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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Assets Measured at Fair Value on a Recurring Basis [Table Text Block]



(Dollars in thousands)			Fair value measurements at March 31, 2013 using:
	Total carrying value at		Quoted prices in active markets		Significant other observable inputs		Significant unobservable inputs
Assets:	March 31, 2013		(Level 1)		(Level 2)		(Level 3)
U.S. Treasury and U.S. government agencies	$	17,653	$	-	$	17,653	$	-
Mortgage-backed U.S. government agencies		58,286		-		58,286		-
State and political subdivision obligations		69,180		-		69,180		-
Equity securities		387		387		-		-
	$	145,506	$	387	$	145,119	$	-



(Dollars in thousands)			Fair value measurements at December 31, 2012 using:
	Total carrying value at		Quoted prices in active markets		Significant other observable inputs		Significant unobservable inputs
Assets:	December 31, 2012		(Level 1)		(Level 2)		(Level 3)
U.S. Treasury and U.S. government agencies	$	17,740	$	-	$	17,740	$	-
Mortgage-backed U.S. government agencies		66,686		-		66,686		-
State and political subdivision obligations		69,479		-		69,479		-
Equity securities		390		390		-		-
	$	154,295	$	390	$	153,905	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]



(Dollars in thousands)			Fair value measurements at March 31, 2013 using:
	Total carrying value at		Quoted prices in active markets		Significant other observable inputs		Significant unobservable inputs
Assets:	March 31, 2013		(Level 1)		(Level 2)		(Level 3)
Impaired Loans	$	4,451	$	-	$	-	$	4,451
Foreclosed Assets Held for Sale		456		-		-		456



(Dollars in thousands)			Fair value measurements at December 31, 2012 using:
	Total carrying value at		Quoted prices in active markets		Significant other observable inputs		Significant unobservable inputs
Assets:	December 31, 2012		(Level 1)		(Level 2)		(Level 3)
Impaired Loans	$	3,075	$	-	$	-	$	3,075
Foreclosed Assets Held for Sale		105		-		-		105

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



(Dollars in thousands)	Quantitative Information about Level 3 Fair Value Measurements
March 31, 2013	Fair Value Estimate		Valuation Technique	Unobservable Input	Range Weighted Average
Impaired Loans	$	4,451	Appraisal of collateral (1)	Appraisal adjustments (2)	10% - 95% (28%)
Foreclosed Assets Held for Sale	$	456	Appraisal of collateral (1), (3)	Appraisal adjustments (2)	15% - 40% (24%)


(Dollars in thousands)	Quantitative Information about Level 3 Fair Value Measurements
December 31, 2012	Fair Value Estimate		Valuation Technique	Unobservable Input	Range Weighted Average
Impaired Loans	$	3,075	Appraisal of collateral (1)	Appraisal adjustments (2)	10% - 95% (28%)
Foreclosed Assets Held for Sale	$	105	Appraisal of collateral (1), (3)	Appraisal adjustments (2)	15% - 40% (24%)

(1)	Fair value is generally determined through independent appraisals of the underlying collateral, which generally includes various level 3 inputs which are not identifiable.

(2)	Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

(3)	Includes qualitative adjustments by management and estimated liquidation expenses.

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



(Dollars in thousands)	March 31, 2013				December 31, 2012
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Financial assets:
Cash and cash equivalents	$	41,485	$	41,485	$	15,473	$	15,473
Interest-bearing time balances with other financial institutions		16,808		16,808		23,563		23,563
Investment securities		145,506		145,506		154,295		154,295
Net loans and leases		489,326		502,295		478,711		495,181
Restricted investment in bank stocks		2,197		2,197		2,503		2,503
Accrued interest receivable		2,846		2,846		2,893		2,893
Mortgage servicing rights		230		230		233		233

Financial liabilities:
Deposits	$	640,185	$	643,259	$	625,461	$	629,096
Long-term debt		21,777		22,392		22,510		23,240
Accrued interest payable		736		736		620		620

Off-balance sheet financial instruments:
Commitments to extend credit	$	-	$	-	$	-	$	-
Financial standby letters of credit		-		-		-		-

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



					Fair Value Measurements
					Quoted Prices
					in Active Markets				Significant
(Dollars in thousands)					for Identical Assets		Significant Other		Unobservable
	Carrying				or Liabilities		Observable Inputs		Inputs
March 31, 2013	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial instruments - assets
Net loans and leases	$	489,326	$	502,295	$	-	$	-	$	502,295

Financial instruments - liabilities
Deposits	$	640,185	$	643,259	$	-	$	643,259	$	-
Long-term debt		21,777		22,392		-		22,392		-


					Fair Value Measurements
					Quoted Prices
					in Active Markets				Significant
(Dollars in thousands)					for Identical Assets		Significant Other		Unobservable
	Carrying				or Liabilities		Observable Inputs		Inputs
December 31, 2012	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial instruments - assets
Net loans and leases	$	478,711	$	495,181	$	-	$	-	$	495,181

Financial instruments - liabilities
Deposits	$	625,461	$	629,096	$	-	$	629,096	$	-
Long-term debt		22,510		23,240		-		23,240		-

- 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 assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 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)

-Number 107

-Paragraph 14

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

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-Name Statement of Financial Accounting Standard (FAS)

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-Publisher FASB

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

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