Fair Value Of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Of Financial Instruments [Abstract]

Fair Value Measurements On Differing Levels

		June 30, 2013
(Dollars in thousands)		Level 1		Level 2		Level 3		Fair Value
Assets Measured at Fair Value on a Recurring Basis
AFS Investment Securities:
US Government agency obligations	$	-	$	40,517	$	-	$	40,517
GSE mortgage-backed securities		-		24,237		-		24,237
Collateralized mortgage obligations GSE		-		26,282		-		26,282
Corporate bonds		-		35,182		-		35,182
State and municipal tax-exempt		-		4,163		-		4,163
Certificates of deposit		-		1,246		-		1,246
Equity securities		16		-		-		16
Total assets measured at fair value on a recurring basis	$	16	$	131,627	$	-	$	131,643
Assets Measured at Fair Value on a Nonrecurring Basis
Impaired loans	$	-	$	-	$	3,531	$	3,531
OREO and other repossessed property		-		-		2,232		2,232
Total assets measured at fair value on a nonrecurring basis	$	-	$	-	$	5,763	$	5,763

		December 31, 2012
(Dollars in thousands)		Level 1		Level 2		Level 3		Fair Value
Assets Measured at Fair Value on a Recurring Basis
AFS Investment Securities:
US Government agency obligations	$	-	$	35,539	$	-	$	35,539
GSE mortgage-backed securities		-		22,392		-		22,392
Collateralized mortgage obligations GSE		-		21,650		-		21,650
Corporate bonds		-		41,447		-		41,447
State and municipal tax-exempt		-		3,185		-		3,185
Asset-backed securities		-		9,813		-		9,813
Certficates of deposit		-		1,248		-		1,248
Equity securities		14		-		-		14
Total assets measured at fair value on a recurring basis	$	14	$	135,274	$	-	$	135,288
Assets Measured at Fair Value on a Nonrecurring Basis
Impaired loans	$	-	$	-	$	6,823	$	6,823
OREO and other repossessed property		-		-		213		213
Total assets measured at fair value on a nonrecurring basis	$	-	$	-	$	7,036	$	7,036

Quantitative Information About Level 3 Fair Value Measurements

Quantitative Information about Level 3 Fair Value Measurement
(Dollars in thousands)		Fair Value	Valuation		Range (Weighted
		Estimate	Techniques	Unobservable Input	Average)*
June 30, 2013
Impaired loans- Commercial construction	$	2,617	Appraisal of collateral (1)	Appraisal adj.	-10%	to	-40%	(-26%)
				Disposal costs (2)	-2%	to	-7%	(-5%)
Impaired loans- Commercial mortgage	$	914	Appraisal of collateral (1)	Disposal costs (2)	-13%	to	-13%	(-13%)

*  As of June 30, 2013 there is only 1 loan in the commercial mortgage loan type.

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors and disposal costs. The range and weighted average of disposal costs are presented as a percent of the appraisal.

Estimate Of The Fair Value Of All Financial Instruments

		June 30, 2013
		Carrying		Fair
(Dollars in thousands)		Amount		Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	54,040	$	54,040	$	54,040	$	-	$	-
AFS investment securities		131,643		131,643		16		131,627		-
HTM investment securities		67,274		66,147		-		66,147		-
Restricted stock		2,964		2,964		-		2,964		-
Loans and leases, net of allowance		383,100		379,731		-		379,731		-
Accrued interest receivable		2,463		2,463		-		2,463		-
Financial liabilities
Deposits:
Non-interest-bearing deposits		91,200		91,200		-		91,200		-
Interest-bearing deposits:		377,087		377,087		-		377,087		-
Time		93,621		94,098		-		94,098		-
Repurchase agreements		23,233		23,233		-		23,233		-
FHLBP advances		10,000		11,425		-		11,425		-
Junior subordinated debentures and other borrowings		9,279		9,590		-		9,590		-
Accrued interest payable		396		396		-		396		-
Off-balance sheet instruments		-		-		-		-		-

		December 31, 2012
		Carrying		Fair
(Dollars in thousands)		Amount		Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	17,149	$	17,149	$	17,149	$	-	$	-
AFS investment securities		135,288		135,288		14		135,274		-
HTM investment securities		66,024		68,307		-		68,307		-
Restricted stock		3,426		3,426		-		3,426		-
Loans and leases, net of allowance		389,660		391,533		-		-		391,533
Accrued interest receivable		2,470		2,470		-		2,470		-
Financial liabilities
Deposits:
Non-interest-bearing deposits		85,055		85,055		-		85,055		-
Interest-bearing deposits:		343,053		343,053		-		343,053		-
Time		102,316		103,045		-		103,045		-
Repurchase agreements		17,014		17,014		-		17,014		-
FHLBP advances		20,000		21,592		-		21,592		-
Junior subordinated debentures and other borrowings		9,279		9,256		-		-		9,256
Accrued interest payable		421		421		-		421		-
Off-balance sheet instruments		-		-		-		-		-