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Fair Value (Tables)
 12 Months Ended
Dec. 31, 2018
Fair Value [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
Assets and liabilities measured at fair value under ASC 820 on a recurring basis are summarized below:

  
Fair Value Measurements at
December 31, 2018 Using:
 
(dollars in thousands)
 
Carrying
Value
  
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
  
Significant
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
             
Securities available for sale:
            
U.S. government sponsored enterprises
 
$
152,160
  
$
-
  
$
152,160
  
$
-
 
State and political subdivisions
  
173
   
-
   
173
   
-
 
Mortgage backed securities and collateralized mortgage obligations - residential
  
262,032
   
-
   
262,032
   
-
 
Corporate bonds
  
29,938
   
-
   
29,938
   
-
 
Small Business Administration - guaranteed participation securities
  
56,475
   
-
   
56,475
   
-
 
Other
  
685
   
-
   
685
   
-
 
                 
Total securities available for sale
 
$
501,463
  
$
-
  
$
501,463
  
$
-
 

  
Fair Value Measurements at
December 31, 2017 Using:
 
(dollars in thousands)
 
Carrying
Value
  
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
  
Significant
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
             
Securities available for sale:
            
U.S. government sponsored enterprises
 
$
137,851
  
$
-
  
$
137,851
  
$
-
 
State and political subdivisions
  
525
   
-
   
525
   
-
 
Mortgage backed securities and collateralized mortgage obligations - residential
  
315,983
   
-
   
315,983
   
-
 
Corporate bonds
  
40,162
   
-
   
40,162
   
-
 
Small Business Administration - guaranteed participation securities
  
67,059
   
-
   
67,059
   
-
 
Mortgage backed securities and collateralized mortgage obligations - commercial
  
9,700
   
-
   
9,700
   
-
 
Other
  
685
   
35
   
650
   
-
 
                 
Total securities available for sale
 
$
571,965
  
$
35
  
$
571,930
  
$
-
 
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 at
December 31, 2018 Using:
       
(dollars in thousands)
 
Carrying
Value
  
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
  
Significant
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
Valuation technique
 
Unobservable inputs
 
Range (Weighted Average)
 
                   
Other real estate owned
 
$
1,675
  
$
-
  
$
-
  
$
1,675
 
Sales comparison approach
 
Adjustments for differences between comparable sales
  
1% - 14% (7
%)
                        

    
Impaired loans:
                       
Real estate mortgage - 1 to 4 family
  
459
   
-
   
-
   
459
 
Sales comparison approach
 
Adjustments for differences between comparable sales
  
5% - 14% (10
%)

  
Fair Value Measurements at
December 31, 2017 Using:
       
(dollars in thousands)
 
Carrying
Value
  
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
  
Significant
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
Valuation technique
 
Unobservable inputs
 
Range (Weighted Average)
 
                   
Other real estate owned
 
$
3,246
  
$
-
  
$
-
  
$
3,246
 
Sales comparison approach
 
Adjustments for differences between comparable sales
  
1% - 14% (7
%)
                 

 

    
Impaired loans:
                       
Real estate mortgage - 1 to 4 family
  
844
   
-
   
-
   
844
 
Sales comparison approach
 
Adjustments for differences between comparable sales
  
5% - 14% (10
%)
Carrying Amounts and Estimated Fair Values of Financial Instruments
In accordance with ASC 825, the carrying amounts and estimated fair values (exit price) of financial instruments at December 31, 2018 and 2017 are as follows:

(dollars in thousands)
 
Carrying
  
Fair Value Measurements at
December 31, 2018 Using:
 
  
Value
  
Level 1
  
Level 2
  
Level 3
  
Total
 
Financial assets:
               
Cash and cash equivalents
 
$
503,709
   
503,709
   
-
   
-
   
503,709
 
Securities available for sale
  
501,463
   
-
   
501,463
   
-
   
501,463
 
Held to maturity securities
  
22,501
   
-
   
22,924
   
-
   
22,924
 
Federal Reserve Bank and Federal Home Loan Bank stock
  
8,953
   
N/A
   
N/A
   
N/A
   
N/A
 
Net loans
  
3,829,330
   
-
   
-
   
3,753,966
   
3,753,966
 
Accrued interest receivable
  
11,341
   
353
   
2,371
   
8,617
   
11,341
 
Financial liabilities:
                    
Demand deposits
  
405,069
   
405,069
   
-
   
-
   
405,069
 
Interest bearing deposits
  
3,869,178
   
2,594,672
   
1,264,772
   
-
   
3,859,444
 
Short-term borrowings
  
161,893
   
-
   
161,893
   
-
   
161,893
 
Accrued interest payable
  
1,024
   
104
   
920
   
-
   
1,024
 
                     

(dollars in thousands)
 
Carrying
  
Fair Value Measurements at
December 31, 2017 Using:
 
  
Value
  
Level 1
  
Level 2
  
Level 3
  
Total
 
Financial assets:
               
Cash and cash equivalents
 
$
612,740
   
612,740
   
-
   
-
   
612,740
 
Securities available for sale
  
571,965
   
35
   
571,930
   
-
   
571,965
 
Held to maturity securities
  
27,551
   
-
   
28,701
   
-
   
28,701
 
Federal Reserve Bank and Federal Home Loan Bank stock
  8,779
   N/A
             
Net loans
  3,592,237   -   
N/A
   
N/A
   
N/A
 
Accrued interest receivable
  11,441   243   
-
   
3,598,213
   
3,598,213
 
Financial liabilities:
  
   
   
2,440
   
8,758
   
11,441
 
Demand deposits
  398,399
   398,399
   -
   -
   398,399
 
Interest bearing deposits
  3,774,927   2,707,961   1,076,213   -   3,784,174 
Short-term borrowings
  242,991   -   242,991   
-
   242,991 
Accrued interest payable
  537   77   460   
-
   537