12. FAIR VALUES (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Summary Of Assets And Liabilities Measured At Fair Value

Assets and liabilities measured at fair value are as follows as of March 31, 2016 (for purpose of this table the impaired loans are shown net of the related allowance):

(Dollars are in thousands)	Quoted market price in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
(On a recurring basis) Available-for-sale investments
U.S. Government Agencies	$	—	$	35,125	$	—
Taxable municipals		—		2,432		—
Corporate bonds		—		2,016		—
Mortgage backed securities		—		45,137		—
(On a non-recurring basis) Other real estate owned		—		—		13,196
Impaired loans:
Real estate secured:
Commercial		—		—		5,628
Construction and land development		—		—		465
Residential 1-4 family		—		—		4,704
Multifamily		—		—		300
Farmland		—		—		4,522
Commercial		—		—		45
Agriculture		—		—		137
Consumer installment loans		—		—		51
All other loans		—		—		—
Total	$	—	$	84,710	$	29,048

Assets and liabilities measured at fair value are as follows as of December 31, 2015 (for purpose of this table the impaired loans are shown net of the related allowance):

(Dollars are in thousands)	Quoted market price in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
(On a recurring basis) Available-for-sale investments
U.S. Government Agencies	$	—	$	41,523	$	—
Taxable municipals		—		3,281		—
Corporate bonds		—		1,939		—
Mortgage backed securities		—		54,899		—
(On a non-recurring basis) Other real estate owned		—		—		12,398
Impaired loans:
Real estate secured:
Commercial		—		—		6,427
Construction and land development		—		—		144
Residential 1-4 family		—		—		4,789
Multifamily		—		—		430
Farmland		—		—		4,416
Commercial		—		—		45
Agriculture		—		—		36
Consumer installment loans		—		—		54
All other loans		—		—		—
Total	$	—	$	101,642	$	28,739

Schedule Of Significant Unobservable Inputs In Level 3 Assets

(Dollars in thousands)	Fair Value at March 31, 2016		Valuation Technique	Significant Unobservable Inputs	General Range of Significant Unobservable Input Values
Impaired Loans	$	15,852	Appraised Value/Discounted Cash Flows/Market Value of Note	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell	0 – 18%
Other Real Estate Owned	$	13,196	Appraised Value/Comparable Sales/Other Estimates from Independent Sources	Discounts to reflect current market conditions and estimated costs to sell	0 – 18%

Estimated Fair Value Of Financial Instruments

					Fair Value Measurements
(Dollars are in thousands)	Carrying Amount		Fair Value		Quoted market price in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
March 31, 2016
Financial Instruments – Assets
Net Loans	$	443,090	$	445,827	$	—	$	429,975	$	15,852
Financial Instruments – Liabilities
Time Deposits		251,295		250,854		—		250,854		—
FHLB Advances		12,658		12,658		—		12,658		—
December 31, 2015
Financial Instruments – Assets
Net Loans	$	433,676	$	438,589	$	—	$	422,248	$	16,341
Financial Instruments – Liabilities
Time Deposits		256,978		256,797		—		256,797		—
FHLB Advances		2,958		2,958		—		2,958		—