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Disclosures About Fair Value of Assets and Liabilities (Tables)
6 Months Ended
Jun. 30, 2012
Disclosures About Fair Value of Assets and Liabilities [Abstract]  
Available for sale securities recorded at a fair value
                                 
          At June 30, 2012  
    Fair     Fair Value Measurements Using  
    Value     Level 1     Level 2     Level 3  

Available for sale securities:

                               

U.S. government agencies

  $ 14,553     $ —       $ 14,553     $ —    

State and political subdivisions

    11,494       —         11,494       —    

Mortgage-backed securities – GSE residential

    25,849       —         25,849       —    

Preferred stock

    33       33       —         —    

SBA guaranteed

    246       —         246       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total available for sale securities

  $ 52,175     $ 33     $ 52,142     $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                 
          At December 31, 2011  
    Fair
Value
    Fair Value Measurements Using  
      Level 1     Level 2     Level 3  

Available for sale securities:

                               

U.S. government agencies

  $ 9,041     $ —       $ 9,041     $ —    

State and political subdivisions

    12,926       —         12,926       —    

Mortgage-backed securities – GSE residential

    21,665       —         21,665       —    

Preferred stock

    25       25       —         —    

SBA guaranteed

    274       —         274       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total available for sale securities

  $ 43,931     $ 25     $ 43,906     $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 
Fair value assets and liabilities measured on non-recurring basis
                                 
          At June 30, 2012  
    Fair
Value
    Fair Value Measurements Using  
      Level 1     Level 2     Level 3  

Impaired loans

  $ 4,443       —         —       $ 4,443  

Other real estate owned

    3,914       —         —         3,914  

 

                                 
          At December 31, 2011  
    Fair
Value
    Fair Value Measurements Using  
      Level 1     Level 2     Level 3  

Impaired loans

  $ 7,008       —         —       $ 7,008  

Other real estate owned

    4,722       —         —         4,722  
Carrying amount and estimated fair value of financial instruments
                                 
          At June 30, 2012  
    Carrying
Amount
    Fair Value Measurements Using  
      Level 1     Level 2     Level 3  

Financial assets

                               

Cash and cash equivalents

  $ 52,293     $ 52,293     $ —         —    

Interest-bearing time deposits

    2,190       2,190       —         —    

Securities available for sale

    52,175       33       52,142       —    

Loans held for sale

    1,221       —         1,221       —    

Loans receivable, net

    193,335       —         —         195,725  

Federal Home Loan Bank stock

    2,506       —         2,506       —    

Interest receivable

    1,096       —         1,096       —    
         

Financial liabilities

                               

Deposits

    312,256       —         313,874       —    

Federal Home Loan Bank advances

    13,000       —         13,003       —    

Other borrowings

    1,300       —         1,300       —    

Subordinated debentures

    3,609       —         —         1,203  

Interest payable

    298       —         298       —    
                 
    Carrying
Value
    Fair
Value
 

Financial assets

               

Cash and cash equivalents

  $ 44,258     $ 44,258  

Interest-bearing time deposits

    3,435       3,435  

Securities available for sale

    43,931       43,931  

Loans held for sale

    633       633  

Loans receivable, net

    198,110       200,526  

Federal Home Loan Bank stock

    5,398       5,398  

Interest receivable

    1,047       1,047  
     

Financial liabilities

               

Deposits

    301,101       303,213  

Federal Home Loan Bank advances

    13,000       13,356  

Other borrowings

    1,300       1,300  

Subordinated debentures

    3,609       1,189  

Interest payable

    248       248