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Fair Value (Tables)

3 Months Ended

Mar. 31, 2014

Quantitative Information About Level 3 Inputs [Table Text Block]


March 31, 2014
Valuation Technique	Unobservable Input	Range		Weighted Average
Discounted Cash Flow	Prepayment rate	8 through 15	%	10.0	%
	Default rate	10 through 15	%	12.5	%
	Loss severity	10 through 25	%	18.0	%

Balances Of Assets And Liabilities Measured At Fair Value On A Recurring Basis [TableTextBlock]


	March 31, 2014
(In thousands)	Level 1		Level 2		Level 3		Total
Securities available for sale:
U.S. Government sponsored entities	$	-	$	8,251	$	-	$	8,251
State and political subdivisions		-		16,125		-		16,125
Residential mortgage-backed securities		-		47,360		-		47,360
Commercial mortgage-backed securities		-		-		499		499
Corporate and other securities		-		13,919		-		13,919
Total securities available for sale	$	-	$	85,655	$	499	$	86,154


	December 31, 2013
(In thousands)	Level 1		Level 2		Level 3		Total
Securities available for sale:
U.S. Government sponsored entities	$	-	$	6,418	$	-	$	6,418
State and political subdivisions		-		16,598		-		16,598
Residential mortgage-backed securities		-		44,389		-		44,389
Commercial mortgage-backed securities		-		-		888		888
Corporate and other securities		-		12,840		-		12,840
Total securities available for sale	$	-	$	80,245	$	888	$	81,133

Schedule Of Fair Value Changes In Level 3 [Table Text Block]


	For the three ended March 31,
(In thousands)	2014		2013
Commercial mortgage-backed securities:
Balance, beginning of period	$	888	$	4,463
Payoffs		(291)		(505)
Principal paydowns		(96)		(244)
Total net losses included in:
Other comprehensive income		(2)		(33)
Balance, end of period	$	499	$	3,681

Assets And Liabilities Carried On The Balance Sheet By Caption And By Level Within The Hierarchy (As Described Above) [TableTextBlock]


	Fair value at March 31, 2014								Gains (losses) from fair value changes for the three months ended
(In thousands)	Level 1		Level 2		Level 3		Total		March 31, 2014
Financial assets:
OREO	$	-	$	-	$	2,467	$	2,467	$	(400)
Impaired collateral-dependent loans		-		-		2,363		2,363		(1)

	Fair value at March 31, 2013								Gains (losses) from fair value changes for the three months ended
(In thousands)	Level 1		Level 2		Level 3		Total		March 31, 2013
Financial assets:
OREO	$	-	$	-	$	300	$	300	$	(70)
Impaired collateral-dependent loans		-		-		9,290		9,290		322

Carrying Amount And Estimated Fair Values Of The Company's Financial Instruments Not Previously Presented [TableTextBlock]


			March 31, 2014				December 31, 2013
(In thousands)	Fair value level		Carrying amount		Estimated fair value		Carrying amount		Estimated fair value
Financial assets:
Cash and cash equivalents		Level 1	$	128,213	$	128,213	$	99,404	$	99,404
Securities held to maturity (1)		Level 2		23,305		22,736		26,381		25,549
SBA loans held for sale		Level 2		6,517		7,193		6,673		7,267
Loans, net of allowance for loan losses (2)		Level 2		664,627		653,429		658,887		645,582
Federal Home Loan Bank stock		Level 2		5,752		5,752		5,392		5,392
Servicing assets		Level 3		595		595		437		437
Accrued interest receivable		Level 2		3,212		3,212		3,272		3,272
Financial liabilities:
Deposits		Level 2		767,624		767,263		738,698		738,337
Borrowed funds and subordinated debentures		Level 2		130,465		137,319		122,465		129,732
Accrued interest payable		Level 2		455		455		454		454

(1)	Includes held to maturity commercial mortgage-backed securities that are considered Level 3. These securities had book values of $4.1 million and $6.8 million at March 31, 2014 and December 31, 2013, respectively, and market values of $3.8 million and $6.4 million at March 31, 2014 and December 31, 2013, respectively.
(2)	Includes collateral-dependent impaired loans that are considered Level 3 and reported separately in the tables under the “Fair Value on a Nonrecurring Basis” heading. Collateral-dependent impaired loans, net of specific reserves totaled $2.4 million and $4.5 million at March 31, 2014 and December 31, 2013, respectively.

- Definition

Tabular disclosure related to 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 recurring and/or nonrecurring basis in periods after initial recognition. Disclosures 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) as well as transfers between levels 1 and 2.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 6

-Footnote 4

-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 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a,b,bb)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2C

-URI http://asc.fasb.org/extlink&oid=7578670&loc=SL7498348-110258

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-Subparagraph a, b

-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.

+ Details

- 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).

+ References+ Details

- 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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