Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

Assets Measured at Fair Value on Recurring Basis

The following table presents the balances of certain assets measured at fair value on a recurring basis as of the dates indicated:

			Fair Value Measurements at December 31, 2016 Using
			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Description	Balance
	(in thousands)
Available-for-sale securities
U.S. Treasury securities	$	20,000	$	0	$	20,000	$	0
Obligations of U.S. Government agencies		9,195		0		9,195		0
Obligations of state and political subdivisions		77,987		0		77,987		0
Mortgage-backed securities		83,694		0		83,694		0
Money market investments		647		0		647		0
Corporate bonds		7,678		0		7,678		0
Other marketable equity securities		164		0		164		0
Total available-for-sale securities	$	199,365	$	0	$	199,365	$	0

			Fair Value Measurements at December 31, 2015 Using
			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Description	Balance
	(in thousands)
Available-for-sale securities
Obligations of U.S. Government agencies	$	24,240	$	0	$	24,240	$	0
Obligations of state and political subdivisions		78,433		0		78,433		0
Mortgage-backed securities		107,396		0		107,396		0
Money market investments		631		0		631		0
Corporate bonds		3,393		0		3,393		0
Other marketable equity securities		99		0		99		0
Total available-for-sale securities	$	214,192	$	0	$	214,192	$	0

Assets Measured at Fair Value on Nonrecurring Basis

The following table presents the assets carried on the consolidated balance sheets for which a nonrecurring change in fair value has been recorded. Assets are shown by class of loan and by level in the fair value hierarchy, as of the dates indicated. Certain impaired loans are valued by the present value of the loan's expected future cash flows, discounted at the loan's effective interest rate. These loans are not carried on the consolidated balance sheets at fair value and, as such, are not included in the table below. Former branch sites are carried at the lower of cost or market. Those carried at cost are not included in the table below.

			Carrying Value at December 31, 2016 Using
Description	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
Impaired loans
Mortgage loans on real estate:
Residential 1-4 family	$	400	$	0	$	0	$	400
Commercial		1,483		0		0		1,483
Construction		74		0		0		74
Total mortgage loans on real estate		1,957		0		0		1,957
Commercial loans		718		0		0		718
Total	$	2,675	$	0	$	0	$	2,675

Other real estate owned
Construction	$	940	$	0	$	0	$	940
Total	$	940	$	0	$	0	$	940

			Carrying Value at December 31, 2015 Using
Description	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
Impaired loans
Mortgage loans on real estate:
Residential 1-4 family	$	952	$	0	$	0	$	952
Commercial		267		0		0		267
Construction		62		0		0		62
Total	$	1,281	$	0	$	0	$	1,281

Other real estate owned
Residential 1-4 family	$	724	$	0	$	0	$	724
Commercial		927		0		0		927
Construction		1,090		0		0		1,090
Total	$	2,741	$	0	$	0	$	2,741

Fair Value Inputs, Assets, Quantitative Information

The following table displays quantitative information about Level 3 Fair Value Measurements as of the dates indicated:

Quantitative Information About Level 3 Fair Value Measurements
Description	Fair Value at December 31, 2016 (dollars in thousands)		Valuation Techniques	Unobservable Input	Range (Average)
Impaired loans
Residential 1-4 family real estate	$	400	Market comparables	Selling costs		7.25	%
				Liquidation discount		4.00	%
Commercial real estate		1,483	Market comparables	Selling costs		7.25	%
				Liquidation discount		4.00	%
Construction		74	Market comparables	Selling costs		7.25	%
				Liquidation discount		4.00	%
Commercial		718	Market comparables	Selling costs		0.00	%
				Liquidation discount		0.00% - 38.58% (32.40	%)

Other real estate owned
Construction		940	Market comparables	Selling costs		7.25	%
				Liquidation discount		0.00	%

Quantitative Information About Level 3 Fair Value Measurements
Description	Fair Value at December 31, 2015 (dollars in thousands)		Valuation Techniques	Unobservable Input	Range (Average)
Impaired loans
Residential 1-4 family real estate	$	952	Market comparables	Selling costs		7.25	%
				Liquidation discount		0.00% - 4.00% (3.75	%)
Commercial real estate		267	Market comparables	Selling costs		7.25	%
				Liquidation discount		4.00	%
Construction		62	Market comparables	Selling costs		7.25	%
				Liquidation discount		4.00	%

Other real estate owned
Residential 1-4 family		724	Market comparables	Selling costs		7.25	%
				Liquidation discount		4.00% - 7.17% (4.79	%)
Commercial		927	Market comparables	Selling costs		7.25	%
				Liquidation discount		4.00% - 24.70% (11.77	%)
Construction		1,090	Market comparables	Selling costs		6.72	%
				Liquidation discount		33.05	%

Estimated Fair Values and Related Carrying or Notional Amounts of Financial Instruments

The estimated fair values, and related carrying or notional amounts, of the Company's financial instruments as of the dates indicated are as follows:

			Fair Value Measurements at December 31, 2016 Using
Description	Carrying Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
Assets
Cash and cash equivalents	$	25,854	$	25,854	$	0	$	0
Securities available-for-sale		199,365		0		199,365		0
Restricted securities		970		0		970		0
Loans, net of allowances for loan losses		595,637		0		0		594,190
Bank owned life insurance		25,206		0		25,206		0
Accrued interest receivable		3,189		0		3,189		0

Liabilities
Deposits	$	784,502	$	0	$	783,450	$	0
Overnight repurchase agreements		18,704		0		18,704		0
Accrued interest payable		228		0		228		0

			Fair Value Measurements at December 31, 2015 Using
Description	Carrying Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
Assets
Cash and cash equivalents	$	36,990	$	36,990	$	0	$	0
Securities available-for-sale		214,192		0		214,192		0
Restricted securities		2,016		0		2,016		0
Loans, net of allowances for loan losses		560,737		0		0		559,488
Bank owned life insurance		24,411		0		24,411		0
Accrued interest receivable		3,059		0		3,059		0

Liabilities
Deposits	$	746,471	$	0	$	746,740	$	0
Overnight repurchase agreements		25,950		0		25,950		0
Federal Home Loan Bank advances		25,000		0		25,501		0
Accrued interest payable		241		0		241		0