XML 81 R43.htm IDEA: XBRL DOCUMENT
v3.20.1

Fair Value of Assets and Liabilities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | Assets recorded at fair value on a recurring basis are as follows, in thousands
|  | Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3)
December 31, 2019 |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |
Securities available-for-sale: |  |  |  |  |  |  |  |
U.S. Government-sponsored enterprises (GSEs) |  | $ | 19,000 |  |  | $ | — |  |  | $ | 19,000 |  |  | $ | — |
Municipal securities |  | 64,391 |  |  | — |  |  | 64,391 |  |  | — |
Other debt securities |  | 3,470 |  |  | — |  |  | 3,470 |  |  | — |
Mortgage-backed securities |  | 91,487 |  |  | — |  |  | 91,487 |  |  | — |
Total securities available-for-sale |  | $ | 178,348 |  |  | $ | — |  |  | $ | 178,348 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | 3,446 |  |  | $ | — |  |  | $ | 3,446 |  |  | $ | — |
|  | Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3) |  |
December 31, 2018 |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |
Securities available-for-sale: |  |  |  |  |  |  |  |  |  |
U.S. Government-sponsored enterprises (GSEs) |  | $ | 43,503 |  |  | $ | — |  |  | $ | 43,503 |  |  | $ | — |  |  |
Municipal securities |  | 55,161 |  |  | — |  |  | 55,161 |  |  | — |  |  |
Other debt securities |  | 910 |  |  | — |  |  | 910 |  |  | — |  |  |
Mortgage-backed securities |  | 102,114 |  |  | — |  |  | 102,114 |  |  | — |  |  |
Total securities available-for-sale |  | $ | 201,688 |  |  | $ | — |  |  | $ | 201,688 |  |  | $ | — |  |  |
Liabilities: |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | 1,174 |  |  | $ | — |  |  | $ | 1,174 |  |  | $ | — |  |  |  |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis | The tables below present the recorded amount of assets and liabilities measured at fair value on a nonrecurring basis, (in thousands):
|  | Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3)
December 31, 2019: |  |  |  |  |  |  |  |
Impaired loans |  | $ | 2,185 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,185 |
OREO |  | 1,757 |  |  | — |  |  | — |  |  | 1,757 |
December 31, 2018: |  |  |  |  |  |  |  |
Impaired loans |  | $ | 671 |  |  | $ | — |  |  | $ | — |  |  | $ | 671 |
OREO |  | 2,495 |  |  | — |  |  | — |  |  | 2,495 |
For Level 3 assets measured at fair value, the significant unobservable inputs used in the fair value measurements are presented below (dollars in thousands):
|  | Fair Value |  | Valuation Technique |  | Significant Other Unobservable Input |  | Weighted Average of Input
December 31, 2019: |  |  |  |  |  |  |  |
Impaired loans |  | $ | 2,185 |  |  | Appraisal and cashflow |  | Appraisal and cashflow discounts |  | 22 | %
OREO |  | 1,757 |  |  | Appraisal |  | Appraisal discounts |  | 29 | %
December 31, 2018: |  |  |  |  |  |  |  |
Impaired loans |  | $ | 671 |  |  | Appraisal |  | Appraisal discounts |  | 44 | %
OREO |  | 2,495 |  |  | Appraisal |  | Appraisal discounts |  | 23 | %
Fair Value, by Balance Sheet Grouping | The carrying amount and estimated fair value of the Company’s financial instruments at December 31, 2019 and December 31, 2018 are as follows (in thousands):
|  | December 31, 2019 |  |  |  |  |  |  |  |
|  |  |  | Fair Value Measurements Using |  |  |  |  |  |
|  | Carrying Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Estimated Fair Value
Assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 183,971 |  |  | 183,971 |  |  | — |  |  | — |  |  | $ | 183,971 |
Securities available-for-sale |  | 178,348 |  |  | — |  |  | 178,348 |  |  | — |  |  | 178,348 |
Restricted investments |  | 12,913 |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A |
Loans, net |  | 1,893,005 |  |  | — |  |  | — |  |  | 1,879,825 |  |  | 1,879,825 |
Liabilities: |  |  |  |  |  |  |  |  |  |
Noninterest-bearing demand deposits |  | 364,155 |  |  | — |  |  | 364,155 |  |  | — |  |  | 364,155 |
Interest-bearing demand deposits |  | 380,234 |  |  | — |  |  | 380,234 |  |  | — |  |  | 380,234 |
Money Market and Savings deposits |  | 623,284 |  |  | — |  |  | 623,284 |  |  | — |  |  | 623,284 |
Time deposits |  | 679,541 |  |  | — |  |  | 681,902 |  |  | — |  |  | 681,902 |
Securities sold under agreements to repurchase |  | 6,184 |  |  | — |  |  | 6,184 |  |  | — |  |  | 6,184 |
Federal Home Loan Bank advances and other borrowings |  | 25,439 |  |  | — |  |  | 24,845 |  |  | — |  |  | 24,845 |
Subordinated debt |  | 39,261 |  |  | — |  |  | — |  |  | 35,868 |  |  |  | 35,868 |
Derivative financial instruments |  | 3,446 |  |  | — |  |  | 3,446 |  |  | — |  |  | 3,446 |
|  | December 31, 2018 |  |  |  |  |  |  |  |
|  |  |  | Fair Value Measurements Using |  |  |  |  |  |
|  | Carrying Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Estimated Fair Value
Assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 115,822 |  |  | 115,822 |  |  | — |  |  | — |  |  | $ | 115,822 |
Securities available-for-sale |  | 201,688 |  |  | — |  |  | 201,688 |  |  | — |  |  | 201,688 |
Restricted investments |  | 11,499 |  |  | N/A |  |  | N/A |  |  | N/A |  |  | N/A |
Loans, net |  | 1,768,964 |  |  | — |  |  | — |  |  | 1,766,838 |  |  | 1,766,838 |
Liabilities: |  |  |  |  |  |  |  |  |  |
Noninterest-bearing demand deposits |  | 319,861 |  |  | — |  |  | 319,861 |  |  | — |  |  | 319,861 |
Interest-bearing demand deposits |  | 311,482 |  |  | — |  |  | 311,482 |  |  | — |  |  | 311,482 |
Money Market and Savings deposits |  | 641,945 |  |  | — |  |  | 641,945 |  |  | — |  |  | 641,945 |
Time deposits |  | 648,675 |  |  | — |  |  | 648,169 |  |  | — |  |  | 649,169 |
Securities sold under agreements to repurchase |  | 11,756 |  |  | — |  |  | 11,756 |  |  | — |  |  | 11,756 |
Federal Home Loan Bank advances and other borrowings |  | 11,243 |  |  | — |  |  | 11,243 |  |  | — |  |  | 11,243 |
Subordinated debt |  | 39,177 |  |  | — |  |  | — |  |  | 39,190 |  |  | 39,190 |
Derivative financial instruments |  | 1,174 |  |  | — |  |  | 1,174 |  |  | — |  |  | 1,174 |

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=117815213&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=117815213&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=117815213&loc=d3e19207-110258 + 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=118260190&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=117815213&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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration