8. Fair Value: Schedule of Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2013

Tables/Schedules

Schedule of Fair Value of Assets and Liabilities

The fair value of assets and liabilities are depicted below:

		September 30, 2013		December 31, 2012
(in 000’s)	Level in	Carrying	Fair	Carrying	Fair
	Value Hierarchy	Amount	Value	Amount	Value
(Dollars in thousands)
Assets:
Cash and cash equivalents	Level 1	$9,178	$9,178	$10,236	$10,236
Available for sale securities	(1)	9,879	9,879	1,027	1,027
Held to maturity securities	Level 2	-	-	11,895	12,486
Loans, net of allowance for loan losses	(2)	41,506	41,459	40,298	40,325
Accrued interest receivable	Level 2	286	286	310	310
Liabilities:
Demand deposits	Level 2	30,063	30,063	29,851	29,851
Savings deposits	Level 2	13,122	13,122	14,239	14,239
Time deposits	Level 2	15,520	15,523	16,886	16,902
Accrued interest payable	Level 2	15	15	31	31

 (1) Level 1 for money market funds; Level 2 for all other securities.

(2) Level 2 for non-impaired loans; Level 3 for impaired loans.