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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Measurements [Abstract]  
Financial Instruments Measured At Fair Value On Recurring Basis



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Fair Value



 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

Securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agencies

 

$

-    

 

$

15,323 

 

$

-    

 

$

15,323 

States and political subdivisions

 

 

-    

 

 

37,144 

 

 

-    

 

 

37,144 

Mortgage-backed securities

 

 

-    

 

 

50,918 

 

 

-    

 

 

50,918 

Mortgage servicing rights

 

 

-    

 

 

-    

 

 

459 

 

 

459 



 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

Securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agencies

 

$

-    

 

$

21,846 

 

$

-    

 

$

21,846 

States and political subdivisions

 

 

-    

 

 

37,683 

 

 

-    

 

 

37,683 

Mortgage-backed securities

 

 

-    

 

 

37,612 

 

 

-    

 

 

37,612 

Mortgage servicing rights

 

 

-    

 

 

-    

 

 

557 

 

 

557 



Changes In Fair Value For Mortgage Servicing Rights



 

 

 

 

 

 



 

 

 

 

 

 



 

Three months ended September 30,

(in thousands)

 

2016

 

2015

Mortgage servicing rights - July 1

 

$

466 

 

$

565 

Losses included in earnings

 

 

(22)

 

 

(46)

Additions from loan sales

 

 

15 

 

 

30 

Mortgage servicing rights - September 30

 

$

459 

 

$

549 









 

 

 

 

 

 



 

 

 

 

 

 



 

Nine months ended September 30,

(in thousands)

 

2016

 

2015

Mortgage servicing rights - January 1

 

$

557 

 

$

518 

Losses included in earnings

 

 

(147)

 

 

(87)

Additions from loan sales

 

 

49 

 

 

118 

Mortgage servicing rights - September 30

 

$

459 

 

$

549 



Quantitative Information About Significant Unobservable Inputs For MSRs



 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

 

 



 

September 30, 2016

 

December 31, 2015

Servicing fees

 

0.25 

%

 

0.25 

%

Discount rate

 

9.52 

%

 

9.52 

%

Prepayment rate (CPR)

 

10.22 

%

 

8.55 

%



Financial Instruments Measured At Fair Value On Nonrecurring Basis



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

Level 1

 

Level 2

 

Level 3

 

 

Fair Value



 

 

 

 

 

 

 

 

 

 

September 30, 2016

 

 

 

 

 

 

 

 

 

 

Collateral dependent impaired loans

 

$

-    

 

-    

 

16,413 

 

$

16,413 



 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

Collateral dependent impaired loans

 

$

-    

 

-    

 

17,758 

 

$

17,758 



Estimated Fair Values Of Financial Instruments



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

September 30, 2016

 

December 31, 2015



 

Carrying

 

Fair

 

Carrying

 

Fair



 

Amount

 

Value

 

Amount

 

Value



 

 

(in thousands)

 

 

(in thousands)

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

19,227 

 

$

19,227 

 

$

22,621 

 

$

22,621 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale securities

 

 

103,385 

 

 

103,385 

 

 

97,141 

 

 

97,141 

FHLB and FRB stock

 

 

4,730 

 

 

4,730 

 

 

2,783 

 

 

2,783 

Level 3:

 

 

 

 

 

 

 

 

 

 

 

 

Held to maturity securities

 

 

1,474 

 

 

1,475 

 

 

1,617 

 

 

1,584 

Loans, net

 

 

899,140 

 

 

920,249 

 

 

761,101 

 

 

772,472 

Mortgage servicing rights

 

 

459 

 

 

459 

 

 

557 

 

 

557 



 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

Demand deposits

 

$

195,869 

 

$

195,869 

 

$

183,098 

 

$

183,098 

NOW deposits

 

 

87,047 

 

 

87,047 

 

 

83,674 

 

 

83,674 

Regular savings deposits

 

 

496,926 

 

 

496,926 

 

 

439,993 

 

 

439,993 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

Securities sold under agreement to

 

 

 

 

 

 

 

 

 

 

 

 

repurchase

 

 

11,606 

 

 

11,606 

 

 

10,821 

 

 

10,821 

Other borrowed funds

 

 

51,200 

 

 

51,325 

 

 

10,000 

 

 

9,874 

Junior subordinated debentures

 

 

11,330 

 

 

11,330 

 

 

11,330 

 

 

11,330 

Level 3:

 

 

 

 

 

 

 

 

 

 

 

 

Time deposits

 

 

118,123 

 

 

119,073 

 

 

96,217 

 

 

96,975