Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

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

The tables below present 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, 2016		Level 1		Level 2		Level 3
Available for sale securities
U.S. Government sponsored agencies	$	15,174	$	—	$	15,174	$	—
Mortgage backed securities:
Government sponsored agencies	138,846		—		138,846		—
Nongovernment sponsored entities	4,653		—		4,653		—
Corporate debt securities	18,170		—		18,170		—
Other equity securities	137		—		137		—
Tax-exempt state and political subdivisions	89,562		—		89,562		—
Total available for sale securities	$	266,542	$	—	$	266,542	$	—
Derivative financial assets
Interest rate swaps	$	200	$	—	$	200	$	—
Derivative financial liabilities
Interest rate swaps	$	4,611	$	—	$	4,611	$	—

	Balance at		Fair Value Measurements Using:
Dollars in thousands	December 31, 2015		Level 1		Level 2		Level 3
Available for sale securities
U.S. Government sponsored agencies	$	21,475	$	—	$	21,475	$	—
Mortgage backed securities:
Government sponsored agencies	146,734		—		146,734		—
Nongovernment sponsored entities	7,885		—		7,885		—
State and political subdivisions	1,953		—		1,953		—
Corporate debt securities	14,226		—		14,226		—
Other equity securities	77		—		77		—
Tax-exempt state and political subdivisions	88,442		—		88,442		—
Total available for sale securities	$	280,792	$	—	$	280,792	$	—
Derivative financial assets
Interest rate swaps	$	94	$	—	$	94	$	—
Derivative financial liabilities
Interest rate swaps	$	5,166	$	—	$	5,166	$	—

Fair Value Measurements, Nonrecurring

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

	Balance at		Fair Value Measurements Using:
Dollars in thousands	December 31, 2016		Level 1		Level 2		Level 3
Residential mortgage loans held for sale	$	176	$	—	$	176	$	—
Collateral-dependent impaired loans
Construction and development	$	945	$	—	$	945	$	—
Residential real estate	130		—		130		—
Total collateral-dependent impaired loans	$	1,075	$	—	$	1,075	$	—
Property held for sale
Commercial real estate	$	976	$	—	$	976	$	—
Construction and development	19,327		—		19,327		—
Residential real estate	279		—		279		—
Total property held for sale	$	20,582	$	—	$	20,582	$	—

	Balance at		Fair Value Measurements Using:
Dollars in thousands	December 31, 2015		Level 1		Level 2		Level 3
Residential mortgage loans held for sale	$	779	$	—	$	779	$	—
Collateral-dependent impaired loans
Commercial real estate	$	627	$	—	$	—	$	627
Construction and development	1,054		—		—		1,054
Residential real estate	279		—		279		—
Total collateral-dependent impaired loans	$	1,960	$	—	$	279	$	1,681
Property held for sale
Commercial real estate	$	1,103	$	—	$	1,103	$	—
Construction and development	18,477		—		18,419		58
Residential real estate	314		—		314		—
Total property held for sale	$	19,894	$	—	$	19,836	$	58

Fair Value, by Balance Sheet Grouping

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

	At December 31
	2016				Fair Value Measurements Using:
Dollars in thousands	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	46,616	$	46,616	$	—	$	46,616	$	—
Securities available for sale	266,542		266,542		—		266,542		—
Other investments	12,942		12,942		—		12,942		—
Loans held for sale, net	176		176		—		176		—
Loans, net	1,307,862		1,321,235		—		1,075		1,320,160
Accrued interest receivable	6,167		6,167		—		6,167		—
Derivative financial assets	200		200		—		200		—
	$	1,640,505	$	1,653,878	$	—	$	333,718	$	1,320,160
Financial liabilities
Deposits	$	1,295,519	$	1,309,820	$	—	$	1,309,820	$	—
Short-term borrowings	224,461		224,461		—		224,461		—
Long-term borrowings	46,670		49,013		—		49,013		—
Subordinated debentures owed to unconsolidated subsidiary trusts	19,589		19,589		—		19,589		—
Accrued interest payable	736		736		—		736		—
Derivative financial liabilities	4,611		4,611		—		4,611		—
	$	1,591,586	$	1,608,230	$	—	$	1,608,230	$	—

	At December 31
		2015				Fair Value Measurements Using:
Dollars in thousands		Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents		$	9,487	$	9,487	$	—	$	9,487	$	—
Securities available for sale		280,792		280,792		—		280,792		—
Other investments		8,949		8,949		—		8,949		—
Loans held for sale, net		779		779		—		779		—
Loans, net		1,079,331		1,084,955		—		279		1,084,676
Accrued interest receivable		5,544		5,544		—		5,544		—
Derivative financial assets		94		94		—		94		—
		$	1,384,976	$	1,390,600	$	—	$	305,924	$	1,084,676
Financial liabilities
Deposits		$	1,066,709	$	1,077,510	$	—	$	1,077,510	$	—
Short-term borrowings		171,394		171,394		—		171,394		—
Long-term borrowings		75,581		80,506		—		80,506		—
Subordinated debentures owed to unconsolidated subsidiary trusts		19,589		19,589		—		19,589		—
Accrued interest payable		826		826		—		826		—
Derivative financial liabilities		5,166		5,166		—		5,166		—
		$	1,339,265	$	1,354,991	$	—	$	1,354,991	$	—