Disclosures about Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Disclosures about Fair Value Measurements [Abstract]

Schedule of Assets and Liabilities Measured on Recurring Basis

	Fair Value Measurements at September 30, 2015 Using
	Total		(Level 1)		(Level 2)		(Level 3)

US Agency securities	$	2,900	$	-	$	2,900	$	-
US Agency mortgage-backed securities		94,342		-		94,342		-
Corporate bonds		17,410		-		17,410		-

	Fair Value Measurements at December 31, 2014 Using
	Total		(Level 1)		(Level 2)		(Level 3)

US Agency securities	$	5,906	$	-	$	5,906	$	-
US Agency mortgage-backed securities		105,768		-		105,768		-
Corporate bonds		15,436		-		15,436		-

Schedule of Assets Measured at Fair Value on Non-Recurring Basis

	Fair Value Measurements at September 30, 2015 Using
	Total		(Level 1)		(Level 2)		(Level 3)
Impaired loans	$	441	$	-	$	-	$	441
Other real estate owned		172		-		-		172

	Fair Value Measurements at December 31, 2014 Using
	Total		(Level 1)		(Level 2)		(Level 3)
Impaired loans	$	469	$	-	$	-	$	469
Other real estate owned		512		-		-		512

September 30, 2015	Quantitative Information About Level 3 Fair Value Measurements
	Fair Value Estimate		Valuation Techniques	Unobservable Input	Range(Wgtd Ave)
Impaired loans	$	441	Appraisal of collateral(1), (3)	Appraisal adjustments(2) Liquidation expenses	0% to 35%(30%) 1% to 15%(10%)

Other real estate owned		172	Appraisal of collateral (1),(3)	Appraisal adjustments(2) Liquidation expenses	0% to 48%(38%) 1% to 20%(10%)

December 31, 2014	Quantitative Information About Level 3 Fair Value Measurements
	Fair Value Estimate		Valuation Techniques	Unobservable Input	Range(Wgtd Ave)
Impaired loans	$	469	Appraisal of collateral(1),(3)	Appraisal adjustments(2) Liquidation expenses	0% to 37%(30%) 1% to 15%(10%)

Other real estate owned		512	Appraisal of collateral (1),(3)	Appraisal adjustments(2) Liquidation expenses	47% to 83%(55%) 1% to 61%(9%)

(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.

(3)

Includes qualitative adjustments by management and estimated liquidation expenses.

Schedule of Financial Instruments

	September 30, 2015
	Carrying Value		Fair Value		(Level 1)		(Level 2)		(Level 3)
FINANCIAL ASSETS:
Cash and cash equivalents	$	31,748	$	31,748	$	31,748	$	-	$	-
Investment securities - AFS		114,652		114,652		-		114,652		-
Investment securities – HTM		20,361		20,771		-		17,829		2,942
Regulatory stock		6,786		6,786		6,786		-		-
Loans held for sale		2,913		2,983		2,983		-		-
Loans, net of allowance for loan loss and unearned income		855,528		857,049		-		-		857,049
Accrued interest income receivable		3,315		3,315		3,315		-		-
Bank owned life insurance		37,266		37,266		37,266		-		-

FINANCIAL LIABILITIES:
Deposits with no stated maturities	$	591,286	$	591,286	$	591,286	$	-	$	-
Deposits with stated maturities		278,613		281,283		-		-		281,283
Short-term borrowings		52,988		52,988		52,988		-		-
All other borrowings		61,085		65,142		-		-		65,142
Accrued interest payable		1,601		1,601		1,601		-		-

	December 31, 2014
	Carrying Value		Fair Value		(Level 1)		(Level 2)		(Level 3)
FINANCIAL ASSETS:
Cash and cash equivalents	$	32,872	$	32,872	$	32,872	$	-	$	-
Investment securities - AFS		127,110		127,110		-		127,110		-
Investment securities – HTM		19,840		20,213		-		17,241		2,972
Regulatory stock		6,173		6,173		6,173		-		-
Loans held for sale		5,051		5,127		5,127		-		-
Loans, net of allowance for loan loss and unearned income		817,457		819,935		-		-		819,935
Accrued interest income receivable		3,127		3,127		3,127		-		-
Bank owned life insurance		37,417		37,417		37,417		-		-

FINANCIAL LIABILITIES:
Deposits with no stated maturities	$	568,625	$	568,625	$	568,625	$	-	$	-
Deposits with stated maturities		301,256		304,744		-		-		304,744
Short-term borrowings		38,880		38,880		38,880		-		-
All other borrowings		55,085		59,256		-		-		59,256
Accrued interest payable		1,706		1,706		1,706		-		-