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Fair Value Disclosure Measurements (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2016

Dec. 31, 2015

Fair Value, Assets Measured on Recurring Basis

						September 30, 2016
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	—			$	10,863			$	—			$	10,863
Obligations of states and political subdivisions			—				87,525				—				87,525
Mortgage-backed securities in government-sponsored entities			—				21,380				—				21,380
Private-label mortgage-backed securities			—				2,068				—				2,068
Total debt securities			—				121,836				—				121,836
Equity securities in financial institutions			5				1,213				—				1,218
Total		$	5			$	123,049			$	—			$	123,054

						December 31, 2015
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	—			$	21,629			$	—			$	21,629
Obligations of states and political subdivisions			—				97,290				—				97,290
Mortgage-backed securities in government-sponsored entities			—				24,524				—				24,524
Private-label mortgage-backed securities			—				2,263				—				2,263
Total debt securities			—				145,706				—				145,706
Equity securities in financial institutions			5				809				—				814
Total		$	5			$	146,515			$	—			$	146,520

						December 31, 2015
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	—			$	21,629			$	—			$	21,629
Obligations of states and political subdivisions			—				97,290				—				97,290
Mortgage-backed securities in government- sponsored entities			—				24,524				—				24,524
Private-label mortgage-backed securities			—				2,263				—				2,263
Total debt securities			—				145,706				—				145,706
Equity securities in financial institutions			—				814				—				814
Total		$	—			$	146,520			$	—			$	146,520

						December 31, 2014
		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	—			$	22,896			$	—			$	22,896
Obligations of states and political subdivisions			—				98,345				—				98,345
Mortgage-backed securities in government- sponsored entities			—				29,391				—				29,391
Private-label mortgage-backed securities			—				2,919				—				2,919
Total debt securities			—				153,551				—				153,551
Equity securities in financial institutions			—				783				—				783
Total		$	—			$	154,334			$	—			$	154,334

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques

						September 30, 2016
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a nonrecurring basis:
Impaired loans		$	—			$	—			$	11,102			$	11,102
Other real estate owned			—				—				1,205				1,205
						December 31, 2015
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a nonrecurring basis:
Impaired loans		$	—			$	—			$	12,848			$	12,848
Other real estate owned			—				—				1,412				1,412

						December 31, 2015
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a non-recurring basis:
Impaired loans		$	—			$	—			$	12,848			$	12,848
Other real estate owned			—				—				1,412				1,412

						December 31, 2014
		Level I				Level II				Level III				Total
Assets measured on a non-recurring basis:
Impaired loans		$	—			$	—			$	12,772			$	12,772
Other real estate owned			—				—				2,590				2,590

Fair Value Inputs, Assets, Quantitative Information

Quantitative Information about Level III Fair Value Measurements

(Dollar amounts in thousands)

Fair Value Estimate

Valuation Techniques

Unobservable Input

Range (Weighted Average)

September 30, 2016

Impaired loans

$

7,743

Discounted cash flow

Discount rate

3.1% to 7.0% (5.0%)

3,359

Appraisal of collateral (1)

Appraisal adjustments (2)

0.0% to 55.7% (34.6%)

Other real estate owned

$

1,205

Appraisal of collateral (1)

Appraisal adjustments (2)

0.0% to 10.0% (7.3%)

Quantitative Information about Level III Fair Value Measurements

(Dollar amounts in thousands)

Fair Value Estimate

Valuation Techniques

Unobservable Input

Range (Weighted Average)

December 31, 2015

Impaired loans

$

6,867

Discounted cash flow

Discount rate

3.1% to 7.9% (5.0%)

5,981

Appraisal of collateral (1)

Appraisal adjustments (2)

0.0% to 87.1% (23.3%)

Other real estate owned

$

1,412

Appraisal of collateral (1)

Appraisal adjustments (2)

0% to 10.0% (7.3%)

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

Quantitative Information about Level III Fair Value Measurements

(Dollar amounts in thousands)

Fair Value Estimate

Valuation Techniques

Unobservable Input

Range (Weighted Average)

December 31, 2015

Impaired loans

$

6,867

Discounted cash flow

Discount rate

3.1% to 7.9% (5.0%)

5,981

Appraisal of collateral (1)

Appraisal adjustments (2)

0.0% to 87.1% (23.3%)

Other real estate owned

$

1,412

Appraisal of collateral (1)

Appraisal adjustments (2)

0.0% to 10.0% (7.3%)

Quantitative Information about Level III Fair Value Measurements

(Dollar amounts in thousands)

Fair Value Estimate

Valuation Techniques

Unobservable Input

Range (Weighted Average)

December 31, 2014

Impaired loans

$

12,772

Appraisal of collateral (1)

Appraisal adjustments (2)

0% to 84.6% (25.5%)

Other real estate owned

$

2,590

Appraisal of collateral (1)

Appraisal adjustments (2)

0% to 10.0% (7.5%)

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

Fair Value, by Balance Sheet Grouping

		September 30, 2016
		Carrying Value				Level I				Level II				Level III				Total Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	23,276			$	23,276			$	—			$	—			$	23,276
Investment securities
Available for sale			123,054				5				123,049				—				123,054
Loans held for sale			880				—				880				—				880
Net loans			579,995				—				—				586,739				586,739
Bank-owned life insurance			13,438				13,438				—				—				13,438
Federal Home Loan Bank stock			1,887				1,887				—				—				1,887
Accrued interest receivable			2,526				2,526				—				—				2,526
Financial liabilities:
Deposits		$	639,342			$	454,427			$	—			$	188,668			$	643,095
Short-term borrowings			32,803				32,803				—				—				32,803
Other borrowings			9,713				—				—				10,003				10,003
Accrued interest payable			391				391				—				—				391

		December 31, 2015
		Carrying Value				Level I				Level II				Level III				Total Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	23,750			$	23,750			$	—			$	—			$	23,750
Investment securities
Available for sale			146,520				5				146,515				—				146,520
Loans held for sale			1,107				—				1,107				—				1,107
Net loans			527,325				—				—				534,021				534,021
Bank-owned life insurance			13,141				13,141				—				—				13,141
Federal Home Loan Bank stock			1,887				1,887				—				—				1,887
Accrued interest receivable			2,387				2,387				—				—				2,387
Financial liabilities:
Deposits		$	624,447			$	433,226			$	—			$	191,747			$	624,973
Short-term borrowings			35,825				35,825				—				—				35,825
Other borrowings			9,939				—								10,063				10,063
Accrued interest payable			395				395				—				—				395

		December 31, 2015
		Carrying Value				Level I				Level II				Level III				Total Fair Value
		(in thousands)
Financial assets:
Cash and cash equivalents		$	23,750			$	23,750			$	—			$	—			$	23,750
Investment securities available for sale			146,520				—				146,520				—				146,520
Loans held for sale			1,107				—				1,107				—				1,107
Net loans			527,325				—				—				534,021				534,021
Bank-owned life insurance			13,141				13,141				—				—				13,141
Federal Home Loan Bank stock			1,887				1,887				—				—				1,887
Accrued interest receivable			2,387				2,387				—				—				2,387
Financial liabilities:
Deposits		$	624,447			$	433,226			$	—			$	191,747			$	624,973
Short-term borrowings			35,825				35,825				—				—				35,825
Other borrowings			9,939				—								10,063				10,063
Accrued interest payable			395				395				—				—				395

		December 31, 2014
		Carrying Value				Level I				Level II				Level III				Total Fair Value
		(in thousands)
Financial assets:
Cash and cash equivalents		$	25,639			$	25,639			$	—			$	—			$	25,639
Investment securities available for sale			154,334				—				154,334				—				154,334
Loans held for sale			438				—				438				—				438
Net loans			463,738				—				—				475,019				475,019
Bank-owned life insurance			9,092				9,092				—				—				9,092
Federal Home Loan Bank stock			1,887				1,887				—				—				1,887
Accrued interest receivable			2,095				2,095				—				—				2,095
Financial liabilities:
Deposits		$	586,112			$	416,254			$	—			$	170,542			$	586,796
Short-term borrowings			14,808				14,808				—				—				14,808
Other borrowings			10,624				—								10,822				10,822
Accrued interest payable			315				315				—				—				315

X

- Definition

Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, used to measure similar assets in prior periods (non-recurring basis) by class of asset or liability.

+ 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

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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/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 2: 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

Reference 3: 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

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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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13476-108611

Reference 2: 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13467-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 2
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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
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-Section 50
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-Subparagraph (a)
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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

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