7. Fair Value: Schedule of Fair Value of Assets on a Nonrecurring Basis (Tables)

3 Months Ended

Mar. 31, 2013

Tables/Schedules

Schedule of Fair Value of Assets on a Nonrecurring Basis

The following table presents the assets carried on the consolidated balance sheet by level within the hierarchy as of March 31, 2013 and December 31, 2012, for which a nonrecurring change in fair value has been recorded during the three months ended March 31, 2013 and year ended December 31, 2012.

 Carrying Value at March 31, 2013:

(in 000’s)	Total	Quoted Prices in Active markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total fair value gain (loss) during 3 months ended March 31, 2013
Impaired loans	-	-	-	-	(34)
Other real estate owned (“OREO”)	743	-	-	743	(5)

Carrying Value at December 31, 2012:

(in 000’s)	Total	Quoted Prices in Active markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Total fair value gain (loss) during 3 months ended December 31, 2012
Impaired loans	$1,501	-	-	$1,501	(843)
Other real estate owned (“OREO”)	775	-	-	775	(233)