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v3.19.1

Fair Value Accounting (Tables) | 3 Months Ended
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Mar. 31, 2019
Fair Value Accounting [Abstract] |
Schedule of assets and liabilities measured at fair value on recurring basis |
|  | March 31, 2019
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |
US government agencies |  | $ | - |  | 8,896 |  | - |  | 8,896
SBA securities |  |  | - |  | 3,389 |  | - |  | 3,389
State and political subdivisions |  |  | - |  | 8,175 |  | - |  | 8,175
Asset-backed securities |  |  | - |  | 9,426 |  | - |  | 9,426
Mortgage-backed securities |  |  | - |  | 43,414 |  | - |  | 43,414
Mortgage loans held for sale |  |  | - |  | 9,393 |  | - |  | 9,393
Mortgage loan interest rate lock commitments |  |  | - |  | 589 |  | - |  | 589
Total assets measured at fair value on a recurring basis |  | $ | - |  | 83,282 |  | - |  | 83,282
Liabilities |  |  |  |  |  |  |  |  |
MBS forward sales commitments |  | $ | - |  | 107 |  | - |  | 107
Total liabilities measured at fair value on a recurring basis |  | $ | - |  | 107 |  | - |  | 107
|  | December 31, 2018
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |
US government agencies |  | $ | - |  | 8,782 |  | - |  | 8,782
SBA securities |  |  | - |  | 3,525 |  | - |  | 3,525
State and political subdivisions |  |  | - |  | 8,356 |  | - |  | 8,356
Asset-backed securities |  |  | - |  | 9,558 |  | - |  | 9,558
Mortgage-backed securities |  |  | - |  | 44,684 |  | - |  | 44,684
Mortgage loans held for sale |  |  | - |  | 9,241 |  | - |  | 9,241
Mortgage loan interest rate lock commitments |  |  | - |  | 345 |  | - |  | 345
Total assets measured at fair value on a recurring basis |  | $ | - |  | 84,491 |  | - |  | 84,491
Liabilities |  |  |  |  |  |  |  |  |
MBS forward sales commitments |  | $ | - |  | 121 |  | - |  | 121
Total liabilities measured at fair value on a recurring basis |  | $ | - |  | 121 |  | - |  | 121
Schedule of assets and liabilities measured at fair value on nonrecurring basis |
|  | As of March 31, 2019
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  | 2,386 |  | 8,408 |  | 10,794
Total assets measured at fair value on a nonrecurring basis |  | $ | - |  | 2,386 |  | 8,408 |  | 10,794
|  | As of December 31, 2018
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  | 2,190 |  | 8,368 |  | 10,558
Total assets measured at fair value on a nonrecurring basis |  | $ | - |  | 2,190 |  | 8,368 |  | 10,558
Schedule of estimated fair values of the Company's financial instruments |
|  | March 31, 2019
|  | Carrying |  | Fair |  |  |  |  |  |
(dollars in thousands) |  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Other investments, at cost |  | $ | 3,309 |  | 3,309 |  | - |  | - |  | 3,309
Loans1 |  |  | 1,705,025 |  | 1,675,800 |  | - |  | - |  | 1,675,800
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 1,758,235 |  | 1,646,234 |  | - |  | 1,646,234 |  | -
FHLB and other borrowings |  |  | 25,000 |  | 25,689 |  | - |  | 25,689 |  | -
Junior subordinated debentures |  |  | 13,403 |  | 14,528 |  | - |  | 14,528 |  | -
|  | December 31, 2018
|  | Carrying |  | Fair |  |  |  |  |  |
(dollars in thousands) |  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Other investments, at cost |  | $ | 4,121 |  | 4,121 |  | - |  | - |  | 4,121
Loans1 |  |  | 1,648,998 |  | 1,618,618 |  | - |  | - |  | 1,618,618
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 1,648,136 |  | 1,515,123 |  | - |  | 1,515,123 |  | -
FHLB and other borrowings |  |  | 50,000 |  | 50,147 |  | - |  | 50,147 |  | -
Junior subordinated debentures |  |  | 13,403 |  | 14,807 |  | - |  | 14,807 |  | -
1 Carrying amount is net of the allowance for loan losses and previously presented impaired loans.

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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://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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -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 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 4: 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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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611 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 (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + 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://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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