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Fair Value Accounting (Tables) | 9 Months Ended
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Sep. 30, 2017
Fair Value Accounting [Abstract] |
Schedule of assets and liabilities measured at fair value on recurring basis |
|  |  |  |  |  |  | September 30, 2017
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |
US government agencies |  | $ | - |  | 8,710 |  | - |  | 8,710
SBA securities |  |  | - |  | 4,339 |  | - |  | 4,339
State and political subdivisions |  |  | - |  | 20,357 |  | - |  | 20,357
Mortgage-backed securities |  |  | - |  | 45,034 |  | - |  | 45,034
Mortgage loans held for sale |  |  | - |  | 9,124 |  | - |  | 9,124
Interest rate lock commitments |  |  | - |  | 343 |  | - |  | 343
MBS forward sales commitments |  |  | - |  | 46 |  | - |  | 46
Total assets measured at fair value on a recurring basis |  | $ | - |  | 87,953 |  | - |  | 87,953
|  |  |  |  |  |  | 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 September 30, 2017
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  | 2,669 |  | 6,146 |  | 8,815
Other real estate owned |  |  | - |  | 307 |  | 113 |  | 420
Total assets measured at fair value on a nonrecurring basis |  | $ | - |  | 2,976 |  | 6,259 |  | 9,235
|  |  |  |  |  |  | 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%
Schedule of estimated fair values of the company's financial instruments |
|  |  |  |  |  |  |  |  | September 30, 2017
|  | Carrying |  | Fair |  |  |  |  |  |
(dollars in thousands) |  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Other investments, at cost |  | $ | 3,064 |  | 3,064 |  | - |  | - |  | 3,064
Loans, net |  |  | 1,312,160 |  | 1,315,125 |  | - |  | 2,669 |  | 1,312,456
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 1,342,577 |  | 1,246,252 |  | - |  | 1,246,252 |  | -
FHLB and other borrowings |  |  | 39,200 |  | 40,452 |  | - |  | 40,452 |  | -
Junior subordinated debentures |  |  | 13,403 |  | 12,595 |  | - |  | 12,595 |  | -
|  |  |  |  |  |  |  |  | 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 |  | -

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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, 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 + Details
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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 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 Reference 2: 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 Reference 3: 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 4: 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 + Details
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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=77997519&loc=d3e13476-108611 Reference 2: 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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75026489&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13433-108611 + Details
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- 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://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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