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Fair Value Measurements (Tables)

9 Months Ended

Sep. 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)
September 30, 2021
Assets:
U.S. Treasury	$	3,029	$	3,029	$	—	$	—
U.S. government and federal agency obligations		1,333		—		1,333		—
U.S. government-sponsored enterprises		17,566		—		17,566		—
Obligations of states and political subdivisions		118,911		—		118,911		—
Mortgage-backed securities		125,013		—		125,013		—
Other debt securities		11,395		—		11,395		—
Bank-issued trust preferred securities		1,281		—		1,281		—
Equity securities		52		52		—		—
Mortgage servicing rights		2,718		—		—		2,718
Total	$	281,298	$	3,081	$	275,499	$	2,718

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 September 30,				Nine Months Ended September 30,
(in thousands)	2021		2020		2021		2020
Balance at beginning of period	$	2,775	$	2,145	$	2,445	$	2,482
Total gains or (losses) (realized/unrealized):
Included in earnings		(123)		(161)		(86)		(686)
Included in other comprehensive income		—		—		—		—
Purchases		—		—		—		—
Sales		—		—		—		—
Issues		66		343		359		531
Settlements		—		—		—		—
Balance at end of period	$	2,718	$	2,327	$	2,718	$	2,327


			Fair Value Measurements Using
			Quoted Prices
			in Active						Three Months		Nine Months
			Markets for		Other		Significant		Ended		Ended
			Identical		Observable		Unobservable		September 30,		September 30,
	Total		Assets		Inputs		Inputs		Total Gains		Total Gains
(in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)		(Losses)*		(Losses)*
September 30, 2021
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	3,960	$	—	$	—	$	3,960	$	—	$	—
Real estate mortgage - residential		324		—		—		324		(18)		(22)
Real estate mortgage - commercial		22,266		—		—		22,266		(15)		(41)
Installment and other consumer		—		—		—		—		—		(6)
Total	$	26,550	$	—	$	—	$	26,550	$	(33)	$	(69)
Other real estate and repossessed assets	$	11,614	$	—	$	—	$	11,614	$	(12)	$	(71)

September 30, 2020
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	308	$	—	$	—	$	308	$	(20)	$	(20)
Real estate construction - commercial		360		—		—		360		—		—
Real estate mortgage - residential		454		—		—		454		—		(52)
Real estate mortgage - commercial		1,635		—		—		1,635		(13)		(37)
Installment and other consumer		—		—		—		—		(3)		(20)
Total	$	2,757	$	—	$	—	$	2,757	$	(36)	$	(129)
Other real estate and repossessed assets	$	12,601	$	—	$	—	$	12,601	$	23	$	222

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