XML 36 R25.htm IDEA: XBRL DOCUMENT

Fair Value (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

						Quoted Prices in		Significant
						Active Markets		Other		Significant
						for		Observable		Unobservable
						Identical Assets		Inputs		Inputs
(Dollars in thousands)				Amount		(Level 1)		(Level 2)		(Level 3)
September 30, 2016:
Securities available-for-sale:
	Agency obligations		$	41,825		—		41,825		—
	Agency RMBS			133,265		—		133,265		—
	State and political subdivisions			74,466		—		74,466		—
Total securities available-for-sale				249,556		—		249,556		—
Other assets ⁽¹⁾				309		—		309		—
		Total assets at fair value	$	249,865		—		249,865		—

Other liabilities⁽¹⁾			$	309		—		309		—
		Total liabilities at fair value	$	309		—		309		—

December 31, 2015:
Securities available-for-sale:
	Agency obligations		$	60,085		—		60,085		—
	Agency RMBS			110,954		—		110,954		—
	State and political subdivisions			70,648		—		70,648		—
Total securities available-for-sale				241,687		—		241,687		—
Other assets ⁽¹⁾				440		—		440		—
		Total assets at fair value	$	242,127		—		242,127		—

Other liabilities⁽¹⁾			$	440		—		440		—
		Total liabilities at fair value	$	440		—		440		—

⁽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 Markets		Other		Significant
					for		Observable		Unobservable
			Carrying		Identical Assets		Inputs		Inputs
(Dollars in thousands)			Amount		(Level 1)		(Level 2)		(Level 3)
September 30, 2016:
Loans held for sale		$	701		—		701		—
Loans, net⁽¹⁾			1,750		—		—		1,750
Other real estate owned			37		—		—		37
Other assets ⁽²⁾			2,031		—		—		2,031
	Total assets at fair value	$	4,519		—		701		3,818
December 31, 2015:
Loans held for sale		$	1,540		—		1,540		—
Loans, net⁽¹⁾			3,286		—		—		3,286
Other real estate owned			252		—		—		252
Other assets ⁽²⁾			2,316		—		—		2,316
	Total assets at fair value	$	7,394		—		1,540		5,854

⁽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
			Carrying						Average
(Dollars in thousands)			Amount		Valuation Technique		Significant Unobservable Input		of Input
Nonrecurring:
Impaired loans		$	1,750		Appraisal		Appraisal discounts (%)		50.2	%
Other real estate owned			37		Appraisal		Appraisal discounts (%)		61.5	%
Mortgage servicing rights, net			2,031		Discounted cash flow		Prepayment speed or CPR (%)		13.3	%
							Discount rate (%)		10.0	%

Financial Instruments [Table Text Block]

										Fair Value Hierarchy
				Carrying			Estimated			Level 1			Level 2			Level 3
(Dollars in thousands)				amount			fair value			inputs			inputs			Inputs
September 30, 2016:
Financial Assets:
	Loans, net (1)		$	422,625		$	434,053		$	—		$	—		$	434,053
	Loans held for sale			701			717			—			717			—
Financial Liabilities:
	Time Deposits		$	210,239		$	211,129		$	—		$	211,129		$	—
	Long-term debt			7,217			7,217			—			7,217			—

December 31, 2015:
Financial Assets:
	Loans, net (1)		$	422,121		$	427,340		$	—		$	—		$	427,340
	Loans held for sale			1,540			1,574			—			1,574			—
Financial Liabilities:
	Time Deposits		$	219,598		$	220,093		$	—		$	220,093		$	—
	Long-term debt			7,217			7,217			—			7,217			—

(1) Represents loans, net of unearned income and the allowance for loan losses.