Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets and liabilities recorded at fair value on a recurring basis are as follows (in thousands):

			Quoted Prices in		Significant		Significant
			Active Markets		Other		Other
	Balance as of		for Identical		Observable		Unobservable
	March 31,		Assets		Inputs		Inputs
	2016		(Level 1)		(Level 2)		(Level 3)
Debt securities available-for-sale:

U.S. Government-sponsored enterprises (GSEs)	$	17,829	$	-	$	17,829	$	-

Mortgage-backed securities		132,068		-		132,068		-

Municipal securities		7,664		-		7,664		-

Total securities available-for-sale	$	157,561	$	-	$	157,561	$	-

			Quoted Prices in		Significant		Significant
			Active Markets		Other		Other
	Balance as of		for Identical		Observable		Unobservable
	December 31,		Assets		Inputs		Inputs
	2015		(Level 1)		(Level 2)		(Level 3)
Debt securities available-for-sale:

U.S. Government-sponsored enterprises (GSEs)	$	22,743	$	-	$	22,743	$	-

Mortgage-backed securities:		136,021		-		136,021		-

Municipal securities		7,649		-		7,649		-

Total securities available-for-sale	$	166,413	$	-	$	166,413	$	-

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

The tables below present information about assets and liabilities on the balance sheet at March 31, 2016 and December 31, 2015 which are measured at fair value on a nonrecurring basis.

			Quoted Prices in		Significant		Significant
			Active Markets		Other		Other
	Balance as of		for Identical		Observable		Unobservable
	March 31,		Assets		Inputs		Inputs
	2016		(Level 1)		(Level 2)		(Level 3)

Impaired loans	$	160	$	-	$	-	$	160
Foreclosed assets		5,133		-		-		5,133

			Quoted Prices in		Significant		Significant
			Active Markets		Other		Other
	Balance as of		for Identical		Observable		Unobservable
	December 31,		Assets		Inputs		Inputs
	2015		(Level 1)		(Level 2)		(Level 3)

Impaired loans	$	160	$	-	$	-	$	160
Foreclosed assets		5,358		-		-		5,358

Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Table Text Block]

For Level 3 assets measured at fair value on a non-recurring basis as of March 31, 2016, the significant unobservable inputs used in the fair value measurements are presented below (in thousands).

	Balance as of March 31, 2016		Valuation Technique	Significant Other Unobservable Input	Weighted Average of Input

Impaired loans	$	160	Appraisal	Appraisal Discounts		6.0	%
Foreclosed assets		5,133	Appraisal	Appraisal Discounts		21.6	%

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amount and estimated fair value of the Company’s financial instruments at March 31, 2016 and December 31, 2015 are as follows (in thousands):

	March 31, 2016				December 31, 2015
	Carrying		Estimated		Carrying		Estimated
	Amount		Fair Value		Amount		Fair Value
Assets:
Cash and cash equivalents	$	68,933	$	68,933	$	79,965	$	79,965
Securities available for sale		157,561		157,561		166,413		166,413
Restricted investments		4,451		4,451		4,451		4,451
Loans, net		736,412		745,547		723,361		721,338

Liabilities:
Noninterest-bearing demand deposits		132,482		132,482		131,419		131,419
Interest-bearing demand deposits		161,454		161,454		149,424		149,424
Money Market and Savings deposits		241,500		241,500		236,901		236,901
Time deposits		323,676		325,540		340,739		342,873
Securities sold under agreements to repurchase		20,747		20,747		28,068		28,068
Federal Home Loan Bank advances and other borrowings		30,125		30,139		34,187		34,169