FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Investments All Other Investments [Abstract]

Schedule of Estimated Fair Values of Recognized Financial Instruments

The estimated fair values of recognized financial instruments as of September 30, 2013 and December 31, 2012 are as follows:

	Carrying								Total Fair
(Dollars in thousands)	Value		Level 1		Level II		Level III		Value
September 30, 2013
Financial assets:
Cash and cash equivalents	$	48,619	$	48,619	$	—	$	—	$	48,619
Securities, available for sale		102,453		1,117		101,336		—		102,453
Securities, held to maturity		36,808		—		35,690		—		35,690
Loans held for sale		70		70		—		—		70
Net loans		372,357		—		—		376,006		376,006
Bank-owned life insurance		9,486		9,486		—		—		9,486
Restricted stock		5,463		—		5,463		—		5,463
Accrued interest receivable		1,509		1,509		—		—		1,509
Financial liabilities:
Deposits	$	480,861	$	334,445	$	—	$	147,352	$	481,797
Short-term borrowings		46,044		46,044		—		—		46,044
Other borrowings		12,511		—		—		13,163		13,163
Accrued interest payable		122		122		—		—		122

	Carrying								Total Fair
(Dollars in thousands)	Value		Level 1		Level II		Level III		Value
December 31, 2012
Financial assets:
Cash and cash equivalents	$	66,878	$	66,878	$	—	$	—	$	66,878
Securities, available for sale		129,291		169		129,122		—		129,291
Net loans		360,000		—		—		367,028		367,028
Bank-owned life insurance		8,298		8,298		—		—		8,298
Restricted stock		5,463		—		5,463		—		5,463
Accrued interest receivable		1,317		1,317		—		—		1,317
Financial liabilities:
Deposits	$	475,443	$	317,369	$	—	$	159,573	$	476,942
Short-term borrowings		43,992		43,992		—		—		43,992
Other borrowings		12,672		—		—		13,772		13,772
Accrued interest payable		135		135		—		—		135