XML 50 R47.htm IDEA: XBRL DOCUMENT

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Schedule of assets measured at fair value on a recurring basis

There were no liabilities measured at fair value as of December 31, 2014 or December 31, 2013. Disclosures concerning assets measured at fair value are as follows:

Assets Measured at Fair Value on a Recurring Basis

		Quoted Prices
		In Active				Significant
		Markets for				Other				Significant
		Identical				Observable				Unobservable
(Dollars in thousands)		Assets				Inputs				Inputs				Balance at
		(Level 1)				(Level 2)				(Level 3)				Date Indicated
Investment Securities, Available for
Sale - December 31, 2014
U. S. Government and federal agency		$	—			$	44,503			$	—			$	44,503
U. S. Treasury notes and bonds			—				8,058				—				8,058
State and municipal			—				60,091				9,744				69,835
Mortgage-backed			—				8,942				—				8,942
Corporate			—				7,140				398				7,538
Foreign debt			—				994				—				994
Equity securities			775				—				1,500				2,275
Asset backed securities			—				376				—				376
Total		$	775			$	130,104			$	11,642			$	142,521

Investment Securities, Available for
Sale - December 31, 2013
U. S. Government and federal agency		$	—			$	43,722			$	—			$	43,722
U. S. Treasury notes and bonds			—				7,224				—				7,224
State and municipal			—				55,234				9,541				64,775
Mortgage-backed			—				8,470				—				8,470
Corporate			—				8,417				398				8,815
Foreign debt			—				990				—				990
Equity securities			214				—				1,389				1,603
Asset backed securities			—				483				—				483
Total		$	214			$	124,540			$	11,328			$	136,082

Schedule of changes in Level 3 assets and liabilities measured at fair value on a recurring basis

Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis

(Dollars in thousands)
		2014				2013
Investment Securities, Available for Sale
Balance, January 1	$	11,328			$	2,599
Total realized and unrealized gains included in income		(11	)			—
Total unrealized gains/(losses) included in other comprehensive income		14				125
Net purchases, sales, calls, and maturities		237				3,890
Net transfers into Level 3		74				4,714
Balance, December 31	$	11,642			$	11,328

Schedule of assets measured at fair value on a nonrecurring basis

Disclosures concerning assets measured at fair value on a non-recurring basis are as follows:

Assets Measured at Fair Value on a Non-recurring Basis

(Dollars in thousands)		Balances at Dates Indicated				Quoted Prices In Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)

Impaired Loans
December 31, 2014		$	6,885			$	—			$	—			$	6,885
December 31, 2013		$	8,287			$	—			$	—			$	8,287

Other Real Estate
December 31, 2014		$	150			$	—			$	—			$	150
December 31, 2013		$	508			$	—			$	—			$	508

Tabular disclosure of the fair value measurement of assets 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.

+ References+ Details