Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value of Financial Instruments [Abstract]

Fair Value Measurements on Differing Levels [Table Text Block]

		September 30, 2012
								Assets at
(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	$	-	$	36,881	$	-	$	36,881
GSE mortgage-backed securities		-		24,886		-		24,886
Collateralized mortgage obligations GSE		-		10,789		-		10,789
Corporate bonds		-		39,439		-		39,439
State and municipal tax-exempt bonds		-		1,097		-		1,097
Asset-backed securities		-		9,791		-		9,791
Certificates of deposit		-		1,003		-		1,003
Equity securities		14		-		-		14
Total assets measured at fair value on a recurring basis	$	14	$	123,886	$	-	$	123,900
Assets Measured at Fair Value on a Nonrecurring Basis
Impaired loans	$	-	$	-	$	1,263	$	1,263
OREO and other repossessed property		-		-		2,182		2,182
Total assets measured at fair value on a nonrecurring basis	$	-	$	-	$	3,445	$	3,445

		December 31, 2011
								Assets at
(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	$	-	$	43,891	$	-	$	43,891
GSE mortgage-backed securities		-		25,313		-		25,313
Collateralized mortgage obligations GSE		-		6,152		-		6,152
Corporate bonds		-		26,347		-		26,347
Asset-backed securities		-		5,815		-		5,815
Equity securities		12		-		-		12
Total assets measured at fair value on a recurring basis	$	12	$	107,518	$	-	$	107,530
Assets Measured at Fair Value on a Nonrecurring Basis
Impaired loans	$	-	$	-	$	3,649	$	3,649
OREO and other repossessed property		-		-		100		100
Total assets measured at fair value on a nonrecurring basis	$	-	$	-	$	3,749	$	3,749

Quantitative Information about Level 3 Fair Value Measurements [Table Text Block]

Quantitative Information about Level 3 Fair Value Measurement
(Dollars in thousands)		Fair Value	Valuation		Range (Weighted
		Estimate	Techniques	Unobservable Input	Average)*
September 30, 2012
Impaired Loans- Commercial Construction	$	1,225	Income approach	Capitalization rate	(38)	%
				Disposal costs	(2)	%
Impaired Loans- Commercial Mortgage	$	38	Appraisal of collateral (1)	Disposal costs (2)	(23)	%

* As of September 30, 2012 there is only 1 loan in each impaired loan type.

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors and disposal costs. The range and weighted average of disposal costs are presented as a percent of the appraisal.

Estimate of the Fair Value of All Financial Instruments [Table Text Block]

		September 30, 2012
				Estimated
		Carrying		Fair
(Dollars in thousands)		Amount		Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	18,993	$	18,993	$	18,993	$	-	$	-
AFS investment securities		123,900		123,900		14		123,886		-
HTM investment securities		54,090		56,460		-		56,460		-
Restricted stock		3,427		3,427		3,427		-		-
Loans and leases, net of allowance		395,820		400,565		-		-		400,565
Accrued interest receivable		2,788		2,788		2,788		-		-
Financial liabilities
Deposits		517,883		516,357		410,937		105,420		-
Repurchase Agreements		17,407		17,407		17,407		-		-
FHLBP advances		20,000		21,803		-		21,803		-
Junior subordinated debentures and other		9,857		10,478		-		-		10,478
borrowings
Accrued interest payable		371		371		371		-		-
Off-balance sheet instruments		-		-		-		-		-

		December 31, 2011
				Estimated
		Carrying		Fair
(Dollars in thousands)		Amount		Value
Financial assets
Cash and cash equivalents	$	32,877	$	32,877
AFS investment securities		107,530		107,530
HTM investment securities		36,427		37,681
Restricted stock		3,625		3,625
Loans and leases, net of allowance		397,520		395,320
Accrued interest receivable		2,536		2,536
Financial liabilities
Deposits		497,545		490,681
Borrowings		44,368		47,094
Junior subordinated debentures		9,279		8,481
Accrued interest payable		444		444
Off-balance sheet instruments		-		-