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Bank Owned Life Insurance
12 Months Ended
Dec. 31, 2015
Investments, All Other Investments [Abstract]  
Bank Owned Life Insurance
Bank Owned Life Insurance

BOLI provides key person life insurance on certain officers of the Company. During the year ended December 31, 2015 the Company purchased additional policies with a cash value of $5.0 million. The cash value of the life insurance policies are recorded as a separate line item in the accompanying balance sheets at $16.6 million and $11.2 million at December 31, 2015 and 2014, respectively.  The earnings-portion of the insurance policies grows tax deferred and helps offset the cost of the Company’s benefits programs.  The Company recorded earnings of $423,000 and $300,000 and $339,000 for the growth in the cash value of life insurance during the years ended December 31, 2015, 2014 and 2013, respectively. There were no death benefits received during the year ended December 31, 2015.