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Fair Value Of Assets And Liabilities (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Of Assets And Liabilities [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)

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

U.S. government agencies

$

5,380 

 

$

 -

 

$

5,380 

 

$

 -

State and political subdivisions

 

25,875 

 

 

 -

 

 

25,875 

 

 

 -

Mortgage-backed securities

 

 

 

 

 

 

 

 

 

 

 

U.S. government-sponsored enterprises

 

58,937 

 

 

 -

 

 

58,937 

 

 

 -

Equity securities-financial services industry and other

 

484 

 

 

484 

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

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)

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

  Impaired loans

$

5,483 

 

$

 -

 

$

 -

 

$

5,483 

  Foreclosed real estate

 

1,008 

 

 

 -

 

 

 -

 

 

1,008 

 

 

 

 

 

 

 

 

 

 

 

 

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 III Fair Value Measurements

 

Fair

 

 

 

 

 

Range

 

Value

 

Valuation

 

Unobservable

 

(Weighted

(Dollars in thousands)

Estimate

 

Techniques

 

Input

 

Average)

 

 

 

 

 

 

 

 

 

December 31, 2013:

 

 

 

 

 

 

 

 

Impaired loans

$

5,483 

 

Appraisal of

 

Appraisal

 

0% to -67.9% 

 

 

 

 

collateral 

 

adjustments (1)

 

(-7.8%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreclosed real estate

 

1,008 

 

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

 

December 31, 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

$

13,246 

 

$

13,246 

 

$

13,246 

 

$

 -

 

$

 -

Time deposits with other banks

 

100 

 

 

100 

 

 

100 

 

 

 -

 

 

 -

Securities available for sale

 

90,676 

 

 

90,676 

 

 

484 

 

 

90,192 

 

 

 -

Securities held to maturity

 

6,074 

 

 

6,060 

 

 

 -

 

 

6,060 

 

 

 -

Federal Home Loan Bank stock

 

2,705 

 

 

2,705 

 

 

 -

 

 

2,705 

 

 

 -

Loans receivable, net of allowance

 

386,981 

 

 

383,269 

 

 

 -

 

 

 -

 

 

383,269 

Accrued interest receivable

 

1,642 

 

 

1,642 

 

 

 -

 

 

1,642 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-maturity deposits

 

331,350 

 

 

331,350 

 

 

331,350 

 

 

 -

 

 

 -

Time deposits

 

98,947 

 

 

99,925 

 

 

 -

 

 

99,925 

 

 

 -

Borrowings

 

41,000 

 

 

43,149 

 

 

 -

 

 

43,149 

 

 

 -

Junior subordinated debentures

 

12,887 

 

 

7,710 

 

 

 -

 

 

7,710 

 

 

 -

Accrued interest payable

 

235 

 

 

235 

 

 

 -

 

 

235 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 

 

 

328,856 

 

 

328,856 

 

 

 -

 

 

 -

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 

 

 

 -