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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value Measurements [Abstract]

Fair Value Assets Measured On Recurring Basis


			Carrying Value at June 30, 2016 (in thousands)
Description	Balance as of June 30, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
US agency obligations	$11,263		$       -		$11,263		$       -
Mortgage-backed securities	14,481		-		14,481		-
Municipals	7,531		-		7,531		-
Corporates	534				534

Total available-for-sale securities	$33,809		$       -		$33,809		$       -
			Carrying Value at December 31, 2015 (in thousands)
Description	Balance as of December 31, 2015		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
US agency obligations	$18,810		$       -		$18,810		$       -
Mortgage-backed securities	10,647		-		10,647		-
Municipals	5,034		-		5,034		-
Corporates	1,505		-		1,505		-

Total available-for-sale securities	$35,996		$       -		$35,996		$       -



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

		Carrying Value at June 30, 2016
Description	Balance as of June 30, 2016	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Impaired loans*	$2,718	$     -	$          -	$2,718
Loans held for sale	4,452	-	4,452	-
Other real estate owned	2,420	-	-	2,420

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


		Carrying Value at December 31, 2015
Description	Balance as of December 31, 2015	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Impaired loans*	$2,896	$      -	$       -	$2,896
Loans held for sale	1,964	-	1,964	-
Other real estate owned	1,965	-	-	1,965

*  Includes loans charged down 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 June 30, 2016 (dollars in thousands)
	Fair Value		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)
Assets
Impaired loans	$2,718		Discounted appraised value	Selling cost	5% - 10% (6%)
				Discount for lack of marketability and age of appraisal	0% - 25% (15%)

OREO	2,420		Discounted appraised value	Selling cost	5% - 10% (6%)
				Discount for lack of marketability and age of appraisal	0% - 25% (15%)




	Quantitative information about Level 3 Fair Value Measurements for December 31, 2015 (dollars in thousands)
	Fair Value		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)
Assets
Impaired loans	$2,896		Discounted appraised value	Selling cost	5% - 10%  (6%)
				Discount for lack of marketability and age of appraisal	0% - 45%  (15%)

OREO	1,965		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 June 30, 2016 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	$20,918			$20,918		$      -		$      -		$20,918
   Fed funds sold	3,515			3,515						3,515
   Securities
      Available-for-sale	33,809			-		33,809		-		33,809
      Held-to-maturity	3,309			-		3,424		-		3,424
   Restricted stock	1,373					1,373				1,373
   Loans, net	452,044			-		-		459,277		459,277
   Loans held for sale	4,452			-		4,452		-		4,452
   Interest receivable	1,209			-		1,209		-		1,209
   BOLI	9,911			-		9,911		-		9,911

Liabilities
   Deposits	$493,535			$      -		$494,664		$      -		$494,664
   Interest payable	87			-		87		-		87




			Fair Value Measurements at December 31, 2015 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	$15,952		$15,952		$      -		$      -		$15,952
   Fed funds sold	12,703		12,703						12,703
Securities
      Available-for-sale	35,996		-		35,996		-		35,996
      Held-to-maturity	2,519		-		2,649		-		2,649
   Restricted stock	1,313		-		1,313				1,313
   Loans, net	430,445		-		-		438,322		438,322
   Loans held for sale	1,964		-		1,964		-		1,964
   Interest receivable	1,248		-		1,248		-		1,248
   BOLI	9,781		-		9,781		-		9,781

Liabilities
   Deposits	$467,610		$      -		$468,773		$      -		$468,773
   Capital notes	10,000		-		10,024		-		10,024
   Interest payable	61		-		61		-		61



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=36462937&loc=d3e19296-110258

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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 2
-Subparagraph (a),(b)
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

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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 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611

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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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