Fair Value Of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Of Financial Instruments [Abstract]

Fair Value Measurements On Differing Levels

		September 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	$	-	$	38,193	$	-	$	38,193
GSE mortgage-backed securities		-		42,274		-		42,274
Collateralized mortgage obligations GSE		-		24,744		-		24,744
Corporate bonds		-		25,696		-		25,696
State and municipal tax-exempt		-		4,158		-		4,158
Certificates of deposit		-		1,257		-		1,257
Equity securities		16		-		-		16
Total assets measured at fair value on a recurring basis	$	16	$	136,322	$	-	$	136,338
Assets Measured at Fair Value on a Nonrecurring Basis
Impaired loans	$	-	$	-	$	2,554	$	2,554
OREO and other repossessed property		-		-		853		853
Total assets measured at fair value on a nonrecurring basis	$	-	$	-	$	3,407	$	3,407

		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)*
September 30, 2013
Impaired loans- Commercial construction	$	2,554	Appraisal of collateral (1)	Appraisal adj.	0%	to	0%	(0%)
				Disposal costs (2)	-4%	to	-18%	(-12%)
Other Real Estate Owned	$	853		Disposal costs (2)	-2%	to	-2%	(-2%)

*  As of September 30, 2013 there is only 1 OREO property.

(1) Fair value is generally determined through independent appraisals or sales contracts 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. There is no such adjustment on the assets presented above.

Estimate Of The Fair Value Of All Financial Instruments

		September 30, 2013
		Carrying		Fair
(Dollars in thousands)		Amount		Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	19,221	$	19,221	$	19,221	$	-	$	-
AFS investment securities		136,338		136,338		16		136,322		-
HTM investment securities		66,031		64,836		-		64,836		-
Restricted stock		2,904		2,904		-		2,904		-
Loans and leases, net of allowance		394,933		394,491		-		-		394,491
Accrued interest receivable		2,464		2,464		-		2,464		-
Financial liabilities
Deposits:
Non-interest-bearing deposits		95,606		95,606		-		95,606		-
Interest-bearing deposits:		363,370		363,370		-		363,370		-
Time		92,882		92,847		-		92,847		-
Repurchase agreements		14,642		14,642		-		14,642		-
FHLBP advances		10,000		11,153		-		11,153		-
Junior subordinated debentures and other borrowings		9,279		8,842		-		8,842		-
Accrued interest payable		329		329		-		329		-
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		-		-		-		-		-