XML 56 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Assets Measured at Fair Value on Recurring and Nonrecurring Basis

The table below presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of March 31, 2013 and December 31, 2012. The Company had no liabilities measured at fair value as of March 31, 2013 or December 31, 2012.

		Carrying Value
(In thousands)		Level 1				Level 2				Level 3				Total
March 31, 2013
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities		$	0			$	21,629			$	0			$	21,629
Agency CMO			0				22,509				0				22,509
Agency notes and bonds			0				34,366				0				34,366
Municipal obligations			0				33,741				0				33,741
Mutual funds			4,341				0				0				4,341
Total securities available for sale		$	4,341			$	112,245			$	0			$	116,586
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate		$	0			$	0			$	1,831			$	1,831
Land			0				0				124				124
Construction			0				0				260				260
Commercial real estate			0				0				1,148				1,148
Commercial business			0				0				711				711
Home equity and second mortgage			0				0				249				249
Total impaired loans		$	0			$	0			$	4,323			$	4,323
Loans held for sale		$	0			$	4,918			$	0			$	4,918
Foreclosed real estate:
Residential real estate		$	0			$	0			$	520			$	520
Land			0				0				37				37
Total foreclosed real estate		$	0			$	0			$	557			$	557
December 31, 2012
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities		$	0			$	23,206			$	0			$	23,206
Agency CMO			0				22,660				0				22,660
Agency notes and bonds			0				38,553				0				38,553
Municipal obligations			0				34,317				0				34,317
Mutual funds			4,237				0				0				4,237
Total securities available for sale		$	4,237			$	118,736			$	0			$	122,973
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate		$	0			$	0			$	2,157			$	2,157
Land			0				0				125				125
Construction			0				0				403				403
Commercial real estate			0				0				2,561				2,561
Commercial business			0				0				678				678
Home equity and second mortgage			0				0				7				7
Total impaired loans		$	0			$	0			$	5,931			$	5,931
Loans held for sale		$	0			$	3,609			$	0			$	3,609
Foreclosed real estate:
Residential real estate		$	0			$	0			$	258			$	258
Land			0				0				37				37
Total foreclosed real estate		$	0			$	0			$	295			$	295

Carrying Value and Estimated Fair Value of Financial Instruments

The estimated fair values of the Company’s financial instruments are as follows:

		Carrying				Fair				Fair Vale Measurements Using
(In thousands)		Value				Value				Level 1				Level 2				Level 3
March 31, 2013:
Financial assets:
Cash and cash equivalents		$	29,038			$	29,038			$	29,038			$	0			$	0
Securities available for sale			116,586				116,586				4,341				112,245				0
Securities held to maturity			11				11				0				11				0
Loans held for sale			4,918				5,008				0				5,008				0
Loans, net			275,674				279,996				0				0				279,996
FHLB stock			2,820				2,820				0				2,820				0
Accrued interest receivable			1,722				1,722				0				1,722				0
Financial liabilities:
Deposits			383,921				384,656				0				0				384,656
Retail repurchase agreements			10,579				10,579				0				10,579				0
Advances from FHLB			5,100				5,100				0				5,100				0
Accrued interest payable			260				260				0				260				0
December 31, 2012:
Financial assets:
Cash and cash equivalents		$	23,211			$	23,211			$	23,211			$	0			$	0
Securities available for sale			122,973				122,973				4,237				118,736				0
Securities held to maturity			12				12				0				12				0
Loans held for sale			3,609				3,705				0				3,705				0
Loans, net			280,407				287,609				0				0				287,609
FHLB stock			2,820				2,820				0				2,820				0
Accrued interest receivable			1,757				1,757				0				1,757				0
Financial liabilities:
Deposits			384,343				385,212				0				0				385,212
Retail repurchase agreements			14,092				14,092				0				14,092				0
Advances from FHLB			5,100				5,100				0				5,100				0
Accrued interest payable			290				290				0				290				0

X

- 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 and/or nonrecurring 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



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a),(b)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-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

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-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

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258



Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610



Reference 9: http://www.xbrl.org/2003/role/presentationRef

-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.



Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611



Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration