Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of fair values of financial instruments

The fair values of the Company’s financial instruments are as follows at March 31, 2015 and December 31, 2014:

	Carrying		Fair		Fair Value Measurements at March 31, 2015
(In Thousands)	Value		Value		Level I		Level II		Level III
Financial assets:
Cash and cash equivalents	$	21,772	$	21,772	$	21,772	$	—	$	—
Investment securities:
Available for sale	225,302		225,302		13,951		211,351		—
Loans held for sale	1,063		1,063		1,063		—		—
Loans, net	933,044		950,557		—		—		950,557
Bank-owned life insurance	26,165		26,165		26,165		—		—
Accrued interest receivable	4,326		4,326		4,326		—		—
Financial liabilities:
Interest-bearing deposits	$	750,258	$	738,739	$	522,550	$	—	$	216,189
Noninterest-bearing deposits	246,231		246,231		246,231		—		—
Short-term borrowings	30,625		30,625		30,625		—		—
Long-term borrowings	86,176		88,147		—		—		88,147
Accrued interest payable	439		439		439		—		—

	Carrying		Fair		Fair Value Measurements at December 31, 2014
(In Thousands)	Value		Value		Level I		Level II		Level III
Financial assets:
Cash and cash equivalents	$	19,908	$	19,908	$	19,908	$	—	$	—
Investment securities:
Available for sale	232,213		232,213		15,424		216,789		—
Loans held for sale	550		550		550		—		—
Loans, net	905,000		916,597		—		—		916,597
Bank-owned life insurance	25,959		25,959		25,959		—		—
Accrued interest receivable	3,912		3,912		3,912		—		—
Financial liabilities:
Interest-bearing deposits	$	738,041	$	722,724	$	506,875	$	—	$	215,849
Noninterest-bearing deposits	243,378		243,378		243,378		—		—
Short-term borrowings	40,818		40,818		40,818		—		—
Long-term borrowings	71,176		73,084		—		—		73,084
Accrued interest payable	381		381		381		—		—