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Disclosures About Fair Value of Assets and Liabilities (Tables) | 6 Months Ended
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Jun. 30, 2019
Disclosures About Fair Value of Assets and Liabilities [Abstract] |
Assets Measured at Fair Value on Nonrecurring Basis | The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2019 and December 31, 2018 (dollars in thousands):
|  | Fair Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans (collateral- dependent) |  | $ | 1,919 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,919 |
Foreclosed assets held for sale |  | $ | 188 |  |  | $ | - |  |  | $ | - |  |  | $ | 188 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans (collateral-dependent) |  | $ | 506 |  |  | $ | - |  |  | $ | - |  |  | $ | 506 |
Foreclosed assets held for sale |  | $ | 110 |  |  | $ | - |  |  | $ | - |  |  | $ | 110 |
Quantitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements | The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements.
|  | Fair Value |  | Valuation Technique | Unobservable Inputs |  | Weighted- Average |
June 30, 2019 |  |  |  |  |  |  |  |
Collateral-dependent impaired loans |  | $ | 1,919 |  | Appraisals from comparable properties | Estimated cost to sell |  |  | 3-5 | %
Foreclosed assets held for sale |  | $ | 188 |  | Appraisals from comparable properties | Estimated cost to sell |  |  | 7-10 | %
December 31, 2018 |  |  |  |  |  |  |  |  |  |
Collateral-dependent impaired loans |  | $ | 506 |  | Appraisals from comparable properties | Estimated cost to sell |  |  | 7-10 | %
Foreclosed assets held for sale |  | $ | 110 |  | Appraisals from comparable properties | Estimated cost to sell |  |  | 7-10 | %
Estimated Fair Value of Financial Instruments not Recorded at Fair Value | The following tables presents estimated fair values of the Company’s financial instruments not recorded at fair value at June 30, 2019 and December 31, 2018 (dollars in thousands):
|  | Carrying |  |  | Fair Value Measurements |
|  | Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 123,763 |  |  | $ | 123,763 |  |  | $ | - |  |  | $ | - |  |  | $ | 123,763 |
Interest-bearing time deposits in other banks |  | $ | 32,632 |  |  | $ | - |  |  | $ | 32,631 |  |  | $ | - |  |  | $ | 32,631 |
Loans, net of allowance |  | $ | 623,614 |  |  | $ | - |  |  | $ | 621,399 |  |  | $ | 1,919 |  |  | $ | 623,318 |
Mortgage loans held for sale |  | $ | 8 |  |  | $ | - |  |  | $ | 8 |  |  | $ | - |  |  | $ | 8 |
Nonmarketable equity securities |  | $ | 1,069 |  |  | $ | - |  |  | $ | 1,069 |  |  | $ | - |  |  | $ | 1,069 |
Interest receivable |  | $ | 4,270 |  |  | $ | - |  |  | $ | 4,270 |  |  | $ | - |  |  | $ | 4,270 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 696,055 |  |  | $ | - |  |  | $ | 696,015 |  |  | $ | - |  |  | $ | 696,015 |
Interest payable |  | $ | 607 |  |  | $ | - |  |  | $ | 607 |  |  | $ | - |  |  | $ | 607 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 128,090 |  |  | $ | 128,090 |  |  | $ | - |  |  | $ | - |  |  | $ | 128,090 |
Interest-bearing time deposits in other banks |  | $ | 31,759 |  |  | $ | - |  |  | $ | 31,758 |  |  | $ | - |  |  | $ | 31,758 |
Loans, net of allowance |  | $ | 592,078 |  |  | $ | - |  |  | $ | 591,893 |  |  | $ | 506 |  |  | $ | 592,399 |
Mortgage loans held for sale |  | $ | 512 |  |  | $ | - |  |  | $ | 512 |  |  | $ | - |  |  | $ | 512 |
Nonmarketable equity securities |  | $ | 1,055 |  |  | $ | - |  |  | $ | 1,055 |  |  | $ | - |  |  | $ | 1,055 |
Interest receivable |  | $ | 4,538 |  |  | $ | - |  |  | $ | 4,538 |  |  | $ | - |  |  | $ | 4,538 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 675,903 |  |  | $ | - |  |  | $ | 675,017 |  |  | $ | - |  |  | $ | 675,017 |
Interest payable |  | $ | 461 |  |  | $ | - |  |  | $ | 461 |  |  | $ | - |  |  | $ | 461 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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