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% |
|
|
|