Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Measurements Tables

Schedule of carrying amounts and estimated fair values of our financial instruments

The carrying amounts and estimated fair values of our financial instruments at June 30, 2012 and December 31, 2011, are as follows:

	Fair Value Measurements at June 30, 2012 using
			Quoted  Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Carrying Value		Level 1		Level 2		Level 3		Fair Value
FINANCIAL ASSETS:
Cash	$	16,367	$	16,367	$	-	$	-	$	16,367
Loans, net		157,454		-		-		160,954		160,954
Accrued interest receivable		697		-		-		697		697
FINANCIAL LIABILITIES:
Notes payables	$	59,057	$	-	$		$	60,820	$	60,820
Bank borrowings		107,977		-				110,823		110,823
Other financial liabilities		102		-				102		102

	December 31, 2011
	Carrying Amount		Estimated Fair Value
Financial assets:
Cash	$	11,167	$	11,167
Loans receivable		165,355		168,383
Accrued interest receivable		863		863
Financial liabilities:
Notes payable		59,030		60,833
Bank borrowings		110,280		111,371
Other financial liabilities		104		104

Schedule Of Fair Value Measured on a Nonrecurring Basis

	Fair Value Measurements Using:
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets at June 30, 2012:
Impaired loans (net of allowance and discount)	$	-	$	-	$	8,431	$	8,431
Foreclosed assets		-		-		2,091		2,091
	$	-	$	-	$	10,522	$	10,522
Assets at December 31, 2011:
Impaired loans (net of allowance and discount)	$	-	$	-	$	11,887	$	11,887
Foreclosed assets		-		-		1,374		1,374
	$	-	$	-	$	13,261	$	13,261

Schedule of valuation methodologies used to measure the fair value adjustments for Level 3 assets recorded at fair value on a nonrecurring basis

Assets	Fair Value	Valuation Techniques	Unobservable Input	Range (Weighted Average)
Impaired Loans	8,431	Discounted appraised value	Selling cost	10% (10%)
		Internal evaluations	Discount due to age of appraisal	0% - 5% (0.13%)
Foreclosed assets	2,091	Discounted appraised value	Selling cost	10% (10%)
		Internal evaluations	Discount due to age of appraisal	0% - 5% (1.72%)