XML 52 R20.htm IDEA: XBRL DOCUMENT

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31, 2015 or December 31, 2014. 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 Identical				Other Observable				Significant Unobservable
(Dollars in thousands)		Assets				Inputs				Inputs				Balance at
		(Level 1)				(Level 2)				(Level 3)				Date Indicated
Investment Securities, Available for
Sale – March 31, 2015
U.S. Treasury notes and bonds		$	—			$	8,121			$	—			$	8,121
U.S. Government and federal agency			—				49,747				—				49,747
State and municipal			—				62,164				10,781				72,945
Mortgage-backed			—				8,554				—				8,554
Corporate			—				7,185				397				7,582
Foreign debt			—				1,001				—				1,001
Equity securities			808				—				1,500				2,308
Asset backed securities			—				349				—				349
Total		$	808			$	137,121			$	12,678			$	150,607

Investment Securities, Available for
Sale - December 31, 2014
U.S. Treasury notes and bonds		$	—			$	8,058			$	—			$	8,058
U.S. Government and federal agency			—				44,503				—				44,503
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

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)
			2015				2014
Investment Securities, Available for Sale
Balance, January 1		$	11,641			$	11,328
Total realized and unrealized gains included in income			—				—
Total unrealized gains (losses) included in other comprehensive income			60				(261	)
Net purchases, sales, calls, and maturities			977				(17	)
Net transfers into Level 3			—				74
Balance, March 31		$	12,678			$	11,124

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

						Quoted Prices
						in Active				Significant
						Markets for Identical				Other Observable				Significant Unobservable
(Dollars in thousands)		Balance at				Assets				Inputs				Inputs
		Dates Indicated				(Level 1)				(Level 2)				(Level 3)
Impaired Loans
March 31, 2015		$	5,986			$	—			$	—			$	5,986
December 31, 2014		$	6,885			$	—			$	—			$	6,885

Other Real Estate
March 31, 2015		$	249			$	—			$	—			$	249
December 31, 2014		$	150			$	—			$	—			$	150

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