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Fair Value (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping [Table Text Block]
For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy are as follows:
 
(Dollar amounts in thousands)
 
 
 
 
(Level 1)
 
(Level 2)
 
 
 
 
 
 
 
 
 
Quoted Prices in
 
Significant
 
(Level 3)
 
 
 
 
 
 
Active Markets
 
Other
 
Significant
 
 
 
 
 
 
for Identical
 
Observable
 
Unobservable
 
Description
 
Total
 
Assets
 
Inputs
 
Inputs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and federal agency
 
$
6,750
 
$
6,750
 
$
-
 
$
-
 
U.S. government sponsored entities and agencies
 
 
26,912
 
 
-
 
 
26,912
 
 
-
 
Mortgage-backed securities: residential
 
 
15,601
 
 
-
 
 
15,601
 
 
-
 
Collateralized mortgage obligations: residential
 
 
44,702
 
 
-
 
 
44,702
 
 
-
 
State and political subdivision
 
 
45,891
 
 
-
 
 
45,891
 
 
-
 
Corporate debt securities
 
 
3,986
 
 
-
 
 
3,986
 
 
-
 
Equity securities
 
 
2,439
 
 
1,786
 
 
-
 
 
653
 
 
 
$
146,281
 
$
8,536
 
$
137,092
 
$
653
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury and federal agency
 
$
3,967
 
$
3,967
 
$
-
 
$
-
 
U.S. government sponsored entities and agencies
 
 
28,162
 
 
-
 
 
28,162
 
 
-
 
Mortgage-backed securities: residential
 
 
22,724
 
 
-
 
 
22,724
 
 
-
 
Collateralized mortgage obligations: residential
 
 
22,475
 
 
-
 
 
22,475
 
 
-
 
State and political subdivision
 
 
36,765
 
 
-
 
 
36,765
 
 
-
 
Corporate debt securities
 
 
3,761
 
 
-
 
 
3,761
 
 
-
 
Equity securities
 
 
2,352
 
 
1,699
 
 
-
 
 
653
 
 
 
$
120,206
 
$
5,666
 
$
113,887
 
$
653
 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table presents changes in Level 3 assets measured on a recurring basis for the three and six month periods ended June 30, 2013 and 2012:
 
(Dollar amounts in thousands)
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30,
 
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
Balance at the beginning of the period
 
$
653
 
$
-
 
$
653
 
$
-
 
Total gains or losses (realized/unrealized):
 
 
-
 
 
-
 
 
-
 
 
-
 
Included in earnings
 
 
-
 
 
-
 
 
-
 
 
-
 
Included in other comprehensive income
 
 
-
 
 
-
 
 
-
 
 
-
 
Issuances
 
 
-
 
 
-
 
 
-
 
 
-
 
Transfers in and/or out of Level 3
 
 
-
 
 
-
 
 
-
 
 
-
 
Balance at the end of the period
 
$
653
 
$
-
 
$
653
 
$
-
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block]
For assets measured at fair value on a non-recurring basis, the fair value measurements by level within the fair value hierarchy are as follows:
 
(Dollar amounts in thousands)
 
 
 
 
(Level 1)
 
(Level 2)
 
 
 
 
 
 
 
 
 
Quoted Prices in
 
Significant
 
(Level 3)
 
 
 
 
 
 
Active Markets
 
Other
 
Significant
 
 
 
 
 
 
for Identical
 
Observable
 
Unobservable
 
Description
 
Total
 
Assets
 
Inputs
 
Inputs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired commercial real estate loans
 
 
2,510
 
 
-
 
 
-
 
 
2,510
 
Other residential real estate owned
 
 
35
 
 
-
 
 
-
 
 
35
 
 
 
$
2,545
 
$
-
 
$
-
 
$
2,545
 
December 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired commercial real estate loans
 
$
2,620
 
$
-
 
$
-
 
$
2,620
 
Other residential real estate owned
 
 
45
 
 
-
 
 
-
 
 
45
 
 
 
$
2,665
 
$
-
 
$
-
 
$
2,665
 
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
The following table presents quantitative information about Level 3 fair value measurements for assets measured at fair value on a non-recurring basis:
 
(Dollar amounts in thousands)
 
 
 
 
Valuation
 
Unobservable
 
 
 
 
 
 
 
Techniques(s)
 
Input (s)
 
Range
 
 
 
 
 
 
 
 
 
 
June 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired commercial real estate loans
 
 
2,510
 
Sales comparison approach/ Contractual provision of USDA loan
 
Adjustment for differences between comparable sales
 
0% - 20%
 
 
 
 
 
 
 
 
 
 
Other residential real estate owned
 
 
35
 
Sales comparison approach
 
Adjustment for differences between comparable sales
 
10%
 
 
 
 
 
 
 
 
 
 
December 31, 2012:
 
 
 
 
 
 
 
 
 
Impaired commercial real estate loans
 
 
2,620
 
Sales comparison approach/ Contractual provision of USDA loan
 
Adjustment for differences between comparable sales
 
10% - 25%
 
 
 
 
 
 
 
 
 
 
Other residential real estate owned
 
 
45
 
Sales comparison approach
 
Adjustment for differences between comparable sales
 
10%
Schedule Of Carrying Amount and Fair Values Of Financial Instruments [Table Text Block]
The following table sets forth the carrying amount and estimated fair values of the Corporation’s financial instruments included in the consolidated balance sheet as of June 30, 2013 and December 31, 2012:
 
(Dollar amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Carrying
 
Fair Value Measurements using:
 
Description
 
Amount
 
Total
 
Level 1
 
Level 2
 
Level 3
 
June 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
11,405
 
$
11,405
 
$
11,405
 
$
-
 
$
-
 
Securities available for sale
 
 
146,281
 
 
146,281
 
 
8,536
 
 
137,092
 
 
653
 
Loans, net
 
 
334,291
 
 
340,484
 
 
-
 
 
-
 
 
340,484
 
Federal bank stock
 
 
3,440
 
 
N/A
 
 
N/A
 
 
N/A
 
 
N/A
 
Accrued interest receivable
 
 
1,582
 
 
1,582
 
 
35
 
 
498
 
 
1,049
 
 
 
 
496,999
 
 
499,752
 
 
19,976
 
 
137,590
 
 
342,186
 
Financial Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
 
 
449,497
 
 
451,714
 
 
331,083
 
 
120,631
 
 
-
 
FHLB advances
 
 
20,000
 
 
26,921
 
 
-
 
 
26,921
 
 
-
 
Accrued interest payable
 
 
377
 
 
377
 
 
7
 
 
370
 
 
-
 
 
 
 
469,874
 
 
479,012
 
 
331,090
 
 
147,922
 
 
-
 
 
 
 
Carrying
 
Fair Value Measurements using:
 
 
 
Amount
 
Total
 
Level 1
 
Level 2
 
Level 3
 
December 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
20,424
 
$
20,424
 
$
20,424
 
$
-
 
$
-
 
Securities available for sale
 
 
120,206
 
 
120,206
 
 
5,666
 
 
113,887
 
 
653
 
Loans, net
 
 
333,801
 
 
340,840
 
 
-
 
 
-
 
 
340,840
 
Federal bank stock
 
 
2,885
 
 
N/A
 
 
N/A
 
 
N/A
 
 
N/A
 
Accrued interest receivable
 
 
1,533
 
 
1,533
 
 
23
 
 
383
 
 
1,127
 
 
 
 
478,849
 
 
483,003
 
 
26,113
 
 
114,270
 
 
342,620
 
Financial Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
 
 
432,459
 
 
436,279
 
 
300,805
 
 
135,474
 
 
-
 
FHLB advances
 
 
20,000
 
 
22,613
 
 
-
 
 
22,613
 
 
-
 
Accrued interest payable
 
 
442
 
 
442
 
 
55
 
 
387
 
 
-
 
 
 
 
452,901
 
 
459,334
 
 
300,860
 
 
158,474
 
 
-