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FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Disclosures [Abstract]

Fair Value Assets and Liabilities Measured On Recurring Basis Table Text Block

The following table presents the fair value measurements of assets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2012 and December 31, 2011.

Interest Rate Contracts

The fair values of interest rate contracts are based upon the estimated amount the Company would receive or pay to terminate the contracts or agreements, taking into account underlying interest rates, credit worthiness of underlying customers for credit derivatives and, when appropriate, the creditworthiness of the counterparties.

($'s in thousands)		Fair Values at				Fair Value Measurements Using:
Description		6/30/2012				Level 1				Level 2				Level 3
Available-for-Sale Securities:
U.S. Treasury and Government
Agencies		$	14,611			$	-			$	14,611			$	-
Mortgage-backed securities			67,727				-				67,727				-
State and political subdivisions			16,817				-				16,817				-
Money Market Mutual Fund			3,359				3,359				-				-
Equity securities			23				-				23				-
Interest rate contracts			149				-				149				-

($'s in thousands)		Fair Values at				Fair Value Measurements Using:
Description		12/31/2011				Level 1				Level 2				Level 3
Available-for-Sale Securities:
U.S. Treasury and Government Agencies		$	25,424			$	-			$	25,424			$	-
Mortgage-backed securities			67,698				-				67,698				-
State and political subdivisions			16,793				-				16,793				-
Money Market Mutual Funds			2,040				2,040				-				-
Equity Securities			23				-				23				-

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

The following table presents the fair value measurements of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June30,2012 and December31,2011($’s in thousands):

($'s in thousands)		Fair Values at				Fair Value Measurements Using:
Description		6/30/2012				Level 1				Level 2				Level 3
Impaired loans		$	5,046			$	-			$	-			$	5,046
Mortgage servicing rights			3,359				-				-				3,359
Foreclosed assets			1,122				-				-				1,122

($'s in thousands)		Fair Values at				Fair Value Measurements Using:
Description		12/31/2011				Level 1				Level 2				Level 3
Impaired loans		$	5,575			$	-			$	-			$	5,575
Mortgage servicing rights			2,820				-				-				2,820
Foreclosed assets			877				-				-				877
Software			159				-				-				159

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]

The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements.

		Fair Value at				Valuation								Range (Weighted
($'s in thousands)		6/30/2012				Technique				Unobservable Inputs				Average)
Collateral-dependent impaired loans		$	5,046				Market comparable properties				Comparability adjustments (%)				Not available
Foreclosed assets			1,122				Market comparable properties				Marketability discount				10.0	%
Mortgage servicing rights			3,359				Discounted cash flow				Discount Rate				8.5	%
											Constant prepayment rate				17.9	%
											P&I earnings credit				0.25	%
											T&I earnings credit				1.1	%
											Inflation for cost of servicing				1.5	%

Fair Value, by Balance Sheet Grouping [Table Text Block]

The estimated fair value for other financial instruments and off-balance-sheet loan commitments approximate cost at June 30,2012 and are not considered significant to this presentation.

June 30, 2012		Carrying				Fair Value Measurments Using
$'s in thousands		Amount				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and cash equivalents		$	14,636			$	14,636			$	-			$	-
Loans held for sale			10,595				-				10,915				-
Loans, net of allowance for loan losses			445,492				-				-				451,079
Federal Reserve and FHLB Bank stock			3,748				-				3,748				-
Accrued interest receivable			1,597				-				1,597				-
Financial liabilities
Deposits		$	518,661			$	-			$	522,162			$	-
Short-term borrowings			15,824				-				15,830				-
Notes payable			2,249				-				2,279				-
FHLB advances			17,500				-				18,295				-
Trust preferred securities			20,620				-				8,652				-
Accrued interest payable			3,836				-				3,836				-

December 31, 2011		Carrying				Fair Value Measurments Using
$'s in thousands		Amount				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and cash equivalents		$	14,846			$	14,846			$	-			$	-
Loans held for sale			5,238				-				5,334				-
Loans, net of allowance for loan losses			436,025				-				-				443,727
Federal Reserve and FHLB Bank stock, at cost			3,685				-				3,685				-
Interest receivable			1,635				-				1,635				-
Financial liabilities
Deposits		$	518,765			$	-			$	521,654			$	-
Short-term borrowings			18,779				-				18,903				-
Notes payable			2,788				-				2,815				-
Federal Home Loan Bank advances			12,776				-				13,149				-
Trust preferred securities			20,620				-				8,320				-
Interest payable			2,954				-				2,954				-

X

- Definition

This element represents the disclosure related to assets and liabilities by class, 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 in periods after initial recognition (for example, impaired assets). The disclosures that may be required or desired include: (a) the fair value measurements recorded during the period and the reasons for the measurements and (b) 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 or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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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.

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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).

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