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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2017
Fair Value Measurements [Abstract]  
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 September 30, 2017 Using
 
 
Balance
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
 
(in thousands)
 
Available-for-sale securities
        
Obligations of  U.S. Government agencies
 
$
9,493
  
$
-
  
$
9,493
  
$
-
 
Obligations of state and political subdivisions
  
68,434
   
-
   
68,434
   
-
 
Mortgage-backed securities
  
77,316
   
-
   
77,316
   
-
 
Money market investments
  
1,169
   
-
   
1,169
   
-
 
Corporate bonds
  
7,510
   
-
   
7,510
   
-
 
Other marketable equity securities
  
190
   
-
   
190
   
-
 
Total available-for-sale securities
 
$
164,112
  
$
-
  
$
164,112
  
$
-
 

     
Fair Value Measurements at December 31, 2016 Using
 
  
Balance
  
Quoted Prices in Active Markets for Identical Assets
(Level 1)
  
Significant Other
Observable Inputs
(Level 2)
  
Significant Unobservable Inputs
(Level 3)
 
  
(in thousands)
 
Available-for-sale securities
            
U.S. Treasury securities
 
$
20,000
  
$
-
  
$
20,000
  
$
-
 
Obligations of  U.S. Government agencies
  
9,195
   
-
   
9,195
   
-
 
Obligations of state and political subdivisions
  
77,987
   
-
   
77,987
   
-
 
Mortgage-backed securities
  
83,694
   
-
   
83,694
   
-
 
Money market investments
  
647
   
-
   
647
   
-
 
Corporate bonds
  
7,678
   
-
   
7,678
   
-
 
Other marketable equity securities
  
164
   
-
   
164
   
-
 
Total available-for-sale securities
 
$
199,365
  
$
-
  
$
199,365
  
$
-
 
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 rather than at a market rate. These loans are not carried on the consolidated balance sheets at fair value and, as such, are not included in the table below.

     
Carrying Value at September 30, 2017 Using
 
  
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
 
$
316
  
$
-
  
$
-
  
$
316
 
Commercial
  
349
   
-
   
-
   
349
 
Construction
  
74
   
-
   
-
   
74
 
Equity lines of credit
  
229
   
-
   
-
   
229
 
Total mortgage loans on real estate
 
$
968
  
$
-
  
$
-
  
$
968
 
                 
Loans
                
Loans held for sale
 
$
981
  
$
-
  
$
981
  
$
0
 

     
Carrying Value at December 31, 2016 Using
 
  
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
  
$
-
  
$
-
  
$
400
 
Commercial
  
1,483
   
-
   
-
   
1,483
 
Construction
  
74
   
-
   
-
   
74
 
Total mortgage loans on real estate
 
$
1,957
  
$
-
  
$
-
  
$
1,957
 
Commercial loans
  
718
   
-
   
-
   
718
 
Total
 
$
2,675
  
$
-
  
$
-
  
$
2,675
 
                 
Other real estate owned
                
Construction
 
$
940
  
$
-
  
$
-
  
$
940
 
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
 
  
Fair Value at
September 30, 2017
(dollars in thousands)
 
Valuation Techniques
Unobservable Input
 
Range (Weighted Average)
 
Impaired loans
        
Residential 1-4 family real estate
 
$
316
 
Market comparables
Selling costs
  
0.00% - 7.25% (3.36
%)
        
Liquidation discount
  
0.00% - 4.00% (3.12
%)
Commercial real estate
 
$
349
 
Market comparables
Selling costs
  
7.25
%
        
Liquidation discount
  
4.00
%
Construction
 
$
74
 
Market comparables
Selling costs
  
7.25
%
        
Liquidation discount
  
4.00
%
Equity lines of credit
 
$
229
 
Market comparables
Selling costs
  
6.07
%
        
Liquidation discount
  
4.00
%
           

Quantitative Information About Level 3 Fair Value Measurements
 
  
Fair Value at
December 31, 2016
(dollars in thousands)
 
Valuation Techniques
Unobservable Input
 
Range (Weighted 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 loans
 
$
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
%
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 September 30, 2017 Using
 
  
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
 
$
15,435
  
$
15,435
  
$
-
  
$
-
 
Securities available-for-sale
  
164,112
   
-
   
164,112
   
-
 
Restricted securities
  
2,890
   
-
   
2,890
   
-
 
Loans held for sale
  
981
   
-
   
981
   
-
 
Loans, net of allowances for loan losses
  
692,045
   
-
   
-
   
691,615
 
Bank-owned life insurance
  
25,802
   
-
   
25,802
   
-
 
Accrued interest receivable
  
2,987
   
-
   
2,987
   
-
 
                 
Liabilities
                
Deposits
 
$
782,445
  
$
-
  
$
782,315
  
$
-
 
Federal funds purchased
  
2,000
   
-
   
2,000
   
-
 
Overnight repurchase agreements
  
21,885
   
-
   
21,885
   
-
 
Federal Home Loan Bank advances
  
45,000
   
-
   
44,959
   
-
 
Accrued interest payable
  
297
   
-
   
297
   
-
 

     
Fair Value Measurements at December 31, 2016 Using
 
  
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
  
$
-
  
$
-
 
Securities available-for-sale
  
199,365
   
-
   
199,365
   
-
 
Restricted securities
  
970
   
-
   
970
   
-
 
Loans, net of allowances for loan losses
  
595,637
   
-
   
-
   
594,190
 
Bank-owned life insurance
  
25,206
   
-
   
25,206
   
-
 
Accrued interest receivable
  
3,189
   
-
   
3,189
   
-
 
                 
Liabilities
                
Deposits
 
$
784,502
  
$
-
  
$
783,450
  
$
-
 
Overnight repurchase agreements
  
18,704
   
-
   
18,704
   
-
 
Accrued interest payable
  
228
   
-
   
228
   
-