FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2016

FAIR VALUE MEASUREMENTS

Schedule presenting information for financial instruments

The following table presents information for financial instruments at March 31, 2016, December 31, 2015 and March 31, 2015 (dollars in thousands):

		March 31, 2016				December 31, 2015				March 31, 2015
	Level in Fair	Carrying		Estimated		Carrying		Estimated		Carrying		Estimated
	Value Hierarchy	Amount		Fair Value		Amount		Fair Value		Amount		Fair Value
Financial assets:
Cash and cash equivalents	Level 1	$	18,016	$	18,016	$	25,008	$	25,008	$	24,246	$	24,246
Interest-bearing deposits	Level 2		4,989		4,989		5,089		5,089		5,832		5,832
Securities available for sale	Level 2		54,021		54,021		53,728		53,728		63,313		63,313
Federal Home Loan Bank stock	Level 2		2,169		2,169		2,169		2,169		2,973		2,973
Net loans	Level 3		613,801		613,096		613,390		614,187		592,204		593,121
Accrued interest receivable	Level 3		1,845		1,845		1,416		1,416		1,758		1,758
Total financial assets		$	694,841	$	694,136	$	700,800	$	701,597	$	690,326	$	691,243
Financial liabilities:
Deposits	Level 2	$	592,978	$	591,417	$	610,323	$	607,636	$	597,913	$	598,184
Borrowings	Level 2		46,454		47,291		45,754		45,989		49,839		50,685
Accrued interest payable	Level 3		182		182		174		174		227		227
Total financial liabilties		$	639,614	$	638,890	$	656,251	$	653,799	$	647,979	$	649,096

Schedule of assets measured at fair value on a non-recurring basis

Assets Measured at Fair Value on a Nonrecurring Basis at March 31, 2016

			Quoted Prices		Significant		Significant
			in Active Markets		Other Observable		Unobservable		Total Losses for
	Balance at		for Identical Assets		Inputs		Inputs		Three Months Ended
(dollars in thousands)	March 31, 2016		(Level 1)		(Level 2)		(Level 3)		March 31, 2016
Assets
Impaired loans	$	8,193	$	—	$	—	$	8,193	$	236
Other real estate owned		2,684		—		—		2,684		16
									$	252

Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2015

			Quoted Prices		Significant		Significant
			in Active Markets		Other Observable		Unobservable		Total Losses for
	Balance at		for Identical Assets		Inputs		Inputs		Three Months Ended
(dollars in thousands)	December 31, 2015		(Level 1)		(Level 2)		(Level 3)		December 31, 2015
Assets
Impaired loans	$	10,724	$	—	$	—	$	10,724	$	1,852
Other real estate held for sale		2,324		—		—		2,324		332
									$	2,184

Assets Measured at Fair Value on a Nonrecurring Basis at March 31, 2015

			Quoted Prices		Significant		Significant
			in Active Markets		Other Observable		Unobservable		Total Losses for
	Balance at		for Identical Assets		Inputs		Inputs		Three Months Ended
(dollars in thousands)	March 31, 2015		(Level 1)		(Level 2)		(Level 3)		March 31, 2015
Assets
Impaired loans	$	18,308	$	—	$	—	$	18,308	$	—
Other real estate owned		2,632		—		—		2,632		17
									$	17