Fair Value Measurements And Fair Values Of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Measurements And Fair Values Of Financial Instruments [Abstract]

Fair Value, By Balance Sheet Grouping

	September 30, 2014
	Carrying		Fair
(Dollars in thousands)	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	56,207	$	56,207	$	56,207	$	-	$	-
Investment securities available for sale		176,111		176,111		610		175,501		-
Restricted stock		1,938		1,938		-		1,938		-
Loans held for sale		1,333		1,333		-		1,333		-
Net loans		721,710		726,221		-		-		726,221
Accrued interest receivable		2,853		2,853		-		2,853		-
Mortgage servicing rights		172		172		-		-		172
Financial liabilities:
Deposits	$	898,865	$	899,010	$	-	$	899,010	$	-
Securities sold under agreements to repurchase		1,556		1,556		-		1,556		-
Long-term debt		12,000		12,237		-		12,237		-
Accrued interest payable		242		242		-		242		-
Interest rate swaps		286		286		-		286		-
	December 31, 2013
	Carrying		Fair
(Dollars in thousands)	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	40,745	$	40,745	$	40,745	$	-	$	-
Investment securities available for sale		159,674		159,674		1,970		157,704		-
Restricted stock		1,906		1,906		-		1,906		-
Loans held for sale		349		349		-		349		-
Net loans		713,711		722,119		-		-		722,119
Accrued interest receivable		3,087		3,087		-		3,087		-
Mortgage servicing rights		184		184		-		-		184
Financial liabilities:
Deposits	$	845,724	$	846,289	$	-	$	846,289	$	-
Securities sold under agreements to repurchase		23,834		23,834		-		23,834		-
Long-term debt		12,403		12,999		-		12,999		-
Accrued interest payable		229		229		-		229		-
Interest rate swaps		561		561		-		561		-

Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis

(Dollars in Thousands)	Fair Value at September 30, 2014
Asset  Description	Level 1		Level 2		Level 3		Total
Equity securities	$	610	$	-	$	-	$	610
Obligations of U.S. Government agencies		-		16,091		-		16,091
Obligations of state and political subdivisions		-		66,174		-		66,174
Trust Preferred Securities		-		5,347		-		5,347
Agency mortgage-backed securities		-		86,042		-		86,042
Private-label mortgage-backed securities		-		1,803		-		1,803
Asset-backed securities		-		44		-		44
Total assets	$	610	$	175,501	$	-	$	176,111
Liability Description
Interest rate swaps	$	-	$	286	$	-	$	286
Total liabilities	$	-	$	286	$	-	$	286

(Dollars in Thousands)	Fair Value at December 31, 2013
Asset  Description	Level 1		Level 2		Level 3		Total
Equity securities	$	1,970	$	-	$	-	$	1,970
Obligations of U.S. Government agencies		-		11,751		-		11,751
Obligations of state and political subdivisions		-		56,857		-		56,857
Corporate debt securities		-		1,001		-		1,001
Trust Preferred Securities		-		5,051		-		5,051
Agency mortgage-backed securities		-		81,027		-		81,027
Private-label mortgage-backed securities		-		1,969		-		1,969
Asset-backed securities		-		48		-		48
Total assets	$	1,970	$	157,704	$	-	$	159,674
Liability Description
Interest rate swaps	$	-	$	561	$	-	$	561
Total liabilities	$	-	$	561	$	-	$	561

Fair Value Measurements, Nonrecurring

(Dollars in Thousands)
	Fair Value at September 30, 2014
Asset  Description	Level 1		Level 2		Level 3		Total
Impaired loans (1)	$	-	$	-	$	3,083	$	3,083
Other real estate owned (1)		-		-		538		538
Mortgage servicing rights		-		-		172		172
Total assets	$	-	$	-	$	3,793	$	3,793

(Dollars in Thousands)	Fair Value at December 31, 2013
Asset  Description	Level 1		Level 2		Level 3		Total
Impaired loans (1)	$	-	$	-	$	8,588	$	8,588
Other real estate owned (1)		-		-		498		498
Mortgage servicing rights		-		-		184		184
Total assets	$	-	$	-	$	9,270	$	9,270

(1) Includes assets directly charged-down to fair value during the year-to-date period.

Fair Value Inputs, Assets, Quantitative Information

		Quantitative Information about Level 3 Fair Value Measurements
(Dollars in Thousands)		at September 30, 2014
					Range
Asset  Description		Fair Value	Valuation Technique	Unobservable Input	(Weighted Average)
Impaired loans (1)	$	3,083	Appraisal	Appraisal Adjustments (2)	0% - 100%(22.93%)
				Cost to sell	0% - 10%(5.52%)
Other real estate owned (1)		538	Appraisal	Appraisal Adjustments (2)
				Cost to sell	8%(8%)
Mortgage servicing rights		172	Discounted Cash Flow (3)
		at December 31, 2013
Impaired loans (1)	$	8,588	Appraisal	Appraisal Adjustments (2)	0% - 60%(5%)
				Cost to sell	5% - 13.5%(7%)
Other real estate owned (1)		498	Appraisal	Appraisal Adjustments (2)
				Cost to sell	8%(8%)
Mortgage servicing rights		184	Discounted Cash Flow (3)
(1) Includes assets directly charged-down to fair value during the year-to-date period.
(2) Qualitative adjustments are discounts specific to each asset and are made as needed.
(3) Valuation and inputs are determined by a third-party pricing service without adjustment.