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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value, Assets and Liabilities Measured On Recurring and Nonrecurring Basis [Abstract]

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

Financial instruments measured at fair value at December 31, 2012 are summarized below:

		December 31, 2012
		Carrying Value
		Level 1				Level 2				Level 3				Total
		(In thousands)
Financial instruments measured at fair value on a recurring basis:
Available-for-sale investment securities:
U.S. Government and agency obligations		$	-			$	1,029			$	-			$	1,029
Government guaranteed mortgage-backed securities			-				13,960				-				13,960
Government guaranteed collateralized mortgage obligations			-				985				-				985
Private label collateralized mortgage obligations			-				294				-				294
Auction-rate trust preferred securities			-				7,216				-				7,216
Residential loans held for sale			-				2,761				-				2,761
Financial instruments measured at fair value on a non-recurring basis:
Impaired loans		$	-			$	-			$	37,532			$	37,532
Foreclosed real estate and other repossessed assets			-				-				735				735
Mortgage-servicing rights			-				-				1,633				1,633

Financial instruments measured at fair value at December 31, 2011 are summarized below:

		December 31, 2011
		Carrying Value
		Level 1				Level 2				Level 3				Total
		(In thousands)
Financial instruments measured at fair value on a recurring basis:
Available-for-sale investment securities:
U.S. Government and agency obligations		$	-			$	1,068			$	-			$	1,068
Government guaranteed mortgage-backed securities			-				14,763				-				14,763
Government guaranteed collateralized mortgage obligations			-				1,721				-				1,721
Private label collateralized mortgage obligations			-				255				-				255
Auction-rate trust preferred securities			-				-				7,244				7,244
Residential loans held for sale			-				2,993				-				2,993
Financial instruments measured at fair value on a non-recurring basis:
Impaired loans		$	-			$	-			$	18,355			$	18,355
Foreclosed real estate and other repossessed assets			-				-				873				873
Mortgage-servicing rights			-				-				726				726

Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table shows a reconciliation of the beginning and ending balances for Level 3 available-for-sale investment securities measured at fair value on a recurring basis at December 31, 2012 and 2011:

(In thousands)		2012				2011

Balance at beginning of the year		$	7,244			$	7,960
Increase (decrease) in fair value of securities included in accumulated other comprehensive income			272				(516	)
Redemptions at par			(300	)			(200	)
Transfer to Level 2			(7,216	)			-
Balance at end of the year		$	-			$	7,244

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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Tabular disclosure of the fair value measurement of financial instruments classified in shareholders' equity using significant unobservable inputs (level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of level 3 (for example, transfers due to changes in the observability of significant inputs) by class of equity.

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