Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 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)
September 30, 2019
Assets:
U.S. Treasury	$	995	$	995		—	$	—
U.S. government and federal agency obligations		8,465		—		8,465		—
Government sponsored enterprises		22,798		—		22,798		—
Obligations of states and political subdivisions		29,424		—		29,424		—
Mortgage-backed securities		115,234		—		115,234		—
Other debt securities		3,051		—		3,051		—
Bank-issued trust preferred securities		1,303		—		1,303		—
Equity securities		13		13		—		—
Mortgage servicing rights		2,575		—		—		2,575
Total	$	183,858	$	1,008	$	180,275	$	2,575

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	$	1,964	$	216,253	$	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				Fair Value Measurements Using
	Significant Unobservable Inputs				Significant Unobservable Inputs
	(Level 3)				(Level 3)
	Mortgage Servicing Rights				Mortgage Servicing Rights
	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2019		2018		2019		2018
Balance at beginning of period	$	2,657	$	2,813	$	2,931	$	2,713
Total (losses) or gains (realized/unrealized):
Included in earnings		(170)		(8)		(543)		(40)
Included in other comprehensive income		—		—		—		—
Purchases		—		—		—		—
Sales		—		—		—		—
Issues		88		66		187		198
Settlements		—		—		—		—
Balance at end of period	$	2,575	$	2,871	$	2,575	$	2,871

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


			Fair Value Measurements Using
			Quoted Prices
			in Active						Three Months		Nine Months
			Markets for		Other		Significant		Ended		Ended
			Identical		Observable		Unobservable		September 30,		September 30,
	Total		Assets		Inputs		Inputs		Total Gains		Total Gains
(in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)		(Losses)*		(Losses)*
September 30, 2019
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	529	$	—	$	—	$	529	$	(22)	$	(132)
Real estate construction - commercial		145		—		—		145		—		—
Real estate mortgage - residential		933		—		—		933		(45)		(45)
Real estate mortgage - commercial		860		—		—		860		(6)		(15)
Installment and other consumer		13		—		—		13		(4)		(12)
Total	$	2,480	$	—	$	—	$	2,480	$	(77)	$	(204)
Other real estate and repossessed assets	$	12,878	$	—	$	—	$	12,878	$	10	$	(166)

September 30, 2018
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	1,549	$	—	$	—	$	1,549	$	(21)	$	(187)
Real estate construction - commercial		158		—		—		158		—		(27)
Real estate mortgage - residential		1,156		—		—		1,156		(32)		(44)
Real estate mortgage - commercial		399		—		—		399		—		(20)
Installment and other consumer		—		—		—		—		—		(25)
Total	$	3,262	$	—	$	—	$	3,262	$	(53)	$	(303)
Other real estate and repossessed assets	$	13,373	$	—	$	—	$	13,373	$	(3)	$	(29)

*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.