Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Measurements Tables

Schedule of Fair Value Measured on a Recurring Basis

The following table presents the fair value measurements of assets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2013 and December 31, 2012:

			Fair Value Measurement Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
March 31, 2013
U.S. government agencies	$	150	$	—	$	150	$	—
Mortgage-backed securities of government sponsored entities		85,582		—		85,582		—
Private-label collateralized mortgage obligations		1,002		—		1,002		—
State and political subdivisions		23,494		—		23,494		—

			Fair Value Measurement Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
December 31, 2012
U.S. government agencies	$	155	$	—	$	155	$	—
Mortgage-backed securities of government sponsored entities		85,830		—		85,830		—
Private-label collateralized mortgage obligations		1,106		—		1,106		—
State and political subdivisions		24,427		—		24,427		—

Schedule of Fair Value Measured on a Nonrecurring Basis

The following table presents the fair value measurements of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2013 and December 31, 2012.

			Fair Value Measurement Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
March 31, 2013
Collateral-dependent impaired loans	$	344	$	—	$	—	$	344
December 31, 2012
Collateral-dependent impaired loans	$	2,437	$	—	$	—	$	2,437
Foreclosed assets		16		—		—		16

Schedule of Level 3 Fair Value Measurements

The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements in thousands.

March 31, 2013	Fair Value		Valuation Technique	Unobservable Inputs	Range
Collateral-dependent   impaired loans	$	344	Market comparable properties	Selling Costs  Sherriff's sale discount		10% 37%
December 31, 2012
Collateral-dependent   impaired loans	$	2,437	Market comparable properties	Selling Costs		10%
Foreclosed assets		16	Market comparable properties	Selling Costs		10%

Schedule of Fair Value of Financial Instruments

The following table presents 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)
	(In thousands)
March 31, 2013
Financial assets
Cash and cash equivalents	$	9,962	$	9,962	$	—	$	—
Held-to-maturity securities		5,333		—		5,311		—
Loans, net of allowance for loan losses		246,910		—		—		259,591
Federal Home Loan Bank stock		5,025		—		5,025		—
Interest receivable		1,420		—		1,420		—
Financial liabilities
Deposits		326,703		—		313,654		—
Other short-term borrowings		5,975		—		5,975		—
Federal Home Loan Bank advances		21,247		—		22,023		—
Advances from borrowers for taxes and insurance		655		—		655		—
Interest payable		54		—		54		—

			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)
	(In thousands)
December 31, 2012
Financial assets
Cash and cash equivalents	$	12,055	$	12,055	$	—	$	—
Held-to-maturity securities		3,748		—		3,740
Loans, net of allowance for loan losses		247,849		—		—		259,986
Federal Home Loan Bank stock		5,025		—		5,025		—
Interest receivable		1,228		—		1,228		—
Financial liabilities
Deposits		327,737		—		317,312		—
Other short-term borrowings		7,077		—		7,077		—
Federal Home Loan Bank advances		21,217		—		22,048		—
Advances from borrowers for taxes and insurance		1,069		—		1,069		—
Interest payable		51		—		51		—