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Fair Value (Tables)
3 Months Ended
Mar. 31, 2015
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Quoted Prices inSignificant
Active MarketsOtherSignificant
forObservableUnobservable
Identical AssetsInputsInputs
(Dollars in thousands)Amount(Level 1)(Level 2)(Level 3)
March 31, 2015:
Securities available-for-sale:
Agency obligations $ 60,861 60,861
Agency RMBS 129,993 129,993
State and political subdivisions 71,287 71,287
Total securities available-for-sale 262,141 262,141
Other assets (1) 613 613
Total assets at fair value$ 262,754 262,754
Other liabilities(1)$ 613 613
Total liabilities at fair value$ 613 613
December 31, 2014:
Securities available-for-sale:
Agency obligations $ 60,249 60,249
Agency RMBS 135,043 135,043
State and political subdivisions 72,311 72,311
Total securities available-for-sale 267,603 267,603
Other assets (1) 634 634
Total assets at fair value$ 268,237 268,237
Other liabilities(1)$ 634 634
Total liabilities at fair value$ 634 634
(1)Represents the fair value of interest rate swap agreements.
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]
Quoted Prices in
Active MarketsOtherSignificant
forObservableUnobservable
CarryingIdentical AssetsInputsInputs
(Dollars in thousands)Amount(Level 1)(Level 2)(Level 3)
March 31, 2015:
Loans held for sale$ 3,549 3,549
Loans, net(1) 3,083 3,083
Other real estate owned 499 499
Other assets (2) 2,355 2,355
Total assets at fair value$ 9,486 3,549 5,937
December 31, 2014:
Loans held for sale$ 1,974 1,974
Loans, net(1) 3,077 3,077
Other real estate owned 534 534
Other assets (2) 2,388 2,388
Total assets at fair value$ 7,973 1,974 5,999
(1)Loans considered impaired under ASC 310-10-35, Receivables. This amount reflects the recorded investment in
impaired loans, net of any related allowance for loan losses.
(2)Represents MSRs, net, carried at lower of cost or estimated fair value.
Fair Value, Assets and Liabilities Measured on a Recurring and Nonrecurring Basis, Valuation Techniques [Table Text Block]
Weighted
CarryingAverage
(Dollars in thousands)AmountValuation TechniqueSignificant Unobservable Inputof Input
Nonrecurring:
Impaired loans$ 3,083AppraisalAppraisal discounts (%)16.9%
Other real estate owned 499AppraisalAppraisal discounts (%)26.7%
Mortgage servicing rights, net 2,355Discounted cash flowPrepayment speed or CPR (%)10.5%
Discount rate (%)10.0%
Financial Instruments [Table Text Block]
Fair Value Hierarchy
Carrying EstimatedLevel 1Level 2Level 3
(Dollars in thousands)amountfair valueinputsinputsInputs
March 31, 2015:
Financial Assets:
Loans, net (1)$391,891$401,679$$$401,679
Loans held for sale3,5493,6473,647
Financial Liabilities:
Time Deposits$238,670$241,216$$241,216$
Long-term debt7,2177,2177,217
December 31, 2014:
Financial Assets:
Loans, net (1)$398,118$407,839$$$407,839
Loans held for sale1,9742,0442,044
Financial Liabilities:
Time Deposits$249,126$251,365$$251,365$
Long-term debt12,21712,55812,558
(1) Represents loans, net of unearned income and the allowance for loan losses.