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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The tables below present the recorded amount of assets measured at fair value on a recurring basis at June 30, 2015 and December 31, 2014. No assets were transferred from one hierarchy level to another during the first six months of 2015 or 2014.
 
 
 
 
 
 
 
Significant
 
 
 
 
 
 
 
 
 
Other
 
Significant
 
 
 
 
 
Quoted
 
Observable
 
Unobservable
 
 
 
 
 
Prices
 
Inputs
 
Inputs
 
(Dollars in thousands)
 
Fair Value
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury
 
$
5,155
 
$
5,155
 
$
-
 
$
-
 
U.S. Government agencies
 
 
70,375
 
 
-
 
 
70,375
 
 
-
 
Mortgage-backed
 
 
152,044
 
 
-
 
 
152,044
 
 
-
 
Equity
 
 
636
 
 
-
 
 
636
 
 
-
 
Total
 
$
228,210
 
$
5,155
 
$
233,055
 
$
-
 
 
 
 
 
 
 
 
Significant
 
 
 
 
 
 
 
 
 
Other
 
Significant
 
 
 
 
 
Quoted
 
Observable
 
Unobservable
 
 
 
 
 
Prices
 
Inputs
 
Inputs
 
(Dollars in thousands)
 
Fair Value
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury
 
$
5,215
 
$
5,215
 
$
-
 
$
-
 
U.S. Government agencies
 
 
74,960
 
 
-
 
 
74,960
 
 
-
 
Mortgage-backed
 
 
155,303
 
 
-
 
 
155,303
 
 
-
 
Equity
 
 
630
 
 
-
 
 
630
 
 
-
 
Total
 
$
236,108
 
$
5,215
 
$
230,893
 
$
-
 
Fair Value Assets Measured on Nonrecurring Basis [Table Text Block]
The tables below present the recorded amount of assets measured at fair value on a nonrecurring basis at June 30, 2015 and December 31, 2014. No assets were transferred from one hierarchy level to another during the first six months of 2015 or 2014.
 
 
 
 
 
 
 
Significant
 
 
 
 
 
 
 
 
 
Other
 
Significant
 
 
 
 
 
Quoted
 
Observable
 
Unobservable
 
 
 
 
 
Prices
 
Inputs
 
Inputs
 
(Dollars in thousands)
 
Fair Value
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
$
11,704
 
$
-
 
$
11,704
 
$
-
 
Residential real estate
 
 
10,390
 
 
-
 
 
10,390
 
 
-
 
Commercial real estate
 
 
8,875
 
 
-
 
 
8,875
 
 
-
 
Commercial
 
 
208
 
 
-
 
 
208
 
 
-
 
Consumer
 
 
123
 
 
-
 
 
123
 
 
-
 
Total impaired loans
 
 
31,300
 
 
-
 
 
31,300
 
 
-
 
Other real estate owned
 
 
2,498
 
 
-
 
 
2,498
 
 
-
 
Total assets measured at fair value on a nonrecurring basis
 
$
33,798
 
$
-
 
$
33,798
 
$
-
 
 
 
 
 
 
 
 
Significant
 
 
 
 
 
 
 
 
 
Other
 
Significant
 
 
 
 
 
Quoted
 
Observable
 
Unobservable
 
 
 
 
 
Prices
 
Inputs
 
Inputs
 
(Dollars in thousands)
 
Fair Value
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
$
10,026
 
$
-
 
$
10,026
 
$
-
 
Residential real estate
 
 
9,304
 
 
-
 
 
9,304
 
 
-
 
Commercial real estate
 
 
9,230
 
 
-
 
 
9,230
 
 
-
 
Commercial
 
 
187
 
 
-
 
 
187
 
 
-
 
Consumer
 
 
121
 
 
-
 
 
121
 
 
-
 
Total impaired loans
 
 
28,868
 
 
-
 
 
28,868
 
 
-
 
Other real estate owned
 
 
3,691
 
 
-
 
 
3,691
 
 
-
 
Total assets measured at fair value on a nonrecurring basis
 
$
32,559
 
$
-
 
$
32,559
 
$
-
 
Schedule of Estimated Fair Values of Financial Assets and Liabilities [Table Text Block]
The financial assets and liabilities have been segregated by their classification level in the fair value hierarchy.
 
 
 
June 30, 2015
 
December 31, 2014
 
 
 
 
 
Estimated
 
 
 
Estimated
 
 
 
Carrying
 
Fair
 
Carrying
 
Fair
 
(Dollars in thousands)
 
Amount
 
Value
 
Amount
 
Value
 
Financial assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 1 inputs
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
59,756
 
$
59,756
 
$
96,223
 
$
96,223
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 2 inputs
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment securities held to maturity
 
$
4,513
 
$
4,555
 
$
4,630
 
$
4,694
 
Loans, net
 
 
733,113
 
 
753,387
 
 
703,051
 
 
724,771
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 2 inputs
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
 
$
928,909
 
$
928,568
 
$
949,004
 
$
948,605
 
Short-term borrowings
 
 
6,629
 
 
6,629
 
 
4,808
 
 
4,808