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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Measurements [Abstract]

Fair Value Assets Measured On Recurring Basis


			Carrying Value at September 30, 2018 (in thousands)
Description	Balance as of September 30, 2018		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
US Treasuries	$1,780		$        -		$1,780		$       -
US agency obligations	22,712		-		22,712		-
Mortgage-backed securities	12,225		-		12,225		-
Municipals	11,851		-		11,851		-
Corporates	3,765		-		3,765		-

Total available-for-sale securities	$52,333		$       -		$52,333		$       -
			Carrying Value at December 31, 2017 (in thousands)
Description	Balance as of December 31, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
US Treasuries	$1,858		$		$1,858		$
US agency obligations	23,850		-		23,850		-
Mortgage-backed securities	13,388		-		13,388		-
Municipals	12,274		-		12,274		-
Corporates	3,942		-		3,942		-

Total available-for-sale securities	$55,312		$       -		$55,312		$       -



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

		Carrying Value at September 30, 2018
Description	Balance as of September 30, 2018	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Impaired loans*	$1,857	$     -	$          -	$1,857
Loans held for sale	2,529	-	2,529	-
Other real estate owned	2,455	-	-	2,455

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


		Carrying Value at December 31, 2017
Description	Balance as of December 31, 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	2,626	-	2,626	-
Other real estate owned	2,650	-	-	2,650

*  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, 2018 (dollars in thousands)
	Fair Value		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)
Assets
Impaired loans	$1,857		Discounted appraised value	Selling cost	0% - 10% (8%)
				Discount for lack of marketability and age of appraisal	0% - 20% (6%)

OREO	2,455		Discounted appraised value	Selling cost	0% - 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, 2017 (dollars in thousands)
	Fair Value		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)
Assets
Impaired loans	$2,523		Discounted appraised value	Selling cost	0% - 10%  (8%)
				Discount for lack of marketability and age of appraisal	0% - 20%  (6%)

OREO	2,650		Discounted appraised value	Selling cost	0% - 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, 2018 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	$25,849			$25,849		$      -		$      -		$25,849
   Fed funds sold	24,615			24,615		-		-		24,615
Securities
      Available-for-sale	52,333			-		52,333		-		52,333
      Held-to-maturity	3,703			-		3,394		-		3,394
   Restricted stock	1,462					1,462		-		1,462
   Loans, net (1)	524,104			-		-		511,788		511,788
   Loans held for sale	2,529			-		2,529		-		2,529
   Interest receivable	1,876			-		1,876		-		1,876
   BOLI	13,274			-		13,274		-		13,274

Liabilities
   Deposits	$607,447			$      -		$608,115		$      -		$608,115
   Capital notes	5,000			-		4,690		-		4,690
   Interest payable	131			-		131		-		131






			Fair Value Measurements at December 31, 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	$20,267		$20,267		$      -		$      -		$20,267
   Fed funds sold	16,751		16,751						16,751
Securities
      Available-for-sale	55,312		-		55,312		-		55,312
      Held-to-maturity	5,713		-		5,619		-		5,619
   Restricted stock	1,505		-		1,505				1,505
   Loans, net (1)	491,022		-		-		492,397		492,397
   Loans held for sale	2,626		-		2,626		-		2,626
   Interest receivable	1,713		-		1,713		-		1,713
   BOLI	13,018		-		13,018		-		13,018

Liabilities
   Deposits	$567,493		$      -		$568,224		$      -		$568,224
Capital notes	5,000		-		5,310				5,310
   Interest payable	111		-		111		-		111

(1) Carrying amount is net of unearned income and the Allowance. In accordance with the prospective adoption of ASU No. 2016-01, the fair value of loans as of September 30, 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.

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- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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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).

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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).

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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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