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Fair Value of Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value of Instruments [Abstract]

Estimated fair values and related carrying or notional amounts

		(In Thousands)
		March 2013
		Carrying Amount				Fair Value				Level 1				Level 2				Level 3
Financial Assets:
Cash and Cash Equivalents		$	57,529			$	57,529			$	57,529			$	—			$	—
Securities - available for sale			360,821				360,821				26,239				323,333				11,249
Other Securities			4,216				4,216				—				—				4,216
Loans, net			479,484				486,768				—				—				486,768
Interest receivable			4,322				4,322				—				—				4,322
Total Assets		$	906,372			$	913,656			$	83,768			$	323,333			$	506,555
Financial Liabilities:
Interest bearing Deposits		$	411,564			$	412,512			$	—			$	—			$	412,512
Non-interest bearing Deposits			99,027				99,662				—				99,662				—
Time Deposits			261,855				263,574				—				—				263,574
Total Deposits		$	772,446			$	775,748			$	—			$	99,662			$	676,086
Short-term debt			49,087				49,087				—				—				49,087
Federal Home Loan Bank advances			7,100				6,610				—				—				6,610
Interest payable			287				287				—				—				287
Dividends payable			931				931				—				931				—
Total Liabilities		$	829,851			$	832,663			$	—			$	100,593			$	732,070

		(In Thousands)
		December 2012
		Carrying Amount				Fair Value				Level 1				Level 2				Level 3
Financial Assets:
Cash and Cash Equivalents		$	44,092			$	44,092			$	44,092			$	—			$	—
Securities - available for sale			355,905				355,905				10,568				328,929				16,408
Other Securities			4,365				4,365				—				—				4,365
Loans, net			496,178				501,160				—				—				501,160
Interest receivable			3,603				3,603				—				—				3,603
Total Assets		$	904,143			$	909,125			$	54,660			$	328,929			$	525,536
Financial Liabilities:
Interest bearing Deposits		$	389,779			$	390,066			$	—			$	—			$	390,066
Non-interest bearing Deposits			103,966				104,529				—				104,529				—
Time Deposits			269,507				272,591				—				—				272,591
Total Deposits		$	763,252			$	767,186			$	—			$	104,529			$	662,657
Short-term debt			51,312				51,312				—				—				51,312
Federal Home Loan Bank advances			11,600				11,012				—				—				11,012
Interest payable			288				288				—				—				288
Dividends payable			931				931				—				931				—
Total Liabilities		$	827,383			$	830,729			$	—			$	105,460			$	725,269

Financial assets measured at fair value on a recurring basis

		Assets and Liabilities Measured at Fair Value on a Recurring Basis
(In Thousands) March 31, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets-Securities Available for Sale
U.S. Treasury		$	26,239			$	—			$	—
U.S. Government agency			—				216,549				—
Mortgage-backed securities			—				49,696				—
State and local governments			—				57,088			$	11,249
Total Securities Available for Sale		$	26,239			$	323,333			$	11,249

(In Thousands) December 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets-Securities Available for Sale
U.S. Treasury		$	10,568			$	—			$	—
U.S. Government agency			—				220,200				—
Mortgage-backed securities			—				53,006				—
State and local governments			—				55,723				16,408
Total Securities Available for Sale		$	10,568			$	328,929			$	16,408

Impaired loans and other real estate

		Assets Measured at Fair Value on a Nonrecurring Basis at  March 31, 2013
(in Thousands)		Balance at March 31, 2013				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable  Inputs (Level 3)				Change in fair value for three-month period ended March 31, 2013
Impaired loans		$	4,144			$	—			$	—			$	4,144			$	(20	)
Other real estate owned - residential mortgages		$	817			$	—			$	—			$	817			$	—
Other real estate owned - commercial		$	1,409			$	—			$	—			$	1,409			$	—
																		$	(20	)

		Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2012
(in Thousands)		Balance at December 31, 2012				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable  Inputs (Level 3)				Change in fair value for twelve-month period ended Dec. 31, 2012
Impaired loans		$	4,591			$	—			$	—			$	4,591			$	(76	)
Other real estate owned - residential mortgages		$	783			$	—			$	—			$	783			$	(62	)
Other real estate owned commercial		$	1,526			$	—			$	—			$	1,526			$	(214	)
																		$	(352	)

X

- Definition

Tabular disclosure of information pertaining to carrying amount of estimated fair value on impaired loans and other real estate owned as recorded at fair value.

+ References

No definition available.

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- 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

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 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 3: 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 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a),(b)

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

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

No definition available.

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