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Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Of Assets and Liabilities [Abstract]

Summary of fair value measurements of securities measured at fair value on a recurring basis

($'s in thousands)		Fair Values at				Fair Value Measurements Using:
Description		3/31/2013				Level 1				Level 2				Level 3
Available-for-Sale Securities:
U.S. Treasury and
Government Agencies		$	16,795			$	-			$	16,795			$	-
Mortgage-backed
securities			60,709				-				60,709				-
State and political			17,986				-				17,986				-
Money Market Mutual Fund			2,877				2,877				-				-
Equity securities			23				-				23				-
Interest rate contracts			205				-				205				-

($'s in thousands)		Fair Values at				Fair Value Measurements Using:
Description		12/31/2012				Level 1				Level 2				Level 3
Available-for-Sale Securities:
U.S. Treasury and
Government Agencies		$	14,511			$	-			$	14,511			$	-
Mortgage-backed
securities			63,764				-				63,764				-
State and political			18,249				-				18,249				-
Money Market Mutual Fund			2,155				2,155				-				-
Equity securities			23				-				23				-
Interest rate contracts			254				-				254				-

Level 1 – Quoted Prices in Active Markets for Identical Assets

Level 2 – Significant Other Observable Inputs

Level 3 – Significant Unobservable Inputs

Summary of fair value measurements of assets measured at fair value on a non-recurring basis

($'s in thousands)		Fair Values at				Fair Value Measurements Using:
Description		3/31/2013				Level 1				Level 2				Level 3
Impaired loans		$	1,511			$	-			$	-			$	1,511
Mortgage servicing rights			2,388				-				-				2,388
Foreclosed assets			84				-				-				84

($'s in thousands)		Fair Values at				Fair Value Measurements Using:
Description		12/31/2012				Level 1				Level 2				Level 3
Impaired loans		$	2,227			$	-			$	-			$	2,227
Mortgage servicing rights			2,667				-				-				2,667
Foreclosed assets			950				-				-				950

Summary of quantitative information about unobservable inputs used in recurring and nonrecurring

		Fair Value at			Valuation				Range (Weighted
($'s in thousands)		3/31/2013			Technique		Unobservable Inputs		Average)
Collateral-dependent impaired loans		$	1,511		Market comparable		Comparability adjustments (%)		Not available
					properties
Mortgage servicing rights			2,388		Discounted cash flow		Discount Rate			8.75	%
							Constant prepayment rate			13.10	%
							P&I earnings credit			0.20	%
							T&I earnings credit			0.96	%
							Inflation for cost of servicing			1.50	%
Foreclosed assets			84		Market comparable		Marketability discount			10.00	%
					properties

		Fair Value at			Valuation				Range (Weighted
($'s in thousands)		12/31/2012			Technique		Unobservable Inputs		Average)
Collateral-dependent impaired loans		$	2,227		Market comparable		Comparability adjustments (%)		Not available
					properties
Mortgage servicing rights			2,667		Discounted cash flow		Discount Rate			8.50	%
							Constant prepayment rate			15.60	%
							P&I earnings credit			0.21	%
							T&I earnings credit			0.81	%
							Inflation for cost of servicing			1.50	%
Foreclosed assets			950		Market comparable		Marketability discount			10.00	%
					properties

Summary of estimated fair values of company's financial instruments

March 31, 2013		Carrying				Fair Value Measurements Using
($'s in thousands)		Amount				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and cash equivalents		$	28,031			$	28,031			$	-			$	-
Loans held for sale			8,560				-				8,724				-
Loans, net of allowance for loan losses			448,451				-				-				454,540
Federal Reserve and FHLB Bank stock			3,748				-				3,748				-
Mortgage Servicing Rights			4,068												4,817
Accrued interest receivable			1,618				-				1,618				-
Financial liabilities
Deposits		$	532,259			$	-			$	535,359			$	-
Notes payable			1,424				-				1,450				-
FHLB advances			17,500				-				17,766				-
Short-term borrowings			10,983				-				10,983				-
Trust preferred securities			20,620				-				6,092				-
Accrued interest payable			515				-				515				-

December 31, 2012		Carrying				Fair Value Measurements Using
($'s in thousands)		Amount				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and cash equivalents		$	19,144			$	19,144			$	-			$	-
Loans held for sale			6,147				-				6,350				-
Loans, net of allowance for loan losses			456,578				-				-				462,773
Federal Reserve and FHLB Bank stock			3,748				-				3,748				-
Mortgage Servicing Rights			3,775												4,329
Accrued interest receivable			1,235				-				1,235				-
Financial liabilities
Deposits		$	527,001			$	-			$	530,097			$	-
Notes payable			1,702				-				1,731				-
FHLB advances			21,000				-				21,274				-
Short-term borrowings			10,333				-				10,333				-
Trust preferred securities			20,620				-				7,353				-
Accrued interest payable			138				-				138				-

X

- Definition

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).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-Subparagraph a, 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 Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19296-110258

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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 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



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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.



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-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.



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-Publisher FASB

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-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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-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

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-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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Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs.

+ References

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-Name Accounting Standards Codification

-Topic 820

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