Fair Values (Tables)

12 Months Ended

Dec. 31, 2014

Fair Values [Abstract]

Fair Value Measurements On Differing Levels

	December 31, 2014
							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	$	-	$	61,354	$	-	$	61,354
GSE mortgage-backed securities		-		66,723		-		66,723
Collateralized mortgage obligations GSE		-		20,011		-		20,011
Corporate bonds		-		13,102		-		13,102
State and municipal tax-exempt		-		10,994		-		10,994
Equity securities		18		-		-		18
Total assets measured at fair value on a recurring basis	$	18	$	172,184	$	-	$	172,202
Assets Measured at Fair Value on a Nonrecurring Basis
Impaired loans	$	-	$	-	$	2,916	$	2,916
OREO & other repossessed property		-		-		100		100
Total assets measured at fair value on a nonrecurring basis	$	-	$	-	$	3,016	$	3,016

	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

Quantitative Information About Level 3 Fair Value Measurements

December 31, 2014
Quantitative Information about Level 3 Fair Value Measurement
		Fair Value	Valuation		Range (Weighted
(Dollars in thousands)		Estimate	Techniques	Unobservable Input	Average)
Impaired loans- Residential mortgage	$	1,244	Appraisal of collateral (1)	Appraisal adj. (2)	0%	to	0%	(0%)
				Disposal costs (2)	-8%	to	-8%	(-8%)
Impaired loans- Commercial mortgage		97	Appraisal of collateral (1)	Appraisal adj. (2)	0%	to	0%	(0%)
				Disposal costs (2)	-13%	to	-13%	(-13%)
Impaired loans- Commercial term		81	Appraisal of collateral (1)	Appraisal adj. (2)	0%	to	0%	(0%)
				Disposal costs (2)	-11%	to	-11%	(-11%)
Impaired loans- Commercial construction		1,494	Appraisal of collateral (1)	Appraisal adj. (2)	0%	to	-47%	(-19%)
				Disposal costs (2)	-11%	to	-11%	(-11%)
Impaired loan total	$	2,916
Other real estate owned	$	100		Disposal costs (2)	-8%	to	-16%	(-12%)
December 31, 2013
Quantitative Information about Level 3 Fair Value Measurement
		Fair Value	Valuation		Range (Weighted
(Dollars in thousands)		Estimate	Techniques	Unobservable Input	Average)
Impaired loans- Residential mortgage	$	576	Appraisal of collateral (1)	Appraisal adj. (2)	0%	to	0%	(0%)
				Disposal costs (2)	-8%	to	-8%	(-8%)
Impaired loans- Commercial mortgage		60	Appraisal of collateral (1)	Appraisal adj. (2)	0%	to	0%	(0%)
				Disposal costs (2)	-7%	to	-21%	(-12%)
Impaired loans- Commercial construction		2,193	Appraisal of collateral (1)	Appraisal adj. (2)	0%	to	0%	(0%)
				Disposal costs (2)	-8%	to	-11%	(-9%)
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

	December 31, 2014
				Estimated
		Carrying		Fair
(Dollars in thousands)		Amount		Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	12,504	$	12,504	$	12,504	$	-	$	-
AFS investment securities		172,202		172,202		18		172,184		-
HTM investment securities		59,454		60,099		-		60,099		-
Restricted stock		2,587		2,587		-		2,587		-
Loans held-for-sale		617		640		-		-		-
Loans and leases, net of allowance, including impaired		450,697		436,499		-		-		436,499
Accrued interest receivable		2,253		2,253		-		2,253		-
Financial liabilities
Deposits:
Non-interest-bearing deposits		102,107		102,107		-		102,107		-
Interest-bearing deposits:		415,933		415,933		-		415,933		-
Time		76,805		76,519		-		76,519		-
Brokered deposits		10,238		10,204		-		10,204		-
Repurchase agreements		19,221		19,221		-		19,221		-
FHLBP advances		20,000		20,616		-		20,616		-
Junior subordinated debentures and other borrowings		9,279		7,546		-		7,546		-
Accrued interest payable		351		351		-		351		-
Off-balance sheet 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, including impaired		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		-		-		-		-		-