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Fair Value Of Assets And Liabilities (Tables)
9 Months Ended
Sep. 30, 2013
Fair Value Of Assets And Liabilities [Abstract]  
Schedule Of Financial Assets Measured At Fair Value On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

(Level 3)

 

 

 

 

 

Quoted Prices in

 

Significant Other

 

Significant Other

 

 

 

 

 

Active Markets for

 

Observable

 

Unobservable

(dollars in thousands)

 

Total

 

Identical Assets

 

Inputs

 

Inputs

September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

Securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 U.S. Treasury notes

 

$

1,505 

 

$

1,505 

 

$

 

$

 U.S. agency

 

 

52,859 

 

 

 

 

52,859 

 

 

 U.S. agency mortgage-backed, residential

 

 

91,321 

 

 

 

 

91,321 

 

 

 State and municipal

 

 

93,444 

 

 

 

 

93,444 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

Securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 U.S. Treasury notes

 

$

5,032 

 

$

5,032 

 

$

 

$

 U.S. agency

 

 

38,058 

 

 

 

 

38,058 

 

 

 U.S. agency mortgage-backed, residential

 

 

88,233 

 

 

 

 

88,233 

 

 

 State and municipal

 

 

102,739 

 

 

 

 

102,739 

 

 

 

Schedule Of Financial Assets Measured At Fair Value On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

 

Quoted Prices in

 

 

 

Significant Other

 

 

 

 

Active Markets for

 

Significant Other

 

Unobservable

(dollars in thousands)

 

Total

 

Identical Assets

 

Observable Inputs

 

Inputs

September 30, 2013

 

 

 

 

 

 

 

 

 Impaired loans

$

2,702 

$

$

$

2,702 

 Foreclosed real estate

 

2,536 

 

 

 

2,536 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 Impaired loans

$

4,493 

$

$

$

4,493 

 Foreclosed real estate

 

2,779 

 

 

 

2,779 

 

Schedule Level 3 Assets Measured At Fair Value On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quantitative Information about Level 3 Fair Value Measurements

 

 

Fair Value

 

Valuation

Unobservable

 

Weighted

(dollars in thousands)

 

Estimate

 

Techniques

Input

Range

Average

September 30, 2013

 

 

 

 

 

 

 

 

 

 Impaired loans

$

2,702 

 

Appraisal

(1)

Appraisal adjustments

(2)

20% - 30% 

26%

 Foreclosed real estate

 

2,536 

 

Appraisal

(1)

Appraisal adjustments

(2)

8% - 67%

49%

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 Impaired loans

$

4,493 

 

Appraisal

(1)

Appraisal adjustments

(2)

10% - 100% 

27%

 Foreclosed real estate

 

2,779 

 

Appraisal

(1)

Appraisal adjustments

(2)

5% - 100%

12%

 

 

 

 

 

 

 

 

 

 

 (1) Fair value is generally determined through independent appraisals, which generally include various level 3 inputs

       that are not identifiable.

 

 (2) Appraisals may be adjusted downward by the Corporation's management for qualitative factors such as economic

      conditions and estimated liquidation expenses.  The range of liquidation expenses and other appraisal

 

      adjustments are presented as a percent of the appraisal.

 

 

Schedule Of Estimated Fair Values Of Corporation's Financial Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Estimates

 

 

 

 

 

 

 

 

(Level 1)

 

(Level 2)

 

 

(Level 3)

 

 

 

 

 

 

 

 

Quoted Prices

 

Significant

 

Significant

 

 

 

 

 

 

 

 

in Active

 

Other

 

Other

 

 

Carrying

 

Estimated

 

Markets for

 

Observable

 

Unobservable

(dollars in thousands)

 

Amount

 

Fair Value

 

Identical Assets

 

Inputs

 

Inputs

September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

17,147 

 

$

17,147 

 

$

17,147 

 

$

 

$

Securities available-for-sale

 

 

239,129 

 

 

239,129 

 

 

1,505 

 

 

237,624 

 

 

Restricted investment in bank stocks

 

 

3,608 

 

 

3,608 

 

 

 

 

3,608 

 

 

Loans held for sale

 

 

1,826 

 

 

1,862 

 

 

 

 

1,862 

 

 

Loans, net

 

 

804,212 

 

 

827,862 

 

 

 

 

 

 

827,862 

Interest receivable

 

 

3,518 

 

 

3,518 

 

 

 

 

3,518 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

922,315 

 

$

924,503 

 

$

 

$

924,503 

 

$

Short-term borrowings

 

 

31,535 

 

 

31,535 

 

 

 

 

31,535 

 

 

Long-term debt

 

 

50,513 

 

 

46,346 

 

 

 

 

40,243 

 

 

6,103 

Interest payable

 

 

376 

 

 

376 

 

 

 

 

376 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Off-balance sheet instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

49,757 

 

$

49,757 

 

$

49,757 

 

$

 

$

Securities available-for-sale

 

 

234,062 

 

 

234,062 

 

 

5,032 

 

 

229,030 

 

 

Restricted investment in bank stocks

 

 

2,863 

 

 

2,863 

 

 

 

 

2,863 

 

 

Loans held for sale

 

 

3,091 

 

 

3,151 

 

 

 

 

3,151 

 

 

Loans, net

 

 

727,832 

 

 

753,299 

 

 

 

 

 

 

753,299 

Interest receivable

 

 

3,579 

 

 

3,579 

 

 

 

 

3,579 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

901,307 

 

$

907,439 

 

$

 

$

907,439 

 

$

Short-term borrowings

 

 

19,356 

 

 

19,356 

 

 

 

 

19,356 

 

 

Long-term debt

 

 

30,815 

 

 

26,568 

 

 

 

 

21,289 

 

 

5,279 

Interest payable

 

 

470 

 

 

470 

 

 

 

 

470 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Off-balance sheet instruments