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Disclosures About Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Disclosures About Fair Value Measurements [Abstract]

Assets and liability measured at fair value on a recurring basis

		Fair Value Measurements at March 31, 2013 Using
		Total				(Level 1)				(Level 2)				(Level 3)
US Agency securities		$	6,903			$	-			$	6,903			$	-
US Agency mortgage-backed securities			130,613				-				130,613				-
Corporate bonds			8,973				-				8,973				-
Fair value of swap asset			108				-				108				-
Fair value of swap liability			108				-				108				-

		Fair Value Measurements at December 31, 2012 Using
		Total				(Level 1)				(Level 2)				(Level 3)
US Agency securities		$	5,911			$	-			$	5,911			$	-
US Agency mortgage-backed securities			137,735				-				137,735				-
Corporate bonds			7,892				-				7,892				-
Fair value of swap asset			164				-				164				-
Fair value of swap liability			164				-				164				-

Assets measured at fair value on a non-recurring basis

		Fair Value Measurements at March 31, 2013 Using
		Total				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	1,862			$	-			$	-			$	1,862
Other real estate owned			1,205				-				-				1,205

		Fair Value Measurements at December 31, 2012 Using
		Total				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	3,220			$	-			$	-			$	3,220
Other real estate owned			1,228				-				-				1,228

Quantitative Information About Level 3 Fair Value Measurements

March 31, 2013

Fair Value Estimate

Valuation Techniques

Unobservable Input

Range

Impaired loans

$

1,862

Appraisal of collateral(1)

Appraisal adjustments(2) Liquidation expenses(2)

1% to 35% 1% to 15%

Other real estate owned

1,205

Appraisal of collateral(1),(3)

Appraisal adjustments(2) Liquidation expenses(2)

1% to 35% 1% to 20%

Quantitative Information About Level 3 Fair Value Measurements

December 31, 2012

Fair Value Estimate

Valuation Techniques

Unobservable Input

Range

Impaired loans

$

3,220

Appraisal of collateral(1)

Appraisal adjustments(2) Liquidation expenses(2)

1% to 35% 1% to 15%

Other real estate owned

1,228

Appraisal of collateral(1),(3)

Appraisal adjustments(2) Liquidation expenses(2)

1% to 35% 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

		March 31, 2013
		Carrying Value				Fair Value				(Level 1)				(Level 2)				(Level 3)
FINANCIAL ASSETS:
Cash and cash equivalents		$	39,556			$	39,556			$	39,556			$	-			$	-
Investment securities - AFS			146,489				146,489				-				146,489				-
Investment securities - HTM			16,377				16,847				-				13,853				2,994
Regulatory stock			5,690				5,690				5,690				-				-
Loans held for sale			3,941				4,031				4,031				-				-
Loans, net of allowance for loan loss and unearned income			702,951				710,806				-				-				710,806
Accrued income receivable			3,305				3,305				3,305				-				-
Bank owned life insurance			36,415				36,415				36,415				-				-
Fair value swap asset			108				108				-				108				-
FINANCIAL LIABILITIES:
Deposits with no stated maturities		$	534,741			$	534,741			$	534,741			$	-			$	-
Deposits with stated maturities			312,448				317,640				-				-				317,640
All other borrowings			29,085				33,137				-				-				33,137
Accrued interest payable			1,745				1,745				1,745				-				-
Fair value swap liability			108				108				-				108				-

		December 31, 2012
		Carrying Value				Fair Value				(Level 1)				(Level 2)				(Level 3)
FINANCIAL ASSETS:
Cash and cash equivalents		$	26,820			$	26,820			$	26,820			$	-			$	-
Investment securities - AFS			151,538				151,538				-				151,538				-
Investment securities - HTM			13,723				14,266				-				11,321				2,945
Regulatory stock			6,304				6,304				6,304				-				-
Loans held for sale			10,576				10,722				10,722				-				-
Loans, net of allowance for loan loss and unearned income			708,594				716,756				-				-				716,756
Accrued income receivable			2,960				2,960				2,960				-				-
Bank owned life insurance			36,214				36,214				36,214				-				-
Fair value swap asset			164				164				-				164				-
FINANCIAL LIABILITIES:
Deposits with no stated maturities		$	520,002			$	520,002			$	520,002			$	-			$	-
Deposits with stated maturities			315,732				320,930				-				-				320,930
Short-term borrowings			15,660				15,660				15,660				-				-
All other borrowings			26,085				30,442				-				-				30,442
Accrued interest payable			2,083				2,083				2,083				-				-
Fair value swap liability			164				164				-				164				-

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

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258



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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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- Definition

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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