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038 - Disclosure - Disclosures About Fair Value of Assets and Liabilities (Tables)
(http://www.edgewaterbank.com/role/DisclosureDisclosuresAboutFairValueOfAssetsAndLiabilitiesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Disclosures About Fair Value of Assets and LiabilitiesPeriod [Axis]
2015-01-01 - 2015-12-31
Disclosures About Fair Value of Assets and Liabilities
 
Schedule of fair value measurements of assets measured at fair value on a recurring basis
​ ​ ​
December 31, 2015 
Fair Value Measurements Using
​
Assets
​ ​
Fair Value
​ ​
Quoted Prices in 
Active Markets for 
Identical Assets 
(Level 1)
​ ​
Significant 
Other 
Observable 
Inputs 
(Level 2)
​ ​
Significant 
Unobservable 
Inputs 
(Level 3)
​
Available-for-sale securities: ​ ​ ​ ​ ​
U.S. Government and federal agency
​ ​ ​ $ 5,924,942 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 5,924,942 ​ ​ ​ ​ $ — ​ ​
State and political subdivisions
​ ​ ​ ​ 2,558,886 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,558,886 ​ ​ ​ ​ ​ — ​ ​
Mortgage-backed – GSE residential
​ ​ ​ ​ 2,570,256 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2,570,256 ​ ​ ​ ​ ​ — ​ ​
Collateralized mortgage obligations – GSE
​ ​ ​ ​ 659,654 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 659,654 ​ ​ ​ ​ ​ — ​ ​
Mortgage servicing rights
​ ​ ​ ​ 83,176 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 83,176 ​ ​
​ ​ ​
December 31, 2014 
Fair Value Measurements Using
​
Assets
​ ​
Fair 
Value
​ ​
Quoted Prices in 
Active Markets for 
Identical Assets 
(Level 1)
​ ​
Significant 
Other 
Observable 
Inputs 
(Level 2)
​ ​
Significant 
Unobservable 
Inputs 
(Level 3)
​
Available-for-sale securities: ​ ​ ​ ​ ​
U.S. Government and federal agency
​ ​ ​ $ 4,939,830 ​ ​ ​ ​ $  — ​ ​ ​ ​ $ 4,939,830 ​ ​ ​ ​ $ — ​ ​
State and political subdivisions
​ ​ ​ ​ 3,361,085 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,361,085 ​ ​ ​ ​ ​ — ​ ​
Mortgage-backed – GSE residential
​ ​ ​ ​ 3,384,002 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 3,384,002 ​ ​ ​ ​ ​ — ​ ​
Collateralized mortgage obligations – GSE
​ ​ ​ ​ 1,033,148 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,033,148 ​ ​ ​ ​ ​ — ​ ​
Mortgage servicing rights
​ ​ ​ ​ 114,193 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 114,193 ​ ​
 
 
Schedule of reconciliation of the beginning and ending balances of recurring fair value measurements recognized using significant unobservable (Level 3) inputs
​ ​ ​
2015
​ ​
2014
​
Balance, beginning of year
​ ​ ​ $ 114,193 ​ ​ ​ ​ $ 148,171 ​ ​
Total changes in fair value included in earnings
​ ​ ​ ​ (31,017) ​ ​ ​ ​ ​ (33,978) ​ ​
Balance, end of year
​ ​ ​ $ 83,176 ​ ​ ​ ​ $ 114,193 ​ ​
​
 
 
Schedule of fair value measurement of assets and liabilities measured at fair value on a nonrecurring basis
​ ​ ​
Fair Value Measurements Using
​
Assets
​ ​
Fair Value
​ ​
Quoted Prices in 
Active Markets for 
Identical Assets 
(Level 1)
​ ​
Significant 
Other 
Observable 
Inputs 
(Level 2)
​ ​
Significant 
Unobservable 
Inputs 
(Level 3)
​
December 31, 2015 ​ ​ ​ ​ ​
Other real estate owned
​ ​ ​ $ 202,100 ​ ​ ​ ​ $  — ​ ​ ​ ​ $  — ​ ​ ​ ​ $ 202,100 ​ ​
Collateral-dependent impaired loans, Net of ALLL
​ ​ ​ ​ 1,274,372 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,274,372 ​ ​
December 31, 2014 ​ ​ ​ ​ ​
Other real estate owned
​ ​ ​ $ 190,000 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 190,000 ​ ​
Collateral-dependent impaired loans Net of ALLL 
​ ​ ​ ​ 1,441,487 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,441,487 ​ ​
 
 
Schedule of quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements other than goodwill
​ ​ ​
Fair Value
​ ​
Valuation 
Technique
​ ​
Unobservable Inputs
​ ​
Weighted 
Average
​
At December 31, 2015: ​ ​ ​ ​ ​
Other real estate owned
​ ​ ​ $ 202,100 ​ ​ ​
Market 
comparable 
properties
​ ​
Comparability 
adjustment (%)
​ ​
Not available
​
Collateral-dependent impaired loans, net of 
ALLL
​ ​ ​ ​
​
   
1,274,372
​ ​ ​
   
Market 
comparable 
properties
​ ​
   
Marketability 
discount
​ ​
   
10% – 15% (11.4%)
​
Mortgage servicing rights
​ ​ ​ ​ 83,176 ​ ​ ​
Discounted 
cash flow
​ ​
Constant 
prepayment rate
​ ​
8.8% – 16% (11.9%)
​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Probability 
of default
​ ​
1% – 8% (2.9%)
​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Discount rate
​ ​
5.6% – 12.0% (10.4%)
​
At December 31, 2014: ​ ​ ​ ​ ​
Other real estate owned
​ ​ ​ $ 190,000 ​ ​ ​
Market 
comparable 
properties
​ ​
Comparability 
adjustment (%)
​ ​
Not available
​
Collateral-dependent impaired loans, net of 
ALLL
​ ​ ​ ​
​
   
1,441,487
​ ​ ​
   
Market 
comparable 
properties
​ ​
   
Marketability 
discount
​ ​
   
10% – 15% (12%)
​
Mortgage servicing rights
​ ​ ​ ​ 114,193 ​ ​ ​
Discounted 
cash flow
​ ​
Constant 
prepayment rate
​ ​
8.5% – 16% (11.2%)
​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Probability 
of default
​ ​
1% – 8% (2.1%)
​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Discount rate
​ ​
7.6% – 13.0% (10.4%)
​
 
 
Schedule of estimated fair values of the Company's financial instruments
​ ​ ​
Fair Value Measurements Using
​
​ ​ ​
Carrying 
Amount
​ ​
Quoted Prices in 
Active Markets for 
Identical Assets 
(Level 1)
​ ​
Significant 
Other 
Observable 
Inputs 
(Level 2)
​ ​
Significant 
Unobservable 
Inputs 
(Level 3)
​
At December 31, 2015: ​ ​ ​ ​ ​
Financial assets: ​ ​ ​ ​ ​
Cash and cash equivalents
​ ​ ​ $ 10,906,893 ​ ​ ​ ​ $ 10,906,893 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
FHLB Stock
​ ​ ​ ​ 686,200 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 686,200 ​ ​ ​ ​ ​ — ​ ​
Loans, net of allowance for loan 
losses
​ ​ ​ ​ 106,955,455 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 107,347,000 ​ ​
Accrued interest receivable
​ ​ ​ ​ 314,174 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 314,174 ​ ​ ​ ​ ​ — ​ ​
Mortgage servicing rights
​ ​ ​ ​ 325,539 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 612,290 ​ ​
Financial liabilities: ​ ​ ​ ​ ​
Deposits
​ ​ ​ ​ 113,330,856 ​ ​ ​ ​ ​ 13,940,853 ​ ​ ​ ​ ​ 99,414,003 ​ ​ ​ ​ ​ — ​ ​
Federal Home Loan Bank advances
​ ​ ​ ​ 8,000,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 8,063,000 ​ ​ ​
Accrued interest payable
​ ​ ​ ​ 6,137 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,137 ​ ​ ​ ​ ​ — ​ ​
​ ​ ​
Fair Value Measurements Using
​
​ ​ ​
Carrying 
Amount
​ ​
Quoted Prices in 
Active Markets for 
Identical Assets 
(Level 1)
​ ​
Significant 
Other 
Observable 
Inputs 
(Level 2)
​ ​
Significant 
Unobservable 
Inputs 
(Level 3)
​
At December 31, 2014: ​ ​ ​ ​ ​
Financial assets: ​ ​ ​ ​ ​
Cash and cash equivalents
​ ​ ​ $ 13,444,597 ​ ​ ​ ​ $ 13,444,597 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​
FHLB Stock
​ ​ ​ ​ 1,078,900 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,078,900 ​ ​ ​ ​ ​ — ​ ​
Loans held for sale
​ ​ ​ ​ 48,300 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 48,300 ​ ​ ​
Loans, net of allowance for loan losses
​ ​ ​ ​ 89,479,525 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 89,756,000 ​ ​
Accrued interest receivable
​ ​ ​ ​ 302,777 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 302,777 ​ ​ ​ ​ ​ — ​ ​
Mortgage servicing rights
​ ​ ​ ​ 317,912 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 526,647 ​ ​
Financial liabilities: ​ ​ ​ ​ ​
Deposits
​ ​ ​ ​ 98,493,112 ​ ​ ​ ​ ​ 11,730,674 ​ ​ ​ ​ ​ 86,842,438 ​ ​ ​ ​ ​ — ​ ​
Federal Home Loan Bank advances
​ ​ ​ ​ 10,000,000 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 10,098,000 ​ ​ ​ ​ ​ — ​ ​
Accrued interest payable
​ ​ ​ ​ 6,256 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,256 ​ ​ ​ ​ ​ — ​ ​