Fair Values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2017

Investments, All Other Investments [Abstract]

Schedule of Estimated Fair Values of Recognized Financial Instruments

The estimated fair values of recognized financial instruments as of September 30, 2017 and December 31, 2016 are as follows:

(Dollars in thousands)	Carrying Value		Level I		Level II		Level III		Fair Value
September 30, 2017
Financial assets
Cash and cash equivalents	$	45,372	$	45,372	$	—	$	—	$	45,372
Securities available-for-sale		98,048		1,088		96,960		—		98,048
Securities held-to-maturity		26,475		—		26,431		—		26,431
Restricted stock		4,614		4,614		—		—		4,614
Loans held for sale		1,108		1,108		—		—		1,108
Net loans		504,022		—		—		507,303		507,303
Bank-owned life insurance		13,131		13,131		—		—		13,131
Accrued interest receivable		1,701		1,701		—		—		1,701
Mortgage servicing rights		266		—		—		266		266
Financial liabilities
Deposits	$	571,626	$	459,054	$	—	$	112,960	$	572,014
Short-term borrowings		45,057		45,057		—		—		45,057
Other borrowings		21,596		—		—		20,734		20,734
Accrued interest payable		92		92		—		—		92
December 31, 2016
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