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16. Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

16. Fair Value of Financial Instruments

Carrying amount and estimated fair value of the Company's financial instruments

(Dollars in thousands)
						Fair Value Measurements at December 31, 2021
		Carrying Amount				Level 1				Level 2				Level 3				Total
Assets:
Cash and cash equivalents		$	277,499				277,499				-				-				277,499
Investment securities available for sale			406,549				-				406,549				-				406,549
Other investments			3,668				-				-				3,668				3,668
Mortgage loans held for sale			3,637				-				-				3,637				3,637
Loans, net			875,514				-				-				855,814				855,814
Mutual funds held in deferred
compensation trust			1,510				-				1,510				-				1,510
Liabilities:
Deposits		$	1,412,748				-				-				1,401,833				1,401,833
Securities sold under agreements
to repurchase			37,094				-				37,094				-				37,094
Junior subordinated debentures			15,464				-				15,464				-				15,464

(Dollars in thousands)
						Fair Value Measurements at December 31, 2020
		Carrying Amount				Level 1				Level 2				Level 3				Total
Assets:
Cash and cash equivalents		$	161,580				161,580				-				-				161,580
Investment securities available for sale			245,249				-				245,249				-				245,249
Other investments			4,155				-				-				4,155				4,155
Mortgage loans held for sale			9,139				-				-				9,139				9,139
Loans, net			938,731				-				-				924,845				924,845
Mutual funds held in deferred
compensation trust			1,320				-				1,320				-				1,320
Liabilities:
Deposits		$	1,221,086				-				-				1,216,503				1,216,503
Securities sold under agreements
to repurchase			26,201				-				26,201				-				26,201
Junior subordinated debentures			15,464				-				15,464				-				15,464

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- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

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 (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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- References

No definition available.

+ Details

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