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Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring Basis

Assets and liabilities measured at fair value on a recurring basis, segregated by fair value hierarchy level, are summarized below:

		Fair Value Measurements Using
September 30, 2016		Level 1				Level 2				Level 3				Total
		(In Thousands)
Assets:
Securities available-for-sale:
Municipal obligations		$	—			$	8,277			$	—			$	8,277
Asset backed securities		—				1,130				—				1,130
U.S. Government agency obligations - government-sponsored enterprises		—				6,337				—				6,337
Collateralized mortgage obligations - government issued		—				31,282				—				31,282
Collateralized mortgage obligations - government-sponsored enterprises		—				107,454				—				107,454
Interest rate swaps		—				1,014				—				1,014
Liabilities:
Interest rate swaps		$	—			$	1,014			$	—			$	1,014

		Fair Value Measurements Using
December 31, 2015		Level 1				Level 2				Level 3				Total
		(In Thousands)
Assets:
Securities available-for-sale:
Municipal obligations		$	—			$	4,283			$	—			$	4,283
Asset backed securities		—				1,269				—				1,269
U.S. Government agency obligations - government-sponsored enterprises		—				8,017				—				8,017
Collateralized mortgage obligations - government issued		—				44,543				—				44,543
Collateralized mortgage obligations - government-sponsored enterprises		—				82,436				—				82,436
Interest rate swaps		—				552				—				552
Liabilities:
Interest rate swaps		$	—			$	552			$	—			$	552

Fair Value Measurements, Nonrecurring Basis

Assets and liabilities measured at fair value on a non-recurring basis, segregated by fair value hierarchy are summarized below:

		Balance at				Fair Value Measurements Using												Total Gains (Losses)
		September 30, 2016				Level 1				Level 2				Level 3
		(In Thousands)
Impaired loans		$	14,623			$	—			$	13,627			$	996			$	—
Foreclosed properties		1,527				—				1,527				—				(23		)
Loan servicing rights		1,879				—				—				1,879				—

		Balance at				Fair Value Measurements Using												Total Gains (Losses)
		December 31, 2015				Level 1				Level 2				Level 3
		(In Thousands)
Impaired loans		$	17,763			$	—			$	11,518			$	6,245			$	—
Foreclosed properties		1,677				—				1,677				—				(36		)
Loan servicing rights		1,563				—				—				1,563				—

Fair Value, by Balance Sheet Grouping

Fair value estimates, methods and assumptions, consistent with exit price concepts for fair value measurements, are set forth below:

		September 30, 2016
		Carrying Amount				Fair Value
						Total				Level 1				Level 2				Level 3
		(In Thousands)
Financial assets:
Cash and cash equivalents		$	68,764			$	68,771			$	48,689			$	4,457			$	15,625
Securities available-for-sale		154,480				154,480				—				154,480				—
Securities held-to-maturity		35,109				35,964				—				35,964				—
Loans held for sale		2,627				2,627				—				2,627				—
Loans and lease receivables, net		1,438,230				1,475,215				—				13,627				1,461,588
Federal Home Loan Bank and Federal Reserve Bank stock		2,165				2,165				—				—				2,165
Bank-owned life insurance		29,028				29,028				29,028				—				—
Accrued interest receivable		4,448				4,448				4,448				—				—
Interest rate swaps		1,014				1,014				—				1,014				—
Financial liabilities:
Deposits		$	1,566,199			$	1,573,273			$	1,054,776			$	518,497			$	—
Federal Home Loan Bank and other borrowings		29,946				30,844				—				30,844				—
Junior subordinated notes		10,001				6,534				—				—				6,534
Interest rate swaps		1,014				1,014				—				1,014				—
Accrued interest payable		1,930				1,930				1,930				—				—
Off-balance-sheet items:
Standby letters of credit		50				50				—				—				50

		December 31, 2015
		Carrying Amount				Fair Value
						Total				Level 1				Level 2				Level 3
		(In Thousands)
Financial assets:
Cash and cash equivalents		$	113,564			$	113,564			$	100,063			$	4,451			$	9,050
Securities available-for-sale		140,548				140,548				—				140,548				—
Securities held-to-maturity		37,282				37,558				—				37,558				—
Loans held for sale		2,702				2,702				—				2,702				—
Loans and lease receivables, net		1,414,649				1,445,773				—				11,518				1,434,255
Federal Home Loan Bank and Federal Reserve Bank stock		2,843				2,843				—				—				2,843
Cash surrender value of life insurance		28,298				28,298				28,298				—				—
Accrued interest receivable		4,412				4,412				4,412				—				—
Interest rate swaps		552				552				—				552				—
Financial liabilities:
Deposits		$	1,577,231			$	1,577,838			$	1,009,762			$	568,076			$	—
Federal Home Loan Bank and other borrowings		34,740				35,353				—				35,353				—
Junior subordinated notes		9,990				6,614				—				—				6,614
Interest rate swaps		552				552				—				552				—
Accrued interest payable		1,766				1,766				1,766				—				—
Off-balance-sheet items:
Standby letters of credit		183				183				—				—				183

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 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
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-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13476-108611

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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
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-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13467-108611

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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