Fair Value Measurements and Disclosures (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

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

The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of December 31, 2016 and 2015.  There were no transfers between levels during 2016 or 2015 (in thousands).

	Fair Value Measurements At Reporting Date Using:
			Quoted Prices
			In Active		Significant
			Markets For		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
December 31, 2016	Fair Value		(Level 1)		(Level 2)		(Level 3)
Securities available-for-sale:
Residential mortgage -backed	$	108,675	$	—	$	108,675	$	—
U.S. govt. sponsored enterprises		15,327		—		15,327		—
State, county, and municipal		57,586		—		57,586		—
Corporate debt obligations		1,773		—		1,773		—
Totals	$	183,361	$	—	$	183,361	$	—

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

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

Assets measured at fair value on a nonrecurring basis are included in the table below as of December 31, 2016 and 2015 (in thousands).

	Fair Value Measurements At Reporting Date Using:
			Quoted Prices
			In Active		Significant
			Markets For		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
December 31, 2016	Fair Value		(Level 1)		(Level 2)		(Level 3)
Impaired loans	$	3,124	$	—	$	—	$	3,124
Foreclosed assets		1,151		—		—		1,151
Totals	$	4,275	$	—	$	—	$	4,275

	Fair Value Measurements At Reporting Date Using:
			Quoted Prices
			In Active		Significant
			Markets For		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
December 31, 2015	Fair Value		(Level 1)		(Level 2)		(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 Values of Financial Instruments

The estimated fair values and related carrying values of the Company’s financial instruments at December 31, 2016 and 2015 were as follows (amounts in thousands):

			Estimated Fair Value
	Carrying
December 31, 2016	Amount		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	42,499	$	42,499	$	—	$	—
Certificates of deposit in banks		5,463		—		5,463		—
Securities available-for-sale		183,361		—		183,361		—
Restricted equity securities		751		—		—		751
Loans receivable		512,434		—		515,343		—
Loans held for sale		7,734		—		7,734		—
Bank owned life insurance		15,161		—		15,161		—
Accrued interest receivable		2,376		—		2,376		—
Financial liabilities:
Deposits		704,913		—		688,591		—
Accrued interest payable		130				130
Securities sold under agreements to repurchase		13,034		—		13,034		—
Note payable		6,428		—		6,428		—

			Estimated Fair Value
	Carrying
December 31, 2015	Amount		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	31,002	$	31,002	$	—	$	—
Certificates of deposit in banks		6,070		—		6,070		—
Securities available-for-sale		144,721		—		144,069		652
Restricted equity securities		1,270		—		—		1,270
Loans receivable		475,444		—		475,892		—
Loans held for sale		2,771		—		2,771		—
Bank owned life insurance		14,731		—		14,731		—
Accrued interest receivable		2,234		—		2,234		—
Financial liabilities:
Deposits		610,399		—		599,988		—
Accrued interest payable		130				130
Securities sold under agreements to repurchase		10,166		—		10,166		—
Federal Home Loan Bank advances		10,500		—		10,492		—