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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Measurements [Abstract]

Balances of assets measured at fair value on a recurring basis

						Fair Value Measurements at March 31, 2013 (in thousands)
Description		Balance as of      March 31, 2013				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		$	71,115			$	—			$	71,115			$	—
Obligations of states and political subdivisions			17,971				—				17,971				—
Corporate equity securities			3				3				—				—
		$	89,089			$	3			$	89,086			$	—

						Fair Value Measurements at December 31, 2012 (in thousands)
Description		Balance as of      December  31, 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		$	73,218			$	—			$	73,218			$	—
Obligations of states and political subdivisions			16,235				—				16,235				—
Corporate equity securities			3				3				—				—
		$	89,456			$	3			$	89,453			$	—

Summary of assets measured at fair value on a nonrecurring basis

						Carrying Value at March 31, 2013 (in thousands)
Description		Balance as of March 31, 2013				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		$	9,639			$	—			$	—			$	9,639
Other real estate owned, net			5,173				—				—				5,173

						Carrying Value at December 31, 2012 (in thousands)
Description		Balance as of December 31, 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		$	7,944			$	—			$	—			$	7,944
Other real estate owned, net			5,590				—				—				5,590

Quantitative information about Level 3 Fair Value Measurements

		Quantitative information about Level 3 Fair Value Measurements for March 31, 2013
		(dollars in thousands)
		Fair Value				Valuation Technique		Unobservable Input		Range (Weighted Average)
Assets
Impaired loans		$	9,639			Property appraisals		Selling cost		10%
								Discount for lack of marketability and age of appraisal		0%-29% (3%)
Other real estate owned		$	5,173			Property appraisals		Selling cost		7%
								Discount for lack of marketability and age of appraisal		0%-20% (1%)

		Quantitative information about Level 3 Fair Value Measurements for December 31, 2012
		(dollars in thousands)
		Fair Value				Valuation Technique		Unobservable Input		Range
Assets
Impaired loans		$	7,944			Discounted appraised value		Selling cost		10%
								Discount for lack of marketability and age of appraisal		0%-30%
Other real estate owned			5,590			Discounted appraised value		Selling cost		7%
								Discount for lack of marketability and age of appraisal		0%-25%

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

		(in thousands)
		Fair Value Measurements at March 31, 2013 using
		Carrying Amount				Quoted Prices in Active Markets for Identical Assets Level 1				Significant Other Observable Inputs Level 2				Significant Unobservable Inputs Level  3				Fair Value
Financial Assets
Cash and short-term investments		$	39,537			$	39,537			$	—			$	—			$	39,537
Securities			89,089				3				89,086				—				89,089
Loans, net			369,583				—				—				374,127				374,127
Bank owned life insurance			9,077				9,077				—				—				9,077
Accrued interest receivable			1,430				1,430				—				—				1,430
Financial Liabilities
Deposits		$	469,980			$	314,939			$	—			$	156,393			$	471,332
Other borrowings			6,070				—				—				6,198				6,198
Trust preferred capital notes			9,279				—				—				8,738				8,738
Accrued interest payable			264				264				—				—				264

		(in thousands)
		Fair Value Measurements at December 31, 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				Fair Value
Financial Assets
Cash and short-term investments		$	31,028			$	31,028			$	—			$	—			$	31,028
Securities			89,456				3				89,453				—				89,456
Loans held for sale			503				—				503				—				503
Loans, net			370,519				—				—				375,941				375,941
Bank owned life insurance			9,014				9,014				—				—				9,014
Accrued interest receivable			1,459				1,459				—				—				1,459
Financial Liabilities
Deposits		$	466,917			$	306,719			$	—			$	162,151			$	468,870
Other borrowings			6,076				—				—				6,220				6,220
Trust preferred capital notes			9,279				—				—				8,735				8,735
Accrued interest payable			286				286				—				—				286

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

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

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19296-110258

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- Definition

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

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258



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-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

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-Section 50

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- Definition

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-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 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a, b, c(1), d(1)

-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 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-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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- 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)

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