Fair Value Of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Of Financial Instruments [Abstract]

Fair Value Measurements On Differing Levels

		September 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	$	-	$	60,968	$	-	$	60,968
GSE mortgage-backed securities		-		43,291		-		43,291
Collateralized mortgage obligations GSE		-		16,893		-		16,893
Corporate bonds		-		23,196		-		23,196
State and municipal tax-exempt		-		17,697		-		17,697
Equity securities		18		-		-		18
Total	$	18	$	162,045	$	-	$	162,063
Assets Measured at Fair Value on a Nonrecurring Basis
Impaired loans	$	-	$	-	$	896	$	896
OREO and other repossessed property		-		-		453		453
Total	$	-	$	-	$	1,349	$	1,349

		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	$	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	$	-	$	-	$	3,016	$	3,016

Quantitative Information About Level 3 Fair Value Measurements

September 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 - Residential mortgage	$	115	Appraisal of	Appraisal adj. (2)	0%	to	0%	(0%)
			collateral (1)	Disposal costs (2)	-8%	to	-8%	(-8%)
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		88	Appraisal of	Appraisal adj. (2)	-72%	to	-72%	(-72%)
			collateral (1)	Disposal costs (2)	-11%	to	-11%	(-11%)
Impaired loans - Commercial construction		559	Appraisal of	Appraisal adj. (2)	0%	to	0%	(0%)
			collateral (1)	Disposal costs (2)	-8%	to	-8%	(-8%)
Impaired loans - Consumer other		38	Appraisal of	Appraisal adj. (2)	0%	to	0%	(0%)
			collateral (1)	Disposal costs (2)	-8%	to	-8%	(-8%)
Impaired loan total	$	896
Other real estate owned	$	453		Disposal costs (2)	8%	to	8%	(-8%)

(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

		September 30, 2015
		Carrying		Fair
(Dollars in thousands)		Amount		Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	18,959	$	18,959	$	18,959	$	-	$	-
AFS investment securities		162,063		162,063		18		162,045		-
HTM investment securities		65,300		66,007		-		66,007		-
Restricted stock		2,964		2,964		-		2,964		-
Loans and leases, net of allowance, including impaired		465,667		453,356		-		-		453,356
Accrued interest receivable		2,542		2,542		-		2,542		-
Financial liabilities
Deposits:
Non-interest-bearing deposits		120,018		120,018		-		120,018		-
Interest-bearing deposits:		400,031		400,031		-		400,031		-
Time		69,744		69,408		-		69,408		-
Brokered deposits		18,665		18,558		-		18,558		-
Repurchase agreements		30,501		30,501		-		30,501		-
FHLBP advances		20,000		20,413		-		20,413		-
Junior subordinated debentures and other borrowings		9,279		8,067		-		8,067		-
Subordinated debt		9,750		10,131		-		10,131		-
Accrued interest payable		322		322		-		322		-
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		-		-		-		-		-