Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets Measured on Recurring Basis

The following table presents the assets reported on the consolidated statements of financial condition at their fair value as of June 30, 2013 and December 31, 2012, by level within the fair value hierarchy.  

(Dollars in thousands)	Level I		Level II		Level III		Total
June 30, 2013
Assets:
Securities available-for-sale
U.S. Treasury securities	$	1,093	$	—	$	—	$	1,093
Obligations of U.S. government corporations and agencies		—		32,859		—		32,859
Mortgage-backed securities in government sponsored entities		—		69,051		—		69,051
Asset-backed securities in government sponsored entities		—		2,820		—		2,820
Obligations of states and political subdivisions		—		17,109		—		17,109
Corporate bonds		—		4,469		—		4,469
Total debt securities		1,093		126,308		—		127,401
Equity securities in financial institutions		114		—		—		114
Loans held for sale		103		—		—		103
Total Assets	$	1,310	$	126,308	$	—	$	127,618
December 31, 2012
Assets:
Securities available-for-sale
U.S. Treasury securities	$	100	$	—	$	—	$	100
Obligations of U.S. government corporations and agencies		—		35,980		—		35,980
Mortgage-backed securities in government sponsored entities		—		69,039		—		69,039
Asset-backed securities in government sponsored entities		—		2,823		—		2,823
Obligations of states and political subdivisions		—		16,883		—		16,883
Corporate bonds		—		4,397		—		4,397
Total debt securities		100		129,122		—		129,222
Equity securities in financial institutions		69		—		—		69
Total Assets	$	169	$	129,122	$	—	$	129,291

Schedule of Fair Value of Assets Measured on Nonrecurring Basis

The following table presents the assets measured on a nonrecurring basis on the Consolidated Balance Sheets at their fair value as of June 30, 2013 and December 31, 2012, by level within the fair value hierarchy.

(Dollars in thousands)	Level I		Level II		Level III		Total
June 30, 2013
Assets measured on a nonrecurring basis:
Impaired loans	$	—	$	—	$	7,775	$	7,775
Mortgage servicing rights		—		—		226		226
December 31, 2012
Impaired loans	$	—	$	—	$	9,412	$	9,412
Other real estate owned		—		—		25		25
Mortgage servicing rights		—		—		214		214

Schedule of Quantitative Information of Assets Measured at Fair Value on Nonrecurring Basis

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level III inputs to determine fair value:

	Quantitative Information about Level III Fair Value Measurements
	Fair Value		Valuation	Unobservable
	Estimate		Techniques	Input	Range
(Dollars in thousands)
June 30, 2013
Impaired loans	$	6,652	Discounted cash flow	Remaining term Discount rate	9 mos to 29 yrs 4.63% to 12%
		1,123	Appraisal of collateral (1),(3)	Appraisal adjustments (2) Liquidation expense (2)	-20% to -25% -10%
Mortgage servicing rights		226	Discounted cash flow	Remaining term Discount rate	18 mos to 30 yrs 1.5%
December 31, 2012
Impaired loans	$	7,260	Discounted cash flow	Remaining term Discount rate	4 mos to 29 yrs 7.5% to 12%
		2,152	Appraisal of collateral (1),(3)	Appraisal adjustments (2) Liquidation expense (2)	-20% to -35% -10%
Other real estate owned		25	Appraisal of collateral (1), (3)	Management discount for property type (3)	0% to -67%
Mortgage servicing rights		214	Discounted cash flow	Remaining term Discount rate	24 mos to 30 yrs 1.5%

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

(3) Includes qualitative adjustments by management and estimated liquidation expenses.