Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of fair value measurements on a recurring and non-recurring basis


									Fair
December 31, 2013	Level 1		Level 2			Level 3			Value
Recurring:
Securities available for sale	$	573,600	$	73,515,807		$	224,275		$	74,313,682

Non-recurring:
Maryland Financial Bank stock		-		-			30,000			30,000
Impaired loans		-		-			4,745,229			4,745,229
OREO		-		1,170,773			-			1,170,773
	$	573,600	$	74,686,580		$	4,999,504		$	80,259,684
Activity:
Securities available for sale:
Purchases of securities		-		50,167,691			-			50,167,691
Sales, calls, and maturities of securities		-		(38,223,651	)		-			(38,223,651	)
Net amortization/accretion of premium/discount		-		(391,144	)		(134	)		(391,278	)
Increase (decrease) in market value		216,944		1,746,303			163,454			2,126,701
OTTI on investments		-		-			-			-
Transfer to level 1		-		-			-			-
Transfer to level 2		-		-			-			-

Maryland Financial Bank stock
OTTI on stock		-		-			-			-

Impaired loans:
New impaired loans		-		-			5,897,664			5,897,664
Payments and other loan reductions		-		-			(5,874,910	)		(5,874,910	)
Change in total provision		-		-			452,709			452,709
Loans converted to OREO		-		-			(45,175	)		(45,175	)

OREO:
OREO converted from loans		-		45,175			-			45,175
Sales of OREO		-		(1,153,883	)		-			(1,153,883	)
Write-down of OREO		-		(16,448	)					(16,448	)
Loss on disposal of OREO		-		(442	)					(442	)

December 31, 2014
Recurring:
Securities available for sale		790,544		86,815,006			387,595			87,993,145

Non-recurring:
Maryland Financial Bank stock		-		-			30,000			30,000
Impaired loans		-		-			5,175,517			5,175,517
OREO		-		45,175			-			45,175

	$	-	$	86,860,181		$	5,593,112		$	93,243,837

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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