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Fair Value Disclosures (Tables)

6 Months Ended

Jun. 30, 2017

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:

		June 30, 2017
		Fair Value Measurements Using
		Level 1				Level 2				Level 3				Total
		(In Thousands)
Assets:
Securities available-for-sale:
U.S. Government agency obligations - government-sponsored enterprises		$	—			$	5,306			$	—			$	5,306
Municipal obligations		—				7,670				—				7,670
Asset backed securities		—				1,009				—				1,009
Collateralized mortgage obligations - government issued		—				25,234				—				25,234
Collateralized mortgage obligations - government-sponsored enterprises		—				97,615				—				97,615
Interest rate swaps		—				873				—				873
Liabilities:
Interest rate swaps		—				873				—				873

		December 31, 2016
		Fair Value Measurements Using
		Level 1				Level 2				Level 3				Total
		(In Thousands)
Assets:
Securities available-for-sale:
U.S. Government agency obligations - government-sponsored enterprises		$	—			$	6,295			$	—			$	6,295
Municipal obligations		—				8,156				—				8,156
Asset backed securities		—				1,081				—				1,081
Collateralized mortgage obligations - government issued		—				31,213				—				31,213
Collateralized mortgage obligations - government-sponsored enterprises		—				99,148				—				99,148
Interest rate swaps		—				352				—				352
Liabilities:
Interest rate swaps		—				352				—				352

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:

		June 30, 2017
		Fair Value Measurements Using
		Level 1				Level 2				Level 3				Total
		(In Thousands)
Impaired loans		$	—			$	10,988			$	6,416			$	17,404
Foreclosed properties		—				2,873				—				2,873
Loan servicing rights		—				—				1,919				1,919

		December 31, 2016
		Fair Value Measurements Using
		Level 1				Level 2				Level 3				Total
		(In Thousands)
Impaired loans		$	—			$	12,268			$	1,097			$	13,365
Foreclosed properties		—				1,472				—				1,472
Loan servicing rights		—				—				1,906				1,906

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:

		June 30, 2017
		Carrying Amount				Fair Value
						Total				Level 1				Level 2				Level 3
		(In Thousands)
Financial assets:
Cash and cash equivalents		$	63,745			$	63,763			$	46,515			$	17,248			$	—
Securities available-for-sale		136,834				136,834				—				136,834				—
Securities held-to-maturity		37,806				38,152				—				38,152				—
Loans held for sale		3,491				3,840				—				3,840				—
Loans and lease receivables, net		1,436,498				1,448,491				—				10,988				1,437,503
Bank-owned life insurance		39,674				39,674				39,674				—				—
Federal Home Loan Bank and Federal Reserve Bank stock		2,815				2,815				—				—				2,815
Accrued interest receivable		4,428				4,428				4,428				—				—
Interest rate swaps		873				873				—				873				—
Financial liabilities:
Deposits		1,474,598				1,475,442				1,066,143				409,299				—
Federal Home Loan Bank advances and other borrowings		106,395				105,885				—				105,885				—
Junior subordinated notes		10,012				8,867				—				—				8,867
Accrued interest payable		1,735				1,735				1,735				—				—
Interest rate swaps		873				873				—				873				—
Off-balance-sheet items:
Standby letters of credit		89				89				—				—				89

		December 31, 2016
		Carrying Amount				Fair Value
						Total				Level 1				Level 2				Level 3
		(In Thousands)
Financial assets:
Cash and cash equivalents		$	77,517			$	77,517			$	55,622			$	21,895			$	—
Securities available-for-sale		145,893				145,893				—				145,893				—
Securities held-to-maturity		38,612				38,520				—				38,520				—
Loans held for sale		1,111				1,222				—				1,222				—
Loans and lease receivables, net		1,429,763				1,447,044				—				12,268				1,434,776
Bank-owned life insurance		39,048				39,048				—				39,048				—
Federal Home Loan Bank and Federal Reserve Bank stock		2,131				2,131				—				2,131				—
Accrued interest receivable		4,677				4,677				4,677				—				—
Interest rate swaps		352				352				—				352				—
Financial liabilities:
Deposits		1,538,855				1,539,413				1,063,720				475,693				—
Federal Home Loan Bank advances and other borrowings		59,676				60,893				—				60,893				—
Junior subordinated notes		10,004				9,072				—				—				9,072
Accrued interest payable		1,765				1,765				1,765				—				—
Interest rate swaps		352				352				—				352				—
Off-balance-sheet items:
Standby letters of credit		58				58				—				—				58

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

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-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=77997519&loc=d3e13476-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-Section 50
-Paragraph 2
-Subparagraph (a)
-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=77997519&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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