Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis.

	Balance at		Fair Value Measurements Using:
Dollars in thousands	December 31, 2014		Level 1		Level 2		Level 3
Available for sale securities
U.S. Government sponsored agencies	$	23,174	$	—	$	23,174	$	—
Mortgage backed securities:
Government sponsored agencies	149,777		—		149,777		—
Nongovernment sponsored entities	12,145		—		12,145		—
State and political subdivisions	8,694		—		8,694		—
Corporate debt securities	3,776		—		—		3,776
Other equity securities	7		—		7		—
Tax-exempt state and political subdivisions	85,261		—		85,261		—
Total available for sale securities	$	282,834	$	—	$	279,058	$	3,776
Derivative financial liabilities
Interest rate swaps	$	2,911	$	—	$	2,911	$	—

	Balance at		Fair Value Measurements Using:
Dollars in thousands	December 31, 2013		Level 1		Level 2		Level 3
Available for sale securities
U.S. Government sponsored agencies	$	29,657	$	—	$	29,657	$	—
Mortgage backed securities:
Government sponsored agencies	155,716		—		155,716		—
Nongovernment sponsored entities	11,819		—		11,819		—
State and political subdivisions	15,870		—		15,870		—
Corporate debt securities	3,966		—		3,966		—
Other equity securities	77		—		77		—
Tax-exempt state and political subdivisions	71,675		—		71,675		—
Total available for sale securities	$	288,780	$	—	$	288,780	$	—
Derivative financial assets
Interest rate swaps	$	803	$	—	$	803	$	—

Fair Value Measurements, Nonrecurring

Assets measured at fair value on a nonrecurring basis are included in the table below.

	Balance at		Fair Value Measurements Using:
Dollars in thousands	December 31, 2014		Level 1		Level 2		Level 3
Residential mortgage loans held for sale	$	527	$	—	$	527	$	—
Collateral-dependent impaired loans
Commercial	$	44	$	—	$	—	$	44
Commercial real estate	344		—		344		—
Construction and development	852		—		852		—
Residential real estate	312		—		312		—
Total collateral-dependent impaired loans	$	1,552	$	—	$	1,508	$	44
Foreclosed properties
Commercial real estate	$	3,892	$	—	$	3,892	$	—
Construction and development	20,952		—		20,841		111
Residential real estate	2,025		—		2,025		—
Total foreclosed properties	$	26,869	$	—	$	26,758	$	111

	Balance at		Fair Value Measurements Using:
Dollars in thousands	December 31, 2013		Level 1		Level 2		Level 3
Residential mortgage loans held for sale	$	321	$	—	$	321	$	—
Collateral-dependent impaired loans
Commercial	$	450	—		$	60	$	390
Commercial real estate	4,390		—		1,538		2,852
Construction and development	7,346		—		6,430		916
Residential real estate	3,099		—		848		2,251
Consumer	7		—		3		4
Total collateral-dependent impaired loans	$	15,292	$	—	$	8,879	$	6,413
Foreclosed properties
Commercial real estate	$	7,997	$	—	$	7,997	$	—
Construction and development	22,982		—		21,365		1,617
Residential real estate	2,854		—		2,854		—
Total foreclosed properties	$	33,833	$	—	$	32,216	$	1,617

Fair Value, by Balance Sheet Grouping

The carrying values and estimated fair values of our financial instruments are summarized below:

	At December 31,
	2014				2013
Dollars in thousands	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Financial assets
Cash and cash equivalents	$	12,510	$	12,510	$	11,782	$	11,782
Securities available for sale	282,834		282,834		288,780		288,780
Other investments	6,183		6,183		7,815		7,815
Loans held for sale, net	527		527		321		321
Loans, net	1,019,842		1,033,890		937,070		952,592
Accrued interest receivable	5,838		5,838		5,669		5,669
Derivative financial assets	—		—		803		803
	$	1,327,734	$	1,341,782	$	1,252,240	$	1,267,762
Financial liabilities
Deposits	$	1,061,314	$	1,078,406	$	1,003,812	$	1,029,606
Short-term borrowings	123,633		123,633		62,769		62,769
Long-term borrowings	77,490		84,732		163,516		173,863
Subordinated debentures	16,800		16,800		16,800		16,800
Subordinated debentures owed to unconsolidated subsidiary trusts	19,589		19,589		19,589		19,589
Accrued interest payable	812		812		1,433		1,433
Derivative financial liabilities	2,911		2,911		—		—
	$	1,302,549	$	1,326,883	$	1,267,919	$	1,304,060