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Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2014

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		3/31/2014				Level 1				Level 2				Level 3
Available-for-Sale Securities:
U.S. Treasury and Government Agencies		$	19,065			$	-			$	19,065			$	-
Mortgage-backed securities			55,438				-				55,438				-
State and political subdivisions			18,779				-				18,779				-
Equity securities			23				-				23				-
Interest rate contracts - assets			250				-				250				-
Interest rate contracts - liabilities			(250	)			-				(250	)			-
($'s in thousands)		Fair Values at				Fair Value Measurements Using:
Description		12/31/2013				Level 1				Level 2				Level 3
Available-for-Sale Securities:
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 Funds			3,092				3,092				-				-
Equity securities			23				-				23				-
Interest rate contracts - assets			257				-				257				-
Interest rate contracts - liabilities			(257	)			-				(257	)			-

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		3/31/2014				Level 1				Level 2				Level 3
Impaired loans		$	3,637			$	-			$	-			$	3,637
Mortgage servicing rights			1,958				-				-				1,958
($'s in thousands)		Fair Values at				Fair Value Measurements Using:
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

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

		Fair Value at			Valuation				Range (Weighted
($'s in thousands)		3/31/2014			Technique		Unobservable Inputs		Average)
Collateral-dependent impaired loans		$	3,637		Market comparable properties		Comparability adjustments (%)		Not available
Mortgage servicing rights			1,958		Discounted cash flow		Discount Rate			9.88	%
							Constant prepayment rate			8.80	%
							P&I earnings credit			0.15	%
							T&I earnings credit			1.69	%
							Inflation for cost of servicing			1.50	%
		Fair Value at			Valuation				Range (Weighted
($'s in thousands)		12/31/2013			Technique		Unobservable Inputs		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 assets			45		Market comparable properties		Marketability discount			10.00	%

Summary of estimated fair values of company's financial instruments

March 31, 2014		Carrying				Fair Value Measurements Using
($'s in thousands)		Amount				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and cash equivalents		$	14,860			$	14,860			$	-			$	-
Loans held for sale			7,165				-				7,404				-
Loans, net of allowance for loan losses			475,198				-				-				476,510
Federal Reserve and FHLB Bank stock			3,748				-				3,748				-
Mortgage Servicing Rights			5,228				-				-				6,232
Accrued interest receivable			1,423				-				1,423				-
Financial liabilities
Deposits		$	532,719			$	84,265			$	450,974			$	-
FHLB advances			14,000				-				13,945				-
Repurchase agreements			16,905				-				16,905				-
Trust preferred securities			20,620				-				17,250				-
Accrued interest payable			425				-				425				-
December 31, 2013		Carrying				Fair Value Measurements 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			3,336				-				3,476				-
Loans, net of allowance for loan losses			470,339				-				-				469,505
Federal Reserve and FHLB Bank stock			3,748				-				3,748				-
Mortgage Servicing Rights			5,180				-				-				6,237
Accrued interest receivable			1,281				-				1,281				-
Financial liabilities
Deposits		$	518,234			$	-			$	439,273			$	-
Notes payable			589				-				600				-
FHLB advances			16,000				-				15,955				-
Repurchase agreements			14,696				-				14,696				-
Trust preferred securities			20,620				-				15,566				-
Accrued interest payable			639				-				639				-

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- 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

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

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (bbb)

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