Fair Value Disclosures (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Disclosures

Schedule of Company's assets measured at fair value on a recurring basis

	June 30, 2012
	Fair Value Measurement Using
	Level 1		Level 2		Level 3		Securities at Fair Value
	(in thousands)
Investment securities available for sale:
U.S. Treasury	$	261	$	—	$	—	$	261
Corporate	—		—		—		—
Municipal bonds	41,116		—		—		41,116
Mortgage-backed securities	101,743		2,087		927		104,757
Total securities available for sale	$	143,120	$	2,087	$	927	$	146,134
Stock:
FHLB stock	$	10,725	$	—	$	—	$	10,725
Federal Reserve Bank stock	2,019		—		—		2,019
Total stock	$	12,744	$	—	$	—	$	12,744
Total securities	$	155,864	$	2,087	$	927	$	158,878

	June 30, 2011
	Fair Value Measurement Using
	Level 1		Level 2		Level 3		Securities at Fair Value
	(in thousands)
Investment securities available for sale:
U.S. Treasury	$	161	$	—	$	—	$	161
Municipal bonds	23,184		—		—		23,184
Mortgage-backed securities	113,150		3,555		1,254		117,959
Total securities available for sale	$	136,495	$	3,555	$	1,254	$	141,304
Stock:
FHLB stock	$	11,473	$	—	$	—	$	11,473
Federal Reserve Bank stock	2,019		—		—		2,019
Total stock	$	13,492	$	—	$	—	$	13,492
Total securities	$	149,987	$	3,555	$	1,254	$	154,796

Schedule of reconciliation of the beginning and ending balance of assets measured at fair value on a recurring basis using significant unobservable (Level 3) inputs

	Six Months Ended
	June 30, 2012			June 30, 2011
	(in thousands)
Balance, beginning of period	$	991		$	1,505
Total gains or (losses) realized/unrealized:
Included in earnings (or changes in net assets)	(102		)	(394		)
Included in other comprehensive income	144			(189		)
Purchases, issuances, and settlements	(146		)	(256		)
Transfer in and/or out of Level 3	40			588
Balance, end of period	$	927		$	1,254

Schedule of Company's assets measured at fair value on a non-recurring basis

	June 30, 2012
	Fair Value Measurement Using
	Level 1		Level 2		Level 3		Assets at Fair Value
	(in thousands)
Assets
Impaired loans	$	—	$	5,193	$	—	$	5,193
Loans held for sale	—		2,401		—		2,401
Other real estate owned	—		9,339		—		9,339
Total assets	$	—	$	16,933	$	—	$	16,933

	June 30, 2011
	Fair Value Measurement Using
	Level 1		Level 2		Level 3		Assets at Fair Value
	(in thousands)
Assets
Impaired loans	$	—	$	19,885	$	—	$	19,885
Other real estate owned	—		4,447		—		4,447
Total assets	$	—	$	24,332	$	—	$	24,332