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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Measurements [Abstract]  
Fair Value Assets Measured On Recurring Basis



 

 

 

 

 

 

 



 

 

Fair Value at December 31, 2018

Description

Balance as of

December 31,

2018

 

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

 

Significant

Other

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)

U.S. Treasuries

$1,845 

 

$            -

 

$1,845 

 

$            -

U.S. agency obligations

23,267 

 

         -

 

23,267 

 

        -

Mortgage-backed securities

11,876 

 

-

 

11,876 

 

-

Municipals

12,009 

 

-

 

12,009 

 

-

Corporates

3,730 

 

-

 

3,730 

 

-



 

 

 

 

 

 

 

Total available-for-sale securities

$52,727 

 

$           -

 

$52,727 

 

$           -





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

Fair 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)

U.S. Treasuries

$1,858 

 

$ -

 

$1,858 

 

$         -

U.S. 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





 

 

 

 

 

 

 



 

 

Fair Value at December 31, 2018

Description

Balance as of

December 31,

2018

 

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

 

Significant

Other

Observable

Inputs

(Level 2)

 

Significant

Unobservable

Inputs

(Level 3)



 

 

 

 

 

 

 

Impaired loans*

$1,587 

 

$           -

 

$           -

 

$1,587 



 

 

 

 

 

 

 

Other real estate

$2,430 

 

$           -

 

$          -

 

$2,430 



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





 

 

 

 

 

 

 



 

 

Fair 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 



 

 

 

 

 

 

 

Other real estate

$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

December 31, 2018

(dollars in thousands)



Fair Value

 

Valuation Technique(s)

Unobservable Input

Range (Weighted Average)

Impaired loans

$1,587 

 

Discounted appraised value

Selling cost

0% - 10% (8%)



 

 

 

Discount for lack of marketability and age of appraisal

0% - 20% (6%)

OREO

$2,430 

 

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)

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 December 31, 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

$26,725 

 

$26,725 

 

$      -  

 

$      -  

 

$26,725 

   Fed funds sold

23,600 

 

23,600 

 

-

 

-

 

23,600 

  Securities

 

 

 

 

 

 

 

 

 

      Available-for-sale

52,727 

 

-  

 

52,727 

 

-

 

52,727 

      Held-to-maturity

3,700 

 

-  

 

3,515 

 

-

 

3,515 

   Restricted stock

1,462 

 

-

 

1,462 

 

-

 

1,462 

   Loans, net

530,016 

 

-  

 

-

 

522,782 

 

522,782 

   Loans held for sale

1,670 

 

 -  

 

1,670 

 

-

 

1,670 

   Interest receivable

1,742 

 

-  

 

1,742 

 

-

 

1,742 

   BOLI

13,359 

 

 - 

 

13,359 

 

-

 

13,359 

Liabilities

 

 

 

 

 

 

 

 

 

   Deposits

$612,043 

 

$       -  

 

$612,532 

 

$      -  

 

$612,532 

   Capital notes

5,000 

 

-

 

4,710 

 

-

 

4,710 

   Interest payable

127 

 

 - 

 

127 

 

-

 

127 



 



 



Fair Value Measurements at December 31, 2017 using



Carrying

 

 

 

 

 

 

 

 

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

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