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FAIR VALUE (Tables)

6 Months Ended

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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