Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Investments, All Other Investments [Abstract]

Schedule of Estimated Fair Values of Recognized Financial Instruments

The estimated fair values of recognized financial instruments as of December 31 were as follows:

	2016
(Dollars in thousands)	Carrying Value		Level I		Level II		Level III		Total Fair Value
Financial assets
Cash and cash equivalents	$	36,838	$	36,838	$	–	$	–	$	36,838
Securities available-for-sale		103,875		1,081		102,794		–		103,875
Securities held-to-maturity		23,883		–		23,444		–		23,444
Restricted stock		4,614		4,614		–		–		4,614
Net loans		470,158		–		–		471,815		471,815
Bank-owned life insurance		10,361		10,361		–		–		10,361
Accrued interest receivable		1,409		1,409		–		–		1,409
Mortgage servicing rights		261		–		–		261		261
Financial liabilities
Deposits	$	540,785	$	428,676	$	–	$	112,642	$	541,318
Short-term borrowings		48,742		48,742		–		–		48,742
Other borrowings		12,385		–		–		12,511		12,511
Accrued interest payable		76		76		–		–		76
	2015
(Dollars in thousands)	Carrying Value		Level I		Level II		Level III		Total Fair Value
Financial assets
Cash and cash equivalents	$	38,272	$	38,272	$	–	$	–	$	38,272
Securities available-for-sale		127,969		1,064		126,905		–		127,969
Securities held-to-maturity		33,819		–		34,011		–		34,011
Restricted stock		4,614		4,614		–		–		4,614
Loans held for sale		47		47		–		–		47
Net loans		418,209		–		–		420,181		420,181
Bank-owned life insurance		10,085		10,085		–		–		10,085
Accrued interest receivable		1,513		1,513		–		–		1,513
Mortgage servicing rights		246		–		–		246		246
Financial liabilities
Deposits	$	525,042	$	405,776	$	–	$	119,867	$	525,643
Short-term borrowings		48,598		48,598		–		–		48,598
Other borrowings		13,465		–		–		13,667		13,667
Accrued interest payable		80		80		–		–		80