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Fair Value of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2018
Fair Value of Financial Instruments [Abstract]  
Fair Value, by Balance Sheet Grouping





 

 

 

 

 

 

 

 

 

 

September 30, 2018

 

 

 

 

 

Fair Value Measurements


Description of Asset (dollars in thousands)

 

Carrying Amount

 

Fair Value

 

Level 1

 

Level 2

 

Level 3

Assets

 

 

 

 

 

 

 

 

 

 

Investment securities - AFS

 

$           107,962 

 

$           107,962 

 

$                      - 

 

$           107,962 

 

$                      - 

Investment securities - HTM

 

 97,217 

 

 93,811 

 

 994 

 

 92,817 

 

 -

Equity securities carried at fair value through income

 

 4,359 

 

 4,359 

 

 -

 

 4,359 

 

 -

Non-marketable equity securities in

  other financial institutions

 

 249 

 

 249 

 

 

 

 249 

 

 

FHLB Stock

 

 2,547 

 

 2,547 

 

 -

 

 2,547 

 

 -

Net loans receivable

 

 1,297,915 

 

 1,263,046 

 

 -

 

 -

 

 1,263,046 

Investment in BOLI

 

 36,071 

 

 36,071 

 

 -

 

 36,071 

 

 -



 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

   Savings, NOW and money market accounts

 

$        1,010,492 

 

$        1,010,492 

 

$                      - 

 

$        1,010,492 

 

$                      - 

Time deposits

 

 441,879 

 

 440,159 

 

 -

 

 440,159 

 

 -

Long-term debt

 

 20,451 

 

 20,419 

 

 -

 

 20,419 

 

 -

Short term borrowings

 

 5,000 

 

 4,998 

 

 -

 

 4,998 

 

 -

TRUPs

 

 12,000 

 

 10,717 

 

 -

 

 10,717 

 

 -

Subordinated notes

 

 23,000 

 

 23,133 

 

 -

 

 23,133 

 

 -



See the Company’s methodologies disclosed in Note 20 of the Company’s 2017 Form 10-K for the fair value methodologies used as of December 31, 2017:



 



 

 

 

 

 

 

 

 

 

 

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

 

$             68,164 

 

$             68,164 

 

$                      - 

 

$             68,164 

 

$                      - 

Investment securities - HTM

 

 99,246 

 

 98,007 

 

 1,000 

 

 97,007 

 

 -

Non-marketable equity securities

    in other financial institutions

 

 121 

 

 121 

 

 -

 

 121 

 

 -

FHLB Stock

 

 7,276 

 

 7,276 

 

 -

 

 7,276 

 

 -

Net 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 

 

 -