Loans Receivable (Tables)
|
9 Months Ended |
Sep. 30, 2015 |
|---|
| Receivables [Abstract] |
|
| Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
Loans receivable are summarized below:
| | | (Dollars in thousands) | | | | | September 30, 2015 | | December 31, 2014 | | | Loans secured by real estate: | | | | | | | | | Residential, including home equity | | $ | 213,985 | | $ | 189,743 | | | Commercial real estate, construction & land development, and other dwellings | | | 238,723 | | | 211,162 | | | Commercial participations purchased | | | 312 | | | 2,289 | | | Total loans secured by real estate | | | 453,020 | | | 403,194 | | | Consumer loans | | | 591 | | | 358 | | | Commercial business | | | 69,684 | | | 58,790 | | | Government loans | | | 29,882 | | | 26,134 | | | Subtotal | | | 553,177 | | | 488,476 | | | Less: | | | | | | | | | Net deferred loan origination fees | | | (171) | | | (197) | | | Undisbursed loan funds | | | (86) | | | (126) | | | Loan receivables | | $ | 552,920 | | $ | 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 | | |
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| | The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended September 30, 2015:
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| | Allowance for loan losses:
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| |
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| |
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| |
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| |
|
|
| |
|
|
| |
| | Beginning Balance
|
| $
| 1,528 |
|
| $
| 31 |
|
| $
| 4,216 |
|
| $
| 19 |
|
| $
| 830 |
|
| $
| 75 |
|
| $
| 6,699 |
| | Charge-offs
|
|
| - |
|
|
| (8 | )
|
|
| - |
|
|
| - |
|
|
| (77 | )
|
|
| - |
|
|
| (85 | )
| | Recoveries
|
|
| 7 |
|
|
| 2 |
|
|
| - |
|
|
| - |
|
|
| 2 |
|
|
| - |
|
|
| 11 |
| | Provisions
|
|
| (68 | )
|
|
| 14 |
|
|
| 91 |
|
|
| (3 | )
|
|
| 57 |
|
|
| 9 |
|
|
| 100 |
| | Ending Balance
|
| $
| 1,467 |
|
| $
| 39 |
|
| $
| 4,307 |
|
| $
| 16 |
|
| $
| 812 |
|
| $
| 84 |
|
| $
| 6,725 |
| |
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| |
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| | The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended September 30, 2014:
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| |
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| |
| | Allowance for loan losses:
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| |
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| |
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| |
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| |
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| |
|
|
| |
| | 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 |
| |
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| |
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|
| |
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|
| |
|
|
| |
| | The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the nine months ended September 30, 2015:
| |
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| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
| | Allowance for loan losses:
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
| | Beginning Balance
|
| $
| 1,878 |
|
| $
| 17 |
|
| $
| 3,645 |
|
| $
| 13 |
|
| $
| 733 |
|
| $
| 75 |
|
| $
| 6,361 |
| | Charge-offs
|
|
| (101 | )
|
|
| (22 | )
|
|
| (59 | )
|
|
| - |
|
|
| (77 | )
|
|
| - |
|
|
| (259 | )
| | Recoveries
|
|
| 7 |
|
|
| 3 |
|
|
| 22 |
|
|
| - |
|
|
| 6 |
|
|
| - |
|
|
| 38 |
| | Provisions
|
|
| (317 | )
|
|
| 41 |
|
|
| 699 |
|
|
| 3 |
|
|
| 150 |
|
|
| 9 |
|
|
| 585 |
| | Ending Balance
|
| $
| 1,467 |
|
| $
| 39 |
|
| $
| 4,307 |
|
| $
| 16 |
|
| $
| 812 |
|
| $
| 84 |
|
| $
| 6,725 |
| |
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|
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| |
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| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
| | 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 |
|
| (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 September 30, 2015:
| | |
| | | | | | | | | | | | | | | | | | | | | | | Ending balance: individually evaluated for impairment
| | $
| - | | | $
| - | | | $
| 328 | | | $
| 16 | | | $
| 23 | | | $
| - | | | $
| 367 | | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | | Ending balance: collectively evaluated for impairment
| | $
| 1,467 | | | $
| 39 | | | $
| 3,979 | | | $
| - | | | $
| 789 | | | $
| 84 | | | $
| 6,358 | | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | | LOAN RECEIVABLES Ending balance
| | $
| 213,786 | | | $
| 591 | | | $
| 238,723 | | | $
| 312 | | | $
| 69,626 | | | $
| 29,882 | | | $
| 552,920 | | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | | Ending balance: individually evaluated for impairment
| | $
| 333 | | | $
| - | | | $
| 5,001 | | | $
| 94 | | | $
| 102 | | | $
| - | | | $
| 5,530 | | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | | Ending balance: purchased credit impaired individually evaluated for impairment
| | $
| 1,762 | | | $
| - | | | $
| - | | | $
| - | | | $
| - | | | $
| - | | | $
| 1,762 | | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | | Ending balance: collectively evaluated for impairment
| | $
| 211,691 | | | $
| 591 | | | $
| 233,722 | | | $
| 218 | | | $
| 69,524 | | | $
| 29,882 | | | $
| 545,628 | | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | | 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 September 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
|
| $
| 133 |
|
| $
| - |
|
| $
| - |
|
| $
| - |
|
| $
| 6,662 |
|
| $
| 4,920 |
|
| $
| - |
|
| $
| - |
| | 3 |
| Acceptable risk
|
|
| 191,677 |
|
|
| 170,423 |
|
|
| 199 |
|
|
| 2,071 |
|
|
| 48,854 |
|
|
| 41,197 |
|
|
| 29,882 |
|
|
| 26,134 |
| | 4 |
| Pass/monitor
|
|
| 37,475 |
|
|
| 29,678 |
|
|
| 19 |
|
|
| 115 |
|
|
| 11,632 |
|
|
| 10,893 |
|
|
| - |
|
|
| - |
| | 5 |
| Special mention (watch)
|
|
| 4,397 |
|
|
| 4,649 |
|
|
| - |
|
|
| - |
|
|
| 415 |
|
|
| 1,343 |
|
|
| - |
|
|
| - |
| | 6 |
| Substandard
|
|
| 5,041 |
|
|
| 6,412 |
|
|
| 94 |
|
|
| 103 |
|
|
| 2,063 |
|
|
| 329 |
|
|
| - |
|
|
| - |
| | 7 |
| Doubtful
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
|
|
| - |
| |
|
| Total
|
| $
| 238,723 |
|
| $
| 211,162 |
|
| $
| 312 |
|
| $
| 2,289 |
|
| $
| 69,626 |
|
| $
| 58,682 |
|
| $
| 29,882 |
|
| $
| 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
|
| $
| 209,826 |
|
| $
| 185,996 |
|
| $
| 591 |
|
| $
| 357 |
| | Non-performing
|
|
| 3,960 |
|
|
| 3,533 |
|
|
| - |
|
|
| - |
| | Total
|
| $
| 213,786 |
|
| $
| 189,529 |
|
| $
| 591 |
|
| $
| 357 |
|
|
| Impaired Financing Receivables [Table Text Block] |
The Bancorp's individually evaluated impaired loans are summarized below:
| | | | | | | | | | | | For the nine months ended | | | | | As of September 30,2015 | | September 30, 2015 | | | | | | | | | | | | | | 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 | | $ | 2,095 | | $ | 4,468 | | $ | - | | $ | 2,104 | | $ | 17 | | | Commercial real estate, construction & land development, and other dwellings | | | - | | | - | | | - | | | - | | | - | | | Commercial participations purchased | | | - | | | - | | | - | | | - | | | - | | | Commercial business loans | | | 79 | | | 79 | | | - | | | 81 | | | 1 | | | With an allowance recorded: | | | | | | | | | | | | | | | | | | Residential real estate, including home equity | | | - | | | - | | | - | | | - | | | - | | | Commercial real estate, construction & land development, and other dwellings | | | 5,001 | | | 5,001 | | | 328 | | | 5,024 | | | 43 | | | Commercial participations purchased | | | 94 | | | 94 | | | 16 | | | 95 | | | 3 | | | Commercial business loans | | | 23 | | | 23 | | | 23 | | | 23 | | | - | | | Total: | | | | | | | | | | | | | | | | | | Residential real estate, including home equity | | $ | 2,095 | | $ | 4,468 | | $ | - | | $ | 2,104 | | $ | 17 | | | Commercial real estate, construction & land development, and other dwellings | | $ | 5,001 | | $ | 5,001 | | $ | 328 | | $ | 5,024 | | $ | 43 | | | Commercial participations purchased | | $ | 94 | | $ | 94 | | $ | 16 | | $ | 95 | | $ | 3 | | | Commercial business loans | | $ | 102 | | $ | 102 | | $ | 23 | | $ | 104 | | $ | 1 | |
| | | | | | | | | | | | For the nine months ended | | | | | As of December 31, 2014 | | September 30, 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 | | $ | - | | $ | - | | $ | - | | $ | 200 | | $ | - | | | Commercial real estate, construction & land development, and other dwellings | | | 524 | | | 524 | | | - | | | 848 | | | 19 | | | Commercial participations purchased | | | - | | | - | | | - | | | - | | | - | | | Commercial business loans | | | 25 | | | 25 | | | - | | | 198 | | | - | | | With an allowance recorded: | | | | | | | | | | | | | | | | | | Residential real estate, including home equity | | | 685 | | | 1,258 | | | 15 | | | 560 | | | 17 | | | Commercial real estate, construction & land development, and other dwellings | | | 5,716 | | | 6,952 | | | 366 | | | 6,536 | | | 149 | | | Commercial participations purchased | | | 103 | | | 103 | | | 11 | | | 26 | | | 2 | | | Commercial business loans | | | 303 | | | 571 | | | 34 | | | 285 | | | 5 | | | Total: | | | | | | | | | | | | | | | | | | Residential real estate, including home equity | | $ | 685 | | $ | 1,258 | | $ | 15 | | $ | 760 | | $ | 17 | | | Commercial real estate, construction & land development, and other dwellings | | $ | 6,240 | | $ | 7,476 | | $ | 366 | | $ | 7,384 | | $ | 168 | | | Commercial participations purchased | | $ | 103 | | $ | 103 | | $ | 11 | | $ | 26 | | $ | 2 | | | Commercial business loans | | $ | 328 | | $ | 596 | | $ | 34 | | $ | 483 | | $ | 5 | |
|
| 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, 2015 | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate, including home equity | | $ | 4,965 | | $ | 2,371 | | $ | 2,512 | | $ | 9,848 | | $ | 203,938 | | $ | 213,786 | | $ | 276 | | | Consumer loans | | | - | | | 1 | | | - | | | 1 | | | 590 | | | 591 | | | - | | | Commercial real estate, construction & land development, and other dwellings | | | 2,124 | | | 243 | | | 576 | | | 2,943 | | | 235,780 | | | 238,723 | | | - | | | Commercial participations purchased | | | - | | | - | | | 94 | | | 94 | | | 218 | | | 312 | | | - | | | Commercial business loans | | | 397 | | | 253 | | | 22 | | | 672 | | | 68,954 | | | 69,626 | | | - | | | Government loans | | | - | | | - | | | - | | | - | | | 29,882 | | | 29,882 | | | - | | | Total | | $ | 7,486 | | $ | 2,868 | | $ | 3,204 | | $ | 13,558 | | $ | 539,362 | | $ | 552,920 | | $ | 276 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 |
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| 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, | | | | | 2015 | | 2014 | | | Residential real estate, including home equity | | $ | 3,960 | | $ | 2,443 | | | Consumer loans | | | - | | | - | | | Commercial real estate, construction & land development, and other dwellings | | | 576 | | | 1,815 | | | Commercial participations purchased | | | 94 | | | 103 | | | Commercial business loans | | | 22 | | | 238 | | | Government loans | | | - | | | - | | | Total | | $ | 4,652 | | $ | 4,599 | |
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