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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Measurements [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)

 


June 30, 2015

             

     U.S. government agencies

  106     $ -     $ 106     $ -

     Mortgage-backed securities of
          government sponsored entities

    86,959     -     86,959     -

     Private-label collateralized mortgage
          obligations

    429     -     429     -

     State and political subdivisions

    18,880     -     18,880     -
               
     

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     -
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)


June 30, 2015

             

     Collateral-dependent
          impaired loans

  $ 249     $ -     $ -     $ 249
     Foreclosed assets   299     -     -     299
                               

  December 31, 2014

             

     Collateral-dependent
           impaired loans

  $ 634     $ -     $ -     $ 634

     Foreclosed assets

  59     -     -     59
Schedule of Level 3 Fair Value Measurements
 

Fair Value

 

Valuation Technique

 

Unobservable Inputs 

 

Weighted
Average

June 30, 2015

             

Collateral-dependent
     impaired loans

  $ 249  

Market comparable
properties, less delinquent
real estate taxes

 

Selling and fixed costs

  10%
Foreclosed assets   299    Estimated selling price   Selling Costs   19%
                     

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%
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)

June 30, 2015

           

  Financial assets

                     

     Cash and
         cash equivalents         

  $ 7,540     $ 7,540     $ -     $ -  

     Held-to-maturity
            securities

  8,574     -     8,321     -  

     Loans, net of allowance
            for loan losses

  272,543     -     -     279,280  

     Federal Home Loan Bank
          stock

  4,226     -     4,226     -  

     Interest receivable

  1,159     -     1,159     -  
               

  Financial liabilities

               

 

   
     
     
         

     Deposits

  353,289     35,677     294,360     -  

     Other short-term
         borrowings

  6,770     -     6,770     -  

     Federal Home Loan Bank
           advances

  17,979     -     18,004     -  

     Advances from borrowers
          for taxes and insurance

  194     -     194     -  

     Interest payable

  46     -     46     -  

 


       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     -