| 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 |
| March 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
| ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
| Securities Available for Sale: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government Treasury |
$ |
201,514 |
|
$ |
- |
|
$ |
- |
|
$ |
201,514 |
|
U.S. Government Agency |
|
- |
|
|
165,894 |
|
|
- |
|
|
165,894 |
|
States and Political Subdivisions |
|
- |
|
|
6,672 |
|
|
- |
|
|
6,672 |
|
Mortgage-Backed Securities |
|
- |
|
|
656 |
|
|
- |
|
|
656 |
|
Equity Securities |
|
- |
|
|
7,778 |
|
|
- |
|
|
7,778 |
|
Loans Held for Sale |
|
- |
|
|
82,598 |
|
|
- |
|
|
82,598 |
|
Mortgage Banking Derivative Asset |
|
- |
|
|
- |
|
|
3,898 |
|
|
3,898 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage Banking Derivative Liability |
|
- |
|
|
2,628 |
|
|
- |
|
|
2,628 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
| |
|
March 31, 2020 |
|
|
Carrying |
|
Level 1 |
|
Level 2 |
|
Level 3 |
| (Dollars in Thousands) |
|
Value |
|
Inputs |
|
Inputs |
|
Inputs |
| ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
72,676 |
|
$ |
72,676 |
|
$ |
- |
|
$ |
- |
| Short-Term Investments |
|
|
196,936 |
|
|
196,936 |
|
|
- |
|
|
- |
| Investment Securities, Available for Sale |
|
|
382,514 |
|
|
201,514 |
|
|
181,000 |
|
|
- |
| Investment Securities, Held to Maturity |
|
|
251,792 |
|
|
20,211 |
|
|
237,718 |
|
|
- |
|
Equity Securities(1)
|
|
|
3,588 |
|
|
- |
|
|
3,588 |
|
|
- |
| Loans Held for Sale |
|
|
82,598 |
|
|
- |
|
|
82,598 |
|
|
- |
| Loans, Net of Allowance for Credit Losses |
|
|
1,841,304 |
|
|
- |
|
|
- |
|
|
1,842,002 |
| Mortgage Banking Derivative Asset |
|
|
3,898 |
|
|
- |
|
|
- |
|
|
3,898 |
| Mortgage Servicing Rights |
|
|
910 |
|
|
- |
|
|
- |
|
|
1,086 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
$ |
2,545,585 |
|
$ |
- |
|
$ |
2,577,836 |
|
$ |
- |
| Short-Term Borrowings |
|
|
76,516 |
|
|
- |
|
|
76,516 |
|
|
- |
| Subordinated Notes Payable |
|
|
52,887 |
|
|
- |
|
|
45,268 |
|
|
- |
| Long-Term Borrowings |
|
|
5,896 |
|
|
- |
|
|
6,077 |
|
|
- |
| Mortgage Banking Derivative Liability |
|
|
2,628 |
|
|
- |
|
|
2,628 |
|
|
- |
| |
|
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.
|