Annual report pursuant to Section 13 and 15(d)

Loans Receivable (Tables)

v3.3.1.900
Loans Receivable (Tables)
 12 Months Ended
Dec. 31, 2015
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Year end loans are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
December 31, 2015
 
 
December 31, 2014
 
Loans secured by real estate:
 
 
 
 
 
 
 
 
Residential, including home equity
 
$
213,951
 
 
$
189,743
 
Commercial real estate, construction & land development,  and other dwellings
 
 
259,478
 
 
 
211,162
 
Commercial participations purchased
 
 
310
 
 
 
2,289
 
Total loans secured by real estate
 
 
473,739
 
 
 
403,194
 
Consumer
 
 
535
 
 
 
358
 
Commercial business
 
 
68,813
 
 
 
58,790
 
Government
 
 
29,062
 
 
 
26,134
 
Subtotal
 
 
572,149
 
 
 
488,476
 
Less:
 
 
 
 
 
 
 
 
Net deferred loan origination fees
 
 
(174
)
 
 
(197
)
Undisbursed loan funds
 
 
(77
)
 
 
(126
)
Loan receivables
 
$
571,898
 
 
$
488,153
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
(Dollars in thousands)
 
Residential Real
Estate, Including
Home Equity
 
 
Consumer
 
 
Commercial Real
Estate,
Construction &
Land
Development,
and Other
Dwellings
 
 
Commercial
Participations
Purchased
 
 
Commercial
Business
 
 
Government
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the twelve months ended December 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,878
 
 
$
17
 
 
$
3,645
 
 
$
13
 
 
$
733
 
 
$
75
 
 
$
6,361
 
Charge-offs
 
 
(239
)
 
 
(30
)
 
 
(59
)
 
 
-
 
 
 
(77
)
 
 
-
 
 
 
(405
)
Recoveries
 
 
9
 
 
 
2
 
 
 
22
 
 
 
-
 
 
 
10
 
 
 
-
 
 
 
43
 
Provisions
 
 
63
 
 
 
49
 
 
 
814
 
 
 
1
 
 
 
32
 
 
 
(5
)
 
 
954
 
Ending Balance
 
$
1,711
 
 
$
38
 
 
$
4,422
 
 
$
14
 
 
$
698
 
 
$
70
 
 
$
6,953
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(Dollars in thousands)
 
Residential Real
Estate, Including
Home Equity
 
 
Consumer
 
 
Commercial Real
Estate,
Construction &
Land
Development,
and Other
Dwellings
 
 
Commercial
Participations
Purchased
 
 
Commercial
Business
 
 
Government
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's allowance for loan losses impairment evaluation and loan receivables are summarized below at December 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
149
 
 
$
-
 
 
$
171
 
 
$
14
 
 
$
22
 
 
$
-
 
 
$
356
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
1,562
 
 
$
38
 
 
$
4,251
 
 
$
-
 
 
$
676
 
 
$
70
 
 
$
6,597
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LOAN RECEIVABLES
Ending balance
 
$
213,755
 
 
$
535
 
 
$
259,479
 
 
$
310
 
 
$
68,757
 
 
$
29,062
 
 
$
571,898
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
227
 
 
$
-
 
 
$
5,298
 
 
$
92
 
 
$
96
 
 
$
-
 
 
$
5,713
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: purchased credit impaired individually evaluated for impairment
 
$
1,691
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
1,691
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
211,837
 
 
$
535
 
 
$
254,181
 
 
$
218
 
 
$
68,661
 
 
$
29,062
 
 
$
564,494
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 December 31, 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
 
 
Government
 
Loan Grades
 
2015
 
 
2014
 
 
2015
 
 
2014
 
 
2015
 
 
2014
 
 
2015
 
 
2014
 
2 Moderate risk
 
$
270
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
6,526
 
 
$
4,920
 
 
$
-
 
 
$
-
 
3 Above average acceptable risk
 
 
7,136
 
 
 
6,392
 
 
 
-
 
 
 
-
 
 
 
4,313
 
 
 
4,311
 
 
 
 
 
 
 
 
 
4 Acceptable risk
 
 
129,353
 
 
 
98,200
 
 
 
199
 
 
 
210
 
 
 
31,735
 
 
 
25,466
 
 
 
29,062
 
 
 
26,134
 
5 Marginally acceptable risk
 
 
74,342
 
 
 
65,831
 
 
 
-
 
 
 
1,861
 
 
 
12,225
 
 
 
11,420
 
 
 
 
 
 
 
 
 
6 Pass/monitor
 
 
38,337
 
 
 
29,678
 
 
 
19
 
 
 
115
 
 
 
11,774
 
 
 
10,893
 
 
 
-
 
 
 
-
 
7 Special mention (watch)
 
 
4,707
 
 
 
4,649
 
 
 
-
 
 
 
-
 
 
 
601
 
 
 
1,343
 
 
 
-
 
 
 
-
 
8 Substandard
 
 
5,334
 
 
 
6,412
 
 
 
92
 
 
 
103
 
 
 
1,583
 
 
 
329
 
 
 
-
 
 
 
-
 
9 Doubtful
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Total
 
$
259,479
 
 
$
211,162
 
 
$
310
 
 
$
2,289
 
 
$
68,757
 
 
$
58,682
 
 
$
29,062
 
 
$
26,134
 
 
 
 
(Dollars in thousands)
 
 
 
Consumer Credit Exposure - Credit Risk Profile Based On Payment Activity
 
 
 
Residential Real Estate, Including Home
Equity
 
 
Consumer
 
 
 
2015
 
 
2014
 
 
2015
 
 
2014
 
Performing
 
$
209,583
 
 
$
185,996
 
 
$
535
 
 
$
357
 
Non-performing
 
 
4,172
 
 
 
3,533
 
 
 
-
 
 
 
-
 
Total
 
$
213,755
 
 
$
189,529
 
 
$
535
 
 
$
357
 
Impaired Financing Receivables [Table Text Block]
The Bancorp's individually evaluated impaired loans are summarized below:
 
 
 
As of December 31, 2015
 
 
For the twelve months ended
December 31, 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
 
$
1,741
 
 
$
4,737
 
 
$
-
 
 
$
1,327
 
 
$
3
 
Commercial real estate, construction & land  development, and other dwellings
 
 
5,075
 
 
 
5,075
 
 
 
-
 
 
 
5,040
 
 
 
8
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
74
 
 
 
74
 
 
 
-
 
 
 
80
 
 
 
-
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
177
 
 
 
177
 
 
 
149
 
 
 
185
 
 
 
-
 
Commercial real estate, construction & land  development, and other dwellings
 
 
223
 
 
 
223
 
 
 
171
 
 
 
69
 
 
 
-
 
Commercial participations purchased
 
 
92
 
 
 
92
 
 
 
14
 
 
 
96
 
 
 
-
 
Commercial business
 
 
22
 
 
 
22
 
 
 
22
 
 
 
23
 
 
 
-
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
1,918
 
 
$
4,914
 
 
$
149
 
 
$
1,512
 
 
$
3
 
Commercial real estate, construction & land  development, and other dwellings
 
$
5,298
 
 
$
5,298
 
 
$
171
 
 
$
5,109
 
 
$
8
 
Commercial participations purchased
 
$
92
 
 
$
92
 
 
$
14
 
 
$
96
 
 
$
-
 
Commercial business
 
$
96
 
 
$
96
 
 
$
22
 
 
$
103
 
 
$
-
 
 
 
 
As of December 31, 2014
 
 
For the twelve months ended
December 31, 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
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
Commercial real estate, construction & land  development, and other dwellings
 
 
524
 
 
 
524
 
 
 
-
 
 
 
527
 
 
 
22
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
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
 
 
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
 
$
328
 
 
$
596
 
 
$
34
 
 
$
333
 
 
$
1
 
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
 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
5,559
 
 
$
2,430
 
 
$
3,055
 
 
$
11,044
 
 
$
202,711
 
 
$
213,755
 
 
$
377
 
Consumer
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
535
 
 
 
535
 
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
-
 
 
 
211
 
 
 
710
 
 
 
921
 
 
 
258,558
 
 
 
259,479
 
 
 
-
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
92
 
 
 
92
 
 
 
218
 
 
 
310
 
 
 
-
 
Commercial business
 
 
67
 
 
 
177
 
 
 
22
 
 
 
266
 
 
 
68,491
 
 
 
68,757
 
 
 
-
 
Government
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
29,062
 
 
 
29,062
 
 
 
-
 
Total
 
$
5,626
 
 
$
2,818
 
 
$
3,879
 
 
$
12,323
 
 
$
559,575
 
 
$
571,898
 
 
$
377
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
4,405
 
 
$
2,693
 
 
$
2,579
 
 
$
9,677
 
 
$
179,852
 
 
$
189,529
 
 
$
941
 
Consumer
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
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
 
 
339
 
 
 
76
 
 
 
238
 
 
 
653
 
 
 
58,029
 
 
 
58,682
 
 
 
-
 
Government
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
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)
 
 
 
December 31,
2015
 
 
December 31,
2014
 
Residential real estate, including home equity
 
$
4,172
 
 
$
2,443
 
Consumer
 
 
-
 
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
915
 
 
 
1,815
 
Commercial participations purchased
 
 
92
 
 
 
103
 
Commercial business
 
 
22
 
 
 
238
 
Government
 
 
-
 
 
 
-
 
Total
 
$
5,201
 
 
$
4,599