Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Measurements [Abstract]

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

(Dollars in thousands)			Fair value measurements at March 31, 2014 using:
	Total carrying value at		Quoted prices in active markets		Significant other observable inputs		Significant unobservable inputs
Assets:	March 31, 2014		(Level 1)		(Level 2)		(Level 3)
U.S. Treasury and U.S. government agencies	$	12,571	$	-	$	12,571	$	-
Mortgage-backed U.S. government agencies		36,117		-		36,117		-
State and political subdivision obligations		71,170		-		71,170		-
Equity securities		1,551		521		1,030		-
	$	121,409	$	521	$	120,888	$	-

(Dollars in thousands)			Fair value measurements at December 31, 2013 using:
	Total carrying value at		Quoted prices in active markets		Significant other observable inputs		Significant unobservable inputs
Assets:	December 31, 2013		(Level 1)		(Level 2)		(Level 3)
U.S. Treasury and U.S. government agencies	$	12,834	$	-	$	12,834	$	-
Mortgage-backed U.S. government agencies		39,392		-		39,392		-
State and political subdivision obligations		69,038		-		69,038		-
Equity securities		1,539		519		1,020		-
	$	122,803	$	519	$	122,284	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

(Dollars in thousands)			Fair value measurements at March 31, 2014 using:
	Total carrying value at		Quoted prices in active markets		Significant other observable inputs		Significant unobservable inputs
Assets:	March 31, 2014		(Level 1)		(Level 2)		(Level 3)
Impaired Loans	$	6,000	$	-	$	-	$	6,000
Foreclosed Assets Held for Sale		778		-		-		778
Mortgage Servicing Rights		226		-		-		226

(Dollars in thousands)			Fair value measurements at December 31, 2013 using:
	Total carrying value at		Quoted prices in active markets		Significant other observable inputs		Significant unobservable inputs
Assets:	December 31, 2013		(Level 1)		(Level 2)		(Level 3)
Impaired Loans	$	6,535	$	-	$	-	$	6,535
Foreclosed Assets Held for Sale		465		-		-		465
Mortgage Servicing Rights		223		-		-		223

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

(Dollars in thousands)	Quantitative Information about Level 3 Fair Value Measurements
March 31, 2014	Fair Value Estimate		Valuation Technique	Unobservable Input	Range	Weighted Average
Impaired Loans	$	6,000	Appraisal of collateral (1)	Appraisal adjustments (2)	10% - 95%	28%
Foreclosed Assets Held for Sale		778	Appraisal of collateral (1), (3)	Appraisal adjustments (2)	15% - 40%	24%
Mortgage Servicing Rights		226	Multiple of annual service fee	Estimated prepayment speed based on rate and term	240% - 400%	352%

(Dollars in thousands)	Quantitative Information about Level 3 Fair Value Measurements
December 31, 2013	Fair Value Estimate		Valuation Technique	Unobservable Input	Range	Weighted Average
Impaired Loans	$	6,535	Appraisal of collateral (1)	Appraisal adjustments (2)	10% - 95%	25%
Foreclosed Assets Held for Sale		465	Appraisal of collateral (1), (3)	Appraisal adjustments (2)	15% - 40%	24%
Mortgage Servicing Rights		223	Multiple of annual service fee	Estimated prepayment speed based on rate and term	240% - 400%	349%

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

(2) Appraisals may be adjusted downward 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.  Higher downward adjustments are caused by negative changes to the collateral or conditions in the real estate market, actual offers or sales contracts received, or age 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, 2014				December 31, 2013
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Financial assets:
Cash and cash equivalents	$	14,030	$	14,030	$	8,623	$	8,623
Interest-bearing time balances with other financial institutions		5,323		5,323		7,513		7,513
Investment securities		121,409		121,409		122,803		122,803
Net loans and leases		543,316		547,776		540,145		548,923
Restricted investment in bank stocks		3,146		3,146		2,969		2,969
Accrued interest receivable		2,904		2,904		2,704		2,704
Mortgage servicing rights		226		226		223		223
Financial liabilities:
Deposits	$	606,675	$	608,611	$	608,130	$	610,419
Short-term borrowings		28,544		28,544		23,833		23,833
Long-term debt		23,100		23,244		23,145		22,988
Accrued interest payable		486		486		393		393
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, 2014	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial instruments - assets
Net loans and leases	$	543,316	$	547,776	$	-	$	-	$	547,776
Financial instruments - liabilities
Deposits	$	606,675	$	608,611	$	-	$	608,611	$	-
Long-term debt		23,100		23,244		-		23,244		-

					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, 2013	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial instruments - assets
Net loans and leases	$	540,145	$	548,923	$	-	$	-	$	548,923
Financial instruments - liabilities
Deposits	$	608,130	$	610,419	$	-	$	610,419	$	-
Long-term debt		23,145		22,988		-		22,988		-