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Disclosures About Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of fair value measurements of assets and liabilities recognized in the accompanying balance sheets measured at fair value on a recurring basis

			December 31, 2013 Fair Value Measurements Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Available-for-sale securities
Federal agencies	$	37,213	$	-	$	37,213	$	-
State and municipal		37,122		-		37,122		-
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		41,801		-		41,801		-
Corporate		3,751		-		2,483		1,268
Total	$	119,887	$	-	$	118,619	$	1,268

			December 31, 2012 Fair Value Measurements Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Available-for-sale securities
Federal agencies	$	43,409	$	-	$	43,409	$	-
State and municipal		31,162		-		31,162		-
Government-sponsored enterprise (GSE) residential mortgage-backed and other asset-backed agency securities		36,022		-		36,022		-
Corporate		3,177		-		1,980		1,197
Total	$	113,770	$	-	$	112,573	$	1,197

Schedule of amortized cost and approximate fair values of securities

	2013 Available-for-Sale Securities			2012 Available-for-Sale Securities

Beginning balance	$	1,197		$	1,090
Total realized and unrealized gains and losses
Amortization included in net income		12			11
Unrealized gains included in other comprehensive income		128			150
Settlements including pay downs		(69	)		(54	)
Transfers in and/or out of Level 3		-			-
Ending balance	$	1,268		$	1,197
Total gains or losses for the period included in net income attributable to the change in unrealized gains or losses related to assets and liabilities still held at the reporting date	$	-		$	-

Schedule of fair value measurements of assets and liabilities recognized in the accompanying balance sheets measured at fair value on a nonrecurring basis

			Fair Value Measurements Using
As of December 31, 2013	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Impaired loans	$	5,987	$	-	$	-	$	5,987
Real estate held for sale		65		-		-		65

			Fair Value Measurements Using
As of December 31, 2012	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Impaired loans	$	4,363	$	-	$	-	$	4,363
Real estate held for sale		700		-		-		700

Schedule of quantitative information about level 3 fair value measurements

	Fair Value at December 31, 2013		Valuation Techniques	Unobservable Input	Range (Weighted Average)
	(Unaudited; In Thousands)

Impaired loans	$	5,987	Comparative sales based on independent appraisal	Marketability Discount	10% - 20%

Real estate held for sale	$	65	Comparative sales based on independent appraisal	Marketability Discount	10%

Securities available for sale

Corporate	$	1,268	Discounted cash flows	*Default probability	1.04% - 100%
				*Loss, given default	85% - 100%
				*Discount rate	4.41% - 9.50%
				*Recovery rate	0% - 90%
				*Prepayment rate	0% - 100%

	Fair Value at December 31, 2012		Valuation Techniques	Unobservable Input	Range (Weighted Average)
	(Unaudited; In Thousands)

Impaired loans	$	4,363	Comparative sales based on independent appraisal	Marketability Discount		10% - 20	%

Real estate held for sale	$	700	Comparative sales based on independent appraisal	Marketability Discount		10% - 20	%

Securities available for sale

Corporate	$	1,197	Discounted cash flows	*Default probability		.21% - 1.73	%
				*Loss, given default		100	%
				*Discount rate		3.32% - 9.0	%
				*Recovery rate		0% - 15	%
				*Prepayment rate		1% - 40	%

Schedule of estimated fair values of the company's financial instruments

			Fair Value Measurements Using
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Unaudited)
December 31, 2013:
Assets
Cash and cash equivalents	$	10,244	$	10,244	$	-	$	-
Loans, held for sale		341		-		341		-
Loans, net of allowance for losses		316,228		-		330,073		-
Stock in Federal Home Loan Bank		4,595		-		4,595		-
Interest receivable		2,178		-		2,178		-
Liabilities
Deposits		395,015		-		395,924		-
Borrowings		49,717		-		44,538		7,218
Interest payable		270		-		270		-

			Fair Value Measurements Using
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Unaudited)
December 31, 2012:
Assets
Cash and cash equivalents	$	19,152	$	19,152	$	-	$	-
Loans, held for sale		394		-		394		-
Loans, net of allowance for losses		305,518		-		331,543		-
Stock in Federal Home Loan Bank		4,595		-		4,595		-
Interest receivable		2,292		-		2,292		-
Liabilities
Deposits		384,255		-		386,068		-
Borrowings		49,717		-		45,849		6,898
Interest payable		362		-		362		-

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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