FAIR VALUE MEASUREMENTS (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 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
March 31, 2024
ASSETS:
Securities Available for
U.S. Government Treasury
$
23,751
$
-
$
-
$
23,751
U.S. Government Agency
-
139,048
-
139,048
States and Political Subdivisions
-
38,703
-
38,703
Mortgage-Backed Securities
-
60,548
-
60,548
Corporate Debt Securities
-
57,192
-
57,192
Equity Securities
-
-
3,445
3,445
Loans Held for Sale
-
24,705
-
24,705
Residential Mortgage Loan Commitments
-
-
727
727
Interest Rate Swap Derivative
-
5,755
-
5,755
LIABILITIES:
Forward Sales Contracts
-
78
-
78
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
-
-
523
523
Interest Rate Swap Derivative
-
5,317
-
5,317
LIABILITIES:
Forward Sales Contracts
-
209
-
209
|
| Schedule of financial instruments with estimated fair values |
March 31, 2024
Carrying
Level 1
Level 2
Level 3
(Dollars in Thousands)
Value
Inputs
Inputs
Inputs
ASSETS:
Cash
$
73,642
$
73,642
$
-
$
-
Fed Funds Sold and Interest Bearing Deposits
231,047
231,047
-
-
Investment Securities, Held to Maturity
603,386
426,474
143,208
-
Other Equity Securities
2,848
-
2,848
-
Mortgage Servicing Rights
919
-
-
1,419
Loans, Net of Allowance for Credit Losses
2,701,843
-
-
2,531,574
LIABILITIES:
Deposits
$
3,654,801
$
-
$
3,208,299
$
-
Short-Term
31,886
-
31,886
-
Subordinated Notes Payable
52,887
-
43,861
-
Long-Term Borrowings
265
-
264
-
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
-
|