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Note 12: Fair Value Measurements: Schedule of Quantitative Information About Unobservable Inputs Used in Level 3 Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2014
Tables/Schedules  
Schedule of Quantitative Information About Unobservable Inputs Used in Level 3 Fair Value Measurements

Unobservable (Level 3) Inputs. The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements.

 

 

 

 

 

 

 

 

Range of

Weighted

 

 

Fair value at

Valuation

Unobservable

Discounts

average

March 31, 2014

technique

inputs

applied

discount applied

Available-for-sale securities (pooled trust preferred security)

$124,000

Discounted cash flow

Discount rate

n/a

16.0%

 

 

 

 

Prepayment rate

n/a

1% annually

 

 

 

 

Projected defaults and deferrals (% of pool balance)

n/a

39.9%

 

 

 

 

Anticipated recoveries (% of pool balance)

n/a

1.1%

Impaired loans (collateral dependent)

215,000

Internal or third-party appraisal

Discount to reflect realizable value

n/a

33.3%

Foreclosed and repossessed assets

3,008,000

Third party appraisal

Marketability discount

0.0% - 76.4%

20.0%

 

 

 

 

 

 

Range of

Weighted

 

 

Fair value at

Valuation

Unobservable

Discounts

average

June 30, 2013

technique

inputs

applied

discount applied

Recurring Measurements

Available-for-sale securities

$73,000

Discounted cash flow

Discount rate

n/a

18.6%

 

 

 

 

Prepayment rate

n/a

1% annually

 

 

 

 

Projected defaults and deferrals (% of pool balance)

n/a

42.0%

 

 

 

 

Anticipated recoveries (% of pool balance)

n/a

1.7%

Nonrecurring Measurements

 

 

 

 

 

 

Impaired loans (collateral dependent)

378,000

Internal or third-party appraisal

Discount to reflect realizable value

18.9 - 43.8%

22.9%

Foreclosed and repossessed assets

3,075,000

Third party appraisal

Marketability discount

0.0% - 66.7%

14.6%