XML 56 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
Disclosures about Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2014
Disclosures about Fair Value Measurements [Abstract]  
Assets and Liabilities Measured on Recurring Basis
  Fair Value Measurements at September 30, 2014 Using
  Total   (Level 1)   (Level 2)   (Level 3)
US Agency securities   $ 6,905     $ —     $ 6,905     $ —  
US Agency mortgage-backed securities     110,685       —       110,685       —  
Corporate bonds     13,383       —       13,383       —  

 

  Fair Value Measurements at December 31, 2013 Using
  Total   (Level 1)   (Level 2)   (Level 3)
US Agency securities   $ 6,835     $ —     $ 6,835     $ —  
US Agency mortgage-backed securities     123,382       —       123,382       —  
Corporate bonds     11,761       —       11,761       —  
Assets Measured at Fair Value on Non-Recurring Basis
 
  Fair Value Measurements at September 30, 2014 Using
  Total   (Level 1)   (Level 2)   (Level 3)
Impaired loans   $ 897     $ —     $ —     $ 897  
Other real estate owned     683       —       —       683  

 

  Fair Value Measurements at December 31, 2013 Using
  Total   (Level 1)   (Level 2)   (Level 3)
Impaired loans   $ 2,253     $ —     $ —     $ 2,253  
Other real estate owned     1,017       —       —       1,017  

 

September 30, 2014

   Quantitative Information About Level 3 Fair Value Measurements
  Fair Value Estimate   Valuation Techniques   Unobservable Input   Range (Wgtd Ave)
Impaired loans   $ 897       Appraisal of collateral(1)       Appraisal adjustments(2)
Liquidation expenses(2)		       0% to 35% (30%)
1% to 15% (10%)
 		  
Other real estate owned     683       Appraisal of collateral(1),(3)       Appraisal adjustments(2)
Liquidation expenses(2)		       0% to 48% (38%)
1% to 20% (10%)		  

December 31, 2013

   Quantitative Information About Level 3 Fair Value Measurements
  Fair Value Estimate   Valuation Techniques   Unobservable Input   Range(Wgtd Ave)
Impaired loans   $ 2,253       Appraisal of collateral(1)       Appraisal adjustments(2)
Liquidation expenses(2)		       0% to 37% (30%) 1% to 15% (10%)  
Other real estate owned     1,017       Appraisal of collateral(1),(3)       Appraisal adjustments(2)
Liquidation expenses(2)		       0% to 48% (38%) 1% to 20% (10%)  

 

  (1) Fair Value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable.
  (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.
  (3) Includes qualitative adjustments by management and estimated liquidation expenses.
Fair Value of Financial Instruments
 

September 30, 2014
  Carrying
Value		   Fair
Value		   (Level 1)   (Level 2)   (Level 3)
FINANCIAL ASSETS:
 		                                        
Cash and cash equivalents   $ 23,482     $ 23,482     $ 23,482     $ —     $ —  
Investment securities – AFS     130,973       130,973       —       130,973       —  
Investment securities – HTM     19,498       19,626       —       16,657       2,969  
Regulatory stock     7,152       7,152       7,152       —       —  
Loans held for sale     3,964       4,043       4,043       —       —  
Loans, net of allowance for loan loss and unearned income     804,341       803,931       —       —       803,931  
Accrued interest income receivable     3,280       3,280       3,280       —       —  
Bank owned life insurance     37,228       37,228       37,228       —       —  
FINANCIAL LIABILITIES:                                        
Deposits with no stated maturities   $ 576,943     $ 576,943     $ 576,943     $ —     $ —  
Deposits with stated maturities     295,227       289,078       —       —       289,078  
Short-term borrowings     26,438       26,438       26,438       —       —  
All other borrowings     50,085       53,479       —       —       53,479  
Accrued interest payable     1,611       1,611       1,611       —       —  
 

December 31, 2013
  Carrying
Value		   Fair
Value		   (Level 1)   (Level 2)   (Level 3)
FINANCIAL ASSETS:
 		                                        
Cash and cash equivalents   $ 30,066     $ 30,066     $ 30,066     $ —     $ —  
Investment securities – AFS     141,978       141,978       —       141,978       —  
Investment securities – HTM     18,187       17,788       —       14,822       2,966  
Regulatory stock     6,802       6,802       6,802       —       —  
Loans held for sale     3,402       3,453       3,453       —       —  
Loans, net of allowance for loan loss and unearned income     773,242       771,460       —       —       771,460  
Accrued interest income receivable     2,908       2,908       2,908       —       —  
Bank owned life insurance     36,669       36,669       36,669       —       —  
FINANCIAL LIABILITIES:                                        
Deposits with no stated maturities   $ 546,384     $ 546,384     $ 546,384     $ —     $ —  
Deposits with stated maturities     308,138       313,272       —       —       313,272  
Short-term borrowings     41,555       41,555       41,555       —       —  
All other borrowings     38,085       40,598       —       —       40,598  
Accrued interest payable     1,784       1,784       1,784       —       —