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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2017
Fair Value Disclosures [Abstract] |
Schedule of Hierarchy and Fair Value for Each Major Category of Assets and Liabilities Measured at Fair Value | The following table provides the hierarchy and fair value for each major category of assets and liabilities measured at fair value at September 30, 2017 and December 31, 2016:
(dollars in thousands) |  | Fair Value Measurements Using: |  |  |  |  |
September 30, 2017 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets measured at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
On a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government agency securities |  |  |  |  |  | $ | 4,957 |  |  |  |  |  |  | $ | 4,957 |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Government sponsored agencies |  |  |  |  |  |  | 33,256 |  |  |  |  |  |  |  | 33,256 |
Corporate debt securities |  |  |  |  |  |  | 17,484 |  |  |  |  |  |  |  | 17,484 |
|  | $ | — |  |  | $ | 55,697 |  |  | $ | — |  |  | $ | 55,697 |
On a non-recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other real estate owned |  | $ | — |  |  | $ | — |  |  | $ | 293 |  |  | $ | 293 |
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets measured at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
On a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government agency securities |  |  |  |  |  | $ | 5,317 |  |  |  |  |  |  |  | 5,317 |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government sponsored agencies |  |  |  |  |  |  | 23,640 |  |  |  |  |  |  |  | 23,640 |
Corporate debt securities |  |  |  |  |  |  | 10,320 |  |  |  |  |  |  |  | 10,320 |
|  | $ | — |  |  | $ | 39,277 |  |  | $ | — |  |  | $ | 39,277 |
On a non-recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other real estate owned |  | $ | — |  |  | $ | — |  |  | $ | 833 |  |  | $ | 833 |
Summary of Quantitative Information About Non-recurring Level 3 Fair Value Measurements | Quantitative information about the Company's non-recurring Level 3 fair value measurements at September 30, 2017 and December 31, 2016 is as follows:
|  |  |  |  |  |  |  |  |  |  |  |  |  | Weighted- |
(dollars in thousands) |  | Fair Value |  |  | Valuation |  | Unobservable |  | Adjustment |  |  | Average |
September 30, 2017 |  | Amount |  |  | Technique |  | Input |  | Range |  |  | Adjustment |
Other real estate owned |  | $ | 293 |  |  | Third Party |  | Management Adjustments |  |  | 15% |  |  |  | 15% |
|  |  |  |  |  | Appraisals |  | to Reflect Current |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Conditions and Selling |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Costs |  |  |  |  |  |  |  |
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other real estate owned |  | $ | 833 |  |  | Third Party |  | Management Adjustments |  | 10% - 15% |  |  |  | 12% |
|  |  |  |  |  | Appraisals |  | to Reflect Current |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Conditions and Selling |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Costs |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=66048111&loc=SL7498348-110258 Reference 6: 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 + Details
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- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + 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 + Details
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