Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Measurements

Schedule of mortgage servicing rights

			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, 2020
Assets:
U.S. Treasury	$	777	$	777		—	$	—
U.S. government and federal agency obligations		8,946		—		8,946		—
U.S. government-sponsored enterprises		37,753		—		37,753		—
Obligations of states and political subdivisions		43,157		—		43,157		—
Mortgage-backed securities		103,017		—		103,017		—
Other debt securities		3,174		—		3,174		—
Bank-issued trust preferred securities		1,225		—		1,225		—
Equity securities		12		12		—		—
Mortgage servicing rights		2,274		—		—		2,274
Total	$	200,335	$	789	$	197,272	$	2,274
December 31, 2019
Assets:
U.S. Treasury	$	995	$	995		—	$	—
U.S. government and federal agency obligations		8,047		—		8,047		—
U.S. government-sponsored enterprises		22,283		—		22,283		—
Obligations of states and political subdivisions		33,789		—		33,789		—
Mortgage-backed securities		105,616		—		105,616		—
Other debt securities		3,053		—		3,053		—
Bank-issued trust preferred securities		1,310		—		1,310		—
Equity securities		13		13		—		—
Mortgage servicing rights		2,482		—		—		2,482
Total	$	177,588	$	1,008	$	174,098	$	2,482

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

	Fair Value Measurements Using
	(Level 3)
	Mortgage Servicing Rights
	Three Months Ended March 31,
(in thousands)	2020		2019
Balance at beginning of period	$	2,482	$	2,931
Total (losses) or gains (realized/unrealized):
Included in earnings		(275)		(94)
Included in other comprehensive income		—		—
Purchases		—		—
Sales		—		—
Issues		67		38
Settlements		—		—
Balance at end of period	$	2,274	$	2,875

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)*
March 31, 2020
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	2,422	$	—	$	—	$	2,422	$	—
Real estate construction - commercial		408		—		—		408		—
Real estate mortgage - residential		1,921		—		—		1,921		(19)
Real estate mortgage - commercial		827		—		—		827		(22)
Installment and other consumer		12		—		—		12		(14)
Total	$	5,590	$	—	$	—	$	5,590	$	(55)
Other real estate and repossessed assets	$	12,769	$	—	$	—	$	12,769	$	(12)
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		—
Total	$	3,127	$	—	$	—	$	3,127	$	—
Other real estate and repossessed assets	$	13,537	$	—	$	—	$	13,537	$	(106)

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