Loans Receivable (Tables)
|
9 Months Ended |
Sep. 30, 2016 |
|---|
| Receivables [Abstract] |
|
| Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
Loans receivable are summarized below:
|
|
| (Dollars in thousands) |
| |
|
| September 30, 2016 |
|
| December 31, 2015 |
| | Loans secured by real estate: |
|
| |
|
|
| |
| | Residential, including home equity |
| $
| 208,658 |
|
| $
| 213,951 |
| | Commercial real estate, construction & land development, and other dwellings |
|
| 280,517 |
|
|
| 259,478 |
| | Commercial participations purchased |
|
| 289 |
|
|
| 310 |
| | Total loans secured by real estate |
|
| 489,464 |
|
|
| 473,739 |
| | Consumer |
|
| 730 |
|
|
| 535 |
| | Commercial business |
|
| 75,828 |
|
|
| 68,813 |
| | Government |
|
| 29,014 |
|
|
| 29,062 |
| | Subtotal |
|
| 595,036 |
|
|
| 572,149 |
| | Less: |
|
| |
|
|
| |
| | Net deferred loan origination fees |
|
| (170 | )
|
|
| (174 | )
| | Undisbursed loan funds |
|
| (235 | )
|
|
| (77 | )
| | Loan receivables |
| $
| 594,631 |
|
| $
| 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 September 30, 2016: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for loan losses:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Beginning Balance
| | $ | 1,770 | | | $ | 37 | | | $ | 4,607 | | | $ | 9 | | | $ | 846 | | | $ | 68 | | | $ | 7,337 | | | Charge-offs
| | | (93 | ) | | | (12 | ) | | | - | | | | - | | | | - | | | | - | | | | (105 | ) | | Recoveries
| | | 1 | | | | 1 | | | | - | | | | - | | | | 8 | | | | - | | | | 10 | | | Provisions
| | | 97 | | | | 25 | | | | 112 | | | | (2 | ) | | | 43 | | | | (13 | ) | | | 262 | | | Ending Balance
| | $ | 1,775 | | | $ | 51 | | | $ | 4,719 | | | $ | 7 | | | $ | 897 | | | $ | 55 | | | $ | 7,504 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended September 30, 2015: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for loan losses:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the nine months ended September 30, 2016: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for loan losses:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Beginning Balance
| | $ | 1,711 | | | $ | 38 | | | $ | 4,422 | | | $ | 14 | | | $ | 698 | | | $ | 70 | | | $ | 6,953 | | | Charge-offs
| | | (305 | ) | | | (24 | ) | | | - | | | | - | | | | - | | | | - | | | | (329 | ) | | Recoveries
| | | 1 | | | | 5 | | | | - | | | | - | | | | 28 | | | | - | | | | 34 | | | Provisions
| | | 368 | | | | 32 | | | | 297 | | | | (7 | ) | | | 171 | | | | (15 | ) | | | 846 | | | Ending Balance
| | $ | 1,775 | | | $ | 51 | | | $ | 4,719 | | | $ | 7 | | | $ | 897 | | | $ | 55 | | | $ | 7,504 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the nine months ended September 30, 2015: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 | |
| (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 September 30, 2016: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ending balance: individually evaluated for impairment | | $ | 135 | | | $ | - | | | $ | 3 | | | $ | 7 | | | $ | 332 | | | $ | - | | | $ | 477 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ending balance: collectively evaluated for impairment | | $ | 1,640 | | | $ | 51 | | | $ | 4,716 | | | $ | - | | | $ | 565 | | | $ | 55 | | | $ | 7,027 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | LOAN RECEIVABLES | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ending balance | | $ | 208,506 | | | $ | 732 | | | $ | 280,517 | | | $ | 289 | | | $ | 75,572 | | | $ | 29,014 | | | $ | 594,631 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ending balance: individually evaluated for impairment | | $ | 2,099 | | | $ | - | | | $ | 374 | | | $ | 85 | | | $ | 652 | | | $ | - | | | $ | 3,210 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ending balance: purchased credit impaired individually evaluated for impairment | | $ | 1,015 | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | 1,015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ending balance: collectively evaluated for impairment | | $ | 205,392 | | | $ | 732 | | | $ | 280,143 | | | $ | 204 | | | $ | 74,920 | | | $ | 29,014 | | | $ | 590,406 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 September 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 | | $ | 253 | | | $ | 270 | | | $ | - | | | $ | - | | | $ | 6,508 | | | $ | 6,526 | | | $ | - | | | $ | - | | | 3 Above average acceptable risk | | | 6,254 | | | | 7,136 | | | | - | | | | - | | | | 15,862 | | | | 4,313 | | | | 955 | | | | - | | | 4 Acceptable risk | | | 131,214 | | | | 129,353 | | | | 188 | | | | 199 | | | | 23,569 | | | | 31,735 | | | | 28,059 | | | | 29,062 | | | 5 Marginally acceptable risk | | | 99,079 | | | | 74,342 | | | | - | | | | - | | | | 16,569 | | | | 12,225 | | | | - | | | | | | | 6 Pass/monitor | | | 37,470 | | | | 38,337 | | | | 17 | | | | 19 | | | | 11,332 | | | | 11,774 | | | | - | | | | - | | | 7 Special mention (watch) | | | 5,874 | | | | 4,707 | | | | - | | | | - | | | | 534 | | | | 601 | | | | - | | | | - | | | 8 Substandard | | | 374 | | | | 5,334 | | | | 85 | | | | 92 | | | | 1,198 | | | | 1,583 | | | | - | | | | - | | | Total | | $ | 280,517 | | | $ | 259,479 | | | $ | 289 | | | $ | 310 | | | $ | 75,572 | | | $ | 68,757 | | | $ | 29,014 | | | $ | 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 | | $ | 204,069 | | | $ | 209,583 | | | $ | 732 | | | $ | 535 | | | Non-performing | | | 4,437 | | | | 4,172 | | | | - | | | | - | | | Total | | $ | 208,506 | | | $ | 213,755 | | | $ | 732 | | | $ | 535 | |
|
| Impaired Financing Receivables [Table Text Block] |
The Bancorp's individually evaluated impaired loans are summarized below:
| | | As of September 30, 2016 | | | For the nine months ended
September 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
| | $ | 2,954 | | | $ | 4,965 | | | $ | - | | | $ | 2,900 | | | $ | 113 | | | Commercial real estate, construction & land development, and other dwellings
| | | 356 | | | | 356 | | | | - | | | | 1,480 | | | | - | | | Commercial participations purchased
| | | - | | | | - | | | | - | | | | - | | | | - | | | Commercial business
| | | 226 | | | | 226 | | | | - | | | | 260 | | | | 3 | | | With an allowance recorded:
| | | | | | | | | | | | | | | | | | | | | | Residential real estate, including home equity
| | | 160 | | | | 160 | | | | 135 | | | | 168 | | | | 4 | | | Commercial real estate, construction & land development, and other dwellings
| | | 18 | | | | 18 | | | | 3 | | | | 18 | | | | - | | | Commercial participations purchased
| | | 85 | | | | 85 | | | | 7 | | | | 89 | | | | 5 | | | Commercial business
| | | 426 | | | | 426 | | | | 332 | | | | 184 | | | | 1 | | | Total:
| | | | | | | | | | | | | | | | | | | | | | Residential real estate, including home equity
| | $ | 3,114 | | | $ | 5,125 | | | $ | 135 | | | $ | 3,068 | | | $ | 117 | | | Commercial real estate, construction & land development, and other dwellings
| | $ | 374 | | | $ | 374 | | | $ | 3 | | | $ | 1,498 | | | $ | - | | | Commercial participations purchased
| | $ | 85 | | | $ | 85 | | | $ | 7 | | | $ | 89 | | | $ | 5 | | | Commercial business
| | $ | 652 | | | $ | 652 | | | $ | 332 | | | $ | 444 | | | $ | 4 | |
| | | As of December 31, 2015 | | | For the nine months ended
September 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 | | | $ | - | | | $ | 2,104 | | | $ | 17 | | | Commercial real estate, construction & land development, and other dwellings
| | | 5,075 | | | | 5,075 | | | | - | | | | - | | | | - | | | Commercial participations purchased
| | | - | | | | - | | | | - | | | | - | | | | - | | | Commercial business
| | | 74 | | | | 74 | | | | - | | | | 81 | | | | 1 | | | 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 | | | | 5,024 | | | | 43 | | | Commercial participations purchased
| | | 92 | | | | 92 | | | | 14 | | | | 95 | | | | 3 | | | Commercial business
| | | 22 | | | | 22 | | | | 22 | | | | 23 | | | | - | | | Total:
| | | | | | | | | | | | | | | | | | | | | | Residential real estate, including home equity
| | $ | 1,918 | | | $ | 4,914 | | | $ | 149 | | | $ | 2,104 | | | $ | 17 | | | Commercial real estate, construction & land development, and other dwellings
| | $ | 5,298 | | | $ | 5,298 | | | $ | 171 | | | $ | 5,024 | | | $ | 43 | | | Commercial participations purchased
| | $ | 92 | | | $ | 92 | | | $ | 14 | | | $ | 95 | | | $ | 3 | | | Commercial business
| | $ | 96 | | | $ | 96 | | | $ | 22 | | | $ | 104 | | | $ | 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 | | | September 30, 2016
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate, including home equity
| | $ | 4,481 | | | $ | 1,528 | | | $ | 3,522 | | | $ | 9,531 | | | $ | 198,975 | | | $ | 208,506 | | | $ | 619 | | | Consumer
| | | - | | | | - | | | | - | | | | - | | | | 732 | | | | 732 | | | | - | | | Commercial real estate, construction & land development, and other dwellings
| | | 574 | | | | 222 | | | | 375 | | | | 1,171 | | | | 279,346 | | | | 280,517 | | | | 1 | | | Commercial participations purchased
| | | - | | | | - | | | | 85 | | | | 85 | | | | 205 | | | | 289 | | | | - | | | Commercial business
| | | 308 | | | | - | | | | 567 | | | | 875 | | | | 74,697 | | | | 75,572 | | | | - | | | Government
| | | - | | | | - | | | | - | | | | - | | | | 29,014 | | | | 29,014 | | | | - | | | Total
| | $ | 5,363 | | | $ | 1,750 | | | $ | 4,549 | | | $ | 11,662 | | | $ | 582,969 | | | $ | 594,631 | | | $ | 620 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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) | | | | | September 30,
2016 | | | December 31,
2015 | | | Residential real estate, including home equity | | $ | 3,819 | | | $ | 4,172 | | | Consumer | | | - | | | | - | | | Commercial real estate, construction & land development, and other dwellings
| | | 374 | | | | 915 | | | Commercial participations purchased | | | 85 | | | | 92 | | | Commercial business | | | 589 | | | | 22 | | | Government | | | - | | | | - | | | Total | | $ | 4,866 | | | $ | 5,201 | |
|