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v3.22.1

Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2022
Fair Value |
Available For Sale Securities Measured At Fair Value On A Recurring Basis |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | March 31, 2022 |
|  | Fair Value |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
U. S Treasuries |  | $ | 10,369 |  |  |  | - |  |  |  | 10,369 |  |  |  | - |
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | $ | 13,408 |  |  |  | - |  |  |  | 13,408 |  |  |  | - |
Mortgage-backed securities |  | $ | 224,655 |  |  |  | - |  |  |  | 224,655 |  |  |  | - |
State and political subdivisions |  | $ | 159,605 |  |  |  | - |  |  |  | 159,605 |  |  |  | - |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2021 |
|  | Fair Value |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
U. S Treasuries |  | $ | 7,889 |  |  |  | - |  |  |  | 7,889 |  |  |  | - |
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | $ | 14,267 |  |  |  | - |  |  |  | 14,267 |  |  |  | - |
Mortgage-backed securities |  | $ | 217,152 |  |  |  | - |  |  |  | 217,152 |  |  |  | - |
State and political subdivisions |  | $ | 167,241 |  |  |  | - |  |  |  | 167,241 |  |  |  | - |
Fair Value Measurements Of Investment Securities Available For Sale Using Level 3 Significant Unobservable Inputs |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | March 31, 2022 |
|  | Fair Value |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
Mutual funds held in deferred compensation trust |  | $ | 1,410 |  |  |  | - |  |  |  | 1,410 |  |  |  | - |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2021 |
|  | Fair Value |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
Mutual funds held in deferred compensation trust |  | $ | 1,510 |  |  |  | - |  |  |  | 1,510 |  |  |  | - |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value Measurements March 31, 2022 |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
Mortgage loans held for sale |  | $ | 885 |  |  |  | - |  |  |  | - |  |  |  | 885 |
Impaired loans |  | $ | 16,366 |  |  |  | - |  |  |  | - |  |  |  | 16,366 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value Measurements December 31, 2021 |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
Mortgage loans held for sale |  | $ | 3,637 |  |  |  | - |  |  |  | - |  |  |  | 3,637 |
Impaired loans |  | $ | 17,475 |  |  |  | - |  |  |  | - |  |  |  | 17,475 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value March 31, 2022 |  |  | Fair Value December 31, 2021 |  |  | Valuation Technique |  | Significant Unobservable Inputs |  |  | General Range of Significant Unobservable Input Values |
Mortgage loans held for sale |  | $ | 885 |  |  |  | 3,637 |  |  | Rate lock commitment |  |  | N/A |  |  |  | N/A |
Impaired loans |  | $ | 16,366 |  |  |  | 17,475 |  |  | Appraised value and discounted cash flows |  | Discounts to reflect current market conditions and ultimate collectability |  |  | 0 - 25 | %
Carrying Amount And Estimated Fair Value Of The Company's Financial Instruments |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Fair Value Measurements at March 31, 2022 |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 305,106 |  |  |  | 305,106 |  |  |  | - |  |  |  | - |  |  |  | 305,106 |
Investment securities available for sale |  |  | 408,037 |  |  |  | - |  |  |  | 408,037 |  |  |  | - |  |  |  | 408,037 |
Other investments |  |  | 3,569 |  |  |  | - |  |  |  | - |  |  |  | 3,569 |  |  |  | 3,569 |
Mortgage loans held for sale |  |  | 885 |  |  |  | - |  |  |  | - |  |  |  | 885 |  |  |  | 885 |
Loans, net |  |  | 880,332 |  |  |  | - |  |  |  | - |  |  |  | 858,361 |  |  |  | 858,361 |
Mutual funds held in deferred |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
compensation trust |  |  | 1,410 |  |  |  | - |  |  |  | 1,410 |  |  |  | - |  |  |  | 1,410 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,468,735 |  |  |  | - |  |  |  | - |  |  |  | 1,430,431 |  |  |  | 1,430,431 |
Securities sold under agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
to repurchase |  |  | 34,823 |  |  |  | - |  |  |  | 34,823 |  |  |  | - |  |  |  | 34,823 |
Junior subordinated debentures |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |
(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 |

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