Rendering

Component: (Network and Table)
Network
00000059 - Disclosure - FAIR VALUE DISCLOSURES (Tables)
(http://maconbank.com/role/FairValueDisclosuresTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Fair Value Disclosures TablesPeriod [Axis]
2016-01-01 - 2016-12-31
Fair Value Disclosures Tables
 
Summary of assets and liabilities measured at fair value on a recurring basis
    December 31, 2016  
    Level 1     Level 2     Level 3     Total  
    (Dollars in thousands)  
Trading account assets   $ 5,211     $     $     $ 5,211  
Securities available for sale:                                
          U.S. government agencies           12,107             12,107  
          Municipal securities           146,771             146,771  
          Mortgage-backed securities           217,937             217,937  
          U.S. Treasury securities     2,514                   2,514  
 Corporate bonds             16,214       2,144       18,358  
          Mutual funds     604                   604  
      8,329       393,029       2,144       403,502  
                                 
Loan servicing rights                 2,603       2,603  
Derivative assets           476             476  
Forward sales commitments                 19       19  
Interest rate lock commitments                 41       41  
                                 
          Total assets   $ 8,329     $ 393,505     $ 4,807     $ 406,641  
                                 
    December 31, 2015  
    Level 1     Level 2     Level 3     Total  
    (Dollars in thousands)  
Trading account assets   $ 4,714     $     $     $ 4,714  
Securities available for sale:                                
          U.S. government agencies           25,720             25,720  
          Municipal securities           39,858             39,858  
          Mortgage-backed securities           171,174             171,174  
          U.S. Treasury securities     1,510                   1,510  
          Mutual funds     600                   600  
      6,824       236,752             243,576  
                                 
Loan servicing rights                 2,344       2,344  
Forward sales commitments                 16       16  
Interest rate lock commitments                 30       30  
                                 
          Total assets   $ 6,824     $ 236,752     $ 2,390     $ 245,966  
 
 
Schedule of changes in assets measured at fair value on a recurring basis
    Year Ended December 31,  
    2016     2015     2014  
    (Dollars in thousands)  
Balance at beginning of year   $ 2,390     $ 2,248     $ 1,888  
                         
Corporate bonds                        
Transfers from HTM     2,144              
                         
Loan servicing right activity, included in servicing income, net                        
Capitalization from loans sold     604       544       385  
Fair value adjustment     (345 )     (387 )     (81 )
                         
Mortgage derivative gains (losses) included in other income     14       (15 )     56  
                         
Balance at end of year   $ 4,807     $ 2,390     $ 2,248  
 
 
Summary of assets and liabilities measured at a fair value on a nonrecurring basis
    December 31, 2016  
    Level 1     Level 2     Level 3     Total  
    (Dollars in thousands)  
Collateral dependent impaired loans:                                
One-to four family residential   $     $     $ 2,205     $ 2,205  
Commercial real estate                 6,329       6,329  
Home equity loans and lines of credit                 213       213  
Other construction and land                 809       809  
                                 
Real estate owned:                                
One-to four family residential                 1,336       1,336  
Commercial real estate                 722       722  
Other construction and land                 2,168       2,168  
                                 
Total assets   $     $     $ 13,782     $ 13,782  
                         
    December 31, 2015  
    Level 1     Level 2     Level 3     Total  
    (Dollars in thousands)  
Collateral dependent impaired loans:                                
One-to four family residential   $     $     $ 4,163     $ 4,163  
Commercial real estate                 7,226       7,226  
Home equity loans and lines of credit                 213       213  
Other construction and land                 658       658  
                                 
Real estate owned:                                
One-to four family residential                 1,384       1,384  
Commercial real estate                 1,123       1,123  
Other construction and land                 2,862       2,862  
                                 
Total assets   $     $     $ 17,629     $ 17,629  
 
 
Schedule of significant unobservable inputs used in the fair value measurements
    Valuation Technique   Unobservable Input   General Range
             
Impaired loans   Discounted Appraisals   Collateral discounts and estimated selling cost   0 – 30%
Real estate owned   Discounted Appraisals   Collateral discounts and estimated selling cost   0 – 30%
Corporate bonds   Discounted Cash Flows   Recent trade pricing   0-8%
Loan servicing rights   Discounted Cash Flows   Prepayment speed   5 – 35%
        Discount rate   12-14%
 
 
Schedule of carrying amount and estimated fair value of the Company's financial instruments
    Carrying     Fair Value Measurements at December 31, 2016  
(Dollars in thousands)   Amount     Total     Level 1     Level 2     Level 3  
Assets:                                        
Cash and equivalents   $ 43,294     $ 43,294     $ 43,294     $     $  
Trading securities     5,211       5,211       5,211              
Securities available for sale     398,291       398,291       3,118       393,029       2,144  
Loans held for sale     4,584       5,093             5,093        
Loans receivable, net     744,361       741,612                   741,612  
Other investments, at cost     15,261       15,261             15,261        
Interest receivable     5,012       5,012             5,012        
Bank owned life  insurance     31,347       31,347             31,347        
Loan servicing rights     2,603       2,603                   2,603  
Forward sales commitments     19       19                   19  
Interest rate lock commitments     41       41                   41  
Derivative asset     476       476             476        
SBIC investments     1,666       1,666                   1,666  
                                         
Liabilities:                                        
Demand deposits   $ 540,808       540,808     $     $ 540,808     $  
Time deposits     289,205       286,611                   286,611  
Federal Home Loan Bank advances     298,500       298,667             298,667        
Junior subordinated debentures     14,433       14,433             14,433        
Other borrowings     2,725       2,907             2,907        
Accrued interest payable     254       254             254        
 
    Carrying     Fair Value Measurements at December 31, 2015  
(Dollars in thousands)   Amount     Total     Level 1     Level 2     Level 3  
Assets:                                        
Cash and equivalents   $ 40,650     $ 40,650     $ 40,650     $     $  
Trading securities     4,714       4,714       4,714              
Securities available for sale     238,862       238,862       2,110       236,752        
Securities held to maturity     41,164       41,812       995       40,817        
Loans held for sale     8,348       8,952             8,952        
Loans receivable, net     624,072       620,516                   620,516  
Other investments, at cost     8,834       8,834             8,834        
Interest receivable     3,554       3,554             3,554        
Bank owned life  insurance     20,858       20,858             20,858        
Loan servicing rights     2,344       2,344                   2,344  
Forward sales commitments     16       16                   16  
Interest rate lock commitments     30       30                   30  
SBIC investments     1,025       1,025                       1,025  
                                         
Liabilities:                                        
Demand deposits   $ 440,475       440,475     $     $ 440,475     $  
Time deposits     276,142       275,403                   275,403  
Federal Home Loan Bank advances     153,500       153,441             153,441        
Junior subordinated debentures     14,433       14,433             14,433        
Other borrowings     2,198       2,198                   2,198  
Accrued interest payable     213       213             213