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041 - Disclosure - FAIR VALUE MEASUREMENTS (Tables)
(http://www.theprovidentbank.com/role/FairValueMeasurementsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Fair Value Disclosures [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Fair Value Disclosures [Abstract]
 
Schedule of financial instruments measured at fair value on a recurring basis
Fair Value Measurements at Reporting Date Using
(In thousands)
Total
Quoted Prices in 
Active Markets for 
Identical Assets 
Level 1
Significant 
Other Observable 
Inputs 
Level 2
Significant 
Unobservable 
Inputs 
Level 3
December 31, 2016
State and municipal
$ 50,580 $ $ 50,580 $
Corporate debt
1,031 1,031
Asset-backed securities
8,678 8,678
Mortgage-backed securities
41,914 41,914
Trust preferred securities
968 968
Marketable equity securities
14,696 14,696
Totals
$ 117,867 $ 14,696 $ 102,203 $ 968
December 31, 2015
U.S. Government and federal agency
$ 2,033 $ $ 2,033 $
State and municipal
3,682 3,682
Corporate debt
1,071 1,071
Asset-backed securities
9,624 9,624
Government mortgage-backed securities
52,812 52,812
Trust preferred securities
1,116 1,116
Marketable equity securities
10,646 10,646
Totals
$ 80,984 $ 10,646 $ 69,222 $ 1,116
 
 
Schedule of summary of activity for Level 3 financial instruments measured at fair value on a recurring basis
(In thousands)
Available for 
Sale Securities
Balance beginning January 1, 2015
$ 1,122
Total gains or (losses) (realized/unrealized)
Included in earnings
Included in other comprehensive income
128
Paydowns
(134)
Ending balance, December 31, 2015
$
1,116
Balance beginning January 1, 2016
$
1,116
Total gains or (losses) (realized/unrealized)
Included in earnings
Included in other comprehensive income
(148)
Paydowns
Ending balance, December 31, 2016
$ 968
 
 
Schedule of financial instruments measured at fair value on a nonrecurring basis
Fair Value Measurements at Reporting Date Using:
(In thousands)
Total
Quoted Prices in 
Active Markets for 
Identical Assets 
Level 1
Significant 
Other Observable 
Inputs 
Level 2
Significant 
Unobservable 
Inputs 
Level 3
December 31, 2016
Impaired loans
$ 815 $ $ $ 815
December 31, 2015
Impaired loans
$ 606 $ $ $ 606
 
 
Schedule of summary of the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis
(In thousands)
Fair Value
Valuation Technique
Unobservable Input
Range 
(Weighted 
Average)
December 31, 2016
Impaired loans
$ 815
Real estate appraisals​
Discount for dated appraisals​
6 – 10%
December 31, 2015
Impaired loans
$ 606
Real estate appraisals​
Discount for dated appraisals​
6 – 10%