Fair Value Of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Of Financial Instruments [Abstract]

Fair Value Measurements On Differing Levels

		June 30, 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	$	-	$	17,065	$	-	$	17,065
GSE mortgage-backed securities		-		71,297		-		71,297
Collateralized mortgage obligations GSE		-		21,846		-		21,846
Corporate bonds		-		20,112		-		20,112
State and municipal tax-exempt		-		608		-		608
Certificates of deposit		-		757		-		757
Equity securities		17		-		-		17
Total assets measured at fair value on a recurring basis	$	17	$	131,685	$	-	$	131,702
Assets Measured at Fair Value on a Nonrecurring Basis
Impaired loans	$	-	$	-	$	2,804	$	2,804
OREO and other repossessed property		-		-		42		42
Total assets measured at fair value on a nonrecurring basis	$	-	$	-	$	2,846	$	2,846

		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)
June 30, 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- Residential mortgage		626	Appraisal of	Appraisal adj.	0%	to	0%	(0%)
			collateral (1)	Disposal costs (2)	-8%	to	-8%	(-8%)
Impaired loans- Consumer other		48	Appraisal of	Appraisal adj.	0%	to	0%	(0%)
			collateral (1)	Disposal costs (2)	-8%	to	-8%	(-8%)
Impaired loan total	$	2,804
Other real estate owned	$	42		Disposal costs (2)	-8%	to	-8%	(-8%)

(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

		June 30, 2014
		Carrying		Fair
(Dollars in thousands)		Amount		Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	28,428	$	28,428	$	28,428	$	-	$	-
AFS investment securities		131,702		131,702		17		131,685		-
HTM investment securities		63,069		63,361		-		63,361		-
Restricted stock		2,820		2,820		-		2,820		-
Loans and leases, net of allowance		434,135		427,449		-		-		427,449
Accrued interest receivable		2,248		2,248		-		2,248		-
Financial liabilities
Deposits:
Non-interest-bearing deposits		116,989		116,989		-		116,989		-
Interest-bearing deposits:		371,367		371,367		-		371,367		-
Time		79,494		79,196		-		79,196		-
Brokered deposits		7,719		7,660		-		7,660		-
Repurchase agreements		23,939		23,939		-		23,939		-
FHLBP advances		10,000		10,801		-		10,801		-
Junior subordinated debentures and other borrowings		9,279		8,236		-		8,236		-
Accrued interest payable		355		355		-		355		-
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		-		-		-		-		-