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6. Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2017
Fair Value Disclosures [Abstract] |
Available for sale securities measured at fair value on a recurring basis |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
|  | March 31, 2017
|  | Fair Value Measurements |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation
Mortgage-backed securities |  | $ | 63,324 |  |  |  | - |  |  |  | 63,324 |  |  |  | -
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | $ | 39,899 |  |  |  | - |  |  |  | 39,899 |  |  |  | -
State and political subdivisions |  | $ | 139,854 |  |  |  | - |  |  |  | 139,854 |  |  |  | -
Corporate bonds |  | $ | 1,536 |  |  |  | - |  |  |  | 1,536 |  |  |  | -
Trust preferred securities |  | $ | 250 |  |  |  | - |  |  |  | - |  |  |  | 250
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2016
|  | Fair Value Measurements |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation
Mortgage-backed securities |  | $ | 67,585 |  |  |  | - |  |  |  | 67,585 |  |  |  | -
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | $ | 38,222 |  |  |  | - |  |  |  | 38,222 |  |  |  | -
State and political subdivisions |  | $ | 141,856 |  |  |  | - |  |  |  | 141,856 |  |  |  | -
Corporate bonds |  | $ | 1,533 |  |  |  | - |  |  |  | 1,533 |  |  |  | -
Trust preferred securities |  | $ | 750 |  |  |  | - |  |  |  | - |  |  |  | 750
Fair value measurements of investment securities available for sale using Level 3 significant unobservable inputs |
(Dollars in thousands) |  |  |
|  | Investment Securities Available for Sale |
|  | Level 3 Valuation |
Balance, beginning of period |  | $ | 750 |
Change in book value |  |  | - |
Change in gain/(loss) realized and unrealized |  |  | - |
Purchases/(sales and calls) |  |  | (500 | )
Transfers in and/or (out) of Level 3 |  |  | - |
Balance, end of period |  | $ | 250 |
Change in unrealized gain/(loss) for assets still held in Level 3 |  | $ | - |
Fair value measurements for mortgage loans held for sale, impaired loans and other real estate on a non-recurring basis |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value Measurements March 31, 2017 |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation
Mortgage loans held for sale |  | $ | 1,340 |  |  |  | - |  |  |  | - |  |  |  | 1,340
Impaired loans |  | $ | 24,876 |  |  |  | - |  |  |  | - |  |  |  | 24,876
Other real estate |  | $ | - |  |  |  | - |  |  |  | - |  |  |  | -
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value Measurements December 31, 2016 |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation
Mortgage loans held for sale |  | $ | 5,709 |  |  |  | - |  |  |  | - |  |  |  | 5,709
Impaired loans |  | $ | 25,772 |  |  |  | - |  |  |  | - |  |  |  | 25,772
Other real estate |  | $ | 283 |  |  |  | - |  |  |  | - |  |  |  | 283
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
|  | Fair Value March 31, 2017 |  |  | Fair Value December 31, 2016 |  | Valuation Technique |  | Significant Unobservable Inputs |  |  | General Range of Significant Unobservable Input Values
Mortgage loans held for sale |  | $ | 1,340 |  |  |  | 5,709 |  | Rate lock commitment |  |  | N/A |  |  |  | N/A
Impaired loans |  | $ | 24,876 |  |  |  | 25,772 |  | Appraised value and discounted cash flows |  | Discounts to reflect current market conditions and ultimate collectability |  |  |  | 0 - 25%
Other real estate |  | $ | - |  |  |  | 283 |  | Appraised value |  | Discounts to reflect current market conditions and estimated costs to sell |  |  |  | 0 - 25%
Carrying amount and estimated fair value of the Company's financial instruments |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Fair Value Measurements at March 31, 2017
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 87,450 |  |  |  | 87,450 |  |  |  | - |  |  |  | - |  |  |  | 87,450
Investment securities available for sale |  | $ | 244,863 |  |  |  | - |  |  |  | 244,613 |  |  |  | 250 |  |  |  | 244,863
Other investments |  | $ | 2,679 |  |  |  | - |  |  |  | - |  |  |  | 2,679 |  |  |  | 2,679
Mortgage loans held for sale |  | $ | 1,340 |  |  |  | - |  |  |  | - |  |  |  | 1,340 |  |  |  | 1,340
Loans, net |  | $ | 728,598 |  |  |  | - |  |  |  | - |  |  |  | 740,158 |  |  |  | 740,158
Cash surrender value of life insurance |  | $ | 15,251 |  |  |  | - |  |  |  | 15,251 |  |  |  | - |  |  |  | 15,251
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 908,414 |  |  |  | - |  |  |  | - |  |  |  | 898,994 |  |  |  | 898,994
Securities sold under agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
to repurchase |  | $ | 42,163 |  |  |  | - |  |  |  | 42,163 |  |  |  | - |  |  |  | 42,163
FHLB borrowings |  | $ | 20,000 |  |  |  | - |  |  |  | 19,919 |  |  |  | - |  |  |  | 19,919
Junior subordinated debentures |  | $ | 20,619 |  |  |  | - |  |  |  | 20,619 |  |  |  | - |  |  |  | 20,619
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Fair Value Measurements at December 31, 2016
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 70,094 |  |  |  | 70,094 |  |  |  | - |  |  |  | - |  |  |  | 70,094
Investment securities available for sale |  | $ | 249,946 |  |  |  | - |  |  |  | 249,196 |  |  |  | 750 |  |  |  | 249,946
Other investments |  | $ | 2,635 |  |  |  | - |  |  |  | - |  |  |  | 2,635 |  |  |  | 2,635
Mortgage loans held for sale |  | $ | 5,709 |  |  |  | - |  |  |  | - |  |  |  | 5,709 |  |  |  | 5,709
Loans, net |  | $ | 716,261 |  |  |  | - |  |  |  | - |  |  |  | 720,675 |  |  |  | 720,675
Cash surrender value of life insurance |  | $ | 14,952 |  |  |  | - |  |  |  | 14,952 |  |  |  | - |  |  |  | 14,952
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 892,918 |  |  |  | - |  |  |  | - |  |  |  | 884,510 |  |  |  | 884,510
Securities sold under agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
to repurchase |  | $ | 36,434 |  |  |  | - |  |  |  | 36,434 |  |  |  | - |  |  |  | 36,434
FHLB borrowings |  | $ | 20,000 |  |  |  | - |  |  |  | 18,864 |  |  |  | - |  |  |  | 18,864
Junior subordinated debentures |  | $ | 20,619 |  |  |  | - |  |  |  | 20,619 |  |  |  | - |  |  |  | 20,619

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- 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
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- 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=66048111&loc=d3e19190-110258 + Details
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