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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value of Financial Instruments [Abstract]  
Fair Value, by Balance Sheet Grouping





 

 

 

 

 

 

 

 

 

 

June 30, 2017

 

 

 

 

 

Fair Value Measurements


Description of Asset (dollars in thousands)

 

Carrying Amount

 

Fair Value

 

Level 1

 

Level 2

 

Level 3

Assets

 

 

 

 

 

 

 

 

 

 

Investment securities - AFS

 

$             54,288 

 

$             54,288 

 

$                      - 

 

$             54,288 

 

$                      - 

Investment securities - HTM

 

106,842 

 

106,775 

 

1,000 

 

105,775 

 

 -

FHLB Stock

 

7,745 

 

7,745 

 

 -

 

7,745 

 

 -

Loans Receivable

 

1,132,429 

 

1,098,387 

 

 -

 

 -

 

1,098,387 

Investment in BOLI

 

29,011 

 

29,011 

 

 -

 

29,011 

 

 -



 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

   Savings, NOW and money market accounts

 

$           638,819 

 

$           638,819 

 

$                      - 

 

$           638,819 

 

$                      - 

Time deposits

 

448,987 

 

449,761 

 

 -

 

449,761 

 

 -

Long-term debt

 

65,529 

 

67,999 

 

 -

 

67,999 

 

 -

Short term borrowings

 

88,500 

 

88,283 

 

 -

 

88,283 

 

 -

TRUPs

 

12,000 

 

8,500 

 

 -

 

8,500 

 

 -

Subordinated notes

 

23,000 

 

23,000 

 

 -

 

23,000 

 

 -





 



 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

 

 

 

 

Fair Value Measurements


Description of Asset (dollars in thousands)

 

Carrying Amount

 

Fair Value

 

Level 1

 

Level 2

 

Level 3

Assets

 

 

 

 

 

 

 

 

 

 

Investment securities - AFS

 

$             53,033 

 

$             53,033 

 

$                      - 

 

$             53,033 

 

$                      - 

Investment securities - HTM

 

109,247 

 

108,034 

 

850 

 

107,184 

 

 -

FHLB Stock

 

7,235 

 

7,235 

 

 -

 

7,235 

 

 -

Loans Receivable

 

1,079,519 

 

1,066,975 

 

 -

 

 -

 

1,066,975 

Investment in BOLI

 

28,625 

 

28,625 

 

 -

 

28,625 

 

 -



 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

   Savings, NOW and money market accounts

 

$           606,033 

 

$           606,033 

 

$                      - 

 

$           606,033 

 

$                      - 

Time deposits

 

432,792 

 

433,242 

 

 -

 

433,242 

 

 -

Long-term debt

 

65,559 

 

66,302 

 

 -

 

66,302 

 

 -

Short term borrowings

 

79,000 

 

78,984 

 

 -

 

78,984 

 

 -

TRUPs

 

12,000 

 

8,100 

 

 -

 

8,100 

 

 -

Subordinated notes

 

23,000 

 

23,000 

 

 -

 

23,000 

 

 -