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Fair Value (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value

Available For Sale Securities Measured At Fair Value On A Recurring Basis

(Dollars in thousands)
		June 30, 2022
		Fair Value				Level 1 Valuation				Level 2 Valuation				Level 3 Valuation
U.S. Treasuries		$	10,058				-				10,058				-
U.S. Government sponsored enterprises		$	12,692				-				12,692				-
Mortgage-backed securities		$	248,200				-				248,200				-
State and political subdivisions		$	155,854				-				155,854				-
Mutual funds held in deferred compensation trust		$	1,332				-				1,332

(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				-
Mutual funds held in deferred compensation trust		$	1,510				-				1,510				-

Fair Value Measurements Of Investment Securities Available For Sale Using Level 3 Significant Unobservable Inputs

(Dollars in thousands)
		Fair Value Measurements June 30, 2022				Level 1 Valuation				Level 2 Valuation				Level 3 Valuation
Mortgage loans held for sale		$	1,288				-				-				1,288
Impaired loans		$	15,798				-				-				15,798

(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 June 30, 2022

Fair Value December 31, 2021

Valuation Technique

Significant Unobservable Inputs

General Range of Significant Unobservable Input Values

Mortgage loans held for sale

$

1,288

3,637

Rate lock commitment

N/A

N/A

Impaired loans

$

15,798

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 June 30, 2022
		Carrying Amount				Level 1				Level 2				Level 3				Total
Assets:
Cash and cash equivalents		$	223,707				223,707				-				-				223,707
Investment securities available for sale			426,804				-				426,804				-				426,804
Other investments			2,791				-				-				2,791				2,791
Mortgage loans held for sale			1,288				-				-				1,288				1,288
Loans, net			949,684				-				-				924,433				924,433
Mutual funds held in deferred
compensation trust			1,332				-				1,332				-				1,332
Liabilities:
Deposits		$	1,493,970				-				-				1,415,392				1,415,392
Securities sold under agreements
to repurchase			37,146				-				37,146				-				37,146
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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- References

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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 https://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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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