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

3 Months Ended

Mar. 31, 2015

Tables/Schedules

Schedule of Fair Value of Financial Instruments at Year-End

The fair value of assets and liabilities are depicted below:

		March 31, 2015		December 31, 2014
(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	$6,097	$6,097	$3,237	$3,237
Available for sale securities	(1)	7,990	7,990	8,540	8,540
Loans held for sale	Level 2	2,416	2,416	6,160	6,160
Loans held at fair value	Level 3	1,792	1,792	629	629
Loans, net of allowance for loan losses	(2)	38,509	38,324	40,127	40,069
Accrued interest receivable	Level 2	249	249	250	250
Liabilities:
Demand deposits	Level 2	27,791	27,791	28,723	28,723
Savings deposits	Level 2	12,143	12,143	12,091	12,091
Time deposits	Level 2	15,327	15,338	16,148	16,157
Accrued interest payable	Level 2	21	21	16	16