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Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Measurements [Abstract]

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

		Fair Value Measurement Reporting Date using
Description		Total			Level 1			Level 2			Level 3
December 31, 2014
Available for Sale:
U.S. Government agencies		$	28,975		$	-		$	28,975		$	-
States and political subdivisions			54,332			-			54,332			-
Corporate obligations			6,486			-			6,486			-
Mortgage-backed securities-government
sponsored entities			66,204			-			66,204			-
Equity securities-financial services			398			398			-			-
Total available for sale		$	156,395		$	398		$	155,997		$	-
December 31, 2013
Available for Sale:
U.S. Government agencies		$	33,413		$	-		$	33,413		$	-
States and political subdivisions			59,030			-			59,030			-
Corporate obligations			3,711			-			3,711			-
Mortgage-backed securities-government
sponsored entities			61,650			-			61,650			-
Equity securities-financial services			328			328			-			-
Total available for sale		$	158,132		$	328		$	157,804		$	-

Fair Value, Assets Measured on Nonrecurring Basis [Table Text Block]

		Fair Value Measurement Reporting Date using
Description		Total			Level 1			Level 2			Level 3
December 31, 2014
Impaired Loans		$	11,312		$	-		$	-		$	11,312
Foreclosed real estate			3,726			-			-			3,726
December 31, 2013
Impaired Loans		$	12,556		$	-		$	-		$	12,556
Foreclosed real estate			1,009			-			-			1,009

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

	Quantitative Information about Level 3 Fair Value Measurements
(In thousands)	Fair Value Estimate			Valuation Techniques	Unobservable Input		Range (Weighted Average)
December 31, 2014
Impaired loans	$	11,312		Appraisal of collateral(1)	Appraisal adjustments(2)		6 - 33% (23.35%)
Foreclosed real estate owned	$	3,726		Appraisal of collateral(1)	Liquidation Expenses(2)		10%

	Quantitative Information about Level 3 Fair Value Measurements
(In thousands)	Fair Value Estimate			Valuation Techniques	Unobservable Input		Range (Weighted Average)
December 31, 2013
Impaired loans	$	12,556		Appraisal of collateral(1)	Appraisal adjustments(2)		10 - 15% (10.67)%
Foreclosed real estate owned	$	1,009		Appraisal of collateral(1)	Liquidation Expenses(2)		10%

Fair Value, by Balance Sheet Grouping [Table Text Block]

	Fair Value Measurements at December 31, 2014
	Carrying			Fair
	Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and cash equivalents	$	12,376		$	12,376		$	12,376		$	-		$	-
Securities		156,395			156,395			398			155,997			-
Loans receivable, net		495,260			507,833			-			-			507,833
Mortgage servicing rights		271			277			-			277			-
Regulatory stock		1,714			1,714			1,714			-			-
Bank owned life insurance		18,284			18,284			18,284			-			-
Accrued interest receivable		2,339			2,339			2,339			-			-
Financial liabilities:
Deposits		559,944			560,243			338,112			-			222,131
Short-term borrowings		25,695			25,395			25,695			-			-
Other borrowings		22,200			23,228			-			-			23,228
Accrued interest payable		966			966			966			-			-
Off-balance sheet financial instruments:
Commitments to extend credit and outstanding letters of credit		-			-			-			-			-

	Fair Value Measurements at December 31, 2013
	Carrying			Fair
	Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and cash equivalents	$	7,863		$	7,863		$	7,863		$	-		$	-
Securities		158,306			158,309			328			157,981			-
Loans receivable, net		497,389			506,113			-			-			506,113
Mortgage servicing rights		289			289			-			289			-
Regulatory stock		2,877			2,877			2,877			-			-
Bank owned life insurance		17,790			17,790			17,790			-			-
Accrued interest receivable		2,422			2,422			2,422			-			-
Financial liabilities:
Deposits		541,182			542,123			329,753			-			212,370
Short-term borrowings		49,914			49,914			49,914			-			-
Other borrowings		23,761			25,923			-			-			25,923
Accrued interest payable		1,022			1,022			1,022			-			-
Off-balance sheet financial instruments:
Commitments to extend credit and outstanding letters of credit		-			-			-			-			-

X

- 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

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

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-Section 50

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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.

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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).

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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