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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of assets measured at fair value on a recurring basis

Disclosures concerning assets measured at fair value are as follows:

Assets Measured at Fair Value on a Recurring Basis

(Dollars in thousands)		Quoted Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs				Balance at Date
		(Level 1)				(Level 2)				(Level 3)				Indicated
Equity Securities Held at Fair Value - September 30, 2019
Equity securities		$	1,499			$	—			$	1,000			$	2,499
Investment Securities, Available for Sale – September 30, 2019
U.S. Treasury notes and bonds		$	—			$	2,012			$	—			$	2,012
U.S. Government and federal agency			—				23,049				—				23,049
State and municipal			—				90,975				9,777				100,752
Mortgage-backed			—				25,286				—				25,286
Corporate			—				2,679				—				2,679
Foreign debt			—				500				—				500
Trust preferred securities			—				—				500				500
Total		$	—			$	144,501			$	10,277			$	154,778
Equity Securities Held at Fair Value - December 31, 2018
Equity securities		$	1,961			$	—			$	886			$	2,847
Investment Securities, Available for Sale - December 31, 2018
U.S. Treasury notes and bonds		$	—			$	1,947			$	—			$	1,947
U.S. Government and federal agency			—				33,529				—				33,529
State and municipal			—				95,930				7,998				103,928
Mortgage-backed			—				21,575				—				21,575
Corporate			—				5,102				—				5,102
Trust preferred securities			—				—				500				500
Asset backed securities			—				21				—				21
Total		$	—			$	158,104			$	8,498			$	166,602

Schedule of changes in Level 3 assets measured at fair value on a recurring basis

Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis

		Nine months ended
(Dollars in thousands)		September 30,
		2019				2018
Equity Securities Held at Fair Value
Balance, January 1		$	886			$	—
Reclassification due to implementation of ASU 2016-01			—				1,000
Total realized and unrealized gains included in noninterest income			114				—
Net purchases, sales, calls, and maturities			—				—
Net transfers into Level 3			—				—
Balance, September 30		$	1,000			$	1,000
Investment Securities, Available for Sale
Balance, January 1		$	8,498			$	13,398
Reclassification due to implementation of ASU 2016-01			—				(1,000	)
Total unrealized gains (losses) included in other comprehensive income			350				(347	)
Net purchases, sales, calls, and maturities			1,429				(3,656	)
Net transfers into Level 3			—				—
Balance, September 30		$	10,277			$	8,395

Schedule of assets measured at fair value on a nonrecurring basis

Disclosures concerning assets measured at fair value on a non-recurring basis are as follows:

Assets Measured at Fair Value on a Non-recurring Basis

(Dollars in thousands)		Balance at Dates				Quoted Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs
		Indicated				(Level 1)				(Level 2)				(Level 3)
Impaired Loans
September 30, 2019		$	5,665			$	—			$	—			$	5,665
December 31, 2018		$	4,024			$	—			$	—			$	4,024
Other Real Estate
September 30, 2019		$	284			$	—			$	—			$	284
December 31, 2018		$	102			$	—			$	—			$	102

X

- 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=117815213&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=117815213&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
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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://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=117815213&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-Section 50
-Paragraph 2
-Subparagraph (a)
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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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