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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 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 September 30, 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				Significant
		in Active				Other				Significant
		Markets for Identical				Observable				Unobservable
(Dollars in thousands)		Assets				Inputs				Inputs				Balance at
		(Level 1)				(Level 2)				(Level 3)				Date Indicated
Investment Securities, Available for
Sale – September 30, 2015
U.S. Treasury notes and bonds		$	—			$	6,176			$	—			$	6,176
U.S. Government and federal agency			—				55,600				—				55,600
State and municipal			—				64,266				8,615				72,881
Mortgage-backed			—				7,529				—				7,529
Corporate			—				8,037				398				8,435
Foreign debt			—				1,001				—				1,001
Equity securities			912				—				1,500				2,412
Asset backed securities			—				295				—				295
Total		$	912			$	142,904			$	10,513			$	154,329
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		$	11,642			$	11,328
Total realized and unrealized gains included in income			—				(11	)
Total unrealized gains (losses) included in other comprehensive income			946				(115	)
Net purchases, sales, calls, and maturities			(2,075	)			(84	)
Net transfers into Level 3			—				74
Balance, September 30		$	10,513			$	11,192

Schedule of assets measured at fair value on a nonrecurring basis

The Bank also has assets that under certain conditions are subject to measurement at fair value on a non-recurring basis. These assets are not normally measured at fair value, but can be subject to fair value adjustments in certain circumstances, such as impairment. 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				Significant
						in Active				Other				Significant
						Markets for Identical				Observable				Unobservable
(Dollars in thousands)		Balance at				Assets				Inputs				Inputs
		Dates Indicated				(Level 1)				(Level 2)				(Level 3)
Impaired Loans
September 30, 2015		$	6,025			$	—			$	—			$	6,025
December 31, 2014		$	6,885			$	—			$	—			$	6,885
Other Real Estate
September 30, 2015		$	132			$	—			$	—			$	132
December 31, 2014		$	150			$	—			$	—			$	150

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



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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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 2



-Subparagraph (a),(b)



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- Definition

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

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 820



-SubTopic 10



-Section 50



-Paragraph 2



-Subparagraph (c)



-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258



Reference 2: http://www.xbrl.org/2003/role/presentationRef



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-Name Accounting Standards Codification



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-SubTopic 10



-Section 50



-Paragraph 3



-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

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