Fair Value Accounting (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Accounting [Abstract]

Amount of assets and liabilities measured at fair value on a recurring basis

				September 30, 2012
(dollars in thousands)		Level 1	Level 2	Level 3	Total
Assets
Securities available for sale
State and political subdivisions	$	-	18,422	-	18,422
Government sponsored enterprises		-	3,806	-	3,806
Mortgage-backed securities		-	41,869	-	41,869
Other investments		-	-	7,794	7,794
Total assets measured at fair value on a recurring basis	$	-	64,097	7,794	71,891

				December 31, 2011
		Level 1	Level 2	Level 3	Total
Assets
Securities available for sale
State and political subdivisions	$	-	18,248	-	18,248
Mortgage-backed securities		-	82,412	-	82,412
Other investments		-	-	7,924	7,924
Total assets measured at fair value on a recurring basis	$	-	100,660	7,924	108,584

Amount of assets and liabilities measured at fair value on a nonrecurring basis

				As of September 30, 2012
(dollars in thousands)		Level 1	Level 2	Level 3	Total
Assets
Impaired loans	$	-	13,391	580	13,971
Other real estate owned		-	1,551	425	1,976
Total assets measured at fair value on a nonrecurring basis		-	14,942	1,005	15,947
				As of December 31, 2011
		Level 1	Level 2	Level 3	Total
Assets
Impaired loans	$	-	12,318	1,438	13,756
Other real estate owned		-	2,461	1,225	3,686
Total assets measured at fair value on a nonrecurring basis		-	14,779	2,663	17,442

Significant unobservable inputs used in the fair value measurements

	Valuation Technique	Significant Unobservable Inputs
Other investments	Carrying Value	None
Impaired loans	Appraised Value/ Discounted Cash Flows	Appraisals and/or sales of comparable properties
Other real estate owned	Appraised Value/ Comparable Sales	Appraisals and/or sales of comparable properties/ Independent quotes

Estimated fair values of the Company's financial instruments

				September 30, 2012
(dollars in thousands)		Carrying Amount	Fair Value	Level 1	Level 2	Level 3
Financial Assets:
Cash and cash equivalents	$	35,902	35,902	35,902	-	-
Other investments, at cost		7,794	7,794	-	-	7,794
Loans, net		628,405	636,445	-	13,391	623,054
Bank owned life insurance		18,560	18,560	-	-	18,560
Financial Liabilities:
Deposits		574,439	561,612	-	561,612	-
FHLB and other borrowings		124,100	141,136	-	141,136	-
Junior subordinated debentures		13,403	5,132	-	5,132	-

				December 31, 2011
		Carrying Amount	Fair Value	Level 1	Level 2	Level 3
Financial Assets:
Cash and cash equivalents	$	23,005	23,005	23,005	-	-
Other investments, at cost		7,924	7,924	-	-	7,924
Loans, net		589,709	603,416	-	12,318	591,098
Bank owned life insurance		18,093	18,093	-	-	18,093
Financial Liabilities:
Deposits		562,912	521,930	-	521,930	-
FHLB and other borrowings		122,700	141,411	-	141,411	-
Junior subordinated debentures		13,403	4,212	-	4,212	-