Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value of Financial Instruments

Schedule of summary of the carrying amounts and fair values of financial instruments

					December 31, 2018
					Fair Value Measurements
						Quoted Prices
					in Active				Net
					Markets for		Other		Significant
	December 31, 2018				Identical		Observable		Unobservable
	Carrying		Fair		Assets		Inputs		Inputs
(in thousands)	amount		value		(Level 1)		(Level 2)		(Level 3)
Assets:
Cash and due from banks	$	23,687	$	23,687	$	23,687	$	—	$	—
Federal funds sold and overnight interest-bearing deposits		18,396		18,396		18,396		—		—
Certificates of deposit in other banks		12,247		12,247		12,247		—		—
Available for sale securities		218,205		218,205		1,952		216,253		—
Other investment securities		5,675		5,675		—		5,675		—
Loans, net		1,134,975		1,115,003		—		—		1,115,003
Mortgage servicing rights		2,931		2,931		—		—		2,931
Cash surrender value - life insurance		2,542		2,542		—		2,542		—
Accrued interest receivable		6,162		6,162		6,162		—		—
	$	1,424,820	$	1,404,848	$	62,444	$	224,470	$	1,117,934
Liabilities:
Deposits:
Non-interest bearing demand	$	262,857	$	262,857	$	262,857	$	—	$	—
Savings, interest checking and money market		614,040		614,040		614,040		—		—
Time deposits		321,571		318,949		—		—		318,949
Federal funds purchased and securities sold under agreements to repurchase		24,647		24,647		24,647		—		—
Federal Home Loan Bank advances and other borrowings		95,153		94,326		—		94,326		—
Subordinated notes		49,486		45,749		—		45,749		—
Accrued interest payable		1,035		1,035		1,035		—		—
	$	1,368,789	$	1,361,603	$	902,579	$	140,075	$	318,949

					December 31, 2017
					Fair Value Measurements
					Quoted Prices
					in Active				Net
					Markets for		Other		Significant
	December 31, 2017				Identical		Observable		Unobservable
	Carrying		Fair		Assets		Inputs		Inputs
(in thousands)	amount		value		(Level 1)		(Level 2)		(Level 3)
Assets:
Cash and due from banks	$	23,325	$	23,325	$	23,325	$	—	$	—
Federal funds sold and overnight interest-bearing deposits		39,553		39,553		39,553		—		—
Certificates of deposit in other banks		3,460		3,460		3,460		—		—
Available-for-sale securities		231,028		231,028		1,967		229,061		—
Other investment securities		6,551		6,551		—		6,551		—
Loans, net		1,057,580		1,058,153		—		—		1,058,153
Mortgage servicing rights		2,713		2,713		—		—		2,713
Cash surrender value - life insurance		2,484		2,484		—		2,484		—
Accrued interest receivable		5,627		5,627		5,627		—		—
	$	1,372,321	$	1,372,894	$	73,932	$	238,096	$	1,060,866
Liabilities:
Deposits:
Non-interest bearing demand	$	245,380	$	245,380	$	245,380	$	—	$	—
Savings, interest checking and money market		584,468		584,468		584,468		—		—
Time deposits		295,964		294,778		—		—		294,778
Federal funds purchased and securities sold under agreements to repurchase		27,560		27,560		27,560		—		—
Federal Home Loan Bank advances and other borrowings		121,382		121,291		—		121,291		—
Subordinated notes		49,486		39,692		—		39,692		—
Accrued interest payable		554		554		554		—		—
	$	1,324,794	$	1,313,723	$	857,962	$	160,983	$	294,778