8. Fair Value: Fair Value, by Balance Sheet Grouping (Tables)

6 Months Ended

Jun. 30, 2018

Tables/Schedules

Fair Value, by Balance Sheet Grouping

The fair value of assets and liabilities not previously disclosed are depicted below:

		June 30, 2018		December 31, 2017
(in 000’s)	Level in	Carrying	Fair	Carrying	Fair
	Value Hierarchy	Amount	Value	Amount	Value
(Dollars in thousands)
Assets:
Cash and cash equivalents	Level 1	$ 9,952	$ 9,952	$ 11,671	$ 11,671
Loans, net of allowance for loan losses	(1)	22,707	22,879	25,545	25,831
Servicing asset	Level 3	311	311	319	319
Accrued interest receivable	Level 1	154	154	153	153
Liabilities:
Demand deposits	Level 1	31,334	31,334	34,610	34,610
Savings deposits	Level 1	11,473	11,473	11,505	11,505
Time deposits	(2)	9,568	9,501	9,339	9,280
Accrued interest payable	Level 1	24	24	14	14

(1)Level 2 for non-impaired loans; Level 3 for impaired loans.  

(2)Level 1 for variable rate instruments, level 3 for fixed rate instruments.