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Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of fair value, assets measured on recurring basis

($ in thousands)		Fair Values at 3/31/21				(Level 1)				(Level 2)				(Level 3)
U.S. Treasury and Government Agencies		$	9,283			$	-			$	9,283			$	-
Mortgage-backed securities			154,198				-				154,198				-
State and political subdivisions			11,992				-				11,992				-
Other corporate securities			2,445				-				2,445				-
Interest rate contracts - assets			4,504				-				4,504				-
Interest rate contracts - liabilities			(4,504	)			-				(4,504	)			-
Forward contracts			497				497				-				-
IRLCs			(414	)			-				-				(414	)

($ in thousands)		Fair Values at 12/31/2020				(Level 1)				(Level 2)				(Level 3)
U.S. Treasury and Government Agencies		$	6,864			$	-			$	6,864			$	-
Mortgage-backed securities			127,761				-				127,761				-
State and political subdivisions			12,275				-				12,275				-
Other corporate securities			2,506				-				2,506				-
Interest rate contracts - assets			7,962				-				7,962				-
Interest rate contracts - liabilities			(7,962	)			-				(7,962	)			-
Forward contracts			(265	)			(265	)			-				-
IRLCs			278				-				-				278

Schedule of recurring fair value measurements using significant unobservable (Level 3) inputs

		Interest Rate Lock Commitments for the Three Months Ended
($ in thousands)		2021				2020
Beginning balance January 1		$	278			$	55
Total realized gains (losses)
Change in fair value			(692	)			671
Ending balance, March 31		$	(414	)		$	726

Schedule of fair value measurements, nonrecurring

($ in thousands)		Fair values at 3/31/2021				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	639			$	-			$	-			$	639
Mortgage servicing rights			10,490				-				-				10,490

($ in thousands)		Fair values at 12/31/2020				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	3,544			$	-			$	-			$	3,544
Mortgage servicing rights			7,759				-				-				7,759

Schedule of unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements

		Fair value at				Valuation				Range (weighted-
($ in thousands)		3/31/2021				technique		Unobservable inputs		average)
Collateral-dependent impaired loans		$	639			Market comparable properties		Comparability adjustments (%)			0 - 15% (10	%)
Mortgage servicing rights			10,490			Discounted cash flow		Discount Rate			8.78	%
								Constant prepayment rate			11.29	%
								P&I earnings credit			0.11	%
								T&I earnings credit			0.20	%
								Inflation for cost of servicing			1.50	%
IRLCs			(414	)		Discounted cash flow		Loan closing rates			45% - 99	%

		Fair Value at				Valuation				Range (weighted-
($ in thousands)		12/31/2020				technique		Unobservable inputs		average)
Collateral-dependent impaired loans		$	3,544			Market comparable properties		Comparability adjustments (%)			0 - 43% (22	)%
Mortgage servicing rights			7,759			Discounted cash flow		Discount Rate			8.28	%
								Constant prepayment rate			20.87	%
								P&I earnings credit			0.14	%
								T&I earnings credit			0.24	%
								Inflation for cost of servicing			1.50	%
IRLCs			278			Discounted cash flow		Loan closing rates			49% - 100	%

Schedule of estimated fair values financial instruments

($ in thousands)		Carrying				Fair				Fair value measurements using
March 31, 2021		amount				value				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and due from banks		$	206,036			$	206,036			$	206,036			$	-			$	-
Interest bearing time deposits			3,562				3,562				-				3,562				-
Loans held for sale			8,689				8,817				-				8,817				-
Loans, net of allowance for loan losses			834,850				834,652				-				-				834,652
Federal Reserve and FHLB Bank stock, at cost			5,303				5,303				-				5,303				-
Interest receivable			3,371				3,371				-				3,371				-
Financial liabilities
Deposits		$	1,120,196			$	1,121,381			$	931,967			$	189,414			$	-
Short-term borrowings			24,321				24,321				-				24,321				-
FHLB advances			8,000				8,225				-				8,225				-
Trust preferred securities			10,310				8,994				-				8,994				-
Interest payable			489				489				-				489				-

($ in thousands)		Carrying				Fair				Fair value measurements using
December 31, 2020		amount				value				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and due from banks		$	140,690			$	140,690			$	140,690			$	-			$	-
Interest bearing time deposits			5,823				5,823				-				5,823				-
Loans held for sale			7,234				7,508				-				7,508				-
Loans, net of allowance for loan losses			860,149				853,294				-				-				853,294
Federal Reserve and FHLB Bank stock, at cost			5,303				5,303				-				5,303				-
Interest receivable			3,799				3,799				-				3,799				-
Financial liabilities
Deposits		$	1,049,011			$	1,050,558			$	819,462			$	231,096			$	-
Short-term borrowings			20,189				20,189				-				20,189				-
FHLB advances			8,000				8,257				-				8,257				-
Trust preferred securities			10,310				8,394				-				8,394				-
Interest payable			616				616				-				616				-

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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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).

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Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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