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Fair Values (Tables)
 3 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities recorded at fair value on a recurring and non-recurring basis by levels
The following fair value hierarchy table summarizes the Company's assets and liabilities recorded at fair value on a recurring and non-recurring basis by the above categories ($ in thousands):
 
 
 
Fair Value Using
 
Total
 
Quoted market
prices in
active markets
(Level 1)
 
Significant other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
As of March 31, 2016
 
 
 
 
 
 
 
Recurring basis:
 
 
 
 
 
 
 
Derivative assets(1)
$
407

 
$
—

 
$
407

 
$
—

Derivative liabilities(1)
929

 
—

 
929

 
—

Available-for-sale securities(1)
5,536

 
—

 
—

 
5,536

Non-recurring basis:
 
 
 
 
 
 
 
Impaired loans(2)
5,200

 
—

 
—

 
5,200

 
 
 
 
 
 
 
 
As of December 31, 2015
 
 
 
 
 
 
 
Recurring basis:
 
 
 
 
 
 
 
Derivative assets(1)
$
1,522

 
$
—

 
$
1,522

 
$
—

Derivative liabilities(1)
131

 
—

 
131

 
—

Available-for-sale securities(1)
1,161

 
—

 
—

 
1,161

Non-recurring basis:
 
 
 
 
 
 
 
Impaired loans(3)
3,200

 
—

 
—

 
3,200


____________________________________________________________
(1)
The fair value of the Company's derivatives and available-for-sale securities are based upon third-party broker quotes. During the three months ended March 31, 2016, the Company acquired $4.4 million of available for sale securities. There were no other material changes in Level 3 assets and there were no transfers into/out of Level 3 for the three months ended March 31, 2016.
(2)
The Company recorded a provision for loan losses on one loan with a fair value of $5.2 million using an appraisal based on market comparable sales.
(3)
The Company recorded a provision for loan losses on one loan with a fair value of $3.2 million based on a discounted cash flow analysis using a discount rate of 14.3%.