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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2021
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 atFair Value Measurements Using:
Dollars in thousandsMarch 31, 2021Level 1Level 2Level 3
Debt securities available for sale    
U.S. Government sponsored agencies$43,452 $— $43,452 $— 
Mortgage backed securities:    
Government sponsored agencies61,074 — 61,074 — 
Nongovernment sponsored entities18,491 — 18,491 — 
State and political subdivisions64,795 — 64,795 — 
Corporate debt securities29,658 — 29,658 — 
Asset-backed securities48,021 — 48,021 — 
Tax-exempt state and political subdivisions45,893 — 45,893 — 
Total debt securities available for sale$311,384 $— $311,384 $— 
Derivative financial assets
Interest rate caps$13,923 $— $13,923 $— 
Derivative financial liabilities    
Interest rate swaps$1,799 $— $1,799 $— 
 Balance atFair Value Measurements Using:
Dollars in thousandsDecember 31, 2020Level 1Level 2Level 3
Debt securities available for sale    
U.S. Government sponsored agencies$35,157 $— $35,157 $— 
Mortgage backed securities:    
Government sponsored agencies59,046 — 59,046 — 
Nongovernment sponsored entities16,687 — 16,687 — 
State and political subdivisions50,905 — 50,905 — 
Corporate debt securities26,427 — 26,427 — 
Asset-backed securities46,126 — 46,126 — 
Tax-exempt state and political subdivisions51,779 — 51,779 — 
Total debt securities available for sale$286,127 $— $286,127 $— 
Derivative financial assets
Interest rate caps$6,653 $— $6,653 $— 
Derivative financial liabilities    
Interest rate swaps$2,747 $— $2,747 $— 
Fair Value Measurements, Nonrecurring Assets measured at fair value on a nonrecurring basis are included in the table below.
 Balance atFair Value Measurements Using:
Dollars in thousandsMarch 31, 2021Level 1Level 2Level 3
Residential mortgage loans held for sale$3,083 $— $3,083 $— 
Collateral-dependent loans with an ACLL    
Commercial real estate$11,333 $— $9,836 $1,497 
Construction and development2,090 — 1,697 393 
Residential real estate1,135 — 72 1,063 
Total collateral-dependent loans with an ACLL$14,558 $— $11,605 $2,953 
Property held for sale    
Commercial real estate$1,557 $— $1,557 $— 
Construction and development11,013 — 10,503 510 
Residential real estate223 — 223 — 
Total property held for sale$12,793 $— $12,283 $510 
 Balance atFair Value Measurements Using:
Dollars in thousandsDecember 31, 2020Level 1Level 2Level 3
Residential mortgage loans held for sale$1,998 $— $1,998 $— 
Collateral-dependent impaired loans    
Commercial$$— $$— 
Commercial real estate9,914 — 9,914 — 
Construction and development1,576 — 1,576 — 
Residential real estate597 — 597 — 
Total collateral-dependent impaired loans$12,095 $— $12,095 $— 
Property held for sale    
Commercial real estate$1,557 $— $1,557 $— 
Construction and development11,595 — 10,974 621 
Residential real estate476 — 476 — 
Total property held for sale$13,628 $— $13,007 $621 
Fair Value, by Balance Sheet Grouping
The carrying values and estimated fair values of our financial instruments are summarized below:
 March 31, 2021Fair Value Measurements Using:
Dollars in thousandsCarrying
Value
Estimated
Fair
Value
Level 1Level 2Level 3
Financial assets    
Cash and cash equivalents$176,597 $176,597 $— $176,597 $— 
Debt securities available for sale311,384 311,384 — 311,384 — 
Debt securities held to maturity99,457 100,354 — 100,354 — 
Other investments10,776 10,776 — 10,776 — 
Loans held for sale, net3,083 3,083 — 3,083 — 
Loans, net2,418,029 2,408,948 — 11,605 2,397,343 
Accrued interest receivable10,654 10,654 — 10,654 — 
     Cash surrender value of life insurance policies and annuities59,740 59,740 — 59,740 — 
Derivative financial assets13,923 13,923 — 13,923 — 
 $3,103,643 $3,095,459 $— $698,116 $2,397,343 
Financial liabilities    
Deposits$2,725,010 $2,718,006 $— $2,718,006 $— 
Short-term borrowings140,145 140,145 — 140,145 — 
Long-term borrowings694 845 — 845 — 
Subordinated debentures29,398 29,398 — 29,398 — 
Subordinated debentures owed to unconsolidated
  subsidiary trusts
19,589 19,589 — 19,589 — 
Accrued interest payable692 692 — 692 — 
Derivative financial liabilities1,799 1,799 — 1,799 — 
 $2,917,327 $2,910,474 $— $2,910,474 $— 
 December 31, 2020Fair Value Measurements Using:
Dollars in thousandsCarrying
Value
Estimated
Fair
Value
Level 1Level 2Level 3
Financial assets    
Cash and cash equivalents$99,787 $99,787 $— $99,787 $— 
Debt securities available for sale286,127 286,127 — 286,127 — 
Debt securities held to maturity99,914 103,157 — 103,157 — 
Other investments14,185 14,185 — 14,185 — 
Loans held for sale, net1,998 1,998 — 1,998 — 
Loans, net2,379,907 2,384,275 — 12,095 2,372,180 
Accrued interest receivable11,989 11,989 — 11,989 — 
Cash surrender value of life insurance policies59,438 59,438 — 59,438 — 
Derivative financial assets6,653 6,653 — 6,653 — 
 $2,959,998 $2,967,609 $— $595,429 $2,372,180 
Financial liabilities    
Deposits$2,595,651 $2,597,326 $— $2,597,326 $— 
Short-term borrowings140,146 140,146 — 140,146 — 
Long-term borrowings699 866 — 866 — 
Subordinated debentures29,364 29,364 — 29,364 — 
Subordinated debentures owed to unconsolidated
  subsidiary trusts
19,589 19,589 — 19,589 — 
Accrued interest payable745 745 — 745 — 
Derivative financial liabilities2,747 2,747 — 2,747 — 
 $2,788,941 $2,790,783 $— $2,790,783 $—