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Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value of Assets and Liabilities [Abstract]

Summary of fair value measurements of assets measured at fair value on a recurring basis

($ in thousands) Available-for-Sale Securities:		Fair Values at  9/30/16				(Level 1)				(Level 2)				(Level 3)
U.S. Treasury and Government Agencies		$	14,033			$	-			$	14,033			$	-
Mortgage-backed securities			62,760				-				62,760				-
State and political subdivisions			15,873				-				15,873				-
Equity securities			23				-				23				-
Interest rate contracts - assets			1,396				-				1,396				-
Interest rate contracts - liabilities			(1,396	)			-				(1,396	)			-

($ in thousands) Available-for-Sale Securities:		Fair Values at 12/31/2015				(Level 1)				(Level 2)				(Level 3)
U.S. Treasury and Government Agencies		$	10,905			$	-			$	10,905			$	-
Mortgage-backed securities			61,343				-				61,343				-
State and political subdivisions			17,518				-				17,518				-
Equity securities			23								23				-
Interest rate contracts - assets			490								490				-
Interest rate contracts - liabilities			(490	)							(490	)			-

Summary of fair value measurements of assets measured at fair value on a nonrecurring basis

($ in thousands)  Description		Fair Values at  9/30/2016				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	1,188			$	-			$	-			$	1,188
Mortgage Servicing Rights			7,125			$	-			$	-				7,125

($ in thousands) Description		Fair Values at  12/31/2015				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	3,011			$	-			$	-			$	3,011
Mortgage Servicing Rights			2,585			$	-			$	-				2,585

Summary of quantitative information about unobservable inputs used in recurring and nonrecurring

($'s in thousands)		Fair Value at 9/30/2016				Valuation  Technique		Unobservable Inputs		Range  (Weighted Average)
Collateral-dependent impaired loans		$	1,188			Market comparable properties		Comparability adjustments (%)			Not available
Mortgage servicing rights			7,125			Discounted cash flow		Discount Rate			9.03	%
								Constant prepayment rate			14.45	%
								P&I earnings credit			0.53	%
								T&I earnings credit			1.14	%
								Inflation for cost of servicing			1.50	%

($'s in thousands)		Fair Value at 12/31/2015				Valuation Technique		Unobservable Inputs		Range (Weighted Average)
Collateral-dependent impaired loans		$	3,011			Market comparable properties		Comparability adjustments (%)			Not available
Mortgage servicing rights			2,585			Discounted cash flow		Discount Rate			9.75	%
								Constant prepayment rate			8.90	%
								P&I earnings credit			0.42	%
								T&I earnings credit			1.54	%
								Inflation for cost of servicing			1.50	%

Summary of estimated fair values of company's financial instruments

		September 30, 2016 Carrying				Fair Value Measurements Using
		Amount				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and cash equivalents		$	25,167			$	25,167			$	-			$	-
Loans held for sale			5,865				-				6,053				-
Loans, net of allowance for loan losses			612,032				-				-				612,961
Federal Reserve and FHLB Bank stock			3,748				-				3,748				-
Mortgage Servicing Rights			6,887				-				-				6,947
Accrued interest receivable			1,641				-				1,641				-
Financial liabilities
Deposits		$	662,144			$	116,976			$	548,360			$	-
FHLB Advances			23,000				-				23,143				-
Short-term borrowings			11,363				-				11,363				-
Trust preferred securities			10,310				-				8,015				-
Accrued interest payable			427				-				427				-

		December 31, 2015 Carrying				Fair Value Measurements Using
		Amount				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and due from banks		$	20,459			$	20,459			$	-			$	-
Loans held for sale			7,516				-				7,779				-
Loans, net of allowance for loan losses			550,669				-				-				548,154
Federal Reserve and FHLB Bank stock, at cost			3,748				-				3,748				-
Mortgage Servicing Rights			7,152				-				-				7,760
Accrued interest receivable			1,260				-				1,260				-
Financial liabilities
Deposits		$	586,453			$	113,113			$	475,468			$	-
FHLB advances			35,000				-				34,870				-
Short-term borrowings			12,406				-				12,406				-
Trust preferred securities			10,310				-				7,165				-
Accrued interest payable			264				-				264				-

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 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=66048111&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=66048111&loc=d3e19190-110258

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-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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
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- 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 (b)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-Publisher FASB
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-Section 50
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-Subparagraph (a)
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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

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-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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-Publisher FASB
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- Definition

Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs.

+ 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)
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