Fair Value Measurements and Disclosure (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value Measurements and Disclosure [Abstract]

Fair Value of Financial Instruments

The table below is a summary of fair value estimates for financial instruments and the level of the fair value hierarchy within which the fair value measurements are categorized at the periods indicated:

December 31, 2012
					Quoted Prices		Significant
					In Active		Other		Significant
			Estimated		Markets for		Observable		Unobservable
	Carrying		Fair		Identical Assets		Inputs		Inputs
(In thousands)	Amount		Value		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	141,627	$	141,627	$	141,627
Interest-bearing deposits		1,507		1,507				1,507
Investment securities		31,844		31,844		13,593		18,251
Loans		388,249		386,836						386,836
Cash surrender value of life insurance		16,681		16,681						16,681
Accrued interest receivable		1,694		1,694				1,694
Financial Liabilities:
Deposits:
Noninterest-bearing		217,014		217,014		217,014
NOW and money market		203,771		203,569		203,569
Savings		43,117		41,998		41,998
Time Deposits		99,385		99,529						99,529
Total Deposits		563,287		562,110		462,581				99,529
Junior Subordinated Debt		10,068		10,068						10,068
Accrued interest payable		71		71				71
Commitments to extend credit		--		--		--		--		--
Standby letters of credit		--		--		--		--		--

December 31, 2011
					Quoted Prices		Significant
					In Active		Other		Significant
			Estimated		Markets for		Observable		Unobservable
	Carrying		Fair		Identical Assets		Inputs		Inputs
(In thousands)	Amount		Value		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	124,184	$	124,184	$	124,184
Interest-bearing deposits		2,187		2,250			$	2,250
Investment securities		38,458		38,458				30,485	$	7,973
Loans		394,498		398,837						398,837
Cash surrender value of life insurance		16,150		16,150						16,150
Accrued interest receivable		1,946		1,946				1,946
Financial Liabilities:
Deposits:
Noninterest-bearing		224,907		224,907		224,907
NOW and money market		165,937		165,937		165,937
Savings		40,099		40,099		40,099
Time Deposits		143,484		143,427						143,427
Total Deposits		574,427		574,370		430,943				143,427
Junior Subordinated Debt		9,027		9,027						9,027
Accrued interest payable		111		111				111
Commitments to extend credit		--		--		--		--		--
Standby letters of credit		--		--		--		--		--

Assets and Liabilities Measured at Fair Value on Recurring and Non-recurring Basis

	December 31,		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description of Assets (000's)	2012		(Level 1)		(Level 2)		(Level 3)
AFS Securities:
U.S Govt agencies		24,366		9,632		14,734
U.S Govt collateralized mortgage obligations		3,517				3,517
Mutual Funds		3,961		3,961
Total AFS securities		31,844		13,593		18,251		0
Impaired Loans (1):
Commercial and industrial		576						576
Real estate mortgage		7,903						7,903
RE construction & development		0						0
Agricultural		0						0
Installment/Other		0						0
Total impaired loans		8,479		0		0		8,479
Other real estate owned (1)		23,932						23,932
Total	$	64,255	$	13,593	$	18,251	$	32,411

         (1)  Nonrecurring

	December 31,		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description of Liabilities (000's)	2012		(Level 1)		(Level 2)		(Level 3)
Junior subordinated debt		10,068						10,068
Total		10,068		0		0		10,068

The following tables summarize the Company's assets and liabilities that were measured at fair value on a recurring and non-recurring basis as of December 31, 2011 (in 000's):

	December 31,		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description of Assets (000's)	2011		(Level 1)		(Level 2)		(Level 3)
AFS Securities:
Other investment securities	$	0	$	0
U.S Govt agencies		25,050				25,050
U.S Govt collateralized mortgage obligations		5,435				5,435
Obligations of state and political subdivisions		0				0
Private label residential mortgage obligations		7,973						7,973
Total AFS securities		38,458		0		30,485		7,973
Impaired Loans (1):
Commercial and industrial		6,527						6,527
Real estate mortgage		11,181						11,181
RE construction & development		11,361						11,361
Agricultural		1,472						1,472
Installment/Other		87						87
Total impaired loans		30,628		0		0		30,628
Other real estate owned (1)		27,091						27,091
Goodwill (1)		2,861						2,861
Core deposit intangible (1)		12						12
Total	$	99,050	$	0	$	30,485	$	68,565

       (1) Nonrecurring

	December 31,		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description of Liabilities (000's)	2011		(Level 1)		(Level 2)		(Level 3)
Junior subordinated debt		9,027						9,027
Total		9,027		0		0		9,027

Significant Unobservable Inputs (Level 3) on a Recurring Basis

The following tables provide a reconciliation of assets and liabilities at fair value using significant unobservable inputs (Level 3) on a recurring basis during the period (in 000's):

	12/31/12			12/31/11
Reconciliation of Assets:	Private label residential mortgage obligations			Private label residential mortgage obligations
Beginning balance	$	7,972		$	9,960
Total gains or (losses) included in earnings (or other comprehensive loss)		(468	)		(1,988	)
Transfers in and/or out of Level 3		(7,504	)		0
Ending balance	$	0		$	7,972
The amount of total gains or (losses) for the period included in earnings (or other comprehensive loss) attributable to the change in unrealized gains or losses relating to assets still held at the reporting date	$	--		$	(1,988	)

	12/31/2012		12/31/2011
Reconciliation of Liabilities:	Junior Subordinated Debt		Junior Subordinated Debt
Beginning balance	$	9,027	$	10,646
Total gains (losses) included in earnings (or changes in net assets)		774		(1,863	)
Transfers in and/or out of Level 3		267		244
Ending balance	$	10,068	$	9,027
The amount of total gains (losses) for the period included in earnings (or changes in net assets) attributable to the change in unrealized gains or losses and accrued interest relating to liabilities still held at the reporting date		774	$	(1,863	)

Description of the Valuation Technique, Unobservable Input, and Qualitative Information about the Unobservable Inputs for the Company's Assets and Liabilities Classified as Level 3 and Measured at Fair Value on a Recurring Basis

The following table provides a description of the valuation technique, unobservable input, and qualitative information about the unobservable inputs for the Company's assets and liabilities classified as Level 3 and measured at fair value on a recurring basis at December 31, 2012: 

Financial Instrument	Valuation Technique	Unobservable Input	Weighted Average
Suboordinated Debt	Discounted cash flow	Discount Rate		7.01	%