Fair Value Measurements and Disclosures (Tables)

3 Months Ended

Mar. 31, 2016

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

The only assets and liabilities measured at fair value on a recurring basis are our securities available-for-sale. Information related to River’s assets and liabilities measured at fair value on a recurring basis at March 31, 2016 and December 31, 2015 is as follows:

	Fair Value Measurements At Reporting Date Using:
March 31, 2016	Fair Value		Quoted Prices In Active Markets For Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Securities available-for-sale:
Residential mortgage -backed	$	58,129	$	—	$	58,129	$	—
U.S. government agencies		22,946		—		22,946		—
State, county, and municipal		58,642		—		58,642		—
Corporate obligations		2,041		—		1,389		652
Totals	$	141,758	$	—	$	141,106	$	652

	Fair Value Measurements At Reporting Date Using:
December 31, 2015	Fair Value		Quoted Prices In Active Markets For Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Securities available-for-sale:
Residential mortgage -backed	$	60,685	$	—	$	60,685	$	—
U.S. government agencies		22,953		—		22,953		—
State, county, and municipal		59,023		—		59,023		—
Corporate obligations		2,060		—		1,408		652
Totals	$	144,721	$	—	$	144,069	$	652

Schedule of Fair Value, Assets Measured on Non-Recurring Basis

The following table presents the financial instruments carried on the balance sheet by caption and by level in the fair value hierarchy, for which a non-recurring change in fair value has been recorded as of March 31, 2016 and December 31, 2015:

	Fair Value Measurements At Reporting Date Using:
March 31, 2016	Fair Value		Quoted Prices In Active Markets For Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans	$	3,669	$	—	$	—	$	3,669
Foreclosed assets		1,802		—		—		1,802
Totals	$	5,471	$	—	$	—	$	5,471

December 31, 2015	Fair Value		Quoted Prices In Active Markets For Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans	$	4,016	$	—	$	—	$	4,016
Foreclosed assets		1,949		—		—		1,949
Totals	$	5,965	$	—	$	—	$	5,965

Summary of Estimated Fair values Related to Carrying, Notional Amounts of River's Financial Instruments

The estimated fair values, and related carrying or notional amounts, of River’s financial instruments as of March 31, 2016 and December 31, 2015 are as follows:

			Estimated Fair Value
March 31, 2016	Carrying Amount		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	37,769	$	37,769	$	—	$	—
Certificates of Deposit		5,971		—		5,971		—
Securities Available for Sale		141,758		—		141,106		652
Loans held-for-sale		2,915		—		2,915		—
Restricted Equity Securities		1,208		—		—		1,208
Loans Receivable		479,088		—		489,718		—
Bank Owned Life Insurance		14,837		—		14,837		—
Financial Liabilities:
Deposits		613,141		—		609,400		—
Short Term Debt		11,258		—		11,258		—
Federal Home Loan Bank Advances		10,750		—		10,752		—
Note Payable		7,232		—		7,232		—

			Estimated Fair Value
December 31, 2015	Carrying Amount		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	31,002	$	31,002	$	—	$	—
Certificates of Deposit		6,070		—		6,070		—
Securities Available for Sale		144,721		—		144,069		652
Loans held-for-sale		2,771		—		2,771		—
Restricted Equity Securities		1,270		—		—		1,270
Loans Receivable		475,444		—		475,892		—
Bank Owned Life Insurance		14,731		—		14,731		—
Financial Liabilities:
Deposits		610,399		—		599,988		—
Short Term Debt		10,166		—		10,166		—
Federal Home Loan Bank Advances		10,500		—		10,492		—