Fair Value Measurements And Fair Values Of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Measurements And Fair Values Of Financial Instruments [Abstract]

Fair Value, By Balance Sheet Grouping

	June 30, 2014
	Carrying		Fair
(Dollars in thousands)	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	54,791	$	54,791	$	54,791	$	-	$	-
Investment securities available for sale		175,419		175,419		394		175,025		-
Restricted stock		1,938		1,938		-		1,938		-
Loans held for sale		600		600		-		600		-
Net loans		723,200		726,748		-		-		726,748
Accrued interest receivable		3,210		3,210		-		3,210		-
Mortgage servicing rights		176		176		-		-		176
Financial liabilities:
Deposits	$	900,704	$	901,068	$	-	$	901,068	$	-
Securities sold under agreements to repurchase		2,264		2,264		-		2,264		-
Long-term debt		12,000		12,418		-		12,418		-
Accrued interest payable		206		206		-		206		-
Interest rate swaps		384		384		-		384		-
	December 31, 2013
	Carrying		Fair
(Dollars in thousands)	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	40,745	$	40,745	$	40,745	$	-	$	-
Investment securities available for sale		159,674		159,674		1,970		157,704		-
Restricted stock		1,906		1,906		-		1,906		-
Loans held for sale		349		349		-		349		-
Net loans		713,711		722,119		-		-		722,119
Accrued interest receivable		3,087		3,087		-		3,087		-
Mortgage servicing rights		184		184		-		-		184
Financial liabilities:
Deposits	$	845,724	$	846,289	$	-	$	846,289	$	-
Securities sold under agreements to repurchase		23,834		23,834		-		23,834		-
Long-term debt		12,403		12,999		-		12,999		-
Accrued interest payable		229		229		-		229		-
Interest rate swaps		561		561		-		561		-

Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis

(Dollars in Thousands)	Fair Value at June 30, 2014
Asset  Description	Level 1		Level 2		Level 3		Total
Equity securities	$	394	$	-	$	-	$	394
Obligations of U.S. Government agencies		-		15,395		-		15,395
Obligations of state and political subdivisions		-		65,050		-		65,050
Corporate debt securities		-		1,000		-		1,000
Trust Preferred Securities		-		5,306		-		5,306
Agency mortgage-backed securities		-		86,352		-		86,352
Private-label mortgage-backed securities		-		1,876		-		1,876
Asset-backed securities		-		46		-		46
Total assets	$	394	$	175,025	$	-	$	175,419
Liability Description
Interest rate swaps	$	-	$	384	$	-	$	384
Total liabilities	$	-	$	384	$	-	$	384

(Dollars in Thousands)	Fair Value at December 31, 2013
Asset  Description	Level 1		Level 2		Level 3		Total
Equity securities	$	1,970	$	-	$	-	$	1,970
Obligations of U.S. Government agencies		-		11,751		-		11,751
Obligations of state and political subdivisions		-		56,857		-		56,857
Corporate debt securities		-		1,001		-		1,001
Trust Preferred Securities		-		5,051		-		5,051
Agency mortgage-backed securities		-		81,027		-		81,027
Private-label mortgage-backed securities		-		1,969		-		1,969
Asset-backed securities		-		48		-		48
Total assets	$	1,970	$	157,704	$	-	$	159,674
Liability Description
Interest rate swaps	$	-	$	561	$	-	$	561
Total liabilities	$	-	$	561	$	-	$	561

Fair Value Measurements, Nonrecurring

(Dollars in Thousands)
	Fair Value at June 30, 2014
Asset  Description	Level 1		Level 2		Level 3		Total
Impaired loans (1)	$	-	$	-	$	2,730	$	2,730
Other real estate owned (1)		-		-		831		831
Mortgage servicing rights		-		-		176		176
Total assets	$	-	$	-	$	3,737	$	3,737

(Dollars in Thousands)	Fair Value at December 31, 2013
Asset  Description	Level 1		Level 2		Level 3		Total
Impaired loans (1)	$	-	$	-	$	8,588	$	8,588
Other real estate owned (1)		-		-		498		498
Mortgage servicing rights		-		-		184		184
Total assets	$	-	$	-	$	9,270	$	9,270

(1) Includes assets directly charged-down to fair value during the year-to-date period.

Fair Value Inputs, Assets, Quantitative Information

		Quantitative Information about Level 3 Fair Value Measurements
(Dollars in Thousands)		at June 30, 2014
					Range
Asset  Description		Fair Value	Valuation Technique	Unobservable Input	(Weighted Average)
Impaired loans (1)	$	2,730	Appraisal	Appraisal Adjustments (2)	0% - 100%  (30.44%)
				Cost to sell	0% - 10%  (4.70%)
Other real estate owned (1)		831	Appraisal	Appraisal Adjustments (2)
				Cost to sell	8%  (8%)
Mortgage servicing rights		176	Discounted Cash Flow (3)
		at December 31, 2013
Impaired loans (1)	$	8,588	Appraisal	Appraisal Adjustments (2)	0% - 60%  (5%)
				Cost to sell	5% - 13.5%  (7%)
Other real estate owned (1)		498	Appraisal	Appraisal Adjustments (2)
				Cost to sell	8%  (8%)
Mortgage servicing rights		184	Discounted Cash Flow (3)
(1) Includes assets directly charged-down to fair value during the year-to-date period.
(2) Qualitative adjustments are discounts specific to each asset and are made as needed.
(3) Valuation and inputs are determined by a third-party pricing service without adjustment.