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Disclosures About Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2012

Disclosures About Fair Value Measurements [Abstract]

Assets and liability measured at fair value on a recurring basis

		Fair Value Measurements at June 30, 2012 Using
		Total				(Level 1)				(Level 2)		(Level 3)
U.S. Agency securities		$	7,317			$	—			$7,317		$	—
U.S. Agency mortgage-backed securities			163,635				—			163,635			—
Corporate bonds			5,944				—			5,944			—
Fair value of swap asset			266				—			266			—
Fair value of swap liability			266				—			266			—

		Fair Value Measurements at December 31, 2011 Using
		Total				(Level 1)				(Level 2)				(Level 3)
U.S. Agency securities		$	10,709			$	—			$	10,709			$	—
U.S. Agency mortgage-backed securities			172,214				—				172,214				—
Fair value of swap asset			346				—				346				—
Fair value of swap liability			346				—				346				—

Assets measured at fair value on a non-recurring basis

		Fair Value Measurements at June 30, 2012 Using
		Total				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	2,162			$	—			$	—			$	2,162
Other real estate owned			850				—				—				850
		Fair Value Measurements at December 31, 2011 Using
		Total				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	2,902			$	—			$	—			$	2,902
Other real estate owned			124				—				—				124

June 30, 2012		Quantitative Information About Level 3 Fair Value Measurements
		Fair Value Estimate				Valuation Techniques		Unobservable Input		Range
Impaired loans		$	2,162			Appraisal of collateral(1)		Appraisal adjustments(2) Liquidation expenses(2)		1% to -35% 1% to -15%
Other real estate owned			850			Appraisal of collateral (1), (3)				1% to -20%

(1) Fair Value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.

(3) Includes qualitative adjustments by management and estimated liquidation expenses.

Fair values based on US GAAP measurements, and recorded book balances

		June 30, 2012
		Carrying Value				Fair Value				(Level 1)				(Level 2)				(Level 3)
FINANCIAL ASSETS:
Cash and cash equivalents		$	33,975			$	33,975			$	33,975			$	—			$	—
Investment securities			191,791				192,353				—				188,429				3,924
Regulatory stock			7,442				7,442				7,442				—				—
Loans held for sale			6,009				6,099				6,099				—				—
Loans, net of allowance for loan loss and unearned income			671,489				680,394				—				—				680,394
Accrued income receivable			3,159				3,159				3,159				—				—
Bank owned life insurance			35,779				35,779				35,779				—				—
Fair value swap asset			266				266				—				266				—
FINANCIAL LIABILITIES:
Deposits with no stated maturities		$	517,930			$	517,930			$	517,930			$	—			$	—
Deposits with stated maturities			336,087				341,718				—				—				341,718
All other borrowings			16,085				21,035				—				—				21,035
Accrued interest payable			2,031				2,031				2,031				—				—
Fair value swap liability			266				266				—				266				—

		December 31, 2011
		Carrying Value				Fair Value
FINANCIAL ASSETS:
Cash and cash equivalents		$	34,783			$	34,783
Investment securities			195,203				195,837
Regulatory stock			8,016				8,016
Loans held for sale			7,110				7,195
Loans, net of allowance for loan loss and unearned income			649,114				655,357
Accrued income receivable			3,216				3,216
Bank owned life insurance			35,351				35,351
Fair value swap asset			346				346
FINANCIAL LIABILITIES:
Deposits with no stated maturities		$	482,859			$	482,859
Deposits with stated maturities			333,561				338,683
Short-term borrowings			15,765				15,765
All other borrowings			19,085				23,606
Accrued interest payable			2,523				2,523
Fair value swap liability			346				346

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 Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: 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=7578670&loc=d3e19296-110258

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- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a, b, c(1), d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-SubTopic 10

-Section 50

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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

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