Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of carrying amount and fair value of financial instruments

The estimated fair values of the Company's financial instruments were as follows (in thousands):

	At December 31, 2012				At December 31, 2011
Financial assets:	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	23,611	$	23,611	$	22,776	$	22,776
Securities available for sale		18,648		18,648		28,907		28,907
Loans		85,209		85,046		89,217		89,069
Federal Home Loan Bank stock		1,478		1,478		2,159		2,159
Accrued interest receivable		499		499		499		499

Financial liabilities:
Deposit liabilities		101,611		101,985		107,895		108,461
Federal Home Loan Bank advances		27,700		29,633		31,700		33,920
Junior subordinated debenture		5,155		4,836		5,155		4,734
Off-balance sheet financial instruments		0		0		0		0

- 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

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+ Details