Disclosures about Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Disclosures about Fair Value Measurements [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets and liability measured at fair value on a recurring basis are summarized below (in thousands):


	Fair Value Measurements at March 31, 2016 Using
	Total		(Level 1)		(Level 2)		(Level 3)
US Agency securities	$	1,901	$	—	$	1,901	$	—
US Agency mortgage-backed securities		94,508		—		94,508		—
Corporate bonds		19,333		—		19,333		—


	Fair Value Measurements at December 31, 2015 Using
	Total		(Level 1)		(Level 2)		(Level 3)
US Agency securities	$	2,881	$	—	$	2,881	$	—
US Agency mortgage-backed securities		98,334		—		98,334		—
Corporate bonds		18,252		—		18,252		—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

Assets measured at fair value on a non-recurring basis are summarized below (in thousands, except range data):


	Fair Value Measurements at March 31, 2016 Using
	Total		(Level 1)		(Level 2)		(Level 3)
Impaired loans	$	782	$	—	$	—	$	782
Other real estate owned		673		—		—		673


	Fair Value Measurements at December 31, 2015 Using
	Total		(Level 1)		(Level 2)		(Level 3)
Impaired loans	$	3,115	$	—	$	—	$	3,115
Other real estate owned		75		—		—		75


March 31, 2016	Quantitative Information About Level 3 Fair Value Measurements
March 31, 2016	Fair Value Estimate	Valuation Techniques	Unobservable Input	Range (Wgtd Ave)
Impaired loans	$782	Appraisal of collateral^(1),(3)	Appraisal adjustments⁽²⁾	15% to 20% (18%)
Other real estate owned	673	Appraisal of collateral^(1),(3)	Appraisal adjustments⁽²⁾ Liquidation expenses	29% to 81% (47%) 9% to 55% (16%)


December 31, 2015	Quantitative Information About Level 3 Fair Value Measurements
December 31, 2015	Fair Value Estimate	Valuation Techniques	Unobservable Input	Range (Wgtd Ave)
Impaired loans	$3,115	Appraisal of collateral^(1),(3)	Appraisal adjustments⁽²⁾	15% to 20% (17%)
Other real estate owned	75	Appraisal of collateral^(1),(3)	Appraisal adjustments⁽²⁾ Liquidation expenses	23% to 49% (35%) 10% to 59% (25%)

(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.

(3)

Includes qualitative adjustments by management and estimated liquidation expenses.

Fair Value, by Balance Sheet Grouping [Table Text Block]

The estimation methodologies used, the estimated fair values based on US GAAP measurements, and recorded book balances at March 31, 2016 and December 31, 2015, were as follows (in thousands):


	March 31, 2016
	Carrying Value		Fair Value		(Level 1)		(Level 2)		(Level 3)
FINANCIAL ASSETS:
Cash and cash equivalents	$	23,623	$	23,623	$	23,623	$	—	$	—
Investment securities – AFS		115,742		115,742		—		115,742		—
Investment securities – HTM		23,258		23,800		—		20,846		2,954
Regulatory stock		6,772		6,772		6,772		—		—
Loans held for sale		2,438		2,489		2,489		—		—
Loans, net of allowance for loan loss and unearned income		870,452		873,976		—		—		873,976
Accrued interest income receivable		3,295		3,295		3,295		—		—
Bank owned life insurance		37,396		37,396		37,396		—		—
FINANCIAL LIABILITIES:
Deposits with no stated maturities	$	633,714	$	633,714	$	633,714	$	—	$	—
Deposits with stated maturities		273,059		275,261		—		—		275,261
Short-term borrowings		39,952		39,952		39,952		—		—
All other borrowings		69,320		74,278		—		—		74,278
Accrued interest payable		1,484		1,484		1,484		—		—


	December 31, 2015
	Carrying Value		Fair Value		(Level 1)		(Level 2)		(Level 3)
FINANCIAL ASSETS:
Cash and cash equivalents	$	48,510	$	48,510	$	48,510	$	—	$	—
Investment securities – AFS		119,467		119,467		—		119,467		—
Investment securities – HTM		21,419		21,533		—		18,608		2,925
Regulatory stock		6,753		6,753		6,753		—		—
Loans held for sale		3,003		3,041		3,041		—		—
Loans, net of allowance for loan loss and unearned income		871,063		869,591		—		—		869,591
Accrued interest income receivable		3,057		3,057		3,057		—		—
Bank owned life insurance		37,228		37,228		37,228		—		—
FINANCIAL LIABILITIES:
Deposits with no stated maturities	$	633,751	$	633,751	$	633,751	$	—	$	—
Deposits with stated maturities		269,543		271,909		—		—		271,909
Short-term borrowings		48,748		48,748		48,748		—		—
All other borrowings		68,310		71,816		—		—		71,816
Accrued interest payable		1,651		1,651		1,651		—		—