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FAIR VALUES OF FINANCIAL INSTRUMENTS: (Tables)
 12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value The fair value of derivatives is based on valuation models using observable market data as of the measurement date (Level 2 inputs). 
December 31, 2020
Fair Value Measurement Using
(Dollar amounts in thousands)Level 1Level 2Level 3Carrying Value
U.S. Government entity mortgage-backed securities$— $97,814 $— $97,814 
Mortgage-backed securities, residential— 355,121 — 355,121 
Mortgage-backed securities, commercial— 18,490 — 18,490 
Collateralized mortgage obligations— 214,160 — 214,160 
State and municipal obligations— 304,236 1,895 306,131 
Municipal taxable— 23,139 — 23,139 
U.S. Treasury— 2,753 — 2,753 
Collateralized debt obligations— — 3,136 3,136 
TOTAL$— $1,015,713 $5,031 $1,020,744 
Derivative Assets $2,465   
Derivative Liabilities (2,465)  

December 31, 2019
Fair Value Measurement Using
(Dollar amounts in thousands)Level 1Level 2Level 3Carrying Value
U.S. Government entity mortgage-backed securities$— $103,633 $— $103,633 
Mortgage-backed securities, residential— 243,382 — 243,382 
Mortgage-backed securities, commercial— 22,104 — 22,104 
Collateralized mortgage obligations— 281,311 — 281,311 
State and municipal obligations— 261,869 2,565 264,434 
Municipal taxable— 730 — 730 
U.S. Treasury— 7,504 — 7,504 
Collateralized debt obligations— — 3,619 3,619 
TOTAL$— $920,533 $6,184 $926,717 
Derivative Assets $828   
Derivative Liabilities (828)  
Roll forward of financial instruments having fair value measurements using significant unobservable inputs (Level 3)
The table below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the twelve months ended December 31, 2020 and 2019.
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
December 31, 2020
State and municipal obligationsCollateralized debt obligationsTotal
Beginning balance, January 1$2,565 $3,619 $6,184 
Total realized/unrealized gains or losses   
Included in earnings— — — 
Included in other comprehensive income— (483)(483)
Purchases— — — 
Settlements(670)— (670)
Ending balance, December 31$1,895 $3,136 $5,031 
 
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
December 31, 2019
State and
municipal
obligations		Collateralized
debt obligations		Total
Beginning balance, January 1$3,135 $3,258 $6,393 
Total realized/unrealized gains or losses   
Included in earnings— — — 
Included in other comprehensive income— 498 498 
Transfers — — — 
Settlements(570)(137)(707)
Ending balance, December 31$2,565 $3,619 $6,184 
Quantitative information about recurring and non-recurring Level 3
The following tables present quantitative information about recurring and non-recurring Level 3 fair value measurements at December 31, 2020 and 2019.
2020Fair ValueValuation Technique(s)Unobservable Input(s)Range
State and municipal obligations$1,895 Discounted cash flowDiscount rate
3.41%-4.44%
   Probability of default— %
Other real estate$1,012 Sales comparison/income approachDiscount rate for age of appraisal and market conditions
5.00%-20.00%
Collateral dependent loans$6,581 Discounted cash flowsDiscount rate for age of appraisal and market conditions
 0.00%-50.00%
2019Fair ValueValuation Technique(s)Unobservable Input(s)Range
State and municipal obligations$2,565 Discounted cash flowDiscount rate
2.87%-4.44%
   Probability of default— %
Other real estate$3,625 Sales comparison/income approachDiscount rate for age of appraisal and market conditions
5.00%-20.00%
Impaired Loans$100 Sales comparison/income approachDiscount rate for age of appraisal and market conditions
 0.00%-50.00%
Schedule of loans identified as impaired by class of loans
The following table presents impaired collateral dependent loans measured at fair value on a non-recurring basis by class of loans as of December 31, 2019. 
 December 31, 2019
(Dollar amounts in thousands)Carrying ValueAllowance
for Loan
Losses
Allocated		Fair Value
Commercial   
Commercial & Industrial$148 $48 $100 
Farmland— — — 
Non Farm, Non Residential— — — 
Agriculture— — — 
All Other Commercial— — — 
Residential   
First Liens— — — 
Home Equity— — — 
Junior Liens— — — 
Multifamily— — — 
All Other Residential— — — 
Consumer   
Motor Vehicle— — — 
All Other Consumer— — — 
TOTAL$148 $48 $100 
Schedule of carrying amount and estimated fair value of financial instruments
The carrying amount and estimated fair value of assets and liabilities are presented in the tables below and were determined based on the above assumptions:
 
 December 31, 2020
 CarryingFair Value 
(Dollar amounts in thousands)ValueLevel 1Level 2Level 3Total
Cash and due from banks$657,470 $25,645 $631,825 $— $657,470 
Securities available-for-sale1,020,744 — 1,015,713 5,031 1,020,744 
Restricted stock14,812 n/an/an/an/a
Loans, net2,563,242 — — 2,560,683 2,560,683 
Accrued interest receivable16,957 — 3,521 13,436 16,957 
Deposits(3,755,945)— (3,763,358)— (3,763,358)
Short-term borrowings(116,061)— (116,061)— (116,061)
Other borrowings(5,859)— (6,297)— (6,297)
Accrued interest payable(1,033)— (1,033)— (1,033)
 
 December 31, 2019
 CarryingFair Value 
(Dollar amounts in thousands)ValueLevel 1Level 2Level 3Total
Cash and due from banks$127,426 $26,275 $101,151 $— $127,426 
Securities available-for-sale926,717 — 920,533 6,184 926,717 
Restricted stock15,394 n/an/an/an/a
Loans, net2,636,447 — — 2,648,692 2,648,692 
Accrued interest receivable18,523 — 3,583 14,940 18,523 
Deposits(3,275,357)— (3,278,099)— (3,278,099)
Short-term borrowings(80,119)— (80,119)— (80,119)
Other borrowings(30,973)— (31,143)— (31,143)
Accrued interest payable(1,739)— (1,739)— (1,739)