Fair Value Accounting (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Accounting [Abstract]

Schedule of assets and liabilities measured at fair value on recurring basis

			March 31, 2015
(dollars in thousands)	Level 1	Level 2	Level 3	Total
Assets
Securities available for sale
US government agencies	$       -	8,701	-	8,701
SBA securities	-	5,207	-	5,207
State and political subdivisions	-	14,284	-	14,284
Mortgage-backed securities	-	20,334	-	20,334
Total assets measured at fair value on a recurring basis	$       -	48,526	-	48,526
			December 31, 2014
	Level 1	Level 2	Level 3	Total
Assets
Securities available for sale
US government agencies	$       -	8,557	-	8,557
SBA securities	-	5,154	-	5,154
State and political subdivisions	-	16,800	-	16,800
Mortgage-backed securities	-	24,513	-	24,513
Total assets measured at fair value on a recurring basis	$       -	55,024	-	55,024

  

Schedule of assets and liabilities measured on a nonrecurring basis

			As of March 31, 2015
(dollars in thousands)	Level 1	Level 2	Level 3	Total
Assets
Impaired loans	$       -	9,465	368	9,833
Other real estate owned	-	2,303	267	2,570
Total assets measured at fair value on a nonrecurring basis	$       -	11,768	635	12,403
			As of December 31, 2014
	Level 1	Level 2	Level 3	Total
Assets
Impaired loans	$       -	9,461	705	10,166
Other real estate owned	-	3,040	267	3,307
Total assets measured at fair value on a nonrecurring basis	$       -	12,501	972	13,473

Schedule of unobservable inputs used in the fair value measurements

	Valuation Technique	Significant Unobservable Inputs	Range of Inputs
Impaired loans	Appraised Value/ Discounted Cash Flows	Discounts to appraisals or cash flows for estimated holding and/or selling costs or age of appraisal	0-25%
Other real estate owned	Appraised Value/ Comparable Sales	Discounts to appraisals for estimated holding or selling costs	0-25%

Estimated fair values of the Company's financial instruments

			March 31, 2015
(dollars in thousands)	Carrying Amount	Fair Value	Level 1	Level 2	Level 3
Financial Assets:
Cash and cash equivalents	$  51,724	51,724	51,724	-	-
Other investments, at cost	5,507	5,507	-	-	5,507
Loans held for sale	14,844	14,844	-	14,844	-
Loans, net	897,080	897,167	-	9,465	887,702
Financial Liabilities:
Deposits	850,310	811,377	-	811,377	-
FHLB and other borrowings	115,200	123,660	-	123,660	-
Junior subordinated debentures	13,403	6,888	-	6,888	-
			December 31, 2014
	Carrying Amount	Fair Value	Level 1	Level 2	Level 3
Financial Assets:
Cash and cash equivalents	$  41,264	41,264	41,264	-	-
Other investments, at cost	6,522	6,522	-	-	6,522
Loans held for sale	11,765	11,765	-	11,765	-
Loans, net	859,694	860,215	-	9,461	850,754
Financial Liabilities:
Deposits	788,907	748,497	-	748,497	-
FHLB and other borrowings	135,200	144,156	-	144,156	-
Junior subordinated debentures	13,403	6,823	-	6,823	-