Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Schedule of fair values of financial instruments

The fair values of the Company’s financial instruments are as follows at March 31, 2017 and December 31, 2016:

	Carrying		Fair		Fair Value Measurements at March 31, 2017
(In Thousands)	Value		Value		Level I		Level II		Level III
Financial assets:
Cash and cash equivalents	$	75,660	$	75,660	$	75,660	$	—	$	—
Investment securities:
Available for sale	136,910		136,910		11,149		125,761		—
Trading	—		—		—		—		—
Loans held for sale	1,221		1,221		1,221		—		—
Loans, net	1,098,195		1,119,546		—		—		1,119,546
Bank-owned life insurance	27,521		27,521		27,521		—		—
Accrued interest receivable	3,945		3,945		3,945		—		—
Financial liabilities:
Interest-bearing deposits	$	848,272	$	845,173	$	641,024	$	—	$	204,149
Noninterest-bearing deposits	312,392		312,392		312,392		—		—
Short-term borrowings	8,589		8,589		8,589		—		—
Long-term borrowings	75,998		76,172		—		—		76,172
Accrued interest payable	387		387		387		—		—

	Carrying		Fair		Fair Value Measurements at December 31, 2016
(In Thousands)	Value		Value		Level I		Level II		Level III
Financial assets:
Cash and cash equivalents	$	43,671	$	43,671	$	43,671	$	—	$	—
Investment securities:
Available for sale	133,492		133,492		12,018		121,474		—
Trading	58		58		58		—		—
Loans held for sale	1,953		1,953		1,953		—		—
Loans, net	1,080,785		1,088,122		—		—		1,088,122
Bank-owned life insurance	27,332		27,332		27,332		—		—
Accrued interest receivable	3,672		3,672		3,672		—		—
Financial liabilities:
Interest-bearing deposits	$	791,937	$	789,401	$	571,768	$	—	$	217,633
Noninterest-bearing deposits	303,277		303,277		303,277		—		—
Short-term borrowings	13,241		13,241		13,241		—		—
Long-term borrowings	85,998		86,353		—		—		86,353
Accrued interest payable	455		455		455		—		—