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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2014
Fair Value Disclosures [Abstract] |
Estimated Fair Values and Related Carrying or Notional Amounts | The estimated fair values, and related carrying or notional amounts, for on and off-balance sheet financial instruments as of December 31, 2014 and 2013, are reflected below.
|  | (In Thousands) |
|  | December 2014 |  |  | December 2013 |
|  | Carrying Amount |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Carrying Amount |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 24,295 |  |  | $ | 24,295 |  |  | $ | 24,295 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,263 |  |  | $ | 19,263 |  |  | $ | 19,263 |  |  | $ | — |  |  | $ | — |
Securities - available for sale |  |  | 248,492 |  |  |  | 248,492 |  |  |  | 25,393 |  |  |  | 215,168 |  |  |  | 7,931 |  |  |  | 324,509 |  |  |  | 324,509 |  |  |  | 25,272 |  |  |  | 288,891 |  |  |  | 10,346 |
Other Securities |  |  | 3,717 |  |  |  | 3,717 |  |  |  | — |  |  |  | — |  |  |  | 3,717 |  |  |  | 4,216 |  |  |  | 4,216 |  |  |  | — |  |  |  | — |  |  |  | 4,216 |
Loans, net |  |  | 616,021 |  |  |  | 625,377 |  |  |  | — |  |  |  | — |  |  |  | 625,377 |  |  |  | 570,919 |  |  |  | 579,992 |  |  |  | — |  |  |  | — |  |  |  | 579,992 |
Interest receivable |  |  | 3,578 |  |  |  | 3,578 |  |  |  | — |  |  |  | — |  |  |  | 3,578 |  |  |  | 3,694 |  |  |  | 3,694 |  |  |  | — |  |  |  | — |  |  |  | 3,694 |
Total Assets |  | $ | 896,103 |  |  | $ | 905,459 |  |  | $ | 49,688 |  |  | $ | 215,168 |  |  | $ | 640,603 |  |  | $ | 922,601 |  |  | $ | 931,674 |  |  | $ | 44,535 |  |  | $ | 288,891 |  |  | $ | 598,248 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest bearing Deposits |  | $ | 403,051 |  |  | $ | 403,801 |  |  | $ | — |  |  | $ | — |  |  | $ | 403,801 |  |  | $ | 429,652 |  |  | $ | 429,750 |  |  | $ | — |  |  | $ | — |  |  | $ | 429,750 |
Non-interest bearing Deposits |  |  | 164,009 |  |  |  | 164,009 |  |  |  | — |  |  |  | 164,009 |  |  |  | — |  |  |  | 110,452 |  |  |  | 110,452 |  |  |  | — |  |  |  | 110,452 |  |  |  | — |
Time Deposits |  |  | 195,500 |  |  |  | 196,545 |  |  |  | — |  |  |  | — |  |  |  | 196,545 |  |  |  | 236,360 |  |  |  | 236,027 |  |  |  | — |  |  |  | — |  |  |  | 236,027 |
Total Deposits |  | $ | 762,560 |  |  | $ | 764,355 |  |  | $ | — |  |  | $ | 164,009 |  |  | $ | 600,346 |  |  | $ | 776,464 |  |  | $ | 776,229 |  |  | $ | — |  |  | $ | 110,452 |  |  | $ | 665,777 |
Federal Funds purchased and Securities sold under agreement to repurchase |  |  | 55,962 |  |  |  | 55,962 |  |  |  | — |  |  |  | — |  |  |  | 55,962 |  |  |  | 69,756 |  |  |  | 69,756 |  |  |  | — |  |  |  | — |  |  |  | 69,756 |
Federal Home Loan Bank advances |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,500 |  |  |  | 4,570 |  |  |  | — |  |  |  | — |  |  |  | 4,570 |
Interest payable |  |  | 207 |  |  |  | 207 |  |  |  | — |  |  |  | — |  |  |  | 207 |  |  |  | 223 |  |  |  | 223 |  |  |  | — |  |  |  | — |  |  |  | 223 |
Dividends payable |  |  | 965 |  |  |  | 965 |  |  |  | — |  |  |  | 965 |  |  |  | — |  |  |  | 967 |  |  |  | 967 |  |  |  | — |  |  |  | 967 |  |  |  | — |
Total Liabilities |  | $ | 819,694 |  |  | $ | 821,489 |  |  | $ | — |  |  | $ | 164,974 |  |  | $ | 656,515 |  |  | $ | 851,910 |  |  | $ | 851,745 |  |  | $ | — |  |  | $ | 111,419 |  |  | $ | 740,326 |
Financial Assets Measured at Fair Value on Recurring Basis | The following summarizes financial assets measured at fair value on a recurring basis as of December 31, 2014 and December 31, 2013 segregated by level or the valuation inputs within the fair value hierarchy utilized to measure fair value:
($ in Thousands) |  | Quoted Prices in Active |  |  | Significant |  |  | Significant |
December 31, 2014 |  | Active Markets for Identical Assets (Level 1) |  |  | Observable Inputs (Level 2) |  |  | Observable Inputs (Level 3) |
Assets-(Securities Available for Sale) |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 25,393 |  |  | $ | — |  |  | $ | — |
U.S. Government agency |  |  | — |  |  |  | 119,234 |  |  |  | — |
Mortgage-backed securities |  |  | — |  |  |  | 29,562 |  |  |  | — |
State and local governments |  |  | — |  |  |  | 66,372 |  |  |  | 7,931 |
Total Securities Available for Sale |  | $ | 25,393 |  |  | $ | 215,168 |  |  | $ | 7,931 |
($ in Thousands) |  | Quoted Prices in Active |  |  | Significant |  |  | Significant |
December 31, 2013 |  | Active Markets for Identical Assets (Level 1) |  |  | Observable Inputs (Level 2) |  |  | Observable Inputs (Level 3) |
Assets-(Securities Available for Sale) |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  | $ | 25,272 |  |  | $ | — |  |  | $ | — |
U.S. Government agency |  |  | — |  |  |  | 172,972 |  |  |  | — |
Mortgage-backed securities |  |  | — |  |  |  | 44,792 |  |  |  | — |
State and local governments |  |  | — |  |  |  | 71,127 |  |  |  | 10,346 |
Total Securities Available for Sale |  | $ | 25,272 |  |  | $ | 288,891 |  |  | $ | 10,346 |
Changes in the Level 3 Fair-Value Category of Which Unobservable Inputs |
|  | (In Thousands) |
|  | Fair Value Measurements Using Significant |
|  | Unobservable Inputs (Level 3) |
|  | State and Local Governments Tax-Exempt |  |  | State and Local Governments Taxable |  |  | State and Local Governments Total |
Balance at January 1, 2014 |  | $ | 8,802 |  |  | $ | 1,544 |  |  | $ | 10,346 |
Change in Market Value |  |  | (1,104 | ) |  |  | (251 | ) |  |  | (1,355 | )
Purchases |  |  | — |  |  |  | — |  |  |  | — |
Sales |  |  | — |  |  |  | — |  |  |  | — |
Payments & Maturities |  |  | (1,060 | ) |  |  | — |  |  |  | (1,060 | )
Balance at December 31, 2014 |  | $ | 6,638 |  |  | $ | 1,293 |  |  | $ | 7,931 |
|  | (In Thousands) |
|  | Fair Value Measurements Using Significant |
|  | Unobservable Inputs (Level 3) |
|  | State and Local Governments Tax-Exempt |  |  | State and Local Governments Taxable |  |  | State and Local Governments Total |
Balance at January 1, 2013 |  | $ | 14,863 |  |  | $ | 1,545 |  |  | $ | 16,408 |
Change in Market Value |  |  | (1,852 | ) |  |  | (1 | ) |  |  | (1,853 | )
Purchases |  |  | 519 |  |  |  | — |  |  |  | 519 |
Sales |  |  | — |  |  |  | — |  |  |  | — |
Payments & Maturities |  |  | (4,728 | ) |  |  | — |  |  |  | (4,728 | )
Balance at December 31, 2013 |  | $ | 8,802 |  |  | $ | 1,544 |  |  | $ | 10,346 |
Impaired Loans and Other Real Estate | The following table presents impaired loans and other real estate owned as recorded at fair value:
|  | Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2014 |  |  |  |
($ in Thousands) |  | Balance at December 31, 2014 |  |  | 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, 2014 |
Impaired loans |  | $ | 1,456 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,456 |  |  | $ | (168 | )
Other real estate owned - residential mortgages |  |  | 21 |  |  |  | — |  |  |  | — |  |  |  | 21 |  |  |  | (8 | )
Other real estate owned - commercial |  |  | 23 |  |  |  | — |  |  |  | — |  |  |  | 23 |  |  |  | (32 | )
Total change in fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (208 | )
|  | Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2013 |  |  |  |
($ in Thousands) |  | Balance at December 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 twelve-month period ended Dec. 31, 2013 |
Impaired loans |  | $ | 1,924 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,924 |  |  | $ | (525 | )
Other real estate owned - residential mortgages |  |  | 964 |  |  |  | — |  |  |  | — |  |  |  | 964 |  |  |  | — |
Other real estate owned - commercial |  |  | 1,127 |  |  |  | — |  |  |  | — |  |  |  | 1,127 |  |  |  | (64 | )
Total change in fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (589 | )
Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements | The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements:
|  | Fair Value at December 31, 2014 |  |  | Valuation Technique |  | Unobservable Inputs |  | Range (Weighted Average)
State and political subdivision securities |  | $ | 7,931 |  |  | Discounted Cash Flow |  | Credit strength of underlying project or entity / Discount rate |  | 0-5%
Impaired Loans |  |  | 1,456 |  |  | Collateral based measurements |  | Discount to reflect current market conditions and ultimate collectability |  | 0-50%
Other real estate owned - residential |  |  | 21 |  |  | Appraisals |  | Discount to reflect current market |  | 0-20%
Other real estate owned - commercial |  |  | 23 |  |  | Appraisals |  | Discount to reflect current market |  | 0-20%
|  | Fair Value at December 31, 2013 |  |  | Valuation Technique |  | Unobservable Inputs |  | Range (Weighted Average)
State and political subdivision securities |  | $ | 10,346 |  |  | Discounted Cash Flow |  | Credit strength of underlying project or entity / Discount rate |  | 0-5%
Impaired Loans |  |  | 1,924 |  |  | Collateral based measurements |  | Discount to reflect current market conditions and ultimate collectability |  | 0-50%
Other real estate owned - residential |  |  | 964 |  |  | Appraisals |  | Discount to reflect current market |  | 0-20%
Other real estate owned - commercial |  |  | 1,127 |  |  | Appraisals |  | Discount to reflect current market |  | 0-20%

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, used to measure similar assets in prior periods (non-recurring basis) by class of asset or liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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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 Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 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) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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