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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value of Financial Instruments [Abstract]  
Fair Value, by Balance Sheet Grouping

The Company’s estimated fair values of financial instruments are presented in the following tables.

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

Fair Value Measurements


Description of Asset

(dollars in thousands)

 

Carrying Amount

 

Fair Value

 

Level 1

 

Level 2

 

Level 3

Assets

 

 

 

 

 

 

 

 

 

 

Investment securities - AFS

 

$             41,939 

 

$             41,939 

 

$                      - 

 

$             41,939 

 

$                      - 

Investment securities - HTM

 

84,506 

 

84,915 

 

850 

 

84,065 

 

 -

FHLB and FRB Stock

 

6,434 

 

6,434 

 

 -

 

6,434 

 

 -

Loans Receivable

 

862,409 

 

861,427 

 

 -

 

861,427 

 

 -

Investment in BOLI

 

27,021 

 

27,021 

 

 -

 

27,021 

 

 -

Liabilities

 

 

 

 

 

 

 

 

 

 

  Savings, NOW and money

      market accounts

 

$           483,973 

 

$           483,973 

 

$                      - 

 

$           483,973 

 

$                      - 

Time deposits

 

385,411 

 

386,510 

 

 -

 

386,510 

 

 -

Long-term debt

 

74,672 

 

77,919 

 

 -

 

77,919 

 

 -

Short term borrowings

 

2,000 

 

2,000 

 

 -

 

2,000 

 

 -

TRUPs

 

12,000 

 

7,400 

 

 -

 

7,400 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

Fair Value Measurements


Description of Asset

(dollars in thousands)

 

Carrying Amount

 

Fair Value

 

Level 1

 

Level 2

 

Level 3

Assets

 

 

 

 

 

 

 

 

 

 

Investment securities - AFS

 

$             48,247 

 

$             48,247 

 

$                      - 

 

$             48,247 

 

$                      - 

Investment securities - HTM

 

86,401 

 

86,091 

 

750 

 

85,341 

 

 -

FHLB and FRB Stock

 

5,593 

 

5,593 

 

 -

 

5,593 

 

 -

Loans Receivable

 

799,130 

 

793,449 

 

 -

 

793,449 

 

 -

Investment in BOLI

 

19,350 

 

19,350 

 

-

 

19,350 

 

-

Liabilities

 

 

 

 

 

 

 

 

 

 

  Savings, NOW and money

      market accounts

 

$           433,984 

 

$           433,984 

 

$                      - 

 

$           433,984 

 

$                      - 

Time deposits

 

387,311 

 

389,705 

 

 -

 

389,705 

 

 -

Long-term debt

 

70,476 

 

71,960 

 

 -

 

71,960 

 

 -

TRUPs

 

12,000 

 

2,400 

 

 -

 

2,400 

 

 -