Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Measurements [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

The tables below present the recorded amount of assets measured at fair value on a recurring basis at September 30, 2017 and December 31, 2016. No assets were transferred from one hierarchy level to another during the first nine months of 2017 or 2016.

					Significant
					Other		Significant
			Quoted		Observable		Unobservable
			Prices		Inputs		Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
September 30, 2017
Securities available for sale:
U.S. Government agencies	$	52,003	$	-	$	52,003	$	-
Mortgage-backed		160,725		-		160,725		-
Equity		662		-		662		-
Total	$	213,390	$	-	$	213,390	$	-
					Significant
					Other		Significant
			Quoted		Observable		Unobservable
			Prices		Inputs		Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2016
Securities available for sale:
U.S. Government agencies	$	34,318	$	-	$	34,318	$	-
Mortgage-backed		128,944		-		128,944		-
Equity		640		-		640		-
Total	$	163,902	$	-	$	163,902	$	-

Fair Value of Assets Measured on Nonrecurring Basis

The tables below present the recorded amount of assets measured at fair value on a nonrecurring basis at September 30, 2017 and December 31, 2016.  

	Quantitative Information about Level 3 Fair Value Measurements
(Dollars in thousands)	Fair Value		Valuation Technique			Unobservable Input			Range
September 30, 2017
Nonrecurring measurements:
Impaired loans	$	6,190		Appraisal of collateral	1		Appraisal adjustments	2		20% - 30%
							Liquidation expense	2		5% - 10%
Other real estate owned	$	1,809		Appraisal of collateral	1		Appraisal adjustments	2		20% - 30%
							Liquidation expense	2		5% - 10%

	Quantitative Information about Level 3 Fair Value Measurements
(Dollars in thousands)	Fair Value		Valuation Technique			Unobservable Input			Range
December 31, 2016
Nonrecurring measurements:
Impaired loans	$	8,935		Appraisal of collateral	1		Appraisal adjustments	2		20% - 30%
							Liquidation expense	2		5% - 10%
Other real estate owned	$	2,477		Appraisal of collateral	1		Appraisal adjustments	2		20% - 30%
							Liquidation expense	2		5% - 10%

Schedule of Estimated Fair Values of Financial Assets and Liabilities

The following table provides information on the estimated fair values of the Company’s financial assets and liabilities that are reported in the balance sheets at their carrying amounts. The financial assets and liabilities have been segregated by their classification level in the fair value hierarchy.

	September 30, 2017				December 31, 2016
			Estimated				Estimated
	Carrying		Fair		Carrying		Fair
(Dollars in thousands)	Amount		Value		Amount		Value
Financial assets
Level 1 inputs
Cash and cash equivalents	$	43,916	$	43,916	$	75,938	$	75,938
Level 2 inputs
Investment securities held to maturity	$	6,241	$	6,451	$	6,704	$	6,806
Restricted securities		3,069		3,069		1,650		1,650
Bank owned life insurance		107		107		105		105
Level 3 inputs
Loans, net		1,037,952		1,036,002		862,799		867,594
Financial liabilities
Level 2 inputs
Deposits:
Noninterest-bearing demand	$	326,020	$	326,020	$	261,575	$	261,575
Checking plus interest		227,973		227,973		203,724		203,724
Money market		221,589		221,589		181,871		181,871
Savings		154,180		154,180		90,051		90,051
Club		1,565		1,565		393		393
Certificates of deposit, $100,000 or more		113,618		112,271		120,602		119,914
Other time		161,250		158,320		139,273		135,940
Short-term borrowings		1,469		1,469		3,203		3,203