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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2015
Fair Value Measurements [Abstract]  
Fair Value Assets Measured On Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

Carrying Value at June 30, 2015 (in thousands)

Description

Balance as of

June 30,

2015

 

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

 

Significant

Other

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

US agency obligations
$
21,360 

 

$       -

 
$
21,360 

 

$       -

Mortgage-backed securities
4,048 

 

-

 
4,048 

 

-

Municipals
3,553 

 

-

 
3,553 

 

-

Corporates
487 

 

 

 
487 

 

 

 

 

 

 

 

 

 

 

Total available-for-sale securities
$
29,448 

 

$       -

 
$
29,448 

 

$       -

 

 

 

Carrying Value at December 31, 2014 (in thousands)

Description

Balance as of

December 31,

2014

 

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

 

Significant

Other

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

US agency obligations
$
13,498 

 

$       -

 
$
13,498 

 

$       -

Mortgage-backed securities
1,982 

 

-

 
1,982 

 

-

Municipals
7,899 

 

-

 
7,899 

 

-

Corporates
1,016 

 

-

 
1,016 

 

-

 

 

 

 

 

 

 

 

Total available-for-sale securities
$
24,395 

 

$       -

 
$
24,395 

 

$       -

 

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

 

 

Carrying Value at June 30, 2015

Description

Balance as of June 30, 2015

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

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Impaired loans*
$
4,115 

$     -

$          -
$
4,115 

Loans held for sale
2,972 

-
2,972 

-

Other real estate owned
2,065 

-

-
2,065 

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

 

 

 

 

 

 

 

Carrying Value at December 31, 2014

Description

Balance as of December 31, 2014

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

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

Impaired loans*
$
3,045 

$      -

$       -
$
3,045 

Loans held for sale
1,030 

-
1,030 

-

Other real estate owned
956 

-

-
956 

*  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 June 30, 2015

(dollars in thousands)

 

Fair Value

 

Valuation Technique(s)

Unobservable Input

Range (Weighted Average)

Assets

 

 

 

 

 

Impaired loans
$
4,115 

 

Discounted appraised value

Selling cost

5% - 10% (6%)

 

 

 

 

Discount for lack of marketability and age of appraisal

0% - 25% (15%)

 

 

 

 

 

 

OREO
2,065 

 

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 June 30, 2015 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
$
16,498 

 
$
16,498 

 

$      -  

 

$      -  

 
$
16,498 

  Fed funds sold
2,339 

 
2,339 

 

-

 

-

 
2,339 

  Securities

 

 

 

 

 

 

 

 

 

     Available-for-sale
29,448 

 

-  

 
29,448 

 

-  

 
29,448 

     Held-to-maturity
2,524 

 

-  

 
2,684 

 

-  

 
2,684 

  Restricted stock
1,313 

 

 

 
1,313 

 

 

 
1,313 

  Loans, net
412,425 

 

-  

 

-

 
419,189 

 
419,189 

  Loans held for sale
2,972 

 

 -  

 
2,972 

 

 -  

 
2,972 

  Interest receivable
1,216 

 

-  

 
1,216 

 

-  

 
1,216 

  BOLI
9,648 

 

 - 

 
9,648 

 

 - 

 
9,648 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

  Deposits
$
445,386 

 

$      -  

 
$
446,532 

 

$      -  

 
$
446,532 

  Capital notes
10,000 

 

-  

 
9,989 

 

-  

 
9,989 

  Interest payable
74 

 

-  

 
74 

 

-  

 
74 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 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
$
12,743 

 
$
12,743 

 

$      -  

 

$      -  

 
$
12,743 

  Securities

 

 

 

 

 

 

 

 

 

     Available-for-sale
24,395 

 

-  

 
24,395 

 

-  

 
24,395 

     Held-to-maturity
2,528 

 

-  

 
2,699 

 

-  

 
2,699 

  Restricted stock
1,739 

 

-

 
1,739 

 

 

 
1,739 

  Loans, net
394,573 

 

-  

 

-

 
401,281 

 
401,281 

  Loans held for sale
1,030 

 

 -  

 
1,030 

 

 -  

 
1,030 

  Interest receivable
1,246 

 

-  

 
1,246 

 

-  

 
1,246 

  BOLI
9,512 

 

 - 

 
9,512 

 

 - 

 
9,512 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

  Deposits
$
399,497 

 

$      -  

 
$
400,351 

 

$      -  

 
$
400,351 

  FHLB borrowings
12,000 

 
10,000 

 
2,005 

 

-  

 
12,005 

  Federal funds purchased
3,189 

 
3,189 

 

-

 

-

 
3,189 

  Capital notes
10,000 

 

-  

 
10,023 

 

-  

 
10,023 

  Interest payable
58 

 

-  

 
58 

 

-  

 
58