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Fair Value (Tables)
6 Months Ended
Jun. 30, 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)
June 30, 2016:
Securities available-for-sale:
Agency obligations $42,63942,639
Agency RMBS102,879102,879
State and political subdivisions71,48471,484
Total securities available-for-sale217,002217,002
Other assets (1)375375
Total assets at fair value$217,377217,377
Other liabilities(1)$375375
Total liabilities at fair value$375375
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)
June 30, 2016:
Loans held for sale$1,5671,567
Loans, net(1)2,5562,556
Other real estate owned300300
Other assets (2)2,1462,146
Total assets at fair value$6,5691,5675,002
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$2,556AppraisalAppraisal discounts (%)50.2%
Other real estate owned300AppraisalAppraisal discounts (%)6.6%
Mortgage servicing rights, net2,146Discounted cash flowPrepayment speed or CPR (%)12.7%
Discount rate (%)10.0%
Financial Instruments [Table Text Block]
Fair Value Hierarchy
CarryingEstimatedLevel 1Level 2Level 3
(Dollars in thousands)amountfair valueinputsinputsInputs
June 30, 2016:
Financial Assets:
Loans, net (1)$426,166$439,452$$$439,452
Loans held for sale1,5671,6001,600
Financial Liabilities:
Time Deposits$210,846$212,291$$212,291$
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.