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Fair Value Of Assets And Liabilities (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Of Assets And Liabilities [Abstract]  
Schedule Of Assets Measured At Fair Value On 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, 2016

 

 

 

 

 

 

 

 

 

 

 

 

Securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

  U.S. Treasury notes

 

$

9,937 

 

$

9,937 

 

$

 

$

  U.S. agency

 

 

21,032 

 

 

 

 

21,032 

 

 

  U.S. agency mortgage-backed, residential

 

 

100,153 

 

 

 

 

100,153 

 

 

  State and municipal

 

 

69,251 

 

 

 

 

69,251 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

Securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

  U.S. agency

 

$

17,414 

 

$

 

$

17,414 

 

$

  U.S. agency mortgage-backed, residential

 

 

120,581 

 

 

 

 

120,581 

 

 

  State and municipal

 

 

75,475 

 

 

 

 

75,475 

 

 



Schedule Of Assets Measured At Fair Value On 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, 2016

 

 

 

 

 

 

 

 

  Impaired loans

$

570 

$

$

$

570 

  Foreclosed real estate

 

1,630 

 

 

 

1,630 

  Mortgage servicing rights

 

209 

 

 

 

209 



 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

  Impaired loans

$

1,846 

$

$

$

1,846 

  Foreclosed real estate

 

2,003 

 

 

 

2,003 



Schedule Of Level 3 Assets Measured At Fair Value On 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, 2016

 

 

 

 

 

 

 

 

 

  Impaired loans

$

570 

 

Appraisal (1)

 

Appraisal adjustments (2)

 

15% - 25% 

24%

  Foreclosed real estate

 

1,630 

 

Appraisal (1)

 

Appraisal adjustments (2)

 

9% - 19% 

19%

  Mortgage servicing rights

 

209 

 

Multiple of annual

 

Estimated prepayment speed         

 

231% - 405%

378%



 

 

 

service fee

 

based on rate and term

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

  Impaired loans

$

1,846 

 

Appraisal (1)

 

Appraisal adjustments (2)

 

15% - 25% 

16%

  Foreclosed real estate

 

2,003 

 

Appraisal (1)

 

Appraisal adjustments (2)

 

7% - 38%

34%



 

 

 

 

 

 

 

 

 

  (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 Carrying Amounts And Estimated Fair Values Of 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, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

46,135 

 

$

46,135 

 

$

46,135 

 

$

 

$

Securities available-for-sale

 

200,373 

 

 

200,373 

 

 

9,937 

 

 

190,436 

 

 

Restricted investment in bank stocks

 

4,526 

 

 

4,526 

 

 

 

 

4,526 

 

 

Loans held for sale

 

3,318 

 

 

3,422 

 

 

 

 

3,422 

 

 

Loans, net

 

1,193,617 

 

 

1,202,404 

 

 

 

 

 

 

1,202,404 

Interest receivable

 

3,614 

 

 

3,614 

 

 

 

 

3,614 

 

 

Mortgage servicing rights

 

209 

 

 

209 

 

 

 

 

 

 

209 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

$

1,222,095 

 

$

1,223,310 

 

$

 

$

1,223,310 

 

$

Short-term borrowings

 

31,061 

 

 

31,061 

 

 

 

 

31,061 

 

 

Long-term debt

 

105,310 

 

 

103,213 

 

 

 

 

95,995 

 

 

7,218 

Interest payable

 

468 

 

 

468 

 

 

 

 

468 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Off-balance sheet instruments

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

57,485 

 

$

57,485 

 

$

57,485 

 

$

 

$

Securities available-for-sale

 

213,470 

 

 

213,470 

 

 

 

 

213,470 

 

 

Restricted investment in bank stocks

 

5,028 

 

 

5,028 

 

 

 

 

5,028 

 

 

Loans held for sale

 

564 

 

 

574 

 

 

 

 

574 

 

 

Loans, net

 

1,110,507 

 

 

1,119,758 

 

 

 

 

 

 

1,119,758 

Interest receivable

 

4,003 

 

 

4,003 

 

 

 

 

4,003 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

$

1,094,149 

 

$

1,092,819 

 

$

 

$

1,092,819 

 

$

Short-term borrowings

 

74,510 

 

 

74,510 

 

 

 

 

74,510 

 

 

Long-term debt

 

120,310 

 

 

117,041 

 

 

 

 

110,195 

 

 

6,846 

Interest payable

 

468 

 

 

468 

 

 

 

 

468 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Off-balance sheet instruments