Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Measurements

Schedule of assets and liabilities recorded at fair value on a recurring basis

			Fair Value Measurements
			Quoted Prices
			in Active
			Markets for		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
(in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2018
Assets:
U.S. Treasury	$	1,952	$	1,952		—	$	—
U.S. government and federal agency obligations		9,966		—		9,966		—
Government sponsored enterprises		43,335		—		43,335		—
Obligations of states and political subdivisions		40,386		—		40,386		—
Mortgage-backed securities		118,192		—		118,192		—
Other debt securities		3,000		—		3,000		—
Bank-issued trust preferred securities		1,374		—		1,374		—
Equity securities		12		—		12		—
Mortgage servicing rights		2,931		—		—		2,931
Total	$	221,148	$	1,952	$	216,265	$	2,931
December 31, 2017
Assets:
U.S. Treasury	$	1,967	$	1,967		—	$	—
U.S. government and federal agency obligations		12,073		—		12,073		—
Government sponsored enterprises		36,897		—		36,897		—
Obligations of states and political subdivisions		46,656		—		46,656		—
Mortgage-backed securities		128,949		—		128,949		—
Other debt securities		3,000		—		3,000		—
Bank-issued trust preferred securities		1,486		—		1,486		—
Equity securities		10		—		10		—
Mortgage servicing rights		2,713		—		—		2,713
Total	$	233,751	$	1,967	$	229,071	$	2,713

Schedule of summary of changes in Level 3 assets and liabilities measured at fair value on a recurring basis

	Fair Value Measurements Using
	Significant Unobservable Inputs
	(Level 3)
(in thousands)	Mortgage Servicing Rights
Balance at December 31, 2016	$	2,584
Total gains or (losses) (realized/unrealized):
Included in earnings		(93)
Included in other comprehensive income		—
Purchases		—
Sales		—
Issues		222
Settlements		—
Balance at December 31, 2017	$	2,713
Total gains or losses (realized/unrealized):
Included in earnings		(27)
Included in other comprehensive income		—
Purchases		—
Sales		—
Issues		245
Settlements		—
Balance at December 31, 2018	$	2,931

Schedule of valuation methods for instruments measured at fair value on a nonrecurring basis

			Fair Value Measurements Using
			Quoted Prices
			in Active
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Total		Assets		Inputs		Inputs		Total Gains
(in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)		(Losses)*
December 31, 2018
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	1,320	$	—	$	—	$	1,320	$	(244)
Real estate construction - commercial		153		—		—		153		(27)
Real estate mortgage - residential		1,317		—		—		1,317		(44)
Real estate mortgage - commercial		115		—		—		115		(20)
Installment and other consumer		—		—		—		—		(35)
Total	$	2,905	$	—	$	—	$	2,905	$	(370)
Other real estate and repossessed assets	$	13,691	$	—	$	—	$	13,691	$	(15)
December 31, 2017
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	1,583	$	—	$	—	$	1,583	$	(521)
Real estate construction - commercial		153		—		—		153		—
Real estate mortgage - residential		49		—		—		49		(204)
Real estate mortgage - commercial		880		—		—		880		(26)
Installment and other consumer		593		—		—		—		(37)
Total	$	3,258	$	—	$	—	$	2,665	$	(788)
Other real estate and repossessed assets	$	13,182	$	—	$	—	$	13,182	$	(250)

*Total gains (losses) reported for other real estate owned and repossessed assets includes charge-offs, valuation write-downs, and net losses taken during the periods reported.