XML 71 R45.htm IDEA: XBRL DOCUMENT v3.10.0.1

Disclosures about Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

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 12/31/2018				(Level 1)				(Level 2)				(Level 3)
U.S. Treasury and Government Agencies		$	18,670			$	-			$	18,670			$	-
Mortgage-backed securities			60,943				-				60,943				-
State and political subdivisions			11,356				-				11,356				-
Interest rate contracts - assets			687				-				687				-
Interest rate contracts - liabilities			(687	)			-				(687	)			-

($ in thousands) Available-for-sale securities:		Fair Values at 12/31/2017				(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 non-recurring basis

($ in thousands)		Fair values at 12/31/2018				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	1,027			$	-			$	-			$	1,027
Mortgage servicing rights			3,191				-				-				3,191

($ in thousands)		Fair values at 12/31/2017				(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				Valuation				Range (weighted-
($ in thousands)		12/31/2018				technique		Unobservable inputs		average)
Collateral-dependent impaired loans		$	1,027			Market comparable properties		Comparability adjustments (%)			20 - 35% (29	%)
Mortgage servicing rights			3,191			Discounted cash flow		Discount Rate			10.30	%
								Constant prepayment rate			7.02	%
								P&I earnings credit			2.51	%
								T&I earnings credit			3.02	%
								Inflation for cost of servicing			1.50	%

		Fair Value at				Valuation				Range (weighted-
($ in thousands)		12/31/2017				technique		Unobservable inputs		average)
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

($ in thousands)		Carrying				Fair				Fair value measurements using
December 31, 2018		amount				value				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and due from banks		$	48,363			$	48,363			$	48,363			$	-			$	-
Loans held for sale			4,445				4,589				-				4,589				-
Loans, net of allowance for loan losses			763,716				757,469				-				-				757,469
Federal Reserve and FHLB Bank stock, at cost			4,123				4,123				-				4,123				-
Interest receivable			2,822				2,822				-				2,822				-
Financial liabilities
Deposits		$	802,552			$	799,726			$	561,090			$	238,636			$	-
Repurchase agreements			15,184				15,184				-				15,184				-
FHLB advances			16,000				15,848				-				15,848				-
Trust preferred securities			10,310				10,233				-				10,233				-
Interest payable			909				909				-				909				-

($ in thousands)		Carrying				Fair				Fair value measurements using
December 31, 2017		amount				value				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and due from banks		$	26,616			$	26,616			$	26,616			$	-			$	-
Loans held for sale			3,940				4,041				-				4,041				-
Loans, net of allowance for loan losses			688,685				686,940				-				-				686,940
Federal Reserve and FHLB Bank stock, at cost			3,748				3,748				-				3,748				-
Interest receivable			1,825				1,825				-				1,825				-
Financial liabilities
Deposits		$	729,600			$	732,605			$	511,782			$	220,823			$	-
Repurchase agreements			15,082				15,082				-				15,082				-
FHLB advances			18,500				18,385				-				18,385				-
Trust preferred securities			10,310				9,673				-				9,673				-
Interest payable			592				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