Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019


			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)
March 31, 2019
Assets:
U.S. Treasury	$	2,655	$	2,655		—	$	—
U.S. government and federal agency obligations		9,515		—		9,515		—
Government sponsored enterprises		39,554		—		39,554		—
Obligations of states and political subdivisions		38,236		—		38,236		—
Mortgage-backed securities		124,243		—		124,243		—
Other debt securities		2,999		—		2,999		—
Bank-issued trust preferred securities		1,337		—		1,337		—
Equity securities		13		—		13		—
Mortgage servicing rights		2,875		—		—		2,875
Total	$	221,427	$	2,655	$	215,897	$	2,875

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

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)
	Mortgage Servicing Rights
	Three Months Ended March 31,
(in thousands)	2019		2018
Balance at beginning of period	$	2,931	$	2,713
Total (losses) or gains (realized/unrealized):
Included in earnings		(94)		18
Included in other comprehensive income		—		—
Purchases		—		—
Sales		—		—
Issues		38		50
Settlements		—		—
Balance at end of period	$	2,875	$	2,781

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


			Fair Value Measurements Using
			Quoted Prices
			in Active						Three Months
			Markets for		Other		Significant		Ended
			Identical		Observable		Unobservable		March 31,
	Total		Assets		Inputs		Inputs		Total Gains
(in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)		(Losses)*
March 31, 2019
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	1,263	$	—	$	—	$	1,263	$	—
Real estate construction - commercial		151		—		—		151		—
Real estate mortgage - residential		1,480		—		—		1,480		—
Real estate mortgage - commercial		233		—		—		233		—
Installment and other consumer		—		—		—		—		—
Total	$	3,127	$	—	$	—	$	3,127	$	—
Other real estate and repossessed assets	$	13,537	$	—	$	—	$	13,537	$	(106)

March 31, 2018
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	1,369	$	—	$	—	$	1,369	$	—
Real estate construction - commercial		—		—		—		—		(27)
Real estate mortgage - residential		886		—		—		886		—
Real estate mortgage - commercial		595		—		—		595		(20)
Installment and other consumer		—		—		—		—		(10)
Total	$	2,850	$	—	$	—	$	2,850	$	(57)
Other real estate and repossessed assets	$	13,239	$	—	$	—	$	13,239	$	1

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