6. Fair Value (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Tables

Schedule Assets and Liabilities at Fair Value on Recurring Basis

Assets and Liabilities Recorded at Fair Value on a Recurring Basis

The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis.

September 30, 2013	Total		Level 1		Level 2		Level 3
Government sponsored enterprises	$	7,062	$	-	$	7,062	$	-
Mortgage-backed obligations of federal agencies		1,243		-		1,243		-
Investment securities available for sale	$	8,305	$	-		8,305	$	-
Total assets at fair value	$	8,305	$	-	$	8,305	$	-
Total liabilities at fair value	$	-	$	-	$	-	$	-
Derivative financial instruments at fair value	$	28	$	-	$	28	$	-

December 31, 2012	Total		Level 1		Level 2		Level 3
Government sponsored enterprises	$	7,031	$	-	$	7,031	$	-
Mortgage-backed obligations of federal agencies		1,647		-		1,647		-
Investment securities available for sale		8,678		-		8,678		-
Total assets at fair value	$	8,678	$	-	$	8,678	$	-
Total liabilities at fair value	$	-	$	-	$	-	$	-
Derivative financial instruments at fair value	$	15	$	-	$	15	$	-

Schedule of Assets and Liabilities at Fair Value on Non-recurring Basis

Assets and Liabilities Recorded at Fair Value on a Non-recurring Basis

September 30, 2013	Total		Level 1		Level 2		Level 3
Loans Held for Sale	$	2,777	$	-	$	2,777	$	-
Other Real Estate Owned		2,369		-		-		2,369
				-		-
Construction/Land Development		6,867		-		-		6,867
Farmland		-		-		-		-
Residential Real Estate		394		-		-		394
Multi-Family		-		-		-		-
Commercial Real Estate		745		-		-		745
Home Equity – closed end		259		-		-		259
Home Equity – open end		-		-		-		-
Commercial & Industrial – Non-Real Estate		-		-		-		-
Consumer		-		-		-		-
Credit cards		-		-		-		-
Dealer Finance		-		-		-		-
Total Impaired loans		8,265		-		-		8,265
Total assets at fair value	$	13,411	$	-	$	2,777	$	10,634
Total liabilities at fair value	$	-	$	-	$	-	$	-

December 31, 2012	Total		Level 1		Level 2		Level 3
Loans Held for Sale	$	77,207	$	-	$	77,207	$	-
Other Real Estate Owned		2,884		-		-		2,884
				-		-
Construction/Land Development		9,100		-		-		9,100
Farmland		-		-		-		-
Residential Real Estate		756		-		-		756
Multi-Family		-		-		-		-
Commercial Real Estate		1,422		-		-		1,422
Home Equity – closed end		298		-		-		298
Home Equity – open end		171		-		-		171
Commercial & Industrial – Non-Real Estate		431		-		-		431
Consumer		2		-		-		2
Credit cards		-		-		-		-
Dealer Finance		-		-		-		-
Total Impaired loans		12,180		-		-		12,180
Total assets at fair value	$	92,271	$	-	$	77,207	$	15,064
Total liabilities at fair value	$	-	$	-	$	-	$	-