Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

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
December 31, 2015:
U.S. Treasury and federal agency	$	1,466	$	1,466	$	-	$	-
U.S. government sponsored entities and agencies		8,953		-		8,953		-
U.S. agency mortgage-backed securities: residential		33,150		-		33,150		-
U.S. agency collateralized mortgage obligations: residential		31,440		-		31,440		-
State and political subdivision		28,591		-		28,591		-
Corporate debt securities		7,487		-		7,487		-
Equity securities		1,894		1,820		-		74
	$	112,981	$	3,286	$	109,621	$	74

December 31, 2014:
U.S. Treasury and federal agency	$	1,456	$	1,456	$	-	$	-
U.S. government sponsored entities and agencies		35,224		-		35,224		-
U.S. agency mortgage-backed securities: residential		38,771		-		38,771		-
U.S. agency collateralized mortgage obligations: residential		36,617		-		36,617		-
State and political subdivision		33,024		-		33,024		-
Corporate debt securities		1,998		-		1,998		-
Equity securities		2,771		1,873		-		898
	$	149,861	$	3,329	$	145,634	$	898

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 years ended December 31, 2015 and 2014:

(Dollar amounts in thousands)	2015		2014
Balance at the beginning of the period	$	898	$	653
Total gains or losses (realized/unrealized):		-		-
Included in earnings		(298)		-
Included in other comprehensive income		61		245
Issuances		-		-
Sales		(587)		-
Transfers in and/or out of Level 3		-		-
Balance at the end of the period	$	74	$	898

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

December 31, 2015:
Impaired commercial business loans	$	596	$	-	$	-	$	596
Other residential real estate owned		13		-		-		13
	$	609	$	-	$	-	$	609

December 31, 2014:
Impaired commercial real estate loans	$	495	$	-	$	-	$	495
Impaired commercial business loans		1,865		-		-		1,865
	$	2,360	$	-	$	-	$	2,360

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:

			Valuation	Unobservable
(Dollar amounts in thousands)			Techniques(s)	Input (s)	Range

December 31, 2015:

Impaired commercial business loans	$	596	Liquidation value of business assets	Adjustment for differences between comparable business assets	65%
Other residential real estate owned		13	Sales comparison approach	Adjustment for differences between comparable sales	10%
December 31, 2014:

Impaired commercial real estate loans	$	495	Sales comparison approach/Contractual provision of USDA loan	Adjustment for differences between comparable sales	10%

Impaired commercial business loans		1,865	Liquidation value of business assets	Adjustment for differences between comparable business assets	44% - 78%

Schedule Of Carrying Amount and Fair Values Of Financial Instruments [Table Text Block]

The following table sets forth the carrying amount and fair value of the Corporation’s financial instruments included in the consolidated balance sheet as of December 31:

(Dollar amounts in thousands)
	Carrying		Fair Value Measurements Using:
Description	Amount		Total		Level 1		Level 2		Level 3
December 31, 2015:
Financial Assets:
Cash and cash equivalents	$	11,546	$	11,546	$	11,546	$	-	$	-
Securities available for sale		112,981		112,981		3,286		109,621		74
Loans, net		429,891		436,009		-		-		436,009
Federal bank stock		4,240		N/A		-		-		-
Accrued interest receivable		1,501		1,501		64		299		1,138
		560,159		562,037		14,896		109,920		437,221
Financial Liabilities:
Deposits		489,887		491,591		376,409		115,182		-
FHLB advances		49,250		50,636		-		50,636		-
Accrued interest payable		179		179		5		174		-
		539,316		542,406		376,414		165,992		-

December 31, 2014:
Financial Assets:
Cash and cash equivalents	$	11,856	$	11,856	$	11,856	$	-	$	-
Securities available for sale		149,861		149,861		3,329		145,634		898
Loans, net		379,648		385,264		-		-		385,264
Federal bank stock		2,406		N/A		-		-		-
Accrued interest receivable		1,543		1,543		30		434		1,079
		545,314		548,524		15,215		146,068		387,241
Financial Liabilities:
Deposits		501,819		504,230		380,685		123,545		-
FHLB advances		21,500		22,338		-		22,338		-
Accrued interest payable		199		199		32		167		-
		523,518		526,767		380,717		146,050		-

Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]

The following table presents the notional amount of the Corporation’s off-balance sheet commitment financial instruments as of December 31:

(Dollar amounts in thousands)	2015				2014
	Fixed Rate		Variable Rate		Fixed Rate		Variable Rate
Commitments to make loans	$	1,197	$	2,298	$	3,651	$	7,629
Unused lines of credit		6,502		48,674		2,065		44,703
	$	7,699	$	50,972	$	5,716	$	52,332