Disclosures about Fair Value of Financial Instruments and Other Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements of Assets Recognized in Consolidated Balance Sheets Measured at Fair Value on Recurring Basis

The following tables present the fair value measurements of assets recognized in the accompanying balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2013 and 2012:

			December 31, 2013
			Fair Value Measurements Using
			Quoted Prices in		Significant
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
	Fair		Assets		Inputs		Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
U.S government agencies	$	20,151	$	––	$	20,151	$	––
State and political subdivisions		6,387		––		6,387		––
Equity securities		26		26		––		––

			December 31, 2012
			Fair Value Measurements Using
			Quoted Prices in		Significant
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
	Fair		Assets		Inputs		Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
U.S government agencies	$	24,070	$	––	$	24,070	$	––
State and political subdivisions		10,759		––		10,759		––
Equity securities		24		24		––		––

Fair Value Measurements of Assets Recognized in Consolidated Balance Sheets Measured at Fair Value on Nonrecurring Basis

The following tables present the fair value measurements of assets recognized in the accompanying balance sheets measured at fair value on a non-recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2013 and 2012:

			December 31, 2013
			Fair Value Measurements Using
			Quoted Prices in		Significant
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
	Fair		Assets		Inputs		Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
Collateral dependent impaired loans	$	1,096	$	––	$	––	$	1,096
Foreclosed assets held for sale		695		––		––		695

			December 31, 2012
			Fair Value Measurements Using
			Quoted Prices in		Significant
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
	Fair		Assets		Inputs		Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
Collateral dependent impaired loans	$	3,573	$	––	$	––	$	3,573
Foreclosed assets held for sale		736		––		––		736

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following tables present quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements.

	Fair Value at		Valuation
	12/31/13		Technique	Unobservable Inputs	Range
	(In thousands)
Foreclosed assets held for sale	$	695	Market comparable properties	Comparability adjustments	Not available
Collateral-dependent impaired loans		1,096	Market comparable properties	Marketability discount	10% – 35%

	Fair Value at		Valuation
	12/31/12		Technique	Unobservable Inputs	Range
	(In thousands)
Foreclosed assets held for sale	$	736	Market comparable properties	Comparability adjustments	Not available
Collateral-dependent impaired loans		3,573	Market comparable properties	Marketability discount	10% – 35%

Estimated Fair Values of Company's Financial Instruments

			Fair Value Measurements Using
			Quoted Prices
			In Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Carrying		Assets		Inputs		Inputs
	Amount		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
December 31, 2013
Financial assets
Cash and cash equivalents	$	23,474	$	23,474	$	––	$	––
Held-to-maturity securities		955		––		970		––
Loans, net of allowance		306,608		––		––		306,181
Federal Home Loan Bank stock		4,810		––		4,810		––
Accrued interest receivable		1,022		––		1,022		––
Financial liabilities
Deposits		310,641		––		296,300		––
Short term borrowings		5,746		––		5,746		––
Federal Home Loan Bank advances		26,991		––		28,998		––
Subordinated debentures		4,000		––		3,729		––
Interest payable		144		––		144		––

The classification of the assets and liabilities pursuant to the valuation hierarchy as of December 31, 2012 in the following table have not been audited. The fair value has been derived from the December 31, 2012 audited consolidated financial statements.

			Fair Value Measurements Using
			Quoted Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Carrying		Assets		Inputs		Inputs
	Amount		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
December 31, 2012
Financial assets
Cash and cash equivalents	$	75,108	$	75,108	$	––	$	––
Held-to-maturity securities		2,768		––		2,840		––
Loans, net of allowance		293,774		––		––		295,134
Federal Home Loan Bank stock		4,810		––		4,810		––
Accrued interest receivable		1,076		––		1,076		––
Financial liabilities
Deposits		350,416		––		346,761		––
Short term borrowings		10,681		––		10,681		––
Federal Home Loan Bank advances		32,439		––		35,649		––
Subordinated debentures		4,000		––		3,712		––
Interest payable		193		––		193		––