XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2016
Fair Value Measurements [Abstract] |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Fair Value Measurement Using
﻿ |  | Reporting Date
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Description |  | Total |  | Level 1 |  | Level 2 |  | Level 3
﻿ |  | (In thousands)
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |
﻿Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |
﻿States and political subdivisions |  | $ | 58,349 |  | $ | - |  | $ | 58,349 |  | $ | -
﻿Corporate obligations |  |  | 3,328 |  |  | - |  |  | 3,328 |  |  | -
﻿Mortgage-backed securities-government |  |  |  |  |  |  |  |  |  |  |  |
﻿ sponsored agencies |  |  | 67,691 |  |  | - |  |  | 67,691 |  |  | -
﻿Equity securities-financial services |  |  | 353 |  |  | 353 |  |  | - |  |  | -
﻿Total |  | $ | 129,721 |  | $ | 353 |  | $ | 129,368 |  | $ | -
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Description |  | Total |  | Level 1 |  | Level 2 |  | Level 3
﻿ |  | (In thousands)
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |
﻿Available for Sale: |  |  |  |  |  |  |  |  |  |  |  |
﻿U.S. Government agencies |  | $ | 9,169 |  | $ | - |  | $ | 9,169 |  | $ | -
﻿States and political subdivisions |  |  | 60,755 |  |  | - |  |  | 60,755 |  |  | -
﻿Corporate obligations |  |  | 4,974 |  |  | - |  |  | 4,974 |  |  | -
﻿Mortgage-backed securities-government |  |  |  |  |  |  |  |  |  |  |  |
﻿ sponsored agencies |  |  | 63,569 |  |  | - |  |  | 63,569 |  |  | -
﻿Equity securities-financial services |  |  | 384 |  |  | 384 |  |  | - |  |  | -
﻿Total |  | $ | 138,851 |  | $ | 384 |  | $ | 138,467 |  | $ | -
﻿
Fair Value, Assets Measured on Nonrecurring Basis [Table Text Block] |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  | Fair Value Measurement Reporting Date using Reporting Date
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿(In thousands) |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Description |  | Total |  | Level 1 |  | Level 2 |  | Level 3
﻿June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |
﻿Impaired Loans |  | $ | 3,297 |  | $ | - |  | $ | - |  | $ | 3,297
﻿Foreclosed Real Estate Owned |  |  | 5,414 |  |  | - |  |  | - |  |  | 5,414
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |
﻿Impaired Loans |  | $ | 7,615 |  | $ | - |  | $ | - |  | $ | 7,615
﻿Foreclosed Real Estate Owned |  |  | 2,847 |  |  | - |  |  | - |  |  | 2,847
﻿
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] |
﻿ |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |
﻿ |  | Quantitative Information about Level 3 Fair Value Measurements
﻿(dollars in thousands) | Fair Value Estimate |  | Valuation Techniques | Unobservable Input |  | Range (Weighted Average)
﻿June 30, 2016 |  |  |  |  |  |  |
﻿Impaired loans | $ | 1,709 |  | Appraisal of collateral(1) | Appraisal adjustments(2) |  | 10% (10%)
﻿Impaired loans | $ | 1,588 |  | Present value of future cash flows | Loan discount rate |  | 4 - 6.75% (5.46%)
﻿ |  |  |  |  |  |  |
﻿Foreclosed real estate owned | $ | 5,414 |  | Appraisal of collateral(1) | Liquidation Expenses(2) |  | 0 - 20% (14.20%)
﻿
﻿ |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |
﻿ | Quantitative Information about Level 3 Fair Value Measurements
﻿(dollars in thousands) | Fair Value Estimate |  | Valuation Techniques | Unobservable Input |  | Range (Weighted Average)
﻿December 31, 2015 |  |  |  |  |  |  |
﻿Impaired loans | $ | 2,574 |  | Appraisal of collateral(1) | Appraisal adjustments(2) |  | 10% (10%)
﻿Impaired loans | $ | 5,041 |  | Present value of future cash flows | Loan discount rate |  | 4-7% (5.61%)
﻿ |  |  |  |  |  |  |
﻿Foreclosed real estate owned | $ | 2,847 |  | Appraisal of collateral(1) | Liquidation Expenses(2) |  | 10% (10%)
﻿
| (1) |  | Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable, less any associated allowance.
| (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 [Table Text Block] |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ | Fair Value Measurements at June 30, 2016
﻿ | Carrying Amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
﻿Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash and cash equivalents | $ | 12,615 |  | $ | 12,615 |  | $ | 12,615 |  | $ | - |  | $ | -
﻿Securities |  | 129,721 |  |  | 129,721 |  |  | 353 |  |  | 129,368 |  |  | -
﻿Loans receivable, net |  | 575,422 |  |  | 578,725 |  |  | - |  |  | - |  |  | 578,725
﻿Mortgage servicing rights |  | 255 |  |  | 260 |  |  | - |  |  | - |  |  | 260
﻿Regulatory stock |  | 2,228 |  |  | 2,228 |  |  | 2,228 |  |  | - |  |  | -
﻿Bank owned life insurance |  | 19,082 |  |  | 19,082 |  |  | 19,082 |  |  | - |  |  | -
﻿Accrued interest receivable |  | 2,289 |  |  | 2,289 |  |  | 2,289 |  |  | - |  |  | -
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Deposits |  | 584,259 |  |  | 584,515 |  |  | 388,105 |  |  | - |  |  | 196,410
﻿Short-term borrowings |  | 38,100 |  |  | 38,100 |  |  | 38,100 |  |  | - |  |  | -
﻿Other borrowings |  | 36,579 |  |  | 36,896 |  |  | - |  |  | - |  |  | 36,896
﻿Accrued interest payable |  | 891 |  |  | 891 |  |  | 891 |  |  | - |  |  | -
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Off-balance sheet financial instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ Commitments to extend credit and outstanding letters of credit |  | - |  |  | - |  |  | - |  |  | - |  |  | -
﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ | Fair Value Measurements at December 31, 2015
﻿ | Carrying Amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
﻿Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash and cash equivalents | $ | 10,010 |  | $ | 10,010 |  | $ | 10,010 |  | $ | - |  | $ | -
﻿Securities |  | 138,851 |  |  | 138,851 |  |  | 384 |  |  | 138,467 |  |  | -
﻿Loans receivable, net |  | 552,627 |  |  | 559,416 |  |  | - |  |  | - |  |  | 559,416
﻿Mortgage servicing rights |  | 261 |  |  | 291 |  |  | - |  |  | - |  |  | 291
﻿Regulatory stock |  | 3,412 |  |  | 3,412 |  |  | 3,412 |  |  | - |  |  | -
﻿Bank owned life insurance |  | 18,820 |  |  | 18,820 |  |  | 18,820 |  |  | - |  |  | -
﻿Accrued interest receivable |  | 2,363 |  |  | 2,363 |  |  | 2,363 |  |  | - |  |  | -
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Deposits |  | 550,909 |  |  | 551,175 |  |  | 354,162 |  |  | - |  |  | 197,013
﻿Short-term borrowings |  | 53,235 |  |  | 53,235 |  |  | 53,235 |  |  | - |  |  | -
﻿Other borrowings |  | 41,126 |  |  | 41,260 |  |  | - |  |  | - |  |  | 41,260
﻿Accrued interest payable |  | 957 |  |  | 957 |  |  | 957 |  |  | - |  |  | -
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Off-balance sheet financial instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ Commitments to extend credit and outstanding letters of credit |  | - |  |  | - |  |  | - |  |  | - |  |  | -
﻿

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://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 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 Reference 4: 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 + 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 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 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
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://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 Reference 3: http://www.xbrl.org/2003/role/presentationRef -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 -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13433-108611 + 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