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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017

 

 

 

 

 

Fair Value Measurements


Description of Asset (dollars in thousands)

 

Carrying Amount

 

Fair Value

 

Level 1

 

Level 2

 

Level 3

Assets

 

 

 

 

 

 

 

 

 

 

Investment securities - AFS

 

$             68,285 

 

$             68,285 

 

$                      - 

 

$             68,285 

 

$                      - 

Investment securities - HTM

 

99,246 

 

98,007 

 

1,000 

 

97,007 

 

 -

FHLB Stock

 

7,276 

 

7,276 

 

 -

 

7,276 

 

 -

Loans Receivable

 

1,140,615 

 

1,097,592 

 

 -

 

 -

 

1,097,592 

Investment in BOLI

 

29,398 

 

29,398 

 

 -

 

29,398 

 

 -



 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

   Savings, NOW and money market accounts

 

$           654,632 

 

$           654,632 

 

$                      - 

 

$           654,632 

 

$                      - 

Time deposits

 

451,605 

 

453,644 

 

 -

 

453,644 

 

 -

Long-term debt

 

55,498 

 

57,421 

 

 -

 

57,421 

 

 -

Short term borrowings

 

87,500 

 

87,208 

 

 -

 

87,208 

 

 -

TRUPs

 

12,000 

 

9,400 

 

 -

 

9,400 

 

 -

Subordinated notes

 

23,000 

 

22,400 

 

 -

 

22,400 

 

 -



 



 

 

 

 

 

 

 

 

 

 

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 

 

 -