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Fair Value (Tables) | 9 Months Ended
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Sep. 30, 2013
Fair Value [Abstract] |
Assets and liabilities measured at fair value on a recurring basis, including financial assets and liabilities |
| Fair Value Measurements at September 30, 2013 Using
| Significant Other Observable Inputs(Level 2)
Financial Assets: |  |
Securities available for sale: |  |
Corporate debt | $ | 4,373
State and municipal |  | 1,926
Issued by U.S. government-sponsored entities and agencies: |  |
Mortgage-backed securities - residential |  | 1,109
Collateralized mortgage obligations |  | 3,136
Total securities available for sale | $ | 10,544
Loans held for sale |  | 4,856
Yield maintenance provisions (embedded derivatives) | $ | 678
Interest rate lock commitments | $ | 26
Financial Liabilities: |  |
Interest-rate swaps | $ | 678
| 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
Assets and liabilities measured at fair value on a non-recurring basis |
Fair Value Measurements at September 30, 2013 Using
Significant Unobservable Inputs (Level 3)
Impaired loans: |  |
Commercial | $ | -
Real Estate: |  |
Single-family residential |  | 283
Multi-family residential |  | 1,167
Commercial: |  |
Non-owner occupied |  | 236
Owner occupied |  |
Total impaired loans | $ | 1,686
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
Financial instruments measured at fair value on a non-recurring basis |
|  | Fair Value |  | Valuation Technique(s) |  | Unobservable Inputs |  | Range (Weighted Average)
Impaired loans: |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |
Single-family residential |  | 283 |  | Comparable sales approach |  | Adjustment for differences between the comparable market transactions |  | -5.80%
Multi-family residential |  | 1,167 |  | Comparable sales approach |  | Adjustment for differences between the comparable market transactions |  | -32.60%
Commercial: |  |  |  |  |  |  |  |
Non-owner occupied |  | 236 |  | Comparable sales approach |  | Adjustment for differences between the comparable market transactions |  | -12.21%
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measures at fair value on a non-recurring basis at December 31, 2012:
|  | Fair Value |  | Valuation Technique(s) |  | Unobservable Inputs |  | Range (Weighted Average)
Impaired loans: |  |  |  |  |  |  |  |
Commercial | $ | 121 |  | Income approach |  | Adjustment for differences in net operating income expectations |  | -10.00%
Commercial real estate: |  |  |  |  |  |  |  |
Single -family residential |  | 57 |  | Comparable sales approach |  | Adjustment for differences between the comparable market transactions |  | 2.30%
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 |
|  | September 30, 2013 |  |  | December 31, 2012
Aggregate fair value | $ | 4,856 |  | $ | 623
Contractual balance |  | 4,822 |  |  | 595
Gain (loss) |  | 34 |  |  | 28
Amount of gains and losses from changes in fair value included in earnings |
| Three months ended September 30, |  | Nine months ended September 30, |
| 2013 |  | 2012 |  | 2013 |  | 2012 |
Interest income | $ | 13 |  | $ | 15 |  | $ | 29 |  | $ | 34 |
Interest expense |  | - |  |  | - |  |  | - |  |  | - |
Change in fair value |  | 26 |  |  | 9 |  |  | 6 |  |  | 13 |
Total change in fair value | $ | 39 |  | $ | 24 |  | $ | 35 |  | $ | 47 |
Carrying amounts and estimated fair values of financial instruments |
| Fair Value Measurements at September 30, 2013 Using:
| Carrying |  |  |  |  |  |  |  |  |  |  |  |
| Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 46,785 |  | $ | 46,785 |  | $ | - |  | $ | - |  | $ | 46,785
Interest-bearing deposits in other financial institutions |  | 1,982 |  |  | 1,982 |  |  | - |  |  | - |  |  | 1,982
Securities available for sale |  | 10,544 |  |  | - |  |  | 10,544 |  |  | - |  |  | 10,544
Loans held for sale |  | 4,856 |  |  | - |  |  | 4,856 |  |  | - |  |  | 4,856
Loans, net |  | 170,325 |  |  | - |  |  | - |  |  | 171,820 |  |  | 171,820
FHLB stock |  | 1,942 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
Accrued interest receivable |  | 74 |  |  | 4 |  |  | 70 |  |  | - |  |  | 74
Yield maintenance provisions (embedded derivatives) |  | 678 |  |  | - |  |  | 678 |  |  | - |  |  | 678
Interest rate lock commitments |  | 26 |  |  | - |  |  | 26 |  |  | - |  |  | 26
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits | $ | (210,676) |  | $ | (91,226) |  | $ | (120,545) |  | $ | - |  | $ | (211,771)
FHLB advances |  | (10,000) |  |  | - |  |  | (10,121) |  |  | - |  |  | (10,121)
Subordinated debentures |  | (5,155) |  |  | - |  |  | (2,991) |  |  | - |  |  | (2,991)
Accrued interest payable |  | (228) |  |  | - |  |  | (228) |  |  | - |  |  | (228)
Interest-rate swaps |  | (678) |  |  | - |  |  | (678) |  |  | - |  |  | (678)
The carrying amounts and estimated fair values of financial instruments at December 31, 2012 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 |  |  | n/a |  |  | n/a |  |  | 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)

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- Definition Carrying amounts and estimated fair values of financial instruments. + References No definition available. + Details
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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 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. 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 18 -Subparagraph c(2) -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 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 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 19 -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 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 19 -Subparagraph 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. 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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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