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6. Fair Value (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Available for sale securities measured at fair value on a recurring basis

(Dollars in thousands)
	September 30, 2015
	Fair Value Measurements			Level 1 Valuation		Level 2 Valuation		Level 3 Valuation
Mortgage-backed securities	$	77,466		-		77,466		-
U.S. Government
sponsored enterprises	$	39,169		-		39,169		-
State and political subdivisions	$	148,322		-		148,322		-
Corporate bonds	$	1,940		-		1,940		-
Trust preferred securities	$	750		-		-		750
Equity securities	$	1,174		1,174		-		-

(Dollars in thousands)
	December 31, 2014
	Fair Value Measurements			Level 1 Valuation		Level 2 Valuation		Level 3 Valuation
Mortgage-backed securities	$	90,210		-		90,210		-
U.S. Government
sponsored enterprises	$	34,048		-		34,048		-
State and political subdivisions	$	152,246		-		152,246		-
Corporate bonds	$	2,467		-		2,467		-
Trust preferred securities	$	750		-		-		750
Equity securities	$	1,378		1,378		-		-

Fair value measurements of investment securities available for sale using Level 3 significant unobservable inputs

(Dollars in thousands)
	Investment Securities Available for Sale
	Level 3 Valuation
Balance, beginning of period	$	750
Change in book value		-
Change in gain/(loss) realized and unrealized		-
Purchases/(sales and calls)		-
Transfers in and/or (out) of Level 3		-
Balance, end of period	$	750
Change in unrealized gain/(loss) for assets still held in Level 3	$	-

Fair value measurements for impaired loans and other real estate on a non-recurring basis

(Dollars in thousands)
	Fair Value Measurements September 30, 2015			Level 1 Valuation		Level 2 Valuation		Level 3 Valuation
Impaired loans	$	31,967		-		-		31,967
Other real estate	$	2,349		-		-		2,349
(Dollars in thousands)
	Fair Value Measurements December 31, 2014			Level 1 Valuation		Level 2 Valuation		Level 3 Valuation
Impaired loans	$	34,633		-		-		34,633
Other real estate	$	2,016		-		-		2,016

Carrying amount and estimated fair value of the Company's financial instruments

(Dollars in thousands)
				Fair Value Measurements at September 30, 2015
	Carrying Amount			Level 1	Level 2	Level 3	Total
Assets:
Cash and cash equivalents	$	44,625		44,625	-	-	44,625
Investment securities available for sale	$	268,821		1,174	266,897	750	268,821
Other investments	$	3,912		-	-	3,912	3,912
Mortgage loans held for sale	$	1,679		-	-	1,679	1,679
Loans, net	$	674,380		-	-	678,436	678,436
Cash surrender value of life insurance	$	14,440		-	14,440	-	14,440
Liabilities:
Deposits	$	806,561		-	-	804,236	804,236
Securities sold under agreements
to repurchase	$	47,240		-	47,240	-	47,240
FHLB borrowings	$	50,000		-	49,572	-	49,572
Junior subordinated debentures	$	20,619		-	20,619	-	20,619
(Dollars in thousands)
				Fair Value Measurements at December 31, 2014
	Carrying Amount			Level 1	Level 2	Level 3	Total
Assets:
Cash and cash equivalents	$	69,098		69,098	-	-	69,098
Investment securities available for sale	$	281,099		1,378	278,971	750	281,099
Other investments	$	4,031		-	-	4,031	4,031
Mortgage loans held for sale	$	1,375		-	-	1,375	1,375
Loans, net	$	640,809		-	-	644,708	644,708
Cash surrender value of life insurance	$	14,125		-	14,125	-	14,125
Liabilities:
Deposits	$	814,700		-	-	813,288	813,288
Securities sold under agreements
to repurchase	$	48,430		-	48,430	-	48,430
FHLB borrowings	$	50,000		-	49,598	-	49,598
Junior subordinated debentures	$	20,619		-	20,619	-	20,619

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