Fair Value Disclosures (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Fair Value Information for Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table provides fair value information for assets and liabilities measured at fair value on a recurring basis as of June 30, 2018 and December 31, 2017:

	June 30, 2018
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Securities available for sale:
U.S. Government agencies	$	53,606	$	—	$	53,606	$	—
GSE - Mortgage-backed securities and CMO’s		18,489		—		18,489		—
State and political subdivisions		13,329		—		13,329		—
Corporate bonds		5,005		—		5,005		—
Total assets at fair value	$	90,429	$	—	$	90,429	$	—
Total liabilities at fair value	$	—	$	—	$	—	$	—

	December 31, 2017
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Securities available for sale:
U.S. Government agencies	$	55,615	$	—	$	55,615	$	—
GSE - Mortgage-backed securities and CMO’s		20,891		—		20,891		—
State and political subdivisions		14,199		—		14,199		—
Corporate bonds		5,038		—		5,038		—
Total assets at fair value	$	95,743	$	—	$	95,743	$	—
Total liabilities at fair value	$	—	$	—	$	—	$	—

Assets Measured at Fair Value on Nonrecurring Basis

Assets measured at fair value on a nonrecurring basis are included in the table below as of June 30, 2018 and December 31, 2017:

	June 30, 2018
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Impaired loans	$	4,175	$	—	$	—	$	4,175
Other real estate owned		1,278		—		—		1,278
Total assets at fair value	$	5,453	$	—	$	—	$	5,453
Total liabilities at fair value	$	—	$	—	$	—	$	—

	December 31, 2017
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Impaired loans	$	2,624	$	—	$	—	$	2,624
Other real estate owned		1,785		—		—		1,785
Total assets at fair value	$	4,409	$	—	$	—	$	4,409
Total liabilities at fair value	$	—	$	—	$	—	$	—

Quantitative Information about Level 3 Fair Value Measurements

Quantitative Information about Level 3 Fair Value Measurements

June 30, 2018
	Valuation Technique	Unobservable Input	General Range
Nonrecurring measurements:
Impaired loans	Discounted appraisals	Collateral discounts and    Estimated costs to sell	0 – 25%
	Discounted cash flows	Discount Rate	4%-8.75%
OREO	Discounted appraisals	Collateral discounts and    Estimated costs to sell	0 – 10%

December 31, 2017
	Valuation Technique	Unobservable Input	General Range
Nonrecurring measurements:
Impaired loans	Discounted appraisals	Collateral discounts and    Estimated costs to sell	0 – 25%
	Discounted cash flows	Discount rates	4%-8.75%
OREO	Discounted appraisals	Collateral discounts and    Estimated costs to sell	0 – 10%