XML 121 R44.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Fair Value Accounting (Tables) | 12 Months Ended
--- | ---
Dec. 31, 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.
|  | December 31, 2019
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |
US government agencies |  | $ | - |  | 499 |  | - |  | 499
SBA securities |  |  | - |  | 531 |  | - |  | 531
State and political subdivisions |  |  | - |  | 4,184 |  | - |  | 4,184
Asset-backed securities |  |  | - |  | 13,167 |  | - |  | 13,167
Mortgage-backed securities |  |  | - |  | 49,313 |  | - |  | 49,313
Mortgage loans held for sale |  |  | - |  | 27,046 |  | - |  | 27,046
Mortgage loan interest rate lock commitments |  |  | - |  | 344 |  | - |  | 344
Total assets measured at fair value on a recurring basis |  | $ | - |  | 95,084 |  | - |  | 95,084
Liabilities |  |  |  |  |  |  |  |  |
MBS forward sales commitments |  | $ | - |  | 39 |  | - |  | 39
Total liabilities measured at fair value on a recurring basis |  | $ | - |  | 39 |  | - |  | 39
|  | 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.
|  | December 31, 2019
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  | 5,634 |  | 4,941 |  | 10,575
Total assets measured at fair value on a nonrecurring basis |  | $ | - |  | 5,634 |  | 4,941 |  | 10,575
|  | December 31, 2018
|  | 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 unobservable inputs used in the fair value measurements | For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of December 31, 2019, the significant unobservable inputs used in the fair value measurements were as follows:
|  | 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 | The estimated fair values of the Company’s financial instruments at December 31, 2019 and 2018 are as follows:
|  | December 31, 2019
(dollars in thousands) |  | Carrying |  | Fair |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Other investments, at cost |  | $ | 6,948 |  | 6,948 |  | - |  | - |  | 6,948
Loans(1) |  |  | 1,914,870 |  | 1,900,216 |  | - |  | - |  | 1,900,216
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 1,876,124 |  | 1,772,121 |  | - |  | 1,772,121 |  | -
FHLB and other borrowings |  |  | 110,000 |  | 109,737 |  | - |  | 109,737 |  | -
Subordinated debentures |  |  | 35,890 |  | 33,250 |  | - |  | 33,250 |  | -
|  | December 31, 2018
(dollars in thousands) |  | Carrying |  | Fair |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Other investments, at cost |  | $ | 4,121 |  | 4,121 |  | - |  | - |  | 4,121
Loans(1) |  |  | 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 |  | -
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 input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + 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 (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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