FAIR VALUE MEASUREMENTS (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2024 | |
| 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, 2024
ASSETS:
Securities Available for
U.S. Government Treasury
$
50,646
$
-
$
-
$
50,646
U.S. Government Agency
-
125,330
-
125,330
States and Political Subdivisions
-
40,017
-
40,017
Mortgage-Backed Securities
-
59,781
-
59,781
Corporate Debt Securities
-
52,317
-
52,317
Equity Securities
-
-
6,976
6,976
Loans Held for Sale
-
31,251
-
31,251
Residential Mortgage Loan Commitments ("IRLCs")
-
-
556
556
Interest Rate Swap Derivative
-
4,444
-
4,444
Forward Sales Contracts
-
3
-
3
LIABILITIES:
Fair Value
-
-
548
548
December 31, 2023
ASSETS:
Securities Available for
U.S. Government Treasury
$
24,679
$
-
$
-
$
24,679
U.S. Government Agency
-
145,034
-
145,034
States and Political Subdivisions
-
39,083
-
39,083
Mortgage-Backed Securities
-
63,303
-
63,303
Corporate Debt Securities
-
57,552
-
57,552
Equity Securities
-
-
3,450
3,450
Loans Held for Sale
-
28,211
-
28,211
Residential Mortgage Loan Commitments ("IRLCs")
-
-
523
523
Interest Rate Swap Derivative
-
5,317
-
5,317
LIABILITIES:
Forward Sales Contracts
-
209
-
209
|
| Schedule of financial instruments with estimated fair values |
September 30, 2024
Carrying
Level 1
Level 2
Level 3
(Dollars in Thousands)
Value
Inputs
Inputs
Inputs
ASSETS:
Cash
$
83,431
$
83,431
$
-
$
-
Fed Funds Sold and Interest Bearing Deposits
261,779
261,779
-
-
Investment Securities, Held to Maturity
561,480
390,553
151,775
-
Other Equity Securities
2,848
-
2,848
-
Mortgage Servicing Rights
969
-
-
1,484
Loans, Net of Allowance for Credit Losses
2,653,260
-
-
2,529,755
LIABILITIES:
Deposits
$
3,579,077
$
-
$
3,140,058
$
-
Short-Term
37,268
-
37,268
-
Subordinated Notes Payable
52,887
-
42,259
-
Long-Term Borrowings
794
-
794
-
December 31, 2023
Carrying
Level 1
Level 2
Level 3
(Dollars in Thousands)
Value
Inputs
Inputs
Inputs
ASSETS:
Cash
$
83,118
$
83,118
$
-
$
-
Fed Funds Sold and Interest Bearing Deposits
228,949
228,949
-
-
Investment Securities, Held to Maturity
625,022
441,189
150,562
-
Other Equity Securities
2,848
-
2,848
-
Mortgage Servicing Rights
831
-
-
1,280
Loans, Net of Allowance for Credit Losses
2,703,977
-
-
2,510,529
LIABILITIES:
Deposits
$
3,701,822
$
-
$
3,243,896
$
-
Short-Term
35,341
-
35,341
-
Subordinated Notes Payable
52,887
-
44,323
-
Long-Term Borrowings
315
-
315
-
|