XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Fair Value Measurements (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Fair Value Disclosures [Abstract] |
Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis | The following table presents balances of financial assets and liabilities measured at fair value on a recurring basis at September 30, 2016 and December 31, 2015:
|  |  | Fair Value Measurements at
|  |  | September 30, 2016
|  |  | Using
| Balance as of |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
| September 30, 2016 | (Level 1) |  | (Level 2) |  | (Level 3)
| (in thousands)
Assets: |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |
Obligations of U.S. government corporations and agencies | $ | 30,419 |  |  | $ | — |  |  | $ | 30,419 |  |  | $ | — |
Mortgage-backed securities | 31,489 |  |  | — |  |  | 31,489 |  |  | — |
Obligations of states and political subdivisions | 43,646 |  |  | — |  |  | 43,024 |  |  | 622 |
Total assets at fair value | $ | 105,554 |  |  | $ | — |  |  | $ | 104,932 |  |  | $ | 622 |
Liabilities: |  |  |  |  |  |  |
Interest rate swap | $ | 36 |  |  | — |  |  | $ | 36 |  |  | — |
Total liabilities at fair value | $ | 36 |  |  | $ | — |  |  | $ | 36 |  |  | $ | — |
|  |  | Fair Value Measurements at
|  |  | December 31, 2015
|  |  | Using
| Balance as of |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
| December 31, 2015 | (Level 1) |  | (Level 2) |  | (Level 3)
| (in thousands)
Assets: |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |
Obligations of U.S. government corporations and agencies | $ | 37,665 |  |  | $ | — |  |  | $ | 37,665 |  |  | $ | — |
Mortgage-backed securities | 28,931 |  |  | — |  |  | 28,931 |  |  | — |
Obligations of states and political subdivisions | 39,227 |  |  | — |  |  | 38,543 |  |  | 684 |
Total assets at fair value | $ | 105,823 |  |  | $ | — |  |  | $ | 105,139 |  |  | $ | 684 |
Liabilities: |  |  |  |  |  |  |
Interest rate swap | $ | 149 |  |  | — |  |  | $ | 149 |  |  | — |
Total liabilities at fair value | $ | 149 |  |  | $ | — |  |  | $ | 149 |  |  | $ | — |
Quantitative Information About Level 3 Fair Value Measurements For Certain Financial Assets | The following table displays quantitative information about Level 3 Fair Value Measurements for certain financial assets measured at fair value on a nonrecurring basis at September 30, 2016 and December 31, 2015:
| Quantitative information about Level 3 Fair Value Measurements for
| September 30, 2016
| Valuation Technique(s) |  | Unobservable Input |  | Range |  | Weighted Average
Assets: |  |  |  |  |  |  |
Impaired loans | Discounted appraised value |  | Selling cost |  | 12% |  | 12%
Impaired loans | Present value of cash flows |  | Discount rate |  | 4% - 8% |  | 5%
Other real estate owned | Discounted appraised value |  | Selling cost |  | 2% - 6% |  | 5%
| December 31, 2015
| Valuation Technique(s) |  | Unobservable Input |  | Range |  | Weighted Average
Impaired loans | Discounted appraised value |  | Selling cost |  | 12% |  | 12%
Impaired loans | Present value of cash flows |  | Discount rate |  | 3% - 8% |  | 5%
Other real estate owned | Discounted appraised value |  | Selling cost |  | 2% - 6% |  | 5%
Financial And Nonfinancial Assets Measured At Fair Value On A Nonrecurring Basis | The following table summarizes the Company’s financial and nonfinancial assets that were measured at fair value on a nonrecurring basis at September 30, 2016 and December 31, 2015:
|  |  | Fair Value at
|  |  | September 30, 2016
| Balance as of |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
| September 30, 2016 | (Level 1) |  | (Level 2) |  | (Level 3)
| (in thousands)
Financial Assets: |  |  |  |  |  |  |
Impaired loans | $ | 3,669 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,669 |
Nonfinancial Assets: |  |  |  |  |  |  |
Other real estate owned | 863 |  |  | — |  |  | — |  |  | 863 |
|  |  | Fair Value at
|  |  | December 31, 2015
| Balance as of |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
| December 31, 2015 | (Level 1) |  | (Level 2) |  | (Level 3)
| (in thousands)
Financial Assets: |  |  |  |  |  |  |
Impaired loans | $ | 5,099 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,099 |
Nonfinancial Assets: |  |  |  |  |  |  |
Other real estate owned | 571 |  |  | — |  |  | — |  |  | 571 |
Company's Financial Instruments | The carrying value and fair value of the Company’s financial instruments at September 30, 2016 and December 31, 2015 were as follows:
| Fair Value Measurements at
| September 30, 2016
| Using
| Carrying Value as of |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |  | Fair Value as of
| September 30, 2016 | (Level 1) |  | (Level 2) |  | (Level 3) |  | September 30, 2016
| (in thousands)
Financial Assets: |  |  |  |  |  |  |  |  |
Cash and short-term investments | $ | 19,394 |  |  | $ | 19,394 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,394 |
Securities | 105,554 |  |  | — |  |  | 104,932 |  |  | 622 |  |  | 105,554 |
Restricted Investments | 1,068 |  |  | — |  |  | 1,068 |  |  | — |  |  | 1,068 |
Loans, net | 509,654 |  |  | — |  |  | — |  |  | 513,783 |  |  | 513,783 |
Bank owned life insurance | 618 |  |  | — |  |  | 618 |  |  | — |  |  | 618 |
Accrued interest receivable | 1,696 |  |  | — |  |  | 1,696 |  |  | — |  |  | 1,696 |
Financial Liabilities: |  |  |  |  |  |  |  |  |
Deposits | $ | 581,023 |  |  | $ | — |  |  | $ | 580,943 |  |  | $ | — |  |  | $ | 580,943 |
Accrued interest payable | 43 |  |  | — |  |  | 43 |  |  | — |  |  | 43 |
Interest rate swap contract | 36 |  |  | — |  |  | 36 |  |  | — |  |  | 36 |
| Fair Value Measurements at
| December 31, 2015
| Using
| Carrying Value as of |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |  | Fair Value as of
| December 31, 2015 | (Level 1) |  | (Level 2) |  | (Level 3) |  | December 31, 2015
| (in thousands)
Financial assets: |  |  |  |  |  |  |  |  |
Cash and short-term investments | $ | 23,221 |  |  | $ | 23,221 |  |  | $ | — |  |  | $ | — |  |  | $ | 23,221 |
Securities | 105,823 |  |  | — |  |  | 105,139 |  |  | 684 |  |  | 105,823 |
Restricted Investments | 1,896 |  |  | — |  |  | 1,896 |  |  | — |  |  | 1,896 |
Loans, net | 490,614 |  |  | — |  |  | — |  |  | 493,804 |  |  | 493,804 |
Bank owned life insurance | 632 |  |  | — |  |  | 632 |  |  | — |  |  | 632 |
Accrued interest receivable | 1,739 |  |  | — |  |  | 1,739 |  |  | — |  |  | 1,739 |
Financial liabilities: |  |  |  |  |  |  |  |  |
Deposits | $ | 550,718 |  |  | $ | — |  |  | $ | 550,509 |  |  | $ | — |  |  | $ | 550,509 |
Federal Home Loan Bank advances | 20,000 |  |  | — |  |  | 19,992 |  |  | — |  |  | 19,992 |
Accrued interest payable | 66 |  |  | — |  |  | 66 |  |  | — |  |  | 66 |
Interest rate swap contract | 149 |  |  | — |  |  | 149 |  |  | — |  |  | 149 |

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 5 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258 + 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://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=49121117&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=36462937&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=49121117&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=49121117&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

X
- 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=36462937&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration