Fair Value Accounting (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Accounting [Abstract]

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

	March 31, 2016
(dollars in thousands)	Level 1		Level 2	Level 3	Total
Assets
Securities available for sale
US government agencies	$	-	11,664	-	11,664
SBA securities		-	6,326	-	6,326
State and political subdivisions		-	20,350	-	20,350
Mortgage-backed securities		-	38,725	-	38,725
Total assets measured at fair value on a recurring basis	$	-	77,065	-	77,065
	December 31, 2015
	Level 1		Level 2	Level 3	Total
Assets
Securities available for sale
US government agencies	$	-	14,599	-	14,599
SBA securities		-	6,277	-	6,277
State and political subdivisions		-	22,259	-	22,259
Mortgage-backed securities		-	46,804	-	46,804
Total assets measured at fair value on a recurring basis	$	-	89,939	-	89,939

Schedule of assets and liabilities measured on a nonrecurring basis

	As of March 31, 2016
(dollars in thousands)		Level 1		Level 2	Level 3	Total
Assets
Impaired loans		$	-	9,198	196	9,394
Other real estate owned			-	2,017	267	2,284
Total assets measured at fair value on a nonrecurring basis		$	-	11,210	463	11,673
	As of December 31, 2015
		Level 1		Level 2	Level 3	Total
Assets
Impaired loans		$	-	9,102	557	9,659
Other real estate owned			-	2,208	267	2,475
Total assets measured at fair value on a nonrecurring basis		$	-	11,310	824	12,134

Schedule of unobservable inputs used in the fair value measurements

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

Estimated fair values of the Company's financial instruments

	March 31, 2016
	Carrying		Fair
(dollars in thousands)	Amount		Value	Level 1	Level 2	Level 3
Financial Assets:
Cash and cash equivalents	$	54,773	54,773	54,773	-	-
Other investments, at cost		5,740	5,740	-	-	5,740
Loans held for sale		14,241	14,241	-	14,241	-
Loans, net		1,024,964	1,026,351	-	9,198	1,017,153
Financial Liabilities:
Deposits		1,003,241	951,133	-	951,133	-
FHLB and other borrowings		115,200	117,106	-	117,106	-
Junior subordinated debentures		13,403	11,337	-	11,337	-
	December 31, 2015
	Carrying		Fair
	Amount		Value	Level 1	Level 2	Level 3
Financial Assets:
Cash and cash equivalents	$	62,866	62,866	62,866	-	-
Other investments, at cost		5,532	5,532	-	-	5,532
Loans held for sale		4,943	4,943	-	4,943	-
Loans, net		991,315	992,379	-	9,102	983,277
Financial Liabilities:
Deposits		985,733	918,303	-	918,303	-
FHLB and other borrowings		115,200	117,317	-	117,317	-
Junior subordinated debentures		13,403	11,511	-	11,511	-