XML 40 R31.htm IDEA: XBRL DOCUMENT
v3.23.3

Fair Value of Assets and Liabilities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Fair Value of Assets and Liabilities |
Schedule of balances of financial assets and liabilities measured at fair value on a recurring basis | ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2023 |
​ | ​ | Fair Value Measurements Classified as | ​ | Assets/Liabilities at |
(Dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Securities available for sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasury securities | ​ | $ | — | ​ | $ | 51,394 | ​ | $ | — | ​ | $ | 51,394 | ​
U.S. government agencies and corporations | ​ | ​ | — | ​ | ​ | 94,050 | ​ | ​ | — | ​ | ​ | 94,050 | ​
Mortgage-backed securities | ​ |  | — | ​ |  | 160,315 | ​ |  | — | ​ |  | 160,315 | ​
Obligations of states and political subdivisions | ​ |  | — | ​ |  | 134,165 | ​ |  | — | ​ |  | 134,165 | ​
Corporate and other debt securities | ​ | ​ | — | ​ | ​ | 20,729 | ​ | ​ | — | ​ | ​ | 20,729 | ​
Total securities available for sale | ​ |  | — | ​ |  | 460,653 | ​ |  | — | ​ |  | 460,653 | ​
Loans held for sale | ​ |  | — | ​ |  | 25,469 | ​ |  | — | ​ |  | 25,469 | ​
Other investments | ​ | ​ | — | ​ | ​ | 3,629 | ​ | ​ | — | ​ | ​ | 3,629 | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
IRLC | ​ |  | — | ​ |  | 563 | ​ |  | — | ​ |  | 563 | ​
Interest rate swaps on loans | ​ | ​ | — | ​ | ​ | 7,132 | ​ | ​ | — | ​ | ​ | 7,132 | ​
Cash flow hedges | ​ |  | — | ​ |  | 2,073 | ​ |  | — | ​ |  | 2,073 | ​
Total assets | ​ | $ | — | ​ | $ | 499,519 | ​ | $ | — | ​ | $ | 499,519 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps on loans | ​ | $ | — | ​ | $ | 7,132 | ​ | $ | — | ​ | $ | 7,132 | ​
Total liabilities | ​ | $ | — | ​ | $ | 7,132 | ​ | $ | — | ​ | $ | 7,132 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022 |
​ | ​ | Fair Value Measurements Classified as | ​ | Assets/Liabilities at |
(Dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Securities available for sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasury securities | ​ | $ | — | ​ | $ | 58,833 | ​ | $ | — | ​ | $ | 58,833 | ​
U.S. government agencies and corporations | ​ | ​ | — | ​ | ​ | 130,274 | ​ | ​ | — | ​ | ​ | 130,274 | ​
Mortgage-backed securities | ​ |  | — | ​ |  | 179,918 | ​ |  | — | ​ |  | 179,918 | ​
Obligations of states and political subdivisions | ​ |  | — | ​ |  | 120,827 | ​ |  | — | ​ |  | 120,827 | ​
Corporate and other debt securities | ​ |  | — | ​ |  | 22,739 | ​ |  | — | ​ |  | 22,739 | ​
Total securities available for sale | ​ |  | — | ​ |  | 512,591 | ​ |  | — | ​ |  | 512,591 | ​
Loans held for sale | ​ |  | — | ​ |  | 14,259 | ​ |  | — | ​ |  | 14,259 | ​
Other investments | ​ | ​ | — | ​ | ​ | 3,649 | ​ | ​ | — | ​ | ​ | 3,649 | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
IRLC | ​ |  | — | ​ |  | 391 | ​ |  | — | ​ |  | 391 | ​
Interest rate swaps on loans | ​ |  | — | ​ |  | 6,328 | ​ |  | — | ​ |  | 6,328 | ​
Cash flow hedges | ​ | ​ | — | ​ | ​ | 1,941 | ​ | ​ | — | ​ | ​ | 1,941 | ​
Total assets | ​ | $ | — | ​ | $ | 539,159 | ​ | $ | — | ​ | $ | 539,159 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps on loans | ​ | $ | — | ​ | $ | 6,328 | ​ | $ | — | ​ | $ | 6,328 | ​
Total liabilities | ​ | $ | — | ​ | $ | 6,328 | ​ | $ | — | ​ | $ | 6,328 | ​
Schedule of carrying amounts and estimated fair values of financial instruments | ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Carrying |  | Fair Value Measurements at September 30, 2023 Classified as |  | Total Fair |
(Dollars in thousands) | ​ | Value | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Value |
Financial assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and short-term investments | ​ | $ | 73,002 | ​ | $ | 70,512 | ​ | $ | 2,490 | ​ | $ | — | ​ | $ | 73,002 | ​
Securities available for sale | ​ |  | 460,653 | ​ | ​ | — | ​ |  | 460,653 | ​ | ​ | — | ​ |  | 460,653 | ​
Loans, net | ​ |  | 1,677,481 | ​ |  | — | ​ |  | — | ​ |  | 1,618,671 | ​ |  | 1,618,671 | ​
Loans held for sale | ​ |  | 25,469 | ​ |  | — | ​ |  | 25,469 | ​ |  | — | ​ |  | 25,469 | ​
Other investments | ​ | ​ | 3,629 | ​ | ​ | — | ​ | ​ | 3,629 | ​ | ​ | — | ​ | ​ | 3,629 | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
IRLC | ​ | ​ | 563 | ​ | ​ | — | ​ | ​ | 563 | ​ | ​ | — | ​ | ​ | 563 | ​
Interest rate swaps on loans | ​ | ​ | 7,132 | ​ | ​ | — | ​ | ​ | 7,132 | ​ | ​ | — | ​ | ​ | 7,132 | ​
Cash flow hedges | ​ | ​ | 2,073 | ​ | ​ | — | ​ | ​ | 2,073 | ​ | ​ | — | ​ | ​ | 2,073 | ​
Bank-owned life insurance | ​ | ​ | 21,248 | ​ | ​ | — | ​ | ​ | 21,248 | ​ | ​ | — | ​ | ​ | 21,248 | ​
Accrued interest receivable | ​ |  | 10,039 | ​ |  | 10,039 | ​ |  | — | ​ |  | — | ​ |  | 10,039 | ​
Financial liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Demand and savings deposits | ​ | ​ | 1,431,140 | ​ | ​ | 1,431,140 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,431,140 | ​
Time deposits | ​ |  | 597,289 | ​ |  | — | ​ |  | 591,113 | ​ |  | — | ​ |  | 591,113 | ​
Borrowings | ​ |  | 141,042 | ​ |  | — | ​ |  | 125,792 | ​ |  | — | ​ |  | 125,792 | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps on loans | ​ | ​ | 7,132 | ​ | ​ | — | ​ | ​ | 7,132 | ​ | ​ | — | ​ | ​ | 7,132 | ​
Accrued interest payable | ​ |  | 3,188 | ​ |  | 3,188 | ​ |  | — | ​ |  | — | ​ |  | 3,188 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Carrying |  | Fair Value Measurements at December 31, 2022 Classified as |  | Total Fair |
(Dollars in thousands) | ​ | Value | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Value |
Financial assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and short-term investments | ​ | $ | 28,898 | ​ | $ | 26,661 | ​ | $ | 2,189 | ​ | $ | — | ​ | $ | 28,850 | ​
Securities available for sale | ​ |  | 512,591 | ​ | ​ | — | ​ |  | 512,591 | ​ | ​ | — | ​ |  | 512,591 | ​
Loans, net | ​ |  | 1,595,200 | ​ |  | — | ​ |  | — | ​ |  | 1,538,062 | ​ |  | 1,538,062 | ​
Loans held for sale | ​ |  | 14,259 | ​ |  | — | ​ |  | 14,259 | ​ |  | — | ​ |  | 14,259 | ​
Other investments | ​ | ​ | 3,649 | ​ | ​ | — | ​ | ​ | 3,649 | ​ | ​ | — | ​ | ​ | 3,649 | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
IRLC | ​ | ​ | 391 | ​ | ​ | — | ​ | ​ | 391 | ​ | ​ | — | ​ | ​ | 391 | ​
Interest rate swaps on loans | ​ | ​ | 6,328 | ​ | ​ | — | ​ | ​ | 6,328 | ​ | ​ | — | ​ | ​ | 6,328 | ​
Cash flow hedges | ​ | ​ | 1,941 | ​ | ​ | — | ​ | ​ | 1,941 | ​ | ​ | — | ​ | ​ | 1,941 | ​
Bank-owned life insurance | ​ | ​ | 20,909 | ​ | ​ | — | ​ | ​ | 20,909 | ​ | ​ | — | ​ | ​ | 20,909 | ​
Accrued interest receivable | ​ |  | 8,982 | ​ |  | 8,982 | ​ |  | — | ​ |  | — | ​ |  | 8,982 | ​
Financial liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Demand and savings deposits | ​ | ​ | 1,622,566 | ​ | ​ | 1,622,566 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,622,566 | ​
Time deposits | ​ |  | 381,294 | ​ |  | — | ​ |  | 374,267 | ​ |  | — | ​ |  | 374,267 | ​
Borrowings | ​ |  | 85,943 | ​ |  | — | ​ |  | 71,906 | ​ |  | — | ​ |  | 71,906 | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps on loans | ​ | ​ | 6,328 | ​ | ​ | — | ​ | ​ | 6,328 | ​ | ​ | — | ​ | ​ | 6,328 | ​
Accrued interest payable | ​ |  | 950 | ​ |  | 950 | ​ |  | — | ​ |  | — | ​ |  | 950 | ​

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration