Fair Value Measurements And Fair Values Of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Measurements And Fair Values Of Financial Instruments [Abstract]  
Schedule Of Financial Assets Measured At Fair Value On A Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

(Level 3)

 

 

 

 

 

Quoted Prices in

 

Significant Other

 

Significant Other

 

 

 

 

 

Active Markets for

 

Observable

 

Unobservable

(dollars in thousands)

 

Total

 

Identical Assets

 

Inputs

 

Inputs

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

Securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 U.S. agency

 

$

17,907 

 

$

 

$

17,907 

 

$

 U.S. agency mortgage-backed, residential

 

 

124,815 

 

 

 

 

124,815 

 

 

 State and municipal

 

 

70,452 

 

 

 

 

70,452 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

Securities available-for-sale:

 

 

 

 

 

 

 

 

 

 

 

 

 U.S. agency

 

$

33,499 

 

$

 

$

33,499 

 

$

 U.S. agency mortgage-backed, residential

 

 

105,919 

 

 

 

 

105,919 

 

 

 State and municipal

 

 

89,323 

 

 

 

 

89,323 

 

 

 

Schedule Of Financial Assets Measured At Fair Value On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements

 

 

 

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

 

Quoted Prices in

 

 

 

Significant Other

 

 

 

 

Active Markets for

 

Significant Other

 

Unobservable

(dollars in thousands)

 

Total

 

Identical Assets

 

Observable Inputs

 

Inputs

December 31, 2014

 

 

 

 

 

 

 

 

 Impaired loans

$

3,058 

$

$

$

3,058 

 Foreclosed real estate

 

1,198 

 

 

 

1,198 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

 

 

 

 Impaired loans

$

8,669 

$

$

$

8,669 

 Foreclosed real estate

 

3,098 

 

 

 

3,098 

 

Schedule Level 3 Assets Measured At Fair Value On A Nonrecurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

Quantitative Information about Level 3 Fair Value Measurements

 

 

Fair Value

 

Valuation

Unobservable

 

Weighted

(dollars in thousands)

 

Estimate

 

Techniques

Input

Range

Average

December 31, 2014

 

 

 

 

 

 

 

 

 

 Impaired loans

$

3,058 

 

Appraisal

(1)

Appraisal adjustments

(2)

13% - 25% 

16%

 Foreclosed real estate

 

1,198 

 

Appraisal

(1)

Appraisal adjustments

(2)

15% - 68%

64%

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 Impaired loans

$

8,669 

 

Appraisal

(1)

Appraisal adjustments

(2)

13% - 27% 

19%

 Foreclosed real estate

 

3,098 

 

Appraisal

(1)

Appraisal adjustments

(2)

8% - 67%

45%

 

 

 

 

 

 

 

 

 

 

 (1) Fair value is generally determined through independent appraisals, which generally include various level 3 inputs

       that are not identifiable.

 

 (2) Appraisals may be adjusted downward by the Corporation's management for qualitative factors such as economic

      conditions, and estimated liquidation expenses.  The range of liquidation expenses and other appraisal

 

      adjustments are presented as a percent of the appraisal.

 

 

Schedule Of Estimated Fair Values Of Corporation's Financial Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Estimates

 

 

 

 

 

 

 

 

(Level 1)

 

(Level 2)

 

 

(Level 3)

 

 

 

 

 

 

 

 

Quoted Prices

 

Significant

 

Significant

 

 

 

 

 

 

 

 

in Active

 

Other

 

Other

 

 

Carrying

 

Estimated

 

Markets for

 

Observable

 

Unobservable

(dollars in thousands)

 

Amount

 

Fair Value

 

Identical Assets

 

Inputs

 

Inputs

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

31,094 

 

$

31,094 

 

$

31,094 

 

$

 

$

Securities available-for-sale

 

 

213,174 

 

 

213,174 

 

 

 

 

213,174 

 

 

Restricted investment in bank stocks

 

 

3,799 

 

 

3,799 

 

 

 

 

3,799 

 

 

Loans held for sale

 

 

464 

 

 

475 

 

 

 

 

475 

 

 

Loans, net

 

 

908,928 

 

 

924,930 

 

 

 

 

 

 

924,930 

Interest receivable

 

 

3,702 

 

 

3,702 

 

 

 

 

3,702 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

954,973 

 

$

955,581 

 

$

 

$

955,581 

 

$

Short-term borrowings

 

 

42,184 

 

 

42,184 

 

 

 

 

42,184 

 

 

Long-term debt

 

 

90,406 

 

 

88,120 

 

 

 

 

80,367 

 

 

7,753 

Interest payable

 

 

477 

 

 

477 

 

 

 

 

477 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Off-balance sheet instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

15,062 

 

$

15,062 

 

$

15,062 

 

$

 

$

Securities available-for-sale

 

 

228,741 

 

 

228,741 

 

 

 

 

228,741 

 

 

Restricted investment in bank stocks

 

 

4,742 

 

 

4,742 

 

 

 

 

4,742 

 

 

Loans held for sale

 

 

514 

 

 

524 

 

 

 

 

524 

 

 

Loans, net

 

 

849,409 

 

 

868,413 

 

 

 

 

 

 

868,413 

Interest receivable

 

 

3,583 

 

 

3,583 

 

 

 

 

3,583 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

925,303 

 

$

927,396 

 

$

 

$

927,396 

 

$

Short-term borrowings

 

 

40,363 

 

 

40,363 

 

 

 

 

40,363 

 

 

Long-term debt

 

 

70,493 

 

 

68,604 

 

 

 

 

60,417 

 

 

8,187 

Interest payable

 

 

391 

 

 

391 

 

 

 

 

391 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Off-balance sheet instruments