Fair Value (Tables)

6 Months Ended

Jun. 30, 2012

Balances Of Assets And Liabilities Measured At Fair Value On A Recurring Basis [TableTextBlock]


	June 30, 2012
(In thousands)	Level 1		Level 2		Level 3		Total
Financial assets:
Securities available for sale:
U.S. Government sponsored entities	$	-	$	2,289	$	-	$	2,289
State and political subdivisions		-		14,385		-		14,385
Residential mortgage-backed securities		-		53,732		-		53,732
Commercial mortgage-backed securities		-		6,997		-		6,997
Corporate and other securities		-		20,562		-		20,562
Total securities available for sale	$	-	$	97,965	$	-	$	97,965


	December 31, 2011
(In thousands)	Level 1		Level 2		Level 3		Total
Financial assets:
Securities available for sale:
U.S. Government sponsored entities	$	-	$	5,376	$	-	$	5,376
State and political subdivisions		-		17,878		-		17,878
Residential mortgage-backed securities		-		57,924		-		57,924
Commercial mortgage-backed securities		-		210		-		210
Corporate and other securities		-		7,377		-		7,377
Total securities available for sale	$	-	$	88,765	$	-	$	88,765
Financial liabilities:
Interest rate swap agreements	$		$	43	$		$	43

Assets And Liabilities Carried On The Balance Sheet By Caption And By Level Within The Hierarchy (As Described Above) [TableTextBlock]


	Fair value at June 30, 2012								Gains (losses) from fair value changes		Gains (losses) from fair value changes
(In thousands)	Level 1		Level 2		Level 3		Total		for the three months ended June 30, 2012		for the six months ended June 30, 2012
Financial assets:
OREO	$	-	$	-	$	1,416	$	1,416	$	(524)	$	(880)
Impaired collateral-dependent loans		-		-		11,581		11,581		179		747


	Fair value at June 30, 2011								Losses from fair value changes		Losses from fair value changes
(In thousands)	Level 1		Level 2		Level 3		Total		for the three months ended June 30, 2011		for the six months ended June 30, 2011
Financial assets:
OREO	$	-	$	-	$	2,364	$	2,364	$	(405)	$	(754)
Impaired collateral-dependent loans		-		-		13,086		13,086		(1,120)		(1,440)

Carrying Amount And Estimated Fair Values Of The Company's Financial Instruments Not Previously Presented [TableTextBlock]

June 30, 2012

December 31, 2011

(In thousands)

Fair value level

Carrying amount

Estimated fair value

Carrying amount

Estimated fair value

Financial assets:

Cash and cash equivalents

Level 1

37,835

82,574

Securities held to maturity

Level 2

SBA loans held for sale

Level 2

Loans, net of allowance for loan losses

Level 2

Federal Home Loan Bank stock

Level 2

Level 3

Accrued interest receivable

Level 2

3,415

3,703

Financial liabilities:

Level 2

Borrowed funds and subordinated debentures

Level 2

Accrued interest payable

Level 2

470

523

- Definition

Tabular disclosure related to assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a recurring and/or nonrecurring basis in periods after initial recognition. Disclosures include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3) as well as transfers between levels 1 and 2.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 6

-Footnote 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a,b,bb)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2C

-URI http://asc.fasb.org/extlink&oid=7578670&loc=SL7498348-110258

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References+ Details

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References+ Details