Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Measurements [Abstract]

Fair Value, Assets Measured on Recurring Basis

The tables below present the recorded amount of assets as of June 30, 2015 and December 31, 2014 measured at fair value on a recurring basis.

(dollars in thousands)	June 30, 2015
Description of Asset	Fair Value	Level 1	Level 2	Level 3
Available for sale securities
Asset-backed securities issued by GSEs
CMOs	$           33,959	$                    -	$           33,959	$                    -
MBS	30	-	30	-
Corporate equity securities	40	-	40	-
Bond mutual funds	4,349	-	4,349	-
Total available for sale securities	$           38,378	$                    -	$           38,378	$                    -

(dollars in thousands)	December 31, 2014
Description of Asset	Fair Value	Level 1	Level 2	Level 3
Available for sale securities
Asset-backed securities issued by GSEs
CMOs	$           37,541	$                    -	$           37,541	$                    -
MBS	37	-	37	-
Corporate equity securities	40	-	40	-
Bond mutual funds	4,321	-	4,321	-
Total available for sale securities	$           41,939	$                    -	$           41,939	$                    -

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

(dollars in thousands)	June 30, 2015
Description of Asset	Fair Value	Level 1	Level 2	Level 3
Loans with impairment
Commercial real estate	$            2,406	$                    -	$            2,406	$                    -
Residential first mortgages	430	-	430	-
Commercial loans	354	-	354	-
Commercial equipment	76	-	76	-
Total loans with impairment	$            3,266	$                    -	$            3,266	$                    -
Other real estate owned	$            6,422	$                    -	$            6,422	$                    -

(dollars in thousands)	December 31, 2014
Description of Asset	Fair Value	Level 1	Level 2	Level 3
Loans with impairment
Commercial real estate	$            2,524	$                    -	$            2,524	$                    -
Residential first mortgage	805	-	805	-
Commercial loans	251	-	251	-
Commercial equipment	90	-	90	-
Total loans with impairment	$            3,670	$                    -	$            3,670	$                    -
Other real estate owned	$            5,883	$                    -	$            5,883	$                    -