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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2012
Fair Value Measurements [Abstract]  
Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis
Fair Value Measurements at September 30, 2012 Using
        Quoted Prices        
        in Active   Significant    
        Markets for   Other Significant
    Balance as of   Identical   Observable Unobservable
    September 30,   Assets   Inputs Inputs
    2012   (Level 1)   (Level 2) (Level 3)
        (in thousands)    
Assets:                
Securities available for sale                
Obligations of U.S. government                
corporations and agencies $ 16,726 $ - $ 16,726 $ -
Mortgage-backed securities   26,209   -   26,209   -
Obligations of states and                
political subdivisions   43,842   -   43,842   -
Corporate securities   12,145   -   12,145   -
Equity securities:                
Bank preferred stock   2,264   2,264   -   -
Total assets at fair value $ 101,186 $ 2,264 $ 98,922 $ -
 
Liabilities:                
Interest rate swap   672   -   672   -
Total liabilities at fair value $ 672 $ - $ 672 $ -

 

        Fair Value Measurements at December 31, 2011 Using
        Quoted Prices        
        in Active   Significant    
        Markets for   Other Significant
    Balance as of   Identical   Observable Unobservable
    December 31,   Assets   Inputs Inputs
    2011   (Level 1)   (Level 2) (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 September 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 September 30, 2012
    Balance as of   Identical   Observable Unobservable
    September 30,   Assets   Inputs   Inputs
    2012   (Level 1)   (Level 2)   (Level 3)
  (in thousands)
Financial Assets:                
Impaired loans $ 4,356 $ - $ 2,655 $ 1,701
 
Nonfinancial Assets:                
Other real estate owned   2,364   193   2,171   -

 

        Carrying value at December 31, 2011
        Quoted Prices        
        in Active   Significant    
        Markets for   Other   Significant
    Balance as of   Identical   Observable  Unobservable
    December 31,   Assets   Inputs   Inputs
    2011   (Level 1)   (Level 2)   (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 September 30, 2012  
    Impaired     Other Real  
    Loans     Estate Owned  
    (in thousands)  
Balance - January 1, 2012 $ 3,425   $ 636  
Sales proceeds   -     -  
Valuation allowance   -     -  
(Loss) on disposition   -     -  
Transfers into Level 3   959     -  
Transfers out of Level 3   (2,683 )   (636 )
Total assets at fair value $ 1,701   $ -  
Company's Financial Instruments
Fair Value Measurements at September 30, 2012 Using    
      Quoted Prices            
        in Active   Significant        
        Markets for   Other Significant    
    Carrying Value   Identical   Observable Unobservable   Fair Value
    as of   Assets   Inputs   Inputs   as of
    September 30, 2012   (Level 1)   (Level 2) (Level 3)   September 30, 2012
          (in thousands)        
Financial Assets:                    
Cash and short-term investments $ 21,812 $ 21,812 $ - $ - $ 21,812
Securities   101,186   2,264   98,922   -   101,186
Restricted Investments   2,777   -   2,777   -   2,777
Loans, net   419,538   -   432,731   1,701   434,432
Accrued interest receivable   1,923   -   1,923   -   1,923
 
Financial Liabilities:                    
Deposits $ 457,178 $ - $ 458,504 $ - $ 458,504
Federal funds purchased and securities                    
sold under agreements to repurchase   10,000   -   10,122   -   10,122
Federal Home Loan Bank advances   32,250   -   33,298   -   33,298
Trust preferred capital notes   7,217   -   7,217   -   7,217
Accrued interest payable   281   -   281   -   281
Interest rate swap contract   672   -   672   -   672

 

      December 31, 2011    
    Carrying Value (in thousands)   Fair Value
    as of     as of
    December 31, 2011     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