XML 43 R28.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Fair Value Of Financial Instruments | 12 Months Ended
--- | ---
Dec. 31, 2016
Fair Value Of Financial Instruments [Abstract] |
Fair Value Of Financial Instruments | Note 19: Fair Value of Financial Instruments The Company discloses fair value information about financial instruments for which it is practicable to estimate fair value. Fair value estimates are made as of a specific point in time based on the characteristics of the financial instruments and relevant market information. Where available, quoted market prices are used. In other cases, fair values are based on estimates using present value or other valuation techniques. These techniques involve uncertainties and are significantly affected by the assumptions used and judgments made regarding risk characteristics of various financial instruments, discount rates, estimates of future cash flows, future expected loss experience and other factors. Changes in assumptions could significantly affect these estimates. Derived fair value estimates cannot be substantiated by comparison to independent markets and, in certain cases, could not be realized in an immediate sale of the instrument. Fair value estimates are based on existing financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Accordingly, the aggregate fair value amounts presented do not purport to represent the underlying market value of the Company. The following describes the methods and significant assumptions used by the Company in estimating the fair values of significant financial instruments: Cash and cash equivalents: For cash and cash equivalents, including cash and due from banks and other short-term investments with maturities of 90 days or less, the carrying amounts reported on the consolidated balance sheet approximate fair values. Federal Home Loan Bank Stock: For Federal Home Loan Bank stock, the carrying amounts reported on the balance sheet approximate fair values. Loans: For variable rate loans that re-price frequently and have no significant change in credit risk, fair values are based on carrying values. The fair value of other loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Deposits: The fair value of deposits with no stated maturity is equal to the carrying amount. The fair value of time deposits is based on the discounted value of contractual cash flows, applying interest rates currently being offered on wholesale funding products of similar maturities. The fair value estimates for deposits do not include the benefit that results from the low-cost funding provided by the deposit liabilities compared to the cost of alternative forms of funding ("deposit base intangibles"). Borrowings: For borrowings that mature or re-price in 90 days or less, carrying value approximates fair value. The fair value of the Company's remaining borrowings is estimated by using discounted cash flows based on current rates available for similar types of borrowing arrangements taking into account any optionality. Accrued interest receivable and payable: The carrying amounts of accrued interest receivable and payable approximate their fair values. Off-balance sheet financial instruments: The Company's off-balance sheet instruments consist of loan commitments and standby letters of credit. Fair values for standby letters of credit and loan commitments were insignificant. A summary of the carrying values and estimated fair values of the Company's significant financial instruments at December 31, 2016 and 2015 follows:
|  | Carrying |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  | Total
December 31, 2016 |  | Value |  | Inputs |  |  | Inputs |  |  | Inputs |  | Fair Value
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 8,439 | $ | 8,439 | $ |  | -- | $ |  | -- | $ | 8,439
Federal Home Loan Bank stock |  | 25,331 |  | -- |  |  | 25,331 |  |  | -- |  | 25,331
Loans, net |  | 1,118,645 |  | -- |  |  | -- |  |  | 1,100,601 |  | 1,100,601
Interest receivable |  | 6,051 |  | -- |  |  | 6,051 |  |  | -- |  | 6,051
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Deposits (with no stated maturity) | $ | 633,863 | $ | -- | $ |  | 633,863 | $ |  | -- | $ | 633,863
Time deposits |  | 416,437 |  | -- |  |  | 417,805 |  |  | -- |  | 417,805
Borrowings |  | 536,596 |  | -- |  |  | 535,126 |  |  | -- |  | 535,126
Interest payable |  | 697 |  | -- |  |  | 697 |  |  | -- |  | 697
|  | Carrying |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  | Total
December 31, 2015 |  | Value |  | Inputs |  |  | Inputs |  |  | Inputs |  | Fair Value
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 9,720 | $ | 9,720 | $ |  | -- | $ |  | -- | $ | 9,720
Federal Home Loan Bank stock |  | 21,479 |  | -- |  |  | 21,479 |  |  | -- |  | 21,479
Loans, net |  | 980,631 |  | -- |  |  | -- |  |  | 975,610 |  | 975,610
Interest receivable |  | 5,420 |  | -- |  |  | 5,420 |  |  |  |  | 5,420
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Deposits (with no stated maturity) | $ | 546,058 | $ | -- | $ |  | 546,058 | $ |  | -- | $ | 546,058
Time deposits |  | 396,729 |  | -- |  |  | 399,146 |  |  | -- |  | 399,146
Borrowings |  | 474,791 |  | -- |  |  | 473,404 |  |  | -- |  | 473,404
Interest payable |  | 527 |  | -- |  |  | 527 |  |  | -- |  | 527

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 The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
Name: | us-gaap_FinancialInstrumentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration