Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value Measurements [Abstract]

Fair Value, Assets Measured on Recurring Basis

The tables below present the recorded amount of assets as of December 31, 2016 and December 31, 2015 measured at fair value on a recurring basis.

(dollars in thousands)	December 31, 2016
Description of Asset	Fair Value	Level 1	Level 2	Level 3
Available for sale securities
Asset-backed securities issued by GSEs and U.S. Agencies
CMOs	$           34,228	$                    -	$           34,228	$                    -
MBS	4,183	-	4,183	-
U.S. Agency	10,172	-	10,172	-
Corporate equity securities	37	-	37	-
Bond mutual funds	4,413	-	4,413	-
Total available for sale securities	$           53,033	$                    -	$           53,033	$                    -

(dollars in thousands)	December 31, 2015
Description of Asset	Fair Value	Level 1	Level 2	Level 3
Available for sale securities
Asset-backed securities issued by GSEs
CMOs	$           30,664	$                    -	$           30,664	$                    -
MBS	26	-	26	-
Corporate equity securities	39	-	39	-
Bond mutual funds	4,387	-	4,387	-
Total available for sale securities	$           35,116	$                    -	$           35,116	$                    -

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

Assets measured at fair value on a nonrecurring basis as of December 31, 2016 and 2015 are included in the tables below.

(dollars in thousands)	December 31, 2016
Description of Asset	Fair Value	Level 1	Level 2	Level 3
Loans with impairment
Commercial real estate	$            6,275	$                    -	$                    -	$            6,275
Residential first mortgages	468	-	-	468
Residential rentals	142	-	-	142
Construction and land development	673	-	-	673
Commercial loans	77	-	-	77
Total loans with impairment	$            7,635	$                    -	$                    -	$            7,635
Premises and equipment held for sale	$               345	$                    -	$               345	$                    -
Other real estate owned	$            7,763	$                    -	$                    -	$            7,763

(dollars in thousands)	December 31, 2015
Description of Asset	Fair Value	Level 1	Level 2	Level 3
Loans with impairment
Commercial real estate	$            1,765	$                    -	$                    -	$            1,765
Residential first mortgages	469	-	-	469
Residential rentals	141	-	-	141
Construction and land development	33	-	-	33
Commercial loans	50	-	-	50
Total loans with impairment	$            2,458	$                    -	$                    -	$            2,458
Premises and equipment held for sale	$            2,000	$                    -	$            2,000	$                    -
Other real estate owned	$            9,449	$                    -	$                    -	$            9,449

Unobservable Inputs Used In Level 3 Fair Value Measurements [Table Text Block]

The following tables provide information describing the unobservable inputs used in Level 3 fair value measurements.

December 31, 2016
(dollars in thousands)
Description of Asset	Fair Value	Valuation Technique	Unobservable Inputs	Range (Weighted Average)
Loans with impairment	$            7,635	Third party appraisals and in-house real estate evaluations of fair value	Management discount for property type and current market conditions	0%-50%  (10%)
Other real estate owned	$            7,763	Third party appraisals and in-house real estate evaluations of fair value	Management discount for property type and current market conditions	0%-50%  (15%)
December 31, 2015
(dollars in thousands)
Description of Asset	Fair Value	Valuation Technique	Unobservable Inputs	Range (Weighted Average)
Loans with impairment	$            2,458	Third party appraisals and in-house real estate evaluations of fair value	Management discount for property type and current market conditions	0%-50%  (10%)
Other real estate owned	$            9,449	Third party appraisals and in-house real estate evaluations of fair value	Management discount for property type and current market conditions	0%-50%  (15%)