Fair Value Of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Of Financial Instruments [Abstract]

Fair Value Measurements On Differing Levels

		June 30, 2015
(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	$	-	$	60,938	$	-	$	60,938
GSE mortgage-backed securities		-		54,141		-		54,141
Collateralized mortgage obligations GSE		-		17,759		-		17,759
Corporate bonds		-		20,222		-		20,222
State and municipal tax-exempt		-		13,407		-		13,407
Equity securities		18		-		-		18
Total assets measured at fair value on a recurring basis	$	18	$	166,467	$	-	$	166,485
Assets Measured at Fair Value on a Nonrecurring Basis
Impaired loans	$	-	$	-	$	993	$	993
Total assets measured at fair value on a nonrecurring basis	$	-	$	-	$	993	$	993

		December 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	$	-	$	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 and other repossessed property		-		-		100		100
Total assets measured at fair value on a nonrecurring basis	$	-	$	-	$	3,016	$	3,016

Quantitative Information About Level 3 Fair Value Measurements

June 30, 2015
Quantitative Information about Level 3 Fair Value Measurement
		Fair Value	Valuation		Range
(Dollars in thousands)		Estimate	Techniques	Unobservable Input	(Weighted Average)
Impaired loans - Commercial mortgage		96	Appraisal of	Appraisal adj. (2)	0%	to	0%	(0%)
			collateral (1)	Disposal costs (2)	-13%	to	-13%	(-13%)
Impaired loans - Commercial term		86	Appraisal of	Appraisal adj. (2)	-72%	to	-72%	(-72%)
			collateral (1)	Disposal costs (2)	-11%	to	-11%	(-11%)
Impaired loans - Commercial construction		765	Appraisal of	Appraisal adj. (2)	0%	to	-10%	(-9%)
			collateral (1)	Disposal costs (2)	-8%	to	-17%	(-12%)
Impaired loans - Consumer other		46	Appraisal of	Appraisal adj. (2)	0%	to	0%	(0%)
			collateral (1)	Disposal costs (2)	0%	to	0%	(0%)
Impaired loan total	$	993

(1)

(2)

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

⁽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, 2015
		Carrying		Fair
(Dollars in thousands)		Amount		Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	27,493	$	27,493	$	27,493	$	-	$	-
AFS investment securities		166,485		166,485		18		166,467		-
HTM investment securities		65,227		65,374		-		65,374		-
Restricted stock		2,864		2,864		-		2,864		-
Loans and leases, net of allowance, including impaired		467,227		456,933		-		-		456,933
Accrued interest receivable		2,388		2,388		-		2,388		-
Financial liabilities
Deposits:
Non-interest-bearing deposits		122,642		122,642		-		122,642		-
Interest-bearing deposits:		428,350		428,350		-		428,350		-
Time		56,729		56,378		-		56,378		-
Brokered deposits		18,655		18,662		-		18,662		-
Repurchase agreements		28,211		28,211		-		28,211		-
FHLBP advances		20,000		20,380		-		20,380		-
Junior subordinated debentures and other borrowings		9,279		7,505		-		7,505		-
Subordinated debt		9,750		9,532		-		9,532		-
Accrued interest payable		355		355		-		355		-
Off-balance sheet instruments		-		-		-		-		-

		December 31, 2014
		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		-		-		-		-		-