Fair Value Presentation (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Schedule of assets measured on a recurring basis

The following tables provide the fair market value for assets required to be measured and reported at fair value on a recurring basis on the Consolidated Balance Sheets as of June 30, 2018, and December 31, 2017, by level within the fair value hierarchy. As required by U.S. generally accepted accounting principles, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

ASSETS MEASURED ON A RECURRING BASIS

(DOLLARS IN THOUSANDS)        

	June 30, 2018
	Level I		Level II		Level III		Total
	$		$		$		$
U.S. government agencies		—		33,699		—		33,699
U.S. agency mortgage-backed securities		—		46,103		—		46,103
U.S. agency collateralized mortgage obligations		—		56,271		—		56,271
Asset-backed securities		—		7,736		—		7,736
Corporate bonds		—		61,352		—		61,352
Obligations of states & political subdivisions		—		102,092		—		102,092
Equity securities		5,737		—		—		5,737
Total securities		5,737		307,253		—		312,990

ASSETS MEASURED ON A RECURRING BASIS
(DOLLARS IN THOUSANDS)
	December 31, 2017
	Level I		Level II		Level III		Total
	$		$		$		$
U.S. government agencies		—		34,352		—		34,352
U.S. agency mortgage-backed securities		—		52,073		—		52,073
U.S. agency collateralized mortgage obligations		—		54,641		—		54,641
Corporate bonds		—		60,769		—		60,769
Obligations of states & political subdivisions		—		112,243		—		112,243
Equity securities		5,583		—		—		5,583
Total securities		5,583		314,078		—		319,661

Schedule of assets measured on a nonrecurring basis

The following tables provide the fair value for each class of assets required to be measured and reported at fair value on a nonrecurring basis on the Consolidated Balance Sheets as of June 30, 2018 and December 31, 2017, by level within the fair value hierarchy:

ASSETS MEASURED ON A NONRECURRING BASIS

(Dollars in Thousands)

	June 30, 2018
	Level I $		Level II $		Level III $		Total $
Assets:
Impaired Loans		—		—		2,086		2,086
Total		—		—		2,086		2,086

	December 31, 2017
	Level I $		Level II $		Level III $		Total $
Assets:
Impaired Loans		—		—		1,812		1,812
Total		—		—		1,812		1,812

Schedule of Level III inputs

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Corporation has utilized level III inputs to determine fair value:

QUANTITATIVE INFORMATION ABOUT LEVEL III FAIR VALUE MEASUREMENTS
(DOLLARS IN THOUSANDS)
	June 30, 2018
	Fair Value	Valuation	Unobservable	Range
	Estimate	Techniques	Input	(Weighted Avg)
Impaired loans	2,086	Appraisal of	Appraisal	-20% (-20%)
		collateral (1)	adjustments (2)
			Liquidation	-10% (-10%)
			expenses (2)
	December 31, 2017
	Fair Value	Valuation	Unobservable	Range
	Estimate	Techniques	Input	(Weighted Avg)
Impaired loans	1,812	Appraisal of	Appraisal	-20% (-20%)
		collateral (1)	adjustments (2)
			Liquidation	-10% (-10%)
			expenses (2)

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level III inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.  The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.