7. Disclosures About Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Disclosures About Fair Value Of Financial Instruments Tables

Schedule of Carrying Value and Estimated Fair Value for Financial Instruments

			Fair Value Measurements at June 30, 2017 Using
(dollars in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at June 30, 2017
Assets:
Cash and cash equivalents	$	11,664	$	11,664	$	-	$	-	$	11,664
Securities		24,833		-		24,833		-		24,833
Loans held for sale		51,767		-		51,767		-		51,767
Loans held for investment, net		596,219		-		-		622,449		622,449
Interest receivable		1,895		-		1,895		-		1,895
Bank owned life insurance		13,731		-		13,731		-		13,731
Total	$	700,109	$	11,664	$	92,226	$	622,449	$	726,339
Liabilities:
Deposits	$	536,486	$	-	$	377,661	$	159,669	$	537,330
Short-term debt		50,000		-		50,000		-		50,000
Long-term debt		51,938		-		-		52,048		52,048
Interest payable		223		-		223		-		223
Total	$	638,647	$	-	$	427,884	$	211,717	$	639,601

			Fair Value Measurements at December 31, 2016 Using
(dollars in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at December 31, 2016
Assets:
Cash and cash equivalents	$	16,355	$	16,355	$	-	$	-	$	16,355
Securities		24,908		-		24,908		-		24,908
Loans held for sale		62,735		-		62,735		-		62,735
Loans held for investment, net		584,093		-		-		598,991		598,991
Interest receivable		1,785		-		1,785		-		1,785
Bank owned life insurance		13,513		-		13,513		-		13,513
Total	$	703,389	$	16,355	$	102,941	$	598,991	$	718,287
Liabilities:
Deposits	$	537,085	$	-	$	379,857	$	158,073	$	537,930
Short-term debt		40,000		-		40,000		-		40,000
Long-term debt		64,237		-		-		63,945		63,945
Interest payable		228		-		228		-		228
Total	$	641,550	$	-	$	420,085	$	222,018	$	642,103