XML 43 R32.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value (Tables)
 9 Months Ended
Sep. 30, 2016
Fair Value [Abstract]  
Financial instruments that were measured at fair value on a recurring and nonrecurring basis
($ in thousands)        
Description of Financial Instruments  Fair Value at
September 30, 2016		   Quoted Prices in
Active Markets
for Identical
Assets (Level 1)		   Significant Other
Observable Inputs
(Level 2)		   Significant
Unobservable
Inputs
(Level 3)		 
Recurring                    
     Securities available for sale:                    
        Government-sponsored enterprise securities  $2,999    —    2,999    — 
        Mortgage-backed securities   161,443    —    161,443    — 
        Corporate bonds   34,571    —    34,571    — 
        Equity securities   143    —    143    — 
          Total available for sale securities  $199,156    —    199,156    — 
                     
Nonrecurring                    
     Impaired loans  $16,437    —    —    16,437 
     Foreclosed real estate   10,103    —    —    10,103 
                     

 

($ in thousands)        
Description of Financial Instruments  Fair Value at
December 31,
2015		   Quoted Prices in
Active Markets
for Identical
Assets (Level 1)		   Significant Other
Observable Inputs
(Level 2)		   Significant
Unobservable
Inputs
(Level 3)		 
Recurring                    
Securities available for sale:                    
Government-sponsored enterprise securities  $18,972    —    18,972    — 
Mortgage-backed securities   121,553    —    121,553    — 
Corporate bonds   24,946    —    24,946    — 
Equity securities   143    —    143    — 
Total available for sale securities  $165,614    —    165,614    — 
                     
Nonrecurring                    
     Impaired loans  $20,645    —    —    20,645 
     Foreclosed real estate   9,994    —    —    9,994 
Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis
($ in thousands)       
Description  Fair Value at
September
30, 2016		   Valuation
Technique		  Significant Unobservable
Inputs		  General Range
of Significant
Unobservable
Input Values
Impaired loans  $16,437   Appraised value; PV of expected cash flows  Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell  0-10%
Foreclosed real estate   10,103   Appraised value; List or contract price  Discounts to reflect current market conditions and estimated costs to sell  0-10%
               

 

($ in thousands)       
Description  Fair Value at
December 31,
2015		   Valuation
Technique		  Significant Unobservable
Inputs		  General Range
of Significant
Unobservable
Input Values
Impaired loans  $20,645   Appraised value; PV of expected cash flows  Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell  0-10%
Foreclosed real estate   9,994   Appraised value; List or contract price  Discounts to reflect current market conditions, abbreviated holding period and estimated costs to sell  0-10%
               
Schedule of the carrying amounts and estimated fair values of financial instruments
      September 30, 2016   December 31, 2015 

 

($ in thousands)

 		  Level in Fair
Value
Hierarchy		  Carrying
Amount		   Estimated
Fair Value		   Carrying
Amount		   Estimated
Fair Value		 
                    
Cash and due from banks, noninterest-bearing  Level 1  $64,145    64,145    53,285    53,285 
Due from banks, interest-bearing  Level 1   217,188    217,188    213,426    213,426 
Federal funds sold  Level 1   —    —    557    557 
Securities available for sale  Level 2   199,156    199,156    165,614    165,614 
Securities held to maturity  Level 2   135,808    139,514    154,610    157,146 
Presold mortgages in process of settlement  Level 1   4,094    4,094    4,323    4,323 
Total loans, net of allowance  Level 3   2,626,884    2,594,567    2,490,343    2,484,059 
Accrued interest receivable  Level 1   8,785    8,785    9,166    9,166 
FDIC indemnification asset  Level 3   —    —    8,439    8,256 
Bank-owned life insurance  Level 1   73,613    73,613    72,086    72,086 
Servicing asset on SBA loans  Level 3   208    208    —    — 
                        
Deposits  Level 2   2,910,840    2,909,736    2,811,285    2,809,828 
Borrowings  Level 2   236,394    228,289    186,394    178,468 
Accrued interest payable  Level 2   523    523    585    585