XML 111 R44.htm IDEA: XBRL DOCUMENT v3.20.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Measurements [Abstract]  
Carrying Amount and Estimated Fair Value by Balance Sheet Grouping



 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019



 

 

 

 

 

 

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

$

15,663 

 

$

15,663 

 

$

15,663 

 

$

 -

 

$

 -

Available-for-sale debt securities

 

185,117 

 

 

185,117 

 

 

 -

 

 

185,117 

 

 

 -

FHLB stock

 

4,383 

 

 

4,383 

 

 

 -

 

 

4,383 

 

 

 -

Loans and leases, net

 

743,663 

 

 

735,657 

 

 

 -

 

 

 -

 

 

735,657 

Loans held-for-sale

 

1,643 

 

 

1,660 

 

 

 -

 

 

1,660 

 

 

 -

Accrued interest receivable

 

3,281 

 

 

3,281 

 

 

 -

 

 

3,281 

 

 

 -

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits with no stated maturities

 

719,526 

 

 

719,526 

 

 

 -

 

 

719,526 

 

 

 -

Time deposits

 

116,211 

 

 

115,993 

 

 

 -

 

 

115,993 

 

 

 -

Short-term borrowings

 

37,839 

 

 

37,839 

 

 

 -

 

 

37,839 

 

 

 -

FHLB advances

 

15,000 

 

 

15,430 

 

 

 -

 

 

15,430 

 

 

 -

Accrued interest payable

 

644 

 

 

644 

 

 

 -

 

 

644 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 









 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 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

$

17,485 

 

$

17,485 

 

$

17,485 

 

$

 -

 

$

 -

Available-for-sale debt securities

 

182,810 

 

 

182,810 

 

 

 -

 

 

182,810 

 

 

 -

FHLB stock

 

6,339 

 

 

6,339 

 

 

 -

 

 

6,339 

 

 

 -

Loans and leases, net

 

718,317 

 

 

697,729 

 

 

 -

 

 

 -

 

 

697,729 

Loans held-for-sale

 

5,707 

 

 

5,789 

 

 

 -

 

 

5,789 

 

 

 -

Accrued interest receivable

 

3,271 

 

 

3,271 

 

 

 -

 

 

3,271 

 

 

 -

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits with no stated maturities

 

653,897 

 

 

653,897 

 

 

 -

 

 

653,897 

 

 

 -

Time deposits

 

116,286 

 

 

114,876 

 

 

 -

 

 

114,876 

 

 

 -

Short-term borrowings

 

76,366 

 

 

76,366 

 

 

 -

 

 

76,366 

 

 

 -

FHLB advances

 

31,704 

 

 

31,698 

 

 

 -

 

 

31,698 

 

 

 -

Accrued interest payable

 

530 

 

 

530 

 

 

 -

 

 

530 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 



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)

December 31, 2019

 

(Level 1)

 

(Level 2)

 

(Level 3)

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

Agency - GSE

$

6,159 

 

$

 -

 

$

6,159 

 

$

 -

Obligations of states and political subdivisions

 

54,718 

 

 

 -

 

 

54,718 

 

 

 -

MBS - GSE residential

 

124,240 

 

 

 -

 

 

124,240 

 

 

 -

Total available-for-sale debt securities

$

185,117 

 

$

 -

 

$

185,117 

 

$

 -



 

 

 

 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

Quoted prices

 

 

 

 

 

 



 

 

 

in active

 

Significant other

 

Significant other



Total carrying value

 

markets

 

observable inputs

 

unobservable inputs

(dollars in thousands)

December 31, 2018

 

(Level 1)

 

(Level 2)

 

(Level 3)

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

Agency - GSE

$

5,917 

 

$

 -

 

$

5,917 

 

$

 -

Obligations of states and political subdivisions

 

52,575 

 

 

 -

 

 

52,575 

 

 

 -

MBS - GSE residential

 

124,318 

 

 

 -

 

 

124,318 

 

 

 -

Total available-for-sale debt securities

$

182,810 

 

$

 -

 

$

182,810 

 

$

 -



 

 

 

 

 

 

 

 

 

 

 



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 December 31, 2019

 

(Level 1)

 

(Level 2)

 

(Level 3)



 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

1,579 

 

$

 -

 

$

 -

 

$

1,579 

Other real estate owned

 

350 

 

 

 -

 

 

 -

 

 

350 

Other repossessed assets

 

20 

 

 

 -

 

 

 -

 

 

20 

Total

$

1,949 

 

$

 -

 

$

 -

 

$

1,949 



 

 

 

 

 

 

 

 

 

 

 









 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

Quoted prices in

 

Significant other

 

Significant other



Total carrying value

 

active markets

 

observable inputs

 

unobservable inputs

(dollars in thousands)

at December 31, 2018

 

(Level 1)

 

(Level 2)

 

(Level 3)



 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

1,817 

 

$

 -

 

$

 -

 

$

1,817 

Other real estate owned

 

184 

 

 

 -

 

 

 -

 

 

184 

Total

$

2,001 

 

$

 -

 

$

 -

 

$

2,001 



 

 

 

 

 

 

 

 

 

 

 



Schedule Of Fair Value, Off-Balance Sheet Risks



 

 

 

 

 



December 31,

(dollars in thousands)

 

2019

 

 

2018

Off-balance sheet financial instruments:

 

 

 

 

 

Commitments to extend credit

$

143,558 

 

$

144,710 

Standby letters of credit

 

7,287 

 

 

2,690 



Supply Commitment



 

 

 

 

 

 

 

 

 

 

 



 

 

 

More than

 

 

 

 

 

 



Less than

 

one year to

 

Over five

 

 

 

(dollars in thousands)

one year

 

five years

 

years

 

Total

Secured by:

 

 

 

 

 

 

 

 

 

 

 

Collateral

$

3,149 

 

$

363 

 

$

1,007 

 

$

4,519 

Bank lines of credit

 

2,405 

 

 

 -

 

 

 -

 

 

2,405 



 

5,554 

 

 

363 

 

 

1,007 

 

 

6,924 

Unsecured

 

363 

 

 

 -

 

 

 -

 

 

363 

Total

$

5,917 

 

$

363 

 

$

1,007 

 

$

7,287