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Fair Value (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Quoted Prices inSignificant
Active MarketsOtherSignificant
forObservableUnobservable
Identical AssetsInputsInputs
(Dollars in thousands)Amount(Level 1)(Level 2)(Level 3)
December 31, 2014:
Securities available-for-sale:
Agency obligations $ 60,249 60,249
Agency RMBS 135,043 135,043
State and political subdivisions 72,311 72,311
Total securities available-for-sale 267,603 267,603
Other assets (1) 634 634
Total assets at fair value$ 268,237 268,237
Other liabilities(1) 634 634
Total liabilities at fair value$ 634 634
December 31, 2013:
Securities available-for-sale:
Agency obligations $ 44,522 44,522
Agency RMBS 162,358 162,358
State and political subdivisions 64,339 64,339
Total securities available-for-sale 271,219 271,219
Other assets (1) 844 844
Total assets at fair value$272,063272,063
Other liabilities(1) 844 844
Total liabilities at fair value$ 844 844
(1)Represents the fair value of interest rate swap agreements.
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]
Quoted Prices in
Active MarketsOtherSignificant
forObservableUnobservable
Identical AssetsInputsInputs
(Dollars in thousands)Amount(Level 1)(Level 2)(Level 3)
December 31, 2014:
Loans held for sale$ 1,974 1,974
Loans, net(1) 3,077 3,077
Other real estate owned 534 534
Other assets (2) 2,388 2,388
Total assets at fair value$ 7,973 1,974 5,999
December 31, 2013:
Loans held for sale$ 2,296 2,296
Loans, net(1) 5,305 5,305
Other real estate owned 3,884 3,884
Other assets (2) 2,350 2,350
Total assets at fair value$ 13,835 2,296 11,539
(1)Loans considered impaired under ASC 310-10-35 Receivables. This amount reflects the recorded investment in
impaired loans, net of any related allowance for loan losses.
(2)Represents MSRs, net, carried at lower of cost or estimated fair value.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
Year ended December 31
(Dollars in thousands)201420132012
Beginning balance $$ 652$ 1,986
Total realized and unrealized gains and (losses):
Included in net earnings (87) (6)
Included in other comprehensive income 41 146
Sales (606) (974)
Settlements (500)
Ending balance$$$ 652
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
Weighted
CarryingAverage
(Dollars in thousands)AmountValuation TechniqueSignificant Unobservable Inputof Input
Nonrecurring:
Impaired loans$ 3,077AppraisalAppraisal discounts (%)16.7%
Other real estate owned 534AppraisalAppraisal discounts (%)26.0%
Mortgage servicing rights, net 2,388Discounted cash flowPrepayment speed or CPR (%)9.6%
Discount rate (%)10.0%
Financial Instruments [Table Text Block]
Fair Value Hierarchy
Carrying EstimatedLevel 1Level 2Level 3
(Dollars in thousands)amountfair valueinputsinputsInputs
December 31, 2014:
Financial Assets:
Loans, net (1)$398,118$407,839$$$407,839
Loans held for sale1,9742,0442,044
Financial Liabilities:
Time Deposits$249,126$251,365$$251,365$
Long-term debt12,21712,55812,558
December 31, 2013:
Financial Assets:
Loans, net (1)$378,071$387,180$$$387,180
Loans held for sale2,2962,3102,310
Financial Liabilities:
Time Deposits$261,199$263,985$$263,985$
Long-term debt12,21712,56912,569
(1) Represents loans, net of unearned income and the allowance for loan losses.