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Fair Value Measurements And Fair Values Of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Measurements And Fair Values Of Financial Instruments [Abstract]  
Fair Value, By Balance Sheet Grouping



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



September 30, 2016



Carrying

 

Fair

 

 

 

 

 

 

 

(Dollars in thousands)

Amount

 

Value

 

Level 1

 

Level 2

 

Level 3



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

40,594 

 

$

40,594 

 

$

40,594 

 

$

 -

 

$

 -

Investment securities available for sale

 

155,345 

 

 

155,345 

 

 

250 

 

 

155,095 

 

 

 -

Restricted stock

 

1,118 

 

 

1,118 

 

 

 -

 

 

1,118 

 

 

 -

Loans held for sale

 

367 

 

 

367 

 

 

 -

 

 

367 

 

 

 -

Net loans

 

847,891 

 

 

858,095 

 

 

 -

 

 

 -

 

 

858,095 

Accrued interest receivable

 

3,105 

 

 

3,105 

 

 

 -

 

 

3,105 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

$

978,552 

 

$

978,487 

 

$

 -

 

$

978,487 

 

$

 -

Accrued interest payable

 

137 

 

 

137 

 

 

 -

 

 

137 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



December 31, 2015



Carrying

 

Fair

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Amount

 

Value

 

Level 1

 

Level 2

 

Level 3



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

39,166 

 

$

39,166 

 

$

39,166 

 

$

 -

 

$

 -

Investment securities available for sale

 

159,473 

 

 

159,473 

 

 

233 

 

 

159,240 

 

 

 -

Restricted stock

 

782 

 

 

782 

 

 

 -

 

 

782 

 

 

 -

Loans held for sale

 

461 

 

 

461 

 

 

 -

 

 

461 

 

 

 -

Net loans

 

771,930 

 

 

779,742 

 

 

 -

 

 

 -

 

 

779,742 

Accrued interest receivable

 

3,164 

 

 

3,164 

 

 

 -

 

 

3,164 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

$

918,512 

 

$

918,401 

 

$

 -

 

$

918,401 

 

$

 -

Accrued interest payable

 

124 

 

 

124 

 

 

 -

 

 

124 

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 



Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis









 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

(Dollars in Thousands

Fair Value at September 30, 2016

Asset  Description

Level 1

 

Level 2

 

Level 3

 

Total

Equity securities

$

250 

 

$

 -

 

$

 -

 

$

250 

U.S. Government and Agency securities

 

 -

 

 

12,999 

 

 

 -

 

 

12,999 

Municipal securities

 

 -

 

 

68,080 

 

 

 -

 

 

68,080 

Trust Preferred Securities

 

 -

 

 

5,418 

 

 

 -

 

 

5,418 

Agency mortgage-backed securities

 

 -

 

 

67,379 

 

 

 -

 

 

67,379 

Private-label mortgage-backed securities

 

 -

 

 

1,187 

 

 

 -

 

 

1,187 

Asset-backed securities

 

 -

 

 

32 

 

 

 -

 

 

32 

Total assets

$

250 

 

$

155,095 

 

$

 -

 

$

155,345 



 

 

 

 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

Fair Value at December 31, 2015

Asset  Description

Level 1

 

Level 2

 

Level 3

 

Total

Equity securities

$

233 

 

$

 -

 

$

 -

 

$

233 

U.S. Government and Agency securities

 

 -

 

 

13,836 

 

 

 -

 

 

13,836 

Municipal securities

 

 -

 

 

69,188 

 

 

 -

 

 

69,188 

Trust Preferred Securities

 

 -

 

 

5,289 

 

 

 -

 

 

5,289 

Agency mortgage-backed securities

 

 -

 

 

69,519 

 

 

 -

 

 

69,519 

Private-label mortgage-backed securities

 

 -

 

 

1,372 

 

 

 -

 

 

1,372 

Asset-backed securities

 

 -

 

 

36 

 

 

 -

 

 

36 

Total assets

$

233 

 

$

159,240 

 

$

 -

 

$

159,473 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Schedule Of Fair Value An A Nonrecurring Basis









 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 



Fair Value at September 30, 2016

Asset  Description

Level 1

 

Level 2

 

Level 3

 

Total

Other real estate owned (1)

 

 -

 

 

 -

 

 

325 

 

 

325 

Total assets

$

 -

 

$

 -

 

$

325 

 

$

325 







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

Fair Value at December 31, 2015

Asset  Description

Level 1

 

Level 2

 

Level 3

 

Total

Premises held-for-sale (1)

$

 -

 

$

 -

 

$

225 

 

$

225 

Other real estate owned (1)

 

 -

 

 

 -

 

 

6,128 

 

 

6,128 

Total assets

$

 -

 

$

 -

 

$

6,353 

 

$

6,353 

(1)

Includes assets directly charged-down to fair value during the year-to-date period.

Fair Value Inputs, Assets, Quantitative Information



 

 

 

 

 

 

 

 

 



 

 

Quantitative Information about Level 3 Fair Value Measurements

(Dollars in Thousands)

 

 

at September 30, 2016



 

 

 

 

 

 

 

 

Range

Asset  Description

 

 

Fair Value

 

Valuation Technique

 

Unobservable Input

 

(Weighted Average)



 

 

 

 

 

 

 

 

 

Other real estate owned (1)

 

 

325 

 

Appraisal

 

Cost to sell

 

8%  (8%)



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 

at December 31, 2015

Premises held-for-sale (1)

 

$

225 

 

Appraisal

 

 -

 

 -

Other real estate owned (1)

 

 

6,128 

 

Appraisal

 

Cost to sell

 

8%  (8%)



 

 

 

 

 

 

 

 

 

(1) Includes assets directly charged-down to fair value during the year-to-date period.