12. FAIR VALUES (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Summary Of Assets And Liabilities Measured At Fair Value

(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	$	—	$	27,258	$	—
Taxable municipals		—		2,474		—
Corporate bonds		—		3,286		—
Mortgage backed securities		—		41,543		—
(On a non-recurring basis) Other real estate owned		—		—		13,194
Impaired loans:
Real estate secured:
Commercial		—		—		4,950
Construction and land development		—		—		141
Residential 1-4 family		—		—		4,146
Multifamily		—		—		305
Farmland		—		—		4,567
Commercial		—		—		48
Agriculture		—		—		19
Consumer installment loans		—		—		33
All other loans		—		—		—
Total	$	—	$	74,561	$	27,403

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 September 30, 2016	Valuation Technique	Significant Unobservable Inputs	General Range of Significant Unobservable Input Values
Impaired Loans	$	14,209	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	$	13,194	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)
September 30, 2016
Financial Instruments – Assets
Net Loans	$	458,363	$	461,025	$	—	$	446,816	$	14,209
Financial Instruments – Liabilities
Time Deposits		247,956		247,529		—		247,529		—
FHLB Advances		9,058		9,110		—		9,110		—
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		—