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Fair Value Measurements (Tables)
9 Months Ended
Sep. 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 thousandsSeptember 30, 2021Level 1Level 2Level 3
Debt securities available for sale    
U.S. Government sponsored agencies$38,510 $— $38,510 $— 
Mortgage backed securities:    
Government sponsored agencies63,328 — 63,328 — 
Nongovernment sponsored entities19,906 — 19,906 — 
State and political subdivisions147,189 — 147,189 — 
Corporate debt securities30,837 — 30,837 — 
Asset-backed securities46,492 — 46,492 — 
Tax-exempt state and political subdivisions78,479 — 78,479 — 
Total debt securities available for sale$424,741 $— $424,741 $— 
Derivative financial assets
Interest rate caps$10,380 $— $10,380 $— 
Derivative financial liabilities    
Interest rate swaps$1,349 $— $1,349 $— 
 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 thousandsSeptember 30, 2021Level 1Level 2Level 3
Residential mortgage loans held for sale$1,393 $— $1,393 $— 
Collateral-dependent loans with an ACLL    
Commercial real estate$2,417 $— $2,417 $— 
Construction and development318 — 318 — 
Residential real estate526 — 304 222 
Total collateral-dependent loans with an ACLL$3,261 $— $3,039 $222 
Property held for sale    
Commercial real estate$1,548 $— $1,548 $— 
Construction and development9,636 — 9,142 494 
Residential real estate27 — 27 — 
Total property held for sale$11,211 $— $10,717 $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:
 September 30, 2021Fair Value Measurements Using:
Dollars in thousandsCarrying
Value
Estimated
Fair
Value
Level 1Level 2Level 3
Financial assets    
Cash and cash equivalents$211,109 $211,109 $— $211,109 $— 
Debt securities available for sale424,741 424,741 — 424,741 — 
Debt securities held to maturity98,528 100,793 — 100,793 — 
Other investments10,649 10,649 — 10,649 — 
Loans held for sale, net1,393 1,393 — 1,393 — 
Loans, net2,521,704 2,519,969 — 3,039 2,516,930 
Accrued interest receivable10,484 10,484 — 10,484 — 
     Cash surrender value of life insurance policies and annuities60,241 60,241 — 60,241 — 
Derivative financial assets10,380 10,380 — 10,380 — 
 $3,349,229 $3,349,759 $— $832,829 $2,516,930 
Financial liabilities    
Deposits$2,955,940 $2,956,162 $— $2,956,162 $— 
Short-term borrowings140,146 140,146 — 140,146 — 
Long-term borrowings684 820 — 820 — 
Subordinated debentures29,466 31,719 — — 31,719 
Subordinated debentures owed to unconsolidated
  subsidiary trusts
19,589 19,589 — 19,589 — 
Accrued interest payable557 557 — 557 — 
Derivative financial liabilities1,349 1,349 — 1,349 — 
 $3,147,731 $3,150,342 $— $3,118,623 $31,719 
 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 policies and annuities59,438 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 $—