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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Carrying Values and Estimated Fair Values of Financial Instruments
The carrying values and estimated fair values of the Company’s financial instruments are summarized as follows:

Fair Value Measurements at:
(Dollars in thousands)
 
Carrying Value
 
Estimated Fair Value
 
Quoted Prices in Active Markets for Identical Assets (Level I)
 
Significant Other Observable Inputs (Level II)
 
Significant Unobservable Inputs (Level III)
December 31, 2016
 
 
 
 
 
 
 
 
 
 
Financial assets:
 
 

 
 

 
 

 
 

 
 

     Cash and cash equivalents
 
$
17,340

 
$
17,340

 
$
17,340

 
$

 
$

     Certificates of deposits with other banks
 
14,527

 
14,985

 

 
14,985

 

     Securities available-for-sale
 
162,368

 
162,368

 

 
162,368

 

     Loans held for sale
 
90,174

 
90,174

 

 
90,174

 

     Loans, net
 
1,043,764

 
1,035,437

 

 

 
1,035,437

     Mortgage servicing rights
 
190

 
190

 

 

 
190

     Interest rate lock commitment
 
1,546

 
1,546

 

 

 
1,546

     Mortgage-backed security hedges
 
372

 
372

 

 
372

 

     Interest rate swap
 
250

 
250

 

 
250

 

     Interest rate cap
 
268

 
268

 

 
268

 

     Accrued interest receivable
 
3,951

 
3,951

 

 
1,002

 
2,949

 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 

 
 

 
 

 
 

 
 

     Deposits
 
$
1,107,017

 
$
1,116,174

 
$

 
$
1,116,174

 
$

     Repurchase agreements
 
25,160

 
25,160

 

 
25,160

 

     FHLB and other borrowings
 
90,921

 
90,919

 

 
90,919

 

     Interest rate swap
 
250

 
250

 

 
250

 

     Accrued interest payable
 
741

 
741

 

 
741

 

     Subordinated debt
 
33,524

 
32,275

 

 
32,275

 

 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
Financial assets:
 
 

 
 

 
 

 
 

 
 

     Cash and cash equivalents
 
$
29,133

 
$
29,133

 
$
29,133

 
$

 
$

     Certificates of deposits with other banks
 
13,150

 
13,270

 

 
13,270

 

     Securities available-for-sale
 
70,256

 
70,256

 

 
70,256

 

     Securities held-to-maturity
 
52,859

 
54,470

 

 
54,470

 

     Loans held for sale
 
102,623

 
102,623

 

 
102,623

 

     Loans, net
 
1,024,164

 
1,034,832

 

 

 
1,034,832

     Mortgage servicing rights
 
956

 
956

 

 

 
956

     Interest rate lock commitment
 
1,537

 
1,537

 

 

 
1,537

     Interest rate swap
 
405

 
405

 

 
405

 

     Interest rate cap
 
437

 
437

 

 
437

 

     Accrued interest receivable
 
3,356

 
3,356

 

 
723

 
2,633

 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
     Deposits
 
$
1,012,314

 
$
1,015,521

 
$

 
$
1,015,521

 
$

     Repurchase agreements
 
27,437

 
27,437

 

 
27,437

 

     FHLB and other borrowings
 
183,198

 
183,211

 

 
183,211

 

     Mortgage-backed security hedges
 
19

 
19

 

 
19

 

     Interest rate swap
 
405

 
405

 

 
405

 

     Accrued interest payable
 
474

 
474

 

 
474

 

     Subordinated debt
 
33,524

 
32,172

 

 
32,172