Financial Instruments (Tables)

3 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis at June 30, 2012 and December 31, 2011.

(Amounts in Thousands)
	Fair Value Measurements
						Net
June 30, 2012		Level 1		Level 2	Level 3		Balance
Assets:
Equity Securities		-	$	144	-	$	144
Total		-	$	144	-	$	144

(Amounts in Thousands)
	Fair Value Measurements
						Net
December 31, 2011		Level 1		Level 2	Level 3		Balance
Assets:
Equity Securities		-	$	1,037	-	$	1,037
Total		-	$	1,037	-	$	1,037

Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

The following table presents the Company’s assets and liabilities measured at fair value on a non-recurring basis at June 30, 2012 and December 31, 2011.

(Amounts in Thousands)
	Fair Value Measurements
							Net
June 30, 2012		Level 1		Level 2		Level 3		Balance
Assets:
Impaired Loans		-		-	$	6,399	$	6,399
Other Real Estate Owned		-		4,613		-		4,613
Total		-	$	4,613	$	6,399	$	11,012

(Amounts in Thousands)
	Fair Value Measurements
							Net
December 31, 2011		Level 1		Level 2		Level 3		Balance
Assets:
Impaired Loans		-		-	$	4,184	$	4,184
Other Real Estate Owned		-		4,597		-		4,597
Total		-	$	4,597	$	4,184	$	8,781