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

12 Months Ended

Dec. 31, 2015

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, 2015 and 2014:

			December 31, 2015
			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	$	31,961	$	––	$	31,961	$	––
State and political subdivisions		2,662		––		2,662		––

			December 31, 2014
			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	$	14,380	$	––	$	14,380	$	––
State and political subdivisions		4,946		––		4,946		––
Equity securities		22		22		––		––

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, 2015 and 2014:

			December 31, 2015
			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	$	641	$	––	$	––	$	641
Foreclosed assets held for sale		327		––		––		327

			December 31, 2014
			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	$	301	$	––	$	––	$	301
Foreclosed assets held for sale		991		––		––		991

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
	12/31/15		Technique	Unobservable Inputs	Range
	(In thousands)
Collateral-dependent impaired loans	$	641	Market comparable properties	Comparability adjustments	Not available
Foreclosed assets held for sale		327	Market comparable properties	Marketability discount	10% – 35%

	Fair Value at		Valuation
	12/31/14		Technique	Unobservable Inputs	Range
	(In thousands)
Collateral-dependent impaired loans	$	301	Market comparable properties	Comparability adjustments	Not available
Foreclosed assets held for sale		991	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, 2015
Financial assets
Cash and cash equivalents	$	12,701	$	12,701	$	––	$	––
Loans, net of allowance		327,226		––		––		325,354
Federal Home Loan Bank stock		4,210		––		4,210		––
Accrued interest receivable		803		––		803		––
Financial liabilities
Deposits		323,622		––		307,172		––
Short term borrowings		5,691		––		5,691		––
Federal Home Loan Bank advances		26,530		––		27,347		––
Subordinated debentures		4,124		––		3,238		––
Interest payable		123		––		123		––

The classification of the assets and liabilities pursuant to the valuation hierarchy as of December 31, 2014 in the following table have not been audited. The fair value has been derived from the December 31, 2014 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, 2014
Financial assets
Cash and cash equivalents	$	39,164	$	39,164	$	––	$	––
Held-to-maturity securities		450		––		450		––
Loans, net of allowance		313,354		––		––		312,014
Federal Home Loan Bank stock		4,210		––		4,210		––
Accrued interest receivable		829		––		829		––
Financial liabilities
Deposits		322,681		––		309,186		––
Short term borrowings		5,098		––		5,098		––
Federal Home Loan Bank advances		26,719		––		26,703		––
Subordinated debentures		4,124		––		3,962		––
Interest payable		135		––		135		––