|
Loans (Tables)
|
9 Months Ended |
|
Sep. 30, 2012
|
| Loans [Abstract] |
|
| Summary of loans |
Loans consist of the following:
| |
|
|
|
|
|
|
|
|
| (Dollars in thousands) |
|
September 30,
2012 |
|
|
December 31,
2011 |
|
|
Commercial
|
|
$ |
97,983 |
|
|
$ |
89,828 |
|
|
Commercial real estate
|
|
|
118,287 |
|
|
|
106,332 |
|
|
Residential real estate
|
|
|
108,450 |
|
|
|
103,518 |
|
|
Construction & Land Development
|
|
|
21,462 |
|
|
|
18,061 |
|
|
Consumer
|
|
|
6,298 |
|
|
|
6,216 |
|
| |
|
|
|
|
|
|
|
|
|
Total loans before deferred costs
|
|
|
352,480 |
|
|
|
323,955 |
|
|
Deferred loan costs
|
|
|
268 |
|
|
|
227 |
|
| |
|
|
|
|
|
|
|
|
|
Total Loans
|
|
$ |
352,748 |
|
|
$ |
324,182 |
|
| |
|
|
|
|
|
|
|
|
|
| Schedule of allowances for loan losses by portfolio segment |
The following table details activity in the allowance for loan losses by
portfolio segment for the three and nine month periods ended September 30, 2012 and 2011. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
Commercial |
|
|
Commercial
Real Estate |
|
|
Residential
Real Estate |
|
|
Construction
&
Land
Development |
|
|
Consumer |
|
|
Unallocated |
|
|
Total |
|
|
Three months ended September 30, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance, July 1, 2012
|
|
$ |
896 |
|
|
$ |
1,927 |
|
|
$ |
1,051 |
|
|
$ |
217 |
|
|
$ |
64 |
|
|
$ |
316 |
|
|
$ |
4,471 |
|
|
Provision for possible loan losses
|
|
|
94 |
|
|
|
108 |
|
|
|
(45 |
) |
|
|
85 |
|
|
|
46 |
|
|
|
(82 |
) |
|
|
206 |
|
|
Charge-offs
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(39 |
) |
|
|
|
|
|
|
(39 |
) |
|
Recoveries
|
|
|
2 |
|
|
|
0 |
|
|
|
10 |
|
|
|
0 |
|
|
|
11 |
|
|
|
|
|
|
|
23 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net charge-offs
|
|
|
2 |
|
|
|
0 |
|
|
|
10 |
|
|
|
0 |
|
|
|
(28 |
) |
|
|
|
|
|
|
(16 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
992 |
|
|
$ |
2,035 |
|
|
$ |
1,016 |
|
|
$ |
302 |
|
|
$ |
82 |
|
|
$ |
234 |
|
|
$ |
4,661 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
Commercial |
|
|
Commercial
Real Estate |
|
|
Residential
Real Estate |
|
|
Construction
&
Land
Development |
|
|
Consumer |
|
|
Unallocated |
|
|
Total |
|
|
Nine months ended
September 30, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance, January 1, 2012
|
|
$ |
1,024 |
|
|
$ |
1,673 |
|
|
$ |
894 |
|
|
$ |
180 |
|
|
$ |
78 |
|
|
$ |
233 |
|
|
$ |
4,082 |
|
|
Provision for possible loan losses
|
|
|
(33 |
) |
|
|
376 |
|
|
|
127 |
|
|
|
122 |
|
|
|
24 |
|
|
|
1 |
|
|
|
617 |
|
|
Charge-offs
|
|
|
(15 |
) |
|
|
(14 |
) |
|
|
(104 |
) |
|
|
0 |
|
|
|
(70 |
) |
|
|
|
|
|
|
(203 |
) |
|
Recoveries
|
|
|
16 |
|
|
|
0 |
|
|
|
99 |
|
|
|
0 |
|
|
|
50 |
|
|
|
|
|
|
|
165 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net charge-offs
|
|
|
1 |
|
|
|
(14 |
) |
|
|
(5 |
) |
|
|
0 |
|
|
|
(20 |
) |
|
|
|
|
|
|
(38 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
992 |
|
|
$ |
2,035 |
|
|
$ |
1,016 |
|
|
$ |
302 |
|
|
$ |
82 |
|
|
$ |
234 |
|
|
$ |
4,661 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
Commercial |
|
|
Commercial
Real Estate |
|
|
Residential
Real Estate |
|
|
Construction
& Land
Development |
|
|
Consumer |
|
|
Unallocated |
|
|
Total |
|
|
Three months ended September 30, 2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance, July 1, 2011
|
|
$ |
1,012 |
|
|
$ |
1,558 |
|
|
$ |
776 |
|
|
$ |
272 |
|
|
$ |
81 |
|
|
$ |
355 |
|
|
$ |
4,054 |
|
|
Provision for possible loan losses
|
|
|
(9 |
) |
|
|
(59 |
) |
|
|
304 |
|
|
|
4 |
|
|
|
2 |
|
|
|
(2 |
) |
|
|
240 |
|
|
Charge-offs
|
|
|
(36 |
) |
|
|
(25 |
) |
|
|
(72 |
) |
|
|
(41 |
) |
|
|
(18 |
) |
|
|
|
|
|
|
(192 |
) |
|
Recoveries
|
|
|
1 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
13 |
|
|
|
|
|
|
|
14 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net charge-offs
|
|
|
(35 |
) |
|
|
(25 |
) |
|
|
(72 |
) |
|
|
(41 |
) |
|
|
(5 |
) |
|
|
|
|
|
|
(178 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
968 |
|
|
$ |
1,474 |
|
|
$ |
1,008 |
|
|
$ |
235 |
|
|
$ |
78 |
|
|
$ |
353 |
|
|
$ |
4,116 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
Commercial |
|
|
Commercial
Real Estate |
|
|
Residential
Real Estate |
|
|
Construction
& Land
Development |
|
|
Consumer |
|
|
Unallocated |
|
|
Total |
|
|
Nine months ended
September 30, 2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance, January 1, 2011
|
|
$ |
1,179 |
|
|
$ |
1,183 |
|
|
$ |
1,057 |
|
|
$ |
213 |
|
|
$ |
80 |
|
|
$ |
319 |
|
|
$ |
4,031 |
|
|
Provision for possible loan losses
|
|
|
120 |
|
|
|
359 |
|
|
|
98 |
|
|
|
63 |
|
|
|
36 |
|
|
|
34 |
|
|
|
710 |
|
|
Charge-offs
|
|
|
(343 |
) |
|
|
(68 |
) |
|
|
(156 |
) |
|
|
(41 |
) |
|
|
(78 |
) |
|
|
|
|
|
|
(686 |
) |
|
Recoveries
|
|
|
12 |
|
|
|
0 |
|
|
|
9 |
|
|
|
0 |
|
|
|
40 |
|
|
|
|
|
|
|
61 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net charge-offs
|
|
|
(331 |
) |
|
|
(68 |
) |
|
|
(147 |
) |
|
|
(41 |
) |
|
|
(38 |
) |
|
|
|
|
|
|
(625 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance
|
|
$ |
968 |
|
|
$ |
1,474 |
|
|
$ |
1,008 |
|
|
$ |
235 |
|
|
$ |
78 |
|
|
$ |
353 |
|
|
$ |
4,116 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allowances for loan losses and ending balances by portfolio segment |
The following table presents
the balance in the allowance for loan losses and the ending loan balances by portfolio segment and based on the impairment method as of September 30, 2012 and December 31,2011:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
Commercial |
|
|
Commercial
Real Estate |
|
|
Residential
Real Estate |
|
|
Construction
& Land
Development |
|
|
Consumer |
|
|
Unallocated |
|
|
Total |
|
|
September 30, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending allowance balances attributable to loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment
|
|
$ |
86 |
|
|
$ |
688 |
|
|
$ |
57 |
|
|
$ |
61 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
892 |
|
|
Collectively evaluated for impairment
|
|
|
906 |
|
|
|
1,347 |
|
|
|
959 |
|
|
|
241 |
|
|
|
82 |
|
|
|
234 |
|
|
|
3,769 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total ending allowance balance
|
|
$ |
992 |
|
|
$ |
2,035 |
|
|
$ |
1,016 |
|
|
$ |
302 |
|
|
$ |
82 |
|
|
$ |
234 |
|
|
$ |
4,661 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment
|
|
$ |
3,915 |
|
|
$ |
4,911 |
|
|
$ |
1,151 |
|
|
$ |
166 |
|
|
$ |
0 |
|
|
|
|
|
|
$ |
10,143 |
|
|
Loans collectively evaluated for impairment
|
|
|
94,068 |
|
|
|
113,376 |
|
|
|
107,299 |
|
|
|
21,296 |
|
|
|
6,298 |
|
|
|
|
|
|
|
342,337 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total ending loans balance
|
|
$ |
97,983 |
|
|
$ |
118,287 |
|
|
$ |
108,450 |
|
|
$ |
21,462 |
|
|
$ |
6,298 |
|
|
|
|
|
|
$ |
352,480 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending allowance balances attributable to loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment
|
|
$ |
165 |
|
|
$ |
304 |
|
|
$ |
53 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
522 |
|
|
Collectively evaluated for impairment
|
|
|
859 |
|
|
|
1,369 |
|
|
|
841 |
|
|
|
180 |
|
|
|
78 |
|
|
|
233 |
|
|
|
3,560 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total ending allowance balance
|
|
$ |
1,024 |
|
|
$ |
1,673 |
|
|
$ |
894 |
|
|
$ |
180 |
|
|
$ |
78 |
|
|
$ |
233 |
|
|
$ |
4,082 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans individually evaluated for impairment
|
|
$ |
4,605 |
|
|
$ |
2,476 |
|
|
$ |
182 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
|
|
|
|
$ |
7,263 |
|
|
Loans collectively evaluated for impairment
|
|
|
85,223 |
|
|
|
103,856 |
|
|
|
103,336 |
|
|
|
18,061 |
|
|
|
6,216 |
|
|
|
|
|
|
|
316,692 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total ending loans balance
|
|
$ |
89,828 |
|
|
$ |
106,332 |
|
|
$ |
103,518 |
|
|
$ |
18,061 |
|
|
$ |
6,216 |
|
|
|
|
|
|
$ |
323,955 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of impairment by class of loans |
The following table presents loans individually evaluated for impairment by class of loans as of
September 30, 2012 and December 31, 2011:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
Unpaid
Principal
Balance |
|
|
Recorded
Investment
with no
Allowance |
|
|
Recorded
Investment
with
Allowance |
|
|
Total
Recorded
Investment |
|
|
Related
Allowance |
|
|
Average
Recorded
Investment |
|
|
September 30, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
3,915 |
|
|
$ |
0 |
|
|
$ |
3,928 |
|
|
$ |
3,928 |
|
|
$ |
86 |
|
|
$ |
4,243 |
|
|
Commercial real estate
|
|
|
4,950 |
|
|
|
1,263 |
|
|
|
3,641 |
|
|
|
4,904 |
|
|
|
689 |
|
|
|
4,160 |
|
|
Residential real estate
|
|
|
1,229 |
|
|
|
88 |
|
|
|
1,066 |
|
|
|
1,154 |
|
|
|
57 |
|
|
|
646 |
|
|
Construction & land development
|
|
|
173 |
|
|
|
0 |
|
|
|
166 |
|
|
|
166 |
|
|
|
61 |
|
|
|
166 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired loans
|
|
$ |
10,267 |
|
|
$ |
1,351 |
|
|
$ |
8,801 |
|
|
$ |
10,152 |
|
|
$ |
893 |
|
|
$ |
9,215 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
December 31, 2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
4,605 |
|
|
$ |
0 |
|
|
$ |
4,605 |
|
|
$ |
4,605 |
|
|
$ |
165 |
|
|
$ |
2,890 |
|
|
Commercial real estate
|
|
|
2,621 |
|
|
|
0 |
|
|
|
2,476 |
|
|
|
2,476 |
|
|
|
304 |
|
|
|
2,924 |
|
|
Residential real estate
|
|
|
182 |
|
|
|
0 |
|
|
|
182 |
|
|
|
182 |
|
|
|
53 |
|
|
|
103 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total impaired loans
|
|
$ |
7,408 |
|
|
$ |
0 |
|
|
$ |
7,263 |
|
|
$ |
7,263 |
|
|
$ |
522 |
|
|
$ |
5,917 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of aging of past due and nonaccrual loans |
The following table presents the aging of past due and nonaccrual loans as of September 30,
2012 and December 31, 2011 by class of loans:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
Current |
|
|
30 - 59
Days
Past Due |
|
|
60 - 89
Days
Past Due |
|
|
90 Days +
Past Due |
|
|
Non-
Accrual |
|
|
Total
Past Due
and Non-
Accrual |
|
|
Total
Loans |
|
|
September 30, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
97,782 |
|
|
$ |
123 |
|
|
$ |
21 |
|
|
$ |
0 |
|
|
$ |
57 |
|
|
$ |
201 |
|
|
$ |
97,983 |
|
|
Commercial real estate
|
|
|
115,390 |
|
|
|
257 |
|
|
|
0 |
|
|
|
11 |
|
|
|
2,629 |
|
|
|
2,897 |
|
|
|
118,287 |
|
|
Residential
|
|
|
106,318 |
|
|
|
1,097 |
|
|
|
243 |
|
|
|
141 |
|
|
|
651 |
|
|
|
2,132 |
|
|
|
108,450 |
|
|
Construction
|
|
|
20,621 |
|
|
|
668 |
|
|
|
0 |
|
|
|
0 |
|
|
|
173 |
|
|
|
841 |
|
|
|
21,462 |
|
|
Consumer
|
|
|
6,124 |
|
|
|
111 |
|
|
|
63 |
|
|
|
0 |
|
|
|
0 |
|
|
|
174 |
|
|
|
6,298 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Loans
|
|
$ |
346,235 |
|
|
$ |
2,256 |
|
|
$ |
327 |
|
|
$ |
152 |
|
|
$ |
3,510 |
|
|
$ |
6,245 |
|
|
$ |
352,480 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
December 31, 2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
89,365 |
|
|
$ |
272 |
|
|
$ |
28 |
|
|
$ |
150 |
|
|
$ |
13 |
|
|
$ |
463 |
|
|
$ |
89,828 |
|
|
Commercial real estate
|
|
|
103,828 |
|
|
|
587 |
|
|
|
250 |
|
|
|
141 |
|
|
|
1,526 |
|
|
|
2,504 |
|
|
|
106,332 |
|
|
Residential
|
|
|
100,297 |
|
|
|
1,443 |
|
|
|
303 |
|
|
|
282 |
|
|
|
1,193 |
|
|
|
3,221 |
|
|
|
103,518 |
|
|
Construction
|
|
|
17,885 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
176 |
|
|
|
176 |
|
|
|
18,061 |
|
|
Consumer
|
|
|
5,985 |
|
|
|
194 |
|
|
|
29 |
|
|
|
8 |
|
|
|
0 |
|
|
|
231 |
|
|
|
6,216 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Loans
|
|
$ |
317,360 |
|
|
$ |
2,496 |
|
|
$ |
610 |
|
|
$ |
581 |
|
|
$ |
2,908 |
|
|
$ |
6,595 |
|
|
$ |
323,955 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of troubled debt restructurings |
Loan modifications that are considered troubled debt restructurings
completed during the three and nine month periods ended September 30, 2012 and 2011 were as follows:
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months Ended September 30, 2012 |
|
|
(Dollars in thousands)
|
|
Number of
loans
restructured |
|
|
Pre-
Modification
Recorded
Investment |
|
|
Post-
Modification
Recorded
Investment |
|
|
Commercial real estate
|
|
|
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
Residential real estate
|
|
|
1 |
|
|
|
206 |
|
|
|
206 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Restructured Loans
|
|
|
1 |
|
|
$ |
206 |
|
|
$ |
206 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequently Defaulted
|
|
|
0 |
|
|
$ |
0 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Nine Months Ended September 30, 2012 |
|
|
(Dollars in thousands)
|
|
Number of
loans
restructured |
|
|
Pre-
Modification
Recorded
Investment |
|
|
Post-
Modification
Recorded
Investment |
|
|
Commercial real estate
|
|
|
1 |
|
|
$ |
140 |
|
|
$ |
140 |
|
|
Residential real estate
|
|
|
8 |
|
|
|
694 |
|
|
|
694 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Restructured Loans
|
|
|
9 |
|
|
$ |
834 |
|
|
$ |
834 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequently Defaulted
|
|
|
1 |
|
|
$ |
60 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months Ended September 30, 2011 |
|
|
(Dollars in thousands)
|
|
Number of
loans
restructured |
|
|
Pre-
Modification
Recorded
Investment |
|
|
Post-
Modification
Recorded
Investment |
|
|
Commercial real estate
|
|
|
1 |
|
|
$ |
298 |
|
|
$ |
298 |
|
|
Residential real estate
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Restructured Loans
|
|
|
1 |
|
|
$ |
298 |
|
|
$ |
298 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequently Defaulted
|
|
|
0 |
|
|
$ |
0 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Nine Months Ended September 30, 2011 |
|
|
(Dollars in thousands)
|
|
Number of
loans
restructured |
|
|
Pre-
Modification
Recorded
Investment |
|
|
Post-
Modification
Recorded
Investment |
|
|
Commercial
|
|
|
3 |
|
|
$ |
4,465 |
|
|
$ |
4,465 |
|
|
Commercial real estate
|
|
|
2 |
|
|
|
518 |
|
|
|
518 |
|
|
Residential real estate
|
|
|
5 |
|
|
|
285 |
|
|
|
285 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Restructured Loans
|
|
|
10 |
|
|
$ |
5,268 |
|
|
$ |
5,268 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequently Defaulted
|
|
|
1 |
|
|
$ |
90 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of Loans by Credit Quality Indicator |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
Pass |
|
|
Special
Mention |
|
|
Substandard |
|
|
Doubtful |
|
|
Not Rated |
|
|
Total |
|
|
September 30, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
86,829 |
|
|
$ |
4,905 |
|
|
$ |
6,075 |
|
|
$ |
0 |
|
|
$ |
174 |
|
|
$ |
97,983 |
|
|
Commercial real estate
|
|
|
100,725 |
|
|
|
5,369 |
|
|
|
9,081 |
|
|
|
0 |
|
|
|
3,112 |
|
|
|
118,287 |
|
|
Residential real estate
|
|
|
204 |
|
|
|
0 |
|
|
|
55 |
|
|
|
0 |
|
|
|
108,191 |
|
|
|
108,450 |
|
|
Construction & land development
|
|
|
15,505 |
|
|
|
3,369 |
|
|
|
1,214 |
|
|
|
0 |
|
|
|
1,374 |
|
|
|
21,462 |
|
|
Consumer
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
6,298 |
|
|
|
6,298 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
203,263 |
|
|
$ |
13,643 |
|
|
$ |
16,425 |
|
|
$ |
0 |
|
|
$ |
119,149 |
|
|
$ |
352,480 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
December 31, 2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
76,216 |
|
|
$ |
5,147 |
|
|
$ |
7,710 |
|
|
$ |
0 |
|
|
$ |
755 |
|
|
$ |
89,828 |
|
|
Commercial real estate
|
|
|
84,846 |
|
|
|
10,385 |
|
|
|
8,686 |
|
|
|
0 |
|
|
|
2,415 |
|
|
|
106,332 |
|
|
Residential real estate
|
|
|
1,151 |
|
|
|
0 |
|
|
|
61 |
|
|
|
0 |
|
|
|
102,306 |
|
|
|
103,518 |
|
|
Construction & land development
|
|
|
12,695 |
|
|
|
4,340 |
|
|
|
168 |
|
|
|
0 |
|
|
|
858 |
|
|
|
18,061 |
|
|
Consumer
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
6,216 |
|
|
|
6,216 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
174,908 |
|
|
$ |
19,872 |
|
|
$ |
16,625 |
|
|
$ |
0 |
|
|
$ |
112,550 |
|
|
$ |
323,955 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of loans not rated by class of loans |
The following table presents loans that are not rated by class of loans as of September 30, 2012 and December 31, 2011. Non-performing loans include loans past due 90 days and
greater and loans on nonaccrual of interest.
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
Performing |
|
|
Non-Performing |
|
|
Total |
|
|
September 30, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
174 |
|
|
$ |
0 |
|
|
$ |
174 |
|
|
Commercial real estate
|
|
|
3,112 |
|
|
|
0 |
|
|
|
3,112 |
|
|
Residential real estate
|
|
|
107,454 |
|
|
|
737 |
|
|
|
108,191 |
|
|
Construction & land development
|
|
|
1,367 |
|
|
|
7 |
|
|
|
1,374 |
|
|
Consumer
|
|
|
6,298 |
|
|
|
0 |
|
|
|
6,298 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
118,405 |
|
|
$ |
744 |
|
|
$ |
119,149 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
December 31, 2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
$ |
755 |
|
|
$ |
0 |
|
|
$ |
755 |
|
|
Commercial real estate
|
|
|
2,415 |
|
|
|
0 |
|
|
|
2,415 |
|
|
Residential real estate
|
|
|
100,892 |
|
|
|
1,414 |
|
|
|
102,306 |
|
|
Construction & land development
|
|
|
850 |
|
|
|
8 |
|
|
|
858 |
|
|
Consumer
|
|
|
6,208 |
|
|
|
8 |
|
|
|
6,216 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
111,120 |
|
|
$ |
1,430 |
|
|
$ |
112,550 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|