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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2014
Fair Value Measurements [Abstract]  
Fair Value Assets Measured On Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

Carrying Value at September 30, 2014

Description

Balance as of

September 30,

2014

 

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

 

Significant

Other

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

US Treasuries
$
3,797 

 

$       -

 
$
3,797 

 

$       -

US agency obligations
17,789 

 

-

 
17,789 

 

-

Mortgage-backed securities
1,951 

 

-

 
1,951 

 

-

Municipals
8,403 

 

-

 
8,403 

 

-

Other (corporates)
2,000 

 

-

 
2,000 

 

-

 

 

 

 

 

 

 

 

Total available-for-sale securities
$
33,940 

 

$       -

 
$
33,940 

 

$       -

 

 

 

Carrying Value at December 31, 2013

Description

Balance as of

December 31,

2013

 

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

 

Significant

Other

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

US Treasuries
$
3,611 

 

$       -

 
$
3,611 

 

$       -

US agency obligations
20,108 

 

-

 
20,108 

 

-

Mortgage-backed securities
5,311 

 

-

 
5,311 

 

-

Municipals
15,138 

 

-

 
15,138 

 

-

Other (corporates)
1,923 

 

-

 
1,923 

 

-

 

 

 

 

 

 

 

 

Total available-for-sale securities
$
46,091 

 

$       -

 
$
46,091 

 

$       -

 

Impaired Loans And Other Real Estate Owned Measured At Fair Value On A Nonrecurring Basis

 

 

Carrying Value at September 30, 2014

Description

Balance as of September 30, 2014

Quoted Prices in Active Markets for Identical Assets (Level 1)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Impaired loans*
$
4,842 

$     -

$          -
$
4,842 

Loans held for sale
2,003 

-
2,003 

-

Other real estate owned
1,160 

-

-
1,160 

*  Includes loans charged down during the quarter to the net realizable value of the collateral.

 

 

 

 

 

 

 

Carrying Value at December 31, 2013

Description

Balance as of December 31, 2013

Quoted Prices in Active Markets for Identical Assets (Level 1)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Impaired loans*
$
4,307 

$      -

$       -
$
4,307 

Loans held for sale
1,921 

-
1,921 

-

Other real estate owned
1,451 

-

-
1,451 

*  Includes loans charged down during the quarter to the net realizable value of the collateral.

Information Regarding Quantitative Inputs Used To Value Assets Classified As Level 3

 

Quantitative information about Level 3 Fair Value Measurements for September 30, 2014

(dollars in thousands)

 

Fair Value

 

Valuation Technique(s)

Unobservable Input

Range (Weighted Average)

Assets

 

 

 

 

 

Impaired loans
$
4,842 

 

Discounted appraised value

Selling cost

5% - 10% (6%)

 

 

 

 

Discount for lack of marketability and age of appraisal

0% - 25% (15%)

 

 

 

 

 

 

OREO
1,160 

 

Discounted appraised value

Selling cost

5% - 10% (6%)

 

 

 

 

Discount for lack of marketability and age of appraisal

0% - 25% (15%)

 

Fair Value Carrying And Notional Amounts

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at September 30, 2014 using

 

 

 

Quoted Prices

 

Significant

 

 

 

 

 

 

 

in Active

 

Other

 

Significant

 

 

 

 

 

Markets for

 

Observable

 

Unobservable

 

 

 

Carrying

 

Identical Assets

 

Inputs

 

Inputs

 

 

Assets

Amounts

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Balance

  Cash and due from banks
$
14,850 

 
$
14,850 

 

$      -  

 

$      -  

 
$
14,850 

  Securities

 

 

 

 

 

 

 

 

 

     Available-for-sale
33,940 

 

-  

 
33,940 

 

-  

 
33,940 

     Held-to-maturity
2,530 

 

-  

 
2,702 

 

-  

 
2,702 

  Loans, net
373,390 

 

-  

 

-

 
378,841 

 
378,841 

  Loans held for sale
2,003 

 

 -  

 
2,003 

 

 -  

 
2,003 

  Interest receivable
1,219 

 

-  

 
1,219 

 

-  

 
1,219 

  BOLI
9,443 

 

 - 

 
9,443 

 

 - 

 
9,443 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

  Deposits
$
398,831 

 

$      -  

 
$
400,006 

 

$      -  

 
$
400,006 

  FHLB borrowings
2,000 

 

-  

 
2,009 

 

-  

 
2,009 

  Federal funds purchased
5,976 

 
5,976 

 

-

 

-

 
5,976 

  Capital notes
10,000 

 

-  

 
10,045 

 

-  

 
10,045 

  Interest payable
58 

 

-  

 
58 

 

-  

 
58 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2013 using

 

 

 

Quoted Prices

 

Significant

 

 

 

 

 

 

 

in Active

 

Other

 

Significant

 

 

 

 

 

Markets for

 

Observable

 

Unobservable

 

 

 

Carrying

 

Identical Assets

 

Inputs

 

Inputs

 

 

Assets

Amounts

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Balance

  Cash and due from banks
$
16,671 

 
$
16,671 

 

$      -  

 

$      -  

 
$
16,671 

  Securities

 

 

 

 

 

 

 

 

 

     Available-for-sale
46,091 

 

-  

 
46,091 

 

-  

 
46,091 

     Held-to-maturity
3,537 

 

-  

 
3,740 

 

-  

 
3,740 

  Loans, net
339,994 

 

-  

 

-

 
346,658 

 
346,658 

  Loans held for sale
1,921 

 

 -  

 
1,921 

 

 -  

 
1,921 

  Interest receivable
1,360 

 

-  

 
1,360 

 

-  

 
1,360 

  BOLI
9,230 

 

 - 

 
9,230 

 

 - 

 
9,230 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

  Deposits
$
387,398 

 

$      -  

 
$
388,363 

 

$      -  

 
$
388,363 

  FHLB borrowings
2,000 

 

-  

 
2,018 

 

-  

 
2,018 

  Federal funds purchased
4,108 

 
4,108 

 

-

 

-

 
4,108 

  Capital notes
10,000 

 

-  

 
10,091 

 

-  

 
10,091 

  Interest payable
65 

 

-  

 
65 

 

-  

 
65