XML 35 R23.htm IDEA: XBRL DOCUMENT v3.19.2

Fair Value Accounting (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Assets And Liabilities Measured at Fair Value on Recurring Basis

The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018.

		June 30, 2019
(dollars in thousands)		Level 1			Level 2		Level 3		Total
Assets
Securities available for sale
US government agencies		$	-		7,745		-		7,745
SBA securities			-		4,105		-		4,105
State and political subdivisions			-		8,209		-		8,209
Asset-backed securities			-		10,819		-		10,819
Mortgage-backed securities			-		44,374		-		44,374
Mortgage loans held for sale			-		24,509		-		24,509
Mortgage loan interest rate lock commitments			-		801		-		801
Total assets measured at fair value on a recurring basis		$	-		100,562		-		100,562
Liabilities
MBS forward sales commitments		$	-		165		-		165
Total liabilities measured at fair value on a recurring basis		$	-		165		-		165
		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

The tables below present the recorded amount of assets and liabilities measured at fair value on a nonrecurring basis as of June 30, 2019 and December 31, 2018.

		As of June 30, 2019
(dollars in thousands)		Level 1			Level 2		Level 3		Total
Assets
Impaired loans		$	-		3,177		7,522		10,699
Total assets measured at fair value on a nonrecurring basis		$	-		3,177		7,522		10,699
		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

The estimated fair values of the Company’s financial instruments at June 30, 2019 and December 31, 2018 are as follows:

		June 30, 2019
		Carrying			Fair
(dollars in thousands)		Amount			Value		Level 1		Level 2		Level 3
Financial Assets:
Other investments, at cost		$	3,311		3,311		-		-		3,311
Loans1			1,780,467		1,751,792		-		-		1,751,792
Financial Liabilities:
Deposits			1,854,008		1,761,071		-		1,761,071		-
FHLB and other borrowings			25,000		26,050		-		26,050		-
Junior subordinated debentures			13,403		14,083		-		14,083		-
		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		-

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=117815213&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=117815213&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=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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=118260190&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=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration