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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of assets reported on the balance sheet at their fair value on a recurring basis
The following table presents the assets reported on the Consolidated Balance Sheet at their fair value on a recurring basis as of March 31, 2018 and December 31, 2017, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

 
 
March 31, 2018
(In Thousands)
 
Level I
 
Level II
 
Level III
 
Total
Assets measured on a recurring basis:
 
 

 
 

 
 

 
 

Investment securities, available for sale:
 
 

 
 

 
 

 
 

Mortgage-backed securities
 
$

 
$
5,941

 
$

 
$
5,941

State and political securities
 

 
63,435

 

 
63,435

Other debt securities
 

 
47,068

 

 
47,068

Investment equity securities:
 
 
 
 
 
 
 
 
Financial institution equity securities
 
1,251

 

 

 
1,251

  Other equity securities
 
1,231

 

 

 
1,231

Investment securities, trading:
 
 
 
 
 
 
 
 
  Other equity securities
 
159

 

 

 
159


 
 
December 31, 2017
(In Thousands)
 
Level I
 
Level II
 
Level III
 
Total
Assets measured on a recurring basis:
 
 

 
 

 
 

 
 

Investment securities, available for sale:
 
 

 
 

 
 

 
 

Mortgage-backed securities
 
$

 
$
4,213

 
$

 
$
4,213

State and political securities
 

 
56,508

 

 
56,508

Other debt securities
 

 
47,907

 

 
47,907

Financial institution equity securities
 
1,264

 

 

 
1,264

  Other equity securities
 
1,251

 

 

 
1,251

Investment securities, trading:
 
 
 
 
 
 
 
 
  Other equity securities
 
190

 

 

 
190

Schedule of assets reported on the consolidated balance sheet at their fair value on a non-recurring basis
The following table presents the assets reported on the Consolidated Balance Sheet at their fair value on a non-recurring basis as of March 31, 2018 and December 31, 2017, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. 
 
 
March 31, 2018
(In Thousands)
 
Level I
 
Level II
 
Level III
 
Total
Assets measured on a non-recurring basis:
 
 

 
 

 
 

 
 

Impaired loans
 
$

 
$

 
$
13,192

 
$
13,192

Other real estate owned
 

 

 
191

 
191


 
 
December 31, 2017
(In Thousands)
 
Level I
 
Level II
 
Level III
 
Total
Assets measured on a non-recurring basis:
 
 

 
 

 
 

 
 

Impaired loans
 
$

 
$

 
$
12,262

 
$
12,262

Other real estate owned
 

 

 
143

 
143

Schedule of listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
The following tables present a listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques as of March 31, 2018 and December 31, 2017
 
 
March 31, 2018
 
 
Quantitative Information About Level III Fair Value Measurements
(In Thousands)
 
Fair Value
 
Valuation Technique(s)
 
Unobservable Inputs
 
Range
 
Weighted Average
Impaired loans
 
$
6,582

 
Discounted cash flow
 
Temporary reduction in payment amount
 
0 to (70)%
 
(4)%
 
 
6,610

 
Appraisal of collateral (1)
 
Appraisal adjustments (1)
 
0 to (20)%
 
(20)%
Other real estate owned
 
$
191

 
Appraisal of collateral (1)
 
Appraisal adjustments (1)
 
(20)%
 
(20)%
(1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.
 
 
December 31, 2017
 
 
Quantitative Information About Level III Fair Value Measurements
(In Thousands)
 
Fair Value
 
Valuation Technique(s)
 
Unobservable Inputs
 
Range
 
Weighted Average
Impaired loans
 
$
6,583

 
Discounted cash flow
 
Temporary reduction in payment amount
 
3 to (70)%
 
(4)%
 
 
5,679

 
Appraisal of collateral (1)
 
Appraisal adjustments (1)
 
0 to (20)%
 
(17)%
Other real estate owned
 
$
143

 
Appraisal of collateral (1)
 
Appraisal adjustments (1)
 
(20)%
 
(20)%
(1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.