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FAIR VALUE (Tables) | 6 Months Ended
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Jun. 30, 2017
Fair Value Disclosures [Abstract] |
Summary of Assets Measured at Estimated Fair Value on Recurring Basis | The following table summarizes assets at June 30, 2017 and December 31, 2016, measured at fair value on a recurring basis.
(Dollars in Thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total Fair Value Measurements
June 30, 2017 |  |  |  |  |  |  |
AFS Securities: |  |  |  |  |  |  |
U.S. Government Agencies | $ | 0 |  |  | $ | 7,334 |  |  | $ | 0 |  |  | $ | 7,334 |
States and political subdivisions | 0 |  |  | 163,431 |  |  | 0 |  |  | 163,431 |
GSE residential MBSs | 0 |  |  | 104,776 |  |  | 0 |  |  | 104,776 |
GSE residential CMOs | 0 |  |  | 112,321 |  |  | 0 |  |  | 112,321 |
GSE commercial CMOs | 0 |  |  | 4,973 |  |  | 0 |  |  | 4,973 |
Private label CMOs | 0 |  |  | 3,540 |  |  | 0 |  |  | 3,540 |
Asset-backed | 0 |  |  | 5,418 |  |  | 0 |  |  | 5,418 |
Total debt securities | 0 |  |  | 401,793 |  |  | 0 |  |  | 401,793 |
Equity securities | 0 |  |  | 111 |  |  | 0 |  |  | 111 |
Total securities | $ | 0 |  |  | $ | 401,904 |  |  | $ | 0 |  |  | $ | 401,904 |
December 31, 2016 |  |  |  |  |  |  |
AFS Securities: |  |  |  |  |  |  |
U.S. Government Agencies | $ | 0 |  |  | $ | 39,592 |  |  | $ | 0 |  |  | $ | 39,592 |
States and political subdivisions | 0 |  |  | 164,282 |  |  | 0 |  |  | 164,282 |
GSE residential MBSs | 0 |  |  | 116,944 |  |  | 0 |  |  | 116,944 |
GSE residential CMOs | 0 |  |  | 69,383 |  |  | 0 |  |  | 69,383 |
GSE commercial CMOs | 0 |  |  | 4,856 |  |  | 0 |  |  | 4,856 |
Private label CMOs | 0 |  |  | 5,006 |  |  | 0 |  |  | 5,006 |
Total debt securities | 0 |  |  | 400,063 |  |  | 0 |  |  | 400,063 |
Equity securities | 0 |  |  | 91 |  |  | 0 |  |  | 91 |
Total securities | $ | 0 |  |  | $ | 400,154 |  |  | $ | 0 |  |  | $ | 400,154 |
Schedule of Changes in Fair Value of Impaired Loans | The following table presents changes in the fair value for impaired loans still held at June 30, considered in the determination of the provision for loan losses, for the three and six months ended June 30, 2017 and 2016.
| Three months ended June 30, |  | Six months ended June 30,
(Dollars in thousands) | 2017 |  | 2016 |  | 2017 |  | 2016
Changes in fair value of impaired loans still held at June 30 | $ | 4 |  |  | $ | 183 |  |  | $ | 2 |  |  | $ | 162 |
Schedule of Changes in Fair Value of Foreclosed Real Estate Held | The following table presents changes in the fair value of OREO for properties still held at June 30, charged to real estate expenses, for the three and six months ended June 30, 2017 and 2016.
| Three months ended June 30, |  | Six months ended June 30,
(Dollars in thousands) | 2017 |  | 2016 |  | 2017 |  | 2016
Changes in fair value of OREO still held at June 30 | $ | 0 |  |  | $ | 44 |  |  | $ | 0 |  |  | $ | 95 |
Summary of Assets Measured at Fair Value on Nonrecurring Basis | The following table summarizes assets at June 30, 2017 and December 31, 2016, measured at fair value on a nonrecurring basis:
(Dollars in thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total Fair Value Measurements
June 30, 2017 |  |  |  |  |  |  |
Impaired Loans |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |
Owner-occupied | $ | 0 |  |  | $ | 0 |  |  | $ | 517 |  |  | $ | 517 |
Multi-family | 0 |  |  | 0 |  |  | 182 |  |  | 182 |
Non-owner occupied residential | 0 |  |  | 0 |  |  | 378 |  |  | 378 |
Commercial and industrial | 0 |  |  | 0 |  |  | 63 |  |  | 63 |
Residential mortgage: |  |  |  |  |  |  |
First lien | 0 |  |  | 0 |  |  | 1,781 |  |  | 1,781 |
Home equity - lines of credit | 0 |  |  | 0 |  |  | 154 |  |  | 154 |
Installment and other loans | 0 |  |  | 0 |  |  | 5 |  |  | 5 |
Total impaired loans | $ | 0 |  |  | $ | 0 |  |  | $ | 3,080 |  |  | $ | 3,080 |
Foreclosed real estate |  |  |  |  |  |  |
Residential | $ | 0 |  |  | $ | 0 |  |  | $ | 22 |  |  | $ | 22 |
December 31, 2016 |  |  |  |  |  |  |
Impaired Loans |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |
Owner-occupied | $ | 0 |  |  | $ | 0 |  |  | $ | 777 |  |  | $ | 777 |
Non-owner occupied | 0 |  |  | 0 |  |  | 736 |  |  | 736 |
Multi-family | 0 |  |  | 0 |  |  | 199 |  |  | 199 |
Non-owner occupied residential | 0 |  |  | 0 |  |  | 409 |  |  | 409 |
Acquisition and development: |  |  |  |  |  |  |
Commercial and land development | 0 |  |  | 0 |  |  | 1 |  |  | 1 |
Commercial and industrial | 0 |  |  | 0 |  |  | 66 |  |  | 66 |
Residential mortgage: |  |  |  |  |  |  |
First lien | 0 |  |  | 0 |  |  | 1,994 |  |  | 1,994 |
Home equity - lines of credit | 0 |  |  | 0 |  |  | 162 |  |  | 162 |
Installment and other loans | 0 |  |  | 0 |  |  | 6 |  |  | 6 |
Total impaired loans | $ | 0 |  |  | $ | 0 |  |  | $ | 4,350 |  |  | $ | 4,350 |
Foreclosed real estate |  |  |  |  |  |  |
Residential | $ | 0 |  |  | $ | 0 |  |  | $ | 88 |  |  | $ | 88 |
Summary of Additional Qualitative Information | The following table presents additional qualitative information about assets measured on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value.
(Dollars in thousands) | Fair Value Estimate |  | Valuation Techniques |  | Unobservable Input |  | Range
June 30, 2017 |  |  |  |  |  |  |
Impaired loans | $ | 3,080 |  |  | Appraisal of collateral |  | Management adjustments on appraisals for property type and recent activity |  | 10% - 75% discount
|  |  |  |  | - Management adjustments for liquidation expenses |  | 0% - 38% discount
Foreclosed real estate | 22 |  |  | Appraisal of collateral |  | Management adjustments on appraisals for property type and recent activity |  | 17% discount
|  |  |  |  | - Management adjustments for liquidation expenses |  | 10% discount
December 31, 2016 |  |  |  |  |  |  |
Impaired loans | $ | 4,350 |  |  | Appraisal of collateral |  | Management adjustments on appraisals for property type and recent activity |  | 10% - 75% discount
|  |  |  |  | - Management adjustments for liquidation expenses |  | 0% - 41% discount
Foreclosed real estate | 88 |  |  | Appraisal of collateral |  | Management adjustments on appraisals for property type and recent activity |  | 13% - 17% discount
|  |  |  |  | - Management adjustments for liquidation expenses |  | 10% - 18% discount
Financial Instruments at Estimated Fair Values | The following table presents estimated fair values of the Company’s financial instruments at June 30, 2017 and December 31, 2016:
(Dollars in thousands) | Carrying Amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
June 30, 2017 |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 19,754 |  |  | $ | 19,754 |  |  | $ | 19,754 |  |  | $ | 0 |  |  | $ | 0 |
Interest-bearing deposits with banks | 18,258 |  |  | 18,258 |  |  | 18,258 |  |  | 0 |  |  | 0 |
Restricted investments in bank stocks | 7,072 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |
AFS securities | 401,904 |  |  | 401,904 |  |  | 0 |  |  | 401,904 |  |  | 0 |
Loans held for sale | 5,182 |  |  | 5,320 |  |  | 0 |  |  | 5,320 |  |  | 0 |
Loans, net of allowance for loan losses | 921,631 |  |  | 922,642 |  |  | 0 |  |  | 0 |  |  | 922,642 |
Accrued interest receivable | 4,467 |  |  | 4,467 |  |  | 0 |  |  | 2,501 |  |  | 1,966 |
Financial Liabilities |  |  |  |  |  |  |  |  |
Deposits | 1,195,936 |  |  | 1,193,225 |  |  | 0 |  |  | 1,193,225 |  |  | 0 |
Short-term borrowings | 90,562 |  |  | 90,562 |  |  | 0 |  |  | 90,562 |  |  | 0 |
Long-term debt | 23,991 |  |  | 24,487 |  |  | 0 |  |  | 24,487 |  |  | 0 |
Accrued interest payable | 448 |  |  | 448 |  |  | 0 |  |  | 448 |  |  | 0 |
Off-balance sheet instruments | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
December 31, 2016 |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 16,072 |  |  | $ | 16,072 |  |  | $ | 16,072 |  |  | $ | 0 |  |  | $ | 0 |
Interest-bearing deposits with banks | 14,201 |  |  | 14,201 |  |  | 14,201 |  |  | 0 |  |  | 0 |
Restricted investments in bank stocks | 7,970 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |
AFS securities | 400,154 |  |  | 400,154 |  |  | 0 |  |  | 400,154 |  |  | 0 |
Loans held for sale | 2,768 |  |  | 2,843 |  |  | 0 |  |  | 2,843 |  |  | 0 |
Loans, net of allowance for loan losses | 870,616 |  |  | 870,470 |  |  | 0 |  |  | 0 |  |  | 870,470 |
Accrued interest receivable | 4,672 |  |  | 4,672 |  |  | 0 |  |  | 2,643 |  |  | 2,029 |
Financial Liabilities |  |  |  |  |  |  |  |  |
Deposits | 1,152,452 |  |  | 1,149,727 |  |  | 0 |  |  | 1,149,727 |  |  | 0 |
Short-term borrowings | 87,864 |  |  | 87,864 |  |  | 0 |  |  | 87,864 |  |  | 0 |
Long-term debt | 24,163 |  |  | 24,966 |  |  | 0 |  |  | 24,966 |  |  | 0 |
Accrued interest payable | 437 |  |  | 437 |  |  | 0 |  |  | 437 |  |  | 0 |
Off-balance sheet instruments | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75026489&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13433-108611 + Details
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