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FAIR VALUE (Tables) | 6 Months Ended
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Jun. 30, 2018
Fair Value Disclosures [Abstract] |
Summary of Assets Measured at Fair Value on Recurring Basis | The following table summarizes assets measured at fair value on a recurring basis at June 30, 2018 and December 31, 2017.
(Dollars in Thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total Fair Value Measurements
June 30, 2018 |  |  |  |  |  |  |
AFS Securities: |  |  |  |  |  |  |
States and political subdivisions | $ | 0 |  |  | $ | 169,918 |  |  | $ | 0 |  |  | $ | 169,918 |
GSE residential CMOs | 0 |  |  | 113,872 |  |  | 0 |  |  | 113,872 |
Private label residential CMOs | 0 |  |  | 615 |  |  | 0 |  |  | 615 |
Private label commercial CMOs | 0 |  |  | 18,404 |  |  | 0 |  |  | 18,404 |
Asset-backed and other | 0 |  |  | 146,610 |  |  | 0 |  |  | 146,610 |
Totals | $ | 0 |  |  | $ | 449,419 |  |  | $ | 0 |  |  | $ | 449,419 |
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 and other | 0 |  |  | 86,545 |  |  | 0 |  |  | 86,545 |
Totals | $ | 0 |  |  | $ | 415,308 |  |  | $ | 0 |  |  | $ | 415,308 |
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, 2018 and 2017.
| Three months ended June 30, |  | Six months ended June 30,
(Dollars in thousands) | 2018 |  | 2017 |  | 2018 |  | 2017
Changes in fair value of impaired loans still held | $ | 79 |  |  | $ | 4 |  |  | $ | 84 |  |  | $ | 2 |
Schedule of Changes in Fair Value of OREO For Properties Held | The following table summarizes 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, 2018 and 2017.
| Three months ended June 30, |  | Six months ended June 30,
(Dollars in thousands) | 2018 |  | 2017 |  | 2018 |  | 2017
Changes in fair value of OREO still held | $ | 13 |  |  | $ | 0 |  |  | $ | 13 |  |  | $ | 0 |
Summary of Assets Measured at Fair Value on Nonrecurring Basis | The following table summarizes assets measured at fair value on a nonrecurring basis at June 30, 2018 and December 31, 2017.
(Dollars in thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total Fair Value Measurements
June 30, 2018 |  |  |  |  |  |  |
Impaired Loans |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |
Owner occupied | $ | 0 |  |  | $ | 0 |  |  | $ | 334 |  |  | $ | 334 |
Multi-family | 0 |  |  | 0 |  |  | 148 |  |  | 148 |
Non-owner occupied residential | 0 |  |  | 0 |  |  | 311 |  |  | 311 |
Commercial and industrial | 0 |  |  | 0 |  |  | 44 |  |  | 44 |
Residential mortgage: |  |  |  |  |  |  |
First lien | 0 |  |  | 0 |  |  | 1,720 |  |  | 1,720 |
Home equity - lines of credit | 0 |  |  | 0 |  |  | 294 |  |  | 294 |
Installment and other loans | 0 |  |  | 0 |  |  | 1 |  |  | 1 |
Total impaired loans | $ | 0 |  |  | $ | 0 |  |  | $ | 2,852 |  |  | $ | 2,852 |
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 |
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, 2018 |  |  |  |  |  |  |
Impaired loans | $ | 2,852 |  |  | Appraisal of collateral |  | Management adjustments on appraisals for property type and recent activity |  | 10% - 75% discount
|  |  |  |  | - Management adjustments for liquidation expenses |  | 6% - 20% discount
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
Financial Instruments at Estimated Fair Values | The following table presents carrying amounts and estimated fair values of the Company’s financial instruments at June 30, 2018 and December 31, 2017:
(Dollars in thousands) | Carrying Amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
June 30, 2018 |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 18,122 |  |  | $ | 18,122 |  |  | $ | 18,122 |  |  | $ | 0 |  |  | $ | 0 |
Interest-bearing deposits with banks | 4,460 |  |  | 4,460 |  |  | 4,460 |  |  | 0 |  |  | 0 |
Restricted investments in bank stocks | 12,697 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |
Securities available for sale | 449,419 |  |  | 449,419 |  |  | 0 |  |  | 449,419 |  |  | 0 |
Loans held for sale | 5,495 |  |  | 5,538 |  |  | 0 |  |  | 5,538 |  |  | 0 |
Loans, net of allowance for loan losses | 1,050,446 |  |  | 1,042,855 |  |  | 0 |  |  | 0 |  |  | 1,042,855 |
Accrued interest receivable | 5,568 |  |  | 5,568 |  |  | 0 |  |  | 2,906 |  |  | 2,662 |
Financial Liabilities |  |  |  |  |  |  |  |  |
Deposits | 1,325,866 |  |  | 1,324,138 |  |  | 0 |  |  | 1,324,138 |  |  | 0 |
Short-term borrowings | 63,838 |  |  | 63,838 |  |  | 0 |  |  | 63,838 |  |  | 0 |
Long-term debt | 83,635 |  |  | 82,928 |  |  | 0 |  |  | 82,928 |  |  | 0 |
Accrued interest payable | 495 |  |  | 495 |  |  | 0 |  |  | 495 |  |  | 0 |
Off-balance sheet instruments | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
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 stocks | 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 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 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 (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 3: 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=99377789&loc=d3e19207-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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