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FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value on a Recurring Basis

The following table summarizes assets measured at fair value on a recurring basis at December 31, 2017 and December 31, 2016.

(Dollars in Thousands)	Level 1				Level 2				Level 3				Total Fair Value Measurements
December 31, 2017
AFS Securities:
States and political subdivisions	$	0			$	159,458			$	0			$	159,458
GSE residential MBSs	0				49,530				0				49,530
GSE residential CMOs	0				111,119				0				111,119
Private label residential CMOs	0				1,003				0				1,003
Private label commercial CMOs	0				7,653				0				7,653
Asset-backed	0				86,431				0				86,431
Total debt securities	0				415,194				0				415,194
Equity securities	0				114				0				114
Totals	$	0			$	415,308			$	0			$	415,308
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 residential CMOs	0				5,006				0				5,006
Total debt securities	0				400,063				0				400,063
Equity securities	0				91				0				91
Totals	$	0			$	400,154			$	0			$	400,154

Summary of Assets Measured at Fair Value on Nonrecurring Basis

The following table summarizes assets measured at fair value on a nonrecurring basis at December 31, 2017 and December 31, 2016.

(Dollars in thousands)	Level 1				Level 2				Level 3				Total Fair Value Measurements
December 31, 2017
Impaired Loans
Commercial real estate:
Owner-occupied	$	0			$	0			$	430			$	430
Non-owner occupied	0				0				4,066				4,066
Multi-family	0				0				165				165
Non-owner occupied residential	0				0				344				344
Commercial and industrial	0				0				53				53
Residential mortgage:
First lien	0				0				1,951				1,951
Home equity - lines of credit	0				0				161				161
Installment and other loans	0				0				3				3
Total impaired loans	$	0			$	0			$	7,173			$	7,173
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

Schedule 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.

	Fair Value Estimate				Valuation Techniques		Unobservable Input		Range
December 31, 2017
Impaired loans	$	7,173			Appraisal of collateral		Management adjustments on appraisals for property type and recent activity		7% - 75% discount
							- Management adjustments for liquidation expenses		0% - 20% 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

Schedule of Estimated Fair Values of Financial Instruments

The following table presents estimated fair values of the Company’s financial instruments at December 31.

(Dollars in thousands)	Carrying Amount				Fair Value				Level 1				Level 2				Level 3
December 31, 2017
Financial Assets
Cash and due from banks	$	21,734			$	21,734			$	21,734			$	0			$	0
Interest-bearing deposits with banks	8,073				8,073				8,073				0				0
Restricted investments in bank stock	9,997				n/a				n/a				n/a				n/a
Securities available for sale	415,308				415,308				0				415,308				0
Loans held for sale	6,089				6,272				0				6,272				0
Loans, net of allowance for loan losses	997,216				994,617				0				0				994,617
Accrued interest receivable	5,048				5,048				0				2,580				2,468
Financial Liabilities
Deposits	1,219,515				1,213,288				0				1,213,288				0
Short-term borrowings	93,576				93,576				0				93,576				0
Long-term debt	83,815				83,949				0				83,949				0
Accrued interest payable	495				495				0				495				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 stock	7,970				n/a				n/a				n/a				n/a
Securities available for sale	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

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-Publisher FASB
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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).

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