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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021


			Fair Value Measurements
			Quoted Prices
			in Active
			Markets for		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
(in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
June 30, 2021
Assets:
U.S. Treasury	$	3,034	$	3,034		—	$	—
U.S. government and federal agency obligations		2,068		—		2,068		—
U.S. government-sponsored enterprises		19,495		—		19,495		—
Obligations of states and political subdivisions		106,245		—		106,245		—
Mortgage-backed securities		134,638		—		134,638		—
Other debt securities		9,289		—		9,289		—
Bank-issued trust preferred securities		1,244		—		1,244		—
Equity securities		45		45		—		—
Mortgage servicing rights		2,775		—		—		2,775
Total	$	278,833	$	3,079	$	272,979	$	2,775

December 31, 2020
Assets:
U.S. Treasury	$	2,798	$	2,798		—	$	—
U.S. government and federal agency obligations		11,929		—		11,929		—
U.S. government-sponsored enterprises		22,874		—		22,874		—
Obligations of states and political subdivisions		58,744		—		58,744		—
Mortgage-backed securities		90,112		—		90,112		—
Other debt securities		10,344		—		10,344		—
Bank-issued trust preferred securities		1,229		—		1,229		—
Equity securities		32		32		—		—
Mortgage servicing rights		2,445		—		—		2,445
Total	$	200,507	$	2,830	$	195,232	$	2,445


	Fair Value Measurements Using				Fair Value Measurements Using
	(Level 3)				(Level 3)
	Mortgage Servicing Rights				Mortgage Servicing Rights
	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2021		2020		2021		2020
Balance at beginning of period	$	2,494	$	2,274	$	2,445	$	2,482
Total gains or (losses) (realized/unrealized):
Included in earnings		158		(250)		38		(525)
Included in other comprehensive income		—		—		—		—
Purchases		—		—		—		—
Sales		—		—		—		—
Issues		123		121		292		188
Settlements		—		—		—		—
Balance at end of period	$	2,775	$	2,145	$	2,775	$	2,145


			Fair Value Measurements Using
			Quoted Prices
			in Active						Three Months		Six Months
			Markets for		Other		Significant		Ended		Ended
			Identical		Observable		Unobservable		June 30,		June 30,
	Total		Assets		Inputs		Inputs		Total Gains		Total Gains
(in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)		(Losses)*		(Losses)*
June 30, 2021
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	3,976	$	—	$	—	$	3,976	$	—	$	—
Real estate mortgage - residential		359		—		—		359		(3)		(3)
Real estate mortgage - commercial		22,420		—		—		22,420		(2)		(25)
Installment and other consumer		—		—		—		—		(6)		(6)
Total	$	26,755	$	—	$	—	$	26,755	$	(11)	$	(34)
Other real estate and repossessed assets	$	11,938	$	—	$	—	$	11,938	$	14	$	(59)

June 30, 2020
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	2,408	$	—	$	—	$	2,408	$	—	$	—
Real estate construction - commercial		837		—		—		837		—		—
Real estate mortgage - residential		2,031		—		—		2,031		(32)		(51)
Real estate mortgage - commercial		1,304		—		—		1,304		(2)		(24)
Installment and other consumer		11		—		—		11		(3)		(17)
Total	$	6,591	$	—	$	—	$	6,591	$	(37)	$	(92)
Other real estate and repossessed assets	$	12,520	$	—	$	—	$	12,520	$	213	$	199

*	Total losses reported for other real estate and foreclosed assets includes charge-offs, valuation write downs, and net losses taken during the periods reported.