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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Measurements [Abstract]

Fair Value Assets Measured On Recurring Basis


			Carrying Value at September 30, 2017 (in thousands)
Description	Balance as of September 30, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
US Treasuries	$1,874		$        -		$1,874		$       -
US agency obligations	17,461		-		17,461		-
Mortgage-backed securities	14,038		-		14,038		-
Municipals	12,298		-		12,298		-
Corporates	3,993		-		3,993		-

Total available-for-sale securities	$49,664		$       -		$49,664		$       -
			Carrying Value at December 31, 2016 (in thousands)
Description	Balance as of December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
US Treasuries	$1,833		$		$1,833		$
US agency obligations	13,113		-		13,113		-
Mortgage-backed securities	12,005		-		12,005		-
Municipals	9,947		-		9,947		-
Corporates	3,878		-		3,878		-

Total available-for-sale securities	$40,776		$       -		$40,776		$       -



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

		Carrying Value at September 30, 2017
Description	Balance as of September 30, 2017	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Impaired loans*	$2,523	$     -	$          -	$2,523
Loans held for sale	1,502	-	1,502	-
Other real estate owned	2,639	-	-	2,639

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


		Carrying Value at December 31, 2016
Description	Balance as of December 31, 2016	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Impaired loans*	$2,830	$      -	$       -	$2,830
Loans held for sale	3,833	-	3,833	-
Other real estate owned	2,370	-	-	2,370

*  Includes loans charged down 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, 2017 (dollars in thousands)
	Fair Value		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)
Assets
Impaired loans	$2,523		Discounted appraised value	Selling cost	5% - 10% (6%)
				Discount for lack of marketability and age of appraisal	0% - 25% (15%)

OREO	2,639		Discounted appraised value	Selling cost	5% - 10% (6%)
				Discount for lack of marketability and age of appraisal	0% - 25% (15%)




	Quantitative information about Level 3 Fair Value Measurements for December 31, 2016 (dollars in thousands)
	Fair Value		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)
Assets
Impaired loans	$2,830		Discounted appraised value	Selling cost	5% - 10%  (6%)
				Discount for lack of marketability and age of appraisal	0% - 25%  (15%)

OREO	2,370		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, 2017 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	$22,806			$22,806		$      -		$      -		$22,806
   Fed funds sold	13,534			13,534		-		-		13,534
   Securities
      Available-for-sale	49,664			-		49,664		-		49,664
      Held-to-maturity	3,282			-		3,263		-		3,263
   Restricted stock	1,505					1,505		-		1,505
   Loans, net	493,764			-		-		496,875		496,875
   Loans held for sale	1,502			-		1,502		-		1,502
   Interest receivable	1,596			-		1,596		-		1,596
   BOLI	12,932			-		12,932		-		12,932

Liabilities
   Deposits	$560,515			$      -		$561,450		$      -		$561,450
   Capital notes	5,000			-		5,217		-		5,217
   Interest payable	100			-		100		-		100




			Fair Value Measurements at December 31, 2016 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	$16,938		$16,938		$      -		$      -		$16,938
   Fed funds sold	11,745		11,745						11,745
Securities
      Available-for-sale	40,776		-		40,776		-		40,776
      Held-to-maturity	3,299		-		3,273		-		3,273
   Restricted stock	1,373		-		1,373				1,373
   Loans, net	464,353		-		-		468,393		468,393
   Loans held for sale	3,833		-		3,833		-		3,833
   Interest receivable	1,378		-		1,378		-		1,378
   BOLI	12,673		-		12,673		-		12,673

Liabilities
   Deposits	$523,112		$      -		$524,222		$      -		$524,222
   Interest payable	88		-		88		-		88



X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

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-Publisher FASB
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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
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