XML 44 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Measurements  
Schedule of mortgage servicing rights

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Fair Value Measurements

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Quoted Prices

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​

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in Active

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​

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Markets for

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Other

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Significant

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Identical

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Observable

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Unobservable

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Assets

​

Inputs

​

Inputs

(in thousands)

    

Fair Value

    

(Level 1)

    

(Level 2)

    

(Level 3)

June 30, 2020

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​

​

​

​

​

​

​

​

​

​

​

Assets:

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Treasury

​

$

776

​

$

776

 

​

—

 

$

—

U.S. government and federal agency obligations

​

 

8,818

​

 

—

 

​

8,818

 

 

—

U.S. government-sponsored enterprises

​

 

34,810

​

 

—

 

​

34,810

 

 

—

Obligations of states and political subdivisions

​

 

43,494

​

 

—

 

​

43,494

 

 

—

Mortgage-backed securities

​

 

94,887

​

 

—

 

​

94,887

 

 

—

Other debt securities

​

​

8,044

​

​

—

​

​

8,044

​

​

—

Bank-issued trust preferred securities

​

​

1,207

​

​

—

​

​

1,207

​

​

—

Equity securities

​

​

14

​

​

14

​

​

—

​

​

—

Mortgage servicing rights

​

 

2,145

​

 

—

 

​

—

 

 

2,145

Total

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$

194,195

​

$

790

​

$

191,260

 

$

2,145

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​

​

​

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​

​

​

​

​

​

December 31, 2019

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Assets:

​

​

​

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​

​

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​

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

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​

—

​

​

1,310

​

​

—

Equity securities

​

​

13

​

​

13

​

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—

​

​

—

Mortgage servicing rights

​

 

2,482

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—

 

​

—

 

 

2,482

Total

​

$

177,588

​

$

1,008

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$

174,098

 

$

2,482

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

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Fair Value Measurements Using

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Fair Value Measurements Using

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​

​

(Level 3)

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(Level 3)

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​

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Mortgage Servicing Rights

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Mortgage Servicing Rights

​

​

​

Three Months Ended June 30, 

​

Six Months Ended June 30, 

​

(in thousands)

    

2020

    

2019

    

2020

    

2019

​

Balance at beginning of period

​

$

2,274

​

$

2,875

​

$

2,482

​

$

2,931

​

Total (losses) or gains (realized/unrealized):

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​

​

​

​

​

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Included in earnings

​

 

(250)

​

 

(279)

​

 

(525)

​

 

(373)

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Included in other comprehensive income

​

 

—

​

 

—

​

 

—

​

 

—

​

Purchases

​

 

—

​

 

—

​

 

—

​

 

—

​

Sales

​

 

—

​

 

—

​

 

—

​

 

—

​

Issues

​

 

121

​

 

61

​

 

188

​

 

99

​

Settlements

​

 

—

​

 

—

​

 

—

​

 

—

​

Balance at end of period

​

$

2,145

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$

2,657

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$

2,145

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$

2,657

​

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

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Fair Value Measurements Using

​

​

​

​

​

Quoted Prices

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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in Active

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​

​

​

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Three Months

​

Six Months

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Markets for

​

Other

​

Significant

​

Ended

​

Ended

​

​

​

​

​

Identical

​

Observable

​

Unobservable

​

June 30,

​

June 30,

​

​

Total

​

Assets

​

Inputs

​

Inputs

​

Total Gains

​

Total Gains

(in thousands)

    

Fair Value

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

(Losses)*

    

(Losses)*

June 30, 2020

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Assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Collateral dependent impaired loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial, financial, & agricultural

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$

2,408

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$

—

​

$

—

​

$

2,408

 

$

—

 

$

—

Real estate construction - commercial

​

 

837

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—

​

 

—

​

 

837

 

 

—

 

 

—

Real estate mortgage - residential

​

 

2,031

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—

​

 

—

​

 

2,031

 

 

(32)

 

 

(51)

Real estate mortgage - commercial

​

 

1,304

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—

​

 

—

​

 

1,304

 

 

(2)

 

 

(24)

Installment and other consumer

​

 

11

​

 

—

​

 

—

​

 

11

 

 

(3)

 

 

(17)

Total

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$

6,591

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$

—

​

$

—

​

$

6,591

 

$

(37)

 

$

(92)

Other real estate and repossessed assets

​

$

12,520

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$

—

​

$

—

​

$

12,520

 

$

213

 

$

199

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​

June 30, 2019

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Assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Collateral dependent impaired loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial, financial, & agricultural

​

$

1,244

​

$

—

​

$

—

​

$

1,244

 

$

(110)

 

$

(110)

Real estate construction - commercial

​

 

146

​

 

—

​

 

—

​

 

146

 

 

—

 

 

—

Real estate mortgage - residential

​

 

1,247

​

 

—

​

 

—

​

 

1,247

 

 

—

 

 

—

Real estate mortgage - commercial

​

 

863

​

 

—

​

 

—

​

 

863

 

 

(6)

 

 

(9)

Installment and other consumer

​

 

—

​

 

—

​

 

—

​

 

—

 

 

(3)

 

 

(7)

Total

​

$

3,500

​

$

—

​

$

—

​

$

3,500

 

$

(119)

 

$

(126)

Other real estate and repossessed assets

​

$

13,110

​

$

—

​

$

—

​

$

13,110

 

$

(70)

 

$

(176)

*

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