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FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Jun. 30, 2023
Fair Value measurements [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 June 30, 2023, as restated ASSETS: Securities Available for Sale: U.S. Government Treasury $ 20,250 $ - $ - $ 20,250 U.S. Government Agency - 164,240 - 164,240 States and Political Subdivisions - 40,879 - 40,879 Mortgage-Backed Securities - 66,132 - 66,132 Corporate Debt Securities - 87,364 - 87,364 Equity Securities - 460 - 460 Loans Held for Sale - 44,659 - 44,659 Interest Rate Swap Derivative - 5,979 - 5,979 Mortgage Banking Hedge Derivative - 100 - 100 Mortgage Banking IRLC Derivative - - 1,270 1,270 LIABILITIES: December 31, 2022, as restated ASSETS: Securities Available for Sale: U.S. Government Treasury $ 22,050 $ - $ - $ 22,050 U.S. Government Agency - 186,052 - 186,052 States and Political Subdivisions - 40,329 - 40,329 Mortgage-Backed Securities - 69,405 - 69,405 Corporate Debt Securities - 88,236 - 88,236 Loans Held for Sale - 26,909 - 26,909 Interest Rate Swap Derivative - 6,195 - 6,195 Mortgage Banking Hedge Derivative - 187 - 187 Mortgage Banking IRLC Derivative - - 819 819
Schedule of financial instruments with estimated fair values | (As Restated) June 30, 2023 Carrying Level 1 Level 2 Level 3 (Dollars in Thousands) Value Inputs Inputs Inputs ASSETS: Cash $ 83,679 $ 83,679 $ - $ - Short-Term Investments 285,129 285,129 - - Investment Securities, Held to Maturity 641,398 432,157 163,062 - Equity Securities (1) 1,243 - 1,243 - Other Equity Securities (2) 2,848 - 2,848 - Mortgage Servicing Rights 565 - - 1,013 Loans, Net of Allowance for Credit Losses 2,655,269 - - 2,476,509 LIABILITIES: Deposits $ 3,788,866 $ - $ 3,289,733 $ - Short-Term Borrowings 50,673 - 50,673 - Subordinated Notes Payable 52,887 - 45,563 - Long-Term Borrowings 414 - 412 - (As Restated) December 31, 2022 Carrying Level 1 Level 2 Level 3 (Dollars in Thousands) Value Inputs Inputs Inputs ASSETS: Cash $ 72,114 $ 72,114 $ - $ - Short-Term Investments 528,536 528,536 - - Investment Securities, Held to Maturity 660,774 431,733 180,968 - Equity Securities (1) 10 - 10 - Other Equity Securities (2) 2,848 - 2,848 - Mortgage Servicing Rights 2,599 - - 4,491 Loans, Net of Allowance for Credit Losses 2,522,617 - - 2,377,229 LIABILITIES: Deposits $ 3,939,317 $ - $ 3,310,383 $ - Short-Term Borrowings 56,793 - 56,793 - Subordinated Notes Payable 52,887 - 45,763 - Long-Term Borrowings 513 - 513 - Not readily marketable securities - reflected in other assets. (2) Accounted for under the equity method – not readily marketable securities – reflected in other assets.

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- 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 https://asc.fasb.org/extlink&oid=123594938&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- 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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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