Fair value estimates (Tables)

6 Months Ended

Jun. 30, 2021

Fair value estimates

Schedule of assets and liabilities measured at fair value on a recurring basis

	Fair Value Measurement Using
			Quoted Prices in		Significant		Significant
			Active Markets for		Other Observable		Unobservable
			Identical Assets		Inputs		Inputs
June 30, 2021	Amount		(Level 1)		(Level 2)		(Level 3)
U.S. Treasury securities	$	16,743	$	16,743			$
U.S. government-sponsored enterprises		57,459			$	57,459
State and municipals:
Taxable		60,453				60,453
Tax-exempt		75,106				75,106
Mortgage-backed securities:
U.S. government agencies		2,714				2,714
U.S. government-sponsored enterprises		121,010				121,010
Corporate debt securities		2,964				2,964
Common equity securities		142		142
Total investment securities	$	336,591	$	16,885	$	319,706	$
Loan held for sale	$	1,545			$	1,545
Interest rate floor-other assets	$	1,303			$	1,303
Interest rate swap-other assets	$	10,023			$	10,023
Interest rate swap-other liabilities	$	(9,777)			$	(9,777)

	Fair Value Measurement Using
			Quoted Prices in		Significant		Significant
			Active Markets for		Other Observable		Unobservable
			Identical Assets		Inputs		Inputs
December 31, 2020	Amount		(Level 1)		(Level 2)		(Level 3)
U.S. Treasury securities	$	18,905	$	18,905			$
U.S. government-sponsored enterprises		65,188			$	65,188
State and municipals:
Taxable		55,366				55,366
Tax-exempt		56,994				56,994
Mortgage-backed securities:
U.S. government agencies		3,707				3,707
U.S. government-sponsored enterprises		94,751				94,751
Corporate debt securities		1,000				1,000
Common equity securities		138		138
Total investment securities	$	296,049	$	19,043	$	277,006	$
Loan held for sale	$	837			$	837
Interest rate floor-other assets	$	1,678			$	1,678
Interest rate swap-other assets	$	13,693			$	13,693
Interest rate swap-other liabilities	$	(14,099)			$	(14,099)

Schedule of assets and liabilities measured at fair value on a nonrecurring basis

	Fair Value Measurement Using
			Quoted Prices in	Significant	Significant
			Active Markets for	Other Observable	Unobservable
			Identical Assets	Inputs	Inputs
June 30, 2021	Amount		(Level 1)	(Level 2)	(Level 3)
Impaired loans	$	1,405			$	1,405
Other real estate owned	$	29			$	29

	Fair Value Measurement Using
			Quoted Prices in	Significant Other	Significant
			Active Markets for	Observable	Unobservable
			Identical Assets	Inputs	Inputs
December 31, 2020	Amount		(Level 1)	(Level 2)	(Level 3)
Impaired loans	$	2,884			$	2,884
Other real estate owned	$	527			$	527

Schedule of additional quantitative information about assets measured at fair value on a nonrecurring basis

	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value				Range
June 30, 2021	Estimate		Valuation Techniques	Unobservable Input	(Weighted Average)
Impaired loans	$	1,405	Appraisal of collateral	Appraisal adjustments	17.9% to 97.0%  (23.9)%
				Liquidation expenses	3.0% to 6.0% (5.5)%
Other real estate owned	$	29	Appraisal of collateral	Appraisal adjustments	71.5% to 71.5%  (71.5)%
				Liquidation expenses	3.0% to 6.0% (5.0)%

	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value				Range
December 31, 2020	Estimate		Valuation Techniques	Unobservable Input	(Weighted Average)
Impaired loans	$	2,884	Appraisal of collateral	Appraisal adjustments	9.0% to 97.0%  (28.2)%
				Liquidation expenses	3.0% to 6.0% (5.5)%
Other real estate owned	$	527	Appraisal of collateral	Appraisal adjustments	3.1% to 58.1%  (29.9)%
				Liquidation expenses	3.0% to 6.0% (5.0)%

Schedule of carrying and fair values of financial instruments

					Fair Value Hierarchy
					Quoted
					Prices in
					Active		Significant
					Markets for		Other		Significant
					Identical		Observable		Unobservable
	Carrying		Fair		Assets		Inputs		Inputs
June 30, 2021	Value		Value		(level 1)		(level 2)		(Level 3)
Financial assets:
Cash and due from banks	$	248,051	$	248,051	$	248,051
Investment securities:
Available-for-sale		336,449		336,449		16,743	$	319,706
Common equity securities		142		142		142
Held-to-maturity		7,104		7,294				7,294
Loans held for sale		1,545		1,545				1,545
Net loans		2,210,087		2,183,217					$	2,183,217
Accrued interest receivable		7,844		7,844				7,844
Mortgage servicing rights		835		1,264				1,264
Restricted equity securities (FHLB and other)		3,125		3,125				3,125
Interest rate floor		1,303		1,303				1,303
Interest rate swaps		10,023		10,023				10,023
Total	$	2,826,508	$	2,800,257
Financial liabilities:
Deposits	$	2,611,766	$	2,614,117			$	2,614,117
Long-term debt		3,752		3,890				3,890
Subordinated debentures		33,000		32,733				32,733
Accrued interest payable		469		469				469
Interest rate swaps		9,777		9,777				9,777
Total	$	2,658,764	$	2,660,986

					Fair Value Hierarchy
					Quoted
					Prices in
					Active		Significant
					Markets for		Other		Significant
					Identical		Observable		Unobservable
	Carrying		Fair		Assets		Inputs		Inputs
December 31, 2020	Value		Value		(level 1)		(level 2)		(Level 3)
Financial assets:
Cash and due from banks	$	228,192	$	228,192	$	228,192
Investment securities:
Available-for-sale		295,911		295,911		18,905	$	277,006
Common equity securities		138		138		138
Held-to-maturity		7,225		7,513				7,513
Loans held for sale		837		837				837
Net loans		2,150,638		2,145,752					$	2,145,752
Accrued interest receivable		8,255		8,255				8,255
Mortgage servicing rights		838		1,269				1,269
Restricted equity securities (FHLB and other)		5,397		5,397				5,397
Interest rate floor		1,678		1,678				1,678
Interest rate swaps		13,693		13,693				13,693
Total	$	2,712,802	$	2,708,635
Financial liabilities:
Deposits	$	2,437,113	$	2,441,014			$	2,441,014
Long-term debt		14,769		15,073				15,073
Subordinated debentures		33,000		33,096				33,096
Accrued interest payable		736		736				736
Interest rate swaps		14,099		14,099				14,099
Total	$	2,499,717	$	2,504,018