Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value of Financial Instruments [Abstract]

Fair Value Measurements on Differing Levels [Table Text Block]

		March 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	$	-	$	41,107	$	-	$	41,107
GSE mortgage-backed securities		-		21,166		-		21,166
Collateralized mortgage obligations GSE		-		26,594		-		26,594
Corporate bonds		-		35,260		-		35,260
State and municipal tax-exempt bonds		-		5,185		-		5,185
Asset-backed securities		-		2,975		-		2,975
Certificates of deposit		-		1,253		-		1,253
Equity securities		15		-		-		15
Total assets measured at fair value on a recurring basis	$	15	$	133,540	$	-	$	133,555
Assets Measured at Fair Value on a Nonrecurring Basis
Impaired loans	$	-	$	-	$	5,499	$	5,499
Total assets measured at fair value on a nonrecurring basis	$	-	$	-	$	5,499	$	5,499

		December 31, 2012
(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	$	-	$	35,539	$	-	$	35,539
GSE mortgage-backed securities		-		22,392		-		22,392
Collateralized mortgage obligations GSE		-		21,650		-		21,650
Corporate bonds		-		41,447		-		41,447
State and municipal tax-exempt		-		3,185		-		3,185
Asset-backed securities		-		9,813		-		9,813
Certficates of deposit		-		1,248		-		1,248
Equity securities		14		-		-		14
Total assets measured at fair value on a recurring basis	$	14	$	135,274	$	-	$	135,288
Assets Measured at Fair Value on a Nonrecurring Basis
Impaired loans	$	-	$	-	$	6,823	$	6,823
OREO and other repossessed property		-		-		213		213
Total assets measured at fair value on a nonrecurring basis	$	-	$	-	$	7,036	$	7,036

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)*
March 31, 2013
Impaired loans- Commercial construction	$	1,864	Appraisal of collateral (1)	Appraisal adj.	0%	to	0%	(0%)
				Disposal costs	-10%	to	-10%	(-10%)
Impaired loans- Commercial mortgage	$	3,368	Appraisal of collateral (1)	Disposal costs (2)	-5%	to	-10%	(-7%)
Impaired loans- Residential mortgage	$	267	Appraisal of collateral (1)	Appraisal adj.	-40%	to	-40%	(-40%)
				Disposal costs	-8%	to	-8%	(-8%)

* As of March 31, 2013 there is only 1 loan in the commercial construction and residential mortgage loan types.

(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]

		March 31, 2013
		Carrying		Fair
(Dollars in thousands)		Amount		Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	15,575	$	15,575	$	15,575	$	-	$	-
AFS investment securities		133,555		133,555		15		133,540		-
HTM investment securities		66,974		68,470		-		68,470		-
Restricted stock		3,426		3,426		-		3,426		-
Loans and leases, net of allowance		394,910		393,624		-		-		393,624
Accrued interest receivable		2,726		2,726		-		2,726		-
Financial liabilities
Deposits:
Non-interest-bearing deposits		86,343		86,343		-		86,343		-
Interest-bearing deposits:		351,955		351,955		-		351,955		-
Time		99,240		99,782		-		99,782		-
Repurchase agreements		21,815		21,815		-		21,815		-
FHLBP advances		10,000		11,439		-		11,439		-
Junior subordinated debentures and other borrowings		9,279		9,258		-		-		9,258
Accrued interest payable		357		357		-		357		-
Off-balance sheet instruments		-		-		-		-		-

		December 31, 2012
		Carrying		Fair
(Dollars in thousands)		Amount		Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	17,149	$	17,149	$	17,149	$	-	$	-
AFS investment securities		135,288		135,288		14		135,274		-
HTM investment securities		66,024		68,307		-		68,307		-
Restricted stock		3,426		3,426		-		3,426		-
Loans and leases, net of allowance		389,660		391,533		-		-		391,533
Accrued interest receivable		2,470		2,470		-		2,470		-
Financial liabilities
Deposits:
Non-interest-bearing deposits		85,055		85,055		-		85,055		-
Interest-bearing deposits:		343,053		343,053		-		343,053		-
Time		102,316		103,045		-		103,045		-
Repurchase agreements		17,014		17,014		-		17,014		-
FHLBP advances		20,000		21,592		-		21,592		-
Junior subordinated debentures and other borrowings		9,279		9,256		-		-		9,256
Accrued interest payable		421		421		-		421		-
Off-balance sheet instruments		-		-		-		-		-