Quarterly report pursuant to Section 13 or 15(d)

Loans Receivable (Tables)

v3.4.0.3
Loans Receivable (Tables)
 3 Months Ended
Mar. 31, 2016
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Loans receivable are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
March 31, 2016
 
December 31, 2015
 
Loans secured by real estate:
 
 
 
 
 
 
 
Residential, including home equity
 
$
211,900
 
$
213,951
 
Commercial real estate, construction & land development, and other dwellings
 
 
267,518
 
 
259,478
 
Commercial participations purchased
 
 
302
 
 
310
 
Total loans secured by real estate
 
 
479,720
 
 
473,739
 
Consumer
 
 
651
 
 
535
 
Commercial business
 
 
62,178
 
 
68,813
 
Government
 
 
29,968
 
 
29,062
 
Subtotal
 
 
572,517
 
 
572,149
 
Less:
 
 
 
 
 
 
 
Net deferred loan origination fees
 
 
(158)
 
 
(174)
 
Undisbursed loan funds
 
 
(1,154)
 
 
(77)
 
Loan receivables
 
$
571,205
 
$
571,898
 
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 three months ended March 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,711
 
$
38
 
$
4,422
 
$
14
 
$
698
 
$
70
 
$
6,953
 
Charge-offs
 
 
(49)
 
 
(4)
 
 
-
 
 
-
 
 
-
 
 
-
 
 
(53)
 
Recoveries
 
 
1
 
 
3
 
 
-
 
 
-
 
 
8
 
 
-
 
 
12
 
Provisions
 
 
68
 
 
7
 
 
179
 
 
(1)
 
 
41
 
 
2
 
 
296
 
Ending Balance
 
$
1,731
 
$
44
 
$
4,601
 
$
13
 
$
747
 
$
72
 
$
7,208
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended March 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,878
 
$
17
 
$
3,645
 
$
13
 
$
733
 
$
75
 
$
6,361
 
Charge-offs
 
 
(28)
 
 
(5)
 
 
(54)
 
 
-
 
 
-
 
 
-
 
 
(87)
 
Recoveries
 
 
22
 
 
-
 
 
1
 
 
-
 
 
2
 
 
-
 
 
25
 
Provisions
 
 
93
 
 
9
 
 
102
 
 
(3)
 
 
80
 
 
6
 
 
287
 
Ending Balance
 
$
1,965
 
$
21
 
$
3,694
 
$
10
 
$
815
 
$
81
 
$
6,586
 
 
(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 March 31, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
143
 
$
-
 
$
9
 
$
13
 
$
187
 
$
-
 
$
352
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
1,588
 
$
44
 
$
4,592
 
$
-
 
$
560
 
$
72
 
$
6,856
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LOAN RECEIVABLES Ending balance
 
$
211,711
 
$
651
 
$
267,519
 
$
302
 
$
61,054
 
$
29,968
 
$
571,205
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
2,036
 
$
-
 
$
151
 
$
91
 
$
321
 
$
-
 
$
2,599
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: purchased credit impaired individually evaluated for impairment
 
$
1,589
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
$
1,589
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
208,086
 
$
651
 
$
267,368
 
$
211
 
$
60,733
 
$
29,968
 
$
567,017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
Financing Receivable Credit Quality Indicators [Table Text Block]
The Bancorp's credit quality indicators are summarized below at March 31, 2016 and December 31, 2015:
 
 
 
(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
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2 Moderate risk
 
$
264
 
$
270
 
$
-
 
$
-
 
$
5,870
 
$
6,526
 
$
-
 
$
-
 
3 Above average acceptable risk
 
 
5,618
 
 
7,136
 
 
-
 
 
-
 
 
3,614
 
 
4,313
 
 
1,000
 
 
-
 
4 Acceptable risk
 
 
129,182
 
 
129,353
 
 
193
 
 
199
 
 
26,867
 
 
31,735
 
 
28,968
 
 
29,062
 
5 Marginally acceptable risk
 
 
84,285
 
 
74,342
 
 
-
 
 
-
 
 
11,743
 
 
12,225
 
 
-
 
 
-
 
6 Pass/monitor
 
 
42,214
 
 
38,337
 
 
18
 
 
19
 
 
10,524
 
 
11,774
 
 
-
 
 
-
 
7 Special mention (watch)
 
 
5,770
 
 
4,707
 
 
-
 
 
-
 
 
1,534
 
 
601
 
 
-
 
 
-
 
8 Substandard
 
 
186
 
 
5,334
 
 
91
 
 
92
 
 
902
 
 
1,583
 
 
-
 
 
-
 
9 Doubtful
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Total
 
$
267,519
 
$
259,479
 
$
302
 
$
310
 
$
61,054
 
$
68,757
 
$
29,968
 
$
29,062
 
 
 
 
(Dollars in thousands)
 
 
 
Consumer Credit Exposure - Credit Risk Profile Based On Payment Activity
 
 
 
Residential Real Estate, Including Home
Equity
 
Consumer
 
 
 
2016
 
2015
 
2016
 
2015
 
Performing
 
$
207,347
 
$
209,583
 
$
651
 
$
535
 
Non-performing
 
 
4,364
 
 
4,172
 
 
-
 
 
-
 
Total
 
$
211,711
 
$
213,755
 
$
651
 
$
535
 
Impaired Financing Receivables [Table Text Block]
The Bancorp's individually evaluated impaired loans are summarized below:
 
 
 
As of March 31, 2016
 
For the three months ended
March 31, 2016
 
(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
 
$
3,454
 
$
5,720
 
$
-
 
$
2,610
 
$
48
 
Commercial real estate, construction & land development, and other dwellings
 
 
133
 
 
133
 
 
-
 
 
2,604
 
 
-
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business
 
 
93
 
 
93
 
 
-
 
 
83
 
 
1
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
171
 
 
171
 
 
143
 
 
174
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
18
 
 
18
 
 
9
 
 
120
 
 
-
 
Commercial participations purchased
 
 
91
 
 
91
 
 
13
 
 
92
 
 
1
 
Commercial business
 
 
228
 
 
228
 
 
187
 
 
125
 
 
-
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
3,625
 
$
5,891
 
$
143
 
$
2,784
 
$
48
 
Commercial real estate, construction & land development, and other dwellings
 
$
151
 
$
151
 
$
9
 
$
2,724
 
$
-
 
Commercial participations purchased
 
$
91
 
$
91
 
$
13
 
$
92
 
$
1
 
Commercial business
 
$
321
 
$
321
 
$
187
 
$
208
 
$
1
 
 
 
 
As of December 31, 2015
 
For the three months ended 
March 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
 
$
-
 
$
711
 
$
8
 
Commercial real estate, construction & land development, and other dwellings
 
 
5,075
 
 
5,075
 
 
-
 
 
70
 
 
-
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business
 
 
74
 
 
74
 
 
-
 
 
-
 
 
-
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
177
 
 
177
 
 
149
 
 
559
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
223
 
 
223
 
 
171
 
 
5,114
 
 
47
 
Commercial participations purchased
 
 
92
 
 
92
 
 
14
 
 
102
 
 
2
 
Commercial business
 
 
22
 
 
22
 
 
22
 
 
321
 
 
1
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
1,918
 
$
4,914
 
$
149
 
$
1,270
 
$
8
 
Commercial real estate, construction & land development, and other dwellings
 
$
5,298
 
$
5,298
 
$
171
 
$
5,184
 
$
47
 
Commercial participations purchased
 
$
92
 
$
92
 
$
14
 
$
102
 
$
2
 
Commercial business
 
$
96
 
$
96
 
$
22
 
$
321
 
$
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
 
March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
5,122
 
$
1,907
 
$
3,781
 
$
10,810
 
$
200,901
 
$
211,711
 
$
530
 
Consumer
 
 
-
 
 
-
 
 
-
 
 
-
 
 
651
 
 
651
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
1,315
 
 
357
 
 
186
 
 
1,858
 
 
265,661
 
 
267,519
 
 
-
 
Commercial participations purchased
 
 
-
 
 
-
 
 
91
 
 
91
 
 
211
 
 
302
 
 
-
 
Commercial business
 
 
555
 
 
471
 
 
226
 
 
1,252
 
 
59,802
 
 
61,054
 
 
-
 
Government
 
 
-
 
 
-
 
 
-
 
 
-
 
 
29,968
 
 
29,968
 
 
-
 
Total
 
$
6,992
 
$
2,735
 
$
4,284
 
$
14,011
 
$
557,194
 
$
571,205
 
$
530
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
The Bancorp's loans on nonaccrual status are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
March 31,
2016
 
December 31,
2015
 
Residential real estate, including home equity
 
$
4,364
 
$
4,172
 
Consumer
 
 
-
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
186
 
 
915
 
Commercial participations purchased
 
 
91
 
 
92
 
Commercial business
 
 
249
 
 
22
 
Government
 
 
-
 
 
-
 
Total
 
$
4,890
 
$
5,201