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FAIR VALUE (Tables)
12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets (Liabilities) Measured at Fair Value
The following table summarizes quantitative disclosures about the fair value measurements for each category of financial assets (liabilities) carried at fair value as of December 31:
2017
Fair Value
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant Other
Unobservable
Inputs
(Level 3)
Assets (liabilities) at fair value on a recurring basis:
 
 
 
 
 
 
 
Available for sale securities
 
 
 
 
 
 
 
Mortgage-backed securities
$
90,678

 
$

 
$
90,678

 
$

Collateralized mortgage obligations
115,311

 

 
115,311

 

Municipal securities
7,546

 

 
7,546

 

Corporate bonds
18,837

 

 
18,837

 

Derivative instruments
(571
)
 

 
(571
)
 

 
 
 
 
 
 
 
 
Assets at fair value on a nonrecurring basis:
 
 
 
 
 
 
 
Impaired loans
6,206

 

 

 
6,206

Other real estate owned
2,244

 

 

 
2,244

2016
Fair Value
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant Other
Unobservable
Inputs
(Level 3)
Assets (liabilities) at fair value on a recurring basis:
 
 
 
 
 
 
 
Available for sale securities
 
 
 
 
 
 
 
Mortgage-backed securities
$
59,690

 
$

 
$
59,690

 
$

Collateralized mortgage obligations
65,133

 

 
65,133

 

Municipal securities
7,219

 

 
7,219

 

Corporate bonds
24,883

 

 
24,883

 

Derivative instruments
(695
)
 

 
(695
)
 

 
 
 
 
 
 
 
 
Assets at fair value on a nonrecurring basis:
 
 
 
 
 
 
 
Impaired loans
6,065

 

 

 
6,065

Other real estate owned
1,692

 

 

 
1,692

Schedule of Foreclosed Assets Measured at Fair Value
The following table presents foreclosed assets that were remeasured and recorded at fair value as of December 31:
 
2017
 
2016
Other real estate owned remeasured at initial recognition:
 
 
 
Carrying value of other real estate owned prior to remeasurement
$
1,082

 
$
78

Charge-offs recognized in the allowance for loan losses
(195
)
 
(11
)
Fair value of other real estate owned remeasured at initial recognition
$
887

 
$
67

 
2017
 
2016
 
2015
Other real estate owned remeasured subsequent to initial recognition:
 
 
 
 
 
Carrying value of other real estate owned prior to remeasurement
$

 
$
170

 
$
167

Write-downs included in collection and other real estate owned expense

 
(69
)
 
(102
)
Fair value of other real estate owned remeasured subsequent to initial recognition
$

 
$
101

 
$
65

Schedule of Quantitative Information About Nonrecurring Level 3 Fair Value Measurements
The following table presents quantitative information about nonrecurring Level 3 fair value measurements at:
 
Fair Value
 
Valuation
Technique(s)
 
Unobservable Input(s)
 
Range (Weighted
Average)
December 31, 2017
 
 
 
 
 
 
 
Impaired loans
$
6,206

 
Fair value of collateral- sales comparison approach
 
Selling costs or other normal adjustments: Real estate Equipment
 
10%-20% (16%) 10%-20% (3.6%)
Other real estate owned
$
2,244

 
Appraisal value of collateral
 
Selling costs or other normal adjustments
 
10%-20% (16%)
 
Fair Value
 
Valuation
Technique(s)
 
Unobservable Input(s)
 
Range (Weighted
Average)
December 31, 2016
 
 
 
 
 
 
 
Impaired loans
$
6,065

 
Fair value of collateral- sales comparison approach
 
Selling costs or other normal adjustments: Real estate Equipment
 
10%-20% (16%) 40%-50% (42%)
Other real estate owned
$
1,692

 
Appraisal value of collateral
 
Selling costs or other normal adjustments
 
10%-20% (16%)
Schedule of Carrying Amounts And Estimated Fair Values of Financial Instruments
The carrying amounts and estimated fair values of financial instruments, not previously in this note, at December 31, 2017 and 2016 are as follows:
 
Fair Value Measurements at
December 31, 2017 Using:
 
Carrying  Amount
 
Level 1 Inputs
 
Level 2 Inputs
 
Level 3 Inputs
 
Total Fair Value
Financial assets:
 
 
 
 
 
 
 
 
 
Cash, due from banks, federal funds sold and interest-bearing deposits
$
91,428

 
$
66,657

 
$
24,771

 
$

 
$
91,428

Marketable securities held to maturity
174,684

 

 
176,790

 

 
176,790

Loans, net
1,347,779

 

 

 
1,346,361

 
1,346,361

Accrued interest receivable
8,174

 

 
8,174

 

 
8,174

Nonmarketable equity securities
9,453

 

 
9,453

 

 
9,453

Cash surrender value of life insurance
19,117

 

 
19,117

 

 
19,117

Financial liabilities:
 
 
 
 
 
 
 
 
 
Deposits
$
1,676,320

 
$
1,378,467

 
$
297,978

 
$

 
$
1,676,445

Securities sold under repurchase agreements
12,879

 

 
12,879

 

 
12,879

Accrued interest payable
922

 

 
922

 

 
922

Other debt

 

 

 

 

Federal Home Loan Bank advances
45,153

 

 
44,722

 

 
44,722

Subordinated debentures
13,810

 

 
11,495

 

 
11,495

 
Fair Value Measurements at
December 31, 2016 Using:
 
Carrying  Amount
 
Level 1 Inputs
 
Level 2 Inputs
 
Level 3 Inputs
 
Total Fair Value
Financial assets:
 
 
 
 
 
 
 
 
 
Cash, due from banks, federal funds sold and interest-bearing deposits
$
127,543

 
$
100,205

 
$
27,338

 
$

 
$
127,543

Marketable securities held to maturity
189,371

 

 
186,155

 

 
186,155

Loans, net
1,233,651

 

 

 
1,235,306

 
1,235,306

Accrued interest receivable
7,419

 

 
7,419

 

 
7,419

Nonmarketable equity securities
10,500

 

 
10,500

 

 
10,500

Cash surrender value of life insurance
17,804

 

 
17,804

 

 
17,804

Financial liabilities:
 
 
 
 
 
 
 
 
 
Deposits
$
1,576,791

 
$
1,234,875

 
$
342,615

 
$

 
$
1,577,490

Securities sold under repurchase agreements
10,859

 

 
10,859

 

 
10,859

Accrued interest payable
889

 

 
889

 

 
889

Other debt
18,286

 

 
18,286

 

 
18,286

Federal Home Loan Bank advances
55,170

 

 
55,160

 

 
55,160

Subordinated debentures
19,310

 

 
16,809

 

 
16,809