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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				—				—

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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).

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