XML 49 R34.htm IDEA: XBRL DOCUMENT v3.3.1.900
Fair Values (Tables)
12 Months Ended
Dec. 31, 2015
Fair Values [Abstract]  
Fair Value Measurements On Differing Levels

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

Assets at

(Dollars in thousands)

Level 1

Level 2

Level 3

Fair Value

Assets Measured at Fair Value on a Recurring Basis

 

 

 

 

 

 

 

 

US Government agency obligations

$

 -

$

58,208 

$

 -

$

58,208 

GSE mortgage-backed securities

 

 -

 

40,351 

 

 -

 

40,351 

Collateralized mortgage obligations GSE

 

 -

 

15,806 

 

 -

 

15,806 

Corporate bonds

 

 -

 

20,571 

 

 -

 

20,571 

State and municipal tax-exempt

 

 -

 

17,443 

 

 -

 

17,443 

Total assets measured at fair value on a recurring basis

$

 -

$

152,379 

$

 -

$

152,379 

Assets Measured at Fair Value on a Nonrecurring Basis

 

 

 

 

 

 

 

 

Impaired loans

$

 -

$

 -

$

964 

$

964 

OREO & other repossessed property

 

 -

 

 -

 

682 

 

682 

Total assets measured at fair value on a nonrecurring basis

$

 -

$

 -

$

1,646 

$

1,646 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

 

Assets at

(Dollars in thousands)

Level 1

Level 2

Level 3

Fair Value

Assets Measured at Fair Value on a Recurring Basis

 

 

 

 

 

 

 

 

US Government agency obligations

$

 -

$

61,354 

$

 -

$

61,354 

GSE mortgage-backed securities

 

 -

 

66,723 

 

 -

 

66,723 

Collateralized mortgage obligations GSE

 

 -

 

20,011 

 

 -

 

20,011 

Corporate bonds

 

 -

 

13,102 

 

 -

 

13,102 

State and municipal tax-exempt

 

 -

 

10,994 

 

 -

 

10,994 

Equity securities

 

18 

 

 -

 

 -

 

18 

Total assets measured at fair value on a recurring basis

$

18 

$

172,184 

$

 -

$

172,202 

Assets Measured at Fair Value on a Nonrecurring Basis

 

 

 

 

 

 

 

 

Impaired loans

$

 -

$

 -

$

2,916 

$

2,916 

OREO & other repossessed property

 

 -

 

 -

 

100 

 

100 

Total assets measured at fair value on a nonrecurring basis

$

 -

$

 -

$

3,016 

$

3,016 

 

Quantitative Information About Level 3 Fair Value Measurements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quantitative Information about Level 3 Fair Value Measurement

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

Fair Value

Valuation

 

Range (Weighted

(Dollars in thousands)

 

Estimate

Techniques

Unobservable Input

Average)

Impaired loans - Residential mortgage

$

115 

Appraisal of

Appraisal adj. (2)

0% 

to

0%  (0%)

 

 

 

collateral (1)

Disposal costs (2)

-8%

to

-8%

(-8%)

Impaired loans - Commercial mortgage

 

97 

Appraisal of

Appraisal adj. (2)

0% 

to

0%  (0%)

 

 

 

collateral (1)

Disposal costs (2)

-13%

to

-13%

(-13%)

Impaired loans - Commercial term

 

90 

Appraisal of

Appraisal adj. (2)

-72%

to

-72%

(-72%)

 

 

 

collateral (1)

Disposal costs (2)

-11%

to

-11%

(-11%)

Impaired loans - Commercial construction

 

559 

Appraisal of

Appraisal adj. (2)

0% 

to

0%  (0%)

 

 

 

collateral (1)

Disposal costs (2)

-8%

to

-8%

(-8%)

Impaired loans - Consumer other

 

103 

Appraisal of

Appraisal adj. (2)

0% 

to

0%  (0%)

 

 

 

collateral (1)

Disposal costs (2)

-8%

to

-8%

(-8%)

Impaired loan total

$

964 

 

 

 

 

 

 

Other real estate owned

$

682 

 

Disposal costs (2)

-8%

to

-8%

(-8%)

 

 

 

 

 

 

 

 

 

Quantitative Information about Level 3 Fair Value Measurement

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

Fair Value

Valuation

 

Range (Weighted

(Dollars in thousands)

 

Estimate

Techniques

Unobservable Input

Average)

Impaired loans - Residential mortgage

$

1,244 

Appraisal of

Appraisal adj. (2)

0% 

to

0%  (0%)

 

 

 

collateral (1)

Disposal costs (2)

-8%

to

-8%

(-8%)

Impaired loans - Commercial mortgage

 

97 

Appraisal of

Appraisal adj. (2)

0% 

to

0%  (0%)

 

 

 

collateral (1)

Disposal costs (2)

-13%

to

-13%

(-13%)

Impaired loans - Commercial term

 

81 

Appraisal of

Appraisal adj. (2)

0% 

to

0%  (0%)

 

 

 

collateral (1)

Disposal costs (2)

-11%

to

-11%

(-11%)

Impaired loans - Commercial construction

 

1,494 

Appraisal of

Appraisal adj. (2)

0% 

to

-47%

(-19%)

 

 

 

collateral (1)

Disposal costs (2)

-11%

to

-11%

(-11%)

Impaired loan total

$

2,916 

 

 

 

 

 

 

Other real estate owned

$

100 

 

Disposal costs (2)

-8%

to

-16%

(-12%)

(1)

Fair value is generally determined through independent appraisals or sales contracts of the underlying collateral, which generally include various level 3 inputs which are not identifiable.

(2)

Appraisals are adjusted by management for qualitative factors and disposal costs.

Carrying Amounts and Estimated Fair Values of Financial Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

Estimated

 

 

 

 

 

 

 

 

Carrying

 

Fair

 

 

 

 

 

 

(Dollars in thousands)

 

Amount

 

Value

 

Level 1

 

Level 2

 

Level 3

Financial assets

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

21,119 

$

21,119 

$

21,119 

$

 -

$

 -

AFS investment securities

 

152,379 

 

152,379 

 

 -

 

152,379 

 

 -

HTM investment securities

 

67,829 

 

68,431 

 

 -

 

66,431 

 

2,000 

Restricted stock

 

3,447 

 

3,447 

 

 -

 

3,447 

 

 -

Loans held-for-sale

 

 -

 

 -

 

 -

 

 -

 

 -

Loans, net of allowance, including impaired

 

476,823 

 

461,925 

 

 -

 

 -

 

461,925 

Accrued interest receivable

 

2,410 

 

2,410 

 

 -

 

2,410 

 

 -

Financial liabilities

 

 

 

 

 

 

 

 

 

 

Deposits:

 

 

 

 

 

 

 

 

 

 

Non-interest-bearing deposits

 

125,581 

 

125,581 

 

 -

 

125,581 

 

 -

Interest-bearing deposits:

 

396,188 

 

396,188 

 

 -

 

396,188 

 

 -

Time

 

66,018 

 

65,697 

 

 -

 

65,697 

 

 -

Brokered deposits

 

18,488 

 

18,327 

 

 -

 

18,327 

 

 -

Repurchase agreements

 

32,416 

 

32,416 

 

 -

 

32,416 

 

 -

FHLBP advances

 

30,000 

 

30,210 

 

 -

 

30,210 

 

 -

Junior subordinated debentures and other borrowings

 

9,279 

 

7,889 

 

 -

 

7,889 

 

 -

Subordinated debt

 

9,750 

 

9,999 

 

 -

 

9,999 

 

 -

Accrued interest payable

 

345 

 

345 

 

 -

 

345 

 

 -

Off-balance sheet instruments

 

 -

 

 -

 

 -

 

 -

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

Estimated

 

 

 

 

 

 

 

 

Carrying

 

Fair

 

 

 

 

 

 

(Dollars in thousands)

 

Amount

 

Value

 

Level 1

 

Level 2

 

Level 3

Financial assets

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

12,504 

$

12,504 

$

12,504 

$

 -

$

 -

AFS investment securities

 

172,202 

 

172,202 

 

18 

 

172,184 

 

 -

HTM investment securities

 

59,454 

 

60,099 

 

 -

 

60,099 

 

 -

Restricted stock

 

2,587 

 

2,587 

 

 -

 

2,587 

 

 -

Loans held-for-sale

 

617 

 

640 

 

 -

 

 -

 

 -

Loans, net of allowance, including impaired

 

450,697 

 

436,499 

 

 -

 

 -

 

436,499 

Accrued interest receivable

 

2,253 

 

2,253 

 

 -

 

2,253 

 

 -

Financial liabilities

 

 

 

 

 

 

 

 

 

 

Deposits:

 

 

 

 

 

 

 

 

 

 

Non-interest-bearing deposits

 

102,107 

 

102,107 

 

 -

 

102,107 

 

 -

Interest-bearing deposits:

 

415,933 

 

415,933 

 

 -

 

415,933 

 

 -

Time

 

76,805 

 

76,519 

 

 -

 

76,519 

 

 -

Brokered deposits

 

10,238 

 

10,204 

 

 -

 

10,204 

 

 -

Repurchase agreements

 

19,221 

 

19,221 

 

 -

 

19,221 

 

 -

FHLBP advances

 

20,000 

 

20,616 

 

 -

 

20,616 

 

 -

Junior subordinated debentures and other borrowings

 

9,279 

 

7,546 

 

 -

 

7,546 

 

 -

Accrued interest payable

 

351 

 

351 

 

 -

 

351 

 

 -

Off-balance sheet instruments

 

 -

 

 -

 

 -

 

 -

 

 -