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Fair Value (Tables) | 12 Months Ended
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Dec. 31, 2012
Assets and Liabilities Measured at Fair Value on Recurring Basis, Including Financial Assets and Liabilities | Assets and liabilities measured at fair value on a recurring basis, including financial assets and liabilities for which the Company has elected the fair value option, are summarized below:
|  | Fair Value Measurements at December 31, 2012 Using Significant Other Observable Inputs (Level 2) |
Financial Assets: |  |  |  |
Securities available for sale: |  |  |  |
Corporate debt |  | $ | 4,365 |
State and municipal |  |  | 1,986 |
Issued by U.S. government-sponsored entities and agencies: |  |  |  |
Mortgage-backed securities - residential |  |  | 1,486 |
Collateralized mortgage obligations |  |  | 9,802 |
Total securities available for sale |  | $ | 17,639 |
Loans held for sale |  | $ | 623 |
Yield maintenance provisions (embedded derivatives) |  | $ | 990 |
Interest rate lock commitments |  | $ | 45 |
Financial Liabilities: |  |  |  |
Interest-rate swaps |  | $ | 990 |
|  | Fair Value Measurements at December 31, 2011 Using Significant Other Observable Inputs (Level 2) |
Financial Assets: |  |  |  |
Securities available for sale: |  |  |  |
Issued by U.S. government-sponsored entities and agencies: |  |  |  |
Mortgage-backed securities - residential |  | $ | 1,673 |
Collateralized mortgage obligations |  |  | 16,843 |
Total securities available for sale |  | $ | 18,516 |
Loans held for sale |  | $ | 1,210 |
Yield maintenance provisions (embedded derivatives) |  | $ | 999 |
Interest rate lock commitments |  | $ | 39 |
Financial Liabilities: |  |  |  |
Interest-rate swaps |  | $ | 999 |
Assets Measured at Fair Value on a Non-Recurring Basis | Assets measured at fair value on a non-recurring basis are summarized below:
|  | Fair Value Measurements at December 31, 2012 Using |
|  |  |  | Significant Unobservable Inputs (Level 3) |
Impaired loans: |  |  |  |  |  |
Commercial |  |  |  | $ | 121 |
Real Estate: |  |  |  |  |  |
Single-family residential |  |  |  |  | 57 |
Multi-family residential |  |  |  |  | 2,070 |
Commercial: |  |  |  |  |  |
Non-owner occupied |  |  |  |  | 1,806 |
Owner occupied |  |  |  |  | 1,244 |
|  |  |  |  | — |
|  |  |  |  | — |
Total impaired loans |  |  |  | $ | 5,298 |
|  | Fair Value Measurements at December 31, 2011 Using |
|  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Loan servicing rights |  | $ | 9 |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |  |
Commercial |  |  |  |  |  | $ | 108 |
Real Estate: |  |  |  |  |  |  |  |
Multi-family residential |  |  |  |  |  |  | 3,065 |
Commercial: |  |  |  |  |  |  |  |
Non-owner occupied |  |  |  |  |  |  | 2,887 |
Owner occupied |  |  |  |  |  |  | 516 |
Land |  |  |  |  |  |  | 233 |
Total impaired loans |  |  |  |  |  | $ | 6,809 |
Foreclosed assets |  |  |  |  |  |  |  |
Land |  |  |  |  |  | $ | 1,209 |
Financial Instruments Measured at Fair Value on Non-Recurring Basis |
|  | Fair Value |  |  | Valuation Technique(s) |  | Unobservable Inputs |  | Range (Weighted Average)
Impaired loans: |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 121 |  |  | Income approach |  | Adjustment for differences in net operating income expectations |  | -10.0%
Single-family residential |  |  | 57 |  |  | Comparable sales approach |  | Adjustment for differences between the comparable market transactions |  | 2.3%
Commercial real estate: |  |  |  |  |  |  |  |  |  |
Multi-family residential |  |  | 2,070 |  |  | Comparable sales approach |  | Adjustment for differences between the comparable market transactions |  | -39.0% to -27.1% (-32.7%)
Commercial: |  |  |  |  |  |  |  |  |  |
Non-owner occupied |  |  | 1,806 |  |  | Comparable sales approach |  | Adjustment for differences between the comparable market transactions |  | -12.2% to 16.7% (-7.3%)
Owner occupied |  |  | 1,244 |  |  | Comparable sales approach |  | Adjustment for differences between the comparable market transactions |  | -6.3% to 0.5% (-0.8%)
Aggregate Fair Value, Contractual Balance (Including Accrued Interest) and Gain or Loss | As of December 31, 2012 and December 31, 2011, the aggregate fair value, contractual balance (including accrued interest) and gain or loss was as follows:
|  | December 31, 2012 |  |  | December 31, 2011 |
Aggregate fair value |  | $ | 623 |  |  | $ | 1,210 |
Contractual balance |  |  | 595 |  |  |  | 1,196 |
Gain |  |  | 28 |  |  |  | 14 |
Amount of Gains and Losses from Changes in Fair Value Included in Earnings | The total amount of gains and losses from changes in fair value included in earnings for the year ended December 31, 2012, 2011 and 2010 for loans held for sale were:
|  | 2012 |  |  | 2011 |  |  | 2010 |
Interest income |  | $ | 46 |  |  | $ | 40 |  |  | $ | 40 |
Interest expense |  |  | — |  |  |  | — |  |  |  | — |
Change in fair value |  |  | 14 |  |  |  | (5 | ) |  |  | 19 |
Total change in fair value |  | $ | 60 |  |  | $ | 35 |  |  | $ | 59 |
Carrying Amount and Estimated Fair Values of Financial Instruments | Carrying amount and estimated fair values of financial instruments at year-end were as follows:
|  | Fair Value Measurements at December 31, 2012 Using: |
|  | Carrying Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 25,152 |  |  | $ | 25,152 |  |  | $ | — |  |  | $ | — |  |  | $ | 25,152 |
Interest-bearing deposits in other financial institutions |  |  | 2,726 |  |  |  | 2,726 |  |  |  |  |  |  |  | — |  |  |  | 2,726 |
Securities available for sale |  |  | 17,639 |  |  |  | — |  |  |  | 17,639 |  |  |  | — |  |  |  | 17,639 |
Loans held for sale |  |  | 623 |  |  |  | — |  |  |  | 623 |  |  |  | — |  |  |  | 623 |
Loans, net |  |  | 153,043 |  |  |  | — |  |  |  | — |  |  |  | 156,256 |  |  |  | 156,256 |
FHLB stock |  |  | 1,942 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | n/a |
Accrued interest receivable |  |  | 105 |  |  |  | 10 |  |  |  | 95 |  |  |  | — |  |  |  | 105 |
Yield maintenance provisions (embedded derivatives) |  |  | 990 |  |  |  | — |  |  |  | 990 |  |  |  | — |  |  |  | 990 |
Interest rate lock commitments |  |  | 45 |  |  |  | — |  |  |  | 45 |  |  |  | — |  |  |  | 45 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | (173,508 | ) |  | $ | (75,340 | ) |  | $ | (99,946 | ) |  | $ | — |  |  | $ | (175,286 | )
FHLB advances |  |  | (10,000 | ) |  |  | — |  |  |  | (10,338 | ) |  |  | — |  |  |  | (10,338 | )
Subordinated debentures |  |  | (5,155 | ) |  |  | — |  |  |  | (2,999 | ) |  |  | — |  |  |  | (2,999 | )
Accrued interest payable |  |  | (98 | ) |  |  | — |  |  |  | (98 | ) |  |  | — |  |  |  | (98 | )
Interest-rate swaps |  |  | (990 | ) |  |  | — |  |  |  | (990 | ) |  |  | — |  |  |  | (990 | )
The carrying amounts and estimated fair values of financial instruments at December 31, 2011 were as follows:
|  | December 31, 2011 |
|  | Carrying |  |  | Fair |
|  | Amount |  |  | Value |
Financial assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 61,436 |  |  | $ | 61,436 |
Interest-bearing deposits in other financial institutions |  |  | 1,984 |  |  |  | 1,984 |
Securities available for sale |  |  | 18,516 |  |  |  | 18,516 |
Loans held for sale |  |  | 1,210 |  |  |  | 1,210 |
Loans, net |  |  | 151,160 |  |  |  | 155,159 |
FHLB stock |  |  | 1,942 |  |  |  | n/a |
Accrued interest receivable |  |  | 92 |  |  |  | 92 |
Yield maintenance provisions (embedded derivatives) |  |  | 999 |  |  |  | 999 |
Interest rate lock commitments |  |  | 39 |  |  |  | 39 |
Financial liabilities |  |  |  |  |  |  |  |
Deposits |  | $ | (217,049 | ) |  | $ | (219,235 | )
FHLB advances |  |  | (15,742 | ) |  |  | (16,327 | )
Subordinated debentures |  |  | (5,155 | ) |  |  | (2,810 | )
Accrued interest payable |  |  | (300 | ) |  |  | (300 | )
Interest-rate swaps |  |  | (999 | ) |  |  | (999 | )

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- Definition Fair value of assets and liabilities measured on non-recurring basis. + References No definition available. + Details
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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + 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=7578670&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph 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 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph c(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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1),(d) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 22 -Subparagraph 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 Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 18 -Subparagraph d, e -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 Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 19 -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 17 -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 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=7578670&loc=d3e19190-110258 + Details
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