Fair Values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Investments, All Other Investments [Abstract]

Schedule of Estimated Fair Values of Recognized Financial Instruments

The estimated fair values of recognized financial instruments as of September 30, 2014 and December 31, 2013 are as follows:

(Dollars in thousands)	Carrying Value		Level 1		Level II		Level III		Total Fair Value
September 30, 2014
Financial assets:
Cash and cash equivalents	$	36,810	$	36,810	$	—	$	—	$	36,810
Securities available for sale		98,836		1,128		97,708		—		98,836
Securities held-to-maturity		38,110		—		38,124		—		38,124
Restricted stock		5,188		—		5,188		—		5,188
Net loans		404,720		—		—		407,578		407,578
Bank-owned life insurance		9,748		9,748		—		—		9,748
Accrued interest receivable		1,495		1,495		—		—		1,495
Financial liabilities:
Deposits	$	486,521	$	356,490	$	—	$	130,722	$	487,212
Short-term borrowings		48,713		48,713		—		—		48,713
Other borrowings		17,118		—		—		17,490		17,490
Accrued interest payable		87		87		—		—		87
December 31, 2013
Financial assets:
Cash and cash equivalents	$	42,599	$	42,599	$	—	$	—	$	42,599
Securities available for sale		101,722		1,125		100,597		—		101,722
Securities held-to-maturity		44,350		—		42,643		—		42,643
Restricted stock		5,463		—		5,463		—		5,463
Net loans		374,040		—		—		375,055		375,055
Bank-owned life insurance		9,551		9,551		—		—		9,551
Accrued interest receivable		1,374		1,374		—		—		1,374
Financial liabilities:
Deposits	$	480,933	$	346,589	$	—	$	135,106	$	481,695
Short-term borrowings		48,671		48,671		—		—		48,671
Other borrowings		12,459		—		—		12,559		12,559
Accrued interest payable		96		96		—		—		96