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

6 Months Ended

Jun. 30, 2015

Tables/Schedules

Schedule of Fair Value of Financial Instruments at Year-End

The fair value of assets and liabilities are depicted below:

		June 30, 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	$8,322	$8,322	$3,237	$3,237
Available for sale securities	(1)	7,466	7,466	8,540	8,540
Loans held for sale	Level 2	2,924	2,924	6,160	6,160
Loans held at fair value	Level 3	1,490	1,490	629	629
Loans, net of allowance for loan losses	(2)	36,686	35,832	40,127	40,069
Accrued interest receivable	Level 2	231	231	250	250
Liabilities:
Demand deposits	Level 2	28,398	28,398	28,723	28,723
Savings deposits	Level 2	11,679	11,679	12,091	12,091
Time deposits	Level 2	14,928	14,939	16,148	16,157
Accrued interest payable	Level 2	14	14	16	16