FAIR VALUE MEASUREMENTS (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2022 | |
| Fair Value measurements [Abstract] | |
| Schedule of financial assets and financial liabilities measured at fair value on a recurring basis |
Level 1
Level 2
Level 3
Total
(Dollars in Thousands)
Inputs
Inputs
Inputs
Value
September 30, 2022
ASSETS:
Securities Available for
U.S. Government Treasury
$
19,058
$
-
$
-
$
19,058
U.S. Government Agency
-
193,144
-
193,144
States and Political Subdivisions
-
40,228
-
40,228
Mortgage-Backed Securities
-
70,298
-
70,298
Corporate Debt Securities
-
86,691
-
86,691
Loans Held for Sale
-
50,304
-
50,304
Interest Rate Swap Derivative
-
6,453
-
6,453
Mortgage Banking Hedge Derivative
-
609
-
609
Mortgage Banking IRLC Derivative
-
-
1,373
1,373
December 31, 2021
ASSETS:
Securities Available for
U.S. Government Treasury
$
187,868
$
-
$
-
$
187,868
U.S. Government Agency
-
237,578
-
237,578
States and Political Subdivisions
-
46,980
-
46,980
Mortgage-Backed Securities
-
88,869
-
88,869
Corporate Debt Securities
-
86,222
-
86,222
Loans Held for Sale
-
52,532
-
52,532
Interest Rate Swap Derivative
-
2,050
-
2,050
Mortgage Banking IRLC Derivative
-
-
1,258
1,258
LIABILITIES:
Mortgage Banking Hedge Derivative
$
-
$
7
$
-
$
7
|
| Schedule of financial instruments with estimated fair values |
September 30, 2022
Carrying
Level 1
Level 2
Level 3
(Dollars in Thousands)
Value
Inputs
Inputs
Inputs
ASSETS:
Cash
$
72,686
$
72,686
$
-
$
-
Short-Term Investments
497,679
497,679
-
-
Investment Securities, Held to Maturity
676,178
434,717
188,911
-
Equity Securities
(1)
1,349
-
1,349
-
Other Equity Securities
(2)
2,848
-
2,848
-
Mortgage Servicing Rights
5,695
-
-
9,441
Loans, Net of Allowance for Credit Losses
2,323,675
-
-
2,207,464
LIABILITIES:
Deposits
$
3,759,378
$
-
$
3,209,190
$
-
Short-Term
52,271
-
51,821
-
Subordinated Notes Payable
52,887
-
46,532
-
Long-Term Borrowings
562
-
564
-
December 31, 2021
Carrying
Level 1
Level 2
Level 3
(Dollars in Thousands)
Value
Inputs
Inputs
Inputs
ASSETS:
Cash
$
65,313
$
65,313
$
-
$
-
Short-Term Investments
970,041
970,041
-
-
Investment Securities, Held to Maturity
339,601
113,877
225,822
-
Equity Securities
(1)
861
-
861
-
Other Equity Securities
(2)
2,848
-
2,848
-
Mortgage Servicing Rights
3,774
-
-
4,718
Loans, Net of Allowance for Credit Losses
1,909,859
-
-
1,903,640
LIABILITIES:
Deposits
$
3,712,862
$
-
$
3,713,478
$
-
Short-Term
34,557
-
34,557
-
Subordinated Notes Payable
52,887
-
42,609
-
Long-Term Borrowings
884
-
938
-
Not readily marketable securities - reflected
(2)
Accounted for under the equity method – not readily
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