Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Balances of Assets Measured at Fair Value on a Recurring Basis

The following tables present the balances of assets measured at fair value on a recurring basis as of March 31, 2015 and December 31, 2014 (in thousands).

			Fair Value Measurements at March 31, 2015
Description	Balance as of   March 31, 2015		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Securities available for sale
U.S. agency and mortgage-backed securities	$	74,836	$	—	$	74,836	$	—
Obligations of states and political subdivisions		16,013		—		16,013		—
Corporate equity securities		6		6		—		—
	$	90,855	$	6	$	90,849	$	—

			Fair Value Measurements at December 31, 2014
Description	Balance as of December 31, 2014		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Securities available for sale
U.S. agency and mortgage-backed securities	$	67,029	$	—	$	67,029	$	—
Obligations of states and political subdivisions		16,257		—		16,257		—
Corporate equity securities		6		6		—		—
	$	83,292	$	6	$	83,286	$	—

Summary of Assets Measured at Fair Value on a Nonrecurring Basis

The following tables summarize the Company’s assets that were measured at fair value on a nonrecurring basis during the periods (dollars in thousands):

			Fair Value Measurements at March 31, 2015
Description	Balance as of March 31, 2015		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans, net	$	2,306	$	—	$	—	$	2,306
Other real estate owned, net		1,949		—		—		1,949
			Fair Value Measurements at December 31, 2014
Description	Balance as of December 31, 2014		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans, net	$	2,976	$	—	$	—	$	2,976
Other real estate owned, net		1,888		—		—		1,888

Quantitative Information about Level 3 Fair Value Measurements

	Quantitative information about Level 3 Fair Value Measurements for March 31, 2015
	Fair Value		Valuation Technique		Unobservable Input		Range (Weighted- Average)
Impaired loans, net	$	2,306		Property appraisals		Selling cost		10	%
Other real estate owned, net	$	1,949		Property appraisals		Selling cost		7	%
	Quantitative information about Level 3 Fair Value Measurements for December 31, 2014
	Fair Value		Valuation Technique		Unobservable Input		Range (Weighted- Average)
Impaired loans, net	$	2,976		Property appraisals		Selling cost		10	%
Other real estate owned, net	$	1,888		Property appraisals		Selling cost		7	%

Carrying Values and Estimated Fair Values of Company's Financial Instruments

The carrying values and estimated fair values of the Company’s financial instruments at March 31, 2015 and December 31, 2014 are as follows (in thousands):

	Fair Value Measurements at March 31, 2015 Using
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Fair Value
Financial Assets
Cash and short-term investments	$	9,174	$	9,174	$	—	$	—	$	9,174
Securities		90,855		6		90,849		—		90,855
Restricted securities		1,999		—		1,999		—		1,999
Loans, net		391,746		—		—		399,848		399,848
Bank owned life insurance		11,431		—		11,431		—		11,431
Accrued interest receivable		1,256		—		1,256		—		1,256
Financial Liabilities
Deposits	$	438,786	$	—	$	341,812	$	96,995	$	438,807
Federal funds purchased		1,955		—		1,955		—		1,955
Other borrowings		15,020		—		—		15,020		15,020
Trust preferred capital notes		9,279		—		—		9,547		9,547
Accrued interest payable		120		—		120		—		120

	Fair Value Measurements at December 31, 2014 Using
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Fair Value
Financial Assets
Cash and short-term investments	$	24,845	$	24,845	$	—	$	—	$	24,845
Securities		83,292		6		83,286		—		83,292
Restricted securities Loans held for sale		1,366 328		—   —		1,366 328		—   —		1,366 328
Loans, net		371,692		—		—		378,930		378,930
Bank owned life insurance		11,357		—		11,357		—		11,357
Accrued interest receivable		1,261		—		1,261		—		1,261
Financial Liabilities
Deposits	$	444,338	$	—	$	342,604	$	101,606	$	444,210
Federal funds purchased		52		—		52		—		52
Other borrowings		26		—		—		26		26
Trust preferred capital notes		9,279		—		—		9,756		9,756
Accrued interest payable		135		—		135		—		135