FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of assets measured at fair value on a recurring basis

Assets measured at fair value on a recurring basis are summarized below:

			Fair Value Measurements Using
					Significant
			Quoted Prices in		Other		Significant
			Active Markets for		Observable		Unobservable
	Total at		Identical Assets		Inputs		Inputs
(dollars in thousands)	March 31, 2022		(Level 1)		(Level 2)		(Level 3)
Available-for-sale securities
Residential government-sponsored mortgage-backed securities	$	120,750	$	—	$	120,750	$	—
Obligations of states and political subdivisions		33,036		—		33,036		—
Corporate securities		16,123		—		16,123		—
Collateralized loan obligations		4,978		—		4,978		—
Residential government-sponsored collateralized mortgage obligations		22,568		—		22,568		—
Government-sponsored agency securities		16,253		—		16,253		—
Agency commercial mortgage-backed securities		50,115		—		50,115		—
SBA pool securities		7,803		—		7,803		—
Total	$	271,626	$	—	$	271,626	$	—

			Fair Value Measurements Using
					Significant
			Quoted Prices in		Other		Significant
			Active Markets for		Observable		Unobservable
	Total at		Identical Assets		Inputs		Inputs
(dollars in thousands)	December 31, 2021		(Level 1)		(Level 2)		(Level 3)
Available-for-sale securities
Residential government-sponsored mortgage-backed securities	$	122,610	$	—	$	122,610	$	—
Obligations of states and political subdivisions		31,231		—		31,231		—
Corporate securities		13,685		—		13,685		—
Collateralized loan obligations		5,010		—		5,010		—
Residential government-sponsored collateralized mortgage obligations		19,807		—		19,807		—
Government-sponsored agency securities		17,488		—		17,488		—
Agency commercial mortgage-backed securities		52,667		—		52,667		—
SBA pool securities		8,834		—		8,834		—
Total	$	271,332	$	—	$	271,332	$	—

Schedule of assets measured at fair value on non recurring basis

Assets measured at fair value on a non-recurring basis are summarized below:

			Fair Value Measurements Using
					Significant
			Quoted Prices in		Other		Significant
			Active Markets for		Observable		Unobservable
	Total at		Identical Assets		Inputs		Inputs
(dollars in thousands)	March 31, 2022		(Level 1)		(Level 2)		(Level 3)
Collateral dependent loans	$	30,868	$	—	$	—	$	30,868
Other real estate owned:
Construction and land development		266		—		—		266
Residential 1-4 family		775		—		—		775

			Fair Value Measurements Using
					Significant
			Quoted Prices in		Other		Significant
			Active Markets for		Observable		Unobservable
	Total at		Identical Assets		Inputs		Inputs
(dollars in thousands)	December 31, 2021		(Level 1)		(Level 2)		(Level 3)
Collateral dependent loans	$	44,331	$	—	$	—	$	44,331
Other real estate owned:
Construction and land development		266		—		—		266
Residential 1-4 family		897		—		—		897

Schedule of estimated fair values and fair value hierarchy levels of financial instruments

The carrying amount, estimated fair values and fair value hierarchy levels (previously defined) of financial instruments were as follows (in thousands) for the periods indicated:

		March 31, 2022				December 31, 2021
	Fair Value	Carrying		Fair		Carrying		Fair
	Hierarchy Level	Amount		Value		Amount		Value
Financial assets:
Cash and cash equivalents	Level 1	$	298,230	$	298,230	$	530,167	$	530,167
Securities available-for-sale	Level 2		271,626		271,626		271,332		271,332
Securities held-to-maturity	Level 2		16,138		15,927		22,940		23,364
Stock in Federal Reserve Bank and Federal Home Loan Bank	Level 2		11,927		11,927		15,521		15,521
Net loans	Level 3		2,364,290		2,320,024		2,310,881		2,278,456
Financial liabilities:
Demand deposits and NOW accounts	Level 2	$	1,289,917	$	1,289,917	$	1,380,020	$	1,380,020
Money market and savings accounts	Level 2		1,056,871		1,056,871		1,022,621		1,022,621
Time deposits	Level 3		339,456		340,949		360,575		362,902
Securities sold under agreements to repurchase	Level 1		11,231		11,231		9,962		9,962
FHLB advances	Level 1		—		—		100,000		100,000
Junior subordinated debt	Level 2		9,743		10,692		9,731		10,367
Senior subordinated notes	Level 2		85,356		89,522		85,297		91,141