FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis

For assets measured at fair value, the fair value measurements by level within the fair value hierarchy, and the basis of measurement used at December 31, 2016 and 2015, are as follows:

		Fair Value Measurements at December 31, 2016
In thousands	Basis	Total		Level 1		Level 2		Level 3
U.S. Government and agencies		$	79,579	$	—	$	79,579	$	—
Mortgage-backed securities, residential		31,973		—		31,973		—
State and municipal		24,660		—		24,660		—
Corporate bonds		5,062		—		5,062		—
CRA mutual fund		1,035		1,035		—		—
Stock in other banks		681		681		—		—
Total securities available for sale	Recurring	$	142,990	$	1,716	$	141,274	$	—
Impaired loans	Non-recurring	$	4,406	$	—	$	—	$	4,406
Foreclosed assets held for resale	Non-recurring	$	—	$	—	$	—	$	—

		Fair Value Measurements at December 31, 2015
In thousands	Basis	Total		Level 1		Level 2		Level 3
U.S. Government and agencies		$	46,029	$	—	$	46,029	$	—
Mortgage-backed securities, residential		42,839		—		42,839		—
State and municipal		28,078		—		28,078		—
Corporate bonds		6,955		—		6,955		—
CRA mutual fund		1,053		1,053		—		—
Stock in other banks		739		739		—		—
Total securities available for sale	Recurring	$	125,693	$	1,792	$	123,901	$	—
Impaired loans	Non-recurring	$	4,451	$	—	$	—	$	4,451
Foreclosed assets held for resale	Non-recurring	$	—	$	—	$	—	$	—

Fair Value Inputs, Assets, Quantitative Information

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Corporation has utilized Level 3 inputs to determine fair value:

	Quantitative Information about Level 3 Fair Value Measurements
Dollars in thousands	Fair Value Estimate		Valuation Technique		Unobservable Input		Range	Weighted Average
December 31, 2016
Impaired loans	$	4,406	Appraisal of collateral	(1)	Appraisal adjustments	(2)	(10) - (50)%	(39	)%
Foreclosed assets held for resale	$	—	Appraisal of collateral	(1) (3)	Appraisal adjustments	(2)	(10) - (50)%	—	%
December 31, 2015
Impaired loans	$	4,451	Appraisal of collateral	(1)	Appraisal adjustments	(2)	(10) - (50)%	(16	)%
Foreclosed assets held for resale	$	—	Appraisal of collateral	(1) (3)	Appraisal adjustments	(2)	(10) - (50)%	—	%

(1) Fair value is generally determined through management’s estimate or independent third-party appraisals of the underlying collateral, which generally includes various Level 3 inputs which are not observable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percentage of the appraisal. Higher downward adjustments are caused by negative changes to the collateral or conditions in the real estate market, actual offers or sales contracts received, or age of the appraisal.

(3) Includes qualitative adjustments by management and estimated liquidation expenses.

Fair Value, by Balance Sheet Grouping

The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Corporation’s financial instruments at December 31, 2016 and 2015:

	December 31, 2016
In thousands	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	13,796	$	13,796	$	6,921	$	6,875	$	—
Interest-bearing deposits in banks	5,135		5,135		5,135		—		—
Investment securities available for sale	142,990		142,990		1,716		141,274		—
Investment securities held to maturity	55,568		55,425		—		55,425		—
Loans held for sale	1,770		1,770		—		1,770		—
Loans, less allowance for loan losses	893,176		888,169		—		—		888,169
Accrued interest receivable	3,158		3,158		—		3,158		—
Restricted investment in bank stocks	4,349		4,349		—		4,349		—
Financial liabilities:
Deposits	967,621		967,236		—		967,236		—
Short-term borrowings	34,590		34,590		—		34,590		—
Long-term borrowings	74,250		75,029		—		75,029		—
Accrued interest payable	837		837		—		837		—
Off-balance sheet financial instruments	—		—		—		—		—

	December 31, 2015
In thousands	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	13,468	$	13,468	$	6,746	$	6,722	$	—
Interest-bearing deposits in banks	5,289		5,289		5,289		—		—
Investment securities available for sale	125,693		125,693		1,792		123,901		—
Investment securities held to maturity	71,542		71,363		—		71,363		—
Loans held for sale	1,835		1,835		—		1,835		—
Loans, less allowance for loan losses	838,213		842,169		—		—		842,169
Accrued interest receivable	3,016		3,016		—		3,016		—
Restricted investment in bank stocks	4,414		4,414		—		4,414		—
Financial liabilities:
Deposits	912,980		913,188		—		913,188		—
Short-term borrowings	35,202		35,202		—		35,202		—
Long-term borrowings	76,500		77,545		—		77,545		—
Accrued interest payable	815		815		—		815		—
Off-balance sheet financial instruments	—		—		—		—		—