Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Disclosures

Schedule of Company's assets measured at fair value on a recurring basis

	September 30, 2012
	Fair Value Measurement Using
	Level 1		Level 2		Level 3		Securities at Fair Value
	(in thousands)
Investment securities available for sale:
U.S. Treasury	$	160	$	—	$	—	$	160
Municipal bonds	57,097		—		—		57,097
Mortgage-backed securities	53,939		2,093		961		56,993
Total securities available for sale	$	111,196	$	2,093	$	961	$	114,250
Stock:
FHLB stock	$	10,172	$	—	$	—	$	10,172
Federal Reserve Bank stock	2,019		—		—		2,019
Total stock	$	12,191	$	—	$	—	$	12,191
Total securities	$	123,387	$	2,093	$	961	$	126,441
	September 30, 2011
	Fair Value Measurement Using
	Level 1		Level 2		Level 3		Securities at Fair Value
	(in thousands)
Investment securities available for sale:
U.S. Treasury	$	164	$	—	$	—	$	164
Municipal bonds	24,029		—		—		24,029
Mortgage-backed securities	79,319		3,283		966		83,568
Total securities available for sale	$	103,512	$	3,283	$	966	$	107,761
Stock:
FHLB stock	$	10,963	$	—	$	—	$	10,963
Federal Reserve Bank stock	2,019		—		—		2,019
Total stock	$	12,982	$	—	$	—	$	12,982
Total securities	$	116,494	$	3,283	$	966	$	120,743

Schedule of reconciliation of the beginning and ending balance of assets measured at fair value on a recurring basis using significant unobservable (Level 3) inputs

	Nine Months Ended
	September 30, 2012			September 30, 2011
	(in thousands)
Balance, beginning of period	$	991		$	1,505
Total gains or (losses) realized/unrealized:
Included in earnings (or changes in net assets)	(118		)	(581		)
Included in other comprehensive income	290			(274		)
Purchases, issuances, and settlements	(202		)	(340		)
Transfer in and/or out of Level 3	—			656
Balance, end of period	$	961		$	966

Schedule of Company's assets measured at fair value on a non-recurring basis

	September 30, 2012
	Fair Value Measurement Using
	Level 1		Level 2		Level 3		Assets at Fair Value
	(in thousands)
Assets
Impaired loans	$	—	$	2,852	$	—	$	2,852
Loans held for sale	—		4,728		—		4,728
Other real estate owned	—		5,521		—		5,521
Total assets	$	—	$	13,101	$	—	$	13,101
	September 30, 2011
	Fair Value Measurement Using
	Level 1		Level 2		Level 3		Assets at Fair Value
	(in thousands)
Assets
Impaired loans	$	—	$	10,774	$	—	$	10,774
Other real estate owned	—		2,846		—		2,846
Total assets	$	—	$	13,620	$	—	$	13,620