Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2017

Investments, All Other Investments [Abstract]

Schedule of Estimated Fair Values of Recognized Financial Instruments

The estimated fair values of recognized financial instruments as of December 31 were as follows:

	2017
(Dollars in thousands)	Carrying Value		Level I		Level II		Level III		Total Fair Value
Financial assets
Cash and cash equivalents	$	36,420	$	36,420	$	–	$	–	$	36,420
Securities available-for-sale		97,752		1,087		96,665		–		97,752
Securities held-to-maturity		25,758		–		25,491		–		25,491
Restricted stock		4,614		N/A		N/A		N/A		N/A
Loans held for sale		246		246		–		–		246
Net loans		511,226		–		–		513,106		513,106
Bank-owned life insurance		13,218		13,218		–		–		13,218
Accrued interest receivable		1,545		1,545		–		–		1,545
Mortgage servicing rights		270		–		–		270		270
Financial liabilities
Deposits	$	583,259	$	473,467	$	–	$	110,224	$	583,691
Short-term borrowings		39,480		39,480		–		–		39,480
Other borrowings		11,409		–		–		10,365		10,365
Accrued interest payable		90		90		–		–		90
	2016
(Dollars in thousands)	Carrying Value		Level I		Level II		Level III		Total Fair Value
Financial assets
Cash and cash equivalents	$	36,838	$	36,838	$	–	$	–	$	36,838
Securities available-for-sale		103,875		1,081		102,794		–		103,875
Securities held-to-maturity		23,883		–		23,444		–		23,444
Restricted stock		4,614		N/A		N/A		N/A		N/A
Net loans		470,158		–		–		471,815		471,815
Bank-owned life insurance		10,361		10,361		–		–		10,361
Accrued interest receivable		1,409		1,409		–		–		1,409
Mortgage servicing rights		261		–		–		261		261
Financial liabilities
Deposits	$	540,785	$	428,676	$	–	$	112,642	$	541,318
Short-term borrowings		48,742		48,742		–		–		48,742
Other borrowings		12,385		–		–		12,511		12,511
Accrued interest payable		76		76		–		–		76