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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 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
December 31, 2017 Using
 
Description 
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
 
$
9,435
  
$
-
  
$
9,435
  
$
-
 
Obligations of state and political subdivisions
  
64,765
   
-
   
64,765
   
-
 
Mortgage-backed securities
  
74,296
   
-
   
74,296
   
-
 
Money market investments
  
1,194
   
-
   
1,194
   
-
 
Corporate bonds
  
7,234
   
-
   
7,234
   
-
 
Other marketable equity securities
  
197
   
-
   
197
   
-
 
Total available-for-sale securities
 
$
157,121
  
$
-
  
$
157,121
  
$
-
 

     
Fair Value Measurements at
December 31, 2016 Using
 
Description 
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. 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, 2017
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
 
$
264
  
$
-
  
$
-
  
$
264
 
Construction
  
74
   
-
   
-
   
74
 
Equity lines of credit
  
229
   
-
   
-
   
229
 
Total
 
$
567
  
$
-
  
$
-
  
$
567
 
                 
Loans held for sale
 
$
779
  
$
-
  
$
779
  
$
-
 
 
     
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
  
$
-
  
$
-
  
$
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
  
$
-
  
$
-
  
$
1,957
 
                 
Other real estate owned
                
Construction
 
$
940
  
$
-
  
$
-
  
$
940
 
Total
 
$
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
 
Description
 
Fair Value
at
December
31, 2017
(dollars in
thousands)
 
Valuation Techniques
Unobservable Input
 
Range
(Average)
 
Impaired loans
        
Residential 1-4 family real estate
 
$
264
 
Market comparables
Selling costs
  
7.25
%
      
Liquidation discount
  
0.00% - 4.00% (2.91
%)
Construction
  
74
 
Market comparables
Selling costs
  
7.25
%
      
Liquidation discount
  
4.00
%
Equity lines of credit
  
229
 
Market comparables
Selling costs
  
7.25
%
       
Liquidation discount
  
4.00
%
 
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 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
December 31, 2017 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
 
$
14,412
  
$
14,412
  
$
-
  
$
-
 
Securities available-for-sale
  
157,121
   
-
   
157,121
   
-
 
Restricted securities
  
3,846
   
-
   
3,846
   
-
 
Loans held for sale
  
779
   
-
   
779
   
-
 
Loans, net of allowances for loan losses
  
729,092
   
-
   
-
   
722,464
 
Bank owned life insurance
  
25,981
   
-
   
25,981
   
-
 
Accrued interest receivable
  
3,254
   
-
   
3,254
   
-
 
                 
Liabilities
                
Deposits
 
$
783,594
  
$
-
  
$
782,539
  
$
-
 
Federal funds purchased
  
10,000
   
-
   
10,000
   
-
 
Overnight repurchase agreements
  
20,693
   
-
   
20,693
   
-
 
Federal Home Loan Bank advances
  
67,500
   
-
   
67,329
   
-
 
Accrued interest payable
  
360
   
-
   
360
   
-
 

     
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
  
$
-
  
$
-
 
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
   
-