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Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2016
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, 2016:

     
December 31, 2016
Fair Value Measurement Using:
 
  
December 31, 2016
  
QuotedPrices 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
 
$
15,056
  
$
-
  
$
-
  
$
15,056
 
Foreclosed real estate
  
767
   
-
   
-
   
767
 
Total nonrecurring fair value measurements
 
$
15,823
  
$
-
  
$
-
  
$
15,823
 
                 
Recurring fair value measurements
                
Mortgage servicing rights
 
$
557
  
$
-
  
$
-
  
$
557
 
Rate lock commitments
  
162
   
-
   
162
   
-
 
Mandatory forward contracts
  
153
   
-
   
153
   
-
 
Total recurring fair value measurements
 
$
872
  
$
-
  
$
315
  
$
557
 
 
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, 2015:

     
December 31, 2015
Fair Value Measurement Using:
 
  
December 31, 2015
  
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
 
$
17,103
  
$
-
  
$
-
  
$
17,103
 
Foreclosed real estate
  
543
   
-
   
-
   
543
 
Total nonrecurring fair value measurements
 
$
17,646
  
$
-
  
$
-
  
$
17,646
 
                 
Recurring fair value measurements
                
Mortgage servicing rights
 
$
623
  
$
-
  
$
-
  
$
623
 
Rate lock commitments
  
141
   
-
   
141
   
-
 
Mandatory forward contracts
  
111
   
-
   
111
   
-
 
Total recurring fair value measurements
 
$
875
  
$
-
  
$
252
  
$
623
 
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 the Company 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, 2016
        
Impaired loans
 
$
12,919
 
PV of future cash flows (1)
Discount Rate
  
-6.00
%
  
$
2,137
 
Appraisal of collateral (2)
Liquidation expenses (3)
  
-6.00
%
           
Foreclosed real estate
 
$
767
 
Appraisal of  collateral (2),(4)
Appraisal adjustments (3)
 
-10.0% to -10.0% (-10.0%)
 
           
December 31, 2015
          
Impaired loans
 
$
13,884
 
PV of future cash flows (1)
Discount Rate
  
-6.00
%
  
$
3,219
 
Appraisal of collateral (2)
Liquidation expenses (3)
  
-6.00
%
           
Foreclosed real estate
 
$
543
 
Appraisal of  collateral (2),(4)
Appraisal adjustments (3)
 
-6.12% to -7.31% (-6.24%)
 
           
 
(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 the Company's financial instruments as of December 31, 2016 and December 31, 2015 were as follows:
 
     
Fair Value Measurement at
December 31, 2016
 
  
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)
 
Financial Assets
 
(dollars in thousands)
 
Cash and cash equivalents
 
$
67,114
  
$
67,114
  
$
67,114
  
$
-
  
$
-
 
Investment securities (HTM)
  
62,757
   
62,827
   
13,165
   
49,662-
   
-
 
Loans held for sale
  
10,307
   
10,313
   
-
   
10,313
   
-
 
Loans receivable, net
  
601,309
   
602,953
   
-
   
-
   
601,609
 
FHLB stock
  
4,933
   
4,933
   
-
   
4,933
   
-
 
Accrued interest receivable
  
2,249
   
2,249
   
-
   
2,249
   
-
 
Mortgage servicing rights
  
557
   
557
   
-
   
-
   
557
 
Rate lock commitments
  
162
   
162
   
-
   
162
   
-
 
Mandatory forward contracts
  
153
   
153
   
-
   
153
   
-
 
Financial Liabilities
                    
Deposits
 
$
571,946
  
$
572,556
   
-
   
572,556
   
-
 
Long-Term Borrowings
  
103,500
   
101,461
   
-
   
97,961
   
-
 
Subordinated debentures
  
20,619
   
20,619
   
-
   
-
   
20,619
 
Accrued interest payable
  
538
   
538
   
-
   
538
   
-
 
                     
Off Balance Sheet Commitments
 
$
-
  
$
-
  
$
-
  
$
-
  
$
-
 

     
Fair Value Measurement at
December 31, 2015
 
  
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)
 
Financial Assets
 
(dollars in thousands)
 
Cash and cash equivalents
 
$
43,591
  
$
43,591
  
$
43,591
  
$
-
  
$
-
 
Investment securities (HTM)
  
76,133
   
76,310
   
21,325
   
54,985
   
-
 
Loans held for sale
  
13,203
   
13,295
   
-
   
13,295
   
-
 
Loans receivable, net
  
589,656
   
593,742
   
-
   
-
   
593,742
 
FHLB stock
  
5,626
   
5,626
   
-
   
5,626
   
-
 
Accrued interest receivable
  
2,218
   
2,218
   
-
   
2,218
   
-
 
Mortgage servicing rights
  
623
   
623
   
-
   
-
   
623
 
Rate lock commitments
  
141
   
141
   
-
   
141
   
-
 
Mandatory forward contracts
  
111
   
111
   
-
   
111
   
-
 
Financial Liabilities
                    
Deposits
 
$
523,771
  
$
524,458
   
-
   
524,458
   
-
 
Long-Term Borrowings
  
115,000
   
110,759
   
-
   
110,759
   
-
 
Subordinated debentures
  
24,119
   
24,119
   
-
   
-
   
24,119
 
Accrued interest payable
  
3,137
   
3,137
   
-
   
3,137
   
-
 
Off Balance Sheet Commitments
 
$
-
  
$
-
  
$
-
  
$
-
  
$
-