XML 71 R27.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Fair Value of Financial Instruments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Fair Value Disclosures [Abstract] |
Fair Value, Assets Measured on Recurring Basis | The following tables present the fair value measurements of assets and liabilities recognized in the accompanying condensed consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2015 and December 31, 2014.
|  |  |  | June 30, 2015 Fair Value Measurements Using
|  | Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
U.S. Government-sponsored agencies |  | $ | 27,572 |  |  | $ | — |  |  | $ | 27,572 |  |  | $ | — |
Municipal securities |  | 14,779 |  |  | — |  |  | 14,779 |  |  | — |
Mortgage-backed securities |  | 106,674 |  |  | — |  |  | 106,674 |  |  | — |
Asset-backed securities |  | 19,452 |  |  | — |  |  | 19,452 |  |  | — |
Corporate securities |  | 19,305 |  |  | — |  |  | 19,305 |  |  | — |
Other securities |  | 2,985 |  |  | 2,985 |  |  | — |  |  | — |
Total available-for-sale securities |  | 190,767 |  |  | 2,985 |  |  | 187,782 |  |  | — |
Loans held-for-sale (mandatory pricing agreements) |  | 28,494 |  |  | — |  |  | 28,494 |  |  | — |
Forward contracts |  | 240 |  |  | 240 |  |  | — |  |  | — |
Interest rate lock commitments |  | 623 |  |  | — |  |  | — |  |  | 623 |
|  |  |  | December 31, 2014 Fair Value Measurements Using
|  | Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
U.S. Government-sponsored agencies |  | $ | 13,552 |  |  | $ | — |  |  | $ | 13,552 |  |  | $ | — |
Mortgage-backed securities |  | 117,048 |  |  | — |  |  | 117,048 |  |  | — |
Asset-backed securities |  | 4,912 |  |  | — |  |  | 4,912 |  |  | — |
Other securities |  | 2,006 |  |  | 2,006 |  |  | — |  |  | — |
Total available-for-sale securities |  | 137,518 |  |  | 2,006 |  |  | 135,512 |  |  | — |
Loans held-for-sale (mandatory pricing agreements) |  | 32,618 |  |  | — |  |  | 32,618 |  |  | — |
Forward contracts |  | (405 | ) |  | (405 | ) |  | — |  |  | — |
Interest rate lock commitments |  | 521 |  |  | — |  |  | — |  |  | 521 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | The following tables reconcile the beginning and ending balances of recurring fair value measurements recognized in the accompanying condensed consolidated balance sheets using significant unobservable (Level 3) inputs for the three and six month periods ended June 30, 2015 and June 30, 2014.
|  | Three Months Ended
|  | Securities Available-for- Sale |  | Interest Rate Lock Commitments
Balance, April 1, 2015 |  | $ | — |  |  | $ | 913 |
Total realized losses |  |  |  |
Included in net income |  | — |  |  | (290 | )
Balance, June 30, 2015 |  | $ | — |  |  | $ | 623 |
Balance, April 1, 2014 |  | $ | 1,811 |  |  | $ | 170 |
Total realized and unrealized gains (losses) |  |  |  |
Included in net income |  | (259 | ) |  | 277 |
Included in other comprehensive income (loss) |  | (1,552 | ) |  | — |
Balance, June 30, 2014 |  | $ | — |  |  | $ | 447 |
|  | Six Months Ended
|  | Securities Available-for- Sale |  | Interest Rate Lock Commitments
Balance, January 1, 2015 |  | $ | — |  |  | $ | 521 |
Total realized gains |  |  |  |  |  |
Included in net income |  | — |  |  | 102 |
Balance, June 30, 2015 |  | $ | — |  |  | $ | 623 |
Balance as of January 1, 2014 |  | $ | 1,673 |  |  | $ | 79 |
Total realized and unrealized gains (losses) |  |  |  |
Included in net income |  | (259 | ) |  | 368 |
Included in other comprehensive income (loss) |  | (1,414 | ) |  | — |
Balance, June 30, 2014 |  | $ | — |  |  | $ | 447 |
Fair Value Measurements, Nonrecurring | The following tables present the fair value measurements of impaired loans recognized in the accompanying condensed consolidated balance sheets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fell at June 30, 2015 and December 31, 2014.
|  |  |  | June 30, 2015 Fair Value Measurements Using
|  | Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Impaired loans |  | $ | 46 |  |  | $ | — |  |  | $ | — |  |  | $ | 46 |
|  |  |  | December 31, 2014 Fair Value Measurements Using
|  | Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Impaired loans |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques | The following tables present quantitative information about significant unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements other than goodwill.
|  | Fair Value at June 30, 2015 |  | Valuation Technique |  | Significant Unobservable Inputs |  | Range
Collateral dependent impaired loans |  | $ | 46 |  |  | Fair value of collateral |  | Discount for type of property and current market conditions |  | 23%
IRLCs |  | 623 |  |  | Discounted cash flow |  | Loan closing rates |  | 42% - 98%
|  | Fair Value at December 31, 2014 |  | Valuation Technique |  | Significant Unobservable Inputs |  | Range
IRLCs |  | $ | 521 |  |  | Discounted cash flow |  | Loan closing rates |  | 40% - 95%
Fair Value, by Balance Sheet Grouping | The following tables summarize the carrying value and estimated fair value of all financial assets and liabilities at June 30, 2015 and December 31, 2014.
|  |  |  | June 30, 2015 Fair Value Measurements Using
|  | Carrying Amount |  | Quoted Prices In Active Market for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Cash and cash equivalents |  | $ | 30,602 |  |  | $ | 30,602 |  |  | $ | — |  |  | $ | — |
Interest-bearing time deposits |  | 1,250 |  |  | 1,250 |  |  | — |  |  | — |
Loans held-for-sale (best efforts pricing agreements) |  | 1,378 |  |  | — |  |  | 1,378 |  |  | — |
Loans receivable |  | 814,243 |  |  | — |  |  | — |  |  | 816,554 |
Accrued interest receivable |  | 3,550 |  |  | 3,550 |  |  | — |  |  | — |
Federal Home Loan Bank of Indianapolis stock |  | 6,946 |  |  | — |  |  | 6,946 |  |  | — |
Deposits |  | 856,503 |  |  | 402,012 |  |  | — |  |  | 456,250 |
Advances from Federal Home Loan Bank |  | 140,935 |  |  | — |  |  | 137,149 |  |  | — |
Subordinated debt |  | 2,915 |  |  | — |  |  | 3,044 |  |  | — |
Accrued interest payable |  | 108 |  |  | 108 |  |  | — |  |  | — |
|  |  |  | December 31, 2014 Fair Value Measurements Using
|  | Carrying Amount |  | Quoted Prices In Active Market for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Cash and cash equivalents |  | $ | 28,289 |  |  | $ | 28,289 |  |  | $ | — |  |  | $ | — |
Interest-bearing time deposits |  | 2,000 |  |  | 2,000 |  |  | — |  |  | — |
Loans held-for-sale (best efforts pricing agreements) |  | 2,053 |  |  | — |  |  | 2,053 |  |  | — |
Loans receivable |  | 732,426 |  |  | — |  |  | — |  |  | 733,538 |
Accrued interest receivable |  | 2,833 |  |  | 2,833 |  |  | — |  |  | — |
Federal Home Loan Bank of Indianapolis stock |  | 5,350 |  |  | — |  |  | 5,350 |  |  | — |
Deposits |  | 758,598 |  |  | 383,847 |  |  | — |  |  | 377,067 |
Advances from Federal Home Loan Bank |  | 106,897 |  |  | — |  |  | 107,743 |  |  | — |
Subordinated debt |  | 2,873 |  |  | — |  |  | 3,094 |  |  | — |
Accrued interest payable |  | 97 |  |  | 97 |  |  | — |  |  | — |

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, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + 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_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 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 (a),(b) -URI http://asc.fasb.org/extlink&oid=36462937&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=36462937&loc=d3e19190-110258 + 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 measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + 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 (c) -URI http://asc.fasb.org/extlink&oid=36462937&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 3 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
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