Fair Value Of Assets And Liabilities (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Of Assets And Liabilities [Abstract]

Fair Value, Assets Measured on Recurring Basis



	Fair Value Measurement Using
	Reporting Date


Description	Total		Level 1		Level 2		Level 3
	(In thousands)

June 30, 2018
Available for Sale:
States and political subdivisions	$	101,972	$	-	$	101,972	$	-
Corporate obligations		8,710		-		8,710		-
Mortgage-backed securities-government
sponsored entities		148,760		-		148,760		-
Total	$	259,442	$	-	$	259,442	$	-


Description	Total		Level 1		Level 2		Level 3
	(In thousands)

December 31, 2017
Available for Sale:
U.S. Treasury securities	$	1,998	$	-	$	1,998	$	-
States and political subdivisions		120,478		-		120,478		-
Corporate obligations		9,989		-		9,989		-
Mortgage-backed securities-government
sponsored entities		148,656		-		148,656		-
Total	$	281,121	$	-	$	281,121	$	-

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis



			Fair Value Measurement Reporting Date using Reporting Date

(In thousands)

Description	Total		Level 1		Level 2		Level 3
June 30, 2018
Impaired Loans	$	1,257	$	-	$	-	$	1,257
Foreclosed Real Estate Owned		1,386		-		-		1,386


December 31, 2017
Impaired Loans	$	1,247	$	-	$	-	$	1,247
Foreclosed Real Estate Owned		1,661		-		-		1,661

Additional Qualitative Information about Level 3 Assets



		Quantitative Information about Level 3 Fair Value Measurements
(dollars in thousands)	Fair Value Estimate		Valuation Techniques	Unobservable Input	Range (Weighted Average)
June 30, 2018
Impaired loans	$	155	Appraisal of collateral(1)	Appraisal adjustments(2)	10% (10%)
Impaired loans	$	1,102	Present value of future cash flows	Loan discount rate	4.00 - 5.25% (5.12%)


Foreclosed real estate owned	$	1,386	Appraisal of collateral(1)	Liquidation Expenses(2)	0-71.43% (11.72%)



	Quantitative Information about Level 3 Fair Value Measurements
(dollars in thousands)	Fair Value Estimate		Valuation Techniques	Unobservable Input	Range (Weighted Average)
December 31, 2017
Impaired loans	$	131	Appraisal of collateral(1)	Appraisal adjustments(2)	10% (10%)
Impaired loans	$	1,116	Present value of future cash flows	Loan discount rate	4.00 - 5.25% (5.11%)


Foreclosed real estate owned	$	1,661	Appraisal of collateral(1)	Liquidation Expenses(2)	0-42.60% (14.68%)

(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



	Fair Value Measurements at June 30, 2018
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	16,107	$	16,107	$	16,107	$	-	$	-
Loans receivable, net		795,447		791,456		-		-		791,456
Mortgage servicing rights		185		223		-		-		223
Regulatory stock		2,313		2,313		2,313		-		-
Bank owned life insurance		37,485		37,485		37,485		-		-
Accrued interest receivable		3,672		3,672		3,672		-		-

Financial liabilities:
Deposits		950,889		950,692		642,431		-		308,342
Short-term borrowings		43,325		43,325		43,325		-		-
Other borrowings		30,283		29,757		-		-		29,757
Accrued interest payable		1,461		1,461		1,461		-		-

Off-balance sheet financial instruments:
Commitments to extend credit and outstanding letters of credit		-		-		-		-		-



	Fair Value Measurements at December 31, 2017
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	16,697	$	16,697	$	16,697	$	-	$	-
Loans receivable, net		756,458		756,092		-		-		756,092
Mortgage servicing rights		200		223		-		-		223
Regulatory stock		3,505		3,505		3,505		-		-
Bank owned life insurance		37,060		37,060		37,060		-		-
Accrued interest receivable		3,716		3,716		3,716		-		-

Financial liabilities:
Deposits		929,384		929,709		609,090		-		320,619
Short-term borrowings		42,530		42,530		42,530		-		-
Other borrowings		35,945		35,514		-		-		35,514
Accrued interest payable		1,434		1,434		1,434		-		-

Off-balance sheet financial instruments:
Commitments to extend credit and outstanding letters of credit		-		-		-		-		-