XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Fair Value Disclosures (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
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, 2018 |  | 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) |  | $ | 28,128 |  |  | $ | — |  |  | $ | 28,128 |  |  | $ | — |
Mortgage-backed securities |  | 111,954 |  |  | — |  |  | 111,954 |  |  | — |
Other debt securities |  | 911 |  |  | — |  |  | 911 |  |  | — |
Municipal securities |  | 15,584 |  |  | — |  |  | 15,584 |  |  | — |
Total securities available-for-sale |  | $ | 156,577 |  |  | $ | — |  |  | $ | 156,577 |  |  | $ | — |
|  | Balance as of December 31, 2017 |  | 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) |  | $ | 25,776 |  |  | $ | — |  |  | $ | 25,776 |  |  | $ | — |
Mortgage-backed securities |  | 116,215 |  |  | — |  |  | 116,215 |  |  | — |
Other debt securities |  | 950 |  |  | — |  |  | 950 |  |  | — |
Municipal securities |  | 9,003 |  |  | — |  |  | 9,003 |  |  | — |
Total securities available-for-sale |  | $ | 151,944 |  |  | $ | — |  |  | $ | 151,944 |  |  | $ | — |
Fair Value, Assets and Liabilities Measured on Non-Recurring Basis | For Level 3 assets measured at fair value on a non-recurring basis as of March 31, 2018 and December 31, 2017, , the significant unobservable inputs used in the fair value measurements are presented below (in thousands).
|  | Balance as of June 30, 2018 |  | Valuation Technique |  | Significant Other Unobservable Input |  | Weighted Average of Input
Impaired loans |  | $ | 407 |  |  | Appraisal and Cashflow |  | Appraisal and Cashflow Discounts |  | 47 | %
Foreclosed assets |  | 3,524 |  |  | Appraisal |  | Appraisal Discounts |  | 19 | %
|  | Balance as of December 31, 2017 |  | Valuation Technique |  | Significant Other Unobservable Input |  | Weighted Average of Input
Impaired loans |  | $ | 769 |  |  | Appraisal |  | Appraisal Discounts |  | 36 | %
Foreclosed assets |  | 3,254 |  |  | Appraisal |  | Appraisal Discounts |  | 18 | %
The following tables present the financial instruments carried on the consolidated balance sheets by caption and by level in the fair value hierarchy, for which a nonrecurring change in fair value has been recorded (in thousands):
|  | Balance as of June 30, 2018 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3)
Impaired loans |  | $ | 407 |  |  | $ | — |  |  | $ | — |  |  | $ | 407 |
Foreclosed assets |  | 3,524 |  |  | — |  |  | — |  |  | 3,524 |
|  | Balance as of December 31, 2017 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3)
Impaired loans |  | $ | 769 |  |  | $ | — |  |  | $ | — |  |  | $ | 769 |
Foreclosed assets |  | 3,254 |  |  | — |  |  | — |  |  | 3,254 |
Fair Value, by Balance Sheet Grouping | The carrying amount and estimated fair value of the Company’s financial instruments at June 30, 2018 and December 31, 2017 are as follows (in thousands):
|  | June 30, 2018
|  |  |  | Fair Value Measurements Using |  |
|  | Carrying Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Estimated Fair Value
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 170,235 |  |  | 170,235 |  |  | — |  |  | — |  |  | $ | 170,235 |
Securities available-for-sale |  | 156,577 |  |  | — |  |  | 156,577 |  |  | — |  |  | 156,577 |
Restricted investments |  | 8,273 |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A |
Loans, net |  | 1,568,361 |  |  | — |  |  | — |  |  | 1,569,916 |  |  | 1,569,916 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing demand deposits |  | 301,318 |  |  | — |  |  | 301,318 |  |  | — |  |  | 301,318 |
Interest-bearing demand deposits |  | 246,942 |  |  | — |  |  | 246,942 |  |  | — |  |  | 246,942 |
Money Market and Savings deposits |  | 632,518 |  |  | — |  |  | 632,518 |  |  | — |  |  | 632,518 |
Time deposits |  | 535,879 |  |  | — |  |  | 537,006 |  |  | — |  |  | 537,006 |
Securities sold under agreements to repurchase |  | 18,635 |  |  | — |  |  | 18,635 |  |  | — |  |  | 18,635 |
Federal Home Loan Bank advances and other borrowings |  | 72,040 |  |  | — |  |  | 72,040 |  |  | — |  |  | 72,040 |
Note 7. Fair Value Disclosures, Continued Carrying value and estimated fair value (continued):
|  | December 31, 2017
|  |  |  | Fair Value Measurements Using |  |
|  | Carrying Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Estimated Fair Value
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 113,027 |  |  | 113,027 |  |  | — |  |  | — |  |  | $ | 113,027 |
Securities available-for-sale |  | 151,944 |  |  | — |  |  | 151,944 |  |  | — |  |  | 151,944 |
Restricted investments |  | 6,431 |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A |
Loans, net |  | 1,317,398 |  |  | — |  |  | — |  |  | 1,292,303 |  |  | 1,292,303 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing demand deposits |  | 220,520 |  |  | — |  |  | 220,520 |  |  | — |  |  | 250,520 |
Interest-bearing demand deposits |  | 231,644 |  |  | — |  |  | 231,644 |  |  | — |  |  | 231,644 |
Money Market and Savings deposits |  | 543,645 |  |  | — |  |  | 543,645 |  |  | — |  |  | 543,645 |
Time deposits |  | 442,774 |  |  | — |  |  | 443,547 |  |  | — |  |  | 443,547 |
Securities sold under agreements to repurchase |  | 24,055 |  |  | — |  |  | 24,055 |  |  | — |  |  | 24,055 |
Federal Home Loan Bank advances and other borrowings |  | 43,600 |  |  | — |  |  | 43,600 |  |  | — |  |  | 43,600 |

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration