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Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Of Assets and Liabilities [Abstract]

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

($'s in thousands)		Fair Values at				Fair Value Measurements Using:
Description		9/30/2013				Level 1				Level 2				Level 3
Available-for-Sale Securities:
U.S. Treasury and Government Agencies		$	12,621			$	-			$	12,621			$	-
Mortgage-backed securities			53,272				-				53,272				-
State and political subdivisions			19,327				-				19,327				-
Money Market Mutual Funds			1,377				1,377				-				-
Equity securities			23				-				23				-
Interest rate contracts			279				-				279				-
($'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 subdivisions			18,249				-				18,249				-
Money Market Mutual Funds			2,155				2,155				-				-
Equity securities			23				-				23				-
Interest rate contracts			254				-				254				-

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		9/30/2013				Level 1				Level 2				Level 3
Impaired loans		$	1,632			$	-			$	-			$	1,632
Mortgage servicing rights			2,112				-				-				2,112
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)		9/30/2013			Technique		Unobservable Inputs		Average)
Collateral-dependent impaired loans		$	1,632		Market comparable properties		Comparability adjustments (%)		Not available
Mortgage servicing rights			2,112		Discounted cash flow		Discount Rate			9.75	%
							Constant prepayment rate			8.50	%
							P&I earnings credit			0.18	%
							T&I earnings credit			1.67	%
							Inflation for cost of servicing			1.50	%
Foreclosed assets			84		Market comparable properties		Marketability discount			10.00	%
		Fair Value at			Valuation				Range (Weighted
($'s in thousands)		12/31/2012			Technique		Unobservable Inputs		Average)
Collateral-dependent impaired loans		$	2,227		Market comparable properties		Comparability adjustments (%)		Not available
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 properties		Marketability discount			10.00	%

Summary of estimated fair values of company's financial instruments

September 30, 2013		Carrying				Fair Value Measurements Using
($'s in thousands)		Amount				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and cash equivalents		$	19,016			$	19,016			$	-			$	-
Loans held for sale			2,407				-				2,471				-
Loans, net of allowance for loan losses			468,113				-				-				470,329
Federal Reserve and FHLB Bank stock			3,748				-				3,748				-
Mortgage Servicing Rights			5,076				-				-				6,215
Accrued interest receivable			1,694				-				1,694				-
Financial liabilities
Deposits		$	521,543			$	-			$	524,226			$	-
Notes payable			680				-				695				-
FHLB advances			16,000				-				15,991				-
Short-term borrowings			14,836				-				14,836				-
Trust preferred securities			20,620				-				13,737				-
Accrued interest payable			448				-				448				-

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 Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19296-110258

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- 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 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

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-URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258



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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ 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 (a)

-URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258



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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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-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

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