XML 45 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1

Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2018

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:

		September 30, 2018
		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		$	—			$	984			$	—			$	984
Municipal obligations		—				5,729				—				5,729
Collateralized mortgage obligations - government issued		—				20,280				—				20,280
Collateralized mortgage obligations - government-sponsored enterprises		—				105,619				—				105,619
Other securities		—				2,383				—				2,383
Interest rate swaps		—				2,470				—				2,470
Liabilities:
Interest rate swaps		—				1,180				—				1,180

		December 31, 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		$	—			$	1,000			$	—			$	1,000
Municipal obligations		—				9,414				—				9,414
Collateralized mortgage obligations - government issued		—				22,249				—				22,249
Collateralized mortgage obligations - government-sponsored enterprises		—				90,305				—				90,305
Other securities		—				3,037				—				3,037
Interest rate swaps		—				942				—				942
Liabilities:
Interest rate swaps		—				1,064				—				1,064

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:

		September 30, 2018
		Fair Value Measurements Using
		Level 1				Level 2				Level 3				Total
		(In Thousands)
Impaired loans		$	—			$	20,260			$	4,680			$	24,940
Foreclosed properties		—				1,454				—				1,454
Loan servicing rights		—				—				1,354				1,354

		December 31, 2017
		Fair Value Measurements Using
		Level 1				Level 2				Level 3				Total
		(In Thousands)
Impaired loans		$	—			$	10,063			$	5,084			$	15,147
Foreclosed properties		—				1,069				—				1,069

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, 2018
		Carrying Amount				Fair Value
						Total				Level 1				Level 2				Level 3
		(In Thousands)
Financial assets:
Cash and cash equivalents		$	40,293			$	40,293			$	26,993			$	13,300			$	—
Securities available-for-sale		134,995				134,995				—				134,995				—
Securities held-to-maturity		39,950				39,130				—				39,130				—
Loans held for sale		4,712				5,183				—				5,183				—
Loans and lease receivables, net		1,578,152				1,569,571				—				20,260				1,549,311
Federal Home Loan Bank stock		6,890				N/A				N/A				N/A				N/A
Accrued interest receivable		5,678				5,678				5,678				—				—
Interest rate swaps		2,470				2,470				—				2,470				—
Financial liabilities:
Deposits		1,408,903				1,405,963				965,540				440,423				—
Federal Home Loan Bank advances and other borrowings		281,430				276,601				—				276,601				—
Junior subordinated notes		10,029				9,951				—				—				9,951
Accrued interest payable		3,407				3,407				3,407				—				—
Interest rate swaps		1,180				1,180				—				1,180				—
Off-balance-sheet items:
Standby letters of credit		53				53				—				—				53

N/A = The fair value is not applicable due to restrictions placed on transferability

		December 31, 2017
		Carrying Amount				Fair Value
						Total				Level 1				Level 2				Level 3
		(In Thousands)
Financial assets:
Cash and cash equivalents		$	52,539			$	52,539			$	35,114			$	17,425			$	—
Securities available-for-sale		126,005				126,005				—				126,005				—
Securities held-to-maturity		37,778				37,696				—				37,696				—
Loans held for sale		2,194				2,413				—				2,413				—
Loans and lease receivables, net		1,482,832				1,482,664				—				10,063				1,472,601
Federal Home Loan Bank stock		5,670				N/A				N/A				N/A				N/A
Accrued interest receivable		5,019				5,019				5,019				—				—
Interest rate swaps		942				942				—				942				—
Financial liabilities:
Deposits		1,394,331				1,391,801				1,010,147				381,654				—
Federal Home Loan Bank advances and other borrowings		207,898				206,441				—				206,441				—
Junior subordinated notes		10,019				8,836				—				—				8,836
Accrued interest payable		2,095				2,095				2,095				—				—
Interest rate swaps		1,064				1,064				—				1,064				—
Off-balance-sheet items:
Standby letters of credit		75				75				—				—				75

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://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=99377789&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=99377789&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=99377789&loc=d3e19207-110258

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=109250915&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=99377789&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration