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Fair Value (Tables)
12 Months Ended
Dec. 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)
December 31, 2018:
Securities available-for-sale:
Agency obligations $51,17151,171
Agency RMBS118,598118,598
State and political subdivisions70,03270,032
Total securities available-for-sale239,801239,801
Total assets at fair value$239,801239,801
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
Identical AssetsInputsInputs
(Dollars in thousands)Amount(Level 1)(Level 2)(Level 3)
December 31, 2018:
Loans held for sale$383383
Loans, net(1)157157
Other real estate owned172172
Other assets (2)1,4411,441
Total assets at fair value$2,1533831,770
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$157AppraisalAppraisal discounts (%)10.0%
Other real estate owned172AppraisalAppraisal discounts (%)10.0%
Mortgage servicing rights, net1,441Discounted cash flowPrepayment speed or CPR (%)8.3%
Discount rate (%)10.0%
Financial Instruments [Table Text Block]
Fair Value Hierarchy
Carrying EstimatedLevel 1Level 2Level 3
(Dollars in thousands)amountfair valueinputsinputsInputs
December 31, 2018:
Financial Assets:
Loans, net (1)$472,118$465,456$$$465,456
Loans held for sale383397397
Financial Liabilities:
Time Deposits$181,237$181,168$$181,168$
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 December 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.