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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
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, 2022Level 1Level 2Level 3
Debt securities available for sale    
U.S. Government sponsored agencies$33,899 $— $33,899 $— 
Mortgage backed securities:    
Government sponsored agencies57,193 — 57,193 — 
Nongovernment sponsored entities32,280 — 32,280 — 
State and political subdivisions111,949 — 111,949 — 
Corporate debt securities32,366 — 32,366 — 
Asset-backed securities24,077 — 24,077 — 
Tax-exempt state and political subdivisions83,091 — 83,091 — 
Total debt securities available for sale$374,855 $— $374,855 $— 
Derivative financial assets
Interest rate caps$20,953 $— $20,953 $— 
Interest rate swaps3,502 — 3,502 — 

 Balance atFair Value Measurements Using:
Dollars in thousandsDecember 31, 2021Level 1Level 2Level 3
Debt securities available for sale    
U.S. Government sponsored agencies$36,629 $— $36,629 $— 
Mortgage backed securities:    
Government sponsored agencies62,211 — 62,211 — 
Nongovernment sponsored entities26,586 — 26,586 — 
State and political subdivisions137,786 — 137,786 — 
Corporate debt securities30,278 — 30,278 — 
Asset-backed securities24,883 — 24,883 — 
Tax-exempt state and political subdivisions82,730 — 82,730 — 
Total debt securities available for sale$401,103 $— $401,103 $— 
Derivative financial assets
Interest rate caps$11,187 $— $11,187 $— 
Derivative financial liabilities    
Interest rate swaps$1,124 $— $1,124 $— 
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, 2022Level 1Level 2Level 3
Residential mortgage loans held for sale$265 $— $265 $— 
Collateral-dependent loans with an ACLL    
Commercial real estate$3,051 $— $3,051 $— 
Construction and development350 — 350 — 
Residential real estate337 — 182 155 
Total collateral-dependent loans with an ACLL$3,738 $— $3,583 $155 
Property held for sale    
Commercial real estate$1,163 $— $1,163 $— 
Construction and development5,350 — 5,350 — 
Residential real estate— — — — 
Total property held for sale$6,513 $— $6,513 $— 

 Balance atFair Value Measurements Using:
Dollars in thousandsDecember 31, 2021Level 1Level 2Level 3
Residential mortgage loans held for sale$227 $— $227 $— 
Collateral-dependent loans with an ACLL    
Commercial real estate$2,417 $— $2,417 $— 
Construction and development693 — 693 — 
Residential real estate528 — 528 — 
Total collateral-dependent loans with an ACLL$3,638 $— $3,638 $— 
Property held for sale    
Commercial real estate$1,170 $— $1,170 $— 
Construction and development7,893 — 7,893 — 
Residential real estate27 — 27 — 
Total property held for sale$9,090 $— $9,090 $— 
Fair Value, by Balance Sheet Grouping
The carrying values and estimated fair values of our financial instruments are summarized below:
 March 31, 2022Fair Value Measurements Using:
Dollars in thousandsCarrying
Value
Estimated
Fair
Value
Level 1Level 2Level 3
Financial assets    
Cash and cash equivalents$61,257 $61,257 $18,404 $42,853 $— 
Debt securities available for sale374,855 374,855 — 374,855 — 
Debt securities held to maturity97,589 93,284 — 93,284 — 
Equity investments20,574 20,574 — 20,574 — 
Other investments10,974 10,974 — 10,974 — 
Loans held for sale, net265 265 — 265 — 
Loans, net2,817,998 2,864,756 — 3,583 2,861,173 
Accrued interest receivable11,022 11,022 — 11,022 — 
     Cash surrender value of life insurance policies and annuities70,825 70,825 — 70,825 — 
Derivative financial assets24,455 24,455 — 24,455 — 
 $3,489,814 $3,532,267 $18,404 $652,690 $2,861,173 
Financial liabilities    
Deposits$3,008,063 $2,893,414 $— $2,893,414 $— 
Short-term borrowings140,146 140,146 — 140,146 — 
Long-term borrowings674 743 — 743 — 
Subordinated debentures102,997 104,624 — — 104,624 
Subordinated debentures owed to unconsolidated
  subsidiary trusts
19,589 19,589 — 19,589 — 
Accrued interest payable1,548 1,548 — 1,548 — 
 $3,273,017 $3,160,064 $— $3,055,440 $104,624 
 December 31, 2021Fair Value Measurements Using:
Dollars in thousandsCarrying
Value
Estimated
Fair
Value
Level 1Level 2Level 3
Financial assets    
Cash and cash equivalents$78,458 $78,458 $21,006 $57,452 $— 
Debt securities available for sale401,103 401,103 — 401,103 — 
Debt securities held to maturity98,060 101,242 — 101,242 — 
Equity investments20,202 20,202 — 20,202 — 
Other investments11,304 11,304 — 11,304 — 
Loans held for sale, net227 227 — 227 — 
Loans, net2,729,093 2,726,959 — 3,638 2,723,321 
Accrued interest receivable10,578 10,578 — 10,578 — 
Cash surrender value of life insurance policies and annuities60,613 60,613 — 60,613 — 
Derivative financial assets11,187 11,187 — 11,187 — 
 $3,420,825 $3,421,873 $21,006 $677,546 $2,723,321 
Financial liabilities    
Deposits$2,943,089 $2,944,722 $— $2,944,722 $— 
Short-term borrowings140,146 140,146 — 140,146 — 
Long-term borrowings679 795 — 795 — 
Subordinated debentures102,891 103,623 — — 103,623 
Subordinated debentures owed to unconsolidated
  subsidiary trusts
19,589 19,589 — 19,589 — 
Accrued interest payable788 788 — 788 — 
Derivative financial liabilities1,124 1,124 — 1,124 — 
 $3,208,306 $3,210,787 $— $3,107,164 $103,623