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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2013
Fair Value Measurements [Abstract]  
Fair Value Assets Measured On Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

Carrying Value at December 31, 2013

Description

Balance as of

December 31,

2013

 

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

 

Significant

Other

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

U.S treasuries
$
3,611 

 

$          -

 
$
3,611 

 

$           -

U.S. agency obligations
20,108 

 

 

 
20,108 

 

 

Mortgage-backed securities
5,311 

 

-

 
5,311 

 

-

Municipals
15,138 

 

-

 
15,138 

 

-

Corporates
1,923 

 

-

 
1,923 

 

-

 

 

 

 

 

 

 

 

Total available-for-sale securities
$
46,091 

 

$           -

 
$
46,091 

 

$           -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying Value at December 31, 2012

Description

Balance as of

December 31,

2012

 

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

 

Significant

Other

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

U.S. agency obligations
$
23,069 

 

$           -

 
$
23,069 

 

$           -

Mortgage-backed securities
1,812 

 

-

 
1,812 

 

-

Municipals
22,804 

 

-

 
22,804 

 

-

Corporates
2,609 

 

-

 
2,609 

 

-

 

 

 

 

 

 

 

 

Total available-for-sale securities
$
50,294 

 

$           -

 
$
50,294 

 

$           -

 

Impaired Loans And Other Real Estate Owned Measured At Fair Value On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

Carrying Value at December 31, 2013

Description

Balance as of

December 31,

2013

 

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

 

Significant

Other

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

 

 

 

 

 

 

 

 

Impaired loans*
$
4,307 

 

$           -

 

$             -

 
$
4,307 

 

 

 

 

 

 

 

 

Loans held for sale
$
1,921 

 

$           -

 
$
1,921 

 

$               -

 

 

 

 

 

 

 

 

Other real estate
$
1,451 

 

$           -

 

$           -

 
$
1,451 

 

*Includes loans charged down during the year to the net realizable value of the collateral.

 

 

 

 

 

 

 

 

 

 

 

 

Carrying Value at December 31, 2012

Description

Balance as of

December 31,

2012

 

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

 

Significant

Other

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

 

 

 

 

 

 

 

 

Impaired loans*
$
6,836 

 

$           -

 

$        -

 
$
6,836 

 

 

 

 

 

 

 

 

Loans held for sale
$
904 

 

$           -

 
$
904 

 

$               -

 

 

 

 

 

 

 

 

Other real estate
$
2,112 

 

$           -

 

$        -

 
$
2,112 

 

*Includes loans charged down during the year to the net realizable value of the collateral.

Information Regarding Quantitative Inputs Used To Value Assets Classified As Level 3

 

Quantitative information about Level 3 Fair Value Measurements for December 31, 2013

(dollars in thousands)

 

Fair Value

 

Valuation Technique(s)

Unobservable Input

Range (Weighted Average)

Impaired loans
$
4,307 

 

Discounted appraised value

Selling cost

5% - 10% (6%)

 

 

 

 

Discount for lack of marketability and age of appraisal

0% - 25% (15%)

OREO
$
1,451 

 

Discounted appraised value

Selling cost

5% - 10% (6%)

 

 

 

 

Discount for lack of marketability and age of appraisal

0% - 25% (15%)

 

Fair Value Carrying And Notional Amounts

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2013 using

 

 

 

Quoted Prices

 

Significant

 

 

 

 

 

 

 

in Active

 

Other

 

Significant

 

 

 

 

 

Markets for

 

Observable

 

Unobservable

 

 

 

Carrying

 

Identical Assets

 

Inputs

 

Inputs

 

 

Assets

Amounts

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Balance

  Cash and due from banks
$
16,671 

 
$
16,671 

 

$      -  

 

$      -  

 
$
16,671 

  Securities

 

 

 

 

 

 

 

 

 

     Available-for-sale
46,091 

 

-  

 
46,091 

 

-

 
46,091 

     Held-to-maturity
3,537 

 

-  

 
3,740 

 

-

 
3,740 

  Loans, net
339,994 

 

-  

 

-

 
346,658 

 
346,658 

  Loans held for sale
1,921 

 

 -  

 
1,921 

 

-

 
1,921 

  Interest receivable
1,360 

 

-  

 
1,360 

 

-

 
1,360 

  BOLI
9,230 

 

 - 

 
9,230 

 

-

 
9,230 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

  Deposits
$
387,398 

 

$       -  

 
$
388,363 

 

$      -  

 
$
388,363 

  FHLB borrowings
2,000 

 

 -  

 
2,018 

 

-

 
2,018 

  Fed funds purchased
4,108 

 
4,108 

 

-

 

-

 
4,108 

  Capital notes
10,000 

 

-  

 
10,091 

 

-

 
10,091 

  Interest payable
65 

 

 - 

 
65 

 

-

 
65 

 

 

 

Fair Value Measurements at December 31, 2012 using

 

Carrying

 

 

 

 

 

 

 

 

Assets

Amounts

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Balance

  Cash and due from banks
$
16,827 

 
$
16,827 

 

$      -  

 

$      -  

 
$
16,827 

  Federal funds sold
24,171 

 
24,171 

 

 -  

 

 -  

 
24,171 

  Securities

 

 

 

 

 

 

 

 

 

     Available-for-sale
50,294 

 

-  

 
50,294 

 

-

 
50,294 

     Held-to-maturity
3,075 

 

-  

 
3,417 

 

-

 
3,417 

  Loans, net
319,922 

 

-  

 

-

 
330,863 

 
330,863 

  Loans held for sale
904 

 

 -  

 
904 

 

-

 
904 

  Interest receivable
1,557 

 

-  

 
1,557 

 

-

 
1,557 

  BOLI
8,931 

 

 - 

 
8,931 

 

-

 
8,931 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

  Deposits
$
399,015 

 

$       -  

 
$
400,212 

 

$      -  

 
$
400,212 

  FHLB borrowings
2,000 

 

 -  

 
2,160 

 

-

 
2,160 

  Capital notes
10,000 

 

-  

 
10,006 

 

-

 
10,006 

  Interest payable
70 

 

 - 

 
70 

 

-

 
70