Schedule of fair values of financial instruments |
The fair values of the Company’s financial instruments are as follows at June 30, 2015 and December 31, 2014: | | | | | | | | | | | | | | | | | | | | | | | | Carrying | | Fair | | Fair Value Measurements at June 30, 2015 | (In Thousands) | | Value | | Value | | Level I | | Level II | | Level III | Financial assets: | | |
| | |
| | |
| | |
| | |
| Cash and cash equivalents | | $ | 21,869 |
| | $ | 21,869 |
| | $ | 21,869 |
| | $ | — |
| | $ | — |
| Investment securities: | | |
| | |
| | |
| | |
| | |
| Available for sale | | 214,312 |
| | 214,312 |
| | 15,430 |
| | 198,882 |
| | — |
| Trading | | 157 |
| | 157 |
| | 157 |
| | — |
| | — |
| Loans held for sale | | 2,107 |
| | 2,107 |
| | 2,107 |
| | — |
| | — |
| Loans, net | | 966,613 |
| | 974,138 |
| | — |
| | — |
| | 974,138 |
| Bank-owned life insurance | | 26,327 |
| | 26,327 |
| | 26,327 |
| | — |
| | — |
| Accrued interest receivable | | 3,706 |
| | 3,706 |
| | 3,706 |
| | — |
| | — |
| | | | | | | | | | | | Financial liabilities: | | |
| | |
| | |
| | |
| | |
| Interest-bearing deposits | | $ | 762,966 |
| | $ | 741,900 |
| | $ | 522,033 |
| | $ | — |
| | $ | 219,867 |
| Noninterest-bearing deposits | | 244,502 |
| | 244,502 |
| | 244,502 |
| | — |
| | — |
| Short-term borrowings | | 59,026 |
| | 59,026 |
| | 59,026 |
| | — |
| | — |
| Long-term borrowings | | 75,426 |
| | 76,325 |
| | — |
| | — |
| | 76,325 |
| Accrued interest payable | | 410 |
| | 410 |
| | 410 |
| | — |
| | — |
|
| | | | | | | | | | | | | | | | | | | | | | | | Carrying | | Fair | | Fair Value Measurements at December 31, 2014 | (In Thousands) | | Value | | Value | | Level I | | Level II | | Level III | Financial assets: | | |
| | |
| | |
| | |
| | |
| Cash and cash equivalents | | $ | 19,908 |
| | $ | 19,908 |
| | $ | 19,908 |
| | $ | — |
| | $ | — |
| Investment securities: | | |
| | |
| | |
| | |
| | |
| Available for sale | | 232,213 |
| | 232,213 |
| | 15,424 |
| | 216,789 |
| | — |
| Loans held for sale | | 550 |
| | 550 |
| | 550 |
| | — |
| | — |
| Loans, net | | 905,000 |
| | 916,597 |
| | — |
| | — |
| | 916,597 |
| Bank-owned life insurance | | 25,959 |
| | 25,959 |
| | 25,959 |
| | — |
| | — |
| Accrued interest receivable | | 3,912 |
| | 3,912 |
| | 3,912 |
| | — |
| | — |
| | | | | | | | | | | | Financial liabilities: | | |
| | |
| | |
| | |
| | |
| Interest-bearing deposits | | $ | 738,041 |
| | $ | 722,724 |
| | $ | 506,875 |
| | $ | — |
| | $ | 215,849 |
| Noninterest-bearing deposits | | 243,378 |
| | 243,378 |
| | 243,378 |
| | — |
| | — |
| Short-term borrowings | | 40,818 |
| | 40,818 |
| | 40,818 |
| | — |
| | — |
| Long-term borrowings | | 71,176 |
| | 73,084 |
| | — |
| | — |
| | 73,084 |
| Accrued interest payable | | 381 |
| | 381 |
| | 381 |
| | — |
| | — |
|
|