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Fair Value Measurement (Tables) | 9 Months Ended
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Sep. 30, 2017
Fair Value Disclosures [Abstract] |
Assets Measured at Fair Value | Assets measured at fair value are summarized below.
|  | Fair Value Measurements at September 30, 2017 Using: |
Assets: |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Assets measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. Government agencies |  | $ | — |  |  | $ | 31,063 |  |  | $ | — |
Obligations of states and political subdivisions |  |  | — |  |  |  | 113,615 |  |  |  | — |
Mortgage-backed securities in government sponsored entities |  |  | — |  |  |  | 83,923 |  |  |  | — |
Equity securities in financial institutions |  |  | — |  |  |  | 818 |  |  |  | — |
Swap asset |  |  | — |  |  |  | 1,706 |  |  |  | — |
Liabilities measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Swap liability |  |  | — |  |  |  | 1,706 |  |  |  | — |
Assets measured at fair value on a nonrecurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | — |  |  | $ | — |  |  | $ | 1,639 |
Other real estate owned |  |  | — |  |  |  | — |  |  |  | 27 |
|  | Fair Value Measurements at December 31, 2016 Using: |
Assets: |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Assets measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. Government agencies |  | $ | — |  |  | $ | 37,446 |  |  | $ | — |
Obligations of states and political subdivisions |  |  | — |  |  |  | 94,998 |  |  |  | — |
Mortgage-backed securities in government sponsored entities |  |  | — |  |  |  | 62,642 |  |  |  | — |
Equity securities in financial institutions |  |  | — |  |  |  | 778 |  |  |  | — |
Swap asset |  |  | — |  |  |  | 1,839 |  |  |  | — |
Liabilities measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Swap liability |  |  | — |  |  |  | 1,839 |  |  |  | — |
Assets measured at fair value on a nonrecurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | — |  |  | $ | — |  |  | $ | 952 |
Other real estate owned |  |  | — |  |  |  | — |  |  |  | 37 |
Quantitative Information about Level 3 Fair Value Measurements | The following table presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a nonrecurring basis at September 30, 2017.
|  | Quantitative Information about Level 3 Fair Value Measurements |
September 30, 2017 |  | Fair Value |  |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted Average |
Impaired loans |  | $ | 1,639 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 10% - 48% |  |  | 34% |
|  |  |  |  |  |  |  | Liquidation expense |  | 0% - 10% |  |  | 4% |
|  |  |  |  |  |  |  | Holding period |  | 0 - 30 months |  | 20 months |
Other real estate owned |  | $ | 27 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 10% - 30% |  |  | 10% |
|  |  |  |  |  |  |  | Liquidation expense |  | 0% - 10% |  |  | 10% |
The following table presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a nonrecurring basis at December 31, 2016.
|  | Quantitative Information about Level 3 Fair Value Measurements |
December 31, 2016 |  | Fair Value |  |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted Average |
Impaired loans |  | $ | 952 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 10% - 67% |  |  | 64% |
|  |  |  |  |  |  |  | Liquidation expense |  | 0% - 10% |  |  | 4% |
|  |  |  |  |  |  |  | Holding period |  | 0 - 30 months |  | 19 months |
Other real estate owned |  | $ | 37 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 10% - 30% |  |  | 10% |
|  |  |  |  |  |  |  | Liquidation expense |  | 0% - 10% |  |  | 10% |
Carrying Amount and Fair Value of Financial Instruments | The carrying amount and fair values of financial instruments are as follows:
September 30, 2017 |  | Carrying Amount |  |  | Total Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from financial institutions |  | $ | 33,394 |  |  | $ | 33,394 |  |  | $ | 33,394 |  |  | $ | — |  |  | $ | — |
Securities available for sale |  |  | 229,419 |  |  |  | 229,419 |  |  |  | — |  |  |  | 229,419 |  |  |  | — |
Other securities |  |  | 14,247 |  |  |  | 14,247 |  |  |  | 14,247 |  |  |  | — |  |  |  | — |
Loans, held for sale |  |  | 4,662 |  |  |  | 4,662 |  |  |  | 4,662 |  |  |  | — |  |  |  | — |
Loans, net of allowance for loan losses |  |  | 1,129,046 |  |  |  | 1,130,083 |  |  |  | — |  |  |  | — |  |  |  | 1,130,083 |
Bank owned life insurance |  |  | 24,981 |  |  |  | 24,981 |  |  |  | 24,981 |  |  |  | — |  |  |  | — |
Accrued interest receivable |  |  | 4,999 |  |  |  | 4,999 |  |  |  | 4,999 |  |  |  | — |  |  |  | — |
Swap asset |  |  | 1,706 |  |  |  | 1,706 |  |  |  | — |  |  |  | 1,706 |  |  |  | — |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonmaturing deposits |  |  | 947,262 |  |  |  | 947,262 |  |  |  | 947,262 |  |  |  | — |  |  |  | — |
Time deposits |  |  | 254,027 |  |  |  | 254,017 |  |  |  | — |  |  |  | — |  |  |  | 254,017 |
Short-term FHLB advances |  |  | 41,750 |  |  |  | 41,722 |  |  |  | 41,722 |  |  |  | — |  |  |  | — |
Long-term FHLB advances |  |  | 15,000 |  |  |  | 14,966 |  |  |  | — |  |  |  | — |  |  |  | 14,966 |
Securities sold under agreement to repurchase |  |  | 15,148 |  |  |  | 15,148 |  |  |  | 15,148 |  |  |  | — |  |  |  | — |
Subordinated debentures |  |  | 29,427 |  |  |  | 29,470 |  |  |  | — |  |  |  | — |  |  |  | 29,470 |
Accrued interest payable |  |  | 244 |  |  |  | 244 |  |  |  | 244 |  |  |  | — |  |  |  | — |
Swap liability |  |  | 1,706 |  |  |  | 1,706 |  |  |  | — |  |  |  | 1,706 |  |  |  | — |
December 31, 2016 |  | Carrying Amount |  |  | Total Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from financial institutions |  | $ | 36,695 |  |  | $ | 36,695 |  |  | $ | 36,695 |  |  | $ | — |  |  | $ | — |
Securities available for sale |  |  | 195,864 |  |  |  | 195,864 |  |  |  | — |  |  |  | 195,864 |  |  |  | — |
Loans, held for sale |  |  | 2,268 |  |  |  | 2,268 |  |  |  | 2,268 |  |  |  | — |  |  |  | — |
Loans, net of allowance for loan losses |  |  | 1,042,201 |  |  |  | 1,047,329 |  |  |  | — |  |  |  | — |  |  |  | 1,047,329 |
Other securities |  |  | 14,055 |  |  |  | 14,055 |  |  |  | 14,055 |  |  |  | — |  |  |  | — |
Bank owned life insurance |  |  | 24,552 |  |  |  | 24,552 |  |  |  | 24,552 |  |  |  | — |  |  |  | — |
Accrued interest receivable |  |  | 3,854 |  |  |  | 3,854 |  |  |  | 3,854 |  |  |  | — |  |  |  | — |
Swap asset |  |  | 1,839 |  |  |  | 1,839 |  |  |  | — |  |  |  | 1,839 |  |  |  | — |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonmaturing deposits |  |  | 913,677 |  |  |  | 913,677 |  |  |  | 913,677 |  |  |  | — |  |  |  | — |
Time deposits |  |  | 207,426 |  |  |  | 207,784 |  |  |  | — |  |  |  | — |  |  |  | 207,784 |
Short-term FHLB advances |  |  | 31,000 |  |  |  | 31,007 |  |  |  | 31,007 |  |  |  | — |  |  |  | — |
Long-term FHLB advances |  |  | 17,500 |  |  |  | 17,553 |  |  |  | — |  |  |  | — |  |  |  | 17,553 |
Securities sold under agreement to repurchase |  |  | 28,925 |  |  |  | 28,925 |  |  |  | 28,925 |  |  |  | — |  |  |  | — |
Subordinated debentures |  |  | 29,427 |  |  |  | 27,414 |  |  |  | — |  |  |  | — |  |  |  | 27,414 |
Accrued interest payable |  |  | 181 |  |  |  | 181 |  |  |  | 181 |  |  |  | — |  |  |  | — |
Swap liability |  |  | 1,839 |  |  |  | 1,839 |  |  |  | — |  |  |  | 1,839 |  |  |  | — |

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, used to measure similar assets in prior periods (non-recurring basis) by class of asset or liability. + 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 + Details
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- Definition Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + 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 (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: 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 Reference 3: 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 + Details
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