Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Measurements Tables

Schedule of fair value measured 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 fair value hierarchy in which the fair value measurements fall at March 31, 2014 and December 31, 2013:

			Fair Value Measurement 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)
March 31, 2014
U.S. government agencies	$	134	$	—	$	134	$	—
Mortgage-backed securities of           government sponsored entities		81,782		—		81,782		—
Private-label collateralized mortgage           obligations		679		—		679		—
State and political subdivisions		22,740		—		22,740		—

			Fair Value Measurement 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)
December 31, 2013
U.S. government agencies	$	137	$	—	$	137	$	—
Mortgage-backed securities of           government sponsored entities		80,357		—		80,357		—
Private-label collateralized mortgage           obligations		704		—		704		—
State and political subdivisions		22,427		—		22,427		—

Schedule of fair value measured 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 fair value hierarchy in which the fair value measurements fall at March 31, 2014 and December 31, 2013.

			Fair Value Measurement 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)
March 31, 2014
Collateral-dependent impaired loans	$	261	$	—	$	—	$	261
December 31, 2013
Collateral-dependent impaired loans	$	289	$	—	$	—	$	289

Schedule of 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		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
March 31, 2014
Collateral-dependent impaired loans	$	261	Market comparable properties	N/A		N/A
December 31, 2013
Collateral-dependent impaired loans	$	289	Present value of cashflows	Discount Rate		6.22	%

Schedule of fair value of financila instruments

	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
March 31, 2014
Financial assets
Cash and cash equivalents	$	10,118	$	10,118	$	—	$	—
Held-to-maturity securities		6,600		—		6,219		—
Loans, net of allowance for loan losses		262,562		—		—		269,039
Federal Home Loan Bank stock		4,226		—		4,226		—
Interest receivable		1,419		—		1,419		—
Financial liabilities
Deposits		338,184		27,686		284,975		—
Other short-term borrowings		5,818		—		5,818		—
Federal Home Loan Bank advances		22,367		—		22,709		—
Advances from borrowers for taxes and insurance		672		—		672		—
Interest payable		91		—		91		—

			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)
	(In thousands)
December 31, 2013
Financial assets
Cash and cash equivalents	$	13,381	$	13,381	$	—	$	—
Held-to-maturity securities		6,623		—		6,121
Loans, net of allowance for loan losses		261,130		—		—		266,530
Federal Home Loan Bank stock		5,025		—		5,025		—
Interest receivable		1,184		—		1,184		—
Financial liabilities
Deposits		337,571		30,145		275,357		—
Other short-term Borrowings		7,212		—		7,212		—
Federal Home Loan Bank Advances		22,336		—		22,801		—
Advances from borrowers for taxes and insurance		1,105		—		1,105		—
Interest payable		68		—		68		—