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Fair Value Of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2013
Fair Value Of Financial Instruments [Abstract]  
Summary Of Financial Assets Measured On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices in

 

Significant

 

 

 

 

 

 

 

Active Markets

 

Other

 

Significant

 

Fair

 

for Identical

 

Observable

 

Unobservable

 

Value

 

Assets

 

Inputs

 

Inputs

(Dollars in thousands)

Measurements

 

(Level I)

 

(Level II)

 

(Level III)

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

U.S. government agencies

$
5,513 

 

$

 -

 

$
5,513 

 

$

 -

State and political subdivisions

 
26,115 

 

 

 -

 

 
26,115 

 

 

 -

Mortgage-backed securities

 

 

 

 

 

 

 

 

 

 

 

U.S. government-sponsored enterprises

 
63,304 

 

 

 -

 

 
63,304 

 

 

 -

Equity securities-financial services industry and other

 
446 

 

 
446 

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012:

 

 

 

 

 

 

 

 

 

 

 

State and political subdivisions

$
27,741 

 

$

 -

 

$
27,741 

 

$

 -

Mortgage-backed securities

 

 

 

 

 

 

 

 

 

 

 

U.S. government-sponsored enterprises

 
90,709 

 

 

 -

 

 
90,709 

 

 

 -

Equity securities-financial services industry and other

 
431 

 

 
431 

 

 

 -

 

 

 -

 

Summary Of Financial Assets Measured On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices in

 

Significant

 

 

 

 

 

 

 

Active Markets

 

Other

 

Significant

 

Fair

 

for Identical

 

Observable

 

Unobservable

 

Value

 

Assets

 

Inputs

 

Inputs

(Dollars in thousands)

Measurements

 

(Level I)

 

(Level II)

 

(Level III)

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

  Impaired loans

$
4,207 

 

$

 -

 

$

 -

 

$
4,207 

  Foreclosed real estate

 
789 

 

 

 -

 

 

 -

 

 
789 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012:

 

 

 

 

 

 

 

 

 

 

 

  Impaired loans

$
6,239 

 

$

 -

 

$

 -

 

$
6,239 

  Foreclosed real estate

 
3,612 

 

 

 -

 

 

 -

 

 
3,612 

 

Qualitative Information About Level 3 Fair Value Measurements

 

 

 

 

 

 

 

 

 

 

Qualitative Information about Level 3 Fair Value Measurements

 

Fair

 

 

 

 

 

Range

 

Value

 

Valuation

 

Unobservable

 

(Weighted

(Dollars in thousands)

Estimate

 

Techniques

 

Input

 

Average)

 

 

 

 

 

 

 

 

 

September 30, 2013:

 

 

 

 

 

 

 

 

Impaired loans

$
4,207 

 

Appraisal of

 

Appraisal

 

0% to -61.2% 

 

 

 

 

collateral 

 

adjustments (1)

 

(-7.5%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreclosed real estate

 
789 

 

Appraisal of

 

Selling

 

 

 

 

 

 

collateral 

 

expenses (1)

 

-7.0% (-7.0%)

 

 

 

 

 

 

 

 

 

December 31, 2012:

 

 

 

 

 

 

 

 

Impaired loans

$
6,239 

 

Appraisal of

 

Appraisal

 

0% to -57.1% 

 

 

 

 

collateral 

 

adjustments (1)

 

(-21.8%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreclosed real estate

 
3,612 

 

Appraisal of

 

Selling

 

 

 

 

 

 

collateral 

 

expenses (1)

 

-7.0% (-7.0%)

 

 

 

 

 

 

 

 

 

(1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated selling expenses.  The range and weighted average of selling expenses and other appraisal adjustments are presented as a percent of the appraisal.

 

Estimated Fair Values Of Financial Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices in

 

Significant

 

 

 

 

 

 

 

 

 

 

Active Markets

 

Other

 

Significant

 

September 30, 2013

 

for Identical

 

Observable

 

Unobservable

 

Carrying

 

Fair

 

Assets

 

Inputs

 

Inputs

(Dollars in thousands)

Amount

 

Value

 

(Level I)

 

(Level II)

 

(Level III)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$
11,040 

 

$
11,040 

 

$
11,040 

 

$

 -

 

$

 -

Time deposits with other banks

 
100 

 

 
100 

 

 
100 

 

 

 -

 

 

 -

Securities available for sale

 
95,378 

 

 
95,378 

 

 
446 

 

 
94,932 

 

 

 -

Securities held to maturity

 
5,824 

 

 
5,856 

 

 

 -

 

 
5,856 

 

 

 -

Federal Home Loan Bank stock

 
2,480 

 

 
2,480 

 

 

 -

 

 
2,480 

 

 

 -

Loans receivable, net of allowance

 
386,645 

 

 
387,076 

 

 

 -

 

 

 -

 

 
387,076 

Accrued interest receivable

 
1,695 

 

 
1,695 

 

 

 -

 

 
1,695 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-maturity deposits

 
340,503 

 

 
325,590 

 

 
325,590 

 

 

 -

 

 

 -

Time deposits

 
96,471 

 

 
97,616 

 

 

 -

 

 
97,616 

 

 

 -

Borrowings

 
36,000 

 

 
38,130 

 

 

 -

 

 
38,130 

 

 

 -

Junior subordinated debentures

 
12,887 

 

 
7,581 

 

 

 -

 

 
7,581 

 

 

 -

Accrued interest payable

 
206 

 

 
206 

 

 

 -

 

 
206 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices in

 

Significant

 

 

 

 

 

 

 

 

 

 

Active Markets

 

Other

 

Significant

 

December 31, 2012

 

for Identical

 

Observable

 

Unobservable

 

Carrying

 

Fair

 

Assets

 

Inputs

 

Inputs

(Dollars in thousands)

Amount

 

Value

 

(Level I)

 

(Level II)

 

(Level III)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$
11,668 

 

$
11,668 

 

$
11,668 

 

$

 -

 

$

 -

Time deposits with other banks

 
100 

 

 
100 

 

 
100 

 

 

 -

 

 

 -

Securities available for sale

 
118,881 

 

 
118,881 

 

 
431 

 

 
118,450 

 

 

 -

Securities held to maturity

 
5,221 

 

 
5,472 

 

 

 -

 

 
5,472 

 

 

 -

Federal Home Loan Bank stock

 
1,980 

 

 
1,980 

 

 

 -

 

 
1,980 

 

 

 -

Loans receivable, net of allowance

 
342,760 

 

 
353,208 

 

 

 -

 

 

 -

 

 
353,208 

Accrued interest receivable

 
1,741 

 

 
1,741 

 

 

 -

 

 
1,741 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-maturity deposits

 
328,856 

 

 
327,096 

 

 
327,096 

 

 

 -

 

 

 -

Time deposits

 
103,580 

 

 
105,680 

 

 

 -

 

 
105,680 

 

 

 -

Borrowings

 
26,000 

 

 
29,476 

 

 

 -

 

 
29,476 

 

 

 -

Junior subordinated debentures

 
12,887 

 

 
6,315 

 

 

 -

 

 
6,315 

 

 

 -

Accrued interest payable

 
273 

 

 
273 

 

 

 -

 

 
273 

 

 

 -