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

9 Months Ended

Sep. 30, 2018

Tables/Schedules

Fair Value, by Balance Sheet Grouping

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

		September 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	$ 8,088	$ 8,088	$ 11,671	$ 11,671
Loans, net of allowance for loan losses	(1)	21,873	21,797	25,545	25,831
Servicing asset	Level 3	284	284	319	319
Accrued interest receivable	Level 1	194	194	153	153
Liabilities:
Demand deposits	Level 1	32,041	32,041	34,610	34,610
Savings deposits	Level 1	10,820	10,820	11,505	11,505
Time deposits	(2)	8,241	8,152	9,339	9,280
Accrued interest payable	Level 1	12	12	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.