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Fair Value (Tables)
9 Months Ended
Sep. 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)
September 30, 2015:
Securities available-for-sale:
Agency obligations $60,55560,555
Agency RMBS117,303117,303
State and political subdivisions72,28472,284
Total securities available-for-sale250,142250,142
Other assets (1)524524
Total assets at fair value$250,666250,666
Other liabilities(1)$524524
Total liabilities at fair value$524524
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)
September 30, 2015:
Loans held for sale$3,5513,551
Loans, net(1)3,4453,445
Other real estate owned278278
Other assets (2)2,3752,375
Total assets at fair value$9,6493,5516,098
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$3,445AppraisalAppraisal discounts (%)24.4%
Other real estate owned278AppraisalAppraisal discounts (%)12.9%
Mortgage servicing rights, net2,375Discounted cash flowPrepayment speed or CPR (%)10.2%
Discount rate (%)10.0%
Financial Instruments [Table Text Block]
Fair Value Hierarchy
Carrying EstimatedLevel 1Level 2Level 3
(Dollars in thousands)amountfair valueinputsinputsInputs
September 30, 2015:
Financial Assets:
Loans, net (1)$417,445$426,383$$$426,383
Loans held for sale3,5513,6463,646
Financial Liabilities:
Time Deposits$225,167$226,197$$226,197$
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.