FINANCIAL INSTRUMENTS NOT REQUIRED TO BE MEASURED OR REPORTED AT FAIR VALUE

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

FINANCIAL INSTRUMENTS NOT REQUIRED TO BE MEASURED OR REPORTED AT FAIR VALUE

FINANCIAL INSTRUMENTS NOT REQUIRED TO BE MEASURED OR REPORTED AT FAIR VALUE

(DOLLARS IN THOUSANDS)

	June 30, 2018
					Quoted Prices in
					Active Markets		Significant Other		Significant
					for Identical		Observable		Unobservable
	Carrying				Assets		Inputs		Inputs
	Amount		Fair Value		(Level 1)		(Level II)		(Level III)
	$		$		$		$		$
Financial Assets:
Cash and cash equivalents		44,099		44,099		44,099		—		—
Regulatory stock		6,263		6,263		6,263		—		—
Loans held for sale		2,436		2,436		2,436		—		—
Loans, net of allowance		620,047		618,249		—		—		618,249
Mortgage servicing assets		758		867		—		—		867
Accrued interest receivable		3,720		3,720		3,720		—		—
Bank owned life insurance		27,693		27,693		27,693		—		—
Financial Liabilities:
Demand deposits		326,296		326,296		326,296		—		—
Interest-bearing demand deposits		19,068		19,068		19,068		—		—
NOW accounts		87,611		87,611		87,611		—		—
Money market deposit accounts		102,418		102,418		102,418		—		—
Savings accounts		200,532		200,532		200,532		—		—
Time deposits		142,144		142,318		—		—		142,318
Total deposits		878,069		878,243		735,925		—		142,318
Short-term borrowings		2,738		2,738		2,738		—		—
Long-term debt		68,361		68,390		—		—		68,390
Accrued interest payable		411		411		411		—		—

FINANCIAL INSTRUMENTS NOT REQUIRED TO BE MEASURED OR REPORTED AT FAIR VALUE

(DOLLARS IN THOUSANDS)

	December 31, 2017
					Quoted Prices in
					Active Markets		Significant Other		Significant
					for Identical		Observable		Unobservable
	Carrying				Assets		Inputs		Inputs
	Amount		Fair Value		(Level 1)		(Level II)		(Level III)
	$		$		$		$		$
Financial Assets:
Cash and cash equivalents		53,073		53,073		53,073		—		—
Regulatory stock		5,794		5,794		5,794		—		—
Loans held for sale		2,892		2,892		2,892		—		—
Loans, net of allowance		589,313		590,415		—		—		590,415
Mortgage servicing assets		661		751		—		—		751
Accrued interest receivable		3,684		3,684		3,684		—		—
Bank owned life insurance		27,814		27,814		27,814		—		—
Financial Liabilities:
Demand deposits		314,917		314,917		314,917		—		—
Interest-bearing demand deposits		20,230		20,230		20,230		—		—
NOW accounts		86,758		86,758		86,758		—		—
Money market deposit accounts		105,994		105,994		105,994		—		—
Savings accounts		189,169		189,169		189,169		—		—
Time deposits		149,409		150,165		—		—		150,165
Total deposits		866,477		867,233		717,068		—		150,165
Long-term debt		65,850		65,850		—		—		65,850
Accrued interest payable		385		385		385		—		—