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Disclosures about Fair Value of Assets and Liabilities (Tables)
12 Months Ended
Dec. 31, 2014
Disclosures About Fair Value Of Assets And Liabilities [Abstract]  
Schedule of Fair Value Measured on a Recurring Basis


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, 2014

             

U.S. government agencies

  $ 126     $ -     $ 126     $ -

Mortgage-backed securities of government-sponsored entities

  88,213     -     88,213     -

Private-label collateralized mortgage obligations

  502     -     502     -

State and political subdivisions

  20,128     -     20,128     -
             
     

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, 2013

             

U.S. government agencies

  $ 137     $ -     $ 137     $ -

Mortgage-backed securities of government-sponsored entities

  80,357     -     80,357     -

Private-label collateralized mortgage obligations

  704     -     704     -

State and political subdivisions

  22,427     -     22,427     -


Schedule of Fair Value Measured on a Nonrecurring Basis


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, 2014

             

Collateral-dependent impaired loans

  $ 634     $ -     $ -     $ 634

Foreclosed assets

  59     -     -     59
             

December 31, 2013

             

Collateral-dependent impaired loans

  $ 289     $ -     $ -     $ 289


Schedule of Level 3 Fair Value Measurements
 

Fair Value

Valuation Technique

   

Unobservable Inputs

   

Weighted- Average

December 31, 2014

               

Collateral-dependent impaired loans

  $ 634

Market Comparable Properties, less delinquent real estate taxes

    N/A     N/A

Foreclosed assets

  59

Estimated Selling Price

   

Selling Costs

    10%
             

December 31, 2013

             

Collateral-dependent impaired loans

  $ 289  

Present value of cash flows

   

Discount Rate

    6.22%


Schedule of Fair Value of 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)

December 31, 2014

           

  Financial assets

                     

     Cash and cash equivalents         

  $ 10,783     $ 10,783     $ -     $ -

     Held-to-maturity securities

  6,989     -     6,837     -

     Loans, net of allowance for loan losses

  265,609     -     -     274,443

     Federal Home Loan Bank stock

  4,226     -     4,226     -

     Interest receivable

  1,154     -     1,154     -
             

  Financial liabilities

             

     Deposits

  348,922     34,403     294,365     -

     Other short-term borrowings

  7,000     -     7,000     -

     Federal Home Loan Bank advances

  16,438     -     16,572     -

     Advances from borrowers for taxes and insurance

  1,135     -     1,135     -

     Interest payable

  47     -     47     -

 

 


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, 2013

           

  Financial assets

                     

     Cash and cash equivalents         

  $ 13,381     $ 13,381     $ -     $ -

     Held-to-maturity securities

  6,623     -     6,121    

     Loans, net of allowance for loan losses

  261,130     -     -     266,530

     Federal Home Loan Bank stock

  5,025     -     5,025     -

     Interest receivable

  1,184     -     1,184     -
             

  Financial liabilities

             

     Deposits

  337,571     30,145     275,357     -

     Other short-term borrowings

  7,212     -     7,212     -

     Federal Home Loan Bank advances

  22,336     -     22,801     -

     Advances from borrowers for taxes and insurance

  1,105     -     1,105     -

     Interest payable

  68     -     68     -