Fair Value (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

					Quoted Prices in	Significant
					Active Markets	Other	Significant
					for	Observable	Unobservable
					Identical Assets	Inputs	Inputs
(Dollars in thousands)				Amount	(Level 1)	(Level 2)	(Level 3)
June 30, 2014:
Securities available-for-sale:
	Agency obligations		$	70,751	—	70,751	—
	Agency RMBS			141,005	—	141,005	—
	State and political subdivisions			65,197	—	65,197	—
Total securities available-for-sale				276,953	—	276,953	—
Other assets ⁽¹⁾				756	—	756	—
		Total assets at fair value	$	277,709	—	277,709	—

Other liabilities⁽¹⁾			$	756	—	756	—
		Total liabilities at fair value	$	756	—	756	—

December 31, 2013:
Securities available-for-sale:
	Agency obligations		$	44,522	—	44,522	—
	Agency RMBS			162,358	—	162,358	—
	State and political subdivisions			64,339	—	64,339	—
Total securities available-for-sale				271,219	—	271,219	—
Other assets ⁽¹⁾				844	—	844	—
		Total assets at fair value	$	272,063	—	272,063	—

Other liabilities⁽¹⁾			$	844	—	844	—
		Total liabilities at fair value	$	844	—	844	—

⁽¹⁾Represents the fair value of interest rate swap agreements.

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

				Quoted Prices in
				Active Markets	Other	Significant
				for	Observable	Unobservable
			Carrying	Identical Assets	Inputs	Inputs
(Dollars in thousands)			Amount	(Level 1)	(Level 2)	(Level 3)
June 30, 2014:
Loans held for sale		$	7,200	—	7,200	—
Loans, net⁽¹⁾			3,709	—	—	3,709
Other real estate owned			1,584	—	—	1,584
Other assets ⁽²⁾			2,346	—	—	2,346
	Total assets at fair value	$	14,839	—	7,200	7,639
December 31, 2013:
Loans held for sale		$	2,296	—	2,296	—
Loans, net⁽¹⁾			5,305	—	—	5,305
Other real estate owned			3,884	—	—	3,884
Other assets ⁽²⁾			2,350	—	—	2,350
	Total assets at fair value	$	13,835	—	2,296	11,539

⁽¹⁾Loans considered impaired under ASC 310-10-35 Receivables. This amount reflects the recorded investment in
	impaired loans, net of any related allowance for loan losses.
⁽²⁾Represents MSRs, net, carried at lower of cost or estimated fair value.

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

				Six Months Ended June 30,
(Dollars in thousands)				2014		2013
Beginning balance			$	—	$	652
	Total realized and unrealized gains and (losses):
		Included in other comprehensive income		—		42
Ending balance			$	—	$	694

Fair Value, Assets and Liabilities Measured on a Recurring and Nonrecurring Basis, Valuation Techniques [Table Text Block]

					Weighted
		Carrying			Average
(Dollars in thousands)		Amount	Valuation Technique	Significant Unobservable Input	of Input
Nonrecurring:
Impaired loans	$	3,709	Appraisal	Appraisal discounts (%)	17.7	%
Other real estate owned		1,584	Appraisal	Appraisal discounts (%)	13.4	%
Mortgage servicing rights, net		2,346	Discounted cash flow	Prepayment speed or CPR (%)	9.6	%
				Discount rate (%)	10.0	%

Financial Instruments [Table Text Block]

							Fair Value Hierarchy
			Carrying		Estimated		Level 1		Level 2		Level 3
(Dollars in thousands)			amount		fair value		inputs		inputs		Inputs
June 30, 2014:
Financial Assets:
	Loans, net (1)	$	381,098	$	381,014	$	—	$	—	$	381,014
	Loans held for sale		7,200		7,340		—		7,340		—
Financial Liabilities:
	Time Deposits	$	258,356	$	261,410	$	—	$	261,410	$	—
	Long-term debt		12,217		12,615		—		12,615		—

December 31, 2013:
Financial Assets:
	Loans, net (1)	$	378,071	$	387,180	$	—	$	—	$	387,180
	Loans held for sale		2,296		2,310		—		2,310		—
Financial Liabilities:
	Time Deposits	$	261,199	$	263,985	$	—	$	263,985	$	—
	Long-term debt		12,217		12,569		—		12,569		—

(1) Represents loans, net of unearned income and the allowance for loan losses.

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details