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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Measurements [Abstract]  
Carrying Amount And Estimated Fair Value By Balance Sheet Grouping







 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2018



 

 

 

 

 

 

Quoted prices

 

Significant

 

Significant



 

 

 

 

 

 

in active

 

other

 

other



Carrying

 

Estimated

 

markets

 

observable inputs

 

unobservable inputs

(dollars in thousands)

amount

 

fair value

 

(Level 1)

 

(Level 2)

 

(Level 3)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

16,944 

 

$

16,944 

 

$

16,944 

 

$

 -

 

$

 -

Available-for-sale debt securities

 

171,451 

 

 

171,451 

 

 

 -

 

 

171,451 

 

 

 -

FHLB stock

 

4,717 

 

 

4,717 

 

 

 -

 

 

4,717 

 

 

 -

Loans and leases, net

 

690,944 

 

 

673,293 

 

 

 -

 

 

 -

 

 

673,293 

Loans held-for-sale

 

3,998 

 

 

4,068 

 

 

 -

 

 

4,068 

 

 

 -

Accrued interest receivable

 

3,300 

 

 

3,300 

 

 

 -

 

 

3,300 

 

 

 -

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits with no stated maturities

 

665,472 

 

 

665,472 

 

 

 -

 

 

665,472 

 

 

 -

Time deposits

 

113,589 

 

 

111,813 

 

 

 -

 

 

111,813 

 

 

 -

Short-term borrowings

 

40,269 

 

 

40,269 

 

 

 -

 

 

40,269 

 

 

 -

FHLB advances

 

31,704 

 

 

31,478 

 

 

 -

 

 

31,478 

 

 

 -

Accrued interest payable

 

409 

 

 

409 

 

 

 -

 

 

409 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017



 

 

 

 

 

 

Quoted prices

 

Significant

 

Significant



 

 

 

 

 

 

in active

 

other

 

other



Carrying

 

Estimated

 

markets

 

observable inputs

 

unobservable inputs

(dollars in thousands)

amount

 

fair value

 

(Level 1)

 

(Level 2)

 

(Level 3)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

15,825 

 

$

15,825 

 

$

15,825 

 

$

 -

 

$

 -

Available-for-sale securities

 

157,385 

 

 

157,385 

 

 

828 

 

 

156,557 

 

 

 -

FHLB stock

 

2,832 

 

 

2,832 

 

 

 -

 

 

2,832 

 

 

 -

Loans and leases, net

 

628,767 

 

 

625,052 

 

 

 -

 

 

 -

 

 

625,052 

Loans held-for-sale

 

2,181 

 

 

2,221 

 

 

 -

 

 

2,221 

 

 

 -

Accrued interest receivable

 

2,786 

 

 

2,786 

 

 

 -

 

 

2,786 

 

 

 -

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits with no stated maturities

 

623,080 

 

 

623,080 

 

 

 -

 

 

623,080 

 

 

 -

Time deposits

 

107,066 

 

 

105,758 

 

 

 -

 

 

105,758 

 

 

 -

Short-term borrowings

 

18,502 

 

 

18,502 

 

 

 -

 

 

18,502 

 

 

 -

FHLB advances

 

21,204 

 

 

21,066 

 

 

 -

 

 

21,066 

 

 

 -

Accrued interest payable

 

346 

 

 

346 

 

 

 -

 

 

346 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Financial Instruments Measured At Fair Value On Recurring Basis





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

Quoted prices

 

 

 

 

 

 



 

 

 

in active

 

Significant other

 

Significant other



Total carrying value

 

markets

 

observable inputs

 

unobservable inputs

(dollars in thousands)

September 30, 2018

 

(Level 1)

 

(Level 2)

 

(Level 3)

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

Agency - GSE

$

5,833 

 

$

 -

 

$

5,833 

 

$

 -

Obligations of states and political subdivisions

 

45,086 

 

 

 -

 

 

45,086 

 

 

 -

MBS - GSE residential

 

120,532 

 

 

 -

 

 

120,532 

 

 

 -

Total available-for-sale debt securities

$

171,451 

 

$

 -

 

$

171,451 

 

$

 -



 

 

 

 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

Quoted prices

 

 

 

 

 

 



 

 

 

in active

 

Significant other

 

Significant other



Total carrying value

 

markets

 

observable inputs

 

unobservable inputs

(dollars in thousands)

December 31, 2017

 

(Level 1)

 

(Level 2)

 

(Level 3)

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

Agency - GSE

$

9,099 

 

$

 -

 

$

9,099 

 

$

 -

Obligations of states and political subdivisions

 

44,306 

 

 

 -

 

 

44,306 

 

 

 -

MBS - GSE residential

 

103,152 

 

 

 -

 

 

103,152 

 

 

 -

Equity securities - financial services

 

828 

 

 

828 

 

 

 -

 

 

 -

Total available-for-sale securities

$

157,385 

 

$

828 

 

$

156,557 

 

$

 -



 

 

 

 

 

 

 

 

 

 

 



Fair Value Measurements At Fair Value Segregated By Hierarchy Fair Value Levels





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

Quoted prices in

 

Significant other

 

Significant other



Total carrying value

 

active markets

 

observable inputs

 

unobservable inputs

(dollars in thousands)

at September 30, 2018

 

(Level 1)

 

(Level 2)

 

(Level 3)



 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

2,637 

 

$

 -

 

$

 -

 

$

2,637 

Other real estate owned

 

512 

 

 

 -

 

 

 -

 

 

512 

Total

$

3,149 

 

$

 -

 

$

 -

 

$

3,149 



 

 

 

 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

Quoted prices in

 

Significant other

 

Significant other



Total carrying value

 

active markets

 

observable inputs

 

unobservable inputs

(dollars in thousands)

at December 31, 2017

 

(Level 1)

 

(Level 2)

 

(Level 3)



 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

2,952 

 

$

 -

 

$

 -

 

$

2,952 

Other real estate owned

 

814 

 

 

 -

 

 

 -

 

 

814 

Total

$

3,766 

 

$

 -

 

$

 -

 

$

3,766