XML 18 R48.htm IDEA: XBRL DOCUMENT v2.4.1.9
Disclosures About Fair Value of Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2014
Disclosures About Fair Value Of Assets and Liabilities [Abstract]  
Fair value measurements of securities measured at fair value on a recurring basis

 ($ in thousands)
Available-for-Sale Securities:		 Fair Values at
12/31/2014		  (Level 1)  (Level 2)  (Level 3) 
              
 U.S. Treasury and Government Agencies $15,307  $-  $15,307  $- 
 Mortgage-backed securities  50,740   -   50,740   - 
 State and political subdivisions  19,170   -   19,170   - 
 Equity securities  23       23     
 Interest rate contracts - assets  273       273     
 Interest rate contracts - liabilities  (273)      (273)    

 

Fair Value Measurements Using:

 

 ($ in thousands)
Available-for-Sale Securities:		 Fair Values at
12/31/2013		  (Level 1)  (Level 2)  (Level 3) 
              
 U.S. Treasury and Government Agencies $11,300  $-  $11,300  $- 
 Mortgage-backed securities  57,223   -   57,223   - 
 State and political subdivisions  18,155   -   18,155   - 
 Money Market Mutual Fund  3,092   3,092   -   - 
 Equity securities  23       23     
 Interest rate contracts - assets  257       257     
 Interest rate contracts - liabilities  (257)      (257)    
Summary of fair value measurements of assets measured at fair value on a non-recurring basis

Fair Value Measurements Using:

 

 ($ in thousands)
Description		 Fair Values at
12/31/2014		  (Level 1)  (Level 2)  (Level 3) 
 Impaired loans $2,538  $-  $-  $2,538 
 Mortgage Servicing Rights  3,037   -   -   3,037 

 

Fair Value Measurements Using:

 

 ($ in thousands)
Description		 Fair Values at
12/31/2013		  (Level 1)  (Level 2)  (Level 3) 
 Impaired loans $3,540  $-  $-  $3,540 
 Mortgage Servicing Rights  2,029   -   -   2,029 
 Foreclosed Assets  45   -   -   45 
Summary of quantitative information about unobservable inputs used in recurring and nonrecurring
 ($ in thousands) Fair Value at 12/31/2014  Valuation Technique Unobservable Inputs Range (Weighted Average) 
 Collateral-dependent impaired loans $2,538  Market comparable properties Comparability adjustments (%)  Not available 
 Mortgage servicing rights  3,037  Discounted cash flow Discount Rate  9.50%
         Constant prepayment rate  10.30%
         P&I earnings credit  0.17%
         T&I earnings credit  1.75%
         Inflation for cost of servicing  1.50%

 

 ($ in thousands) Fair Value at 12/31/2013  Valuation Technique Unobservable Inputs Range (Weighted Average) 
 Collateral-dependent impaired loans $3,540  Market comparable properties Comparability adjustments (%)  Not available 
              
 Mortgage servicing rights  2,029  Discounted cash flow Discount Rate  10.25%
         Constant prepayment rate  8.50%
         P&I earnings credit  0.17%
         T&I earnings credit  1.54%
         Inflation for cost of servicing  1.50%
 Foreclosed asset  45    Marketability discount  10.0%
Summary of estimated fair values of company's financial instruments
 December 31, 2014 Carrying  Fair Value Measurements Using 
 $'s in thousands Amount  (Level 1)  (Level 2)  (Level 3) 
              
 Financial assets            
 Cash and due from banks $28,197  $28,197  $-  $- 
 Loans held for sale  5,168   -   5,315   - 
 Loans, net of allowance for loan losses  509,565   -   -   510,314 
 Federal Reserve and FHLB Bank stock, at cost  3,748   -   3,748   - 
 Interest receivable  1,346   -   1,346   - 
 Mortgage Servicing Rights  5,704   -   -   6,358 
                  
 Financial liabilities                
 Deposits $550,906  $97,853  $455,383  $- 
 Repurchase agreements  12,740   -   12,740   - 
 FHLB advances  30,000   -   29,907   - 
 Trust preferred securities  10,310   -   7,206   - 
 Interest payable  264   -   264   - 

 

 December 31, 2013 Carrying  Fair Value Measurements Using 
 $'s in thousands Amount  (Level 1)  (Level 2)  (Level 3) 
              
 Financial assets            
 Cash and due from banks $13,137  $13,137  $-  $- 
 Loans held for sale  3,366   -   3,476   - 
 Loans, net of allowance for loan losses  470,339   -   -   469,505 
 Federal Reserve and FHLB Bank stock, at cost  3,748   -   3,748   - 
 Interest receivable  1,281   -  1,281   - 
 Mortgage Servicing Rights  5,180   -   -   6,237 
                  
 Financial liabilities                
 Deposits $518,234  $81,570  $439,273  $- 
 Repurchase agreements  14,696   -   14,696   - 
 Notes payable  589   -   600   - 
 FHLB advances  16,000   -   15,955   - 
 Trust preferred securities  20,620   -   15,566   - 
 Interest payable  639   -   639   -