Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value Measurements [Abstract]

Fair Value, Assets Measured on Recurring Basis

The tables below present the recorded amount of assets as of June 30, 2016 and December 31, 2015 measured at fair value on a recurring basis.

(dollars in thousands)	June 30, 2016
Description of Asset	Fair Value	Level 1	Level 2	Level 3
Available for sale securities
Asset-backed securities issued by GSEs
CMOs	$           32,721	$                    -	$           32,721	$                    -
MBS	2,557	-	2,557	-
Corporate equity securities	37	-	37	-
Bond mutual funds	4,522	-	4,522	-
Total available for sale securities	$           39,837	$                    -	$           39,837	$                    -

(dollars in thousands)	December 31, 2015
Description of Asset	Fair Value	Level 1	Level 2	Level 3
Available for sale securities
Asset-backed securities issued by GSEs
CMOs	$           30,664	$                    -	$           30,664	$                    -
MBS	26	-	26	-
Corporate equity securities	39	-	39	-
Bond mutual funds	4,387	-	4,387	-
Total available for sale securities	$           35,116	$                    -	$           35,116	$                    -

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

(dollars in thousands)	June 30, 2016
Description of Asset	Fair Value	Level 1	Level 2	Level 3
Loans with impairment
Commercial real estate	$            1,822	$                    -	$            1,822	$                    -
Residential first mortgages	465	-	465	-
Residential rentals	186		186
Construction and land development	33	-	33	-
Commercial equipment	28	-	28	-
Total loans with impairment	$            2,534	$                    -	$            2,534	$                    -
Other real estate owned	$            8,460	$                    -	$            8,460	$                    -

(dollars in thousands)	December 31, 2015
Description of Asset	Fair Value	Level 1	Level 2	Level 3
Loans with impairment
Commercial real estate	$            1,765	$                    -	$            1,765	$                    -
Residential first mortgages	469	-	469	-
Residential rentals	141	-	141
Construction and land development	33	-	33	-
Commercial loans	50	-	50	-
Total loans with impairment	$            2,458	$                    -	$            2,458	$                    -
Premises and equipment held for sale	$            2,000	$                    -	$            2,000	$                    -
Other real estate owned	$            9,449	$                    -	$            9,449	$                    -