XML 34 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1

Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 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:		September 30, 2018				(Level 1)				(Level 2)				(Level 3)
U.S. Treasury and Government Agencies		$	11,576			$	-			$	11,576			$	-
Mortgage-backed securities			61,470				-				61,470				-
State and political subdivisions			11,068				-				11,068				-
Interest rate contracts - assets			1,455				-				1,455				-
Interest rate contracts - liabilities			(1,455	)			-				(1,455	)			-

($ in thousands) Available for Sale Securities:		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 September 30, 2018				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	428			$	-			$	-			$	428
Mortgage Servicing Rights			2,707				-				-				2,707

($ 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 Values at								Weighted
($ in thousands)		September 30, 2018				Valuation Technique		Unobservable Inputs		Ave Range
Collateral-dependent impaired loans		$	428			Market comparable properties		Comparability adjustments (%)			20	%
Mortgage servicing rights			2,707			Discounted cash flow		Discount Rate			10.42	%
								Constant prepayment rate			6.59	%
								P&I earnings credit			2.23	%
								T&I earnings credit			2.94	%
								Inflation for cost of servicing			1.50	%

		Fair Value at
($ in thousands)		December 31, 2017				Valuation 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

		September 30, 2018
		Carrying				Fair Value Measurements Using
($ in thousands)		Amount				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and cash equivalents		$	45,515			$	45,515			$	-			$	-
Loans held for sale			6,888				-				6,952				-
Loans, net of allowance for loan losses			763,209				-				-				750,037
Federal Reserve and FHLB Bank stock			4,123				-				4,123				-
Accrued interest receivable			2,433				-				2,433				-
Financial liabilities
Deposits		$	789,426			$	550,127			$	237,191			$	-
Repurchase agreements			15,539				-				15,539				-
FHLB advances			24,500				-				24,220				-
Trust preferred securities			10,310				-				10,511				-
Accrued interest payable			891				-				891				-

		December 31,  2017
		Carrying				Fair Value Measurements Using
($ in thousands)		Amount				(Level 1)				(Level 2)				(Level 3)
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 input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration