Fair Value Measurement and Disclosures (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Measurements and Disclosures [Abstract]

Fair Value Measurements by Level of Valuation Inputs [Table Text Block]

September 30, 2012	Quoted prices in active markets for identical assets (Level 1)	Significant other observable input (Level 2)	Significant unobservable inputs (Level 3)	Balance at end of period
Recurring fair value measurements
Securities available-for-sale
U.S. Government agency securities	-	$   105,283	-	$105,283
State and municipal securities	-	87,324	-	87,324
U.S. Government agencies and sponsored enterprises (GSEs)
Mortgage-backed securities	-	126,570	-	126,570
Collateralized mortgage             obligations (CMOs)	-	97,401	-	97,401
Pooled trust preferred securities	-	-	$    1,961	1,961
Corporate debt securities	-	2,525	-	2,525
Equity securities	$             4,151	-	-	4,151
Total securities available-for-sale	$             4,151	$   419,103	$    1,961	$425,215
Total recurring fair value measurements	$             4,151	$   419,103	$    1,961	$425,215
Nonrecurring fair value measurments
Impaired loans	$                 -	$           -	$    5,629	$    5,629
Mortgage servicing rights	-	-	457	457
Total nonrecurring fair value measurements	$                 -	$           -	$    6,086	$    6,086
December 31, 2011	Quoted prices in active markets for identical assets (Level 1)	Significant other observable input (Level 2)	Significant unobservable inputs (Level 3)	Balance at end of period
Recurring fair value measurements
Securities available-for-sale
U.S. Government agency securities	-	$    68,493	-	$  68,493
State and municipal securities	-	78,786	-	78,786
U.S. Government agencies and sponsored enterprises (GSEs) - residential
Mortgage-backed securities	-	113,243	-	113,243
Collateralized mortgage             obligations (CMOs)	-	79,345	-	79,345
Pooled trust preferred securities	-	-	$    1,929	1,929
Corporate debt securities	-	2,495	-	2,495
Equity securities	$             3,800	-	-	3,800
Total securities available-for-sale	$             3,800	$   342,362	$    1,929	$348,091
Total recurring fair value measurements	$             3,800	$   342,362	$    1,929	$348,091
Nonrecurring fair value measurments
Impaired loans	$                 -	$           -	$    7,808	$    7,808
Mortgage servicing rights	-	-	490	490
Other real estate owned	-	-	126	126
Total nonrecurring fair value measurements	$                 -	$           -	$    8,424	$    8,424

Quantitative Information About Level 3 Fair Value Measurements [Table Text Block]

Quantitative information about Level 3 fair value measurements
September 30, 2012	Fair value	Valuation techniques	Unobservable input	Value or range of values
Impaired loans	$5,629	Appraisal of collateral (1)	Appraisal adjustments (2)	0% to -35%
			Liquidation expenses (2)	0% to -10%
Mortgage servicing rights	457	Discounted cash flow	Remaining term	1 - 30 yrs
			Discount rate	10% to 11%
(1) Fair value is primarily determined through appraisals of the underlying collateral by independent parties, which generally includes various level 3 inputs which are not always identifiable.
(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range is presented as a percent of the initial appraised value.

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	Fair value measurements using
	significant unobservable inputs
	(Level 3)
Balance, beginning of year	$ 1,929
Settlements	(121)
Total realized/unrealized gains (losses)
Included in earnings	-
Included in other comprehensive income	153
Transfers in and/or out of Level 3	-
Balance, September 30, 2012	$ 1,961

Carrying Amount and Fair Value by Balance Sheet Grouping [Table Text Block]

The estimated fair values and carrying amounts of the Company's financial and off-balance sheet instruments are summarized as follows:

			Fair value measurements
September 30, 2012	Carrying amount	Fair value	Quoted prices in active markets for identical assets (Level 1)	Significant other observable inputs (Level 2)	Significant unobservable inputs (Level 3)
Financial assets
Cash and cash equivalents	$  11,662	$     11,662	$  11,662	-	-
Investment securities available-for-sale	425,215	425,215	4,151	$419,103	$     1,961
Investment securities held-to-maturity	146	167	-	167	-
Restricted investment in bank stocks	1,636	1,636	1,636	-	-
Loans held-for-sale	349	369	-	369	-
Net loans	468,270	472,439	-	-	472,439
Mortgage servicing rights	457	483	-	-	483
Accrued interest receivable	3,129	3,129	3,129	-	-
Financial liabilities
Deposits with no stated maturities	$538,565	$   538,565	$538,565	-	$         -
Deposits with stated maturities	278,633	280,275	-	$280,275	-
Short-term borrowings	31,925	31,925	31,925	-	-
Long-term debt	5,290	5,691	-	5,691	-
Accrued interest payable	501	501	501	-	-
Off-balance sheet instruments
Commitments to extend credit	$        -	$           -	$        -	$        -	$         -
Standby letters of credit	-	-	-	-	-

	Carrying
December 31, 2011	amount	Fair value
Financial assets
Cash and cash equivalents	$   10,555	$     10,555
Investment securities available-for-sale	348,091	348,091
Investment securities held-to-maturity	1,327	1,365
Restricted investment in bank stocks	1,775	1,775
Loans held-for-sale	935	969
Net loans	480,695	470,100
Mortgage servicing rights	490	542
Accrued interest receivable	2,990	2,990
Financial liabilities
Deposits with no stated maturities	$ 465,688	$   465,688
Deposits with stated maturities	285,024	285,418
Short-term borrowings	24,021	24,021
Long-term debt	20,299	20,967
Accrued interest payable	789	789
Off-balance sheet instruments
Commitments to extend credit	$         -	$           -
Standby letters of credit	-	-