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Fair Value (Tables)
 6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Nonrecurring

Assets and liabilities measured at fair value on a non-recurring basis in the six months ended June 30, 2016 are presented in the following table ($ in thousands).

 

 

 

Fair Value Measurement at Report Date Using

 

 

 

Quoted Prices

 

 

Significant

 

 

 

 

 

 

 

 

 

 

 

In Active

 

 

Other

 

 

Significant

 

 

 

 

 

 

 

Markets For

 

 

Observable

 

 

Unobservable

 

 

Total

 

 

 

Identical Assets

 

 

Inputs

 

 

Inputs

 

 

As Of

 

Item

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

06/30/2016

 

Impaired loans with specific allowance, net for which an

   adjustment was recorded in the year

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

REO for which a valuation reserve has been recorded in the

   year

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

REO acquired through foreclosure during the year(1)

 

$

—

 

 

$

416

 

 

$

—

 

 

$

416

 

 

 

(1)

The dollar amount presented is the net of the fair value of the property at acquisition of the REO and the principal and interest owing on the first mortgage assumed of approximately $926,000. The mortgage was paid off in June 2016