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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value of Financial Instruments [Abstract]  
Fair Value, by Balance Sheet Grouping

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2015

 

 

 

 

 

Fair Value Measurements


Description of Asset

(dollars in thousands)

 

Carrying Amount

 

Fair Value

 

Level 1

 

Level 2

 

Level 3

Assets

 

 

 

 

 

 

 

 

 

 

Investment securities - AFS

 

$             38,378 

 

$             38,378 

 

$                      - 

 

$             38,378 

 

$                      - 

Investment securities - HTM

 

85,985 

 

86,215 

 

750 

 

85,465 

 

 -

FHLB and FRB Stock

 

6,550 

 

6,550 

 

 -

 

6,550 

 

 -

Loans Receivable

 

885,914 

 

889,088 

 

 -

 

889,088 

 

 -

Investment in BOLI

 

27,432 

 

27,432 

 

 -

 

27,432 

 

 -

Liabilities

 

 

 

 

 

 

 

 

 

 

  Savings, NOW and money market accounts

 

$           511,294 

 

$           511,294 

 

$                      - 

 

$           511,294 

 

$                      - 

Time deposits

 

389,091 

 

389,983 

 

 -

 

389,983 

 

 -

Long-term debt

 

70,645 

 

72,996 

 

 -

 

72,996 

 

 -

Short term borrowings

 

12,000 

 

12,004 

 

 -

 

12,004 

 

 -

TRUPs

 

12,000 

 

8,200 

 

 -

 

8,200 

 

 -

Subordinated notes

 

23,000 

 

23,000 

 

 -

 

23,000 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 

 

 -