11. Fair Value Measurements: Schedule of Fair Value of Financial Instruments at Year-End (Tables)

12 Months Ended

Dec. 31, 2014

Tables/Schedules

Schedule of Fair Value of Financial Instruments at Year-End

The fair value of financial instruments at year-end are presented below:

(in 000’s)

	Level in	2014		2013
	Value	Carrying	Fair	Carrying	Fair
	Hierarchy	Amount	Value	Amount	Value
Assets:
Cash and cash equivalents	Level 1	$3,237	$3,237	$5,790	$5,790
Available for sale securities	(1)	8,540	8,540	9,580	9,580
Loans held for sale	Level 2	6,160	6,160	1,646	1,646
Loans held at fair value	Level 3	629	629	447	447
Loans, net of allowance for loan losses	(2)	40,127	40,069	42,264	42,857
Interest receivable	Level 2	250	250	256	256
Liabilities:
Demand deposits	Level 2	28,723	28,723	28,658	28,658
Savings deposits	Level 2	12,091	12,091	12,988	12,988
Time deposits	Level 2	16,148	16,157	15,463	15,472
Interest Payable	Level 2	16	16	13	13