| Schedule of fair value of assets measured on recurring basis |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (Dollars in thousands) |
|
Level I |
|
|
Level II |
|
|
Level III |
|
|
Total |
|
| |
|
June 30, 2012 |
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities available-for-sale
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury security
|
|
$ |
100 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
100 |
|
|
Obligations of U.S. government corporations and agencies
|
|
|
0 |
|
|
|
32,664 |
|
|
|
0 |
|
|
|
32,664 |
|
|
Mortgage-backed securities in government sponsored entities
|
|
|
0 |
|
|
|
75,354 |
|
|
|
0 |
|
|
|
75,354 |
|
|
Obligations of states and political subdivisions
|
|
|
0 |
|
|
|
14,679 |
|
|
|
0 |
|
|
|
14,679 |
|
|
Corporate bonds
|
|
|
0 |
|
|
|
3,827 |
|
|
|
0 |
|
|
|
3,827 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total debt securities
|
|
|
100 |
|
|
|
126,524 |
|
|
|
0 |
|
|
|
126,624 |
|
|
Equity securities in financial institutions
|
|
|
66 |
|
|
|
0 |
|
|
|
0 |
|
|
|
66 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets
|
|
$ |
166 |
|
|
$ |
126,524 |
|
|
$ |
0 |
|
|
$ |
126,690 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| |
|
December 31, 2011 |
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities available-for-sale
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury security
|
|
$ |
100 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
100 |
|
|
Obligations of U.S. government corporations and agencies
|
|
|
0 |
|
|
|
28,323 |
|
|
|
0 |
|
|
|
28,323 |
|
|
Mortgage-backed securities in government sponsored entities
|
|
|
0 |
|
|
|
76,332 |
|
|
|
0 |
|
|
|
76,332 |
|
|
Obligations of states and political subdivisions
|
|
|
0 |
|
|
|
14,880 |
|
|
|
0 |
|
|
|
14,880 |
|
|
Corporate bonds
|
|
|
0 |
|
|
|
3,330 |
|
|
|
0 |
|
|
|
3,330 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total debt securities
|
|
|
100 |
|
|
|
122,865 |
|
|
|
0 |
|
|
|
122,965 |
|
|
Equity securities in financial institutions
|
|
|
61 |
|
|
|
0 |
|
|
|
0 |
|
|
|
61 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets
|
|
$ |
161 |
|
|
$ |
122,865 |
|
|
$ |
0 |
|
|
$ |
123,026 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of fair value of assets measured on nonrecurring basis |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (Dollars in thousands) |
|
Level I |
|
|
Level II |
|
|
Level III |
|
|
Total |
|
| |
|
June 30, 2012 |
|
|
Assets measured on a nonrecurring basis:
|
|
|
|
|
|
Impaired loans
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
8,328 |
|
|
$ |
8,328 |
|
|
Other real estate owned
|
|
|
0 |
|
|
|
0 |
|
|
|
5 |
|
|
|
5 |
|
|
Mortgage servicing rights
|
|
|
0 |
|
|
|
0 |
|
|
|
174 |
|
|
|
174 |
|
| |
|
| |
|
December 31, 2011 |
|
|
Impaired loans
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
6,741 |
|
|
$ |
6,741 |
|
|
Other real estate owned
|
|
|
0 |
|
|
|
0 |
|
|
|
10 |
|
|
|
10 |
|
|
Mortgage servicing rights
|
|
|
0 |
|
|
|
0 |
|
|
|
167 |
|
|
|
167 |
|
|
| Schedule of quantitative information of assets measured at fair value |
| |
|
|
|
|
|
|
|
|
|
|
| |
|
Fair value
estimate |
|
|
Valuation
techniques
|
|
Unobservable
input
|
|
Range |
| (Dollars in thousands) |
|
June 30, 2012 |
|
Impaired loans
|
|
|
|
|
|
Appraisal of |
|
Appraisal adjustments (2)
|
|
0% to - 50% |
| |
|
8,328 |
|
|
collateral (1)
|
|
Liquidation expense (2)
|
|
0% to - 10% |
| |
|
|
|
|
|
Other real estate owned
|
|
|
|
|
|
Appraisal of |
|
Management discount for |
|
|
| |
|
5 |
|
|
collateral (1), (3)
|
|
property type |
|
0% to - 83% |
| |
|
|
|
|
|
Mortgage servicing rights
|
|
|
|
|
|
Discounted |
|
Remaining term |
|
8 mos to 30 yrs |
| |
|
174 |
|
|
cash flow |
|
Discount rate |
|
2.1% |
| (1) |
Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various inputs which are not identifiable.
|
| (2) |
Appraisals may be adjusted by management for qualitative factors such as estimated liquidation expenses. The range of liquidation expenses and other appraisals
adjustments are presented as a percent of the appraisal. |
| (3) |
Includes qualitative adjustments by management and estimated liquidation expenses. |
|