Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Measurements [Abstract]

Available for Sale Securities Measured at Fair Value on a Recurring Basis

			Fair Value Measurements at March 31, 2014 Using:
(dollars in thousands)
			Quoted Prices in				Significant
	Balance as of		Active Markets for		Significant Other		Unobservable
	March 31,		Identical Assets		Observable Inputs		Inputs
Description	2014		(Level 1)		(Level 2)		(Level 3)
Assets:
U.S. Government agencies	$	37,864	$	-	$	37,864	$	-
Corporate bonds		9,068		-		9,068		-
Asset-backed securities		2,110		-		2,110		-
Mortgage-backed securities/CMOs		64,606		-		64,606		-
Municipal bonds		23,529		-		23,529		-
Total securities available for sale	$	137,177	$	-	$	137,177	$	-

			Fair Value Measurements at December 31, 2013 Using:
(dollars in thousands)
			Quoted Prices in				Significant
	Balance as of		Active Markets for		Significant Other		Unobservable
	December 31,		Identical Assets		Observable Inputs		Inputs
Description	2013		(Level 1)		(Level 2)		(Level 3)
Assets:
U.S. Government agencies	$	44,005	$	-	$	44,005	$	-
Corporate bonds		9,053		-		9,053		-
Asset-backed securities		2,100		-		2,100		-
Mortgage-backed securities/CMOs		55,597		-		55,597		-
Municipal bonds		22,272		-		22,272		-
Total securities available for sale	$	133,027	$	-	$	133,027	$	-

Other Real Estate Owned Measured at Fair Value on a Nonrecurring Basis

			Fair Value Measurements at March 31, 2014 Using:
(dollars in thousands)
			Quoted Prices in		Significant Other		Significant
	Balance as of		Active Markets for		Observable		Unobservable
	March 31,		Identical Assets		Inputs		Inputs
Description	2014		(Level 1)		(Level 2)		(Level 3)
Assets:
Other Real Estate Owned	$	2,267	$	-	$	-	$	2,267

			Fair Value Measurements at December 31, 2013 Using:
(dollars in thousands)
			Quoted Prices in		Significant Other		Significant
	Balance as of		Active Markets for		Observable		Unobservable
	December 31,		Identical Assets		Inputs		Inputs
Description	2013		(Level 1)		(Level 2)		(Level 3)
Assets:
Other Real Estate Owned	$	2,372	$	-	$	-	$	2,372

Schedule of Quantitative Information about Level 3 Fair Value Measurements

(dollars in thousands)
					Weighted
Description	Fair Value		Valuation Technique	Unobservable Inputs	Average
Assets:
Other Real Estate Owned	$	2,267	Market comparables	Discount applied to market comparables *	6	%

^* A discount percentage is applied based on age of independent appraisals, current market conditions, and experience within the local market.

Schedule of the Carrying Values and Estimated Fair Values of the Bank's Financial Instruments

			Fair Value Measurement at March 31, 2014 using:
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
(dollars in thousands)			Identical Assets		Inputs		Inputs
	Carrying value		Level 1		Level 2		Level 3		Fair Value
Assets
Cash and cash equivalent	$	76,847	$	76,847	$	-	$	-	$	76,847
Securities		137,177		-		137,177		-		137,177
Loans, net		288,685		-		-		289,803		289,803
Bank owned life insurance		12,702		-		12,702		-		12,702
Accrued interest receivable		1,151		-		503		648		1,151
Liabilities
Demand deposits and	$	334,965	$	-	$	334,965	$	-	$	334,965
interest-bearing transaction
and money market accounts
Certificates of deposit		125,156		-		125,382		-		125,382
Securities sold under		13,448		-		13,448		-		13,448
agreements to repurchase
Accrued interest payable		108		-		108		-		108

			Fair Value Measurement at December 31, 2013 using:
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
(dollars in thousands)			Identical Assets		Inputs		Inputs
	Carrying value		Level 1		Level 2		Level 3		Fair Value
Assets
Cash and cash equivalent	$	40,072	$	40,072	$	-	$	-	$	40,072
Securities		133,027		-		133,027		-		133,027
Loans, net		296,674		-		-		297,765		297,765
Bank owned life insurance		12,595		-		12,595		-		12,595
Accrued interest receivable		1,247		-		566		681		1,247
Liabilities
Demand deposits and	$	306,298	$	-	$	306,298	$	-	$	306,298
interest-bearing transaction
and money market accounts
Certificates of deposit		124,162		-		124,391		-		124,391
Securities sold under		16,297		-		16,297		-		16,297
agreements to repurchase
Accrued interest payable		125		-		125		-		125