
-
 
 
27
 
Provisions
 
 
(249)
 
 
27
 
 
608
 
 
6
 
 
93
 
 
-
 
 
485
 
Ending Balance
 
$
1,528
 
$
31
 
$
4,216
 
$
19
 
$
830
 
$
75
 
$
6,699
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the six months ended June 30, 2014:
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,444
 
$
12
 
$
4,789
 
$
31
 
$
859
 
$
54
 
$
7,189
 
Charge-offs
 
 
(13)
 
 
(12)
 
 
(1,418)
 
 
-
 
 
-
 
 
-
 
 
(1,443)
 
Recoveries
 
 
2
 
 
1
 
 
12
 
 
2
 
 
3
 
 
-
 
 
20
 
Provisions
 
 
15
 
 
28
 
 
342
 
 
(8)
 
 
7
 
 
26
 
 
410
 
Ending Balance
 
$
1,448
 
$
29
 
$
3,725
 
$
25
 
$
869
 
$
80
 
$
6,176
 
 
(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 allowance for loan losses impairment evaluation and loan receivables are summarized below at June 30, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
-
 
$
-
 
$
336
 
$
18
 
$
67
 
$
-
 
$
421
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
1,528
 
$
31
 
$
3,880
 
$
1
 
$
763
 
$
75
 
$
6,278
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LOAN RECEIVABLES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
182,538
 
$
478
 
$
230,464
 
$
322
 
$
66,283
 
$
26,903
 
$
506,988
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
342
 
$
-
 
$
5,052
 
$
96
 
$
261
 
$
-
 
$
5,751
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: purchased credit impaired individually evaluated for impairment
 
$
880
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
$
880
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
181,316
 
$
478
 
$
225,412
 
$
226
 
$
66,022
 
$
26,903
 
$
500,357
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
Financing Receivable Credit Quality Indicators [Table Text Block]
The Bancorp's credit quality indicators are summarized below at June 30, 2015 and December 31, 2014:
 
 
 
 
 
(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
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2
 
Moderate risk
 
$
-
 
$
-
 
$
-
 
$
-
 
$
4,495
 
$
4,920
 
$
-
 
$
-
 
3
 
Acceptable risk
 
 
183,786
 
 
170,423
 
 
205
 
 
2,071
 
 
48,446
 
 
41,197
 
 
26,903
 
 
26,134
 
4
 
Pass/monitor
 
 
37,028
 
 
29,678
 
 
21
 
 
115
 
 
11,739
 
 
10,893
 
 
-
 
 
-
 
5
 
Special mention (watch)
 
 
4,604
 
 
4,649
 
 
-
 
 
-
 
 
1,342
 
 
1,343
 
 
-
 
 
-
 
6
 
Substandard
 
 
5,046
 
 
6,412
 
 
96
 
 
103
 
 
261
 
 
329
 
 
-
 
 
-
 
7
 
Doubtful
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
Total
 
$
230,464
 
$
211,162
 
$
322
 
$
2,289
 
$
66,283
 
$
58,682
 
$
26,903
 
$
26,134
 
 
 
 
(Dollars in thousands)
 
 
 
Consumer Credit Exposure - Credit Risk Profile Based On Payment Activity
 
 
 
Residential Real Estate, 
Including Home Equity
 
Consumer Loans
 
 
 
2015
 
2014
 
2015
 
2014
 
Performing
 
$
180,144
 
$
185,996
 
$
478
 
$
357
 
Non-performing
 
 
2,394
 
 
3,533
 
 
-
 
 
-
 
Total
 
$
182,538
 
$
189,529
 
$
478
 
$
357
 
Impaired Financing Receivables [Table Text Block]
The Bancorp's individually evaluated impaired loans are summarized below:
 
 
 
As of June 30, 2015
 
For the six months ended
June 30, 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
 
$
1,222
 
$
2,210
 
$
-
 
$
1,246
 
$
14
 
Commercial real estate, construction & land development, and other dwellings
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
5,052
 
 
5,052
 
 
336
 
 
5,068
 
 
43
 
Commercial participations purchased
 
 
96
 
 
96
 
 
18
 
 
98
 
 
4
 
Commercial business loans
 
 
261
 
 
529
 
 
67
 
 
287
 
 
2
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
1,222
 
$
2,210
 
$
-
 
$
1,246
 
$
14
 
Commercial real estate, construction & land development, and other dwellings
 
$
5,052
 
$
5,052
 
$
336
 
$
5,068
 
$
43
 
Commercial participations purchased
 
$
96
 
$
96
 
$
18
 
$
98
 
$
4
 
Commercial business loans
 
$
261
 
$
529
 
$
67
 
$
287
 
$
2
 
 
 
 
As of December 31, 2014
 
For the six months ended
June 30, 2014
 
(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
 
$
-
 
$
-
 
$
-
 
$
160
 
$
9
 
Commercial real estate, construction & land development, and other dwellings
 
 
524
 
 
524
 
 
-
 
 
956
 
 
38
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business loans
 
 
25
 
 
25
 
 
-
 
 
256
 
 
1
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
685
 
 
1,258
 
 
15
 
 
519
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
5,716
 
 
6,952
 
 
366
 
 
6,795
 
 
46
 
Commercial participations purchased
 
 
103
 
 
103
 
 
11
 
 
-
 
 
-
 
Commercial business loans
 
 
303
 
 
571
 
 
34
 
 
278
 
 
1
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
685
 
$
1,258
 
$
15
 
$
679
 
$
9
 
Commercial real estate, construction & land development, and other dwellings
 
$
6,240
 
$
7,476
 
$
366
 
$
7,751
 
$
84
 
Commercial participations purchased
 
$
103
 
$
103
 
$
11
 
$
-
 
$
-
 
Commercial business loans
 
$
328
 
$
596
 
$
34
 
$
534
 
$
2
 
Past Due Financing Receivables [Table Text Block]
At June 30, 2015, purchased credit impaired loans with unpaid principal balances totaled $1.9 million with a recorded investment of $880 thousand.
 
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
 
June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
4,501
 
$
1,114
 
$
1,539
 
$
7,154
 
$
175,384
 
$
182,538
 
$
131
 
Consumer loans
 
 
1
 
 
-
 
 
-
 
 
1
 
 
477
 
 
478
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
543
 
 
421
 
 
537
 
 
1,501
 
 
228,963
 
 
230,464
 
 
-
 
Commercial participations purchased
 
 
-
 
 
-
 
 
96
 
 
96
 
 
226
 
 
322
 
 
-
 
Commercial business loans
 
 
212
 
 
149
 
 
178
 
 
539
 
 
65,744
 
 
66,283
 
 
-
 
Government loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
26,903
 
 
26,903
 
 
-
 
Total
 
$
5,257
 
$
1,684
 
$
2,350
 
$
9,291
 
$
497,697
 
$
506,988
 
$
131
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
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,
2015
 
December 31,
2014
 
Residential real estate, including home equity
 
$
2,394
 
$
2,443
 
Consumer loans
 
 
-
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
538
 
 
1,815
 
Commercial participations purchased
 
 
96
 
 
103
 
Commercial business loans
 
 
178
 
 
238
 
Government loans
 
 
-
 
 
-
 
Total
 
$
3,206
 
$
4,599