XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Fair value estimates (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2015
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis |
|  | Fair Value Measurement Using |
|  |  |  | Quoted Prices in |  | Significant |  | Significant |
|  |  |  | Active Markets for |  | Other Observable |  | Unobservable |
|  |  |  | Identical Assets |  | Inputs |  | Inputs |
September 30, 2015 |  | Amount |  | (Level 1) |  | (Level 2) |  | (Level 3) |
U.S. Treasury securities |  | $ | 16,067 |  | $ | 16,067 |  |  |  |  | $ |  |
U.S. Government-sponsored enterprises |  |  | 79,623 |  |  | - |  | $ | 79,623 |  |  | - |
State and Municipals: |  |  |  |  |  |  |  |  |  |  |  |  |
Taxable |  |  | 16,731 |  |  | - |  |  | 16,731 |  |  | - |
Tax-exempt |  |  | 116,809 |  |  | - |  |  | 116,809 |  |  | - |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  |  | 34,194 |  |  | - |  |  | 34,194 |  |  | - |
U.S. Government-sponsored enterprises |  |  | 36,408 |  |  | - |  |  | 36,408 |  |  | - |
Total |  | $ | 299,832 |  | $ | 16,067 |  | $ | 283,765 |  | $ | — |
|  | Fair Value Measurement Using |
|  |  |  |  | Quoted Prices in |  | Significant |  | Significant |
|  |  |  | Active Markets for |  | Other Observable |  | Unobservable |
|  |  |  | Identical Assets |  | Inputs |  | Inputs |
December 31, 2014 |  | Amount |  | (Level 1) |  | (Level 2) |  | (Level 3) |
U.S. Government-sponsored enterprises |  | $ | 48,550 |  |  | 48,550 |  | $ |  |  | $ |  |
U.S. Government-sponsored enterprises |  |  | 96,245 |  |  |  |  |  | 96,245 |  |  |  |
State and Municipals: |  |  |  |  |  |  |  |  |  |  |  |  |
Taxable |  |  | 17,407 |  |  |  |  |  | 17,407 |  |  |  |
Tax-exempt |  |  | 92,901 |  |  |  |  |  | 92,901 |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government agencies |  |  | 37,476 |  |  |  |  |  | 37,476 |  |  |  |
U.S. Government-sponsored enterprises |  |  | 47,007 |  |  |  |  |  | 47,007 |  |  |  |
Total |  | $ | 339,586 |  | $ | 48,550 |  | $ | 291,036 |  | $ |  |
Schedule of Assets and Liabilities Measured at Fair Value on Nonrecurring Basis |
|  | Fair Value Measurement Using |
|  |  |  |  | Quoted Prices in |  | Significant |  | Significant |
|  |  |  | Active Markets for |  | Other Observable |  | Unobservable |
|  |  |  | Identical Assets |  | Inputs |  | Inputs |
September 30, 2015 |  | Amount |  | (Level 1) |  | (Level 2) |  | (Level 3) |
Impaired loans |  | $ | 7,031 |  |  |  |  |  |  |  | $ | 7,031 |
Other real estate owned |  | $ | 348 |  |  |  |  |  |  |  | $ | 348 |
|  | Fair Value Measurement Using |
|  |  |  |  | Quoted Prices in |  | Significant Other |  | Significant |
|  |  |  | Active Markets for |  | Observable |  | Unobservable |
|  |  |  | Identical Assets |  | Inputs |  | Inputs |
December 31, 2014 |  | Amount |  | (Level 1) |  | (Level 2) |  | (Level 3) |
Impaired loans |  | $ | 4,414 |  |  |  |  |  |  |  | $ | 4,414 |
Other real estate owned |  | $ | 218 |  |  |  |  |  |  |  | $ | 218 |
Additional Quantitative Information about Assets Measured at Fair Value on Nonrecurring Basis |
|  | Quantitative Information about Level 3 Fair Value Measurements |
|  | Fair Value |  |  |  |  |  | Range |
September 30, 2015 |  | Estimate |  | Valuation Techniques |  | Unobservable Input |  | (Weighted Average) |
Impaired loans |  | $ | 7,031 |  | Appraisal of collateral |  | Appraisal adjustments |  | 3.0% to 77.0% (58.0)% |
|  |  |  |  |  |  | Liquidation expenses |  | 3.0% to 6.0% (5.4)% |
Other real estate owned |  | $ | 348 |  | Appraisal of collateral |  | Appraisal adjustments |  | 20.0% to 77.9% (42.4)% |
|  |  |  |  |  |  | Liquidation expenses |  | 3.0% to 6.0% (5.0)% |
|  | Quantitative Information about Level 3 Fair Value Measurements |
|  | Fair Value |  |  |  |  |  | Range |
December 31, 2014 |  | Estimate |  | Valuation Techniques |  | Unobservable Input |  | (Weighted Average) |
Impaired loans |  | $ | 4,414 |  | Appraisal of collateral |  | Appraisal adjustments |  | 2.6% to 61.1% (24.5)% |
|  |  |  |  |  |  | Liquidation expenses |  | 3.0% to 6.0% (5.5)% |
Other real estate owned |  | $ | 218 |  | Appraisal of collateral |  | Appraisal adjustments |  | 19.7% to 47.8% (30.5)% |
|  |  |  |  |  |  | Liquidation expenses |  | 3.0% to 6.0% (5.0)% |
Carrying and Fair Values of Financial Instruments |
|  |  |  |  |  |  |  | Fair Value Hierarchy |
|  |  |  |  |  |  |  | Quoted |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Prices in |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Active |  | Significant |  |  |  |
|  |  |  |  |  |  |  | Markets for |  | Other |  | Significant |
|  |  |  |  |  |  |  | Identical |  | Observable |  | Unobservable |
|  | Carrying |  | Fair |  | Assets |  | Inputs |  | Inputs |
September 30, 2015 |  | Value |  | Value |  | (level 1) |  | (level 2) |  | (Level 3) |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 40,985 |  | $ | 40,985 |  | $ | 40,985 |  |  |  |  |  |  |
Investment securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale |  |  | 299,832 |  |  | 299,832 |  | $ | 16,067 |  | $ | 283,765 |  |  |  |
Held-to-maturity |  |  | 13,107 |  |  | 13,582 |  |  |  |  |  | 13,582 |  |  |  |
Loans held for sale |  |  | 3,439 |  |  | 3,445 |  |  |  |  |  | 3,445 |  |  |  |
Net loans |  |  | 1,258,502 |  |  | 1,271,728 |  |  |  |  |  |  |  | $ | 1,271,728 |
Accrued interest receivable |  |  | 5,327 |  |  | 5,327 |  |  |  |  |  | 5,327 |  |  |  |
Mortgage servicing rights |  |  | 514 |  |  | 1,114 |  |  |  |  |  | 1,114 |  |  |  |
Restricted equity securities |  |  | 3,344 |  |  | 3,344 |  |  |  |  |  | 3,344 |  |  |  |
Total |  | $ | 1,625,050 |  | $ | 1,639,357 |  |  |  |  |  |  |  |  |  |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,444,650 |  | $ | 1,446,393 |  |  |  |  |  | 1,446,393 |  |  |  |
Short-term borrowings |  |  | 30,250 |  |  | 30,250 |  |  |  |  |  | 30,250 |  |  |  |
Long-term debt |  |  | 31,000 |  |  | 32,614 |  |  |  |  |  | 32,614 |  |  |  |
Accrued interest payable |  |  | 496 |  |  | 496 |  |  |  |  | $ | 496 |  |  |  |
Total |  | $ | 1,506,396 |  | $ | 1,509,753 |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Fair Value Hierarchy |
|  |  |  |  |  |  |  | Quoted |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Prices in |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Active |  | Significant |  |  |  |
|  |  |  |  |  |  |  | Markets for |  | Other |  | Significant |
|  |  |  |  |  |  |  | Identical |  | Observable |  | Unobservable |
|  | Carrying |  | Fair |  | Assets |  | Inputs |  | Inputs |
December 31, 2014 |  | Value |  | Value |  | (level 1) |  | (level 2) |  | (Level 3) |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 31,426 |  | $ | 31,426 |  | $ | 31,426 |  |  |  |  |  |  |
Investment securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale |  |  | 339,586 |  |  | 339,586 |  | $ | 48,550 |  | $ | 291,036 |  |  |  |
Held-to-maturity |  |  | 14,665 |  |  | 15,215 |  |  |  |  |  | 15,215 |  |  |  |
Loans held for sale |  |  | 3,486 |  |  | 3,492 |  |  |  |  |  | 3,492 |  |  |  |
Net loans |  |  | 1,199,556 |  |  | 1,210,369 |  |  |  |  |  |  |  | $ | 1,210,369 |
Accrued interest receivable |  |  | 5,580 |  |  | 5,580 |  |  |  |  |  | 5,580 |  |  |  |
Mortgage servicing rights |  |  | 676 |  |  | 1,466 |  |  |  |  |  | 1,466 |  |  |  |
Restricted equity securities |  |  | 3,687 |  |  | 3,687 |  |  |  |  |  | 3,687 |  |  |  |
Total |  | $ | 1,598,662 |  | $ | 1,610,821 |  |  |  |  |  |  |  |  |  |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,425,558 |  | $ | 1,427,081 |  |  |  |  |  | 1,427,081 |  |  |  |
Short-term borrowings |  |  | 19,557 |  |  | 19,557 |  |  |  |  |  | 19,557 |  |  |  |
Long-term debt |  |  | 33,140 |  |  | 34,772 |  |  |  |  |  | 34,772 |  |  |  |
Accrued interest payable |  |  | 574 |  |  | 574 |  |  |  |  | $ | 574 |  |  |  |
Total |  | $ | 1,478,829 |  | $ | 1,481,984 |  |  |  |  |  |  |  |  |  |

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 5 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258 + 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=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
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=36462937&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=36462937&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration