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Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2018

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 March 31, 2018				(Level 1)				(Level 2)				(Level 3)
U.S. Treasury and Government Agencies		$	14,166			$	-			$	14,166			$	-
Mortgage-backed securities			64,731				-				64,731				-
State and political subdivisions			13,090				-				13,090				-
Interest rate contracts - assets			1,144				-				1,144				-
Interest rate contracts - liabilities			(1,144	)			-				(1,144	)			-

($ in thousands) Available-for-Sale Securities:		Fair Values at December 31, 2017				(Level 1)				(Level 2)				(Level 3)
U.S. Treasury and Government Agencies		$	12,708			$	-			$	12,708			$	-
Mortgage-backed securities			56,762				-				56,762				-
State and political subdivisions			13,250				-				13,250				-
Equity securities			70				-				70				-
Interest rate contracts - assets			698				-				698				-
Interest rate contracts - liabilities			(698	)			-				(698	)			-

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

($ in thousands) Description		Fair Values at March 31, 2018				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	237			$	-			$	-			$	237
Mortgage Servicing Rights			754				-				-				754

($ in thousands) Description		Fair Values at December 31, 2017				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	982			$	-			$	-			$	982
Mortgage Servicing Rights			1,490				-				-				1,490

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

		Fair Value at March 31,				Valuation
($'s in thousands)		2018				Technique		Unobservable Inputs		Range
Collateral-dependent impaired loans		$	237			Market comparable properties		Comparability adjustments (%)			20	%
Mortgage servicing rights			754			Discounted cash flow		Discount Rate			10.15	%
								Constant prepayment rate			6.39	%
								P&I earnings credit			1.88	%
								T&I earnings credit			2.62	%
								Inflation for cost of servicing			1.50	%

		Fair Value at December 31,				Valuation
($'s in thousands)		2017				Technique		Unobservable Inputs		Range
Collateral-dependent impaired loans		$	982			Market comparable properties		Comparability adjustments (%)			Not available
Mortgage servicing rights			1,490			Discounted cash flow		Discount Rate			9.65	%
								Constant prepayment rate			7.51	%
								P&I earnings credit			1.56	%
								T&I earnings credit			2.13	%
								Inflation for cost of servicing			1.50	%

Summary of estimated fair values of company's financial instruments

		March 31, 2018
		Carrying				Fair Value Measurements Using
		Amount				(Level 1)				(Level 2)				(Level 3)
($ in thousands)
Financial assets
Cash and cash equivalents		$	48,329			$	48,329			$	-			$	-
Loans held for sale			8,893				-				9,058				-
Loans, net of allowance for loan losses			698,988				-				-				684,348
Federal Reserve and FHLB Bank stock			3,748				-				3,748				-
Accrued interest receivable			1,925				-				1,925				-
Financial liabilities
Deposits		$	748,795			$	531,391			$	215,158			$	-
Repurchase agreements			14,505				-				14,505				-
FHLB advances			18,500				-				18,319				-
Trust preferred securities			10,310				-				9,446				-
Accrued interest payable			633				-				633				-

		December 31, 2017
		Carrying				Fair Value Measurements Using
		Amount				(Level 1)				(Level 2)				(Level 3)
($ in thousands)
Financial assets
Cash and due from banks		$	26,616			$	26,616			$	-			$	-
Loans held for sale			3,940				-				4,041				-
Loans, net of allowance for loan losses			688,685				-				-				686,940
Federal Reserve and FHLB Bank stock, at cost			3,748				-				3,748				-
Accrued interest receivable			1,825				-				1,825				-
Financial liabilities
Deposits		$	729,600			$	511,782			$	220,823			$	-
Repurchase agreements			15,082				-				15,082				-
FHLB advances			18,500				-				18,385				-
Trust preferred securities			10,310				-				9,673				-
Accrued interest payable			592				-				592				-

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
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-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
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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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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-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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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=77997519&loc=d3e13476-108611

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-Publisher FASB
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-Section 50
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-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13467-108611

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

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