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Fair Values of Assets and Liabilities (Tables)
6 Months Ended
Jun. 30, 2020
Fair Values of Assets and Liabilities [Abstract]  
Assets and Liabilities Recorded at Fair Value on Recurring Basis

June 30, 2020

    

Total

    

Level 1

    

Level 2

    

Level 3

Investment securities available for sale

 

  

 

  

 

  

 

  

U.S. Treasury securities

$

21,749

$

21,749

$

$

U.S. Government agencies

 

20,281

 

 

20,281

 

State, county and municipal

 

109,669

 

1,622

 

108,047

 

Mortgage backed securities

 

32,243

 

 

32,243

 

Asset backed securities

 

23,150

 

 

23,150

 

Corporate bonds

 

19,775

 

5,558

 

14,217

 

Total investment securities available for sale

 

226,867

 

28,929

 

197,938

 

Total assets at fair value

$

226,867

$

28,929

$

197,938

$

Cash flow hedge liability

$

730

 

$

730

 

Total liabilities at fair value

$

730

$

$

730

$

December 31, 2019

    

Total

    

Level 1

    

Level 2

    

Level 3

Investment securities available for sale

U.S. Government agencies

$

21,936

$

$

21,936

$

State, county and municipal

 

98,592

 

10,072

 

88,520

 

Mortgage backed securities

 

48,740

 

1,181

 

47,559

 

Asset backed securities

 

11,604

 

 

11,604

 

Corporate bonds

 

6,097

 

 

6,097

 

Total investment securities available for sale

 

186,969

 

11,253

 

175,716

 

Total assets at fair value

$

186,969

$

11,253

$

175,716

$

Cash flow hedge liability

44

 

$

44

 

Total liabilities at fair value

$

44

$

$

44

$

Assets and Liabilities Measured at Fair Value on Nonrecurring Basis

June 30, 2020

    

Total

    

Level 1

    

Level 2

    

Level 3

Impaired loans

$

3,795

$

$

$

3,795

Loans held for sale

396

 

 

396

 

Bank premises and equipment held for sale

 

1,589

 

 

 

1,589

Other real estate owned

 

4,486

 

 

 

4,486

Total assets at fair value

$

10,266

$

$

396

$

9,870

Total liabilities at fair value

$

$

$

$

December 31, 2019

    

Total

    

Level 1

    

Level 2

    

Level 3

Impaired loans

$

3,020

$

$

$

3,020

Loans held for sale

501

501

 

Bank premises and equipment held for sale

1,589

 

1,589

Other real estate owned

 

4,527

 

 

 

4,527

Total assets at fair value

$

9,637

$

$

501

$

9,136

Total liabilities at fair value

$

$

$

$

Summary of Fair Value of Financial Instruments

June 30, 2020

    

    

Estimated Fair

    

    

    

Carrying Value

Value

Level 1

Level 2

Level 3

Financial assets:

Securities held to maturity

$

24,169

$

25,282

$

$

25,282

$

Loans, net of allowance

 

1,153,072

 

1,164,016

 

 

 

1,164,016

PCI loans, net of allowance

 

29,351

 

36,997

 

 

 

36,997

Financial liabilities:

 

 

  

 

  

 

 

  

Interest bearing deposits

 

1,084,869

 

1,089,775

 

 

1,089,775

 

Borrowings

 

72,291

 

73,462

 

 

73,462

 

December 31, 2019

    

    

Estimated Fair

    

    

    

Carrying Value

Value

Level 1

Level 2

Level 3

Financial assets:

Securities held to maturity

$

35,733

$

36,633

$

$

36,633

$

Loans, net of allowance

 

1,049,894

 

1,041,671

 

 

 

1,041,671

PCI loans, net of allowance

 

32,372

 

38,982

 

 

 

38,982

Financial liabilities:

 

 

  

 

  

 

 

  

Interest bearing deposits

 

984,864

 

985,853

 

 

985,853

 

Borrowings

 

72,624

 

72,457

 

 

72,457