Quarterly report pursuant to Section 13 or 15(d)

Loans Receivable (Tables)

v2.4.1.9
Loans Receivable (Tables)
 3 Months Ended
Mar. 31, 2015
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Loans receivable are summarized below:
 
 
 
(Dollars in thousands)
 
 
 
March 31, 2015
 
 
December 31, 2014
 
Loans secured by real estate:
 
 
 
 
 
 
 
 
Residential, including home equity
 
$
185,576
 
 
$
189,743
 
Commercial real estate, construction & land development, and other dwellings
 
 
213,688
 
 
 
211,162
 
Commercial participations purchased
 
 
2,195
 
 
 
2,289
 
Total loans secured by real estate
 
 
401,459
 
 
 
403,194
 
Consumer loans
 
 
348
 
 
 
358
 
Commercial business
 
 
60,954
 
 
 
58,790
 
Government loans
 
 
28,045
 
 
 
26,134
 
Subtotal
 
 
490,806
 
 
 
488,476
 
Less:
 
 
 
 
 
 
 
 
Net deferred loan origination fees
 
 
(198
)
 
 
(197
)
Undisbursed loan funds
 
 
(71
)
 
 
(126
)
Loan receivables
 
$
490,537
 
 
$
488,153
 
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, 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
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Bancorp's activity in the allowance for loan losses, by loan segment, is summarized below for the three months ended March 31, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,444
 
 
$
12
 
 
$
4,789
 
 
$
31
 
 
$
859
 
 
$
54
 
 
$
7,189
 
Charge-offs
 
 
(2
)
 
 
(7
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(9
)
Recoveries
 
 
2
 
 
 
1
 
 
 
11
 
 
 
2
 
 
 
2
 
 
 
-
 
 
 
18
 
Provisions
 
 
4
 
 
 
11
 
 
 
169
 
 
 
8
 
 
 
46
 
 
 
7
 
 
 
245
 
Ending Balance
 
$
1,448
 
 
$
17
 
 
$
4,969
 
 
$
41
 
 
$
907
 
 
$
61
 
 
$
7,443
 
 
(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 allowance for loan losses impairment evaluation and loan receivables are summarized below at March 31, 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
27
 
 
$
-
 
 
$
363
 
 
$
8
 
 
$
89
 
 
$
-
 
 
$
487
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
1,938
 
 
$
21
 
 
$
3,331
 
 
$
2
 
 
$
726
 
 
$
81
 
 
$
6,099
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LOAN RECEIVABLES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
185,363
 
 
$
346
 
 
$
213,688
 
 
$
2,195
 
 
$
60,900
 
 
$
28,045
 
 
$
490,537
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually evaluated for impairment
 
$
336
 
 
$
-
 
 
$
5,161
 
 
$
100
 
 
$
315
 
 
$
-
 
 
$
5,912
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: purchased credit impaired individually evaluated for impairment
 
$
929
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
929
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: collectively evaluated for impairment
 
$
184,098
 
 
$
346
 
 
$
208,527
 
 
$
2,095
 
 
$
60,585
 
 
$
28,045
 
 
$
483,696
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 March 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 Loans
 
 
Government
Loans
 
Loan Grades
 
2015
 
 
2014
 
 
2015
 
 
2014
 
 
2015
 
 
2014
 
 
2015
 
 
2014
 
2  Moderate risk
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
4,109
 
 
$
4,920
 
 
$
-
 
 
$
-
 
3  Acceptable risk
 
 
173,738
 
 
 
170,423
 
 
 
2,050
 
 
 
2,071
 
 
 
43,421
 
 
 
41,197
 
 
 
28,045
 
 
 
26,134
 
4  Pass/monitor
 
 
30,182
 
 
 
29,678
 
 
 
45
 
 
 
115
 
 
 
11,652
 
 
 
10,893
 
 
 
-
 
 
 
-
 
5  Special mention (watch)
 
 
4,607
 
 
 
4,649
 
 
 
-
 
 
 
-
 
 
 
1,403
 
 
 
1,343
 
 
 
-
 
 
 
-
 
6  Substandard
 
 
5,161
 
 
 
6,412
 
 
 
100
 
 
 
103
 
 
 
315
 
 
 
329
 
 
 
-
 
 
 
-
 
7  Doubtful
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Total
 
$
213,688
 
 
$
211,162
 
 
$
2,195
 
 
$
2,289
 
 
$
60,900
 
 
$
58,682
 
 
$
28,045
 
 
$
26,134
 
 
 
 
(Dollars in thousands)
 
 
 
Consumer Credit Exposure - Credit Risk Profile Based On Payment Activity
 
 
 
Residential Real Estate,
Including Home Equity
 
 
Consumer Loans
 
 
 
2015
 
 
2014
 
 
2015
 
 
2014
 
Performing
 
$
177,999
 
 
$
185,996
 
 
$
346
 
 
$
357
 
Non-performing
 
 
7,364
 
 
 
3,533
 
 
 
-
 
 
 
-
 
Total
 
$
185,363
 
 
$
189,529
 
 
$
346
 
 
$
357
 
Impaired Financing Receivables [Table Text Block]
The Bancorp's individually evaluated impaired loans are summarized below:
 
 
 
As of March 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
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
70
 
 
 
70
 
 
 
-
 
 
 
70
 
 
 
-
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business loans
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
1,265
 
 
 
2,269
 
 
 
27
 
 
 
1,270
 
 
 
8
 
Commercial real estate, construction & land development, and other dwellings
 
 
5,091
 
 
 
5,091
 
 
 
363
 
 
 
5,114
 
 
 
47
 
Commercial participations purchased
 
 
100
 
 
 
100
 
 
 
8
 
 
 
102
 
 
 
2
 
Commercial business loans
 
 
315
 
 
 
583
 
 
 
89
 
 
 
321
 
 
 
1
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
1,265
 
 
$
2,269
 
 
$
27
 
 
$
1,270
 
 
$
8
 
Commercial real estate, construction & land development, and other dwellings
 
$
5,161
 
 
$
5,161
 
 
$
363
 
 
$
5,184
 
 
$
47
 
Commercial participations purchased
 
$
100
 
 
$
100
 
 
$
8
 
 
$
102
 
 
$
2
 
Commercial business loans
 
$
315
 
 
$
583
 
 
$
89
 
 
$
321
 
 
$
1
 
  
 
 
As of December 31, 2014
 
 
For the three months ended
March 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
 
 
 
-
 
 
 
593
 
 
 
9
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business loans
 
 
25
 
 
 
25
 
 
 
-
 
 
 
270
 
 
 
2
 
With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
 
685
 
 
 
1,258
 
 
 
15
 
 
 
778
 
 
 
9
 
Commercial real estate, construction & land development, and other dwellings
 
 
5,716
 
 
 
6,952
 
 
 
366
 
 
 
7,800
 
 
 
74
 
Commercial participations purchased
 
 
103
 
 
 
103
 
 
 
11
 
 
 
-
 
 
 
-
 
Commercial business loans
 
 
303
 
 
 
571
 
 
 
34
 
 
 
261
 
 
 
-
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
685
 
 
$
1,258
 
 
$
15
 
 
$
778
 
 
$
9
 
Commercial real estate, construction & land development, and other dwellings
 
$
6,240
 
 
$
7,476
 
 
$
366
 
 
$
8,393
 
 
$
83
 
Commercial participations purchased
 
$
103
 
 
$
103
 
 
$
11
 
 
$
-
 
 
$
-
 
Commercial business loans
 
$
328
 
 
$
596
 
 
$
34
 
 
$
531
 
 
$
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
 
March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
3,682
 
 
$
1,919
 
 
$
1,763
 
 
$
7,364
 
 
$
177,999
 
 
$
185,363
 
 
$
135
 
Consumer loans
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
346
 
 
 
346
 
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
700
 
 
 
-
 
 
 
736
 
 
 
1,436
 
 
 
212,252
 
 
 
213,688
 
 
 
158
 
Commercial participations purchased
 
 
-
 
 
 
-
 
 
 
100
 
 
 
100
 
 
 
2,095
 
 
 
2,195
 
 
 
-
 
Commercial business loans
 
 
851
 
 
 
80
 
 
 
229
 
 
 
1,160
 
 
 
59,740
 
 
 
60,900
 
 
 
-
 
Government loans
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
28,045
 
 
 
28,045
 
 
 
-
 
Total
 
$
5,233
 
 
$
1,999
 
 
$
2,828
 
 
$
10,060
 
 
$
480,477
 
 
$
490,537
 
 
$
293
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate, including home equity
 
$
4,405
 
 
$
2,693
 
 
$
2,579
 
 
$
9,677
 
 
$
179,852
 
 
$
189,529
 
 
$
941
 
Consumer loans
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
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 loans
 
 
339
 
 
 
76
 
 
 
238
 
 
 
653
 
 
 
58,029
 
 
 
58,682
 
 
 
-
 
Government loans
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
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)
 
 
 
March 31,
2015
 
 
December 31,
2014
 
Residential real estate, including home equity
 
$
2,916
 
 
$
2,443
 
Consumer loans
 
 
-
 
 
 
-
 
Commercial real estate, construction & land development, and other dwellings
 
 
607
 
 
 
1,815
 
Commercial participations purchased
 
 
100
 
 
 
103
 
Commercial business loans
 
 
229
 
 
 
238
 
Government loans
 
 
-
 
 
 
-
 
Total
 
$
3,852
 
 
$
4,599