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Fair Value Accounting (Tables)

3 Months Ended

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.

X

- 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

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-Publisher FASB
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X

- 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

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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

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