| Schedule of financial assets and financial liabilities measured at fair value on a recurring basis |
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total Fair |
(Dollars in Thousands) |
Inputs |
|
Inputs |
|
Inputs |
|
Value |
September 30, 2020 |
|
|
|
|
|
|
|
|
|
|
|
ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
Securities Available for Sale: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government Treasury |
$ |
120,116 |
|
$ |
- |
|
$ |
- |
|
$ |
120,116 |
|
U.S. Government Agency |
|
- |
|
|
194,994 |
|
|
- |
|
|
194,994 |
|
States and Political Subdivisions |
|
- |
|
|
4,830 |
|
|
- |
|
|
4,830 |
|
Mortgage-Backed Securities |
|
- |
|
|
535 |
|
|
- |
|
|
535 |
|
Equity Securities |
|
- |
|
|
7,778 |
|
|
- |
|
|
7,778 |
|
Loans Held for Sale |
|
- |
|
|
116,561 |
|
|
- |
|
|
116,561 |
|
Interest Rate Swap Derivative Asset |
|
- |
|
|
48 |
|
|
- |
|
|
48 |
|
Mortgage Banking Derivative Asset |
|
- |
|
|
- |
|
|
6,031 |
|
|
6,031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage Banking Derivative Liability |
|
- |
|
|
400 |
|
|
- |
|
|
400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
Securities Available for Sale: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government Treasury |
$ |
232,778 |
|
$ |
- |
|
$ |
- |
|
$ |
232,778 |
|
U.S. Government Agency |
|
- |
|
|
156,078 |
|
|
- |
|
|
156,078 |
|
States and Political Subdivisions |
|
- |
|
|
6,319 |
|
|
- |
|
|
6,319 |
|
Mortgage-Backed Securities |
|
- |
|
|
773 |
|
|
- |
|
|
773 |
|
Equity Securities |
|
- |
|
|
7,653 |
|
|
- |
|
|
7,653 |
|
| Schedule of financial instruments with estimated fair values |
|
|
September 30, 2020 |
|
|
Carrying |
|
Level 1 |
|
Level 2 |
|
Level 3 |
(Dollars in Thousands) |
|
Value |
|
Inputs |
|
Inputs |
|
Inputs |
ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
76,509 |
|
$ |
76,509 |
|
$ |
- |
|
$ |
- |
Short-Term Investments |
|
|
626,104 |
|
|
626,104 |
|
|
- |
|
|
- |
Investment Securities, Available for Sale |
|
|
328,253 |
|
|
120,116 |
|
|
208,137 |
|
|
- |
Investment Securities, Held to Maturity |
|
|
202,593 |
|
|
15,058 |
|
|
193,208 |
|
|
- |
Equity Securities(1) |
|
|
3,588 |
|
|
- |
|
|
3,588 |
|
|
- |
Loans Held for Sale |
|
|
116,561 |
|
|
- |
|
|
116,561 |
|
|
- |
Interest Rate Swap Derivative Asset |
|
|
48 |
|
|
- |
|
|
48 |
|
|
- |
Loans, Net of Allowance for Credit Losses |
|
|
1,975,024 |
|
|
- |
|
|
- |
|
|
1,982,055 |
Mortgage Banking Derivative Asset |
|
|
6,031 |
|
|
- |
|
|
- |
|
|
6,031 |
Mortgage Servicing Rights |
|
|
3,348 |
|
|
- |
|
|
- |
|
|
3,485 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
Deposits |
|
$ |
3,009,446 |
|
$ |
- |
|
$ |
3,129,020 |
|
$ |
- |
Short-Term Borrowings |
|
|
90,936 |
|
|
- |
|
|
90,936 |
|
|
- |
Subordinated Notes Payable |
|
|
52,887 |
|
|
- |
|
|
41,223 |
|
|
- |
Long-Term Borrowings |
|
|
5,268 |
|
|
- |
|
|
5,430 |
|
|
- |
Mortgage Banking Derivative Liability |
|
|
400 |
|
|
- |
|
|
400 |
|
|
- |
|
|
December 31, 2019 |
|
|
Carrying |
|
Level 1 |
|
Level 2 |
|
Level 3 |
(Dollars in Thousands) |
|
Value |
|
Inputs |
|
Inputs |
|
Inputs |
ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
$ |
60,087 |
|
$ |
60,087 |
|
$ |
- |
|
$ |
- |
Short-Term Investments |
|
|
318,336 |
|
|
318,336 |
|
|
- |
|
|
- |
Investment Securities, Available for Sale |
|
|
403,601 |
|
|
232,778 |
|
|
170,823 |
|
|
- |
Investment Securities, Held to Maturity |
|
|
239,539 |
|
|
20,042 |
|
|
221,387 |
|
|
- |
Loans Held for Sale |
|
|
9,509 |
|
|
- |
|
|
9,509 |
|
|
- |
Equity Securities(1) |
|
|
3,591 |
|
|
- |
|
|
3,591 |
|
|
- |
Loans, Net of Allowance for Credit Losses |
|
|
1,822,024 |
|
|
- |
|
|
- |
|
|
1,804,930 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
Deposits |
|
$ |
2,645,454 |
|
$ |
- |
|
$ |
2,644,430 |
|
$ |
- |
Short-Term Borrowings |
|
|
6,404 |
|
|
- |
|
|
6,404 |
|
|
- |
Subordinated Notes Payable |
|
|
52,887 |
|
|
- |
|
|
40,280 |
|
|
- |
Long-Term Borrowings |
|
|
6,514 |
|
|
- |
|
|
6,623 |
|
|
- |
(1) Not readily marketable securities - reflected in other assets.
|