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Financial Instruments | 12 Months Ended
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Dec. 31, 2015
Fair Value Disclosures [Abstract] |
Financial Instruments | Note 17 – Financial Instruments Financial instruments as of the dates indicated were as follows:
|  |  |  |  |  |  |  |  |  |  | Quoted Prices |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | In Active |  |  |  | Significant |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  | Markets for |  |  |  | Other |  |  |  | Significant |
|  |  |  |  |  |  |  |  |  |  | Identical |  |  |  | Observable |  |  |  | Unobservable |
|  |  | Carrying |  |  |  | Estimated |  |  |  | Assets |  |  |  | Inputs |  |  |  | Inputs |
(Dollars in thousands) |  |  | Amount |  |  |  | Fair Value |  |  |  | (Level 1) |  |  |  | (Level 2) |  |  |  | (Level 3) |
December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 11,187 |  |  | $ | 11,187 |  |  | $ | 11,187 |  |  | $ | — |  |  | $ | — |
Securities available for sale |  |  | 160,136 |  |  |  | 160,136 |  |  |  | 953 |  |  |  | 147,384 |  |  |  | 11,799 |
Federal Home Loan Bank and Federal Reserve Bank stock |  |  | 3,187 |  |  |  | 3,187 |  |  |  | — |  |  |  | 3,187 |  |  |  | — |
Loans held for sale |  |  | 4,957 |  |  |  | 5,109 |  |  |  | — |  |  |  | 5,109 |  |  |  | — |
Loans, net |  |  | 345,110 |  |  |  | 349,875 |  |  |  | — |  |  |  | — |  |  |  | 349,875 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing deposits |  |  | 122,937 |  |  |  | 122,937 |  |  |  | — |  |  |  | 122,937 |  |  |  | — |
Interest-bearing deposits |  |  | 351,759 |  |  |  | 353,113 |  |  |  | — |  |  |  | 353,113 |  |  |  | — |
Repurchase agreements |  |  | 9,460 |  |  |  | 9,460 |  |  |  | — |  |  |  | 9,460 |  |  |  | — |
Federal Home Loan Bank advances |  |  | 11,332 |  |  |  | 12,028 |  |  |  | — |  |  |  | 12,028 |  |  |  | — |
December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 16,650 |  |  | $ | 16,650 |  |  | $ | 16,650 |  |  | $ | — |  |  | $ | — |
Securities available for sale |  |  | 142,521 |  |  |  | 142,521 |  |  |  | 775 |  |  |  | 130,104 |  |  |  | 11,642 |
Federal Home Loan Bank and Federal Reserve Bank stock |  |  | 3,185 |  |  |  | 3,185 |  |  |  | — |  |  |  | 3,185 |  |  |  | — |
Loans held for sale |  |  | 2,170 |  |  |  | 2,237 |  |  |  | — |  |  |  | 2,237 |  |  |  | — |
Loans, net |  |  | 341,940 |  |  |  | 345,656 |  |  |  | — |  |  |  | — |  |  |  | 345,656 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing deposits |  |  | 113,006 |  |  |  | 113,006 |  |  |  | — |  |  |  | 113,006 |  |  |  | — |
Interest-bearing deposits |  |  | 321,822 |  |  |  | 321,757 |  |  |  | — |  |  |  | 321,757 |  |  |  | — |
Repurchase agreements |  |  | 26,743 |  |  |  | 26,743 |  |  |  | — |  |  |  | 26,743 |  |  |  | — |
Federal Home Loan Bank advances |  |  | 18,363 |  |  |  | 18,402 |  |  |  | — |  |  |  | 18,402 |  |  |  | — |
The estimated fair values approximate the carrying amounts for all financial instruments except those described later in this paragraph. The methodology for determining the estimated fair value for securities available for sale is described in Note 18. The estimated fair value for loans is based on the rates charged at December 31 for new loans with similar maturities, applied until the loan is assumed to reprice or be paid. The allowance for loan losses is considered to be a reasonable estimate of discount for credit quality concerns. The estimated fair value of deposits is based on comparing the average rate paid on deposits compared to the three month Libor rate which is assumed to be the replacement value of these deposits. At December 31, 2015, all average rates were lower than the three month Libor rate causing fair values to be higher than carrying amounts. The estimated fair values for time deposits and FHLB advances are based on the rates paid at December 31 for new deposits or FHLB advances, applied until maturity. The estimated fair values for other financial instruments and off-balance sheet loan commitments are considered nominal.

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- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
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