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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Measurements [Abstract]

Balances of assets measured at fair value on a recurring basis

						Fair Value Measurements at September 30, 2012 (in thousands)
Description		Balance as of September 30, 2012				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets
Securities available for sale
U.S. agency and mortgage-backed securities		$	79,580			$	—			$	79,580			$	—
Obligations of states and political subdivisions			16,255				—				16,255				—
Corporate equity securities			4				4				—				—
		$	95,839			$	4			$	95,835			$	—
						Fair Value Measurements at December 31, 2011 (in thousands)
Description		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)
Assets
Securities available for sale
U.S. agency and mortgage-backed securities		$	78,876			$	—			$	78,876			$	—
Obligations of states and political subdivisions			12,676				—				12,676				—
Corporate equity securities			113				113				—				—
		$	91,665			$	113			$	91,552			$	—

Summary of assets measured at fair value on a nonrecurring basis

						Carrying Value at September 30, 2012 (in thousands)
Description		Balance as of September 30, 2012				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets
Impaired loans, net		$	8,513			$	—			$	—			$	8,513
Other real estate owned, net			5,323				—				—				5,323

						Carrying Value at December 31, 2011 (in thousands)
Description		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)
Assets
Impaired loans, net		$	8,320			$	—			$	7,213			$	1,107
Other real estate owned, net			6,374				—				6,374				—

Quantitative information about Level 3 Fair Value Measurements

Quantitative information about Level 3 Fair Value Measurements for September 30, 2012

(dollars in thousands)

Fair Value

Valuation Technique

Unobservable Input

Range

Assets

Impaired loans

$

8,513

Discounted appraised value

Selling cost

10

%

Discount for lack of marketability

0%-30

%

and age of appraisal

Other real estate owned

5,323

Discounted appraised value

Selling cost

7

%

Discount for lack of marketability

0%-30

%

and age of appraisal

Changes in Level 3 assets measured at estimated fair value on a nonrecurring basis

		Carrying Value at September 30, 2012 (in thousands)
		Impaired Loans				Other Real Estate Owned
Balance, December 31, 2011		$	1,107			$	—
Increase in carrying value			139				—
Decrease in carrying value			(126	)			—
Additions			6,250				—
Transfers to OREO			(209	)			2,428
Transfers out of Level 3			(171	)			—
Transfers into Level 3			1,523				2,895
Balance, September 30, 2012		$	8,513			$	5,323

Carrying values and estimated fair values of the Company's financial instruments

		(in thousands)
		Fair Value Measurements at September 30, 2012 using
		Carrying Amount				Quoted Prices in Active Markets for Identical Assets Level 1				Significant Other Observable Inputs Level 2				Significant Unobservable Inputs Level 3				Balance
Financial Assets
Cash and short-term investments		$	26,219			$	26,219			$	—			$	—			$	26,219
Securities			95,839				4				95,835				—				95,839
Loans, net			366,703				—				0				8,513				0
Accrued interest receivable			1,581				—				1,581				—				1,581
Financial Liabilities
Deposits		$	456,958			$	—			$	0			$	—			$	0
Other borrowings			6,082				—				0				—				0
Trust preferred capital notes			9,279				—				0				—				0
Accrued interest payable			315				—				315				—				315

		(in thousands)
		December 31, 2011
		Carrying Amount				Fair Value
Financial Assets
Cash and short-term investments		$	29,524			$	29,524
Securities			91,665				91,665
Loans, net			379,503				383,557
Loans held for sale			274				274
Accrued interest receivable			1,620				1,620
Financial Liabilities
Deposits		$	469,172			$	471,771
Other borrowings			19,100				19,137
Trust preferred capital notes			9,279				8,576
Accrued interest payable			366				366

X

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Fair value assets measured on non recurring basis unobservable input reconciliation.

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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 Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 5

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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).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 6

-Footnote 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

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Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-Publisher FASB

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-Number 107

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-Publisher FASB

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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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.

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