Fair Value Accounting (Tables)

3 Months Ended

Mar. 31, 2018

Fair Value Accounting [Abstract]

Schedule of assets and liabilities measured at fair value on recurring basis

	March 31, 2018
(dollars in thousands)	Level 1		Level 2	Level 3	Total
Assets
Securities available for sale
US government agencies	$	-	7,530	-	7,530
SBA securities		-	3,825	-	3,825
State and political subdivisions		-	6,348	-	6,348
Mortgage-backed securities		-	40,803	-	40,803
Mortgage loans held for sale		-	10,885	-	10,885
Mortgage loan interest rate lock commitments		-	384	-	384
Total assets measured at fair value on a recurring basis	$	-	69,775	-	69,775
Liabilities
MBS forward sales commitments	$	-	88	-	88
Total liabilities measured at fair value on a recurring basis	$	-	88	-	88
	December 31, 2017
(dollars in thousands)	Level 1		Level 2	Level 3	Total
Assets
Securities available for sale:
US government agencies	$	-	8,653	-	8,653
SBA securities		-	4,063	-	4,063
State and political subdivisions		-	11,396	-	11,396
Mortgage-backed securities		-	43,491	-	43,491
Mortgage loans held for sale		-	11,790	-	11,790
Mortgage loan interest rate lock commitments		-	196	-	196
Total assets measured at fair value on a recurring basis	$	-	79,589	-	79,589
Liabilities
MBS forward sales commitments	$	-	28	-	28
Total liabilities measured at fair value on a recurring basis	$	-	28	-	28

Schedule of assets and liabilities measured at fair value on nonrecurring basis

	As of March 31, 2018
(dollars in thousands)	Level 1		Level 2	Level 3	Total
Assets
Impaired loans	$	-	2,083	7,116	9,199
Other real estate owned		-	148	94	242
Total assets measured at fair value on a nonrecurring basis	$	-	2,231	7,210	9,441

	As of December 31, 2017
(dollars in thousands)	Level 1		Level 2	Level 3	Total
Assets
Impaired loans	$	-	2,685	6,084	8,769
Other real estate owned		-	148	94	242
Total assets measured at fair value on a nonrecurring basis	$	-	2,833	6,178	9,011

Schedule of estimated fair values of the Company's financial instruments

	March 31, 2018
	Carrying		Fair
(dollars in thousands)	Amount		Value	Level 1	Level 2	Level 3
Financial Assets:
Other investments, at cost	$	3,056	3,056	-	-	3,056
Loans1		1,446,460	1,431,556	-	-	1,431,556
Financial Liabilities:
Deposits		1,520,523	1,388,405	-	1,388,405	-
FHLB and other borrowings		28,600	28,839	-	28,839	-
Junior subordinated debentures		13,403	14,029	-	14,029	-
	December 31, 2017
	Carrying		Fair
(dollars in thousands)	Amount		Value	Level 1	Level 2	Level 3
Financial Assets:
Other investments, at cost	$	4,462	4,462	-	-	4,462
Loans1		1,374,624	1,375,761	-	-	1,375,761
Financial Liabilities:
Deposits		1,381,123	1,269,462	-	1,269,462	-
FHLB and other borrowings		67,200	67,890	-	67,890	-
Junior subordinated debentures		13,403	13,166	-	13,166	-

¹  Carrying amount is net of the allowance for loan losses and previously presented impaired loans. In accordance with the prospective adoption of ASU No. 2016-01, the fair value of loans as of March 31, 2018 was measured using an exit price notion. The fair value of loans as of December 31, 2017 was measured using an entry price notion.