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Component: (Network and Table)
Network
2317301 - Disclosure - Fair Value Measurements (Tables)
(http://ww.fcbankgroup.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 summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of December 31, 2016 and December 31, 2015, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):
December 31, 2016
Total
 Quoted Prices in Active Markets for Identical Assets (Level 1)
 Significant Other Observable Inputs (Level 2)
 Significant Unobservable Inputs (Level 3)
Financial Assets
 
 
 
 
Securities Available for Sale:
 
 
 
 
Residential collateralized mortgage obligations
$
61,417

$

$
61,417

$

Residential mortgage backed securities
33,241


33,241


State and political subdivisions
107,540


106,036

1,504

Derivative financial instruments
62


62


Financial Liabilities
 
 
 
 
Derivative financial instruments
62


62


 
 
 
 
 
December 31, 2015
 
 
 
 
Financial Assets
 
 
 
 
Securities Available for Sale:
 
 
 
 
Government sponsored enterprises
$
16,409

$

$
16,409

$

Residential collateralized mortgage obligations
62,364


62,364


Residential mortgage backed securities
28,291


28,291


State and political subdivisions
98,540


97,036

1,504

Derivative financial instruments
95


95


Financial Liabilities








Derivative financial instruments
95


95











 
 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following tables present additional information about assets and liabilities measured at fair value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value (in thousands):
 
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
 
State and political subdivisions
Beginning balance, December 31, 2015
$
1,504

Total gains or losses (realized/unrealized) included in other comprehensive income

Included in earnings

Purchases

Paydowns and maturities

Transfers in and/or out of Level 3

Ending balance, December 31, 2016
$
1,504

 
 
Beginning balance, December 31, 2014
$
1,514

Total gains or losses (realized/unrealized) included in other comprehensive income
(10
)
Included in earnings

Purchases

Paydowns and maturities

Transfers in and/or out of Level 3

Ending balance, December 31, 2015
$
1,504

 
 
Fair Value Measurements, Nonrecurring
Assets measured at fair value on a nonrecurring basis are set forth below:
December 31, 2016
Total
 Quoted Prices in Active Markets for Identical Assets (Level 1)
 Significant Other Observable Inputs (Level 2)
 Significant Unobservable Inputs (Level 3)
Financial Assets
 
 
 
 
Mortgage loans held for sale
$
1,230

$

$

$
1,230

Impaired loans
12,020



12,020

Loans held for sale
1,085



1,085

Foreclosed assets
725



725

 
 
 
 
 
December 31, 2015
 
 
 
 
Financial Assets
 
 
 
 
Mortgage loans held for sale
$
400

$

$

$
400

Impaired loans
9,348



9,348

Foreclosed assets
5,487



5,487


The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis for which the Company has utilized Level 3 inputs to determine fair value:
 
Quantitative Information about Level 3 Fair Value Measurements
 
Fair Value Estimate
Valuation Techniques
Unobservable Input
Discount Range
December 31, 2016
 
 
 
 
Mortgage loans held for sale
$
1,230

Secondary market pricing
Selling costs
Impaired loans
12,020

Appraisal of Collateral
Appraisal adjustments Selling costs
10% to 25%
Loans held for sale
1,085

Secondary market pricing
Selling costs
10% to 25%
Foreclosed assets
725

Appraisal of Collateral
Selling costs
10.00%
December 31, 2015
 
 
 
 
Mortgage loans held for sale
$
400

Secondary market pricing
Selling costs
Impaired loans
9,348

Appraisal of Collateral
Appraisal adjustments Selling costs
10% to 25%
Foreclosed assets
5,487

Appraisal of Collateral
Selling costs
10.00%

 
 
Fair Value, by Balance Sheet Grouping
The estimated fair values of the Company’s financial instruments are as follows as of December 31, 2016 (in thousands):
 
Carrying Amount
Estimated Fair Value
Quoted Prices in Active Markets for Identical Assets (Level 1)
Significant Other Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Financial assets:
 
 
 
 
 
Cash and due from banks
$
16,225

$
16,225

$
16,225

$

$

Interest-bearing deposits in banks
8,548

8,548

8,548



Securities available for sale
202,198

202,198


200,694

1,504

Nonmarketable equity securities
3,297

3,297



3,297

Mortgage loans held for sale
1,230

1,230



1,230

Loans held for sale
1,085

1,085



1,085

Loans, net
979,934

980,290



980,290

Accrued interest receivable
3,521

3,521

3,521



Derivative financial instruments
62

62


62


Financial liabilities:
 
 
 
 
 
Non-interest bearing deposits
247,856

247,856

247,856



Interest-bearing deposits
835,300

836,103

508,422


327,681

Other borrowed funds
51,153

51,110



51,110

Subordinated debt
15,300

16,182



16,182

Accrued interest payable
566

566

566



Derivative financial instruments
62

62


62



The estimated fair values of the Company’s financial instruments are as follows as of December 31, 2015 (in thousands):
 
Carrying Amount
Estimated Fair Value
Quoted Prices in Active Markets for Identical Assets (Level 1)
Significant Other Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Financial assets:
 
 
 
 
 
Cash and due from banks
$
10,699

$
10,699

$
10,699

$

$

Interest-bearing deposits in banks
7,406

7,406

7,406



Securities available for sale
205,604

205,604


204,100

1,504

Nonmarketable equity securities
1,367

1,367



1,367

Mortgage loans held for sale
400

400



400

Loans, net
760,578

760,159



760,159

Accrued interest receivable
3,106

3,106

3,106



Derivative financial instruments
319

319


319


Financial liabilities:
 
 
 
 
 
Non-interest bearing deposits
196,063

196,063

196,063



Interest-bearing deposits
669,928

668,835

372,404


296,431

Other borrowed funds
53,015

52,566

52,566



Subordinated debt
15,300

15,164



15,164

Accrued interest payable
545

545

545



Derivative financial instruments
319

319


319