Quarterly report pursuant to Section 13 or 15(d)

Loans Receivable (Tables)

v2.4.0.8
Loans Receivable (Tables)
 6 Months Ended
Jun. 30, 2013
Receivables [Abstract]  
Schedule of Classification of Loans Receivable [Table Text Block]
Year end loans are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
June 30,
2013
 
December 31,
2012
 
Loans secured by real estate:
 
 
 
 
 
 
 
Construction and land development
 
$
15,808
 
$
23,984
 
Residential, including home equity
 
 
159,454
 
 
154,945
 
Commercial real estate and other dwelling
 
 
183,641
 
 
179,825
 
Total loans secured by real estate
 
 
358,903
 
 
358,754
 
Consumer loans
 
 
271
 
 
350
 
Commercial business
 
 
61,626
 
 
69,310
 
Government and other
 
 
13,670
 
 
8,869
 
Subtotal
 
 
434,470
 
 
437,283
 
Less:
 
 
 
 
 
 
 
Net deferred loan origination fees
 
 
(234)
 
 
(251)
 
Undisbursed loan funds
 
 
(96)
 
 
(51)
 
Loans receivable
 
$
434,140
 
$
436,981
 
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
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses is summarized below for the six months ended June 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,024
 
$
19
 
$
4,550
 
$
1,608
 
$
1,220
 
$
-
 
$
8,421
 
Charge-offs
 
 
(117)
 
 
(6)
 
 
(333)
 
 
-
 
 
(438)
 
 
-
 
 
(894)
 
Recoveries
 
 
1
 
 
3
 
 
-
 
 
-
 
 
3
 
 
-
 
 
7
 
Provisions
 
 
542
 
 
(1)
 
 
122
 
 
(757)
 
 
297
 
 
27
 
 
230
 
Ending Balance
 
$
1,450
 
$
15
 
$
4,339
 
$
851
 
$
1,082
 
$
27
 
$
7,764
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses is summarized below for the six months ended June 30, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,161
 
$
15
 
$
3,329
 
$
2,399
 
$
1,101
 
$
-
 
$
8,005
 
Charge-offs
 
 
(205)
 
 
(9)
 
 
(381)
 
 
(484)
 
 
-
 
 
-
 
 
(1,079)
 
Recoveries
 
 
-
 
 
4
 
 
9
 
 
-
 
 
30
 
 
-
 
 
43
 
Provisions
 
 
210
 
 
22
 
 
978
 
 
121
 
 
(256)
 
 
-
 
 
1,075
 
Ending Balance
 
$
1,166
 
$
32
 
$
3,935
 
$
2,036
 
$
875
 
$
-
 
$
8,044
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's allowance for loan losses impairment evaluation and financing receivables are summarized below at June 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
22
 
$
-
 
$
1,437
 
$
-
 
$
-
 
$
-
 
$
1,459
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
1,428
 
$
15
 
$
2,902
 
$
851
 
$
1,082
 
$
27
 
$
6,305
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FINANCING RECEIVABLES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
159,171
 
$
267
 
$
183,319
 
$
16,130
 
$
61,583
 
$
13,670
 
$
434,140
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
1,154
 
$
-
 
$
10,301
 
$
5,235
 
$
1,299
 
$
-
 
$
17,989
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
158,017
 
$
267
 
$
173,018
 
$
10,895
 
$
60,284
 
$
13,670
 
$
416,151
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's allowance for loan losses impairment evaluation and financing receivables are summarized below at December 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
9
 
$
-
 
$
1,783
 
$
-
 
$
209
 
$
-
 
$
2,001
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
1,015
 
$
19
 
$
2,767
 
$
1,608
 
$
1,011
 
$
-
 
$
6,420
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FINANCING RECEIVABLES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
154,627
 
$
347
 
$
175,769
 
$
28,040
 
$
69,329
 
$
8,869
 
$
436,981
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
692
 
$
-
 
$
10,778
 
$
6,378
 
$
2,032
 
$
-
 
$
19,880
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
153,935
 
$
347
 
$
164,991
 
$
21,662
 
$
67,297
 
$
8,869
 
$
417,101
 
Financing Receivable Credit Quality Indicators [Table Text Block]
 The Bancorp's credit quality indicators, are summarized below at June 3 0, 2013 and December 31, 2012: 
 
 
 
(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
 
2013
 
2012
 
2013
 
2012
 
2013
 
 
2012
 
2013
 
2012
 
2 Moderate risk
 
$
16
 
$
19
 
$
-
 
$
-
 
$
5,125
 
 
$
5,674
 
$
-
 
$
-
 
3 Acceptable risk
 
 
118,623
 
 
110,416
 
 
5,506
 
 
15,585
 
 
41,251
 
 
 
45,202
 
 
13,670
 
 
8,869
 
4 Pass/monitor
 
 
51,156
 
 
51,100
 
 
4,570
 
 
1,029
 
 
12,764
 
 
 
13,500
 
 
-
 
 
-
 
5 Special mention (watch)
 
 
3,218
 
 
3,630
 
 
1,732
 
 
5,984
 
 
1,101
 
 
 
3,300
 
 
-
 
 
-
 
6 Substandard
 
 
10,306
 
 
10,604
 
 
4,322
 
 
5,442
 
 
1,342
 
 
 
1,653
 
 
-
 
 
-
 
7 Doubtful
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
-
 
 
-
 
 
-
 
Total
 
$
183,319
 
$
175,769
 
$
16,130
 
$
28,040
 
$
61,583
 
 
$
69,329
 
$
13,670
 
$
8,869
 
 
 
 
(Dollars in thousands)
 
 
 
Consumer Credit Exposure - Credit Risk Profile Based On Payment Activity
 
 
 
Residential Real Estate,
Including Home Equity
 
Consumer Loans
 
 
 
2013
 
2012
 
2013
 
2012
 
Performing
 
$
156,066
 
$
152,838
 
$
267
 
$
337
 
Non-performing
 
 
3,105
 
 
1,789
 
 
-
 
 
10
 
Total
 
$
159,171
 
$
154,627
 
$
267
 
$
347
 
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
The Bancorp's troubled debt restructurings for the six month periods presented are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
Number of
 Contracts
 
Pre-Modification 
Outstanding 
Recorded
 Investment
 
Post-Modification 
Outstanding 
Recorded 
Investment
 
Number of 
Contracts
 
Pre-
Modification 
Outstanding 
Recorded 
Investment
 
Post-
Modification 
Outstanding 
Recorded 
Investment
 
 
 
June 30, 2013
 
June 30, 2012
 
Troubled debt restructurings
    during the period:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate,
    including home equity
 
 
4
 
$
549
 
$
533
 
 
-
 
$
-
 
$
-
 
Consumer loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial real estate,
    construction & land
    development, and other
    dwellings
 
 
-
 
 
-
 
 
-
 
 
2
 
 
893
 
 
893
 
Commercial participations
    purchased
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Commercial business loans
 
 
-
 
 
-
 
 
-
 
 
1
 
 
108
 
 
11
 
Government loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Schedule of Impaired Loans Receivable, Additional Information [Table Text Block]
The Bancorp's individually evaluated impaired loans are summarized below:
 
 
 
As of June 30, 2013
 
For the six months ended
June 30, 2013
 
(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
 
 
610
 
 
610
 
 
-
 
 
791
 
 
15
 
Commercial participations purchased
 
 
5,235
 
 
5,576
 
 
-
 
 
5,507
 
 
29
 
Commercial business loans
 
 
1,298
 
 
2,009
 
 
-
 
 
1,037
 
 
4
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
1,155
 
 
1,167
 
 
22
 
 
831
 
 
12
 
Commercial real estate, construction & land development,
    and other dwellings
 
 
9,595
 
 
9,679
 
 
1,437
 
 
10,004
 
 
142
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
189
 
 
-
 
Commercial business loans
 
 
96
 
 
96
 
 
-
 
 
652
 
 
4
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
1,155
 
$
1,167
 
$
22
 
$
831
 
$
12
 
Commercial real estate, construction & land development,
    and other dwellings
 
$
10,205
 
$
10,289
 
$
1,437
 
$
10,795
 
$
157
 
Commercial participations purchased
 
$
5,235
 
$
5,576
 
$
-
 
$
5,696
 
$
29
 
Commercial business loans
 
$
1,394
 
$
2,105
 
$
-
 
$
1,689
 
$
8
 
 
 
 
As of December 31, 2012
 
For the six months ended
June 30, 2012
 
(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
 
 
591
 
 
591
 
 
-
 
 
708
 
 
2
 
Commercial participations purchased
 
 
6,378
 
 
11,047
 
 
-
 
 
3,501
 
 
-
 
Commercial business loans
 
 
727
 
 
1,000
 
 
-
 
 
645
 
 
17
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
692
 
 
692
 
 
9
 
 
596
 
 
6
 
Commercial real estate, construction & land development,
    and other dwellings
 
 
10,187
 
 
10,271
 
 
1,783
 
 
9,817
 
 
-
 
Commercial participations purchased
 
 
-
 
 
-
 
 
-
 
 
5,406
 
 
144
 
Commercial business loans
 
 
1,305
 
 
1,305
 
 
209
 
 
1,103
 
 
29
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
692
 
$
692
 
$
9
 
$
596
 
$
6
 
Commercial real estate, construction & land development,
    and other dwellings
 
$
10,778
 
$
10,862
 
$
1,783
 
$
10,525
 
$
2
 
Commercial participations purchased
 
$
6,378
 
$
11,047
 
$
-
 
$
8,907
 
$
144
 
Commercial business loans
 
$
2,032
 
$
2,305
 
$
209
 
$
1,748
 
$
46
 
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, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home
    equity
 
$
2,801
 
$
621
 
$
2,082
 
$
5,504
 
$
153,667
 
$
159,171
 
$
4
 
Consumer loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
267
 
 
267
 
 
-
 
Commercial real estate, construction &
    land development, and other dwellings
 
 
729
 
 
2,512
 
 
2,467
 
 
5,708
 
 
177,611
 
 
183,319
 
 
  -
 
Commercial participations purchased
 
 
109
 
 
-
 
 
4,322
 
 
4,431
 
 
11,699
 
 
16,130
 
 
-
 
Commercial business loans
 
 
466
 
 
-
 
 
1,298
 
 
1,764
 
 
59,819
 
 
61,583
 
 
-
 
Government loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
13,670
 
 
13,670
 
 
-
 
Total
 
$
4,105
 
$
3,133
 
$
10,169
 
$
17,407
 
$
416,733
 
$
434,140
 
$
4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home
    equity
 
$
4,172
 
$
1,145
 
$
1,448
 
$
6,765
 
$
147,862
 
$
154,627
 
$
-
 
Consumer loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
347
 
 
347
 
 
-
 
Commercial real estate, construction &
    land development, and other dwellings
 
 
4,044
 
 
390
 
 
1,993
 
 
6,427
 
 
169,342
 
 
175,769
 
 
229
 
Commercial participations purchased
 
 
5
 
 
-
 
 
5,442
 
 
5,447
 
 
22,593
 
 
28,040
 
 
-
 
Commercial business loans
 
 
689
 
 
116
 
 
1,525
 
 
2,330
 
 
66,999
 
 
69,329
 
 
-
 
Government loans
 
 
-
 
 
-
 
 
-
 
 
-
 
 
8,869
 
 
8,869
 
 
-
 
Total
 
$
8,910
 
$
1,651
 
$
10,408
 
$
20,969
 
$
416,012
 
$
436,981
 
$
229
 
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,
2013
 
December 31,
2012
 
Residential real estate, including home equity
 
$
2,850
 
$
1,846
 
Consumer loans
 
 
-
 
 
10
 
Commercial real estate, construction & land
    development, and other dwellings
 
 
2,994
 
 
2,311
 
Commercial participations purchased
 
 
4,322
 
 
5,442
 
Commercial business loans
 
 
1,549
 
 
1,644
 
Government loans
 
 
-
 
 
-
 
Total
 
$
11,715
 
$
11,253