Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Assets Carried at Fair Value on Recurring and Nonrecurring Basis

The following table presents the assets reported on the balance sheet at their fair value as of September 30, 2015 and December 31, 2014, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.


(dollars in thousands)	September 30, 2015
	Level I		Level II		Level III		Total
Assets measured on a recurring basis:
Securities available for sale:
U.S. Government corporations and agencies	$	—	$	48,766	$	—	$	48,766
Obligations of states and political subdivisions		—		33,877		—		33,877
Mortgage-backed securities		—		113,989		—		113,989
Equity securities		198		—		—		198

Total securities available for sale:	$	198	$	196,632	$	—	$	196,830

Assets measured on a nonrecurring basis:
Impaired loans	$	—	$	—	$	493	$	493

(dollars in thousands)	December 31, 2014
	Level I		Level II		Level III		Total
Assets measured on a recurring basis:
Securities available for sale:
U.S. Government corporations and agencies	$	—	$	44,006	$	—	$	44,006
Obligations of states and political subdivisions		—		42,422		—		42,422
Mortgage-backed securities		—		110,443		—		110,443
Equity securities		208		—		—		208

Total securities available for sale:	$	208	$	196,871	$	—	$	197,079

Assets measured on a nonrecurring basis:
Impaired loans	$	—	$	—	$	503	$	503

FIRST WEST VIRGINIA BANCORP INC 10-Q