Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets Measured on Recurring Basis

The following table presents the assets reported on the Consolidated Balance Sheet at their fair value as of March 31, 2016 and December 31, 2015 by level within the fair value hierarchy.  

(Dollars in thousands)	Level I		Level II		Level III		Total
March 31, 2016
Assets:
Securities available-for-sale
U.S. Treasury security	$	1,002	$	—	$	—	$	1,002
U.S. Government agencies		—		13,003		—		13,003
Mortgage-backed securities of government agencies		—		61,320		—		61,320
Other mortgage-backed securities		—		95		—		95
Asset-backed securities of government agencies		—		1,339		—		1,339
State and political subdivisions		—		28,717		—		28,717
Corporate bonds		—		16,701		—		16,701
Total debt securities		1,002		121,175		—		122,177
Equity securities		65		—		—		65
Total available-for-sale securities	$	1,067	$	121,175	$	—	$	122,242
December 31, 2015
Assets:
Securities available-for-sale
U.S. Treasury security	$	1,000	$	—	$	—	$	1,000
U.S. Government agencies		—		18,118		—		18,118
Mortgage-backed securities of government agencies		—		63,179		—		63,179
Other mortgage-backed securities		—		104		—		104
Asset-backed securities of government agencies		—		1,392		—		1,392
State and political subdivisions		—		25,301		—		25,301
Corporate bonds		—		18,811		—		18,811
Total debt securities		1,000		126,905		—		127,905
Equity securities		64		—		—		64
Total available-for-sale securities	$	1,064	$	126,905	$	—	$	127,969

Schedule of Fair Value of Assets Measured on Nonrecurring Basis

The following table presents the assets measured on a nonrecurring basis on the Consolidated Balance Sheets at their fair value as of March 31, 2016 and December 31, 2015, by level within the fair value hierarchy.

(Dollars in thousands)	Level I		Level II		Level III		Total
March 31, 2016
Assets measured on a nonrecurring basis:
Impaired loans	$	—	$	—	$	7,661	$	7,661
December 31, 2015
Assets measured on a nonrecurring basis:
Impaired loans	$	—	$	—	$	8,335	$	8,335

Schedule of Quantitative Information of Assets Measured at Fair Value on Nonrecurring Basis

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level III inputs to determine fair value:

	Quantitative Information about Level III Fair Value Measurements
	Fair Value	Valuation	Unobservable
(Dollars in thousands)	Estimate	Techniques	Input	Range (Weighted Average)
March 31, 2016
Impaired loans	$6,425	Discounted cash flow	Remaining term Discount rate	1 mo to 29.25 yrs (54 months) 3.1% to 9.8% (4.3%)
	1,236	Appraisal of collateral (1)	Appraisal adjustments (2) Liquidation expense (2)	0% to -50% (-34%) -10%
December 31, 2015
Impaired loans	$7,256	Discounted cash flow	Remaining term Discount rate	2 mos to 29.5 yrs / (55 mos) 3.1% to 8.3% / (4.3%)
	1,079	Appraisal of collateral (1)	Appraisal adjustments (2) Liquidation expense (2)	0% to -50% (-26%) -10%

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.