Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Of Financial Instruments Tables

Schedule of carrying amount and fair value of financial instruments

The estimated fair values and fair value measurement method with respect to the Company’s financial instruments were as follows (in thousands):

	At March 31, 2014						At December 31, 2013
	Carrying		Fair				Carrying		Fair
	Amount		Value		Level		Amount		Value		Level
Financial assets:
Cash and cash equivalents	$	11,579	$	11,579		1	$	13,881	$	13,881		1
Securities available for sale		31,340		31,340		2		22,990		22,990		2
Loans		77,439		77,195		3		79,249		79,043		3
Federal Home Loan Bank stock		1,139		1,139		3		1,196		1,196		3
Accrued interest receivable		494		494		3		496		496		3
Financial liabilities:
Deposit liabilities		101,820		102,110		3		98,692		99,003		3
Federal Home Loan Bank advances		22,740		22,722		3		22,740		22,734		3
Junior subordinated debenture		5,155		4,840		3		5,155		4,828		3
Off-balance sheet financial instruments		0		0		3		0		0		3