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Component: (Network and Table)
Network
2319301 - Disclosure - Fair Value Measurements (Tables)
(http://amnb.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 fair value assets and liabilities measured on recurring basis
The following table presents the balances of financial assets measured at fair value on a recurring basis during the period (dollars in thousands):
 
 
 
Fair Value Measurements at December 31, 2016 Using
 
Balance as of December 31,
 
Quoted Prices
in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable Inputs
Description
2016
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
 
 
Federal agencies and GSEs
$
104,054

 
$

 
$
104,054

 
$

Mortgage-backed and CMOs
79,493

 

 
79,493

 

State and municipal
147,515

 

 
147,515

 

Corporate
13,492

 

 
13,492

 

Equity securities
1,948

 

 
1,948

 

Total
$
346,502

 
$

 
$
346,502

 
$

 
 
 
Fair Value Measurements at December 31, 2015 Using
 
Balance as of December 31,
 
Quoted Prices
in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Description
2015
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
 
 
Federal agencies and GSEs
$
81,452

 
$

 
$
81,452

 
$

Mortgage-backed and CMOs
70,930

 

 
70,930

 

State and municipal
175,891

 

 
175,891

 

Corporate
10,590

 

 
10,590

 

Equity Securities
1,486

 

 

 
1,486

Total
$
340,349

 
$

 
$
338,863

 
$
1,486

 
 
Schedule of fair value measurements using significant unobservable inputs (Level 3)
 
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
 
Balances as of January 1, 2016
 
Total Realized / Unrealized Gains
(Losses) Included in
 
Purchases, Sales, Issuances and Settlements, Net
 
Transfer In (Out) of Level 3
 
Balances as of December 31, 2016
Net Income
 
Other Comprehensive Income
 
Securities available for sale:
 
 
 
 
 
 
 
 
 
 
 
Equity
$
1,486

 
$

 
$
93

 
$

 
$
(1,579
)
 
$

Total assets
$
1,486

 
$

 
$
93

 
$

 
$
(1,579
)
 
$

 
 
Schedule of assets that were measured at fair value on a nonrecurring basis
The following table summarizes the Company's assets that were measured at fair value on a nonrecurring basis during the period (dollars in thousands):
 
 
 
Fair Value Measurements at December 31, 2016 Using
 
Balance as of December 31,
 
Quoted Prices in
Active Markets
for Identical
Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Description
2016
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Loans held for sale
$
5,996

 
$

 
$
5,996

 
$

Impaired loans, net of valuation allowance
2,151

 

 

 
2,151

Other real estate owned, net
1,328

 

 

 
1,328

 
 
 
Fair Value Measurements at December 31, 2015 Using
 
Balance as of December 31,
 
Quoted Prices in
Active Markets
for Identical
Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
Description
2015
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Loans held for sale
$
3,266

 
$

 
$
3,266

 
$

Impaired loans, net of valuation allowance
2,948

 

 

 
2,948

Other real estate owned, net
2,184

 

 

 
2,184

 
 
Schedule of quantitative information of assets measured at Level 3
Quantitative Information About Level 3 Fair Value Measurements as of December 31, 2016:
Assets
 
Valuation Technique
 
Unobservable Input
 
Weighted
Rate
 
 
 
 
 
 
 
Impaired loans
 
Discounted appraised value
 
Selling cost
 
8
%
 
 
 
 
 
 
 
Other real estate owned
 
Discounted appraised value
 
Selling cost
 
6
%
Quantitative Information About Level 3 Fair Value Measurements as of December 31, 2015:
Assets
 
Valuation Technique
 
Unobservable Input
 
Weighted
Rate
 
 
 
 
 
 
 
Securities available for sale
 
Third party model based techniques
 
Stock price in different rate environments
 
49
%
 
 
 
 
 
 
 

Impaired loans
 
Discounted appraised value
 
Selling cost
 
6
%
 
 
Discounted cash flow analysis
 
Market rate for borrower (discount rate)
 
4
%
 
 
 
 
 
 
 
Other real estate owned
 
Discounted appraised value
 
Selling cost
 
6
%
 
 
Schedule of carrying values and estimated fair values of the entity's financial instruments
The carrying values and estimated fair values of the Company's financial instruments at December 31, 2016 are as follows (dollars in thousands):
 
Fair Value Measurements at December 31, 2016 Using
 
Carrying Value
 
Quoted Prices in Active Markets for Identical Assets
 
Significant Other Observable Inputs
 
Significant Unobservable Inputs
 
Fair Value
Balance
 
Level 1
 
Level 2
 
Level 3
 
Financial Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
53,207

 
$
53,207

 
$

 
$

 
$
53,207

Securities available for sale
346,502

 

 
346,502

 

 
346,502

Restricted stock
6,224

 

 
6,224

 

 
6,224

Loans held for sale
5,996

 

 
5,996

 

 
5,996

Loans, net of allowance
1,152,020

 

 

 
1,136,961

 
1,136,961

Bank owned life insurance
18,163

 

 
18,163

 

 
18,163

Accrued interest receivable
5,083

 

 
5,083

 

 
5,083

 
 
 
 
 
 
 
 
 
 
Financial Liabilities:
 

 
 

 
 

 
 

 
 

Deposits
$
1,370,640

 
$

 
$
991,785

 
$
374,774

 
$
1,366,559

Repurchase agreements
39,166

 

 
39,166

 

 
39,166

Other short-term borrowings
20,000

 

 
20,000

 

 
20,000

Long-term borrowings
9,980

 

 

 
10,156

 
10,156

Junior subordinated debt
27,724

 

 

 
24,932

 
24,932

Accrued interest payable
623

 

 
623

 

 
623

                                                      
The carrying values and estimated fair values of the Company's financial instruments at December 31, 2015 are as follows (dollars in thousands):
 
Fair Value Measurements at December 31, 2015 Using
 
Carrying Value
 
Quoted Prices in Active Markets for Identical Assets
 
Significant Other Observable Inputs
 
Significant Unobservable Inputs
 
Fair Value
Balance
 
Level 1
 
Level 2
 
Level 3
 
Financial Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
95,337

 
$
95,337

 
$

 
$

 
$
95,337

Securities available for sale
340,349

 

 
338,863

 
1,486

 
340,349

Restricted stock
5,312

 

 
5,312

 

 
5,312

Loans held for sale
3,266

 

 
3,266

 

 
3,266

Loans, net of allowance
992,924

 

 

 
994,808

 
994,808

Bank owned life insurance
17,658

 

 
17,658

 

 
17,658

Accrued interest receivable
4,116

 

 
4,116

 

 
4,116

 
 
 
 
 
 
 
 
 
 
Financial Liabilities:
 

 
 

 
 

 
 

 
 

Deposits
$
1,262,660

 
$

 
$
865,350

 
$
396,551

 
$
1,261,901

Repurchase agreements
40,611

 

 
40,611

 

 
40,611

Other borrowings
9,958

 

 

 
10,293

 
10,293

Junior subordinated debt
27,622

 

 

 
22,940

 
22,940

Accrued interest payable
655

 

 
655

 

 
655