Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Measurements Tables

Schedule of securities available for sale measured at fair value on a recurring basis

Securities available for sale measured at fair value on a recurring basis are summarized below (in thousands):

			Fair Value Measurements at Reporting Date Using
			Quoted Prices
			In Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Fair		Assets		Inputs		Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
As of March 31, 2014:
Mortgage-backed securities	$	11,042	$	0	$	11,042	$	0
U.S. Government and agency securities		20,298		0		20,298		0
	$	31,340	$	0	$	31,340	$	0
As of December 31, 2013:
Mortgage-backed securities	$	10,625	$	0	$	10,625	$	0
U.S. Government and agency securities		12,365		0		12,365		0
	$	22,990	$	0	$	22,990	$	0

Schedule of assets measured on a nonrecurring basis

Assets measured at fair value on a nonrecurring basis are as follows (in thousands):

	Fair Value		Level 1		Level 2		Level 3		Total Losses		Losses Recorded in Operations
At March 31, 2014:
Residential real estate	$	1,481	$	0	$	0	$	1,481	$	507	$	0
Commercial real estate		2,814		0		0		2,814		3,444		0
Commercial		1,200		0		0		1,200		242		0
	$	5,495	$	0	$	0	$	5,495	$	4,193	$	0
Foreclosed real estate	$	7,394	$	0	$	0	$	7,394	$	1,705	$	9
At December 31, 2013:
Residential real estate	$	1,523	$	0	$	0	$	1,523	$	507	$	77
Commercial real estate		3,386		0		0		3,386		3,850		2,405
Commercial		1,216		0		0		1,216		242		0
	$	6,125	$	0	$	0	$	6,125	$	4,599	$	2,482
Foreclosed real estate	$	7,553	$	0	$	0	$	7,553	$	1,696	$	859