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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
Assets measured at fair value on a recurring basis at December 31, 2019 and 2018, segregated by fair value hierarchy level, are summarized below:
 
Fair Value Measurement
 
Fair
Value
Quoted Prices in Active Markets for
Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
December 31, 2019:
(Dollars in thousands)
Investment securities available-for-sale
 
 
 
 
Debt securities:
 
 
 
 
U.S. Government-sponsored enterprises
$
6,292

$
—

$
6,292

$
—

Agency MBS
46,024

—

46,024

—

State and political subdivisions
26,965

—

26,965

—

Corporate
8,112

—

8,112

—

Total debt securities
$
87,393

$
—

$
87,393

$
—

 
 
 
 
 
Other investments:
 
 
 
 
Mutual funds
$
690

$
690

$
—

$
—

 
 
 
 
 
December 31, 2018:
 
 
 
 
Investment securities available-for-sale
 
 
 
 
Debt securities:
 
 
 
 
U.S. Government-sponsored enterprises
$
6,321

$
—

$
6,321

$
—

Agency MBS
36,252

—

36,252

—

State and political subdivisions
23,171

—

23,171

—

Corporate
7,661

—

7,661

—

Total debt securities
$
73,405

$
—

$
73,405

$
—

 
 
 
 
 
Other investments:
 
 
 
 
Mutual funds
$
556

$
556

$
—

$
—

Fair Value, by Balance Sheet Grouping [Table Text Block]
As of the balance sheet dates, the estimated fair values and related carrying amounts of the Company's significant financial instruments were as follows:
 
December 31, 2019
 
Fair Value Measurement
 
Carrying
Amount
Estimated Fair
Value
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
 
(Dollars in thousands)
Financial assets
 
 
 
 
 
Cash and cash equivalents
$
51,134

$
51,134

$
51,134

$
—

$
—

Interest bearing deposits in banks
6,565

6,671

—

6,671

—

Investment securities
88,083

88,083

690

87,393

—

Loans held for sale
7,442

7,587

—

7,587

—

Loans, net
 
 
 
 
 
Residential real estate
191,032

192,955

—

—

192,955

Construction real estate
68,951

68,381

—

—

68,381

Commercial real estate
286,871

288,931

—

—

288,931

Commercial
47,379

45,872

—

—

45,872

Consumer
3,545

3,483

—

—

3,483

Municipal
67,387

67,103

—

—

67,103

Accrued interest receivable
2,702

2,702

—

435

2,267

Nonmarketable equity securities
2,607

N/A

N/A

N/A

N/A

Financial liabilities
 
 
 
 
 
Deposits
 
 
 
 
 
Noninterest bearing
136,434

136,434

136,434

—

—

Interest bearing
458,940

458,940

458,940

—

—

Time
148,653

148,542

—

148,542

—

Borrowed funds
 
 
 
 
 
Short-term
40,000

40,000

40,000

—

—

Long-term
7,164

7,416

—

7,416

—

Accrued interest payable
673

673

—

673

—


 
December 31, 2018
 
Fair Value Measurement
 
Carrying
Amount
Estimated Fair
Value
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
 
(Dollars in thousands)
Financial assets
 
 
 
 
 
Cash and cash equivalents
$
37,289

$
37,289

$
37,289

$
—

$
—

Interest bearing deposits in banks
9,300

9,177

—

9,177

—

Investment securities
73,961

73,961

556

73,405

—

Loans held for sale
2,899

2,954

—

2,954

—

Loans, net
 
 
 
 
 
Residential real estate
186,225

183,836

—

—

183,836

Construction real estate
54,786

54,694

—

—

54,694

Commercial real estate
273,609

272,187

—

—

272,187

Commercial
46,943

45,713

—

—

45,713

Consumer
3,223

3,193

—

—

3,193

Municipal
72,874

72,689

—

—

72,689

Accrued interest receivable
2,812

2,812

—

423

2,389

Nonmarketable equity securities
2,376

N/A

N/A

N/A

N/A

Financial liabilities
 
 
 
 
 
Deposits
 
 
 
 
 
Noninterest bearing
132,971

132,971

132,971

—

—

Interest bearing
444,722

444,722

444,722

—

—

Time
129,077

127,554

—

127,554

—

Borrowed funds
 
 
 
 
 
Short-term
370

370

370

—

—

Long-term
27,451

27,374

—

27,374

—

Accrued interest payable
203

203

—

203

—