Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

For assets measured at fair value, the fair value measurements by level within the fair value hierarchy, and the basis of measurement used, at March 31, 2014, and December 31, 2013, are as follows:

		March 31, 2014
In thousands	Basis	Total		Level 1		Level 2		Level 3
U.S. Government and agencies		$	19,564	$	—	$	19,564	$	—
Mortgage-backed securities, residential		50,354		—		50,354		—
State and municipal		41,842		—		41,842		—
Corporate bonds		11,161		—		11,161		—
CRA mutual fund		1,040		1,040		—		—
Stock in other banks		797		797		—		—
Total securities available for sale	Recurring	$	124,758	$	1,837	$	122,921	$	—
Impaired loans	Nonrecurring	$	6,782	$	—	$	—	$	6,782
Foreclosed assets held for resale	Nonrecurring	$	413	$	—	$	—	$	413

		December 31, 2013
In thousands	Basis	Total		Level 1		Level 2		Level 3
U.S. Government and agencies		$	21,651	$	—	$	21,651	$	—
Mortgage-backed securities, residential		53,740		—		53,740		—
State and municipal		41,522		—		41,522		—
Corporate bonds		11,165		—		11,165		—
CRA mutual fund		1,033		1,033		—		—
Stock in other banks		872		872		—		—
Total securities available for sale	Recurring	$	129,983	$	1,905	$	128,078	$	—
Impaired loans	Nonrecurring	$	6,887	$	—	$	—	$	6,887
Foreclosed assets held for resale	Nonrecurring	$	413	$	—	$	—	$	413

Fair Value, by Balance Sheet Grouping [Table Text Block]

The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Corporation’s financial instruments as of March 31, 2014, and December 31, 2013:

	March 31, 2014
In thousands	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	15,083	$	15,083	$	5,596	$	9,487	$	—
Interest-bearing deposits in banks	4,132		4,132		4,132		—		—
Investment securities available for sale	124,758		124,758		1,837		122,921		—
Investment securities held to maturity	91,503		89,947		—		89,947		—
Loans, less allowance for loan losses	716,401		729,842		—		—		729,842
Accrued interest receivable	3,105		3,105		—		3,105		—
Restricted investment in bank stocks	5,989		5,989		—		5,989		—
Financial liabilities:
Deposits	816,219		816,956		—		816,956		—
Short-term borrowings	39,682		39,682		—		39,682		—
Long-term borrowings	74,637		76,416		—		76,416		—
Accrued interest payable	613		613		—		613		—
Off-balance sheet financial instruments	—		—		—		—		—

	December 31, 2013
In thousands	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	13,963	$	13,963	$	7,755	$	6,208	$	—
Interest-bearing deposits in banks	4,153		4,153		4,153		—		—
Investment securities available for sale	129,983		129,983		1,905		128,078		—
Investment securities held to maturity	94,373		92,082		—		92,082		—
Loans held for sale	496		496		—		496		—
Loans, less allowance for loan losses	712,557		724,937		—		—		724,937
Accrued interest receivable	3,027		3,027		—		3,027		—
Restricted investment in bank stocks	6,861		6,861		—		6,861		—
Financial liabilities:
Deposits	800,643		801,063		—		801,063		—
Short-term borrowings	49,052		49,052		—		49,052		—
Long-term borrowings	82,703		84,558		—		84,558		—
Accrued interest payable	681		681		—		681		—
Off-balance sheet financial instruments	—		—		—		—		—

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Corporation has utilized Level 3 inputs to determine fair value:

	Quantitative Information about Level 3 Fair Value Measurements
Dollars in thousands	Fair Value Estimate		Valuation Technique		Unobservable Input		Range	Weighted Average
March 31, 2014
Impaired loans	$	6,782	Appraisal of collateral	(a)	Appraisal adjustments	(b)	(10) - (50)%	(19)%
Foreclosed assets held for resale	$	413	Appraisal of collateral	(a)	Appraisal adjustments	(b)	(10) - (50)%	(35)%
December 31, 2013
Impaired loans	$	6,887	Appraisal of collateral	(a)	Appraisal adjustments	(b)	(10) - (50)%	(19)%
Foreclosed assets held for resale	$	413	Appraisal of collateral	(a)	Appraisal adjustments	(b)	(10) - (50)%	(35)%

(a) Fair value is generally determined through independent third-party appraisals of the underlying collateral, which generally includes various Level 3 inputs which are not observable.

(b) Appraisals may be adjusted downward by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percentage of the appraisal. Higher downward adjustments are caused by negative changes to the collateral or conditions in the real estate market, actual offers or sales contracts received, and/or age of the appraisal.