Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Measurement [Abstract]

Assets and liabilities measured at fair value on a recurring basis

The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis as of December 31, 2014 and 2013.

December 31, 2014	Total		Level 1		Level 2		Level 3
Securities of U.S. government
agencies and corporations	$	28,429		—	$	28,429		—
Obligations of states and
political subdivisions		20,763		—		20,763		—
Collateralized mortgage obligations		12,553		—		12,553		—
Mortgage-backed securities		89,481		—		89,481		—
Total investments at fair value	$	151,226	$	—	$	151,226	$	—

December 31, 2013	Total		Level 1		Level 2		Level 3
Securities of U.S. government
agencies and corporations	$	52,685	$	—	$	52,685	$	—
Obligations of states and
political subdivisions		27,387		—		27,387		—
Collateralized mortgage obligations		5,405		—		5,405		—
Mortgage-backed securities		87,792		—		87,792		—
Total investments at fair value	$	173,269	$	—	$	173,269	$	—

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 December 31, 2014 and 2013.

December 31, 2014	Total		Level 1		Level 2		Level 3
Impaired loans	$	568	$	—	$	—	$	568
Other real estate owned		736		—		—		736
Total assets at fair value	$	1,304	$	—	$	—	$	1,304

December 31, 2013	Total		Level 1		Level 2		Level 3
Impaired loans	$	1,095	$	—	$	—	$	1,095
Loan servicing rights		1,968		—		—		1,968
Total assets at fair value	$	3,063	$	—	$	—	$	3,063

Methods and assumptions used in measuring fair value of assets and liabilities

Key methods and assumptions used in measuring the fair value of impaired loans and loan servicing rights as of December 31, 2014 and 2013 were as follows:

	Method	Assumption Inputs
Impaired loans	Collateral, market, income,  enterprise, liquidation and discounted cash flows	External appraised values, management assumptions regarding market trends or other relevant factors; selling costs ranging 6% to 7%.
Other real estate owned	Collateral	External appraised values, management assumptions regarding market trends or other relevant factors; selling costs ranging 6% to 11%.
Loan servicing rights	Discounted cash flows	Present value of expected future cash flows is estimated using a discount rate factor of 10.06% and 10.05% as of December 31, 2014 and December 31, 2013, respectively.  A constant prepayment rate of 12.12% and 9.09% as of December 31, 2014 and December 31, 2013, respectively, was utilized.