Fair Value Disclosures (Q2) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2018

Dec. 31, 2017

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

Assets and liabilities recorded at fair value on a recurring basis are as follows (in thousands):



	Balance as of June 30, 2018		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Debt securities available-for-sale:
U.S. Government-sponsored enterprises (GSEs)	$	28,128	$	—	$	28,128	$	—
Mortgage-backed securities	111,954		—		111,954		—
Other debt securities	911		—		911		—
Municipal securities	15,584		—		15,584		—
Total securities available-for-sale	$	156,577	$	—	$	156,577	$	—



	Balance as of December 31, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Debt securities available-for-sale:
U.S. Government-sponsored enterprises (GSEs)	$	25,776	$	—	$	25,776	$	—
Mortgage-backed securities	116,215		—		116,215		—
Other debt securities	950		—		950		—
Municipal securities	9,003		—		9,003		—
Total securities available-for-sale	$	151,944	$	—	$	151,944	$	—

Assets recorded at fair value on a recurring basis are as follows, in thousands



	Balance as of December 31, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Securities available-for-sale:
U.S. Government-sponsored enterprises (GSEs)	$	25,776	$	—	$	25,776	$	—
Municipal securities	9,003		—		9,003		—
Other debt securities	950		—		950		—
Mortgage-backed securities	116,215		—		116,215		—
Total securities available-for-sale	$	151,944	$	—	$	151,944	$	—



	Balance as of December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Securities available-for-sale:
U.S. Government-sponsored enterprises (GSEs)	$	17,723	$	—	$	17,723	$	—
Municipal securities	8,019		—		8,019		—
Mortgage-backed securities	103,680		—		103,680		—
Total securities available-for-sale	$	129,422	$	—	$	129,422	$	—

Fair Value, Assets and Liabilities Measured on Non-Recurring Basis

The following tables present the financial instruments carried on the consolidated balance sheets by caption and by level in the fair value hierarchy, for which a nonrecurring change in fair value has been recorded (in thousands):



	Balance as of June 30, 2018		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Impaired loans	$	407	$	—	$	—	$	407
Foreclosed assets	3,524		—		—		3,524



	Balance as of December 31, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Impaired loans	$	769	$	—	$	—	$	769
Foreclosed assets	3,254		—		—		3,254

For Level 3 assets measured at fair value on a non-recurring basis as of March 31, 2018 and December 31, 2017, the significant unobservable inputs used in the fair value measurements are presented below (in thousands).



	Balance as of June 30, 2018		Valuation Technique	Significant Other Unobservable Input	Weighted Average of Input
Impaired loans	$	407	Appraisal and Cashflow	Appraisal and Cashflow Discounts	47	%
Foreclosed assets	3,524		Appraisal	Appraisal Discounts	19	%



	Balance as of December 31, 2017		Valuation Technique	Significant Other Unobservable Input	Weighted Average of Input
Impaired loans	$	769	Appraisal	Appraisal Discounts	36	%
Foreclosed assets	3,254		Appraisal	Appraisal Discounts	18	%



	Balance as of December 31, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Impaired loans	$	769	$	—	$	—	$	769
Foreclosed assets	3,254		—		—		3,254



	Balance as of December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Impaired loans	$	239	$	—	$	—	$	239
Foreclosed assets	2,386		—		—		2,386

Fair Value, by Balance Sheet Grouping

The carrying amount and estimated fair value of the Company’s financial instruments at June 30, 2018 and December 31, 2017 are as follows (in thousands):



	June 30, 2018
			Fair Value Measurements Using
	Carrying Amount		Level 1	Level 2	Level 3	Estimated Fair Value
Assets:
Cash and cash equivalents	$	170,235	170,235	—	—	$	170,235
Securities available-for-sale	156,577		—	156,577	—	156,577
Restricted investments	8,273		N/A	N/A	N/A	N/A
Loans, net	1,568,361		—	—	1,569,916	1,569,916

Liabilities:
Noninterest-bearing demand deposits	301,318		—	301,318	—	301,318
Interest-bearing demand deposits	246,942		—	246,942	—	246,942
Money Market and Savings deposits	632,518		—	632,518	—	632,518
Time deposits	535,879		—	537,006	—	537,006
Securities sold under agreements to repurchase	18,635		—	18,635	—	18,635
Federal Home Loan Bank advances and other borrowings	72,040		—	72,040	—	72,040



	December 31, 2017
			Fair Value Measurements Using
	Carrying Amount		Level 1	Level 2	Level 3	Estimated Fair Value
Assets:
Cash and cash equivalents	$	113,027	113,027	—	—	$	113,027
Securities available-for-sale	151,944		—	151,944	—	151,944
Restricted investments	6,431		N/A	N/A	N/A	N/A
Loans, net	1,317,398		—	—	1,292,303	1,292,303

Liabilities:
Noninterest-bearing demand deposits	220,520		—	220,520	—	250,520
Interest-bearing demand deposits	231,644		—	231,644	—	231,644
Money Market and Savings deposits	543,645		—	543,645	—	543,645
Time deposits	442,774		—	443,547	—	443,547
Securities sold under agreements to repurchase	24,055		—	24,055	—	24,055
Federal Home Loan Bank advances and other borrowings	43,600		—	43,600	—	43,600

The carrying amount and estimated fair value of the Company’s financial instruments at December 31, 2017 and December 31, 2016 are as follows (in thousands):



	December 31, 2017				December 31, 2016
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets:
Cash and cash equivalents	$	113,027	$	113,027	$	68,748	$	68,748
Securities available for sale	151,944		151,944		129,422		129,422
Restricted investments	6,431		N/A		5,628		N/A
Loans, net	1,317,398		1,292,303		808,271		803,057

Liabilities:
Noninterest-bearing demand deposits	220,520		220,520		153,483		153,483
Interest-bearing demand deposits	231,644		231,644		162,702		162,702
Savings deposits	543,645		543,645		274,605		274,605
Time deposits	442,774		443,547		316,275		316,734
Securities sold under agreements to repurchase	24,055		24,055		26,622		26,622
Federal Home Loan Bank advances and other borrowings	43,600		43,600		18,505		18,505