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Fair Value Disclosures (Tables) | 6 Months Ended
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Jun. 30, 2016
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | Assets and liabilities recorded at fair value on a recurring basis are as follows (in thousands):
|  | Balance as of June 30, 2016 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3)
Debt securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government-sponsored enterprises (GSEs) |  | $ | 12,743 |  |  | $ | — |  |  | $ | 12,743 |  |  | $ | — |
Mortgage-backed securities |  | 124,814 |  |  | — |  |  | 124,814 |  |  | — |
Municipal securities |  | 5,318 |  |  | — |  |  | 5,318 |  |  | — |
Total securities available-for-sale |  | $ | 142,875 |  |  | $ | — |  |  | $ | 142,875 |  |  | $ | — |
|  | Balance as of December 31, 2015 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3)
Debt securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government-sponsored enterprises (GSEs) |  | $ | 22,743 |  |  | $ | — |  |  | $ | 22,743 |  |  | $ | — |
Mortgage-backed securities: |  | 136,021 |  |  | — |  |  | 136,021 |  |  | — |
Municipal securities |  | 7,649 |  |  | — |  |  | 7,649 |  |  | — |
Total securities available-for-sale |  | $ | 166,413 |  |  | $ | — |  |  | $ | 166,413 |  |  | $ | — |
Fair Value, Assets and Liabilities Measured on Non-Recurring Basis | The tables below present information about assets and liabilities on the balance sheet at June 30, 2016 and December 31, 2015 which are measured at fair value on a nonrecurring basis.
|  | Balance as of June 30, 2016 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3)
Impaired loans |  | $ | 189 |  |  | $ | — |  |  | $ | — |  |  | $ | 189 |
Foreclosed assets |  | 4,936 |  |  | — |  |  | — |  |  | 4,936 |
Note 7. Fair Value Disclosures, Continued Fair Value Hierarchy (Continued):
|  | Balance as of December 31, 2015 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3)
Impaired loans |  | $ | 160 |  |  | $ | — |  |  | $ | — |  |  | $ | 160 |
Foreclosed assets |  | 5,358 |  |  | — |  |  | — |  |  | 5,358 |
Fair Value, Assets Measured On Non-Recurring Basis, Unobservable Input Reconciliation | For Level 3 assets measured at fair value on a non-recurring basis as of June 30, 2016, the significant unobservable inputs used in the fair value measurements are presented below (in thousands).
|  | Balance as of June 30, 2016 |  | Valuation Technique |  | Significant Other Unobservable Input |  | Weighted Average of Input
Impaired loans |  | $ | 189 |  |  | Appraisal |  | Appraisal Discounts |  | 15.0 | %
Foreclosed assets |  | 4,936 |  |  | Appraisal |  | Appraisal Discounts |  | 24.4 | %
Fair Value, by Balance Sheet Grouping | The carrying amount and estimated fair value of the Company’s financial instruments at June 30, 2016 and December 31, 2015 are as follows (in thousands):
|  | June 30, 2016 |  | December 31, 2015
|  | Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 71,737 |  |  | $ | 71,737 |  |  | $ | 79,965 |  |  | $ | 79,965 |
Securities available for sale |  | 142,875 |  |  | 142,875 |  |  | 166,413 |  |  | 166,413 |
Restricted investments |  | 4,451 |  |  | 4,451 |  |  | 4,451 |  |  | 4,451 |
Loans, net |  | 768,676 |  |  | 781,411 |  |  | 723,361 |  |  | 721,338 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing demand deposits |  | 145,864 |  |  | 145,864 |  |  | 131,419 |  |  | 131,419 |
Interest-bearing demand deposits |  | 153,166 |  |  | 153,166 |  |  | 149,424 |  |  | 149,424 |
Money Market and Savings deposits |  | 258,281 |  |  | 258,281 |  |  | 236,901 |  |  | 236,901 |
Time deposits |  | 331,438 |  |  | 333,350 |  |  | 340,739 |  |  | 342,873 |
Securities sold under agreements to repurchase |  | 26,883 |  |  | 26,883 |  |  | 28,068 |  |  | 28,068 |
Federal Home Loan Bank advances and other borrowings |  | 10,091 |  |  | 10,096 |  |  | 34,187 |  |  | 34,169 |

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- Definition Tabular disclosure of the fair value measurement of assets on non-recurring basis using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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