FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets Measured on Recurring Basis

The following table presents the assets reported on the consolidated statements of financial condition at their fair value as of September 30, 2013 and December 31, 2012, by level within the fair value hierarchy. 

(Dollars in thousands)	Level I		Level II		Level III		Total
September 30, 2013
ASSETS:
Securities available-for-sale:
U.S. Treasury securities	$	996	$	—	$	—	$	996
U.S. Government agencies		—		23,418		—		23,418
Mortgage-backed securities		—		52,084		—		52,084
Asset-backed securities		—		2,786		—		2,786
States and political subdivisions		—		18,522		—		18,522
Corporate bonds		—		4,526		—		4,526
Equity securities		121		—		—		121
Total securities available-for-sale		1,117		101,336		—		102,453
Loans held for sale		70		—		—		70
Total Assets	$	1,187	$	101,336	$	—	$	102,523
December 31, 2012
ASSETS:
Securities available-for-sale:
U.S. Treasury securities	$	100	$	—	$	—	$	100
U.S. Government agencies		—		35,980		—		35,980
Mortgage-backed securities		—		69,039		—		69,039
Asset-backed securities		—		2,823		—		2,823
States and political subdivisions		—		16,883		—		16,883
Corporate bonds		—		4,397		—		4,397
Equity securities		69		—		—		69
Total securities available-for-sale		169		129,122		—		129,291
Total Assets	$	169	$	129,122	$	—	$	129,291

Schedule of Fair Value of Assets Measured on Nonrecurring Basis

The following table presents the assets measured on a nonrecurring basis on the Consolidated Balance Sheets at their fair value as of September 30, 2013 and December 31, 2012, by level within the fair value hierarchy.

(Dollars in thousands)	Level I		Level II		Level III		Total
September 30, 2013
Assets measured on a nonrecurring basis:
Impaired loans	$	—	$	—	$	8,271	$	8,271
Mortgage servicing rights		—		—		228		228
December 31, 2012
Impaired loans	$	—	$	—	$	9,412	$	9,412
Other real estate owned		—		—		25		25
Mortgage servicing rights		—		—		214		214

Schedule of Quantitative Information of Assets Measured at Fair Value on Nonrecurring Basis

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level III inputs to determine fair value:

	Quantitative Information about Level III Fair Value Measurements
	Fair Value		Valuation	Unobservable
	Estimate		Techniques	Input	Range
(Dollars in thousands)
September 30, 2013
Impaired loans	$	7,080	Discounted cash flow	Remaining term Discount rate	6 mos to 29 yrs 4.63% to 12%
		1,191	Appraisal of collateral (1), (3)	Appraisal adjustments (2) Liquidation expense (2)	-20% to -25% -10%
Mortgage servicing rights		228	Discounted cash flow	Remaining term Discount rate	15 mos to 30 yrs 1.5%
December 31, 2012
Impaired loans	$	7,260	Discounted cash flow	Remaining term Discount rate	4 mos to 29 yrs 7.5% to 12%
		2,152	Appraisal of collateral (1), (3)	Appraisal adjustments (2) Liquidation expense (2)	-20% to -35% -10%
Other real estate owned		25	Appraisal of collateral (1), (3)	Management discount for property type (3)	0% to -67%
Mortgage servicing rights		214	Discounted cash flow	Remaining term Discount rate	24 mos to 30 yrs 1.5%

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

(2) Appraisals may be adjusted by management for qualitative factors such as 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.