Fair Value Of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Of Financial Instruments [Abstract]

Fair Value Measurements On Differing Levels

		March 31, 2014
(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	$	-	$	23,114	$	-	$	23,114
GSE mortgage-backed securities		-		61,373		-		61,373
Collateralized mortgage obligations GSE		-		21,073		-		21,073
Corporate bonds		-		20,902		-		20,902
State and municipal tax-exempt		-		606		-		606
Certificates of deposit		-		1,263		-		1,263
Equity securities		17		-		-		17
Total assets measured at fair value on a recurring basis	$	17	$	128,331	$	-	$	128,348
Assets Measured at Fair Value on a Nonrecurring Basis
Impaired loans	$	-	$	-	$	2,931	$	2,931
Total assets measured at fair value on a nonrecurring basis	$	-	$	-	$	2,931	$	2,931

		December 31, 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	$	-	$	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
Certficates 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 and other repossessed property		-		-		124		124
Total assets measured at fair value on a nonrecurring basis	$	-	$	-	$	2,953	$	2,953

Quantitative Information About Level 3 Fair Value Measurements

Quantitative Information about Level 3 Fair Value Measurement
(Dollars in thousands)		Fair Value	Valuation		Range
		Estimate	Techniques	Unobservable Input	(Weighted Average)
March 31, 2014
Impaired loans- Commercial construction	$	2,130	Appraisal of	Appraisal adj.	0%	to	-47%	(-17%)
			collateral (1)	Disposal costs (2)	-8%	to	-11%	(-10%)
Impaired loans- Commercial mortgage		22	Appraisal of	Appraisal adj.	50%	to	50%	(-50%)
			collateral (1)	Disposal costs (2)	-21%	to	-21%	(-21%)
Impaired loans- Residential mortgage		695	Appraisal of	Appraisal adj.	0%	to	0%	(0%)
			collateral (1)	Disposal costs (2)	-8%	to	-8%	(-8%)
Impaired loans- Consumer other		84	Appraisal of	Appraisal adj.	0%	to	0%	(0%)
			collateral (1)	Disposal costs (2)	-8%	to	-8%	(-8%)
Impaired loan total	$	2,931

(1)

Quantitative Information about Level 3 Fair Value Measurement
(Dollars in thousands)		Fair Value	Valuation		Range
		Estimate	Techniques	Unobservable Input	(Weighted Average)
December 31, 2013
Impaired loans- Commercial construction	$	2,193	Appraisal of	Appraisal adj.	0%	to	0%	(0%)
			collateral (1)	Disposal costs (2)	-8%	to	-11%	(-9%)
Impaired loans- Commercial mortgage		60	Appraisal of	Appraisal adj.	0%	to	0%	(0%)
			collateral (1)	Disposal costs (2)	-7%	to	-21%	(-12%)
Impaired loans- Residential mortgage		576	Appraisal of	Appraisal adj.	0%	to	0%	(0%)
			collateral (1)	Disposal costs (2)	-8%	to	-8%	(-8%)
Impaired loan total	$	2,829
Other real estate owned	$	124		Disposal costs (2)	-5%	to	-5%	(-5%)

(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

		March 31, 2014
		Carrying		Fair
(Dollars in thousands)		Amount		Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	35,692	$	35,692	$	35,692	$	-	$	-
AFS investment securities		128,348		128,348		17		128,331		-
HTM investment securities		63,481		62,819		-		62,819		-
Restricted stock		2,734		2,734		-		2,734		-
Loans and leases, net of allowance		425,421		420,050		-		-		420,050
Accrued interest receivable		2,360		2,360		-		2,360		-
Financial liabilities
Deposits:
Non-interest-bearing deposits		110,866		110,866		-		110,866		-
Interest-bearing deposits:		367,610		367,610		-		367,610		-
Time		83,297		83,283		-		83,283		-
Repurchase agreements		35,555		35,555		-		35,555		-
FHLBP advances		10,000		10,929		-		10,929		-
Junior subordinated debentures and other borrowings		9,279		8,596		-		8,596		-
Accrued interest payable		317		317		-		317		-
Off-balance sheet instruments		-		-		-		-		-

		December 31, 2013
		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		-		-		-		-		-