Quarterly report pursuant to Section 13 or 15(d)

Loans Receivable (Tables)

v3.5.0.2
Loans Receivable (Tables)
 6 Months Ended
Jun. 30, 2016
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Loans receivable are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
June 30, 2016
 
 
December 31, 2015
 
Loans secured by real estate:
 
 
 
 
 
 
 
 
Residential, including home equity
 
$
211,063
 
 
$
213,951
 
Commercial real estate, construction & land development,  and other dwellings
 
 
274,079
 
 
 
259,478
 
Commercial participations purchased
 
 
299
 
 
 
310
 
Total loans secured by real estate
 
 
485,441
 
 
 
473,739
 
Consumer
 
 
527
 
 
 
535
 
Commercial business
 
 
72,361
 
 
 
68,813
 
Government
 
 
28,388
 
 
 
29,062
 
Subtotal
 
 
586,717
 
 
 
572,149
 
Less:
 
 
 
 
 
 
 
 
Net deferred loan origination fees
 
 
(184
)
 
 
(174
)
Undisbursed loan funds
 
 
(406
)
 
 
(77
)
Loan receivables
 
$
586,127
 
 
$
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 June 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,731
 
 
$
44
 
 
$
4,601
 
 
$
13
 
 
$
747
 
 
$
72
 
 
$
7,208
 
Charge-offs
 
 
(164
)
 
 
(8
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(172
)
Recoveries
 
 
-
 
 
 
1
 
 
 
-
 
 
 
-
 
 
 
12
 
 
 
-
 
 
 
13
 
Provisions
 
 
203
 
 
 
-
 
 
 
6
 
 
 
(4
)
 
 
87
 
 
 
(4
)
 
 
288
 
Ending Balance
 
$
1,770
 
 
$
37
 
 
$
4,607
 
 
$
9
 
 
$
846
 
 
$
68
 
 
$
7,337
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 six months ended June 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,711
 
 
$
38
 
 
$
4,422
 
 
$
14
 
 
$
698
 
 
$
70
 
 
$
6,953
 
Charge-offs
 
 
(212
)
 
 
(12
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(224
)
Recoveries
 
 
-
 
 
 
4
 
 
 
-
 
 
 
-
 
 
 
20
 
 
 
-
 
 
 
24
 
Provisions
 
 
271
 
 
 
7
 
 
 
185
 
 
 
(5
)
 
 
128
 
 
 
(2
)
 
 
584
 
Ending Balance
 
$
1,770
 
 
$
37
 
 
$
4,607
 
 
$
9
 
 
$
846
 
 
$
68
 
 
$
7,337
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
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 June 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
138
 
 
$
-
 
 
$
6
 
 
$
9
 
 
$
263
 
 
$
-
 
 
$
416
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
1,632
 
 
$
37
 
 
$
4,601
 
 
$
-
 
 
$
583
 
 
$
68
 
 
$
6,921
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LOAN RECEIVABLES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
210,880
 
 
$
528
 
 
$
274,080
 
 
$
299
 
 
$
71,952
 
 
$
28,388
 
 
$
586,127
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
2,252
 
 
$
-
 
 
$
374
 
 
$
88
 
 
$
500
 
 
$
-
 
 
$
3,214
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: purchased credit impaired individually evaluated for impairment
 
$
1,364
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
1,364
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
207,264
 
 
$
528
 
 
$
273,706
 
 
$
211
 
 
$
71,452
 
 
$
28,388
 
 
$
581,549
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 June 30, 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
 
$
259
 
 
$
270
 
 
$
-
 
 
$
-
 
 
$
6,795
 
 
$
6,526
 
 
$
-
 
 
$
-
 
3  Above average acceptable risk
 
 
3,379
 
 
 
7,136
 
 
 
-
 
 
 
-
 
 
 
8,099
 
 
 
4,313
 
 
 
1,000
 
 
 
-
 
4  Acceptable risk
 
 
131,448
 
 
 
129,353
 
 
 
194
 
 
 
199
 
 
 
31,530
 
 
 
31,735
 
 
 
27,388
 
 
 
29,062
 
5  Marginally acceptable risk
 
 
91,221
 
 
 
74,342
 
 
 
-
 
 
 
-
 
 
 
12,389
 
 
 
12,225
 
 
 
 
 
 
 
 
 
6  Pass/monitor
 
 
41,417
 
 
 
38,337
 
 
 
17
 
 
 
19
 
 
 
11,333
 
 
 
11,774
 
 
 
-
 
 
 
-
 
7  Special mention (watch)
 
 
5,949
 
 
 
4,707
 
 
 
-
 
 
 
-
 
 
 
742
 
 
 
601
 
 
 
-
 
 
 
-
 
8  Substandard
 
 
407
 
 
 
5,334
 
 
 
88
 
 
 
92
 
 
 
1,064
 
 
 
1,583
 
 
 
-
 
 
 
-
 
Total
 
$
274,080
 
 
$
259,479
 
 
$
299
 
 
$
310
 
 
$
71,952
 
 
$
68,757
 
 
$
28,388
 
 
$
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
 
$
206,433
 
 
$
209,583
 
 
$
528
 
 
$
535
 
Non-performing
 
 
4,447
 
 
 
4,172
 
 
 
-
 
 
 
-
 
Total
 
$
210,880
 
 
$
213,755
 
 
$
528
 
 
$
535
 
Impaired Financing Receivables [Table Text Block]
The Bancorp's individually evaluated impaired loans are summarized below:
 
 
 
As of June 30, 2016
 
 
For the six months ended
June 30, 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
 
$
3,452
 
 
$
5,717
 
 
$
-
 
 
$
2,882
 
 
$
64
 
Commercial real estate, construction & land development, and other dwellings
 
 
356
 
 
 
356
 
 
 
-
 
 
 
1,855
 
 
 
-
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
237
 
 
 
237
 
 
 
-
 
 
 
271
 
 
 
2
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
164
 
 
 
164
 
 
 
138
 
 
 
171
 
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
18
 
 
 
18
 
 
 
6
 
 
 
18
 
 
 
-
 
Commercial participations purchased
 
 
88
 
 
 
88
 
 
 
9
 
 
 
90
 
 
 
3
 
Commercial business
 
 
263
 
 
 
263
 
 
 
263
 
 
 
103
 
 
 
-
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
3,616
 
 
$
5,881
 
 
$
138
 
 
$
3,053
 
 
$
64
 
Commercial real estate, construction & land development, and other dwellings
 
$
374
 
 
$
374
 
 
$
6
 
 
$
1,873
 
 
$
-
 
Commercial participations purchased
 
$
88
 
 
$
88
 
 
$
9
 
 
$
90
 
 
$
3
 
Commercial business
 
$
500
 
 
$
500
 
 
$
263
 
 
$
374
 
 
$
2
 
 
 
 
As of December 31, 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
 
$
1,741
 
 
$
4,737
 
 
$
-
 
 
$
1,246
 
 
$
14
 
Commercial real estate, construction & land development, and other dwellings
 
 
5,075
 
 
 
5,075
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
74
 
 
 
74
 
 
 
-
 
 
 
-
 
 
 
-
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
177
 
 
 
177
 
 
 
149
 
 
 
-
 
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
223
 
 
 
223
 
 
 
171
 
 
 
5,068
 
 
 
43
 
Commercial participations purchased
 
 
92
 
 
 
92
 
 
 
14
 
 
 
98
 
 
 
4
 
Commercial business
 
 
22
 
 
 
22
 
 
 
22
 
 
 
287
 
 
 
2
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
1,918
 
 
$
4,914
 
 
$
149
 
 
$
1,246
 
 
$
14
 
Commercial real estate, construction & land development, and other dwellings
 
$
5,298
 
 
$
5,298
 
 
$
171
 
 
$
5,068
 
 
$
43
 
Commercial participations purchased
 
$
92
 
 
$
92
 
 
$
14
 
 
$
98
 
 
$
4
 
Commercial business
 
$
96
 
 
$
96
 
 
$
22
 
 
$
287
 
 
$
2
 
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
 
June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
4,721
 
 
$
1,473
 
 
$
3,607
 
 
$
9,801
 
 
$
201,079
 
 
$
210,880
 
 
$
461
 
Consumer
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
528
 
 
 
528
 
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
3,098
 
 
 
227
 
 
 
156
 
 
 
3,481
 
 
 
270,599
 
 
 
274,080
 
 
 
5
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
88
 
 
 
88
 
 
 
211
 
 
 
299
 
 
 
-
 
Commercial business
 
 
389
 
 
 
396
 
 
 
168
 
 
 
954
 
 
 
70,998
 
 
 
71,952
 
 
 
-
 
Government
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
28,388
 
 
 
28,388
 
 
 
-
 
Total
 
$
8,208
 
 
$
2,096
 
 
$
4,019
 
 
$
14,324
 
 
$
571,803
 
 
$
586,127
 
 
$
466
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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)
 
 
 
June 30,
2016
 
 
December 31,
2015
 
Residential real estate, including home equity
 
$
3,985
 
 
$
4,172
 
Consumer
 
 
-
 
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
407
 
 
 
915
 
Commercial participations purchased
 
 
88
 
 
 
92
 
Commercial business
 
 
431
 
 
 
22
 
Government
 
 
-
 
 
 
-
 
Total
 
$
4,911
 
 
$
5,201