XML 44 R31.htm IDEA: XBRL DOCUMENT v3.7.0.1

FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis Segregated by the Level of the Valuation Inputs Within the Fair Value Hierarchy Utilized to Measure Fair Value

The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of June 30, 2017 and December 31, 2016, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value.

		June 30, 2017
		Level 1				Level 2				Level 3			Total
(In thousands)		Inputs				Inputs				Inputs			Fair Value
Available for sale securities:
Obligations of US Government sponsored enterprises		$	—			$	6,973			—			$	6,973
Mortgage-backed securities:
US Government-sponsored enterprises		—				456,051				—			456,051
US Government agency		—				78,062				—			78,062
Private label		—				911				—			911
Obligations of states and political subdivisions thereof		—				146,285				—			146,285
Corporate bonds		—				30,064				—			30,064
Derivative assets		—				950				—			950
Derivative liabilities		—				—				(234	)		(234		)

		December 31, 2016
		Level 1				Level 2				Level 3			Total
(In thousands)		Inputs				Inputs				Inputs			Fair Value
Available for sale securities:
Obligations of US Government sponsored enterprises		$	—			$	—			—			$	—
Mortgage-backed securities:													—
US Government-sponsored enterprises		—				328,452				—			328,452
US Government agency		—				76,906				—			76,906
Private label		—				1,132				—			1,132
Obligations of states and political subdivisions thereof		—				122,366				—			122,366
Corporate bonds		—				—				—			—
Derivative assets		—				1,748				—			1,748

Schedule of Changes in Level 3 Assets and Liabilities That Were Measured at Fair Value on a Recurring Basis

The table below presents the changes in Level 3 assets and liabilities that were measured at fair value on a recurring basis for the three and six months ended June 30, 2017 and 2016.

		Assets (Liabilities)
		Interest Rate Lock				Forward
(In thousands)		Commitments				Commitments
Three Months Ended June 30, 2017
March 31, 2017		$	98			$	(55	)
Goodwill adjustment Lake Sunapee Bank Merger		(75		)		(167		)
Realized (loss) recognized in non-interest income		(26		)		(9		)
June 30, 2017		$	(3	)		$	(231	)
Six Months Ended June 30, 2017
December 31, 2016		$	—			$	—
Acquisition of Lake Sunapee Bank, January 13, 2017		96				23
Goodwill adjustment Lake Sunapee Bank Merger		(75		)		(167		)
Realized (loss) recognized in non-interest income		(24		)		(87		)
June 30, 2017		$	(3	)		$	(231	)

Schedule of Quantitative Information About the Significant Unobservable Inputs Within Level 3

Quantitative information about the significant unobservable inputs within Level 3 recurring assets and liabilities is as follows:

(In thousands, except ratios)		Fair Value June 30, 2017				Valuation Techniques		Unobservable Inputs		Significant Unobservable Input Value
Assets (Liabilities)
Interest Rate Lock Commitment		$	(3	)		Historical trend		Closing Ratio		90		%
						Pricing Model		Origination Costs, per loan		$	1.7
Forward Commitments		(231		)		Quoted prices for similar loans in active markets.		Freddie Mac pricing system		Pair-off contract price
Total		$	(234	)

The following is a summary of applicable non-recurring fair value measurements. There are no liabilities measured at fair value on a non-recurring basis.

		June 30, 2017				December 31, 2016				Three months ended June 30, 2017				Six months ended June 30, 2017			Fair Value Measurement Date as of June 30, 2017
(In thousands)		Level 3 Inputs				Level 3 Inputs				Total Gains (Losses)				Total Gains (Losses)			Level 3 Inputs
Assets
Impaired loans		$	6,314			$	6,709			$	(96	)		(96	)		June 2017
Capitalized servicing rights		3,355				5				—				—			May 2017
Other real estate owned		122				90				—				—			Jan 2017 - March 2017
Total		$	9,791			$	6,804			$	(96	)		(96	)

Summary of Applicable Non-Recurring Fair Value Measurements

Quantitative information about the significant unobservable inputs within Level 3 non-recurring assets is as follows:

Fair Value

(in thousands, except ratios)

June 30, 2017

Valuation Techniques

Unobservable Inputs

Range (Weighted Average) (a)

Assets

Impaired loans

$

2,067

Fair value of collateral - appraised value

Loss severity

0% to 32%

Appraised value

$0 to $950

Impaired loans

4,247

Discount cash flow

Discount rate

0% to 18%

Cash flows

$0 to $874

Capitalized servicing rights

3,355

Discounted cash flow

Constant prepayment rate (CPR)

14.33

%

Discount rate

7.55

%

Other real estate owned

122

Fair value of collateral

Appraised value

$122

Total

$

9,791

(a) Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individuals properties.

		Fair Value
(in thousands)		December 31, 2016				Valuation Techniques		Unobservable Inputs		Range (Weighted Average) (a)
Assets
Impaired loans		$	3,268			Fair value of collateral - appraised value		Loss severity		0% to 51%
								Appraised value		$0 to $1,732
Impaired loans		3,441				Discount cash flow		Discount rate		3.25% to 18.25%
								Cash flows		$6 to $861
Capitalized servicing rights		5				Discounted cash flow		Constant prepayment rate (CPR)		17.09	%
								Discount rate		7.55	%
Other real estate owned		90				Fair value of collateral		Appraised value		120
Total		$	6,804

(a) Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individuals properties.

Summary of Estimated Fair Values, and Related Carrying Amounts, of Financial Instruments

The estimated fair values, and related carrying amounts, of the Company’s financial instruments follow. Certain financial instruments and all non-financial instruments are excluded from disclosure requirements. Accordingly, the aggregate fair value amounts presented herein may not necessarily represent the underlying fair value of the Company.

		June 30, 2017
(In thousands)		Carrying Amount				Fair Value				Level 1				Level 2				Level 3
Financial Assets
Cash and cash equivalents		$	118,993			$	118,993			$	118,993			$	—			$	—
Securities available for sale		718,364				718,364				—				718,364				—
FHLBB bank stock		44,168				44,168				—				44,168				—
Net loans		2,365,205				2,342,877				—				—				2,342,877
Accrued interest receivable		3,386				3,386				—				3,386				—
Cash surrender value of bank-owned life insurance policies		57,233				57,233				—				57,233				—
Derivative assets		950				950				—				950
Financial Liabilities
Total deposits		$	2,213,004			$	2,190,676			$	—			$	2,190,676			$	—
Securities sold under agreements to repurchase		35,174				35,155				—				35,155				—
Federal Home Loan Bank advances		837,267				837,126				—				837,126				—
Subordinated borrowings		37,642				37,921				—				37,921				—
Junior subordinated borrowings		5,000				3,569				—				3,569				—
Derivative liabilities		(234		)		(234		)		—				—				(234		)

		December 31, 2016
(In thousands)		Carrying Amount				Fair Value				Level 1				Level 2				Level 3
Financial Assets
Cash and cash equivalents		$	8,439			$	8,439			$	8,439			$	—			$	—
Securities available for sale		528,856				528,856				—				528,856				—
FHLBB bank stock		25,331				25,331				—				25,331				—
Net loans		1,118,645				1,100,601				—				—				1,100,601
Accrued interest receivable		6,051				6,051				—				6,051				—
Cash surrender value of bank-owned life insurance policies		24,450				24,450				—				24,450				—
Derivative assets		1,748				1,748				—				1,748				—
Financial Liabilities
Total deposits		$	1,050,300			$	1,048,932			$	—			$	1,048,932			$	—
Securities sold under agreements to repurchase		21,780				21,773				—				21,773				—
Federal Home Loan Bank advances		509,816				509,793				—				509,793				—
Subordinated borrowings		—				—				—				—				—
Junior subordinated borrowings		—				3,560				—				3,560				—

X

- Definition

Tabular disclosure of the fair value measurement of assets and liabilities 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 and liabilities.

+ References

No definition available.

+ Details

Name:	bhb_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock
Namespace Prefix:	bhb_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 2: 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=66048111&loc=d3e19190-110258

Reference 3: 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=66048111&loc=d3e19207-110258

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66048111&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://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=77997519&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=66048111&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=77997519&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=75026489&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=75031198&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=77997519&loc=d3e13433-108611

+ 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 quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
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/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration