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Fair Value (Tables)
6 Months Ended
Jun. 30, 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)
June 30, 2015:
Securities available-for-sale:
Agency obligations $60,21960,219
Agency RMBS122,113122,113
State and political subdivisions70,57470,574
Total securities available-for-sale252,906252,906
Other assets (1)552552
Total assets at fair value$253,458253,458
Other liabilities(1)$552552
Total liabilities at fair value$552552
December 31, 2014:
Securities available-for-sale:
Agency obligations $60,24960,249
Agency RMBS135,043135,043
State and political subdivisions72,31172,311
Total securities available-for-sale267,603267,603
Other assets (1)634634
Total assets at fair value$268,237268,237
Other liabilities(1)$634634
Total liabilities at fair value$634634
(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)
June 30, 2015:
Loans held for sale$3,8753,875
Loans, net(1)1,8511,851
Other real estate owned499499
Other assets (2)2,3592,359
Total assets at fair value$8,5843,8754,709
December 31, 2014:
Loans held for sale$1,9741,974
Loans, net(1)3,0773,077
Other real estate owned534534
Other assets (2)2,3882,388
Total assets at fair value$7,9731,9745,999
(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$1,851AppraisalAppraisal discounts (%)22.4%
Other real estate owned499AppraisalAppraisal discounts (%)26.7%
Mortgage servicing rights, net2,359Discounted cash flowPrepayment speed or CPR (%)10.3%
Discount rate (%)10.0%
Financial Instruments [Table Text Block]
Fair Value Hierarchy
Carrying EstimatedLevel 1Level 2Level 3
(Dollars in thousands)amountfair valueinputsinputsInputs
June 30, 2015:
Financial Assets:
Loans, net (1)$403,609$408,327$$$408,327
Loans held for sale3,8753,8973,897
Financial Liabilities:
Time Deposits$231,634$233,385$$233,385$
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.