XML 30 R20.htm IDEA: XBRL DOCUMENT

FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2018

FAIR VALUE.

Schedule of changes in asset subject to fair value measurement by Level


											Fair
(dollars in thousands)		Level 1			Level 2			Level 3			Value
June 30, 2018
Recurring:
Securities available for sale
Collateralized mortgage obligations		$	—		$	22,018		$	—		$	22,018
Agency mortgage-backed securities			—			27,003			—			27,003
Municipal securities			—			34,872			—			34,872
U.S. Government agency securities			—			1,935			—			1,935
U.S. Treasury securities			—			1,486			—			1,486
Interest rate swap			—			431			—			431

Non-recurring:
Maryland Financial Bank stock			—			—			30			30
Impaired loans			—			—			5,260			5,260
OREO			—			114			—			114
		$	—		$	87,859		$	5,290		$	93,149
December 31, 2017
Recurring:
Securities available for sale
Collateralized mortgage obligations		$	—		$	23,514		$	—		$	23,514
Agency mortgage-backed securities			—			25,229			—			25,229
Municipal securities			—			35,633			—			35,633
U.S. Government agency securities			—			3,480			—			3,480
U.S. Treasury securities			—			1,493			—			1,493
Non-recurring:
Maryland Financial Bank stock			—			—			30			30
Impaired loans			—			—			3,532			3,532
OREO			—			114			—			114
		$	—		$	89,463		$	3,562		$	93,025

Schedule of estimated fair values of financial instruments


		June 30, 2018						December 31, 2017
(dollars in thousands)		Carrying			Fair			Carrying			Fair
		Amount			Value			Amount			Value
Financial assets:
Cash and due from banks		$	2,584		$	2,584		$	2,610		$	2,610
Interest-bearing deposits in other financial institutions			5,498			5,498			9,846			9,846
Federal funds sold			197			197			149			149
Investment securities available for sale			87,314			87,314			89,349			89,349
Investments in restricted stock			1,443			1,443			1,232			1,232
Ground rents			150			150			153			153
Loans, less allowance for credit losses			287,124			285,394			269,023			275,819
Accrued interest receivable			1,142			1,142			1,133			1,133
Cash value of life insurance			7,780			7,780			8,713			8,713

Financial liabilities:
Deposits			341,807			319,687			334,238			324,512
Long-term borrowings			—			—			—			—
Short-term borrowings			25,000			25,110			20,000			20,739
Accrued interest payable			136			136			101			101
Unrecognized financial instruments:
Commitments to extend credit			33,796			33,796			19,109			19,109
Standby letters of credit			1,025			1,025			71			71

Schedule of fair value hierarchy of financial instruments


(dollars in thousands)
		Carrying			Fair
June 30, 2018		Amount			Value			Level 1			Level 2		Level 3

Financial instruments - Assets
Cash and cash equivalents		$	8,279		$	8,279		$	8,279		—		$	—
Loans receivable, net			287,124			285,394			—		—			285,394
Cash value of life insurance			7,780			7,780			—		7,780			—
Financial instruments - Liabilities
Deposits			341,807			319,687			—		319,687			—
Short-term debt			25,000			25,110			—		25,110			—