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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of financial assets and financial liabilities measured at fair value on a recurring basis

		Level 1			Level 2			Level 3			Total Fair
(Dollars in Thousands)		Inputs			Inputs			Inputs			Value
March 31, 2020
ASSETS:
Securities Available for Sale:
	U.S. Government Treasury	$	201,514		$	-		$	-		$	201,514
	U.S. Government Agency		-			165,894			-			165,894
	States and Political Subdivisions		-			6,672			-			6,672
	Mortgage-Backed Securities		-			656			-			656
	Equity Securities		-			7,778			-			7,778
	Loans Held for Sale		-			82,598			-			82,598
	Mortgage Banking Derivative Asset		-			-			3,898			3,898
LIABILITIES:
	Mortgage Banking Derivative Liability		-			2,628			-			2,628
December 31, 2019
ASSETS:
Securities Available for Sale:
	U.S. Government Treasury	$	232,778		$	-		$	-		$	232,778
	U.S. Government Agency		-			156,078			-			156,078
	States and Political Subdivisions		-			6,319			-			6,319
	Mortgage-Backed Securities		-			773			-			773
	Equity Securities		-			7,653			-			7,653

Schedule of financial instruments with estimated fair values

		March 31, 2020
		Carrying			Level 1			Level 2			Level 3
(Dollars in Thousands)		Value			Inputs			Inputs			Inputs
ASSETS:
Cash		$	72,676		$	72,676		$	-		$	-
Short-Term Investments			196,936			196,936			-			-
Investment Securities, Available for Sale			382,514			201,514			181,000			-
Investment Securities, Held to Maturity			251,792			20,211			237,718			-
Equity Securities(1)			3,588			-			3,588			-
Loans Held for Sale			82,598			-			82,598			-
Loans, Net of Allowance for Credit Losses			1,841,304			-			-			1,842,002
Mortgage Banking Derivative Asset			3,898			-			-			3,898
Mortgage Servicing Rights			910			-			-			1,086
LIABILITIES:
Deposits		$	2,545,585		$	-		$	2,577,836		$	-
Short-Term Borrowings			76,516			-			76,516			-
Subordinated Notes Payable			52,887			-			45,268			-
Long-Term Borrowings			5,896			-			6,077			-
Mortgage Banking Derivative Liability			2,628			-			2,628			-

		December 31, 2019
		Carrying			Level 1			Level 2			Level 3
(Dollars in Thousands)		Value			Inputs			Inputs			Inputs
ASSETS:
Cash		$	60,087		$	60,087		$	-		$	-
Short-Term Investments			318,336			318,336			-			-
Investment Securities, Available for Sale			403,601			232,778			170,823			-
Investment Securities, Held to Maturity			239,539			20,042			221,387			-
Loans Held for Sale			9,509			-			9,509			-
Equity Securities(1)			3,591			-			3,591			-
Loans, Net of Allowance for Credit Losses			1,822,024			-			-			1,804,930
LIABILITIES:
Deposits		$	2,645,454		$	-		$	2,644,430		$	-
Short-Term Borrowings			6,404			-			6,404			-
Subordinated Notes Payable			52,887			-			40,280			-
Long-Term Borrowings			6,514			-			6,623			-

⁽¹⁾ Not readily marketable securities - reflected in other assets.

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- References

No definition available.

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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