Disclosures about Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2016 Using
	Total		(Level 1)		(Level 2)		(Level 3)
US Agency securities	$	900	$	—	$	900	$	—
US Agency mortgage-backed securities		86,185		—		86,185		—
Taxable municipal		826		—		826		—
Corporate bonds		29,878		—		29,878		—

	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 September 30, 2016 Using
	Total		(Level 1)		(Level 2)		(Level 3)
Impaired loans	$	340	$	—	$	—	$	340
Other real estate owned		154		—		—		154

	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

September 30, 2016	Quantitative Information About Level 3 Fair Value Measurements
September 30, 2016	Fair Value Estimate	Valuation Techniques	Unobservable Input	Range (Wgtd Ave)
Impaired loans	$340	Appraisal of collateral⁽¹⁾^,⁽³⁾	Appraisal adjustments⁽²⁾	15% to 20% (18%)
Other real estate owned	154	Appraisal of collateral⁽¹⁾^,⁽³⁾	Appraisal adjustments⁽²⁾ Liquidation expenses	29% to 81% (56%) 2% to 55% (19%)

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 September 30, 2016 and December 31, 2015, were as follows (in thousands):


	September 30, 2016
	Carrying Value		Fair Value		(Level 1)		(Level 2)		(Level 3)
FINANCIAL ASSETS:
Cash and cash equivalents	$	30,520	$	30,520	$	30,520	$	—	$	—
Investment securities – AFS		117,789		117,789		—		117,789		—
Investment securities – HTM		27,820		28,577		—		25,613		2,964
Regulatory stock		5,480		5,480		5,480		—		—
Loans held for sale		8,777		8,916		8,916		—		—
Loans, net of allowance for loan loss and unearned income		877,798		884,012		—		—		884,012
Accrued interest income receivable		3,007		3,007		3,007		—		—
Bank owned life insurance		37,733		37,733		37,733		—		—
FINANCIAL LIABILITIES:
Deposits with no stated maturities	$	659,329	$	659,329	$	659,329	$	—	$	—
Deposits with stated maturities		303,407		305,433		—		—		305,433
Short-term borrowings		7,901		7,901		7,901		—		—
All other borrowings		69,381		74,840		—		—		74,840
Accrued interest payable		1,633		1,633		1,633		—		—


	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		—		—