FAIR VALUE MEASUREMENT (Tables)

9 Months Ended

Sep. 30, 2012

FAIR VALUE MEASUREMENT [Abstract]

Assets and liabilities measured at fair value on a recurring basis

The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of September 30, 2012.

	(in thousands)
September 30, 2012	Total		Level 1		Level 2		Level 3
U.S. Treasury securities	$	2,007	$	2,007	$	—	$	—
Securities of U.S. government agencies and corporations		27,383		—		27,383		—
Obligations of states and political subdivisions		27,172		—		27,172		—
Collateralized mortgage obligations		8,336		—		8,336
Mortgage-backed securities		118,045		—		118,045		—
Total investments at fair value	$	182,943	$	2,007	$	180,936	$	—

The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of December 31, 2011.

	(in thousands)
December 31, 2011	Total		Level 1		Level 2		Level 3
U.S. Treasury securities	$	2,314	$	2,314	$	—	$	—
Securities of U.S. government agencies and corporations		37,014		—		37,014		—
Obligations of states and political subdivisions		20,617		—		20,617		—
Mortgage-backed securities		100,296		—		100,296		—
Total investments at fair value	$	160,241	$	2,314	$	157,927	$	—

Assets measured at fair value on a non-recurring basis

Assets measured at fair value on a non-recurring basis are included in the table below by level within the fair value hierarchy as of September 30, 2012.

	(in thousands)
September 30, 2012	Total		Level 1		Level 2		Level 3
Impaired loans	$	3,410	$	—	$	—	$	3,410
Other real estate owned		899		—		—		899
Loan servicing rights		1,225		—		—		1,225
Total assets at fair value	$	5,208	$	—	$	—	$	5,208

Assets measured at fair value on a non-recurring basis are included in the table below by level within the fair value hierarchy as of December 31, 2011.

	(in thousands)
December 31, 2011	Total		Level 1		Level 2		Level 3
Impaired loans	$	4,008	$	—	$	—	$	4,008
Other real estate owned		1,001		—		—		1,001
Loan servicing rights		1,289		—		—		1,289
Total assets at fair value	$	6,298	$	—	$	—	$	6,298