XML 62 R47.htm IDEA: XBRL DOCUMENT v3.7.0.1
Fair Value Measurements And Fair Values Of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Measurements And Fair Values Of Financial Instruments [Abstract]  
Fair Value, By Balance Sheet Grouping



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2016



Carrying

 

Fair

 

 

 

 

 

 

 

(Dollars in thousands)

Amount

 

Value

 

Level 1

 

Level 2

 

Level 3



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

36,665 

 

$

36,665 

 

$

36,665 

 

$

 -

 

$

 -

Investment securities available for sale

 

143,875 

 

 

143,875 

 

 

290 

 

 

143,585 

 

 

 -

Restricted stock

 

1,767 

 

 

1,767 

 

 

 -

 

 

1,767 

 

 

 -

Loans held for sale

 

540 

 

 

540 

 

 

 -

 

 

540 

 

 

 -

Net loans

 

882,798 

 

 

889,910 

 

 

 -

 

 

 -

 

 

889,910 

Accrued interest receivable

 

3,592 

 

 

3,592 

 

 

 -

 

 

3,592 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

$

982,120 

 

$

981,949 

 

$

 -

 

$

981,949 

 

$

 -

Short-term Debt

 

24,270 

 

 

24,270 

 

 

24,270 

 

 

 -

 

 

 -

Accrued interest payable

 

116 

 

 

116 

 

 

 -

 

 

116 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2015



Carrying

 

Fair

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Amount

 

Value

 

Level 1

 

Level 2

 

Level 3



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

39,166 

 

$

39,166 

 

$

39,166 

 

$

 -

 

$

 -

Investment securities available for sale

 

159,473 

 

 

159,473 

 

 

233 

 

 

159,240 

 

 

 -

Restricted stock

 

782 

 

 

782 

 

 

 -

 

 

782 

 

 

 -

Loans held for sale

 

461 

 

 

461 

 

 

 -

 

 

461 

 

 

 -

Net loans

 

771,930 

 

 

779,742 

 

 

 -

 

 

 -

 

 

779,742 

Accrued interest receivable

 

3,164 

 

 

3,164 

 

 

 -

 

 

3,164 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

$

918,512 

 

$

918,401 

 

$

 -

 

$

918,401 

 

$

 -

Accrued interest payable

 

124 

 

 

124 

 

 

 -

 

 

124 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

 

Fair Value at December 31, 2016

Asset  Description

 

Level 1

 

Level 2

 

Level 3

 

Total

Equity securities

 

$

290 

 

$

 -

 

$

 -

 

$

290 

U.S. Government and Agency securities

 

 

 -

 

 

12,720 

 

 

 -

 

 

12,720 

Municipal securities

 

 

 -

 

 

62,985 

 

 

 -

 

 

62,985 

Trust Preferred Securities

 

 

 -

 

 

5,461 

 

 

 -

 

 

5,461 

Agency mortgage-backed securities

 

 

 -

 

 

61,284 

 

 

 -

 

 

61,284 

Private-label mortgage-backed securities

 

 

 -

 

 

1,104 

 

 

 -

 

 

1,104 

Asset-backed securities

 

 

 -

 

 

31 

 

 

 -

 

 

31 

Total assets

 

$

290 

 

$

143,585 

 

$

 -

 

$

143,875 



 

 

 

 

 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

 

Fair Value at December 31, 2015

Asset  Description

 

Level 1

 

Level 2

 

Level 3

 

Total

Equity securities

 

$

233 

 

$

 -

 

$

 -

 

$

233 

U.S. Government and Agency securities

 

 

 -

 

 

13,836 

 

 

 -

 

 

13,836 

Municipal securities

 

 

 -

 

 

69,188 

 

 

 -

 

 

69,188 

Trust Preferred Securities

 

 

 -

 

 

5,289 

 

 

 -

 

 

5,289 

Agency mortgage-backed securities

 

 

 -

 

 

69,519 

 

 

 -

 

 

69,519 

Private-label mortgage-backed securities

 

 

 -

 

 

1,372 

 

 

 -

 

 

1,372 

Asset-backed securities

 

 

 -

 

 

36 

 

 

 -

 

 

36 

Total assets

 

$

233 

 

$

159,240 

 

$

 -

 

$

159,473 



 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule Of Fair Value On A Nonrecurring Basis



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 



 

Fair Value at December 31, 2016

Asset  Description

 

Level 1

 

Level 2

 

Level 3

 

Total

Premises held-for-sale (1)

 

 

 -

 

 

 -

 

 

200 

 

 

200 

Other real estate owned (1)

 

 

 -

 

 

 -

 

 

2,407 

 

 

2,407 

Total assets

 

$

 -

 

$

 -

 

$

2,607 

 

$

2,607 







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

 

Fair Value at December 31, 2015

Asset  Description

 

Level 1

 

Level 2

 

Level 3

 

Total

Premises held-for-sale (1)

 

 

 -

 

 

 -

 

 

210 

 

 

210 

Other real estate owned (1)

 

 

 -

 

 

 -

 

 

6,128 

 

 

6,128 

Total assets

 

$

 -

 

$

 -

 

$

6,338 

 

$

6,338 



 

 

 

 

 

 

 

 

 

 

 

 

(1) Includes assets directly charged-down to fair value during the year-to-date period.

Fair Value Inputs, Assets, Quantitative Information



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

(Dollars in Thousands)

 

Quantitative Information about Level 3 Fair Value Measurements



 

 

 

 

 

 

 

Range

December 31, 2016

 

Fair Value

 

Valuation Technique

 

Unobservable Input

 

(Weighted Average)

Premises held-for-sale

 

200 

 

Appraisal

 

Qualitative adjustment

 

5%  (5%)



 

 

 

 

 

 

 

 

Other real estate owned

 

2,407 

 

Appraisal

 

N/A

 

 -



 

 

 

 

 

Cost to sell

 

8%  (8%)



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

Range

December 31, 2015

 

Fair Value

 

Valuation Technique

 

Unobservable Input

 

(Weighted Average)

Premises held-for-sale

 

210 

 

Appraisal

 

Qualitative adjustment

 

 -



 

 

 

 

 

 

 

 

Other real estate owned

 

6,128 

 

Appraisal

 

N/A

 

 -



 

 

 

 

 

Cost to sell

 

8%  (8%)