Fair Value Of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Fair Value Of Financial Instruments [Abstract]

Fair Value Measurements On Differing Levels

	December 31, 2013
							Assets at
(Dollars in thousands)	Level 1		Level 2		Level 3		Fair Value
Assets Measured at Fair Value on a Recurring Basis
US Government agency obligations	$	-	$	29,943	$	-	$	29,943
GSE mortgage-backed securities		-		48,930		-		48,930
Collateralized mortgage obligations GSE		-		22,886		-		22,886
Corporate bonds		-		16,550		-		16,550
State and municipal tax-exempt		-		2,072		-		2,072
Certificates of deposit		-		1,260		-		1,260
Equity securities		18		-		-		18
Total assets measured at fair value on a recurring basis	$	18	$	121,641	$	-	$	121,659
Assets Measured at Fair Value on a Nonrecurring Basis
Impaired loans	$	-	$	-	$	2,829	$	2,829
OREO & other repossessed property		-		-		124		124
Total assets measured at fair value on a nonrecurring basis	$	-	$	-	$	2,953	$	2,953

	December 31, 2012
							Assets at
(Dollars in thousands)	Level 1		Level 2		Level 3		Fair Value
Assets Measured at Fair Value on a Recurring Basis
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
Certificates 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 & 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)
December 31, 2013
Impaired loans- Commercial construction	$	2,193	Appraisal of collateral (1)	Appraisal adj.	0%	to	0%	(0%)
				Disposal costs	-8%	to	-11%	(-9%)
Impaired loans- Commercial mortgage		60	Appraisal of collateral (1)	Appraisal adj.	0%	to	0%	(0%)
				Disposal costs	-7%	to	-21%	(-12%)
Impaired loans- Residential mortgage		576	Appraisal of collateral (1)	Appraisal adj. (2)	0%	to	0%	(0%)
				Disposal costs (2)	-8%	to	-8%	(-8%)
Impaired loan total	$	2,829
Other real estate owned*	$	124		Disposal costs (2)	-5%	to	-5%	(-5%)
Quantitative Information about Level 3 Fair Value Measurement
(Dollars in thousands)		Fair Value	Valuation		Range (Weighted
		Estimate	Techniques	Unobservable Input	Average)
December 31, 2012
Impaired loans- Commercial construction	$	3,487	Income approach	Appraisal adj. (2)	0%	to	-40%	(-19%)
				Disposal costs (2)	-2%	to	-10%	(-7%)
Impaired loans- Commercial mortgage	$	2,538	Appraisal of collateral (1)	Disposal costs (2)	-5%	to	-7%	(-5%)
Impaired loan total	$	6,025

*  As of December 31, 2013 there is only 1 OREO property in the table above.

(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 are adjusted by management for qualitative factors and disposal costs.

Estimate Of The Fair Value Of All Financial Instruments

	December 31, 2013
				Estimated
		Carrying		Fair
(Dollars in thousands)		Amount		Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	34,060	$	34,060	$	34,060	$	-	$	-
AFS investment securities		121,659		121,659		18		121,641		-
HTM investment securities		65,299		63,402		-		63,402		-
Restricted stock		2,903		2,903		-		2,903		-
Loans and leases, net of allowance		410,731		402,569		-		-		402,569
Accrued interest receivable		2,297		2,297		-		2,297		-
Financial liabilities
Deposits:
Non-interest-bearing deposits		101,853		101,853		-		101,853		-
Interest-bearing deposits:		361,352		361,352		-		361,352		-
Time		95,542		95,648		-		95,648		-
Repurchase agreements		19,854		19,854		-		19,854		-
FHLBP advances		10,000		11,057		-		11,057		-
Junior subordinated debentures and other borrowings		9,279		9,267		-		9,267		-
Accrued interest payable		376		376		-		376		-
Off-balance sheet instruments		-		-		-		-		-
	December 31, 2012
				Estimated
		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		-		-		-		-		-