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Fair Value (Tables)
3 Months Ended
Mar. 31, 2018
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, 2018:
Securities available-for-sale:
Agency obligations $51,68151,681
Agency RMBS135,793135,793
State and political subdivisions71,70371,703
Total securities available-for-sale259,177259,177
Other assets (1)1212
Total assets at fair value$259,189259,189
Other liabilities(1)$1212
Total liabilities at fair value$1212
December 31, 2017:
Securities available-for-sale:
Agency obligations $53,06253,062
Agency RMBS133,072133,072
State and political subdivisions71,56371,563
Total securities available-for-sale257,697257,697
Other assets (1)5252
Total assets at fair value$257,749257,749
Other liabilities(1)$5252
Total liabilities at fair value$5252
(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, 2018:
Loans held for sale$917917
Loans, net(1)2,3252,325
Other assets (2)1,6041,604
Total assets at fair value$4,8469173,929
December 31, 2017:
Loans held for sale$1,9221,922
Loans, net(1)2,7002,700
Other assets (2)1,6441,644
Total assets at fair value$6,2661,9224,344
(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$2,325AppraisalAppraisal discounts (%)33.7%
Mortgage servicing rights, net1,604Discounted cash flowPrepayment speed or CPR (%)8.8%
Discount rate (%)10.0%
Financial Instruments [Table Text Block]
Fair Value Hierarchy
CarryingEstimatedLevel 1Level 2Level 3
(Dollars in thousands)amountfair valueinputsinputsInputs
March 31, 2018:
Financial Assets:
Loans, net (1)$439,072$437,248$$$437,248
Loans held for sale91700
Financial Liabilities:
Time Deposits$186,142$187,423$$187,423$
Long-term debt3,2173,2173,217
December 31, 2017:
Financial Assets:
Loans, net (1)$448,894$447,468$$$447,468
Loans held for sale1,9221,9501,950
Financial Liabilities:
Time Deposits$188,071$185,564$$185,564$
Long-term debt3,2173,2173,217
(1) Represents loans, net of unearned income and the allowance for loan losses. In accordance with the prospective adoption of ASU No. 2016-01, the fair
value of loans as of March 31, 2018 was measured using an exit price notion. The fair value of loans as of December 31, 2017 was measured using
an entry price notion.