XML 58 R20.htm IDEA: XBRL DOCUMENT v3.3.0.814
Fair Value of Assets and Liabilities (Tables)
 9 Months Ended
Sep. 30, 2015
Fair Value of Assets and Liabilities [Abstract]  
Summary of fair value measurements of assets measured at fair value on a recurring basis
Fair Value Measurements Using:
 
($ in thousands)
Available-for-Sale Securities:		 Fair Values at
9/30/2015		  (Level 1)  (Level 2)  (Level 3) 
             
U.S. Treasury and Government Agencies $11,307  $-  $11,307  $- 
Mortgage-backed securities  65,641   -   65,641   - 
State and political subdivisions  18,511   -   18,511   - 
Equity securities  23   -   23   - 
Interest rate contracts - assets  651   -   651   - 
Interest rate contracts - liabilities  (651)  -   (651)  - 

 

Fair Value Measurements Using:
 
($ 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  $- 
Mortgage-backed securities  50,740   -   50,740   - 
State and political subdivisions  19,170   -   19,170   - 
Equity securities  23   -   23   - 
Interest rate contracts - assets  273   -   273   - 
Interest rate contracts - liabilities  (273)  -   (273)  - 
Summary of fair value measurements of assets measured at fair value on a nonrecurring basis
($ in thousands) Fair Values at          
Description 9/30/2015  (Level 1)  (Level 2)  (Level 3) 
Impaired loans $5,187  $-  $-  $5,187 
Mortgage Servicing Rights  2,622   -   -   2,622 

 

($ in thousands) Fair Values at          
Description 12/31/2014  (Level 1)  (Level 2)  (Level 3) 
Impaired loans $2,538  $-  $-  $2,538 
Mortgage Servicing Rights  3,037   -   -   3,037 
Summary of quantitative information about unobservable inputs used in recurring and nonrecurring
  Fair Value at  Valuation Unobservable Range (Weighted 
($'s in thousands) 9/30/2015  Technique Inputs Average) 
           
Collateral-dependent impaired loans  5,187  Market comparable properties Comparability adjustments (%)   Not available 
Mortgage servicing rights  2,622  Discounted cash flow Discount Rate  9.50%
        Constant prepayment rate  10.30%
        P&l earnings credit  0.20%
        T&l earnings credit  1.67%
        Inflation for cost of servicing  1.50%

 

  Fair Value at  Valuation Unobservable Range (Weighted 
($'s in thousands) 12/31/2014  Technique Inputs 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&l earnings credit  0.17%
        T&l earnings credit  1.75%
        Inflation for cost of servicing  1.50%
Summary of estimated fair values of company's financial instruments
  Sep. 30, 
2015
Carrying		  Fair Value Measurements Using 
  Amount  (Level 1)  (Level 2)  (Level 3) 
Financial assets            
Cash and cash equivalents $18,372  $18,372   $ - $   - 
Loans held for sale  8,517   -   8,740   - 
Loans, net of allowance for loan losses  533,813   -   -   536,312 
Federal Reserve and FHLB Bank stock  3,748   -   3,748   - 
Mortgage Servicing Rights  6,798   -   -   7,420 
Accrued interest receivable  1,817   -   1,817   - 
                 
Financial liabilities                
Deposits $573,568  $102,460  $473,331$  - 
FHLB Advances  30,000   -   30,146   - 
Short-term borrowings  16,911   -   16,911   - 
Trust preferred securities  10,310   -   7,693   - 
Accrued interest payable  341   -   341   - 

 

  December 31, 2014
Carrying		  Fair Value Measurements Using 
  Amount  (Level 1)  (Level 2)  (Level 3) 
Financial assets                
Cash and cash equivalents $28,197  $28,197   $ - $   - 
Loam held for sale  5,168   -   5,315   - 
Loam, net of allowance for ban bsses  509,565   -   -   510,314 
Federal Reserve and FHLB Bank stock, at cost  3,748   -   3,748   - 
Mortgage Servicing Rights  5,704   -   -   6,358 
Accrued interest receivable  1,346   -   1,346   - 
                 
Financial liabilities              - 
Deposits $550,906  $97,853  $455,383$  - 
FHLB advances  30,000   -   29,907   - 
Short-termborrowings  12,740   -   12,740   - 
Trust preferred securities  10,310   -   7,206   - 
Accrued interest payable  264   -   264   -