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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2012
Fair Value Measurements [Abstract]  
Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis
Fair Value Measurements at June 30, 2012 Using
Balance as of
June 30,
2012		 Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		 Significant
Other
Observable
Inputs
(Level 2)		 Significant
Unobservable
Inputs
(Level 3)
(in thousands)
Assets:
Securities available for sale
Obligations of U.S. government
corporations and agencies		 $ 16,700 $ - $ 16,700 $ -
Mortgage-backed securities 28,801 - 28,801 -
Obligations of states and
political subdivisions		 43,668 - 43,668 -
Corporate securities 12,903 - 12,903 -
Equity securities:
Bank preferred stock 2,268 2,268 - -
Total assets at fair value $ 104,340 $ 2,268 $ 102,072 $ -
Liabilities:
Interest rate swap 633 - 633 -
Total liabilities at fair value $ 633 $ - $ 633 $ -

 

 
Fair Value Measurements at December 31, 2011 Using
Balance as of
December 31,
2011		 Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		 Significant
Other
Observable
Inputs
(Level 2)		 Significant
Unobservable
Inputs
(Level 3)
(in thousands)
Assets:
Securities available for sale
Obligations of U.S. government
corporations and agencies		 $ 18,533 $ - $ 18,533 $ -
Mortgage-backed securities 34,546 - 34,546 -
Obligations of states and
political subdivisions		 45,766 - 45,766 -
Corporate securities 13,043 13,043
Equity securities:
Bank preferred stock 2,246 2,246 - -
Total assets at fair value $ 114,134 $ 2,246 $ 111,888 $ -
Liabilities:
Interest rate swap 580 - 580 -
Total liabilities at fair value $ 580 $ - $ 580 $ -
Quantitative Information About Level 3 Fair Value Measurements For Certain Financial Assets
Quantitative information about Level 3 Fair Value Measurements for June 30, 2012
Valuation Technique(s) Unobservable Input Range
Assets:
Impaired loans Discounted appraised value Selling cost 6% - 12%
Other real estate owned Discounted appraised value Selling cost 6% - 12%
Financial And Nonfinancial Assets Measured At Fair Value On A Nonrecurring Basis
Carrying value at June 30, 2012
Balance as of
June 30,
2012		 Identical
Assets
(Level 1)		 Observable
Inputs
(Level 2)		 Unobservable
Inputs
(Level 3)
(in thousands)
Financial Assets:
Impaired loans $ 5,259 $ - $ 3,817 $ 1,442
Nonfinancial Assets:
Other real estate owned 2,172 - 1,536 636

Carrying value at December 31, 2011
Balance as of
December 31,
2011		 Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		 Significant
Other
Observable
Inputs
(Level 2)		 Significant
Unobservable
Inputs
(Level 3)
(in thousands)
Financial Assets:
Impaired loans $ 6,804 $ - $ 3,379 $ 3,425
Nonfinancial Assets:
Other real estate owned 2,378 - 1,742 636
Level 3 Financial Assets Measured At Estimated Fair Value On Nonrecurring Basis
Fair Value Measurements at June 30, 2012
Impaired
Loans		 Other Real
Estate Owned
(in thousands)
Balance - January 1, 2012 $ 3,425 $ 636
Sales proceeds - -
Valuation allowance - -
(Loss) on disposition - -
Transfers into Level 3 484 -
Transfers out of Level 3 (2,467 ) -
Total assets at fair value $ 1,442 $ 636
Company's Financial Instruments
Fair Value Measurements at June 30, 2012 Using
Carrying Value
as of
June 30, 2012		 Quoted Prices
in Active
Markets for
Identical
Assets		 Significant
Other
Observable
Inputs		 Significant
Unobservable
Inputs		 Fair Value
as of
June 30, 2012
(Level 1) (Level 2) (Level 3)
(in thousands)
Financial Assets:
Cash and short-term investments $ 12,996 $ 12,996 $ - $ - $ 12,996
Securities 104,340 2,268 102,072 - 104,340
Restricted Investments 2,943 - 2,943 - 2,943
Loans, net 419,877 - 430,989 1,442 432,431
Accrued interest receivable 1,949 - 1,949 - 1,949
Financial Liabilities:
Deposits $ 454,117 $ - $ 455,389 $ - $ 455,389
Federal funds purchased and securities
sold under agreements to repurchase 10,000 - 10,199 - 10,199
Federal Home Loan Bank advances 32,250 - 33,343 - 33,343
Trust preferred capital notes 7,217 - 7,217 - 7,217
Accrued interest payable 288 - 288 - 288
Interest rate swap contract 633 - 633 - 633

December 31, 2011
(in thousands)
Carrying Value
as of
December 31, 2011		 Fair Value
as of
December 31, 2011
Financial assets:
Cash and short-term investments $ 21,941 $ 21,941
Securities 114,134 114,134
Restricted Investments 3,520 3,520
Loans, net 401,681 418,230
Accrued interest receivable 2,037 2,037
Financial liabilities:
Deposits $ 448,465 $ 449,990
Federal funds purchased and securities
sold under agreements to repurchase 10,000 10,350
Federal Home Loan Bank advances 42,250 44,833
Trust preferred capital notes 7,217 7,217
Accrued interest payable 336 336
Interest rate swap contract 580 580