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Fair Value (Tables)
9 Months Ended
Sep. 30, 2017
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, 2017:
Securities available-for-sale:
Agency obligations $53,50553,505
Agency RMBS139,806139,806
State and political subdivisions71,86071,860
Total securities available-for-sale265,171265,171
Other assets (1)9696
Total assets at fair value$265,267265,267
Other liabilities(1)$9696
Total liabilities at fair value$9696
December 31, 2016:
Securities available-for-sale:
Agency obligations $45,47145,471
Agency RMBS127,787127,787
State and political subdivisions70,31470,314
Total securities available-for-sale243,572243,572
Other assets (1)241241
Total assets at fair value$243,813243,813
Other liabilities(1)$241241
Total liabilities at fair value$241241
(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, 2017:
Loans held for sale$924924
Loans, net(1)2,6642,664
Other real estate owned103103
Other assets (2)1,7031,703
Total assets at fair value$5,3949244,470
December 31, 2016:
Loans held for sale$1,4971,497
Loans, net(1)2,0992,099
Other real estate owned152152
Other assets (2)1,9521,952
Total assets at fair value$5,7001,4974,203
(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$2,664AppraisalAppraisal discounts (%)16.9%
Other real estate owned103AppraisalAppraisal discounts (%)18.9%
Mortgage servicing rights, net1,703Discounted cash flowPrepayment speed or CPR (%)11.0%
Discount rate (%)10.0%
Financial Instruments [Table Text Block]
Fair Value Hierarchy
CarryingEstimatedLevel 1Level 2Level 3
(Dollars in thousands)amountfair valueinputsinputsInputs
September 30, 2017:
Financial Assets:
Loans, net (1)$444,708$445,776$$$445,776
Loans held for sale924931931
Financial Liabilities:
Time Deposits$194,131$192,463$$192,463$
Long-term debt3,2173,2173,217
December 31, 2016:
Financial Assets:
Loans, net (1)$426,303$428,446$$$428,446
Loans held for sale1,4971,5071,507
Financial Liabilities:
Time Deposits$208,137$207,791$$207,791$
Long-term debt3,2173,2173,217
(1) Represents loans, net of unearned income and the allowance for loan losses.