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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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 thousandsJune 30, 2021Level 1Level 2Level 3
Debt securities available for sale    
U.S. Government sponsored agencies$41,658 $— $41,658 $— 
Mortgage backed securities:    
Government sponsored agencies56,573 — 56,573 — 
Nongovernment sponsored entities17,596 — 17,596 — 
State and political subdivisions83,452 — 83,452 — 
Corporate debt securities33,850 — 33,850 — 
Asset-backed securities47,278 — 47,278 — 
Tax-exempt state and political subdivisions65,335 — 65,335 — 
Total debt securities available for sale$345,742 $— $345,742 $— 
Derivative financial assets
Interest rate caps$9,885 $— $9,885 $— 
Derivative financial liabilities    
Interest rate swaps$1,645 $— $1,645 $— 
 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 thousandsJune 30, 2021Level 1Level 2Level 3
Residential mortgage loans held for sale$1,783 $— $1,783 $— 
Collateral-dependent loans with an ACLL    
Commercial real estate$10,281 $— $9,835 $446 
Construction and development318 — 318 — 
Residential real estate551 — 303 248 
Total collateral-dependent loans with an ACLL$11,150 $— $10,456 $694 
Property held for sale    
Commercial real estate$1,557 $— $1,557 $— 
Construction and development10,005 — 9,511 494 
Residential real estate187 — 187 — 
Total property held for sale$11,749 $— $11,255 $494 

 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:
 June 30, 2021Fair Value Measurements Using:
Dollars in thousandsCarrying
Value
Estimated
Fair
Value
Level 1Level 2Level 3
Financial assets    
Cash and cash equivalents$194,989 $194,989 $— $194,989 $— 
Debt securities available for sale345,742 345,742 — 345,742 — 
Debt securities held to maturity98,995 102,388 — 102,388 — 
Other investments10,661 10,661 — 10,661 — 
Loans held for sale, net1,783 1,783 — 1,783 — 
Loans, net2,395,885 2,385,591 — 10,456 2,375,135 
Accrued interest receivable10,397 10,397 — 10,397 — 
     Cash surrender value of life insurance policies and annuities60,087 60,087 — 60,087 — 
Derivative financial assets9,885 9,885 — 9,885 — 
 $3,128,424 $3,121,523 $— $746,388 $2,375,135 
Financial liabilities    
Deposits$2,729,205 $2,724,786 $— $2,724,786 $— 
Short-term borrowings140,146 140,146 — 140,146 — 
Long-term borrowings689 834 — 834 — 
Subordinated debentures29,432 29,432 — 29,432 — 
Subordinated debentures owed to unconsolidated
  subsidiary trusts
19,589 19,589 — 19,589 — 
Accrued interest payable568 568 — 568 — 
Derivative financial liabilities1,645 1,645 — 1,645 — 
 $2,921,274 $2,917,000 $— $2,917,000 $— 
 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 $—