Fair Value (Tables)

3 Months Ended

Mar. 31, 2014

Schedule Of Assets And Liabilities Recorded At Fair Value On A Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2014 and December 31, 2013 are summarized below:



In thousands
March 31, 2014	Total		Level 1		Level 2		Level 3
Investment securities available-for-sale:
U.S. Government and federal agency	$	13,331	$	0	$	13,331	$	0
Government-sponsored enterprises	31,853		0		31,853		0
Mortgage-backed securities	85,323		0		85,323		0
Collateralized mortgage obligations	10,763		0		10,763		0
State and political subdivisions	39,384		0		39,384		0
Held for sale loans	996		0		996		0
Interest rate swaps	97		0		97		0
Total assets at fair value	$	181,747	$	0	$	181,747	$	0

Interest rate swaps	97		0		97		0
Total liabilities at fair value	$	97	$	0	$	97	$	0

December 31, 2013
Investment securities available-for-sale:
U.S. Government and federal agency	$	10,307	$	0	$	10,307	$	0
Government-sponsored enterprises	31,311		0		31,311		0
Mortgage-backed securities	72,389		0		72,389		0
Collateralized mortgage obligations	9,194		0		9,194		0
State and political subdivisions	36,660		0		36,660		0
Held for sale loans	245		0		245		0
Interest rate swaps	174		0		174		0
Total assets at fair value	$	160,280	$	0	$	160,280	$	0

Interest rate swaps	174		0		174		0
Total liabilities at fair value	$	174	$	0	$	174	$	0

Schedule Of Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis

Assets measured at fair value on a nonrecurring basis as of March 31, 2014 and December 31, 2013 are included in the tables below:



In thousands
March 31, 2014	Total		Level 1		Level 2		Level 3
Impaired Loans:
Commercial	$	2,243	$	0	$	0	$	2,243
Residential Real Estate	338		0		0		338
Construction Real Estate	287		0		0		287
Consumer	$	5	$	0	$	0	$	5
Total Impaired Loans	$	2,873	$	0	$	0	$	2,873
Foreclosed Assets	19,766		0		0		19,766
Total assets at fair value	$	22,639	$	0	$	0	$	22,639

Total liabilities at fair value	$	0	$	0	$	0	$	0



December 31, 2013
Impaired Loans:
Commercial	$	384	$	0	$	0	$	384
Residential Real Estate	343		0		0		343
Construction Real Estate	2,074		0		0		2,074
Consumer	$	5	$	0	$	0	$	5
Total Impaired Loans	$	2,806	$	0	$	0	$	2,806
Foreclosed Assets	19,705		0		0		19,705
Total assets at fair value	$	22,511	$	0	$	0	$	22,511

Total liabilities at fair value	$	0	$	0	$	0	$	0

Level 3 Assets And Liabilities Measured At Fair Value On Recurring Or Non-Recurring Basis

For level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of March 31, 2014, the significant unobservable inputs used in the fair value measurements were as follows:



	Fair Value at March 31, 2014		Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value
Impaired Loans	$	2,873	Discounted appraised value	Discount for selling costs and age of appraisals	15% - 55%
Foreclosed Assets	$	19,766	Discounted appraised value	Discount for selling costs and age of appraisals	15% - 55%

Schedule Of Carrying Amounts And Fair Values Of The Financial Instruments



March 31, 2014	Carrying Amounts		Approximate Fair Value		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
In thousands
Financial assets
Securities held-to-maturity	$	21,507	$	22,193	$	0	$	22,193	$	0
Loans, net	578,332		585,260		0		0		585,260

Financial liabilities
Time deposits/IRAs	189,068		190,428		0		190,428		0
FHLB borrowings	63,000		65,511		0		65,511		0
Junior subordinated debentures	27,446		26,860		0		26,860		0



December 31, 2013
Financial assets
Securities held-to-maturity	$	21,992	$	22,471	$	0	$	22,471	$	0
Loans, net	563,160		569,355		0		0		569,355

Financial liabilities
Time deposits/IRAs	158,840		160,297		0		160,297		0
FHLB borrowings	43,000		45,530		0		45,530		0
Junior subordinated debentures	27,476		26,907		0		26,907		0