Fair Value Accounting (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Accounting [Abstract]

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

	September 30, 2015
(dollars in thousands)	Level 1		Level 2	Level 3	Total
Assets
Securities available for sale
US government agencies	$	-	12,104	-	12,104
SBA securities		-	4,983	-	4,983
State and political subdivisions		-	19,462	-	19,462
Mortgage-backed securities		-	29,797	-	29,797
Total assets measured at fair value on a recurring basis	$	-	66,346	-	66,346

	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 September 30, 2015
(dollars in thousands)	Level 1		Level 2	Level 3	Total
Assets
Impaired loans	$	-	9,604	459	10,063
Other real estate owned		-	2,228	429	2,657
Total assets measured at fair value on a nonrecurring basis	$	-	11,832	888	12,720

	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	13,47

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

	September 30, 2015
	Carrying		Fair
(dollars in thousands)	Amount		Value	Level 1	Level 2	Level 3
Financial Assets:
Cash and cash equivalents	$	50,337	50,337	50,337	-	-
Other investments, at cost		5,532	5,532	-	-	5,532
Loans held for sale		10,887	10,887	-	10,887	-
Loans, net		979,865	981,158	-	9,604	971,554
Financial Liabilities:
Deposits		943,918	896,253	-	896,253	-
FHLB and other borrowings		115,200	122,184	-	122,184	-
Junior subordinated debentures		13,403	10,671	-	10,671	-

	December 31, 2014
	Carrying		Fair
	Amount		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	-