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Fair Value Accounting (Tables)

9 Months Ended

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		-

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)
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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

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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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