XML 33 R22.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Measurement [Abstract]  
Financial Instruments Measured At Fair Value On Recurring Basis



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Fair Value



 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agencies

 

$

-    

 

$

28,247 

 

$

-    

 

$

28,247 

States and political subdivisions

 

 

-    

 

 

30,388 

 

 

-    

 

 

30,388 

Mortgage-backed securities

 

 

-    

 

 

89,665 

 

 

-    

 

 

89,665 

Mortgage servicing rights

 

 

-    

 

 

-    

 

 

571 

 

 

571 



 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

Securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agencies

 

$

-    

 

$

12,872 

 

$

-    

 

$

12,872 

States and political subdivisions

 

 

-    

 

 

35,142 

 

 

-    

 

 

35,142 

Mortgage-backed securities

 

 

-    

 

 

47,208 

 

 

-    

 

 

47,208 

Mortgage servicing rights

 

 

-    

 

 

-    

 

 

527 

 

 

527 



Changes In Fair Value For Mortgage Servicing Rights



 

 

 

 

 

 



 

 

 

 

 

 



 

Three months ended September 30,

(in thousands)

 

2017

 

2016

Mortgage servicing rights - July 1

 

$

555 

 

$

466 

Losses included in earnings

 

 

(25)

 

 

(22)

Additions from loan sales

 

 

41 

 

 

15 

Mortgage servicing rights - September 30

 

$

571 

 

$

459 







 

 

 

 

 

 



 

 

 

 

 

 



 

Nine months ended September 30,

(in thousands)

 

2017

 

2016

Mortgage servicing rights - January 1

 

$

527 

 

$

557 

Losses included in earnings

 

 

(46)

 

 

(147)

Additions from loan sales

 

 

90 

 

 

49 

Mortgage servicing rights - September 30

 

$

571 

 

$

459 





Quantitative Information About Significant Unobservable Inputs For MSRs



 

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

 

 



 

September 30, 2017

 

December 31, 2016

Servicing fees

 

0.25 

%

 

0.25 

%

Discount rate

 

9.52 

%

 

9.52 

%

Prepayment rate (CPR)

 

8.78 

%

 

8.12 

%



Financial Instruments Measured At Fair Value On Nonrecurring Basis



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Fair Value



 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Collateral dependent impaired loans

 

$

-    

 

$

-    

 

$

18,639 

 

$

18,639 



 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

Collateral dependent impaired loans

 

$

-    

 

$

-    

 

$

13,114 

 

$

13,114 



Estimated Fair Values Of Financial Instruments



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

September 30, 2017

 

December 31, 2016



 

Carrying

 

Fair

 

Carrying

 

Fair



 

Amount

 

Value

 

Amount

 

Value



 

 

(in thousands)

 

 

(in thousands)

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

18,055 

 

$

18,055 

 

$

13,084 

 

$

13,084 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

Available for sale securities

 

 

148,300 

 

 

148,300 

 

 

95,222 

 

 

95,222 

FHLB and FRB stock

 

 

4,312 

 

 

4,312 

 

 

3,731 

 

 

3,731 

Level 3:

 

 

 

 

 

 

 

 

 

 

 

 

Held to maturity securities

 

 

4,487 

 

 

4,472 

 

 

1,983 

 

 

1,959 

Loans, net

 

 

983,823 

 

 

977,975 

 

 

928,596 

 

 

945,998 

Mortgage servicing rights

 

 

571 

 

 

571 

 

 

527 

 

 

527 



 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

Demand deposits

 

$

216,250 

 

$

216,250 

 

$

201,741 

 

$

201,741 

NOW deposits

 

 

96,741 

 

 

96,741 

 

 

88,632 

 

 

88,632 

Savings deposits

 

 

552,559 

 

 

552,559 

 

 

508,652 

 

 

508,652 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

Securities sold under agreement to

 

 

 

 

 

 

 

 

 

 

 

 

repurchase

 

 

9,380 

 

 

9,380 

 

 

10,159 

 

 

10,159 

Other borrowed funds

 

 

33,600 

 

 

33,558 

 

 

28,200 

 

 

28,152 

Junior subordinated debentures

 

 

11,330 

 

 

11,330 

 

 

11,330 

 

 

11,330 

Level 3:

 

 

 

 

 

 

 

 

 

 

 

 

Time deposits

 

 

166,769 

 

 

168,389 

 

 

140,949 

 

 

141,758