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Fair Value (Tables)
3 Months Ended
Mar. 31, 2016
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, 2016:
Securities available-for-sale:
Agency obligations $55,88055,880
Agency RMBS107,664107,664
State and political subdivisions70,56470,564
Total securities available-for-sale234,108234,108
Other assets (1)418418
Total assets at fair value$234,526234,526
Other liabilities(1)$418418
Total liabilities at fair value$418418
December 31, 2015:
Securities available-for-sale:
Agency obligations $60,08560,085
Agency RMBS110,954110,954
State and political subdivisions70,64870,648
Total securities available-for-sale241,687241,687
Other assets (1)440440
Total assets at fair value$242,127242,127
Other liabilities(1)$440440
Total liabilities at fair value$440440
(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, 2016:
Loans held for sale$2,3262,326
Loans, net(1)2,5052,505
Other real estate owned397397
Other assets (2)2,2352,235
Total assets at fair value$7,4632,3265,137
December 31, 2015:
Loans held for sale$1,5401,540
Loans, net(1)3,2863,286
Other real estate owned252252
Other assets (2)2,3162,316
Total assets at fair value$7,3941,5405,854
(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 Nonrecurring Basis, Valuation Techniques [Table Text Block]
Weighted
CarryingAverage
(Dollars in thousands)AmountValuation TechniqueSignificant Unobservable Inputof Input
Nonrecurring:
Impaired loans$2,505AppraisalAppraisal discounts (%)39.9%
Other real estate owned397AppraisalAppraisal discounts (%)7.2%
Mortgage servicing rights, net2,235Discounted cash flowPrepayment speed or CPR (%)10.7%
Discount rate (%)10.0%
Financial Instruments [Table Text Block]
Fair Value Hierarchy
Carrying EstimatedLevel 1Level 2Level 3
(Dollars in thousands)amountfair valueinputsinputsInputs
March 31, 2016:
Financial Assets:
Loans, net (1)$426,989$437,145$$$437,145
Loans held for sale2,3262,3452,345
Financial Liabilities:
Time Deposits$215,388$216,811$$216,811$
Long-term debt7,2177,2177,217
December 31, 2015:
Financial Assets:
Loans, net (1)$422,121$427,340$$$427,340
Loans held for sale1,5401,5741,574
Financial Liabilities:
Time Deposits$219,598$220,093$$220,093$
Long-term debt7,2177,2177,217
(1) Represents loans, net of unearned income and the allowance for loan losses.