Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2012

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



	December 31, 2012
	Carrying		Fair
(Dollars in thousands)	Amount		Value		Level 1		Level 2		Level 3

Financial assets:
Cash and cash equivalents	$	77,834	$	77,834	$	77,834	$	-	$	-
Investment securities available for sale		133,328		133,328		1,941		131,387		-
Restricted stock		3,571		3,571		-		3,571		-
Loans held for sale		67		67		-		67		-
Net loans		743,200		759,490		-		-		759,490
Accrued interest receivable		3,178		3,178		-		3,178		-
Mortgage servicing rights		235		235		-		-		235

Financial liabilities:
Deposits	$	874,440	$	876,240	$	-	$	876,240	$	-
Securities sold under agreements to repurchase		42,209		42,209		-		42,209		-
Long-term debt		12,410		13,718		-		13,718		-
Accrued interest payable		348		348		-		348		-
Interest rate swaps		1,103		1,103		-		1,103		-


	December 31, 2011
	Carrying		Fair
(Dollars in thousands)	Amount		Value		Level 1		Level 2		Level 3

Financial assets:
Cash and cash equivalents	$	34,144	$	34,144	$	34,144	$	-	$	-
Investment securities available for sale		125,301		125,301		1,759		123,542		-
Restricted stock		5,022		5,022		-		5,022		-
Net loans		756,687		765,707		-		-		765,707
Accrued interest receivable		3,391		3,391		-		3,391		-
Mortgage servicing rights		368		368		-		-		368

Financial liabilities:
Deposits	$	787,986	$	790,887	$	-	$	790,887	$	-
Securities sold under agreements to repurchase		53,103		53,103		-		53,103		-
Long-term debt		48,336		51,015		-		51,015		-
Accrued interest payable		561		561		-		561		-
Interest rate swaps		1,738		1,738		-		1,738		-

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]



(Dollars in Thousands)	Fair Value at December 31, 2012
Asset Description	Level 1		Level 2		Level 3		Total
Equity securities	$	1,941	$	-	$	-	$	1,941
Obligations of U.S. Government agencies		-		12,809		-		12,809
Obligations of state and political subdivisions		-		61,216		-		61,216
Corporate debt securities		-		994		-		994
Trust Preferred Securities		-		4,830		-		4,830
Agency mortgage-backed securities		-		49,066		-		49,066
Private-label mortgage-backed securities		-		2,426		-		2,426
Asset-backed securities		-		46		-		46
Total assets	$	1,941	$	131,387	$	-	$	133,328

Liability Description
Interest rate swaps	$	-	$	1,103	$	-	$	1,103
Total liabilities	$	-	$	1,103	$	-	$	1,103



(Dollars in Thousands)	Fair Value at December 31, 2011
Asset Description	Level 1		Level 2		Level 3		Total
Equity securities	$	1,759	$	-	$	-	$	1,759
Obligations of U.S. Government agencies		-		13,229		-		13,229
Obligations of state and political subdivisions		-		45,081		-		45,081
Corporate debt securities		-		2,414		-		2,414
Trust Preferred Securities		-		4,618		-		4,618
Agency mortgage-backed securities		-		55,285		-		55,285
Private-label mortgage-backed securities		-		2,867		-		2,867
Asset-backed securities		-		48		-		48
Total assets	$	1,759	$	123,542	$	-	$	125,301

Liability Description
Interest rate swaps	$	-	$	1,738	$	-	$	1,738
Total liabilities	$	-	$	1,738	$	-	$	1,738

Fair Value Measurements, Nonrecurring [Table Text Block]



(Dollars in Thousands)
	Fair Value at December 31, 2012
Asset Description	Level 1		Level 2		Level 3		Total
Impaired loans (1)	$	-	$	-	$	9,235	$	9,235
Other real estate owned (1)		-		-		5,127		5,127
Mortgage servicing rights		-		-		235		235
Total assets	$	-	$	-	$	14,597	$	14,597



(Dollars in Thousands)	Fair Value at December 31, 2011
Asset Description	Level 1		Level 2		Level 3		Total
Impaired loans (1)	$	-	$	-	$	13,705	$	13,705
Other real estate owned (1)		-		-		3,224		3,224
Mortgage servicing rights		-		-		368		368
Total assets	$	-	$	-	$	17,297	$	17,297

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


	Quantitative Information about Level 3 Fair Value Measurements
(Dollars in Thousands)	at December 31, 2012
				Range
Asset Description	Fair Value	Valuation Technique	Unobservable Input	(Weighted Average)
Impaired loans (1)	$ 9,235	Appraisal	Appraisal Adjustments (2)	0% - 100% (11%)
			Cost to sell
Other real estate owned (1)	5,127	Appraisal	Appraisal Adjustments (2)	5% - 25% (7%)
			Cost to sell
Mortgage servicing rights	235	Discounted Cash Flow (3)		8% (8%)

(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.

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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Reference 10: http://www.xbrl.org/2003/role/presentationRef

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