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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017
 
 
 
 
 
 
 
 
 
 
Financial assets:
 
 

 
 

 
 

 
 

 
 

     Cash and cash equivalents
 
$
20,305

 
$
20,305

 
$
20,305

 
$

 
$

     Certificates of deposits with other banks
 
14,778

 
14,695

 

 
14,695

 

     Securities available-for-sale
 
231,507

 
231,507

 
1,607

 
206,991

 
22,909

     Loans held for sale
 
66,794

 
66,794

 

 
66,794

 

     Loans, net
 
1,096,063

 
1,093,824

 

 

 
1,093,824

     Mortgage servicing rights
 
182

 
182

 

 

 
182

     Interest rate lock commitment
 
1,426

 
1,426

 

 

 
1,426

     Interest rate swap
 
268

 
268

 

 
268

 

     Interest rate cap
 
33

 
33

 

 
33

 

     Accrued interest receivable
 
5,296

 
5,296

 

 
1,241

 
4,055

 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 

 
 

 
 

 
 

 
 

     Deposits
 
$
1,159,580

 
$
1,126,615

 
$

 
$
1,126,615

 
$

     Repurchase agreements
 
22,403

 
22,403

 

 
22,403

 

     FHLB and other borrowings
 
152,169

 
152,190

 

 
152,190

 

     Mortgage-backed security hedges
 
78

 
78

 

 
78

 

     Interest rate swap
 
268

 
268

 

 
268

 

     Accrued interest payable
 
643

 
643

 

 
643

 

     Subordinated debt
 
33,524

 
35,117

 

 
35,117

 

 
 
 
 
 
 
 
 
 
 
 
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

 
897

 
161,471

 

     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