Summary of assets and liabilities measured at fair value on a recurring basis |
|
|
December 31, 2016 |
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
|
(Dollars in thousands) |
|
Trading account assets |
|
$ |
5,211 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
5,211 |
|
Securities available for sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government agencies |
|
|
— |
|
|
|
12,107 |
|
|
|
— |
|
|
|
12,107 |
|
Municipal securities |
|
|
— |
|
|
|
146,771 |
|
|
|
— |
|
|
|
146,771 |
|
Mortgage-backed securities |
|
|
— |
|
|
|
217,937 |
|
|
|
— |
|
|
|
217,937 |
|
U.S. Treasury securities |
|
|
2,514 |
|
|
|
— |
|
|
|
— |
|
|
|
2,514 |
|
Corporate bonds |
|
|
|
|
|
|
16,214 |
|
|
|
2,144 |
|
|
|
18,358 |
|
Mutual funds |
|
|
604 |
|
|
|
— |
|
|
|
— |
|
|
|
604 |
|
|
|
|
8,329 |
|
|
|
393,029 |
|
|
|
2,144 |
|
|
|
403,502 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan servicing rights |
|
|
— |
|
|
|
— |
|
|
|
2,603 |
|
|
|
2,603 |
|
Derivative assets |
|
|
— |
|
|
|
476 |
|
|
|
— |
|
|
|
476 |
|
Forward sales commitments |
|
|
— |
|
|
|
— |
|
|
|
19 |
|
|
|
19 |
|
Interest rate lock commitments |
|
|
— |
|
|
|
— |
|
|
|
41 |
|
|
|
41 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
8,329 |
|
|
$ |
393,505 |
|
|
$ |
4,807 |
|
|
$ |
406,641 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
|
(Dollars in thousands) |
|
Trading account assets |
|
$ |
4,714 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4,714 |
|
Securities available for sale: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government agencies |
|
|
— |
|
|
|
25,720 |
|
|
|
— |
|
|
|
25,720 |
|
Municipal securities |
|
|
— |
|
|
|
39,858 |
|
|
|
— |
|
|
|
39,858 |
|
Mortgage-backed securities |
|
|
— |
|
|
|
171,174 |
|
|
|
— |
|
|
|
171,174 |
|
U.S. Treasury securities |
|
|
1,510 |
|
|
|
— |
|
|
|
— |
|
|
|
1,510 |
|
Mutual funds |
|
|
600 |
|
|
|
— |
|
|
|
— |
|
|
|
600 |
|
|
|
|
6,824 |
|
|
|
236,752 |
|
|
|
— |
|
|
|
243,576 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan servicing rights |
|
|
— |
|
|
|
— |
|
|
|
2,344 |
|
|
|
2,344 |
|
Forward sales commitments |
|
|
— |
|
|
|
— |
|
|
|
16 |
|
|
|
16 |
|
Interest rate lock commitments |
|
|
— |
|
|
|
— |
|
|
|
30 |
|
|
|
30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
6,824 |
|
|
$ |
236,752 |
|
|
$ |
2,390 |
|
|
$ |
245,966 |
|
|
Summary of assets and liabilities measured at a fair value on a nonrecurring basis |
|
|
December 31, 2016 |
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
|
(Dollars in thousands) |
|
Collateral dependent impaired loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to four family residential |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2,205 |
|
|
$ |
2,205 |
|
Commercial real estate |
|
|
— |
|
|
|
— |
|
|
|
6,329 |
|
|
|
6,329 |
|
Home equity loans and lines of credit |
|
|
— |
|
|
|
— |
|
|
|
213 |
|
|
|
213 |
|
Other construction and land |
|
|
— |
|
|
|
— |
|
|
|
809 |
|
|
|
809 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate owned: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to four family residential |
|
|
— |
|
|
|
— |
|
|
|
1,336 |
|
|
|
1,336 |
|
Commercial real estate |
|
|
— |
|
|
|
— |
|
|
|
722 |
|
|
|
722 |
|
Other construction and land |
|
|
— |
|
|
|
— |
|
|
|
2,168 |
|
|
|
2,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
13,782 |
|
|
$ |
13,782 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
|
(Dollars in thousands) |
|
Collateral dependent impaired loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to four family residential |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4,163 |
|
|
$ |
4,163 |
|
Commercial real estate |
|
|
— |
|
|
|
— |
|
|
|
7,226 |
|
|
|
7,226 |
|
Home equity loans and lines of credit |
|
|
— |
|
|
|
— |
|
|
|
213 |
|
|
|
213 |
|
Other construction and land |
|
|
— |
|
|
|
— |
|
|
|
658 |
|
|
|
658 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real estate owned: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to four family residential |
|
|
— |
|
|
|
— |
|
|
|
1,384 |
|
|
|
1,384 |
|
Commercial real estate |
|
|
— |
|
|
|
— |
|
|
|
1,123 |
|
|
|
1,123 |
|
Other construction and land |
|
|
— |
|
|
|
— |
|
|
|
2,862 |
|
|
|
2,862 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
17,629 |
|
|
$ |
17,629 |
|
|
Schedule of carrying amount and estimated fair value of the Company's financial instruments |
|
|
Carrying |
|
|
Fair Value Measurements at December 31, 2016 |
|
(Dollars in thousands) |
|
Amount |
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and equivalents |
|
$ |
43,294 |
|
|
$ |
43,294 |
|
|
$ |
43,294 |
|
|
$ |
— |
|
|
$ |
— |
|
Trading securities |
|
|
5,211 |
|
|
|
5,211 |
|
|
|
5,211 |
|
|
|
— |
|
|
|
— |
|
Securities available for sale |
|
|
398,291 |
|
|
|
398,291 |
|
|
|
3,118 |
|
|
|
393,029 |
|
|
|
2,144 |
|
Loans held for sale |
|
|
4,584 |
|
|
|
5,093 |
|
|
|
— |
|
|
|
5,093 |
|
|
|
— |
|
Loans receivable, net |
|
|
744,361 |
|
|
|
741,612 |
|
|
|
— |
|
|
|
— |
|
|
|
741,612 |
|
Other investments, at cost |
|
|
15,261 |
|
|
|
15,261 |
|
|
|
— |
|
|
|
15,261 |
|
|
|
— |
|
Interest receivable |
|
|
5,012 |
|
|
|
5,012 |
|
|
|
— |
|
|
|
5,012 |
|
|
|
— |
|
Bank owned life insurance |
|
|
31,347 |
|
|
|
31,347 |
|
|
|
— |
|
|
|
31,347 |
|
|
|
— |
|
Loan servicing rights |
|
|
2,603 |
|
|
|
2,603 |
|
|
|
— |
|
|
|
— |
|
|
|
2,603 |
|
Forward sales commitments |
|
|
19 |
|
|
|
19 |
|
|
|
— |
|
|
|
— |
|
|
|
19 |
|
Interest rate lock commitments |
|
|
41 |
|
|
|
41 |
|
|
|
— |
|
|
|
— |
|
|
|
41 |
|
Derivative asset |
|
|
476 |
|
|
|
476 |
|
|
|
— |
|
|
|
476 |
|
|
|
— |
|
SBIC investments |
|
|
1,666 |
|
|
|
1,666 |
|
|
|
— |
|
|
|
— |
|
|
|
1,666 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Demand deposits |
|
$ |
540,808 |
|
|
|
540,808 |
|
|
$ |
— |
|
|
$ |
540,808 |
|
|
$ |
— |
|
Time deposits |
|
|
289,205 |
|
|
|
286,611 |
|
|
|
— |
|
|
|
— |
|
|
|
286,611 |
|
Federal Home Loan Bank advances |
|
|
298,500 |
|
|
|
298,667 |
|
|
|
— |
|
|
|
298,667 |
|
|
|
— |
|
Junior subordinated debentures |
|
|
14,433 |
|
|
|
14,433 |
|
|
|
— |
|
|
|
14,433 |
|
|
|
— |
|
Other borrowings |
|
|
2,725 |
|
|
|
2,907 |
|
|
|
— |
|
|
|
2,907 |
|
|
|
— |
|
Accrued interest payable |
|
|
254 |
|
|
|
254 |
|
|
|
— |
|
|
|
254 |
|
|
|
— |
|
|
|
|
Carrying |
|
|
Fair Value Measurements at December 31, 2015 |
|
(Dollars in thousands) |
|
Amount |
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and equivalents |
|
$ |
40,650 |
|
|
$ |
40,650 |
|
|
$ |
40,650 |
|
|
$ |
— |
|
|
$ |
— |
|
Trading securities |
|
|
4,714 |
|
|
|
4,714 |
|
|
|
4,714 |
|
|
|
— |
|
|
|
— |
|
Securities available for sale |
|
|
238,862 |
|
|
|
238,862 |
|
|
|
2,110 |
|
|
|
236,752 |
|
|
|
— |
|
Securities held to maturity |
|
|
41,164 |
|
|
|
41,812 |
|
|
|
995 |
|
|
|
40,817 |
|
|
|
— |
|
Loans held for sale |
|
|
8,348 |
|
|
|
8,952 |
|
|
|
— |
|
|
|
8,952 |
|
|
|
— |
|
Loans receivable, net |
|
|
624,072 |
|
|
|
620,516 |
|
|
|
— |
|
|
|
— |
|
|
|
620,516 |
|
Other investments, at cost |
|
|
8,834 |
|
|
|
8,834 |
|
|
|
— |
|
|
|
8,834 |
|
|
|
— |
|
Interest receivable |
|
|
3,554 |
|
|
|
3,554 |
|
|
|
— |
|
|
|
3,554 |
|
|
|
— |
|
Bank owned life insurance |
|
|
20,858 |
|
|
|
20,858 |
|
|
|
— |
|
|
|
20,858 |
|
|
|
— |
|
Loan servicing rights |
|
|
2,344 |
|
|
|
2,344 |
|
|
|
— |
|
|
|
— |
|
|
|
2,344 |
|
Forward sales commitments |
|
|
16 |
|
|
|
16 |
|
|
|
— |
|
|
|
— |
|
|
|
16 |
|
Interest rate lock commitments |
|
|
30 |
|
|
|
30 |
|
|
|
— |
|
|
|
— |
|
|
|
30 |
|
SBIC investments |
|
|
1,025 |
|
|
|
1,025 |
|
|
|
|
|
|
|
|
|
|
|
1,025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Demand deposits |
|
$ |
440,475 |
|
|
|
440,475 |
|
|
$ |
— |
|
|
$ |
440,475 |
|
|
$ |
— |
|
Time deposits |
|
|
276,142 |
|
|
|
275,403 |
|
|
|
— |
|
|
|
— |
|
|
|
275,403 |
|
Federal Home Loan Bank advances |
|
|
153,500 |
|
|
|
153,441 |
|
|
|
— |
|
|
|
153,441 |
|
|
|
— |
|
Junior subordinated debentures |
|
|
14,433 |
|
|
|
14,433 |
|
|
|
— |
|
|
|
14,433 |
|
|
|
— |
|
Other borrowings |
|
|
2,198 |
|
|
|
2,198 |
|
|
|
— |
|
|
|
— |
|
|
|
2,198 |
|
Accrued interest payable |
|
|
213 |
|
|
|
213 |
|
|
|
— |
|
|
|
213 |
|
|
|
— |
|
|