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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2020

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

		Quoted Prices
		In Active				Significant
		Markets for				Other				Significant
		Identical				Observable				Unobservable				Balance
(Dollars in thousands)		Assets				Inputs				Inputs				at Date
		(Level 1)				(Level 2)				(Level 3)				Indicated
Equity Securities Held at Fair Value - December 31, 2018 March 31, 2020
Equity securities		$	1,055			$	—			$	1,407			$	2,462
Investment Securities, Available for Sale - March 31, 2020
U. S. Government and federal agency		$	—			$	17,129			$	—			$	17,129
U. S. Treasury notes and bonds			—				2,074				—				2,074
State and municipal			—				178,587				11,552				190,139
Mortgage-backed			—				148,703				—				148,703
Corporate			—				2,859				—				2,859
Trust preferred securities			—				—				1,000				1,000
Total		$	—			$	349,352			$	12,552			$	361,904
Equity Securities Held at Fair Value - December 31, 2018 December 31, 2019
Equity securities		$	1,379			$	—			$	1,472			$	2,851
Investment Securities, Available for Sale - December 31, 2019
U. S. Government and federal agency		$	—			$	17,215			$	—			$	17,215
U. S. Treasury notes and bonds			—				2,008				—				2,008
State and municipal			—				162,557				11,367				173,924
Mortgage-backed			—				142,760				—				142,760
Corporate			—				2,672				—				2,672
Trust preferred securities			—				—				1,000				1,000
Total		$	—			$	327,212			$	12,367			$	339,579

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

(Dollars in thousands)
		2020				2019
Equity Securities Held at Fair Value
Balance, January 1		$	1,472			$	886
Total realized and unrealized gains (losses) included in noninterest income			(65	)			77
Net purchases, sales, calls, and maturities			—				—
Net transfers into Level 3			—				—
Balance, March 31		$	1,407			$	963
Investment Securities, Available for Sale
Balance, January 1		$	12,367			$	8,498
Total unrealized gains (losses) included in other comprehensive income			185				97
Net purchases, sales, calls, and maturities			—				—
Net transfers into Level 3			—				—
Balance, March 31		$	12,552			$	8,595

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 

						Quoted Prices
						In Active				Significant
						Markets for				Other				Significant
		Balances at				Identical				Observable				Unobservable
(Dollars in thousands)		Dates				Assets				Inputs				Inputs
			Indicated				(Level 1)				(Level 2)				(Level 3)
Impaired Loans
March 31, 2020		$	5,375			$	—			$	—			$	5,375
December 31, 2019		$	5,922			$	—			$	—			$	5,922
Other Real Estate
March 31, 2020		$	926			$	—			$	—			$	926
December 31, 2019		$	929			$	—			$	—			$	929

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

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=117815213&loc=d3e19207-110258

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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
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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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

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 (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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No definition available.

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