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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2014
Fair Value Disclosures [Abstract] |
Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis | The following table presents balances of financial assets and liabilities measured at fair value on a recurring basis at June 30, 2014 and December 31, 2013:
|  |  | Fair Value Measurements at
|  |  | June 30, 2014
|  |  | Using
| Balance as of |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
| June 30, 2014 | (Level 1) |  | (Level 2) |  | (Level 3)
| (in thousands)
Assets: |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |
Obligations of U.S. government corporations and agencies | $ | 36,705 |  |  | $ | — |  |  | $ | 36,705 |  |  | $ | — |
Mortgage-backed securities | 14,095 |  |  | — |  |  | 14,095 |  |  | — |
Obligations of states and political subdivisions | 40,789 |  |  | — |  |  | 40,789 |  |  | — |
Corporate securities | 7,507 |  |  | — |  |  | 7,507 |  |  | — |
Equity securities: |  |  |  |  |  |  |
Bank preferred stock | 1,190 |  |  | 1,190 |  |  | — |  |  | — |
Total assets at fair value | $ | 100,286 |  |  | $ | 1,190 |  |  | $ | 99,096 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |
Interest rate swap | 377 |  |  | — |  |  | 377 |  |  | — |
Total liabilities at fair value | $ | 377 |  |  | $ | — |  |  | $ | 377 |  |  | $ | — |
|  |  | Fair Value Measurements at
|  |  | December 31, 2013
|  |  | Using
| Balance as of |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
| December 31, 2013 | (Level 1) |  | (Level 2) |  | (Level 3)
| (in thousands)
Assets: |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |
Obligations of U.S. government corporations and agencies | $ | 34,744 |  |  | $ | — |  |  | $ | 34,744 |  |  | $ | — |
Mortgage-backed securities | 15,197 |  |  | — |  |  | 15,197 |  |  | — |
Obligations of states and political subdivisions | 43,116 |  |  | — |  |  | 43,116 |  |  | — |
Corporate securities | 8,423 |  |  | — |  |  | 8,423 |  |  | — |
Equity securities: |  |  |  |  |  |  |
Bank preferred stock | 1,118 |  |  | 1,118 |  |  | — |  |  | — |
Total assets at fair value | $ | 102,598 |  |  | $ | 1,118 |  |  | $ | 101,480 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |
Interest rate swap | 434 |  |  | — |  |  | 434 |  |  | — |
Total liabilities at fair value | $ | 434 |  |  | $ | — |  |  | $ | 434 |  |  | $ | — |
Quantitative Information About Level 3 Fair Value Measurements For Certain Financial Assets | The following table displays quantitative information about Level 3 Fair Value Measurements for certain financial assets measured at fair value on a nonrecurring basis at June 30, 2014 (dollars in thousands):
| Quantitative information about Level 3 Fair Value Measurements for
| June 30, 2014
| Valuation Technique(s) |  | Unobservable Input |  | Range |  | Weighted Average
Assets: |  |  |  |  |  |  |
Impaired loans | Discounted appraised value |  | Selling cost |  | 9% - 30% |  | 13%
Other real estate owned | Discounted appraised value |  | Selling cost |  | 5% - 7% |  | 7%
Financial And Nonfinancial Assets Measured At Fair Value On A Nonrecurring Basis | The following table summarizes the Company’s financial and nonfinancial assets that were measured at fair value on a nonrecurring basis at June 30, 2014 and December 31, 2013:
|  |  | Carrying value at
|  |  | June 30, 2014
| Balance as of |  | Identical Assets |  | Observable Inputs |  | Unobservable Inputs
| June 30, 2014 | (Level 1) |  | (Level 2) |  | (Level 3)
| (in thousands)
Financial Assets: |  |  |  |  |  |  |
Impaired loans | $ | 2,767 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,767 |
Nonfinancial Assets: |  |  |  |  |  |  |
Other real estate owned | 1,959 |  |  | 353 |  |  | 1,456 |  |  | 150 |
|  |  | Carrying value at
|  |  | December 31, 2013
| Balance as of |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
| December 31, 2013 | (Level 1) |  | (Level 2) |  | (Level 3)
| (in thousands)
Financial Assets: |  |  |  |  |  |  |
Impaired loans | $ | 2,706 |  |  | $ | — |  |  | $ | 1,299 |  |  | $ | 1,407 |
Nonfinancial Assets: |  |  |  |  |  |  |
Other real estate owned | 1,646 |  |  | 638 |  |  | 1,008 |  |  | — |
Level 3 Financial Assets Measured At Estimated Fair Value On Nonrecurring Basis | The changes in Level 3 financial assets measured at estimated fair value on a nonrecurring basis during the period ended June 30, 2014 were as follows:
| Fair Value Measurements at
| June 30, 2014
| Impaired Loans |  | Other Real Estate Owned
| (in thousands)
Balance - January 1, 2014 | $ | 1,407 |  |  | $ | — |
Sales proceeds | — |  |  | — |
Valuation allowance | — |  |  | — |
(Loss) on disposition | — |  |  | — |
Transfers into Level 3 | 1,664 |  |  | 150 |
Transfers out of Level 3 | (304 | ) |  | — |
Total assets at fair value | $ | 2,767 |  |  | $ | 150 |
Company's Financial Instruments | The carrying value and fair value of the Company’s financial instruments at June 30, 2014 and December 31, 2013 were as follows:
| Fair Value Measurements at
| June 30, 2014
| Using
| Carrying Value as of |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |  | Fair Value as of
| June 30, 2014 | (Level 1) |  | (Level 2) |  | (Level 3) |  | June 30, 2014
| (in thousands)
Financial Assets: |  |  |  |  |  |  |  |  |
Cash and short-term investments | $ | 12,405 |  |  | $ | 12,405 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,405 |
Securities | 100,286 |  |  | 1,190 |  |  | 99,096 |  |  | — |  |  | 100,286 |
Restricted Investments | 2,358 |  |  | — |  |  | 2,358 |  |  | — |  |  | 2,358 |
Loans, net | 458,447 |  |  | — |  |  | 463,749 |  |  | 2,767 |  |  | 466,516 |
Accrued interest receivable | 1,788 |  |  | — |  |  | 1,788 |  |  | — |  |  | 1,788 |
Financial Liabilities: |  |  |  |  |  |  |  |  |
Deposits | $ | 492,045 |  |  | $ | — |  |  | $ | 492,340 |  |  | $ | — |  |  | $ | 492,340 |
Federal funds purchased and securities sold under agreements to repurchase | — |  |  | — |  |  | — |  |  | — |  |  | — |
Federal Home Loan Bank advances | 30,000 |  |  | — |  |  | 29,613 |  |  | — |  |  | 29,613 |
Trust preferred capital notes | 7,217 |  |  | — |  |  | 7,217 |  |  | — |  |  | 7,217 |
Accrued interest payable | 155 |  |  | — |  |  | 155 |  |  | — |  |  | 155 |
Interest rate swap contract | 377 |  |  | — |  |  | 377 |  |  | — |  |  | 377 |
| Fair Value Measurements at
| December 31, 2013
| Using
| Carrying Value as of |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |  | Fair Value as of
| December 31, 2013 | (Level 1) |  | (Level 2) |  | (Level 3) |  | December 31, 2013
| (in thousands)
Financial assets: |  |  |  |  |  |  |  |  |
Cash and short-term investments | $ | 14,243 |  |  | $ | 14,243 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,243 |
Securities | 102,598 |  |  | 1,118 |  |  | 101,480 |  |  | — |  |  | 102,598 |
Restricted Investments | 2,192 |  |  | — |  |  | 2,192 |  |  | — |  |  | 2,192 |
Loans, net | 438,785 |  |  | — |  |  | 446,329 |  |  | 1,407 |  |  | 447,736 |
Accrued interest receivable | 1,797 |  |  | — |  |  | 1,797 |  |  | — |  |  | 1,797 |
Financial liabilities: |  |  |  |  |  |  |  |  |
Deposits | $ | 487,587 |  |  | $ | — |  |  | $ | 488,074 |  |  | $ | — |  |  | $ | 488,074 |
Federal funds purchased and securities sold under agreements to repurchase | — |  |  | — |  |  | — |  |  | — |  |  | — |
Federal Home Loan Bank advances | 22,250 |  |  | — |  |  | 22,214 |  |  | — |  |  | 22,214 |
Trust preferred capital notes | 7,217 |  |  | — |  |  | 7,217 |  |  | — |  |  | 7,217 |
Accrued interest payable | 165 |  |  | — |  |  | 165 |  |  | — |  |  | 165 |
Interest rate swap contract | 434 |  |  | — |  |  | 434 |  |  | — |  |  | 434 |

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- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19296-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + 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 (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13476-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 + Details
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- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + 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=25499696&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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=25499696&loc=d3e19190-110258 + Details
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