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Disclosures About Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2013

Disclosures About Fair Value Of Assets and Liabilities [Abstract]

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

Fair Value Measurements Using:

($ in thousands)		Fair Values at
Available-for-Sale Securities:		12/31/2013				(Level 1)				(Level 2)				(Level 3)
U.S. Treasury and Government Agencies		$	11,300			$	-			$	11,300			$	-
Mortgage-backed securities			57,223				-				57,223				-
State and political subdivisions			18,155				-				18,155				-
Money Market Mutual Fund			3,092				3,092				-				-
Equity securities			23								23
Interest rate contracts - assets			257								257
Interest rate contracts - liabilities			(257	)							(257	)

Fair Value Measurements Using:

($ in thousands)		Fair Values at
Available-for-Sale Securities:		12/31/2012				(Level 1)				(Level 2)				(Level 3)
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 Fund			2,155				2,155				-				-
Equity securities			23				-				23				-
Interest rate contracts - assets			254								254
Interest rate contracts - liabilities			(254	)							(254	)

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

Fair Value Measurements Using:

($ in thousands)		Fair Values at
Description		12/31/2013				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	3,540			$	-			$	-			$	3,540
Mortgage Servicing Rights			2,029				-				-				2,029
Foreclosed Assets			45				-				-				45

Fair Value Measurements Using:

($ in thousands)		Fair Values at
Description		12/31/2012				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	2,227			$	-			$	-			$	2,227
Mortgage Servicing Rights			3,775				-				-				3,775
Foreclosed Assets			950				-				-				950

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

($ in thousands)		Fair Value at 12/31/2013			Valuation Technique		Unobservable Inputs		Range (Weighted Average)
Collateral-dependent impaired loans		$	3,540		Market comparable properties		Comparability adjustments (%)		Not available
Mortgage servicing rights			2,029		Discounted cash flow		Discount Rate			10.25	%
							Constant prepayment rate			8.50	%
							P&I earnings credit			0.17	%
							T&I earnings credit			1.54	%
							Inflation for cost of servicing			1.50	%
Foreclosed asset			45		Market comparable properties		Marketability discount			10.0	%

($ in thousands)		Fair Value at 12/31/2012			Valuation Technique	Unobservable Inputs		Range (Weighted Average)
Collateral-dependent impaired loans		$	2,227		Market comparable properties	Comparability adjustments (%)		Not available
Foreclosed asset			950		Market comparable properties	Marketability discount			10.0	%
Mortgage servicing rights			3,755		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	%

Summary of estimated fair values of company's financial instruments

December 31, 2013		Carrying				Fair Value Measurments Using
$'s in thousands		Amount				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and cash equivalents		$	13,137			$	13,137			$	-			$	-
Loans held for sale			3,366				-				3,476				-
Loans, net of allowance for loan losses			470,339				-				-				469,505
Federal Reserve and FHLB Bank stock, at cost			3,748				-				3,748				-
Mortgage Servicing Rights			5,180				-				-				6,237
Accrued interest receivable			1,281				-				1,281				-
Financial liabilities
Deposits		$	518,234			$	81,570			$	439,273			$	-
Repurchase agreements			14,696				-				14,696				-
Notes payable			589				-				600				-
FHLB advances			16,000				-				15,955				-
Trust preferred securities			20,620				-				15,566				-
Accrued interest payable			639				-				639				-

December 31, 2012		Carrying				Fair Value Measurments 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, at cost			3,748				-				3,748				-
Mortgage Servicing Rights			3,775				-				-				4,329
Accrued interest receivable			1,235				-				1,235				-
Financial liabilities
Deposits		$	527,001			$	77,799			$	452,298			$	-
Repurchase agreements			10,333				-				10,333				-
Notes payable			1,702				-				1,731				-
FHLB advances			21,000				-				21,274				-
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

-Paragraph 1

-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

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

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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

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-Topic 820

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-Section 50

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