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Fair Value of Assets and Liabilities (Tables)
 9 Months Ended
Sep. 30, 2014
Fair Value Of Assets and Liabilities [Abstract]  
Summary of fair value measurements of assets measured at fair value on a recurring basis

 

($'s in thousands) Fair 
Values at		  Fair Value Measurements Using: 
Description 9/30/2014  Level 1  Level 2  Level 3 
Available-for-Sale Securities:                
U.S. Treasury and Government Agencies $18,136  $-  $18,136  $- 
Mortgage-backed securities  43,840   -   43,840   - 
State and political subdivisions  19,149   -   19,149   - 
Equity securities  23   -   23   - 
Interest rate contracts - assets  221   -   221   - 
Interest rate contracts - liabilities  (221)  -   (221)  - 

 

($'s in thousands) Fair 
Values at		  Fair Value Measurements Using: 
Description 12/31/2013  Level 1  Level 2  Level 3 
Available-for-Sale Securities:                
U.S. Treasury and Government Agencies $11,300  $-  $11,300  $- 
Mortgage-backed securities  57,223   -   57,223   - 
State and political subdivisions  18,155   -   18,155   - 
Money Market Mutual Funds  3,092   3,092   -   - 
Equity securities  23   -   23   - 
Interest rate contracts - assets  257   -   257   - 
Interest rate contracts - liabilities  (257)  -   (257)  - 

 
Summary of fair value measurements of assets measured at fair value on a non-recurring basis
($'s in thousands) Fair 
Values at		  Fair Value Measurements Using: 
Description 9/30/2014  Level 1  Level 2  Level 3 
Collateral dependent impaired loans $2,600  $-  $-  $2,600 
Mortgage servicing rights  1,777   -   -   1,777 
Foreclosed assets  145   -   -   145 

 

($'s in thousands) Fair 
Values at		  Fair Value Measurements Using: 
Description 12/31/2013  Level 1  Level 2  Level 3 
Collateral dependent impaired loans $3,540  $-  $-  $3,540 
Mortgage servicing rights  2,029   -   -   2,029 
Foreclosed assets  45   -   -   45 

 
Summary of quantitative information about unobservable inputs used in recurring and nonrecurring

  Fair
Value at		  Valuation Unobservable Range (Weighted
($'s in thousands) 9/30/2014  Technique Inputs Average)
Collateral-dependent impaired loans $2,600  Market comparable Comparability adjustments (%) Not available
      properties    
Mortgage servicing rights  1,777  Discounted cash flow Discount Rate 9.75%
        Constant prepayment rate 9.20%
        P&I earnings credit 0.15%
        T&I earnings credit 1.82%
        Inflation for cost of servicing 1.50%
Foreclosed assets  145  

Market comparable

properties

 Marketability discount 10.00%

 

  Fair 
Value at		  Valuation Unobservable Range (Weighted
($'s in thousands) 12/31/2013  Technique Inputs Average)
Collateral-dependent impaired loans $3,540  Market comparable Comparability adjustments (%) Not available
      properties    
Mortgage servicing rights  2,029  Discounted cash flow Discount Rate 10.25%
        Constant prepayment rate 8.50%
        P&I earnings credit 0.17%
        T&I earnings credit 1.54%
        Inflation for cost of servicing 1.50%
           
Foreclosed assets  45  

Market comparable

properties

 Marketability discount 10.00%

 
Summary of estimated fair values of company's financial instruments
September 30, 2014 Carrying  Fair Value Measurements Using 
($'s in thousands) Amount  (Level 1)  (Level 2)  (Level 3) 
             
Financial assets            
Cash and cash equivalents $21,870  $21,870  $-  $- 
Loans held for sale  6,736   -   6,912   - 
Loans, net of allowance for loan losses  499,211   -   -   499,580 
Federal Reserve and FHLB Bank stock  3,748   -   3,748   - 
Mortgage Servicing Rights  5,720   -   -   6,629 
Accrued interest receivable  1,853   -   1,853   - 
                 
Financial liabilities                
Deposits $535,261  $90,261  $447,295  $- 
Notes Payable 7,000   - 6,996   - 
FHLB advances  30,000   -   29,807   - 
Repurchase agreements  17,902   -   17,902   - 
Trust preferred securities  10,310   -   7,153   - 
Accrued interest payable  355   -   355   - 

 

December 31, 2013 Carrying  Fair Value Measurements Using 
($'s in thousands) Amount  (Level 1)  (Level 2)  (Level 3) 
             
Financial assets            
Cash and cash equivalents $13,137  $13,137  $-  $- 
Loans held for sale  3,336   -   3,476   - 
Loans, net of allowance for loan losses  470,339   -   -   469,505 
Federal Reserve and FHLB Bank stock  3,748   -   3,748   - 
Mortgage Servicing Rights  5,180   -   -   6,237 
Accrued interest receivable  1,281   -   1,281   - 
                 
Financial liabilities                
Deposits $518,234  $81,570  $439,273  $- 
Notes payable  589   -   600   - 
FHLB advances  16,000   -   15,955   - 
Repurchase agreements  14,696   -   14,696   - 
Trust preferred securities  20,620   -   15,566   - 
Accrued interest payable  639   -   639   -