Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value Measurements [Abstract]

Summary of Financial and Nonfinancial Assets Measured at Fair Value

The following table summarizes financial and nonfinancial assets (there were no financial or nonfinancial liabilities) measured at fair value as of December 31, 2012 and 2011, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):

2012	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
Recurring:
Securities available for sale:
Federal agencies	$	16,030	$	—	$	—	$	16,030
U.S. government sponsored entities and agencies		7,902		—		—		7,902
States and political subdivisions		—		33,231		1,747		34,978
Collateralized mortgage obligations		—		5,189		—		5,189
Mortgage-backed securities		—		426		—		426
Total available for sale	$	23,932	$	38,846	$	1,747	$	64,525
Nonrecurring:
Impaired loans	$	—	$	—	$	8,231	$	8,231
Other real estate owned:
Commercial	$	—	$	—	$	1,336	$	1,336
Residential Real Estate	$	—	$	—	$	297	$	297

2011	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
Recurring:
Securities available for sale:
Federal agencies	$	28,435	$	—	$	—	$	28,435
U.S. government sponsored entities and agencies		22,956		—		—		22,956
States and political subdivisions		—		31,213		2,232		33,445
Asset-backed securities		2,476		—		—		2,476
Mortgage-backed securities		—		3,032		—		3,032
Total available for sale	$	53,867	$	34,245	$	2,232	$	90,344
Nonrecurring:
Impaired loans	$	—	$	—	$	8,897	$	8,897
Other real estate owned	$	—	$	—	$	1,530	$	1,530

Summary of Activity of Securities Available for Sale which are Measured at Fair Value on a Recurring Basis Using Significant Unobservable (Level 3) Inputs

The following is a reconciliation of the beginning and ending balances of securities available for sale which are measured at fair value on a recurring basis using significant unobservable (Level 3) inputs during the years ended December 31, 2012 and 2011 (in thousands):

	2012			2011
Balance at January 1	$	2,232		$	2,992
Net maturities and calls		(450	)		(1,264	)
Unrealized net gains included in other comprehensive income		(35	)		153
Purchases		—			351
Net transfers to or from level 3		—			—
Balance at December 31	$	1,747		$	2,232