XML 47 R37.htm IDEA: XBRL DOCUMENT v3.19.1

Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2019

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:

		March 31, 2019
		Fair Value Measurements Using
		Level 1				Level 2				Level 3				Total
		(In Thousands)
Assets:
Securities available-for-sale:
U.S. government agency securities - government-sponsored enterprises		$	—			$	994			$	—			$	994
Municipal securities		—				5,820				—				5,820
Mortgage backed securities - government issued		—				40,123				—				40,123
Mortgage backed securities - government-sponsored enterprises		—				107,676				—				107,676
Other securities		—				2,170				—				2,170
Interest rate swaps		—				8,337				—				8,337
Liabilities:
Interest rate swaps		—				9,430				—				9,430

		December 31, 2018
		Fair Value Measurements Using
		Level 1				Level 2				Level 3				Total
		(In Thousands)
Assets:
Securities available-for-sale:
U.S. government agency securities - government-sponsored enterprises		$	—			$	990			$	—			$	990
Municipal securities		—				5,886				—				5,886
Mortgage backed securities - government issued		—				19,628				—				19,628
Mortgage backed securities - government-sponsored enterprises		—				109,478				—				109,478
Other securities		—				2,376				—				2,376
Interest rate swaps		—				4,637				—				4,637
Liabilities:
Interest rate swaps		—				4,779				—				4,779

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:

		March 31, 2019
		Fair Value Measurements Using
		Level 1				Level 2				Level 3				Total
		(In Thousands)
Impaired loans		$	—			$	—			$	17,696			$	17,696
Foreclosed properties		—				—				2,547				2,547
Loan servicing rights		—				—				1,260				1,260

		December 31, 2018
		Fair Value Measurements Using
		Level 1				Level 2				Level 3				Total
		(In Thousands)
Impaired loans		$	—			$	—			$	15,706			$	15,706
Foreclosed properties		—				—				2,547				2,547
Loan servicing rights		—				—				1,278				1,278

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:

		March 31, 2019
		Carrying Amount				Fair Value
						Total				Level 1				Level 2				Level 3
		(In Thousands)
Financial assets:
Cash and cash equivalents		$	56,335			$	56,335			$	47,135			$	9,200			$	—
Securities available-for-sale		156,783				156,783				—				156,783				—
Securities held-to-maturity		35,914				36,005				—				36,005				—
Loans held for sale		5,447				5,992				—				5,992				—
Loans and lease receivables, net		1,636,197				1,627,986				—				—				1,627,986
Federal Home Loan Bank stock		6,635				N/A				N/A				N/A				N/A
Accrued interest receivable		6,392				6,392				6,392				—				—
Interest rate swaps		8,337				8,337				—				8,337				—
Financial liabilities:
Deposits		1,501,706				1,500,206				1,072,269				427,937				—
Federal Home Loan Bank advances and other borrowings		269,958				265,608				—				265,608				—
Junior subordinated notes		10,037				9,958				—				—				9,958
Accrued interest payable		3,861				3,861				3,861				—				—
Interest rate swaps		9,430				9,430				—				9,430				—
Off-balance sheet items:
Standby letters of credit		49				49				—				—				49

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

		December 31, 2018
		Carrying Amount				Fair Value
						Total				Level 1				Level 2				Level 3
		(In Thousands)
Financial assets:
Cash and cash equivalents		$	86,546			$	86,546			$	67,246			$	19,300			$	—
Securities available-for-sale		138,358				138,358				—				138,358				—
Securities held-to-maturity		37,731				37,409				—				37,409				—
Loans held for sale		5,287				5,816				—				5,816				—
Loans and lease receivables, net		1,597,230				1,589,323				—				—				1,589,323
Federal Home Loan Bank stock		7,240				N/A				N/A				N/A				N/A
Accrued interest receivable		5,684				5,684				5,684				—				—
Interest rate swaps		4,637				4,637				—				4,637				—
Financial liabilities:
Deposits		1,455,299				1,453,482				1,026,648				426,834				—
Federal Home Loan Bank advances and other borrowings		298,944				294,127				—				294,127				—
Junior subordinated notes		10,033				9,955				—				—				9,955
Accrued interest payable		3,696				3,696				3,696				—				—
Interest rate swaps		4,779				4,779				—				4,779				—
Off-balance sheet items:
Standby letters of credit		59				59				—				—				59

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