Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Measurements Tables

Schedule of fair value measurements of assets measured at fair value on a recurring basis

The following table presents the fair value measurements of assets measured at fair value on a recurring basis and the level within the FASB ASC 820-10 fair value hierarchy in which the fair value measurements fall at June 30, 2012 and December 31, 2011:

			Fair Value Measurements Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
June 30, 2012
U.S. government agencies	$	755	$	—	$	755	$	—
Mortgage-backed securities of government sponsored entities		100,285		—		100,285		—
Private-label collateralized mortgage obligations		1,340		—		1,340		—
State and political subdivisions		27,139		—		27,139		—
December 31, 2011
U.S. government agencies	$	1,584	$	—	$	1,584	$	—
Mortgage-backed securities of government sponsored entities		101,328		—		101,328		—
Private-label collateralized mortgage obligations		1,741		—		1,741		—
State and political subdivisions		25,984		—		25,984		—

Schedule of fair value measurements of assets measured at fair value on a nonrecurring basis

The following table presents the fair value measurements of assets measured at fair value on a nonrecurring basis and the level within the FASB ASC 820-10 fair value hierarchy in which the fair value measurements fall at June 30, 2012 and December 31, 2011.

			Fair Value Measurements Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
June 30, 2012
Foreclosed assets	$	21	$	—	$	—	$	21
December 31, 2011
Collateral-dependent impaired loans	$	3,468	$	—	$	—	$	3,468
Foreclosed assets		1,283		—		—		1,283

Schedule of quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements

The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements in thousands.

	Fair Value at 6/30/12	Valuation Technique	Unobservable Inputs	Range (Weighted Average)
Foreclosed assets	$21	Market comparable properties	Selling Cost	10%

Schedule of carrying value and estimated fair value of the entities financial instruments

The following table presents estimated fair values of the Company’s financial instruments.

			Fair Value Measurements Using
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
June 30, 2012		(In thousands)
Financial assets
Cash and cash equivalents	$	15,524	$	15,524	$	—	$	—
Held-to-maturity securities		1,636		—		1,677		—
Loans, net of allowance for loan losses		235,483		—		—		249,181
Federal Home Loan Bank stock		5,025		—		5,025		—
Interest receivable		1,302		—		1,302		—
Financial liabilities
Deposits		332,008		—		331,902		—
Other short-term borrowings		8,318		—		8,318		—
Federal Home Loan Bank advances		24,157		—		25,204		—
Advances from borrowers for taxes and insurance		191		—		191		—
Interest payable		56		—		56		—

			Fair Value Measurements Using
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
December 31, 2011		(In thousands)
Financial assets
Cash and cash equivalents	$	19,816	$	19,816	$	—	$	—
Held-to-maturity securities		1,679		—		1,695		—
Loans, net of allowance for loan losses		232,099		—		—		239,983
Federal Home Loan Bank stock		5,025		—		5,025		—
Interest receivable		1,314		—		1,314		—
Financial liabilities
Deposits		333,848		—		332,222		—
Other short-term borrowings		5,278		—		5,278		—
Federal Home Loan Bank advances		26,597		—		27,717		—
Advances from borrowers for taxes and insurance		941		—		941		—
Interest payable		66		—		66		—