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Fair Value Accounting (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value Accounting [Abstract]

Schedule of assets and liabilities measured at fair value on recurring basis

		June 30, 2017
(dollars in thousands)		Level 1			Level 2		Level 3		Total
Assets
Securities available for sale
US government agencies		$	-		9,200		-		9,200
SBA securities			-		4,417		-		4,417
State and political subdivisions			-		20,378		-		20,378
Mortgage-backed securities			-		47,384		-		47,384
Mortgage loans held for sale			-		11,480		-		11,480
Interest rate lock commitments			-		357		-		357
MBS forward sales commitments			-		72		-		72
Total assets measured at fair value on a recurring basis		$	-		93,288		-		93,288
		December 31, 2016
(dollars in thousands)		Level 1			Level 2		Level 3		Total
Assets
Securities available for sale:
US government agencies		$	-		6,159		-		6,159
SBA securities			-		1,437		-		1,437
State and political subdivisions			-		20,474		-		20,474
Mortgage-backed securities			-		36,410		-		36,410
Mortgage loans held for sale			-		7,801		-		7,801
Interest rate lock commitments			-		256		-		256
Total assets measured at fair value on a recurring basis		$	-		72,537		-		72,537
Liabilities
MBS forward sales commitments		$	-		3		-		3
Total liabilities measured at fair value on a recurring basis		$	-		3		-		3

Schedule of assets and liabilities measured on a nonrecurring basis

		As of June 30, 2017
(dollars in thousands)		Level 1			Level 2		Level 3		Total
Assets
Impaired loans		$	-		2,614		5,397		8,011
Other real estate owned			-		315		113		428
Total assets measured at fair value on a nonrecurring basis		$	-		2,929		5,510		8,439

		As of December 31, 2016
		Level 1			Level 2		Level 3		Total
Assets
Impaired loans		$	-		4,075		4,438		8,513
Other real estate owned			-		526		113		639
Total assets measured at fair value on a nonrecurring basis		$	-		4,601		4,551		9,152

Schedule of unobservable inputs used in the fair value measurements

		Valuation Technique		Significant Unobservable Inputs		Range of Inputs
Impaired loans		Appraised Value/ Discounted Cash Flows		Discounts to appraisals or cash flows for estimated holding and/or selling costs or age of appraisal		0-25%
Other real estate owned		Appraised Value/ Comparable Sales		Discounts to appraisals for estimated holding or selling costs		0-25%

Estimated fair values of the company's financial instruments

		June 30, 2017
		Carrying			Fair
(dollars in thousands)		Amount			Value		Level 1		Level 2		Level 3
Financial Assets:
Other investments, at cost		$	4,031		4,031		-		-		4,031
Loans, net			1,284,385		1,287,454		-		2,614		1,284,840
Financial Liabilities:
Deposits			1,297,911		1,201,720		-		1,201,720		-
FHLB and other borrowings			73,200		73,606		-		73,606		-
Junior subordinated debentures			13,403		12,528		-		12,528		-
		December 31, 2016
		Carrying			Fair
		Amount			Value		Level 1		Level 2		Level 3
Financial Assets:
Other investments, at cost		$	5,742		5,742		-		-		5,742
Loans, net			1,148,789		1,149,527		-		4,075		1,145,452
Financial Liabilities:
Deposits			1,091,151		1,004,923		-		1,004,923		-
FHLB and other borrowings			115,200		115,825		-		115,825		-
Junior subordinated debentures			13,403		12,026		-		12,026		-

X

- 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, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis.

+ 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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- 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

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-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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- 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=73719730&loc=d3e13476-108611

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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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