XML 41 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value of Assets and Liabilities (Tables)
9 Months Ended
Sep. 30, 2018
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, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

  U.S. Treasury notes

 

$

13,572 

 

$

13,572 

 

$

 

$

  U.S. agency

 

 

14,742 

 

 

 

 

14,742 

 

 

  U.S. agency mortgage-backed, residential

 

 

72,066 

 

 

 

 

72,066 

 

 

  State and municipal

 

 

45,709 

 

 

 

 

45,709 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

  U.S. Treasury notes

 

$

14,071 

 

$

14,071 

 

$

 

$

  U.S. agency

 

 

17,303 

 

 

 

 

17,303 

 

 

  U.S. agency mortgage-backed, residential

 

 

75,175 

 

 

 

 

75,175 

 

 

  State and municipal

 

 

52,042 

 

 

 

 

52,042 

 

 



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, 2018

 

 

 

 

 

 

 

 

  Impaired loans

$

8,683 

$

$

$

8,683 

  Mortgage servicing rights

 

1,081 

 

 

 

1,081 



 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

 

 

 

 

 

  Impaired loans

$

1,331 

$

$

$

1,331 

  Mortgage servicing rights

 

769 

 

 

 

769 



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, 2018

 

 

 

 

 

 

 

 

 

  Impaired loans

$

311 

 

Appraisal (1)

 

Appraisal adjustments (2)

 

15% - 25%

23%

  Impaired loans

 

8,372 

 

Financial statements (3)

 

Valuation adjustments (2)

 

0% - 52%

50%

  Mortgage servicing rights

 

1,081 

 

Multiple of annual

 

Estimated prepayment speed         

 

7.2% - 8.3%

7.4%



 

 

 

service fee

 

based on rate and term

 

 

 

December 31, 2017

 

 

 

 

 

 

 

 

 

  Impaired loans

$

1,331 

 

Appraisal (1)

 

Appraisal adjustments (2)

 

24% - 52% 

38%

  Mortgage servicing rights

 

769 

 

Multiple of annual

 

Estimated prepayment speed         

 

6.9% - 8.5%

7.6%



 

 

 

service fee

 

based on rate and term

 

 

 



 

 

 

 

 

 

 

 

 

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

        that are not identifiable.

 

  (2) Appraisals and financial statement amounts may be adjusted downward by the Corporation's management for qualitative

       factors such as econcomic conditions and estimated liquidation expenses.  The range of liquidation expenses and other

       adjustments are a percent of the appraisal or financial statement book value.

 

  (3) Internal financial statements provided by customers.



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, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

85,348 

 

$

85,348 

 

$

85,348 

 

$

 

$

Securities available-for-sale

 

146,089 

 

 

146,089 

 

 

13,572 

 

 

132,517 

 

 

Restricted investment in bank stocks

 

6,122 

 

 

6,122 

 

 

 

 

6,122 

 

 

Loans held for sale

 

3,795 

 

 

3,928 

 

 

 

 

3,928 

 

 

Loans, net

 

1,475,793 

 

 

1,452,672 

 

 

 

 

 

 

1,452,672 

Interest receivable

 

5,142 

 

 

5,142 

 

 

 

 

5,142 

 

 

Mortgage servicing rights

 

876 

 

 

1,081 

 

 

 

 

 

 

1,081 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

$

1,470,259 

 

$

1,452,587 

 

$

 

$

1,452,587 

 

$

Short-term borrowings

 

8,624 

 

 

8,624 

 

 

 

 

8,624 

 

 

Long-term debt

 

135,310 

 

 

132,178 

 

 

 

 

123,740 

 

 

8,438 

Interest payable

 

865 

 

 

865 

 

 

 

 

865 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Off-balance sheet instruments

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

79,524 

 

$

79,524 

 

$

79,524 

 

$

 

$

Securities available-for-sale

 

158,591 

 

 

158,591 

 

 

14,071 

 

 

144,520 

 

 

Restricted investment in bank stocks

 

6,311 

 

 

6,311 

 

 

 

 

6,311 

 

 

Loans held for sale

 

1,715 

 

 

1,798 

 

 

 

 

1,798 

 

 

Loans, net

 

1,383,075 

 

 

1,368,753 

 

 

 

 

 

 

1,368,753 

Interest receivable

 

4,968 

 

 

4,968 

 

 

 

 

4,968 

 

 

Mortgage servicing rights

 

672 

 

 

769 

 

 

 

 

 

 

769 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

$

1,384,507 

 

$

1,369,008 

 

$

 

$

1,369,008 

 

$

Short-term borrowings

 

20,495 

 

 

20,495 

 

 

 

 

20,495 

 

 

Long-term debt

 

130,310 

 

 

127,586 

 

 

 

 

119,474 

 

 

8,112 

Interest payable

 

626 

 

 

626 

 

 

 

 

626 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Off-balance sheet instruments