10-Q/A

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

Amendment No.1 to
FORM 10-Q

(Mark One)

x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2012
or
o	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from _______________________ to _____________________

Commission file number 0-50055

SOMERSET HILLS BANCORP

(Exact name of Registrant as Specified in Its Charter)

NEW JERSEY
(State or other jurisdiction of incorporation or organization)

22-3768777
(I.R.S. Employer Identification Number)

155 MORRISTOWN ROAD
BERNARDSVILLE, NEW JERSEY 07924
(Address of Principal Executive Offices)

(908) 221-0100
(Issuer’s Telephone Number, including area code)

(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities and Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation SD-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes x           No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer or a smaller reporting company. See definition of large accelerated filer, accelerated filer and small reporting company in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer o Accelerated filer o Non-accelerated filer o Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

As of August 3, 2012 there were 5,324,703 shares of common stock, no par value, outstanding.

EXPLANATORY NOTE

The sole purpose of this Form 10-Q/A is to furnish the following materials from Somerset Hills Bancorp’s Quarterly Report on Form 10-Q for the period ended June 30, 2012, formatted in eXtensible Business Reporting Language (XBRL): (i) the Condensed Consolidated Statements of Income, (ii) the Condensed Consolidated Balance Sheets, (iii) the Condensed Consolidated Statements of Cash Flows, and (vi) Notes to Condensed Consolidated Financial Statements.

Users of this data are advised that pursuant to Rule 406T of Regulation S-T these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under those Sections.  No other changes have been made to the Form 10-Q other than those described above.  This Amendment No. 1 does not reflect subsequent events occurring after the original filing date of the Form 10-Q or modify or update in any way disclosures made in the Form 10-Q.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	SOMERSET HILLS BANCORP
Date: September 7, 2012			By: /s/ William S. Burns
		William S. Burns
		Executive Vice President and
		Chief Financial Officer

EXHIBIT INDEX

101	The following materials from Somerset Hills Bancorp’s Quarterly Report on Form 10-Q for the period ended June 30, 2012, formatted in eXtensible Business Reporting Language (XBRL): (i) the Condensed Consolidated Statements of Income, (ii) the Condensed Consolidated Balance Sheets, (iii) the Condensed Consolidated Statements of Cash Flows, and (vi) Notes to Condensed Consolidated Financial Statements.
101.INS**	XBRL Instance Document
101.SCH**	XBRL Taxonomy Extension Schema
101.CAL**	XBRL Taxonomy Extension Calculation Linkbase
101.DEF**	XBRL Taxonomy Extension Definition Linkbase
101.LAB**	XBRL Taxonomy Extension Label Linkbase
101.PRE**	XBRL Taxonomy Extension Presentation Linkbase

** Pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Section 11 or 12 of the Securities Act of 1933 or Section 18 of the Securities Exchange Act of 1934 and otherwise are not subject to liability.

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Loans (Schedule Of Loan Portfolio Summarized By The Past Due Status) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 days Past Due	$ 606
60 to 89 days Past Due	639	875
Greater than 90 Days past due	141	146
Total past due	1,386	1,021
Current	237,158	231,272
Total loans receivable	238,544	232,293
Commercial Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 days Past Due	122
60 to 89 days Past Due	114	259
Total past due	236	259
Current	29,779	31,947
Total loans receivable	30,015	32,206
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 days Past Due	442
60 to 89 days Past Due		468
Total past due	442	468
Current	124,695	112,680
Total loans receivable	125,137	113,148
Construction Land And Land Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	5,868	7,505
Total loans receivable	5,868	7,505
Consumer Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-59 days Past Due	42
60 to 89 days Past Due	525	148
Greater than 90 Days past due	141	146
Total past due	708	294
Current	38,910	41,780
Total loans receivable	39,618	42,074
Residential Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	37,906	37,360
Total loans receivable	$ 37,906	$ 37,360

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Loans (Narrative) (Details)	Jun. 30, 2012
Loans [Abstract]
Financing Receivable, Modifications, Number of Contracts	0

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Fair Value (Financial Assets Measured At Fair Value On A Recurring Basis) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Held-for-sale, Fair Value Disclosure	$ 2,181	$ 2,969
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans Held-for-sale, Fair Value Disclosure	2,181	2,969
U.S. Government and agencies [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Fair Value Disclosure	8,030	14,753
Mortgage-backed securities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Fair Value Disclosure	19,858	23,814
Collateralized Mortgage Obligations [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Fair Value Disclosure	1,762	2,734
Corporate bonds [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Fair Value Disclosure	$ 2,321	$ 2,278

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Loans (Schedule Of Allowance For Loan Losses And Recorded Investment In Financing Receivables) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	$ 3,089	$ 2,986	$ 3,089	$ 2,986
Allowance for Loan Losses, Charge-offs	(5)		(72)	(2)
Allowance for Loan Losses, Recoveries	3	3	14	8
Allowance for Loan Losses, Provision for loan losses	90	30	165	105
Allowance for Loan Losses, Ending Balance	3,001	2,953	2,982	2,875
Commercial Loan [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	470	163	470	163
Allowance for Loan Losses, Charge-offs			(67)
Allowance for Loan Losses, Recoveries	3	3	6	8
Allowance for Loan Losses, Provision for loan losses	11	(12)	9	(31)
Allowance for Loan Losses, Ending Balance	456	172	522	186
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	1,729	1,951	1,729	1,951
Allowance for Loan Losses, Recoveries			8
Allowance for Loan Losses, Provision for loan losses	101	21	179	130
Allowance for Loan Losses, Ending Balance	1,628	1,930	1,542	1,821
Construction Land And Land Development [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	95	100	95	100
Allowance for Loan Losses, Provision for loan losses	(11)	9	(27)	(2)
Allowance for Loan Losses, Ending Balance	106	91	122	102
Consumer Loan [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	529	479	529	479
Allowance for Loan Losses, Charge-offs	(5)		(5)	(2)
Allowance for Loan Losses, Provision for loan losses	8	(13)	3	(25)
Allowance for Loan Losses, Ending Balance	526	492	531	506
Residential Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	218	241	218	241
Allowance for Loan Losses, Provision for loan losses	(1)	11	3	36
Allowance for Loan Losses, Ending Balance	219	230	215	205
Unallocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for Loan Losses, Beginning Balance	48	52	48	52
Allowance for Loan Losses, Provision for loan losses	(18)	14	(2)	(3)
Allowance for Loan Losses, Ending Balance	$ 66	$ 38	$ 50	$ 55

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Loans (Schedule Of Nonperforming Assets) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Loans [Abstract]
Nonaccrual loans	$ 141	$ 146
Total non-performing loans	141	146
Total non-performing assets	141	146
Troubled debt restructured loans	$ 342	$ 344

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Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2012

Summary of Significant Accounting Poliices [Abstract]

Summary of Significant Accounting Policies

1. Summary of Significant Accounting Policies

a) Basis of Presentation

Somerset Hills Bancorp ("the Company") is a bank holding company, formed in January 2001 to own all the common stock of Somerset Hills Bank ("the Bank"), a New Jersey chartered commercial bank that opened for business in Bernardsville, Somerset County, New Jersey in December 1998. The only activity of Somerset Hills Bancorp is ownership of Somerset Hills Bank and its subsidiaries. At June 30, 2012, the Bank operated six banking offices: its main office, located in Somerset County, New Jersey, four branch offices in Morris County, New Jersey and one branch office in Union County, New Jersey. The Bank operates a licensed mortgage company subsidiary, Sullivan Financial Services, Inc. The Bank also operates a wealth management subsidiary, Somerset Hills Wealth Management, LLC. The Bank is also a 50% owner of Somerset Hills Title Group, LLC., a full service title agency based in Parsippany, New Jersey. During the first quarter of 2006 the Bank established a subsidiary to hold and manage a portion of the Bank's investment portfolio, Somerset Hills Investment Holdings Inc. During the second quarter of 2008 the Bank established a subsidiary to hold and manage foreclosed real estate properties the Bank may take title to, SOMH Holdings, LLC. The Company is subject to the supervision and regulation of the Board of Governors of the Federal Reserve System (the "FRB"). The Bank's deposits are insured by the Deposit Insurance Fund ("DIF") of the Federal Deposit Insurance Corporation ("FDIC") up to applicable limits. The operations of the Company and the Bank are subject to the supervision and regulation of the FRB, FDIC and the New Jersey Department of Banking and Insurance (the "Department"). The operations of Somerset Hills Wealth Management, LLC are subject to the supervision and regulation of the Department. The operations of Sullivan Financial Services are subject to the supervision and regulation by the U. S. Department of Housing and Urban Development (HUD), the Veterans Administration, the Department and the banking departments in New York, Pennsylvania and Florida.

The accompanying unaudited consolidated financial statements included herein have been prepared by the Company in accordance with U.S. generally accepted accounting principles and pursuant to the rules and regulations of the Securities and Exchange Commission and reflect all adjustments which, in the opinion of management, are considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. All adjustments made were of a normal and recurring nature. Operating results for the six months ended June 30, 2012 are not necessarily indicative of the results that may be expected for the year ended December 31, 2012. These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto, included in the Company's Annual Report on Form 10-K for the year ended December 31, 2011.

The current dividend payments are being made out of income earned during the period. On July 19, 2012, the Board of Directors of the Company declared a quarterly cash dividend of $0.08 per share payable August 31, 2012 to shareholders of record as of August 17, 2012. The Board will review the amount and frequency of the Company's cash dividends on an ongoing basis, based upon the Company's results of operations, capital needs and other appropriate factors.

b) Net Income Per Common Share

Basic earnings per share of common stock is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period plus the dilutive effect of potential common shares.

The following tables set forth the computations of basic and diluted earnings per share (dollars and share data in thousands, except per share amounts):

	Six Months Ended June 30, 2012						Six Months Ended June 30, 2011
	Income (Numerator)		Shares (Denominator)		Per Share Amount		Income (Numerator)		Shares (Denominator)		Per Share Amount
Basic earnings per share:
Net income applicable to common stockholders	$	1,721		5,334	$	0.32	$	1,254		5,442	$	0.23
Effect of dilutive securities:
Options		—		48				—		57
Diluted EPS:
Net income applicable to common stock holders and assumed conversions	$	1,721		5,382	$	0.32	$	1,254		5,499	$	0.23

	Three Months Ended June 30, 2012						Three Months Ended June 30, 2011
	Income (Numerator)		Shares (Denominator)		Per Share Amount		Income (Numerator)		Shares (Denominator)		Per Share Amount
Basic earnings per share:
Net income applicable to common stockholders	$	901		5,329	$	0.17	$	651		5,454	$	0.12
Effect of dilutive securities:
Options		—		41				—		60
Diluted EPS:
Net income applicable to common stock holders and assumed conversions	$	901		5,370	$	0.17	$	651		5,514	$	0.12

The tables above exclude options with exercise prices that exceed the average market price of the Company's common stock during the periods presented because such options would have an anti-dilutive effect on the diluted earnings per common share calculation. The number of anti-dilutive common stock options totaled 26,897 and 10,407 for the three months ended June 30, 2012 and 2011, respectively. The number of anti-dilutive common stock options totaled 21,842 and 12,909 for the six months ended June 30, 2012 and 2011, respectively.

c) Stock-Based Compensation

At the 2012 Annual Meeting the stockholders approved the adoption of the 2012 Equity Incentive Plan. The Company established the 2012 Equity Incentive Plan for directors, officers and employees of the Company. Up to 150,000 shares of common stock have been approved for grants of options and restricted stock under the Plan.

Stock Options:

For accounting purposes, the Company recognizes expense for common stock options awarded over the vesting period at the fair market value of the options on the date they are awarded.

The following table summarizes stock option activity.

	Number of Shares			Weighted average exercise price		Weighted average life		Aggregate intrinsic value (in thousands)
Outstanding at December 31, 2011		346,018		$	7.64
Granted		—			—
Exercised		(2,812	)		5.97
Forfeited		—			—
Outstanding at June 30, 2012		343,206		$	7.65		4.4 Years	$	447
Exercisable as of June 30, 2012.		251,247		$	7.34		2.8 Years	$	404

The total stock-based compensation expense for the first six months of 2012 and 2011 was approximately $25 thousand and $22 thousand, respectively. The total intrinsic value of common stock options exercised for the first six months of 2012 and 2011 was approximately $6 thousand and $99 thousand, respectively.

The per share weighted-average fair values of stock options granted during the first six months of 2011 was $1.96 on the date of grant using the Black Scholes option-pricing model with the following weighted-average assumptions for 2011: expected dividend yield of 2.44%, stock price volatility of 21.69%, risk-free interest rate of 2.84% and expected lives of 7 years. There were no stock options granted during the first six months of 2012.

Stock Awards:

For accounting purposes, the Company recognizes compensation expense for grants of restricted stock awarded under the Equity Incentive Plan over the vesting period at the fair market value of the shares on the date they are awarded. For share awards granted to date, the vesting period is four years with 25 percent of the award for each year vesting annually on May 23 of each year. As of June 30, 2012, 3,067 shares were vested. For the six month period ended June 30, 2012, the Company did not recognize any compensation expense related to the shares awarded. As of June 30, 2012 all share awards were vested and no additional costs related to previously granted shares are expected to be recognized.

d) Recent Accounting Pronouncements

Adoption of New Accounting Guidance

In May 2011, the FASB issued ASU No. 2011-04, "Fair Value Measurement (Topic 820) – Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs "which represents the convergence of the FASB's and the IASB's guidance on fair value measurement. ASU 2011-04 reflects the common requirements under U.S. GAAP and IFRS for measuring fair value and for disclosing information about fair value measurements, including a consistent meaning for the term "fair value." The new guidance does not extend the use of fair value but, rather, provides guidance about how fair value should be applied where it is already required or permitted under IFRS or U.S. GAAP. For U.S. GAAP, most of the changes are clarifications of existing guidance or wording changes to align with IFRS 13. A public company is required to apply the ASU prospectively for interim and annual periods beginning after December 15, 2011. The adoption of this ASU did not have a material impact on the Company's financial condition or results of operations.

In June 2011, the FASB issued ASU No. 2011-05, "Comprehensive Income (Topic 220) – Presentation of Comprehensive Income" the provisions of which allow an entity the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. Under both options, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. ASU 2011-05 eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity. ASU 2011-05 does not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. ASU 2011-05 should be applied retrospectively and is effective for public companies for fiscal years, and interim periods within those years, beginning after December 15, 2011. The adoption of this ASU did not have a material impact on the Company's financial condition or results of operations.

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Securities (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Estimated Fair Value, Held to Maturity, 12 Months or longer	$ 1,329		$ 759
Proceeds from Sale of Available-for-sale Securities	5,666	1,934
Available-for-sale Securities, Gross Realized Gains	161	20
Available-for-sale Securities, Gross Realized Losses		11
Available-for-sale Securities, Amortized Cost Basis	30,973		42,384
Minimum [Member] | Securities Pledged as Collateral [Member]
Available-for-sale Securities, Amortized Cost Basis	$ 986

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Fair Value (Schedule Of Off-Balance Sheet Financial Instruments) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and due from banks	$ 6,799	$ 4,588
Interest bearing deposits in banks	49,712	55,411
Investment securities held to maturity	9,560	10,738
Loans receivable, including deferred fees and costs	238,771	232,485
Demand, NOW, money market and savings	265,396	273,808
Certificates of deposit	38,090	40,906
Long-term Debt, Fair Value	7,500	7,500
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and due from banks	6,799	4,588
Interest bearing deposits in banks	49,712	55,411
Demand, NOW, money market and savings	265,396	273,808
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities held to maturity	10,849	10,849
Certificates of deposit	38,912	41,883
Long-term Debt, Fair Value	8,511	8,682
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, including deferred fees and costs	$ 241,635	$ 235,344

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Securities (Unrealized Gain (Loss) on Investments) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Schedule of Investments [Line Items]
Amortized Cost, Available for Sale	$ 30,973	$ 42,384
Amortized Cost, Held to Maturity	9,560	10,738
Gross Unrecognized Gains, Held to Maturity	419	412
Gross Unrealized Gains, Available for Sale	1,086	1,294
Gross Unrecognized Losses, Held to Maturity	(180)	(301)
Gross Unrealized Losses, Available for Sale	(88)	(99)
Fair Value, Held to Maturity	9,799	10,849
Fair Value, Available for Sale	31,971	43,579
State and municipal [Member]
Schedule of Investments [Line Items]
Amortized Cost, Held to Maturity	8,051	9,228
Gross Unrecognized Gains, Held to Maturity	419	412
Fair Value, Held to Maturity	8,470	9,640
U.S. Government and agencies [Member]
Schedule of Investments [Line Items]
Amortized Cost, Available for Sale	7,981	14,560
Gross Unrealized Gains, Available for Sale	49	198
Gross Unrealized Losses, Available for Sale		(5)
Fair Value, Available for Sale	8,030	14,753
Mortgage-backed securities [Member]
Schedule of Investments [Line Items]
Amortized Cost, Available for Sale	18,887	22,775
Gross Unrealized Gains, Available for Sale	971	1,039
Fair Value, Available for Sale	19,858	23,814
Collateralized Mortgage Obligations [Member]
Schedule of Investments [Line Items]
Amortized Cost, Available for Sale	1,720	2,677
Gross Unrealized Gains, Available for Sale	42	57
Fair Value, Available for Sale	1,762	2,734
Corporate bonds [Member]
Schedule of Investments [Line Items]
Amortized Cost, Available for Sale	2,385	2,372
Amortized Cost, Held to Maturity	1,509	1,510
Gross Unrealized Gains, Available for Sale	24
Gross Unrecognized Losses, Held to Maturity	(180)	(301)
Gross Unrealized Losses, Available for Sale	(88)	(94)
Fair Value, Held to Maturity	1,329	1,209
Fair Value, Available for Sale	$ 2,321	$ 2,278

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Securities (Investments Classified By Contractual Maturity Date) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Securities [Abstract]
Amortized Cost, Held to Maturity, Due in one to five years	$ 705
Amortized Cost, Held to Maturity, Due in five years to ten years	2,196
Amortized Cost, Held to Maturity, Due after ten years	6,659
Amortized Cost, Held to Maturity	9,560	10,738
Amortized Cost, Available for Sale, Due in one year or less	1,011
Amortized Cost, Available for Sale, Due in one year to five years	3,937
Amortized Cost, Available for Sale, Due in five years to ten years	1,448
Amortized Cost, Available for Sale, Due after ten years	3,970
Amortized Cost, Available for Sale, Mortgage Backed Securities and Collateralized Mortgage Obligations	20,607
Amortized Cost, Available for Sale	30,973	42,384
Fair Value, Held to Maturity, Due in one to five years	648
Fair Value, Held to Maturity, Due in five years to ten years	2,328
Fair Value, Held to Maturity, Due after ten years	6,823
Fair Value, Held to Maturity	9,799	10,849
Fair Value, Available for Sale, Due in one year or less	1,013
Fair Value, Available for Sale, Due in one year to five years	3,970
Fair Value, Available for Sale, Due in five years to ten years	1,374
Fair Value, Available for Sale, Due after ten years	3,994
Fair Value, Available for Sale, Mortgage Backed Securities and Collateralized Mortgage Obligations	21,620
Fair Value, Available for Sale	$ 31,971	$ 43,579

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
OPERATING ACTIVITIES
Net income	$ 1,721	$ 1,254
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	289	301
Provision for loan losses	165	105
Gain on sale of investment securities, net	(161)	(9)
Stock based compensation	25	22
Mortgage loans originated for sale	(45,820)	(27,937)
Proceeds from mortgage loan sales	47,229	27,533
Gain on sale of mortgage loans	(621)	(286)
Decrease (increase) in accrued interest receivable	76	(29)
Increase in Bank Owned Life Insurance	(111)	(143)
Increase in other assets	(414)	(305)
Increase (decrease) in other liabilities	147	(436)
Net cash provided by operating activities	2,525	70
INVESTING ACTIVITIES
Maturity and payments of investment securities held to maturity	1,175	1
Purchases of investment securities available for sale	(1,966)	(7,131)
Maturity and payments of investment securities available for sale	7,736	6,449
Proceeds from sale of investment securities available for sale	5,666	1,934
Increase in loans receivable	(6,344)	(15,108)
Purchases of premises and equipment	(81)	(14)
Net cash provided by (used in) investing activities	6,186	(13,869)
FINANCING ACTIVITIES
Net decrease in demand deposit and savings accounts	(8,412)	8,879
Net decrease in certificates of deposit	(2,816)	94
Proceeds from exercise of stock options	17	211
Common stock repurchased	(188)
Cash dividends paid common stock	(800)	(653)
Net cash used in financing activities	(12,199)	8,531
Net decrease in cash and cash equivalents	(3,488)	(5,268)
Cash and cash equivalents at beginning of period	59,999	57,566
Cash and cash equivalents at end of period	56,511	52,298
Supplemental information:
Cash paid during the year for: Interest	705	977
Cash paid during the year for: Income taxes	$ 988	$ 927

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Securities (Schedule of Unrealized Loss on Investments) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Schedule of Investments [Line Items]
Estimated Fair Value, Held to Maturity, Less than 12 months		$ 450
Estimated Fair Value, Available for Sale, Less than 12 months		4,362
Unrecognized Losses, Held to Maturity, Less than 12 months		62
Unrecognized Losses, Available for Sale, Less than 12 months		25
Estimated Fair Value, Held to Maturity, 12 Months or longer	1,329	759
Estimated Fair Value, Available for Sale, 12 Months or longer	912	926
Unrecognized Losses, Held to Maturity, 12 Months or Longer	180	239
Unrecognized Losses, Available for Sale, 12 Months or longer	88	74
Estimated Fair Value, Held to Maturity, Total	1,329	1,209
Estimated Fair Value, Available for Sale, Total	912	5,288
Unrecognized Losses, Held to Maturity, Total	180	301
Unrecognized Losses, Available for Sale, Total	88	99
Corporate bonds [Member]
Schedule of Investments [Line Items]
Estimated Fair Value, Held to Maturity, Less than 12 months		450
Estimated Fair Value, Available for Sale, Less than 12 months		1,352
Unrecognized Losses, Held to Maturity, Less than 12 months		62
Unrecognized Losses, Available for Sale, Less than 12 months		20
Estimated Fair Value, Held to Maturity, 12 Months or longer	1,329	759
Estimated Fair Value, Available for Sale, 12 Months or longer	912	926
Unrecognized Losses, Held to Maturity, 12 Months or Longer	180	239
Unrecognized Losses, Available for Sale, 12 Months or longer	88	74
Estimated Fair Value, Held to Maturity, Total	1,329	1,209
Estimated Fair Value, Available for Sale, Total	912	2,278
Unrecognized Losses, Held to Maturity, Total	180	301
Unrecognized Losses, Available for Sale, Total	88	94
U.S. Government and agencies [Member]
Schedule of Investments [Line Items]
Estimated Fair Value, Available for Sale, Less than 12 months		3,010
Unrecognized Losses, Available for Sale, Less than 12 months		5
Estimated Fair Value, Available for Sale, Total		3,010
Unrecognized Losses, Available for Sale, Total		$ 5

XML

Loans (Schedule Of The Classes Of The Loan Portfolio Summarized By The Aggregate Risk Rating) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	$ 238,544	$ 232,293
Pass [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	232,063	225,555
Special Mention [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	5,998	5,483
Substandard [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	483	1,255
Commercial Loan [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	30,015	32,206
Commercial Loan [Member] | Pass [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	27,946	29,215
Commercial Loan [Member] | Special Mention [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	2,069	2,991
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	125,137	113,148
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	122,339	110,500
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	2,456	1,539
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	342	1,109
Construction Land And Land Development [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	5,868	7,505
Construction Land And Land Development [Member] | Pass [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	5,868	7,505
Consumer Loan [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	39,618	42,074
Consumer Loan [Member] | Pass [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	38,809	41,780
Consumer Loan [Member] | Special Mention [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	668	148
Consumer Loan [Member] | Substandard [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	141	146
Residential Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	37,906	37,360
Residential Mortgage [Member] | Pass [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	37,101	36,555
Residential Mortgage [Member] | Special Mention [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans and Leases Receivable, Gross, Carrying Amount	$ 805	$ 805

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Consolidated Statements of Financial Condition (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
ASSETS
Cash and due from banks	$ 6,799	$ 4,588
Interest bearing deposits at other banks	49,712	55,411
Total cash and cash equivalents	56,511	59,999
Loans held for sale	2,181	2,969
Investment securities held to maturity (Estimated fair value of $9,799 in 2012 and $10,849 in 2011)	9,560	10,738
Investment securities available for sale	31,971	43,579
Loans receivable	238,771	232,485
Less: allowance for loan losses	(3,089)	(2,982)
Net loans receivable	235,682	229,503
Premises and equipment, net	4,927	4,996
Bank owned life insurance	8,111	8,000
Accrued interest receivable	1,092	1,168
Prepaid expenses	872	985
Other assets	2,615	2,088
Total assets	353,522	364,025
LIABILITIES
Deposits: Noninterest-bearing deposits-demand	77,153	80,532
Deposits: Interest bearing deposits-NOW, money market and savings	188,243	193,276
Deposits: Certificates of deposit, under $100,000	19,323	20,875
Deposits: Certificates of deposit, $100,000 and over	18,767	20,031
Total deposits	303,486	314,714
Federal Home Loan Bank advances	7,500	7,500
Other liabilities	1,522	1,442
Total liabilities	312,508	323,656
Commitments and contingencies
STOCKHOLDERS' EQUITY
Preferred stock - 1,000,000 shares authorized; none issued	0	0
Common Stock-authorized 9,000,000 shares of no par value; issued and outstanding, 5,324,703 shares in 2012 and 5,344,648 in 2011	36,826	36,972
Retained earnings	3,529	2,608
Accumulated other comprehensive income	659	789
Total stockholders' equity	41,014	40,369
Total liabilities and stockholders' equity	$ 353,522	$ 364,025

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Consolidated Statements of Changes in Stockholders' Equity (USD $) In Thousands, except Share data	Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss), Net of tax [Member]	Total
Balance at Dec. 31, 2010	$ 37,600	$ 1,145	$ 646	$ 39,391
Shares Balance at Dec. 31, 2010	5,421,924
Exercise of common stock options, net of tax benefit	211			211
Exercise of common stock options, net of tax benefit - Shares	34,371
Stock based compensation	22			22
Stock based compensation, shares	(979)
Net income for the period		1,254		1,254
Cash dividend paid common ($0.07 per share)		(653)		(653)
Other comprehensive income, net of taxes			124	124
Balance at Jun. 30, 2011	37,833	1,746	770	40,349
Shares Balance at Jun. 30, 2011	5,455,316
Balance at Dec. 31, 2011	36,972	2,608	789	40,369
Shares Balance at Dec. 31, 2011	5,344,648
Exercise of common stock options, net of tax benefit	17			17
Exercise of common stock options, net of tax benefit - Shares	2,812			2,812
Stock based compensation	25			25
Net income for the period		1,721		1,721
Cash dividend paid common ($0.07 per share)		(800)		(800)
Common stock repurchased	(188)			(188)
Common stock repurchased - Shares	22,757
Other comprehensive income, net of taxes			(130)	(130)
Balance at Jun. 30, 2012	$ 36,826	$ 3,529	$ 659	$ 41,014
Shares Balance at Jun. 30, 2012	5,324,703

XML

Loans (Schedule Of Impaired Loans By Class) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance, With no related allowance recorded		$ 765
Unpaid Principal Balance, With an allowance recorded	342	344
Unpaid Principal Balance, Total	342	1,109
Recorded Investment, With no related allowance recorded		768
Recorded Investment, With an allowance recorded	345	344
Recorded Investment, Total	345	1,112
Impaired Financing Receivable, Related Allowance	9	11
Consumer Loan [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Principal Balance, With no related allowance recorded	141	146
Unpaid Principal Balance, Total	141	146
Recorded Investment, With no related allowance recorded	141	146
Recorded Investment, Total	$ 141	$ 146

XML

Summary of Significant Accounting Policies (Schedule of Earnings Per Share, Basic and Diluted) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Summary of Significant Accounting Poliices [Abstract]
Net income	$ 901	$ 651	$ 1,721	$ 1,254
Basic earnings per share: Net income applicable to common stockholders, Shares (Demoninator)	5,329,000	5,454,000	5,334,000	5,442,000
Basic earnings per share: Net income applicable to common stockholders, Per share amount	$ 0.17	$ 0.12	$ 0.32	$ 0.23
Effect of dilutive seurities: Options, Shares (Denominator)	41,000	60,000	48,000	57,000
Diluted EPS: Net income applicable to common stock holders and assumed conversions, Income (Numerator)	$ 901	$ 651	$ 1,721	$ 1,254
Diluted EPS: Net income applicable to common stock holders and assumed conversions, Shares (Denominator)	5,370,000	5,514,000	5,382,000	5,499,000
Diluted EPS: Net income applicable to common stock holders and assumed conversions, Per share amount	$ 0.17	$ 0.12	$ 0.32	$ 0.23
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	26,897	10,407	21,842	12,909

XML

Loans (Schedule Of Average Investment In Impaired Loans) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Commercial Loan [Member]
Financing Receivable, Impaired [Line Items]
Average of individually impaired loans during period		$ 69		$ 141
Interest income recognized during impairment		1		4
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average of individually impaired loans during period	342	1,762	724	1,766
Interest income recognized during impairment	5	23	24	46
Consumer Loan [Member]
Financing Receivable, Impaired [Line Items]
Average of individually impaired loans during period	$ 141		$ 143

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Segment Reporting (Schedule Of Segment Reporting Information By Segment) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Segment Reporting Information [Line Items]
Interest income	$ 3,308	$ 3,376	$ 6,763	$ 6,702
Interest Expense	339	463	695	914
Provision for loan losses	90	30	165	105
Non-interest income	712	368	1,263	765
Non-interest expense including tax provision	2,690	2,600	5,445	5,194
Net income	901	651	1,721	1,254
Total assets	353,522	338,456	353,522	338,456	364,025
Banking [Member]
Segment Reporting Information [Line Items]
Interest income	3,289	3,364	6,726	6,675
Interest Expense	339	463	695	914
Provision for loan losses	90	30	165	105
Non-interest income	428	259	702	539
Non-interest expense including tax provision	2,458	2,444	4,982	4,869
Net income	830	686	1,586	1,326
Total assets	352,749	337,504	352,749	337,504
Mortgage Originations [Member]
Segment Reporting Information [Line Items]
Interest income	34	19	64	42
Interest Expense	15	7	27	15
Non-interest income	314	139	621	286
Non-interest expense including tax provision	262	186	523	385
Net income	71	(35)	135	(72)
Total assets	5,374	4,970	5,374	4,970
Intercompany Eliminations [Member]
Segment Reporting Information [Line Items]
Interest income	(15)	(7)	(27)	(15)
Interest Expense	(15)	(7)	(27)	(15)
Non-interest income	(30)	(30)	(60)	(60)
Non-interest expense including tax provision	(30)	(30)	(60)	(60)
Total assets	$ (4,601)	$ (4,018)	$ (4,601)	$ (4,018)

XML

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) (USD $)	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Consolidated Statements of Changes in Stockholders' Equity
cash dividend paid	$ 0.15	$ 0.12

XML

Consolidated Statements of Financial Condition (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Consolidated Statements of Financial Condition
Held-to-maturity Securities, Fair Value	$ 9,799	$ 10,849
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	0	0
Common Stock, Shares Authorized	9,000,000	9,000,000
Common Stock, No Par Value
Common Stock, Shares, Issued	5,324,703	5,344,648
Common Stock, Shares, Outstanding	5,324,703	5,344,648

XML

Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

Segment Information [Abstract]

Schedule Of Segment Reporting Information By Segment

The following table sets forth certain information about and the reconciliation of reported net income for each of the reportable segments for the three months ended June 30, 2012 (in thousands):

	The Bank and The Bancorp		Sullivan Financial Services, Inc.			Eliminating entries			Consolidated
Interest income	$	3,289	$	34		$	(15	)	$	3,308
Interest expense		339		15			(15	)		339
Provision for loan losses		90		—			—			90
Non-interest income		428		314			(30	)		712
Non-interest expense including tax provision		2,458		262			(30	)		2,690
Net income		830		71			—			901
Total assets	$	352,749	$	5,374		$	(4,601	)	$	353,522
The following table sets forth certain information about and the reconciliation of reported net income for each of the reportable segments for the three months ended June 30, 2011 (in thousands):
	The Bank and The Bancorp		Sullivan Financial Services, Inc.			Eliminating Entries			Consolidated
Interest income	$	3,364	$	19		$	(7	)	$	3,376
Interest expense		463		7			(7	)		463
Provision for loan losses		30		—			—			30
Non-interest income		259		139			(30	)		368
Non-interest expense including tax provision		2,444		186			(30	)		2,600
Net income (loss)		686		(35	)		—			651
Total assets	$	337,504	$	4,970		$	(4,018	)	$	338,456

The following table sets forth certain information about and the reconciliation of reported net income for each of the reportable segments for the six months ended June 30, 2012 (in thousands):

	The Bank and The Bancorp		Sullivan Financial Services, Inc.		Eliminating entries			Consolidated
Interest income	$	6,726	$	64	$	(27	)	$	6,763
Interest expense		695		27		(27	)		695
Provision for loan losses		165		—		—			165
Non-interest income		702		621		(60	)		1,263
Non-interest expense including tax provision		4,982		523		(60	)		5,445
Net income		1,586		135		—			1,721
Total assets	$	352,749	$	5,374	$	(4,601	)	$	353,522

The following table sets forth certain information about and the reconciliation of reported net income for each of the reportable segments for the six months ended June 30, 2011 (in thousands):

	The Bank and The Bancorp		Sullivan Financial Services, Inc.			Eliminating entries			Consolidated
Interest income	$	6,675	$	42		$	(15	)	$	6,702
Interest expense		914		15			(15	)		914
Provision for loan losses		105		—			—			105
Non-interest income		539		286			(60	)		765
Non-interest expense including tax provision		4,869		385			(60	)		5,194
Net income		1,326		(72	)		—			1,254
Total assets	$	337,504	$	4,970		$	(4,018	)	$	338,456

XML

Document and Entity Information	6 Months Ended
	Jun. 30, 2012	Aug. 03, 2012
Document and Entity Information
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2
Entity Registrant Name	SOMERSET HILLS BANCORP
Entity Central Index Key	0001189396
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,324,703

XML

Fair Value (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value [Abstract]

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

	Fair Value Measurements at June 30, 2012 Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets:
Available for sale securities
U.S. Government sponsored
Agency Securities		$	—		$	8,030		$	—
Mortgage Backed Securities - Residential			—			19,858			—
Collateralized Mortgage Obligations			—			1,762			—
Corporate debt securities			—			2,321			—
Loans held for sale			—			2,181			—

	Fair Value Measurements at December 31, 2011 Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets:
Available for sale securities
U.S. Government sponsored
Agency Securities		$	—		$	14,753		$	—
Mortgage Backed Securities – Residential			—			23,814			—
Collateralized Mortgage Obligations			—			2,734			—
Corporate debt securities			—			2,278			—
Loans held for sale			—			2,969			—

Schedule Of Fair Value Options For Loans Held For Sale [Table Text Block]

	June 30, 2012		December 31, 2011
Aggregate fair value	$	2,181	$	2,969
Contractual balance		2,131		2,928
Gain		50		41

Schedule Of Off-Balance Sheet Financial Instruments [Table Text Block]

The carrying amounts and estimated fair values of financial instruments not previously presented are summarized below at June 30, 2012 and December 31, 2011 (in thousands):

			Fair Value Measurements at June 30, 2012 Using
		Carrying Value	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Cash and due from banks	$	6,799		$	6,799		$	—		$	—
Interest bearing deposits		49,712			49,712			—			—
Investment securities held to maturity		9,560			—			10,849			—
Loans receivable, including deferred fees and costs		238,771			—			—			241,635
Demand, NOW, money market and savings		265,396			265,396			—			—
Certificates of deposit		38,090			—			38,912			—
Federal Home Loan Bank advances		7,500			—			8,511			—

			Fair Value Measurements at December 31, 2011 Using
		Carrying Value	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Cash and due from banks	$	4,588		$	4,588		$	—		$	—
Interest bearing deposits		55,411			55,411			—			—
Investment securities held to maturity		10,738			—			10,849			—
Loans receivable, including deferred fees and costs		232,485			—			—			235,344
Demand, NOW, money market and savings		273,808			273,808			—			—
Certificates of deposit		40,906			—			41,883			—
Federal Home Loan Bank advances		7,500			—			8,682			—

XML

Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
INTEREST INCOME
Loans, including fees	$ 2,951	$ 2,945	$ 5,977	$ 5,816
Investment securities	330	397	733	826
Interest bearing deposits with other banks	27	34	53	60
Total interest income	3,308	3,376	6,763	6,702
INTEREST EXPENSE
Deposits	273	371	564	730
Federal Home Loan Bank advances	66	92	131	184
Total interest expense	339	463	695	914
Net interest income	2,969	2,913	6,068	5,788
Provision for loan losses	90	30	165	105
Net interest income after provision for loan losses	2,879	2,883	5,903	5,683
NON-INTEREST INCOME
Service fees on deposit accounts	76	69	147	144
Gains on sales of mortgage loans, net	314	139	621	286
Bank owned life insurance	68	72	135	143
Gain on sales of investment securities, net	161	0	161	9
Other income	93	88	199	183
Total non-interest income	712	368	1,263	765
NON-INTEREST EXPENSE
Salaries and employee benefits	1,291	1,288	2,658	2,606
Occupancy expense	332	361	681	774
Advertising and business promotion	32	40	61	69
Stationery and supplies	35	38	80	81
Data processing	122	138	252	272
Other operating expense	378	413	775	830
Total non-interest expense	2,190	2,278	4,507	4,632
Income before income taxes	1,401	973	2,659	1,816
Provision for income taxes	500	322	938	562
Net income	$ 901	$ 651	$ 1,721	$ 1,254
Earnings per share:
Basic	$ 0.17	$ 0.12	$ 0.32	$ 0.23
Diluted	$ 0.17	$ 0.12	$ 0.32	$ 0.23

XML

Securities

6 Months Ended

Jun. 30, 2012

Securities [Abstract]

Securities

4. Securities

The amortized cost, gross unrealized gains and losses, and fair value of the Company's investment securities held to maturity and available for sale are as follows at June 30, 2012 (in thousands):

	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses			Estimated Fair Value
Held to Maturity
Obligations of US States and Political Subdivisions	$	8,051	$	419	$	—		$	8,470
Corporate debt securities		1,509		—		(180	)		1,329
Total held to maturity	$	9,560	$	419	$	(180	)	$	9,799
		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Available for Sale
U.S. Government Sponsored Agency Securities	$	7,981	$	49	$	—		$	8,030
Mortgage Backed Securities - Residential		18,887	$	971		—			19,858
Collateralized Mortgage Obligations		1,720		42		—			1,762
Corporate debt securities		2,385		24		(88	)		2,321
Total available for sale	$	30,973	$	1,086	$	(88	)	$	31,971

The amortized cost, gross unrealized gains and losses, and fair value of the Company's investment securities held to maturity and available for sale are as follows at December 31, 2011 (in thousands):

	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses			Estimated Fair Value
Held to Maturity
Obligations of US states and political subdivisions	$	9,228	$	412	$	-		$	9,640
Corporate debt securities		1,510		—		(301	)		1,209
Total held to maturity	$	10,738	$	412	$	(301	)	$	10,849
		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Available for Sale
U.S. Government sponsored agency securities	$	14,560	$	198	$	(5	)	$	14,753
Mortgage backed securities - residential		22,775		1,039		—			23,814
Collateralized mortgage obligations		2,677		57		—			2,734
Corporate debt securities		2,372		—		(94	)		2,278
Total available for sale	$	42,384	$	1,294	$	(99	)	$	43,579

The amortized cost and fair value of the Company's investment securities held to maturity and available for sale at June 30, 2012 by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties (in thousands).

June 30, 2012	Amortized Cost		Estimated Fair Value
Held to Maturity
Due in one year or less	$	—	$	—
Due in one to five years		705		648
Due in five years to ten years		2,196		2,328
Due after ten years		6,659		6,823
	$	9,560	$	9,799
Available for Sale
Due in one year or less	$	1,011	$	1,013
Due in one year to five years		3,937		3,970
Due in five years to ten years		1,448		1,374
Due after ten years		3,970		3,994
Mortgage backed securities and collateralized mortgage obligations		20,607		21,620
	$	30,973	$	31,971

Gross unrealized losses on securities and the estimated fair value of the related securities aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2012 are as follows:

													Less than 12 months				12 Months or longer				Total
Held to Maturity													Estimated Fair Value		Unrecog-nized Losses		Estimated Fair Value		Unrecog-nized Losses		Estimated Fair Value		Unrecog-nized Losses
Corporate debt securities													$	—	$	—	$	1,329	$	180	$	1,329	$	180
Total													$	—	$	—	$	1,329	$	180	$	1,329	$	180
	Less than 12 months				12 Months or longer				Total
Available for Sale	Estimated Fair Value		Unreal- ized Losses		Estimated Fair Value		Unreal- ized Losses		Estimated Fair Value		Unreal- ized Losses
Corporate debt securities	$	—	$	—	$	912	$	88	$	912	$	88
Total	$	—	$	—	$	912	$	88	$	912	$	88

Gross unrealized losses on securities and the estimated fair value of the related securities aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2011 are as follows:

		Less than 12 months						12 Months or longer						Total
Held to Maturity		Estimated Fair Value		Unrecog-nized Losses				Estimated Fair Value		Unrecog-nized Losses				Estimated Fair Value		Unrecog-nized Losses
Corporate debt securities		$	450	$		62		$	759	$		239		$	1,209	$	301
Total		$	450	$		62		$	759	$		239		$	1,209	$	301
Available for Sale	Estimated Fair Value				Unreal- ized Losses			Estimated Fair Value			Unreal- ized Losses			Estimated Fair Value		Unreal- ized Losses
U.S. Government sponsored agency securities	$		3,010		$		5	$	—		$		—	$	3,010	$	5
Corporate debt securities			1,352				20		926				74		2,278		94
Total	$		4,362		$		25	$	926		$		74	$	5,288	$	99

At June 30, 2012, there were $1.3 million in securities held to maturity with gross unrecognized losses that had been in a continuous unrealized loss position for twelve or more months. Unrealized losses on these securities have not been recognized into income because the issuer(s) bonds are investment grade, management does not intend to sell and it is not likely that management will be required to sell the securities prior to their anticipated recovery. The decline in fair value is largely a result of the securities of these issuers falling out of favor in the broader bond market. The fair value is expected to recover as the bond(s) approach maturity.

For the six months ended June 30, 2012 the gross proceeds on sale of investment securities was approximately $5.7 million. For the six months ended June 30, 2012 gross gains on sale of investment securities were $161 thousand.

For the six months ended June 30, 2011 the gross proceeds on sale of investment securities was approximately $1.9 million. For the six months ended June 30, 2011 gross gains on sale of investment securities were $20 thousand and gross losses on sale of investment securities were $11 thousand.

Securities with an amortized cost of $986 thousand were pledged to secure public funds on deposit at June 30, 2012.

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Fair Value

6 Months Ended

Jun. 30, 2012

Fair Value [Abstract]

Fair Value

3. Fair Value

ASC 820 establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:

Level 1: Quoted prices (unadjusted) of identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3: Significant unobservable inputs that reflect a reporting entity's own assumptions about the assumptions that market participants would use in pricing an asset or liability.

The fair values of securities available for sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities' relationship to other benchmark quoted securities (Level 2 inputs).

The fair value of loans held for sale is based upon binding quotes from 3^rd party investors (Level 2 inputs).

Assets Measured on a Recurring Basis

Assets measured at fair value on a recurring basis are summarized below at June 30, 2012 and December 31, 2011 (in thousands):

	Fair Value Measurements at June 30, 2012 Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets:
Available for sale securities
U.S. Government sponsored
Agency Securities		$	—		$	8,030		$	—
Mortgage Backed Securities - Residential			—			19,858			—
Collateralized Mortgage Obligations			—			1,762			—
Corporate debt securities			—			2,321			—
Loans held for sale			—			2,181			—

	Fair Value Measurements at December 31, 2011 Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets:
Available for sale securities
U.S. Government sponsored
Agency Securities		$	—		$	14,753		$	—
Mortgage Backed Securities – Residential			—			23,814			—
Collateralized Mortgage Obligations			—			2,734			—
Corporate debt securities			—			2,278			—
Loans held for sale			—			2,969			—

Assets Measured on a Non-Recurring Basis

There were no assets measured at fair value on a non-recurring basis at June 30, 2012 and December 31, 2011, respectively.

A loan is impaired when full payment under the loan terms is not expected. The fair value measurement for collateral dependent loans is based on the lesser of appraised value, broker opinion or projected list price of the property less estimated expenses for the disposal of the property which include taxes, commissions, first liens and legal fees. As of June 30, 2012 and December 31, 2011, there were no collateral dependent impaired loans for which there was a specific reserve.

The Company has elected the fair value option for loans held for sale. These loans are intended for sale and the Company believes that the fair value is the best indicator of the resolution of these loans. Interest income is recorded based on the contractual terms of the loan and in accordance with the Company's policy on loans held for investment. None of these loans are 90 days or more past due nor on nonaccrual as of June 30, 2012 and December 31, 2011. No impairment charges were recognized on loans held for sale for the period ending June 30, 2012 and December 31, 2011.

As of June 30, 2012 and December 31, 2011, the aggregate fair value, contractual balance (including accrued interest), and gain or loss was as follows (in thousands):

	June 30, 2012		December 31, 2011
Aggregate fair value	$	2,181	$	2,969
Contractual balance		2,131		2,928
Gain		50		41

Estimated fair values have been determined by the Company using the best available data and an estimation methodology suitable for each category of financial instrument. The estimation methodologies used, the estimated fair values, and recorded book balances at June 30, 2012 and December 31, 2011 are outlined below.

For cash and due from banks and interest bearing deposits, the recorded book value approximates fair value. The fair values of loans receivable are estimated based on a discounted cash flow analysis using interest rates currently offered for loans with similar terms to borrowers of similar credit quality. The estimated fair values of demand deposits (i.e., interest and non-interest bearing checking accounts, passbook savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). The carrying amounts of variable rate, fixed-term money market accounts, and certificates of deposit approximate their fair values at the reporting date. The fair values of fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies market interest rates to a schedule of aggregated expected monthly time deposit maturities. The fair value of fixed-rate Federal Home Loan Bank borrowings are estimated using a discounted cash flow calculation that applies interest rates currently being offered to a schedule of aggregated expected monthly Federal Home Loan borrowings maturities. The fair value of commitments to extend credit is estimated based on the amount of unamortized deferred loan commitment fees. The fair value of letters of credit is based on the amount of unearned fees plus the estimated costs to terminate the letters of credit. Fair values of unrecognized financial instruments including commitments to extend credit and the fair value of letters of credit are considered immaterial.

The carrying amounts and estimated fair values of financial instruments not previously presented are summarized below at June 30, 2012 and December 31, 2011 (in thousands):

			Fair Value Measurements at June 30, 2012 Using
		Carrying Value	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Cash and due from banks	$	6,799		$	6,799		$	—		$	—
Interest bearing deposits		49,712			49,712			—			—
Investment securities held to maturity		9,560			—			10,849			—
Loans receivable, including deferred fees and costs		238,771			—			—			241,635
Demand, NOW, money market and savings		265,396			265,396			—			—
Certificates of deposit		38,090			—			38,912			—
Federal Home Loan Bank advances		7,500			—			8,511			—

			Fair Value Measurements at December 31, 2011 Using
		Carrying Value	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Cash and due from banks	$	4,588		$	4,588		$	—		$	—
Interest bearing deposits		55,411			55,411			—			—
Investment securities held to maturity		10,738			—			10,849			—
Loans receivable, including deferred fees and costs		232,485			—			—			235,344
Demand, NOW, money market and savings		273,808			273,808			—			—
Certificates of deposit		40,906			—			41,883			—
Federal Home Loan Bank advances		7,500			—			8,682			—

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Summary of Significant Accounting Policies (Schedule Of Stock-Based Compensation) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	6 Months Ended
	Jun. 30, 2012
Summary of Significant Accounting Poliices [Abstract]
Number of Shares, Outstanding, Beginning Balance	346,018
Number Of Shares, Exercised	(2,812)
Number Of Shares, Outstanding, Ending Balance	343,206
Number of Shares, Exercisable, Ending Balance	251,247
Weighted average exercise price, Outstanding, Beginning Balance	$ 7.64
Weighted average exercise price, Exercised	$ 5.97
Weighted average exercise price, Outstanding, Ending Balance	$ 7.65
Weighted average exercise price, Exercisable, Ending Balance	$ 7.34
Weighted average life, Outstanding, Ending Balance	4 years 4 months 24 days
Weighted average life, Exercisable, Ending Balance	2 years 9 months 18 days
Aggregate intrinsic value, Outstanding, Ending Balance	$ 447
Aggregate intrinsic value, Exercisable, Ending Balance	$ 404

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Securities (Tables)

6 Months Ended

Jun. 30, 2012

Securities [Abstract]

Unrealized Gain (Loss) on Investments [Table Text Block]

The amortized cost, gross unrealized gains and losses, and fair value of the Company's investment securities held to maturity and available for sale are as follows at June 30, 2012 (in thousands):

	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses			Estimated Fair Value
Held to Maturity
Obligations of US States and Political Subdivisions	$	8,051	$	419	$	—		$	8,470
Corporate debt securities		1,509		—		(180	)		1,329
Total held to maturity	$	9,560	$	419	$	(180	)	$	9,799
		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Available for Sale
U.S. Government Sponsored Agency Securities	$	7,981	$	49	$	—		$	8,030
Mortgage Backed Securities - Residential		18,887	$	971		—			19,858
Collateralized Mortgage Obligations		1,720		42		—			1,762
Corporate debt securities		2,385		24		(88	)		2,321
Total available for sale	$	30,973	$	1,086	$	(88	)	$	31,971

The amortized cost, gross unrealized gains and losses, and fair value of the Company's investment securities held to maturity and available for sale are as follows at December 31, 2011 (in thousands):

	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses			Estimated Fair Value
Held to Maturity
Obligations of US states and political subdivisions	$	9,228	$	412	$	-		$	9,640
Corporate debt securities		1,510		—		(301	)		1,209
Total held to maturity	$	10,738	$	412	$	(301	)	$	10,849
		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Available for Sale
U.S. Government sponsored agency securities	$	14,560	$	198	$	(5	)	$	14,753
Mortgage backed securities - residential		22,775		1,039		—			23,814
Collateralized mortgage obligations		2,677		57		—			2,734
Corporate debt securities		2,372		—		(94	)		2,278
Total available for sale	$	42,384	$	1,294	$	(99	)	$	43,579

Investments Classified by Contractual Maturity Date [Table Text Block]

June 30, 2012	Amortized Cost		Estimated Fair Value
Held to Maturity
Due in one year or less	$	—	$	—
Due in one to five years		705		648
Due in five years to ten years		2,196		2,328
Due after ten years		6,659		6,823
	$	9,560	$	9,799
Available for Sale
Due in one year or less	$	1,011	$	1,013
Due in one year to five years		3,937		3,970
Due in five years to ten years		1,448		1,374
Due after ten years		3,970		3,994
Mortgage backed securities and collateralized mortgage obligations		20,607		21,620
	$	30,973	$	31,971

Schedule of Unrealized Loss on Investments [Table Text Block]

Gross unrealized losses on securities and the estimated fair value of the related securities aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2012 are as follows:

													Less than 12 months				12 Months or longer				Total
Held to Maturity													Estimated Fair Value		Unrecog-nized Losses		Estimated Fair Value		Unrecog-nized Losses		Estimated Fair Value		Unrecog-nized Losses
Corporate debt securities													$	—	$	—	$	1,329	$	180	$	1,329	$	180
Total													$	—	$	—	$	1,329	$	180	$	1,329	$	180
	Less than 12 months				12 Months or longer				Total
Available for Sale	Estimated Fair Value		Unreal- ized Losses		Estimated Fair Value		Unreal- ized Losses		Estimated Fair Value		Unreal- ized Losses
Corporate debt securities	$	—	$	—	$	912	$	88	$	912	$	88
Total	$	—	$	—	$	912	$	88	$	912	$	88

Gross unrealized losses on securities and the estimated fair value of the related securities aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2011 are as follows:

		Less than 12 months						12 Months or longer						Total
Held to Maturity		Estimated Fair Value		Unrecog-nized Losses				Estimated Fair Value		Unrecog-nized Losses				Estimated Fair Value		Unrecog-nized Losses
Corporate debt securities		$	450	$		62		$	759	$		239		$	1,209	$	301
Total		$	450	$		62		$	759	$		239		$	1,209	$	301
Available for Sale	Estimated Fair Value				Unreal- ized Losses			Estimated Fair Value			Unreal- ized Losses			Estimated Fair Value		Unreal- ized Losses
U.S. Government sponsored agency securities	$		3,010		$		5	$	—		$		—	$	3,010	$	5
Corporate debt securities			1,352				20		926				74		2,278		94
Total	$		4,362		$		25	$	926		$		74	$	5,288	$	99

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Segment Information (Policy)

6 Months Ended

Jun. 30, 2012

Segment Information [Abstract]

Segment Reporting, Policy [Policy Text Block]

The Company's mortgage operations are managed separately from the traditional banking and related financial services that the Company also offers. The mortgage company originates, predominantly for resale in the secondary market, conventional and non-conventional 1-4 family residential mortgages, Veterans Administration guaranteed mortgages, Department of Housing and Urban Development guaranteed mortgages and non-conventional programs, such as jumbo mortgages and a wide variety of adjustable products.

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Loans

6 Months Ended

Jun. 30, 2012

Loans [Abstract]

Loans

5. Loans

The following schedule presents the components of loans, net of unearned income, for each period presented:

	June 30, 2012						December 31, 2011
	Amount			Percent			Amount			Percent
	(Dollars In Thousands)
Commercial	$	30,015			12.6	%	$	32,206			13.9	%
Construction, land and land development		5,868			2.5			7,505			3.2
Commercial mortgages		125,137			52.4			113,148			48.7
Residential mortgages		37,906			15.9			37,360			16.1
Consumer		39,618			16.6			42,074			18.1
Gross loans		238,544			100.0	%		232,293			100.0	%
Net deferred costs		227						192
Total loans		238,771						232,485
Less: Allowance for loan losses		(3,089	)					(2,982	)
Net loans	$	235,682					$	229,503

The following table presents information about impaired loans by loan portfolio class as of June 30, 2012 and December 31, 2011 (in thousands):

June 30, 2012	Unpaid Principal Balance		Recorded Investment		Related Allowance
With no related allowance recorded:
Commercial	$	—	$	—	$	—
Commercial mortgage		—		—		—
Construction, land and land development		—		—		—
Consumer		141		141		—
Residential		—		—		—
With an allowance recorded:
Commercial		—		—		—
Commercial mortgage		342		345		9
Construction, land and land development		—		—		—
Consumer		—		—		—
Residential		—		—		—
Total:
Commercial		—		—		—
Commercial mortgage		342		345		9
Construction, land and land development		—		—		—
Consumer		141		141		—
Residential		—		—		—

December 31, 2011	Unpaid Principal Balance		Recorded Investment		Related Allowance
With no related allowance recorded:
Commercial	$	—	$	—	$	—
Commercial mortgage		765		768		—
Construction, land and land development		—		—		—
Consumer		146		146		—
Residential		—		—		—
With an allowance recorded:
Commercial		—		—		—
Commercial mortgage		344		344		11
Construction, land and land development		—		—		—
Consumer		—		—		—
Residential		—		—		—
Total:
Commercial		—		—		—
Commercial mortgage		1,109		1,112		11
Construction, land and land development		—		—		—
Consumer		146		146		—
Residential		—		—		—

	Three months ended
	June 30, 2012		June 30, 2011
Average of individually impaired loans during period:
Commercial	$	—	$	69
Commercial mortgage		342		1,762
Construction, land and land development		—		—
Consumer		141		—
Residential		—		—

Interest income recognized during impairment:
Commercial	$	—	$	1
Commercial mortgage		5		23
Construction, land and land development		—		—
Consumer		—		—
Residential		—		—

	Six months ended
	June 30, 2012		June 30, 2011
Average of individually impaired loans during period:
Commercial	$	—	$	141
Commercial mortgage		724		1,766
Construction, land and land development		—		—
Consumer		143		—
Residential		—		—

Interest income recognized during impairment:
Commercial	$	—	$	4
Commercial mortgage		24		46
Construction, land and land development		—		—
Consumer		—		—
Residential		—		—

There was no cash-basis interest income recognized on any loans for the three months ended June 30, 2012 and 2011, respectively.

The outstanding balances of non-accrual loans, loans past due 90 days and still accruing, other real estate owned, and troubled debt restructured loans as of June 30, 2012 and December 31, 2011 were as follows (in thousands):

	June 30, 2012		December 31, 2011
Nonaccrual loans	$	141	$	146
Loans past due 90 days and still accruing		—		—
Total non-performing loans		141		146
OREO		—		—
Total non-performing assets	$	141	$	146
Troubled debt restructured loans	$	342	$	344

The following table presents loans receivable on nonaccrual status by loan portfolio class as of June 30, 2012 and December 31, 2011 (in thousands):

Nonaccrual loans	June 30, 2012		December 31, 2012
Commercial	$	—	$	—
Commercial mortgage		—		—
Construction, land and land development		—		—
Consumer		141		146
Residential		—		—
Total	$	141	$	146

The balance of troubled debt restructured loans at June 30, 2012 and December 31, 2011 is represented by one credit that is currently performing under its restructured terms and for which the Company has no commitment to lend additional funds. Troubled debt restructured loans include one or more of the following contractual modifications: a reduction of the stated interest rate on the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; or a permanent reduction in the recorded investment in the loan. During both the three and six months ended June 30, 2012 there were no new loans modified as troubled debt restructurings. The Company's one troubled debt restructured loan did not have any payment defaults.

The following table presents past due and current loans, including nonaccrual and restructured loans, by the loan portfolio class as of June 30, 2012 and December 31, 2011 (in thousands):

June 30, 2012	30-59 days past due		60-89 days past due		Greater than 90 Days past due		Total past due		Current		Total loans receivable		Loans past due 90 days and still accruing
Commercial	$	122	$	114	$	—	$	236	$	29,779	$	30,015	$	—
Commercial mortgage		442		—		—		442		124,695		125,137		—
Construction, land and land development		—		—		—		—		5,868		5,868		—
Consumer		42		525		141		708		38,910		39,618		—
Residential		—		—		—		—		37,906		37,906		—
Total	$	606	$	639	$	141	$	1,386	$	237,158	$	238,544	$	—
December 31, 2011
Commercial	$	—	$	259	$	—	$	259	$	31,947	$	32,206	$	—
Commercial mortgage		—		468		—		468		112,680		113,148		—
Construction, land and land development		—		—		—		—		7,505		7,505		—
Consumer		—		148		146		294		41,780		42,074		—
Residential		—		—		—		—		37,360		37,360		—
Total	$	—	$	875	$	146	$	1,021	$	231,272	$	232,293	$	—

The Company categorizes loans into risk categories based on relevant information about the quality and realizable value of collateral, if any, and the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed whenever a credit is extended, renewed or modified, or when an observable event occurs indicating a potential decline in credit quality, and no less than annually for large balance loans. The Company uses the following definitions for risk ratings:

Special Mention - Loans classified as special mention have a potential weakness that deserves management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Company's credit position at some future date.

Substandard - Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor, or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the repayment and liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Normal payment from the borrower is in jeopardy, although loss of principal, while still possible, is not imminent.

Doubtful - Loans classified as doubtful have all the weaknesses inherent in those classified as Substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable.

The following table presents the risk category of loans by class of loans based on the most recent analysis performed as of June 30, 2012 and December 31, 2011 (in thousands). Each balance in the table below represents unpaid principal balance, which approximates recorded investment:

June 30, 2012
Credit risk profile by internally assigned grades	Pass		Special Mention		Substandard		Doubtful		Total
Commercial	$	27,946	$	2,069	$	—	$	—	$	30,015
Commercial mortgage		122,339		2,456		342		—		125,137
Construction, land and land development		5,868		—		—		—		5,868
Consumer		38,809		668		141		—		39,618
Residential		37,101		805		—		—		37,906
Total	$	232,063	$	5,998	$	483	$	—	$	238,544
December 31, 2011
Credit risk profile by internally assigned grades	Pass		Special Mention		Substandard		Doubtful		Total
Commercial	$	29,215	$	2,991	$	—	$	—	$	32,206
Commercial mortgage		110,500		1,539		1,109		—		113,148
Construction, land and land development		7,505		—		—		—		7,505
Consumer		41,780		148		146		—		42,074
Residential		36,555		805		—		—		37,360
Total	$	225,555	$	5,483	$	1,255	$	—	$	232,293

 

The following tables represent the allocation of allowance for loan losses and the related loans by loan portfolio segment disaggregated based on the impairment methodology at June 30, 2012 and December 31, 2011.

June 30, 2012
(in thousands)	Commercial		Commercial Mortgage		Construction, Land and Land Development		Consumer		Residential		Unallocated		Total
Allowance for Loan Losses:
Individually evaluated for impairment	$	—	$	9	$	—	$	—	$	—	$	—	$	9
Collectively evaluated for impairment		470		1,720		95		529		218		48		3,080
Total	$	470	$	1,729	$	95	$	529	$	218	$	48	$	3,089
Loans Receivable
Individually evaluated for impairment	$	—	$	342	$	—	$	141	$	—			$	483
Collectively evaluated for impairment		30,015		124,795		5,868		39,477		37,906				238,061
Total	$	30,015	$	125,137	$	5,868	$	39,618	$	37,906			$	238,544

December 31, 2011
(in thousands)	Commercial		Commercial Mortgage		Construction, Land and Land Development		Consumer		Residential		Unallocated		Total
Allowance for Loan Losses:
Individually evaluated for impairment	$	—	$	11	$	—	$	—	$	—	$	—	$	11
Collectively evaluated for impairment		522		1,531		122		531		215		50		2,971
Total	$	522	$	1,542	$	122	$	531	$	215	$	50	$	2,982
Loans Receivable
Individually evaluated for impairment	$	—	$	1,109	$	—	$	146	$	—			$	1,255
Collectively evaluated for impairment		32,206		112,039		7,505		41,928		37,360				231,038
Total	$	32,206	$	113,148	$	7,505	$	42,074	$	37,360			$	232,293

The following tables present activity in the Company's allowance for loan losses by class of loans (in thousands):

	Commercial			Commercial Mortgage		Construction, Land and Land Development			Consumer			Residential		Unallocated			Total
Balance January 1, 2012	$	522		$	1,542	$	122		$	531		$	215	$	50		$	2,982
Charge-offs		(67	)		—		—			(5	)		—		—			(72	)
Recoveries		6			8		—			—			—		—			14
Provision for loan losses		9			179		(27	)		3			3		(2	)		165
Balance, June 30, 2012	$	470		$	1,729	$	95		$	529		$	218	$	48		$	3,089
Balance January 1, 2011	$	186		$	1,821	$	102		$	506		$	205	$	55		$	2,875
Charge-offs		—			—		—			(2	)		—		—			(2	)
Recoveries		8			—		—			—			—		—			8
Provision for loan losses		(31	)		130		(2	)		(25	)		36		(3	)		105
Balance, June 30, 2011	$	163		$	1,951	$	100		$	479		$	241	$	52		$	2,986

Balance April 1, 2012	$	456	$	1,628	$	106		$	526		$	219		$	66		$	3,001
Charge-offs		—		—		—			(5	)		—			—			(5	)
Recoveries		3		—		—			—			—			—			3
Provision for loan losses		11		101		(11	)		8			(1	)		(18	)		90
Balance, June 30, 2012	$	470	$	1,729	$	95		$	529		$	218		$	48		$	3,089

Balance April 1, 2011	$	172		$	1,930	$	91	$	492		$	230	$	38	$	2,953
Charge-offs		—			—		—		—			—		—
Recoveries		3			—		—		—			—		—		3
Provision for loan losses		(12	)		21		9		(13	)		11		14		30
Balance, June 30, 2011	$	163		$	1,951	$	100	$	479		$	241	$	52	$	2,986

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Summary of Significant Accounting Policies (Policy)

6 Months Ended

Jun. 30, 2012

Summary of Significant Accounting Poliices [Abstract]

Basis of Presentation

a) Basis of Presentation

Somerset Hills Bancorp ("the Company") is a bank holding company, formed in January 2001 to own all the common stock of Somerset Hills Bank ("the Bank"), a New Jersey chartered commercial bank that opened for business in Bernardsville, Somerset County, New Jersey in December 1998. The only activity of Somerset Hills Bancorp is ownership of Somerset Hills Bank and its subsidiaries. At June 30, 2012, the Bank operated six banking offices: its main office, located in Somerset County, New Jersey, four branch offices in Morris County, New Jersey and one branch office in Union County, New Jersey. The Bank operates a licensed mortgage company subsidiary, Sullivan Financial Services, Inc. The Bank also operates a wealth management subsidiary, Somerset Hills Wealth Management, LLC. The Bank is also a 50% owner of Somerset Hills Title Group, LLC., a full service title agency based in Parsippany, New Jersey. During the first quarter of 2006 the Bank established a subsidiary to hold and manage a portion of the Bank's investment portfolio, Somerset Hills Investment Holdings Inc. During the second quarter of 2008 the Bank established a subsidiary to hold and manage foreclosed real estate properties the Bank may take title to, SOMH Holdings, LLC. The Company is subject to the supervision and regulation of the Board of Governors of the Federal Reserve System (the "FRB"). The Bank's deposits are insured by the Deposit Insurance Fund ("DIF") of the Federal Deposit Insurance Corporation ("FDIC") up to applicable limits. The operations of the Company and the Bank are subject to the supervision and regulation of the FRB, FDIC and the New Jersey Department of Banking and Insurance (the "Department"). The operations of Somerset Hills Wealth Management, LLC are subject to the supervision and regulation of the Department. The operations of Sullivan Financial Services are subject to the supervision and regulation by the U. S. Department of Housing and Urban Development (HUD), the Veterans Administration, the Department and the banking departments in New York, Pennsylvania and Florida.

The accompanying unaudited consolidated financial statements included herein have been prepared by the Company in accordance with U.S. generally accepted accounting principles and pursuant to the rules and regulations of the Securities and Exchange Commission and reflect all adjustments which, in the opinion of management, are considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. All adjustments made were of a normal and recurring nature. Operating results for the six months ended June 30, 2012 are not necessarily indicative of the results that may be expected for the year ended December 31, 2012. These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto, included in the Company's Annual Report on Form 10-K for the year ended December 31, 2011.

The current dividend payments are being made out of income earned during the period. On July 19, 2012, the Board of Directors of the Company declared a quarterly cash dividend of $0.08 per share payable August 31, 2012 to shareholders of record as of August 17, 2012. The Board will review the amount and frequency of the Company's cash dividends on an ongoing basis, based upon the Company's results of operations, capital needs and other appropriate factors.

Net Income Per Common Share

b) Net Income Per Common Share

Basic earnings per share of common stock is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period plus the dilutive effect of potential common shares.

The following tables set forth the computations of basic and diluted earnings per share (dollars and share data in thousands, except per share amounts):

	Six Months Ended June 30, 2012						Six Months Ended June 30, 2011
	Income (Numerator)		Shares (Denominator)		Per Share Amount		Income (Numerator)		Shares (Denominator)		Per Share Amount
Basic earnings per share:
Net income applicable to common stockholders	$	1,721		5,334	$	0.32	$	1,254		5,442	$	0.23
Effect of dilutive securities:
Options		—		48				—		57
Diluted EPS:
Net income applicable to common stock holders and assumed conversions	$	1,721		5,382	$	0.32	$	1,254		5,499	$	0.23

	Three Months Ended June 30, 2012						Three Months Ended June 30, 2011
	Income (Numerator)		Shares (Denominator)		Per Share Amount		Income (Numerator)		Shares (Denominator)		Per Share Amount
Basic earnings per share:
Net income applicable to common stockholders	$	901		5,329	$	0.17	$	651		5,454	$	0.12
Effect of dilutive securities:
Options		—		41				—		60
Diluted EPS:
Net income applicable to common stock holders and assumed conversions	$	901		5,370	$	0.17	$	651		5,514	$	0.12

The tables above exclude options with exercise prices that exceed the average market price of the Company's common stock during the periods presented because such options would have an anti-dilutive effect on the diluted earnings per common share calculation. The number of anti-dilutive common stock options totaled 26,897 and 10,407 for the three months ended June 30, 2012 and 2011, respectively. The number of anti-dilutive common stock options totaled 21,842 and 12,909 for the six months ended June 30, 2012 and 2011, respectively.

Share-based Compensation

c) Stock-Based Compensation

At the 2012 Annual Meeting the stockholders approved the adoption of the 2012 Equity Incentive Plan. The Company established the 2012 Equity Incentive Plan for directors, officers and employees of the Company. Up to 150,000 shares of common stock have been approved for grants of options and restricted stock under the Plan.

Stock Options:

For accounting purposes, the Company recognizes expense for common stock options awarded over the vesting period at the fair market value of the options on the date they are awarded.

The following table summarizes stock option activity.

	Number of Shares			Weighted average exercise price		Weighted average life		Aggregate intrinsic value (in thousands)
Outstanding at December 31, 2011		346,018		$	7.64
Granted		—			—
Exercised		(2,812	)		5.97
Forfeited		—			—
Outstanding at June 30, 2012		343,206		$	7.65		4.4 Years	$	447
Exercisable as of June 30, 2012.		251,247		$	7.34		2.8 Years	$	404

The total stock-based compensation expense for the first six months of 2012 and 2011 was approximately $25 thousand and $22 thousand, respectively. The total intrinsic value of common stock options exercised for the first six months of 2012 and 2011 was approximately $6 thousand and $99 thousand, respectively.

The per share weighted-average fair values of stock options granted during the first six months of 2011 was $1.96 on the date of grant using the Black Scholes option-pricing model with the following weighted-average assumptions for 2011: expected dividend yield of 2.44%, stock price volatility of 21.69%, risk-free interest rate of 2.84% and expected lives of 7 years. There were no stock options granted during the first six months of 2012.

Stock Awards:

For accounting purposes, the Company recognizes compensation expense for grants of restricted stock awarded under the Equity Incentive Plan over the vesting period at the fair market value of the shares on the date they are awarded. For share awards granted to date, the vesting period is four years with 25 percent of the award for each year vesting annually on May 23 of each year. As of June 30, 2012, 3,067 shares were vested. For the six month period ended June 30, 2012, the Company did not recognize any compensation expense related to the shares awarded. As of June 30, 2012 all share awards were vested and no additional costs related to previously granted shares are expected to be recognized.

New Accounting Pronouncements

d) Recent Accounting Pronouncements

Adoption of New Accounting Guidance

In May 2011, the FASB issued ASU No. 2011-04, "Fair Value Measurement (Topic 820) – Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs "which represents the convergence of the FASB's and the IASB's guidance on fair value measurement. ASU 2011-04 reflects the common requirements under U.S. GAAP and IFRS for measuring fair value and for disclosing information about fair value measurements, including a consistent meaning for the term "fair value." The new guidance does not extend the use of fair value but, rather, provides guidance about how fair value should be applied where it is already required or permitted under IFRS or U.S. GAAP. For U.S. GAAP, most of the changes are clarifications of existing guidance or wording changes to align with IFRS 13. A public company is required to apply the ASU prospectively for interim and annual periods beginning after December 15, 2011. The adoption of this ASU did not have a material impact on the Company's financial condition or results of operations.

In June 2011, the FASB issued ASU No. 2011-05, "Comprehensive Income (Topic 220) – Presentation of Comprehensive Income" the provisions of which allow an entity the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. Under both options, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. ASU 2011-05 eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity. ASU 2011-05 does not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. ASU 2011-05 should be applied retrospectively and is effective for public companies for fiscal years, and interim periods within those years, beginning after December 15, 2011. The adoption of this ASU did not have a material impact on the Company's financial condition or results of operations.

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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2012

Summary of Significant Accounting Poliices [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

	Six Months Ended June 30, 2012						Six Months Ended June 30, 2011
	Income (Numerator)		Shares (Denominator)		Per Share Amount		Income (Numerator)		Shares (Denominator)		Per Share Amount
Basic earnings per share:
Net income applicable to common stockholders	$	1,721		5,334	$	0.32	$	1,254		5,442	$	0.23
Effect of dilutive securities:
Options		—		48				—		57
Diluted EPS:
Net income applicable to common stock holders and assumed conversions	$	1,721		5,382	$	0.32	$	1,254		5,499	$	0.23

	Three Months Ended June 30, 2012						Three Months Ended June 30, 2011
	Income (Numerator)		Shares (Denominator)		Per Share Amount		Income (Numerator)		Shares (Denominator)		Per Share Amount
Basic earnings per share:
Net income applicable to common stockholders	$	901		5,329	$	0.17	$	651		5,454	$	0.12
Effect of dilutive securities:
Options		—		41				—		60
Diluted EPS:
Net income applicable to common stock holders and assumed conversions	$	901		5,370	$	0.17	$	651		5,514	$	0.12

Schedule of Stock-Based Compensation

	Number of Shares			Weighted average exercise price		Weighted average life		Aggregate intrinsic value (in thousands)
Outstanding at December 31, 2011		346,018		$	7.64
Granted		—			—
Exercised		(2,812	)		5.97
Forfeited		—			—
Outstanding at June 30, 2012		343,206		$	7.65		4.4 Years	$	447
Exercisable as of June 30, 2012.		251,247		$	7.34		2.8 Years	$	404

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Loans (Schedule Of Loan Balances) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Amount	$ 238,544		$ 232,293
Net deferred costs	227		192
Loans receivable	238,771		232,485
Less: allowance for loan losses	(3,089)	(3,001)	(2,982)	(2,986)	(2,953)	(2,875)
Net loans	235,682		229,503
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Amount	30,015		32,206
Less: allowance for loan losses	(470)	(456)	(522)	(163)	(172)	(186)
Loans, Percent	12.60%		13.90%
Construction Land And Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Amount	5,868		7,505
Less: allowance for loan losses	(95)	(106)	(122)	(100)	(91)	(102)
Loans, Percent	2.50%		3.20%
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Amount	125,137		113,148
Less: allowance for loan losses	(1,729)	(1,628)	(1,542)	(1,951)	(1,930)	(1,821)
Loans, Percent	52.40%		48.70%
Residential Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Amount	37,906		37,360
Less: allowance for loan losses	(218)	(219)	(215)	(241)	(230)	(205)
Loans, Percent	15.90%		16.10%
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Amount	39,618		42,074
Less: allowance for loan losses	$ (529)	$ (526)	$ (531)	$ (479)	$ (492)	$ (506)
Loans, Percent	16.60%		18.10%

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Summary of Significant Accounting Policies (Narrative) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Summary of Significant Accounting Poliices [Abstract]
Equity Method Investment, Ownership Percentage	50.00%		50.00%
Common Stock, Dividends, Per Share, Declared			$ 0.08
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	26,897	10,407	21,842	12,909
Stock Issued During Period, Value, Share-based Compensation			$ 25	$ 22
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value			$ 6	$ 99
Per share weighted-average fair values of stock options granted				$ 1.96
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate				2.44%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate				21.69%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate				2.84%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term, Simplified Method				7
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			0
Shares Of Common Stock Approved For Grants Of Options And Restricted Shares	150,000		150,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			4 years
Annual vesting percentage	25.00%		25.00%
Shares vested	3,067		3,067

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Fair Value (Financial Assetes Measured At Fair Value On A Nonrecurring Basis (Details) (Fair Value, Measurements, Nonrecurring [Member], USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2012	Dec. 31, 2011
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 0	$ 0
Loans and Leases Receivable, Collateral for Secured Borrowings	0	0
Asset Impairment Charges	$ 0	$ 0

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Loans (Schedule Of Allocation Of Allowance For Loan Losses) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	$ 9		$ 11
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	3,080		2,971
Allowance for Loan Losses, Total	3,089	3,001	2,982	2,986	2,953	2,875
Financing Receivable, Individually Evaluated for Impairment	483		1,255
Financing Receivable, Collectively Evaluated for Impairment	238,061		231,038
Total loans receivable	238,544		232,293
Commercial Loan [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	470		522
Allowance for Loan Losses, Total	470	456	522	163	172	186
Financing Receivable, Collectively Evaluated for Impairment	30,015		32,206
Total loans receivable	30,015		32,206
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	9		11
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	1,720		1,531
Allowance for Loan Losses, Total	1,729	1,628	1,542	1,951	1,930	1,821
Financing Receivable, Individually Evaluated for Impairment	342		1,109
Financing Receivable, Collectively Evaluated for Impairment	124,795		112,039
Total loans receivable	125,137		113,148
Construction Land And Land Development [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	95		122
Allowance for Loan Losses, Total	95	106	122	100	91	102
Financing Receivable, Collectively Evaluated for Impairment	5,868		7,505
Total loans receivable	5,868		7,505
Consumer Loan [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	529		531
Allowance for Loan Losses, Total	529	526	531	479	492	506
Financing Receivable, Individually Evaluated for Impairment	141		146
Financing Receivable, Collectively Evaluated for Impairment	39,477		41,928
Total loans receivable	39,618		42,074
Residential Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	218		215
Allowance for Loan Losses, Total	218	219	215	241	230	205
Financing Receivable, Collectively Evaluated for Impairment	37,906		37,360
Total loans receivable	37,906		37,360
Unallocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	48		50
Allowance for Loan Losses, Total	$ 48	$ 66	$ 50	$ 52	$ 38	$ 55

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Consolidated Statements Of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Consolidated Statements Of Comprehensive Income
Net income	$ 901	$ 651	$ 1,721	$ 1,254
Unrealized holding gains and losses available for sale: Net gains (losses) arising during period	(127)	265	(36)	196
Reclassification adjustment for losses (gains) in realized income	(161)	0	(161)	(9)
Net change in unrealized gains (losses)	(288)	265	(197)	187
Tax Effect	98	(89)	67	(63)
Other comprehensive income (loss)	(190)	176	(130)	124
Other comprehensive income, net of taxes	(190)	176	(130)	124
Comprehensive income	$ 711	$ 827	$ 1,591	$ 1,378

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Segment Information

6 Months Ended

Jun. 30, 2012

Segment Information [Abstract]

Segment Information

2. Segment Information

The Company's mortgage operations are managed separately from the traditional banking and related financial services that the Company also offers. The mortgage company originates, predominantly for resale in the secondary market, conventional and non-conventional 1-4 family residential mortgages, Veterans Administration guaranteed mortgages, Department of Housing and Urban Development guaranteed mortgages and non-conventional programs, such as jumbo mortgages and a wide variety of adjustable products.

The following table sets forth certain information about and the reconciliation of reported net income for each of the reportable segments for the three months ended June 30, 2012 (in thousands):

	The Bank and The Bancorp		Sullivan Financial Services, Inc.			Eliminating entries			Consolidated
Interest income	$	3,289	$	34		$	(15	)	$	3,308
Interest expense		339		15			(15	)		339
Provision for loan losses		90		—			—			90
Non-interest income		428		314			(30	)		712
Non-interest expense including tax provision		2,458		262			(30	)		2,690
Net income		830		71			—			901
Total assets	$	352,749	$	5,374		$	(4,601	)	$	353,522
The following table sets forth certain information about and the reconciliation of reported net income for each of the reportable segments for the three months ended June 30, 2011 (in thousands):
	The Bank and The Bancorp		Sullivan Financial Services, Inc.			Eliminating Entries			Consolidated
Interest income	$	3,364	$	19		$	(7	)	$	3,376
Interest expense		463		7			(7	)		463
Provision for loan losses		30		—			—			30
Non-interest income		259		139			(30	)		368
Non-interest expense including tax provision		2,444		186			(30	)		2,600
Net income (loss)		686		(35	)		—			651
Total assets	$	337,504	$	4,970		$	(4,018	)	$	338,456

The following table sets forth certain information about and the reconciliation of reported net income for each of the reportable segments for the six months ended June 30, 2012 (in thousands):

	The Bank and The Bancorp		Sullivan Financial Services, Inc.		Eliminating entries			Consolidated
Interest income	$	6,726	$	64	$	(27	)	$	6,763
Interest expense		695		27		(27	)		695
Provision for loan losses		165		—		—			165
Non-interest income		702		621		(60	)		1,263
Non-interest expense including tax provision		4,982		523		(60	)		5,445
Net income		1,586		135		—			1,721
Total assets	$	352,749	$	5,374	$	(4,601	)	$	353,522

The following table sets forth certain information about and the reconciliation of reported net income for each of the reportable segments for the six months ended June 30, 2011 (in thousands):

	The Bank and The Bancorp		Sullivan Financial Services, Inc.			Eliminating entries			Consolidated
Interest income	$	6,675	$	42		$	(15	)	$	6,702
Interest expense		914		15			(15	)		914
Provision for loan losses		105		—			—			105
Non-interest income		539		286			(60	)		765
Non-interest expense including tax provision		4,869		385			(60	)		5,194
Net income		1,326		(72	)		—			1,254
Total assets	$	337,504	$	4,970		$	(4,018	)	$	338,456

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Fair Value (Schedule Of Fair Value Options For Loans Held For Sale) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Aggregate fair value	$ 2,181	$ 2,969
Fair Value Option, Contractual Balance	2,131	2,928
Gain	50	41
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Aggregate fair value	$ 2,181	$ 2,969

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Loans (Schedule Of Nonaccrual Loans By Classes Of The Loan Portfolio) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans	$ 141	$ 146
Consumer Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans	$ 141	$ 146

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Loans (Tables)

6 Months Ended

Jun. 30, 2012

Loans [Abstract]

Schedule Of Loan Balances [Table Text Block]

	June 30, 2012						December 31, 2011
	Amount			Percent			Amount			Percent
	(Dollars In Thousands)
Commercial	$	30,015			12.6	%	$	32,206			13.9	%
Construction, land and land development		5,868			2.5			7,505			3.2
Commercial mortgages		125,137			52.4			113,148			48.7
Residential mortgages		37,906			15.9			37,360			16.1
Consumer		39,618			16.6			42,074			18.1
Gross loans		238,544			100.0	%		232,293			100.0	%
Net deferred costs		227						192
Total loans		238,771						232,485
Less: Allowance for loan losses		(3,089	)					(2,982	)
Net loans	$	235,682					$	229,503

Schedule Of Impaired Loans By Class [Table Text Block]

The following table presents information about impaired loans by loan portfolio class as of June 30, 2012 and December 31, 2011 (in thousands):

June 30, 2012	Unpaid Principal Balance		Recorded Investment		Related Allowance
With no related allowance recorded:
Commercial	$	—	$	—	$	—
Commercial mortgage		—		—		—
Construction, land and land development		—		—		—
Consumer		141		141		—
Residential		—		—		—
With an allowance recorded:
Commercial		—		—		—
Commercial mortgage		342		345		9
Construction, land and land development		—		—		—
Consumer		—		—		—
Residential		—		—		—
Total:
Commercial		—		—		—
Commercial mortgage		342		345		9
Construction, land and land development		—		—		—
Consumer		141		141		—
Residential		—		—		—

December 31, 2011	Unpaid Principal Balance		Recorded Investment		Related Allowance
With no related allowance recorded:
Commercial	$	—	$	—	$	—
Commercial mortgage		765		768		—
Construction, land and land development		—		—		—
Consumer		146		146		—
Residential		—		—		—
With an allowance recorded:
Commercial		—		—		—
Commercial mortgage		344		344		11
Construction, land and land development		—		—		—
Consumer		—		—		—
Residential		—		—		—
Total:
Commercial		—		—		—
Commercial mortgage		1,109		1,112		11
Construction, land and land development		—		—		—
Consumer		146		146		—
Residential		—		—		—

	Three months ended
	June 30, 2012		June 30, 2011
Average of individually impaired loans during period:
Commercial	$	—	$	69
Commercial mortgage		342		1,762
Construction, land and land development		—		—
Consumer		141		—
Residential		—		—

Interest income recognized during impairment:
Commercial	$	—	$	1
Commercial mortgage		5		23
Construction, land and land development		—		—
Consumer		—		—
Residential		—		—

	Six months ended
	June 30, 2012		June 30, 2011
Average of individually impaired loans during period:
Commercial	$	—	$	141
Commercial mortgage		724		1,766
Construction, land and land development		—		—
Consumer		143		—
Residential		—		—

Interest income recognized during impairment:
Commercial	$	—	$	4
Commercial mortgage		24		46
Construction, land and land development		—		—
Consumer		—		—
Residential		—		—

There was no cash-basis interest income recognized on any loans for the three months ended June 30, 2012 and 2011, respectively.

Schedule Of Nonperforming Assets [Table Text Block]

	June 30, 2012		December 31, 2011
Nonaccrual loans	$	141	$	146
Loans past due 90 days and still accruing		—		—
Total non-performing loans		141		146
OREO		—		—
Total non-performing assets	$	141	$	146
Troubled debt restructured loans	$	342	$	344

Schedule Of Nonaccrual Loans By Classes Of The Loan Portfolio [Table Text Block]

Nonaccrual loans	June 30, 2012		December 31, 2012
Commercial	$	—	$	—
Commercial mortgage		—		—
Construction, land and land development		—		—
Consumer		141		146
Residential		—		—
Total	$	141	$	146

Schedule Of Loan Portfolio Summarized By The Past Due Status [Table Text Block]

June 30, 2012	30-59 days past due		60-89 days past due		Greater than 90 Days past due		Total past due		Current		Total loans receivable		Loans past due 90 days and still accruing
Commercial	$	122	$	114	$	—	$	236	$	29,779	$	30,015	$	—
Commercial mortgage		442		—		—		442		124,695		125,137		—
Construction, land and land development		—		—		—		—		5,868		5,868		—
Consumer		42		525		141		708		38,910		39,618		—
Residential		—		—		—		—		37,906		37,906		—
Total	$	606	$	639	$	141	$	1,386	$	237,158	$	238,544	$	—
December 31, 2011
Commercial	$	—	$	259	$	—	$	259	$	31,947	$	32,206	$	—
Commercial mortgage		—		468		—		468		112,680		113,148		—
Construction, land and land development		—		—		—		—		7,505		7,505		—
Consumer		—		148		146		294		41,780		42,074		—
Residential		—		—		—		—		37,360		37,360		—
Total	$	—	$	875	$	146	$	1,021	$	231,272	$	232,293	$	—

Schedule Of The Classes Of The Loan Portfolio Summarized By The Aggregate Risk Rating [Table Text Block]

June 30, 2012
Credit risk profile by internally assigned grades	Pass		Special Mention		Substandard		Doubtful		Total
Commercial	$	27,946	$	2,069	$	—	$	—	$	30,015
Commercial mortgage		122,339		2,456		342		—		125,137
Construction, land and land development		5,868		—		—		—		5,868
Consumer		38,809		668		141		—		39,618
Residential		37,101		805		—		—		37,906
Total	$	232,063	$	5,998	$	483	$	—	$	238,544
December 31, 2011
Credit risk profile by internally assigned grades	Pass		Special Mention		Substandard		Doubtful		Total
Commercial	$	29,215	$	2,991	$	—	$	—	$	32,206
Commercial mortgage		110,500		1,539		1,109		—		113,148
Construction, land and land development		7,505		—		—		—		7,505
Consumer		41,780		148		146		—		42,074
Residential		36,555		805		—		—		37,360
Total	$	225,555	$	5,483	$	1,255	$	—	$	232,293

Schedule Of Allowance For Loan Losses And Recorded Investment In Financing Receivables [Table Text Block]

The following tables present activity in the Company's allowance for loan losses by class of loans (in thousands):

	Commercial			Commercial Mortgage		Construction, Land and Land Development			Consumer			Residential		Unallocated			Total
Balance January 1, 2012	$	522		$	1,542	$	122		$	531		$	215	$	50		$	2,982
Charge-offs		(67	)		—		—			(5	)		—		—			(72	)
Recoveries		6			8		—			—			—		—			14
Provision for loan losses		9			179		(27	)		3			3		(2	)		165
Balance, June 30, 2012	$	470		$	1,729	$	95		$	529		$	218	$	48		$	3,089
Balance January 1, 2011	$	186		$	1,821	$	102		$	506		$	205	$	55		$	2,875
Charge-offs		—			—		—			(2	)		—		—			(2	)
Recoveries		8			—		—			—			—		—			8
Provision for loan losses		(31	)		130		(2	)		(25	)		36		(3	)		105
Balance, June 30, 2011	$	163		$	1,951	$	100		$	479		$	241	$	52		$	2,986

Balance April 1, 2012	$	456	$	1,628	$	106		$	526		$	219		$	66		$	3,001
Charge-offs		—		—		—			(5	)		—			—			(5	)
Recoveries		3		—		—			—			—			—			3
Provision for loan losses		11		101		(11	)		8			(1	)		(18	)		90
Balance, June 30, 2012	$	470	$	1,729	$	95		$	529		$	218		$	48		$	3,089

Balance April 1, 2011	$	172		$	1,930	$	91	$	492		$	230	$	38	$	2,953
Charge-offs		—			—		—		—			—		—
Recoveries		3			—		—		—			—		—		3
Provision for loan losses		(12	)		21		9		(13	)		11		14		30
Balance, June 30, 2011	$	163		$	1,951	$	100	$	479		$	241	$	52	$	2,986