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

 

 

 

 

 

 

 

 

 

 

 

Carrying Value at September 30, 2015 (in thousands)

Description

Balance as of

September 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
$
17,270 

 

$       -

 
$
17,270 

 

$       -

Mortgage-backed securities
10,226 

 

-

 
10,226 

 

-

Municipals
5,128 

 

-

 
5,128 

 

-

Corporates
498 

 

 

 
498 

 

 

 

 

 

 

 

 

 

 

Total available-for-sale securities
$
33,122 

 

$       -

 
$
33,122 

 

$       -

 

 

 

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 September 30, 2015

Description

Balance as of September 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*
$
3,707 

$     -

$          -
$
3,707 

Loans held for sale
3,823 

-
3,823 

-

Other real estate owned
2,265 

-

-
2,265 

*  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 September 30, 2015

(dollars in thousands)

 

Fair Value

 

Valuation Technique(s)

Unobservable Input

Range (Weighted Average)

Assets

 

 

 

 

 

Impaired loans
$
3,707 

 

Discounted appraised value

Selling cost

5% - 10% (6%)

 

 

 

 

Discount for lack of marketability and age of appraisal

0% - 25% (15%)

 

 

 

 

 

 

OREO
2,265 

 

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, 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
$
14,416 

 
$
14,416 

 

$      -  

 

$      -  

 
$
14,416 

  Securities

 

 

 

 

 

 

 

 

 

     Available-for-sale
33,122 

 

-  

 
33,122 

 

-  

 
33,122 

     Held-to-maturity
2,523 

 

-  

 
2,674 

 

-  

 
2,674 

  Restricted stock
1,313 

 

 

 
1,313 

 

 

 
1,313 

  Loans, net
426,850 

 

-  

 

-

 
434,192 

 
434,192 

  Loans held for sale
3,823 

 

 -  

 
3,823 

 

 -  

 
3,823 

  Interest receivable
1,224 

 

-  

 
1,224 

 

-  

 
1,224 

  BOLI
9,716 

 

 - 

 
9,716 

 

 - 

 
9,716 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

  Deposits
$
458,656 

 

$      -  

 
$
459,746 

 

$      -  

 
$
459,746 

  Federal funds purchased
360 

 
360 

 

-

 

 

 
360 

  Capital notes
10,000 

 

-  

 
10,025 

 

-  

 
10,025 

  Interest payable
76 

 

-  

 
76 

 

-  

 
76 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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