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Disclosures about Fair Value Measurements and Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

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

The following table presents the assets and liability measured and recorded on the Consolidated Balance Sheets on a recurring basis at their fair value as of June 30, 2019 and December 31, 2018, by level within the fair value hierarchy (in thousands).

		Fair Value Measurements at June 30, 2019
		Total				(Level 1)				(Level 2)				(Level 3)
Equity securities		$	328			$	328			$	—			$	—
Available for sale securities:
US Agency			7,543				—				7,543				—
US Agency mortgage-backed securities			91,958				—				91,958				—
Municipal			14,471				—				14,471				—
Corporate bonds			37,116				—				37,116				—
Fair value swap asset			930				—				930				—
Fair value swap liability			(930	)			—				(930	)			—

		Fair Value Measurements at December 31, 2018
		Total				(Level 1)				(Level 2)				(Level 3)
Available for sale securities:
US Agency		$	7,529			$	—			$	7,529			$	—
US Agency mortgage-backed securities			89,527				—				89,527				—
Municipal			13,181				—				13,181				—
Corporate bonds			36,494				—				36,494				—
Fair value swap asset			257				—				257				—
Fair value swap liability			(257	)			—				(257	)			—

Fair Value Measurements, Nonrecurring [Table Text Block]

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

		Fair Value Measurements at June 30, 2019
		Total				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	672			$	—			$	—			$	672
Other real estate owned			57				—				—				57

		Fair Value Measurements at December 31, 2018
		Total				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	—			$	—			$	—			$	—
Other real estate owned			157				—				—				157

		Quantitative Information About Level 3 Fair Value Measurements
June 30, 2019		Fair Value Estimate				Valuation Techniques		Unobservable Input		Range (Wgtd Avg)
Impaired loans		$	672			Appraisal of collateral(1),(3)		Appraisal adjustments(2)		0% to 100% (12%)
Other real estate owned			57			Appraisal of collateral(1),(3)		Appraisal adjustments(2) Liquidation expenses		0% to 44% (35%) 12% to 114% (28%)

December 31, 2018		Quantitative Information About Level 3 Fair Value Measurements
		Fair Value Estimate				Valuation Techniques		Unobservable Input		Range (Wgtd Avg)
Impaired loans		$	—			Appraisal of collateral(1),(3)		Appraisal adjustments(2)		100% (100%)
Other real estate owned			157			Appraisal of collateral(1),(3)		Appraisal adjustments(2) Liquidation expenses		0% to 39% (8%) 21% to 195% (40%)

(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 estimated fair values based on US GAAP measurements and recorded carrying values at June 30, 2019 and December 31, 2018, for the remaining financial instruments not required to be measured or reported at fair value were as follows (in thousands):

		June 30, 2019
		Carrying Value				Fair Value				(Level 1)				(Level 2)				(Level 3)
FINANCIAL ASSETS:
Investment securities – HTM		$	39,752			$	40,775			$	—			$	37,817			$	2,958
Loans held for sale			1,324				1,362				1,362				—				—
Loans, net of allowance for loan loss and unearned income			880,655				879,993				—				—				879,993
FINANCIAL LIABILITIES:
Deposits with no stated maturities		$	674,243			$	651,367			$	—			$	—			$	651,367
Deposits with stated maturities			294,237				294,452				—				—				294,452
All other borrowings(1)			73,570				77,545				—				—				77,545

		December 31, 2018
		Carrying Value				Fair Value				(Level 1)				(Level 2)				(Level 3)
FINANCIAL ASSETS:
Investment securities – HTM		$	40,760			$	40,324			$	—			$	37,398			$	2,926
Loans held for sale			847				871				871				—				—
Loans, net of allowance for loan loss and unearned income			853,611				836,122				—				—				836,122
FINANCIAL LIABILITIES:
Deposits with no stated maturities		$	671,666			$	627,323			$	—			$	—			$	627,323
Deposits with stated maturities			277,505				277,010				—				—				277,010
All other borrowings(1)			67,148				69,692				—				—				69,692

(1) All other borrowings include advances from Federal Home Loan Bank, guaranteed junior subordinated deferrable interest debentures, and subordinated debt.

X

- Definition

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).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

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