Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2020

Financial Instruments Measured At Fair Value On Recurring Basis

(in thousands)		Level 1		Level 2		Level 3		Fair Value
June 30, 2020
Securities available-for-sale:
US government agencies	$	-	$	37,493	$	-	$	37,493
States and political subdivisions		-		7,544		-		7,544
Mortgage-backed securities		-		118,470		-		118,470
Mortgage servicing rights		-		-		1,031		1,031
December 31, 2019
Securities available-for-sale:
US government agencies	$	-	$	28,155	$	-	$	28,155
States and political subdivisions		-		3,351		-		3,351
Mortgage-backed securities		-		96,416		-		96,416
Mortgage servicing rights		-		-		555		555

Quantitative Information About Significant Unobservable Inputs For MSRs

	June 30, 2020		December 31, 2019
Servicing fees	0.25	%	0.25	%
Discount rate	9.04	%	9.00	%
Prepayment rate (CPR)	9.54	%	8.21	%

Financial Instruments Measured At Fair Value On Nonrecurring Basis

(in thousands)		Level 1		Level 2		Level 3		Fair Value
June 30, 2020
Collateral dependent impaired loans	$	-	$	-	$	20,076	$	20,076
December 31, 2019
Collateral dependent impaired loans	$	-	$	-	$	15,735	$	15,735

Estimated Fair Values Of Financial Instruments

	June 30, 2020				December 31, 2019
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
		(in thousands)				(in thousands)
Financial assets:
Level 1:
Cash and cash equivalents	$	121,139	$	121,139	$	38,857	$	38,857
Level 2:
Available for sale securities		163,507		163,507		127,922		127,922
FHLB and FRB stock		5,765		N/A		3,544		N/A
Level 3:
Held to maturity securities		6,468		6,569		2,386		2,392
Loans, net		1,667,007		1,730,699		1,211,356		1,222,386
Mortgage servicing rights		1,031		1,031		555		555
Financial liabilities:
Level 1:
Demand deposits	$	428,655	$	428,655	$	263,717	$	263,717
NOW deposits		229,788		229,788		140,654		140,654
Savings deposits		794,513		794,513		587,142		587,142
Level 2:
Securities sold under agreement to
repurchase		3,873		3,873		2,425		2,425
Other borrowed funds		52,512		53,079		10,000		9,997
Junior subordinated debentures		11,330		11,330		11,330		11,330
Level 3:
Time deposits		356,147		358,581		275,927		277,051

Mortgage Servicing Rights [Member]

Summary Of Changes In Fair Value At Level 3

	Three months ended June 30,
(in thousands)	2020		2019
Mortgage servicing rights - April 1	$	485	$	587
Gains/(Losses) included in earnings		(97)		(43)
Additions from loan sales & acquisition		643		26
Mortgage servicing rights - June 30	$	1,031	$	570

	Six months ended June 30,
(in thousands)	2020		2019
Mortgage servicing rights - January 1	$	555	$	609
Gains/(Losses) included in earnings		(200)		(84)
Additions from loan sales & acquisition		676		45
Mortgage servicing rights - June 30	$	1,031	$	570