XBRL Cloud: Business Report

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Component: (Network and Table)
Network	2317301 - Disclosure - Fair Values of Financial Instruments (Tables) (http://www.farmersnb.com/role/FairValuesOfFinancialInstrumentsTables)
Table	(Implied)

Slicers (applies to each fact value in each table cell)

Reporting Entity [Axis]

0000858800 (http://www.sec.gov/CIK)

Fair Value Disclosures [Abstract]

Period [Axis]

2016-01-01 - 2016-12-31

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy are as follows:



(Dollar amounts in thousands)			(Level 1)		(Level 2)		(Level 3)
Description	Total		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
December 31, 2016:
U.S. Treasury and federal agency	$	4,500	$	4,500	$	—	$	—
U.S. government sponsored entities and agencies	8,998		—		8,998		—
U.S. agency mortgage-backed securities: residential	25,626		—		25,626		—
U.S. agency collateralized mortgage obligations: residential	24,706		—		24,706		—
State and political subdivision	27,608		—		27,608		—
Corporate debt securities	7,932		—		7,932		—
Equity securities	2,190		2,054		—		136
	$	101,560	$	6,554	$	94,870	$	136

December 31, 2015:
U.S. Treasury and federal agency	$	1,466	$	1,466	$	—	$	—
U.S. government sponsored entities and agencies	8,953		—		8,953		—
U.S. agency mortgage-backed securities: residential	33,150		—		33,150		—
U.S. agency collateralized mortgage obligations: residential	31,440		—		31,440		—
State and political subdivision	28,591		—		28,591		—
Corporate debt securities	7,487		—		7,487		—
Equity securities	1,894		1,820		—		74
	$	112,981	$	3,286	$	109,621	$	74

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents changes in Level 3 assets measured on a recurring basis for the years ended December 31, 2016 and 2015:



(Dollar amounts in thousands)	2016		2015
Balance at the beginning of the period	$	74	$	898
Total gains or losses (realized/unrealized):
Included in earnings	—		(298		)
Included in other comprehensive income	2		61
Issuances	—		—
Sales	—		(587		)
Acquired	60		—
Transfers in and/or out of Level 3	—		—
Balance at the end of the period	$	136	$	74

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis

For assets measured at fair value on a non-recurring basis, the fair value measurements by level within the fair value hierarchy are as follows:



(Dollar amounts in thousands)			(Level 1)		(Level 2)		(Level 3)
Description	Total		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs

December 31, 2016:
Impaired residential mortgage loan	$	58	$	—	$	—	$	58
Impaired commercial real estate loan	463		—		—		463
Impaired commercial business loan	582		—		—		582
	$	1,103	$	—	$	—	$	1,103

December 31, 2015:
Impaired commercial business loans	$	596	$	—	$	—	$	596
Other real estate owned	13		—		—		13
	$	609	$	—	$	—	$	609

Fair Value Inputs, Assets, Quantitative Information

The following table presents quantitative information about Level 3 fair value measurements for assets measured at fair value on a non-recurring basis:



(Dollar amounts in thousands)			Valuation Technique(s)	Unobservable Input(s)	Range

December 31, 2016:

Impaired residential mortgage loan	$	58	Sales comparison approach	Adjustment for differences between comparable business assets	10%
Impaired commercial real estate loan	463		Sales comparison approach	Adjustment for differences between comparable sales	37%
Impaired commercial business loan	582		Liquidation value of business assets	Adjustment for differences between comparable business assets	64%

December 31, 2015:

Impaired commercial business loans	$	596	Liquidation value of business assets	Adjustment for differences between comparable business assets	65%
Other residential real estate owned	13		Sales comparison approach	Adjustment for differences between comparable sales	10%

Schedule of Carrying Amount and Fair Values of Financial Instruments

The following table sets forth the carrying amount and fair value of the Corporation’s financial instruments included in the consolidated balance sheet as of December 31:



(Dollar amounts in thousands)
			Fair Value Measurements Using:
Description	Carrying Amount		Total		Level 1		Level 2		Level 3
December 31, 2016:
Financial Assets:
Cash and cash equivalents	$	17,568	$	17,568	$	17,568	$	—	$	—
Securities available for sale	101,560		101,560		6,554		94,870		136
Loans held for sale	68		68		—		68		—
Loans, net	515,435		519,573		—		—		519,573
Federal bank stock	4,861		N/A		N/A		N/A		N/A
Accrued interest receivable	1,815		1,815		37		365		1,413
	641,307		640,584		24,159		95,303		521,122
Financial Liabilities:
Deposits	584,940		582,458		423,693		158,765		—
FHLB advances	44,000		44,027		—		44,027		—
Accrued interest payable	239		239		7		232		—
	629,179		626,724		423,700		203,024		—

December 31, 2015:
Financial Assets:
Cash and cash equivalents	$	11,546	$	11,546	$	11,546	$	—	$	—
Securities available for sale	112,981		112,981		3,286		109,621		74
Loans, net	429,891		436,009		—		—		436,009
Federal bank stock	4,240		N/A		N/A		N/A		N/A
Accrued interest receivable	1,501		1,501		64		299		1,138
	560,159		562,037		14,896		109,920		437,221
Financial Liabilities:
Deposits	489,887		491,781		376,409		115,372		—
FHLB advances	49,250		50,636		—		50,636		—
Accrued interest payable	179		179		5		174		—
	539,316		542,596		376,414		166,182		—

Schedule of Fair Value, Off-balance Sheet Risks

The following table presents the notional amount of the Corporation’s off-balance sheet commitment financial instruments as of December 31:



(Dollar amounts in thousands)	2016				2015
	Fixed Rate		Variable Rate		Fixed Rate		Variable Rate
Commitments to make loans	$	11,940	$	12,785	$	1,197	$	2,298
Unused lines of credit	5,207		62,594		6,502		48,674
	$	17,147	$	75,379	$	7,699	$	50,972