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Fair Value Measurement (Tables) | 9 Months Ended
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Sep. 30, 2018
Fair Value Disclosures [Abstract] |
Assets and Liabilities Measured at Fair Value | Assets and liabilities measured at fair value are summarized in the table below.
|  | Fair Value Measurements at September 30, 2018 Using: |
Assets: |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Assets measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. Government agencies |  | $ | — |  |  | $ | 28,975 |  |  | $ | — |
Obligations of states and political subdivisions |  |  | — |  |  |  | 153,870 |  |  |  | — |
Mortgage-backed securities in government sponsored entities |  |  | — |  |  |  | 134,121 |  |  |  | — |
Total securities available for sale |  |  | — |  |  |  | 316,966 |  |  |  | — |
Equity securities in financial institutions |  |  | — |  |  |  | 1,146 |  |  |  | — |
Swap asset |  |  | — |  |  |  | 2,059 |  |  |  | — |
Liabilities measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Swap liability |  |  | — |  |  |  | 2,059 |  |  |  | — |
Assets measured at fair value on a nonrecurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | — |  |  | $ | — |  |  | $ | 2,685 |
|  | Fair Value Measurements at December 31, 2017 Using: |
Assets: |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Assets measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. Government agencies |  | $ | — |  |  | $ | 30,358 |  |  | $ | — |
Obligations of states and political subdivisions |  |  | — |  |  |  | 118,056 |  |  |  | — |
Mortgage-backed securities in government sponsored entities |  |  | — |  |  |  | 81,816 |  |  |  | — |
Total securities available for sale |  |  | — |  |  |  | 230,230 |  |  |  | — |
Equity securities in financial institutions |  |  | — |  |  |  | 832 |  |  |  | — |
Swap asset |  |  | — |  |  |  | 1,560 |  |  |  | — |
Liabilities measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Swap liability |  |  | — |  |  |  | 1,560 |  |  |  | — |
Assets measured at fair value on a nonrecurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | — |  |  | $ | — |  |  | $ | 1,040 |
Other real estate owned |  |  | — |  |  |  | — |  |  |  | 16 |
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, 2018.
|  | Quantitative Information about Level 3 Fair Value Measurements |
September 30, 2018 |  | Fair Value |  |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted Average |
Impaired loans |  | $ | 2,685 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 10% - 100% |  | 26% |
|  |  |  |  |  |  |  | Liquidation expense |  | 0% - 10% |  | 9% |
|  |  |  |  |  |  |  | Holding period |  | 0 - 30 months |  | 20 months |
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, 2017.
|  | Quantitative Information about Level 3 Fair Value Measurements |
December 31, 2017 |  | Fair Value |  |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted Average |
Impaired loans |  | $ | 1,040 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 0% - 30% |  | 16% |
|  |  |  |  |  |  |  | Liquidation expense |  | 0% - 10% |  | 8% |
|  |  |  |  |  |  |  | Holding period |  | 0 - 30 months |  | 20 months |
Other real estate owned |  | $ | 16 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 10% - 30% |  | 10% |
|  |  |  |  |  |  |  | Liquidation expense |  | 0% - 10% |  | 10% |
Carrying Amount and Fair Value of Financial Instruments Not Measured at Fair Value on a Recurring or Nonrecurring Basis | The carrying amount and fair values of financial instruments not measured at fair value on a recurring or nonrecurring basis at September 30, 2018 are as follows:
September 30, 2018 |  | Carrying Amount |  |  | Total Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from financial institutions |  | $ | 64,754 |  |  | $ | 64,754 |  |  | $ | 64,754 |  |  | $ | — |  |  | $ | — |
Other securities |  |  | 17,774 |  |  |  | 17,774 |  |  |  | 17,774 |  |  |  | — |  |  |  | — |
Loans, held for sale |  |  | 4,025 |  |  |  | 4,025 |  |  |  | 4,025 |  |  |  | — |  |  |  | — |
Loans, net of allowance |  |  | 1,502,313 |  |  |  | 1,495,951 |  |  |  | — |  |  |  | — |  |  |  | 1,495,951 |
Bank owned life insurance |  |  | 42,750 |  |  |  | 42,750 |  |  |  | 42,750 |  |  |  | — |  |  |  | — |
Accrued interest receivable |  |  | 6,878 |  |  |  | 6,878 |  |  |  | 6,878 |  |  |  | — |  |  |  | — |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonmaturing deposits |  |  | 1,300,365 |  |  |  | 1,300,365 |  |  |  | 1,300,365 |  |  |  | — |  |  |  | — |
Time deposits |  |  | 277,390 |  |  |  | 278,680 |  |  |  | — |  |  |  | — |  |  |  | 278,680 |
Short-term FHLB advances |  |  | 140,100 |  |  |  | 140,100 |  |  |  | 140,100 |  |  |  | — |  |  |  | — |
Long-term FHLB advances |  |  | 5,000 |  |  |  | 4,985 |  |  |  | — |  |  |  | — |  |  |  | 4,985 |
Securities sold under agreement to repurchase |  |  | 18,515 |  |  |  | 18,515 |  |  |  | 18,515 |  |  |  | — |  |  |  | — |
Subordinated debentures |  |  | 29,427 |  |  |  | 32,016 |  |  |  | — |  |  |  | — |  |  |  | 32,016 |
Accrued interest payable |  |  | 184 |  |  |  | 184 |  |  |  | 184 |  |  |  | — |  |  |  | — |
The carrying amount and fair values of financial instruments not measured at fair value on a recurring or nonrecurring basis at December 31, 2017 are as follows:
December 31, 2017 |  | Carrying Amount |  |  | Total Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from financial institutions |  | $ | 40,519 |  |  | $ | 40,519 |  |  | $ | 40,519 |  |  | $ | — |  |  | $ | — |
Loans, held for sale |  |  | 2,197 |  |  |  | 2,197 |  |  |  | 2,197 |  |  |  | — |  |  |  | — |
Loans, net of allowance |  |  | 1,151,527 |  |  |  | 1,146,969 |  |  |  | — |  |  |  | — |  |  |  | 1,146,969 |
Other securities |  |  | 14,247 |  |  |  | 14,247 |  |  |  | 14,247 |  |  |  | — |  |  |  | — |
Bank owned life insurance |  |  | 25,125 |  |  |  | 25,125 |  |  |  | 25,125 |  |  |  | — |  |  |  | — |
Accrued interest receivable |  |  | 4,488 |  |  |  | 4,488 |  |  |  | 4,488 |  |  |  | — |  |  |  | — |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonmaturing deposits |  |  | 981,021 |  |  |  | 981,021 |  |  |  | 981,021 |  |  |  | — |  |  |  | — |
Time deposits |  |  | 223,902 |  |  |  | 223,626 |  |  |  | — |  |  |  | — |  |  |  | 223,626 |
Short-term FHLB advances |  |  | 56,900 |  |  |  | 56,900 |  |  |  | 56,900 |  |  |  | — |  |  |  | — |
Long-term FHLB advances |  |  | 15,000 |  |  |  | 14,964 |  |  |  | — |  |  |  | — |  |  |  | 14,964 |
Securities sold under agreement to repurchase |  |  | 21,755 |  |  |  | 21,755 |  |  |  | 21,755 |  |  |  | — |  |  |  | — |
Subordinated debentures |  |  | 29,427 |  |  |  | 31,052 |  |  |  | — |  |  |  | — |  |  |  | 31,052 |
Accrued interest payable |  |  | 410 |  |  |  | 410 |  |  |  | 410 |  |  |  | — |  |  |  | — |

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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://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 2: 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 3: 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
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