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Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2014
Fair Value of Financial Instruments [Abstract]  
Financial assets accounted for at fair value on a nonrecurring basis
The following table sets forth financial assets that were accounted for at fair value on a nonrecurring and recurring basis by level within the fair value hierarchy as of December 31, 2014:

    
December 31, 2014
Fair Value Measurement Using:
 
  
December 31, 2014
  
Quoted Prices in
Active Markets
For Identical
Assets
(Level 1)
  
Significant Other
Observable
Inputs
(Level 2)
  
Significant Unobservable
Inputs
(Level 3)
 
  
(dollars in thousands)
 
Nonrecurring fair value measurements
        
Impaired loans
 
$
15,959
  
$
-
  
$
-
  
$
15,959
 
Foreclosed real estate
  
1,947
   
-
   
-
   
1,947
 
Total nonrecurring fair value measurements
 
$
17,906
  
$
-
  
$
-
  
$
17,906
 
                 
Recurring fair value measurements
                
Mortgage servicing rights
 
$
658
  
$
-
  
$
-
  
$
658
 
Rate lock commitments
  
139
   
-
   
139
   
-
 
Mandatory forward contracts
  
(59
)
  
-
   
(59
)
  
-
 
Total recurring fair value measurements
 
$
738
  
$
-
  
$
80
  
$
658
 
 
The following table sets forth financial assets that were accounted for at fair value on a nonrecurring and recurring basis by level within the fair value hierarchy as of December, 31, 2013:
 
    
December 31, 2013
Fair Value Measurement Using:
 
  
December 31, 2013
  
Quoted Prices in
Active Markets
For Identical
Assets
(Level 1)
  
Significant Other
Observable
Inputs
(Level 2)
  
Significant Unobservable
Inputs
(Level 3)
 
  
(dollars in thousands)
 
Nonrecurring fair value measurements
        
Impaired loans
 
$
16,553
  
$
-
  
$
-
  
$
16,553
 
Foreclosed real estate
  
8,972
   
-
   
-
   
8,972
 
Total nonrecurring fair value measurements
 
$
25,525
  
$
-
  
$
-
  
$
25,525
 
                 
Recurring fair value measurements
                
Mortgage servicing rights
 
$
723
  
$
-
  
$
-
  
$
723
 
Assets measured at fair value on a nonrecurring basis utilizing level 3 input
The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Bancorp has utilized Level 3 inputs to determine fair value:

  Quantitative Information about Level 3 Fair Value Measurements
  
Fair Value Estimate
 
Valuation Techniques
Unobservable Input
 
Range (Weighted Average)
 
December 31, 2014
      
Impaired loans
 
$
15,589
 
PV of future cash flows (1)
Discount Rate
  
-6.00
%
  
$
370
 
Appraisal of collateral (2)
Liquidation expenses (3)
  
-6.00
%
           
Foreclosed real estate
 
$
1,947
 
Appraisal of  collateral (2),(4)
Appraisal adjustments (3)
 
-6.51% to -100% (-13.94
%)
           
December 31, 2013
          
Impaired loans
 
$
15,942
 
PV of future cash flows (1)
Discount Rate
  
-6.00
%
  
$
611
 
Appraisal of collateral (2)
Liquidation expenses (3)
  
-6.00
%
           
Foreclosed real estate
 
$
8,972
 
Appraisal of  collateral (2),(4)
Appraisal adjustments (3)
 
-6.00% to -44.08% (-12.69
%)
                   
 
 (1)Cash flow which generally include various level 3 inputs which are not identifiable.
 (2)Fair value is generally determined through independent appraisals for the underlying collateral, which generally include various level 3 inputs which are not identifiable.
 (3)Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.  The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
 (4)Includes qualitative adjustments by management and estimated liquidation expenses.
Estimated fair values of financial instruments
The estimated fair values of Bancorp's financial instruments as of December 31, 2014 and December 31, 2013 were as follows:
 
    
Fair Value Measurement at
December 31, 2014
 
  
Carrying
Amount
  
Fair
Value
  
Quoted Prices in
Active Markets
For Identical
Assets
(Level 1)
  
Significant Other
Observable
Inputs
(Level 2)
  
Significant Unobservable
Inputs
(Level 3)
 
  
(dollars in thousands)
 
Financial Assets
          
Cash and cash equivalents
 
$
33,335
  
$
33,335
  
$
33,335
  
$
-
  
$
-
 
Investment securities (HTM)
  
59,616
   
60,123
   
-
   
60,123
   
-
 
Loans held for sale
  
7,165
   
7,211
   
-
   
7,211
   
-
 
Loans receivable, net
  
633,882
   
636,728
   
-
   
-
   
636,728
 
FHLB stock
  
5,936
   
5,936
   
-
   
5,936
   
-
 
Accrued interest receivable
  
2,297
   
2,297
   
-
   
2,297
   
-
 
Mortgage servicing rights
  
658
   
-
   
-
   
-
   
658
 
Rate lock commitments
  
416
   
-
   
-
   
416
   
-
 
Mandatory forward contracts
  
4
   
-
   
-
   
4
   
-
 
Financial Liabilities
                    
Deposits
 
$
543,814
  
$
544,751
   
-
   
544,751
   
-
 
FHLB advances
  
115,000
   
108,859
   
-
   
108,859
   
-
 
Subordinated debentures
  
24,119
   
24,119
   
-
   
-
   
24,119
 
Accrued interest payable
  
2,136
   
2,136
   
-
   
2,136
   
-
 
                     
Off Balance Sheet Commitments
 
$
-
  
$
-
  
$
-
  
$
-
  
$
-
 

  
Fair Value Measurement at
December 31, 2013
 
  
Carrying
Amount
  
Fair
Value
  
Quoted Prices in
Active Markets
For Identical
Assets
(Level 1)
  
Significant Other
Observable
Inputs
(Level 2)
  
Significant Unobservable
Inputs
(Level 3)
 
  
(dollars in thousands)
 
           
Financial Assets
          
Cash and cash equivalents
 
$
98,376
  
$
98,376
  
$
98,376
  
$
-
  
$
-
 
Investment securities (HTM)
  
44,661
   
45,213
   
-
   
45,213
   
-
 
Loans held for sale
  
3,726
   
3,825
   
-
   
3,825
   
-
 
Loans receivable, net
  
602,813
   
631,032
   
-
   
-
   
631,032
 
FHLB stock
  
6,190
   
6,190
   
-
   
6,190
   
-
 
Accrued interest receivable
  
2,353
   
2,353
   
-
   
2,353
   
-
 
Mortgage servicing rights
  
723
   
723
   
-
   
-
   
723
 
Financial Liabilities
                    
Deposits
 
$
571,249
  
$
573,371
   
-
   
573,371
   
-
 
FHLB advances
  
115,000
   
106,876
   
-
   
106,876
   
-
 
Subordinated debentures
  
24,119
   
24,119
   
-
   
-
   
24,119
 
Accrued interest payable
  
1,375
   
1,375
   
-
   
1,375
   
-
 
                     
Off Balance Sheet Commitments
 
$
-
  
$
-
  
$
-
  
$
-
  
$
-