Fair Value (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value

Available For Sale Securities Measured At Fair Value On A Recurring Basis

(Dollars in thousands)
	September 30, 2022
	Fair Value		Level 1 Valuation		Level 2 Valuation		Level 3 Valuation
U.S. Treasuries	$	9,777		-		9,777		-
U.S. Government
sponsored enterprises	$	12,142		-		12,142		-
Mortgage-backed securities	$	271,899		-		271,899		-
State and political subdivisions	$	150,549		-		150,549		-
Mutual funds held in deferred compensation trust	$	1,218		-		1,218

(Dollars in thousands)
	December 31, 2021
	Fair Value		Level 1 Valuation		Level 2 Valuation		Level 3 Valuation
U.S. Treasuries	$	7,889		-		7,889		-
U.S. Government
sponsored enterprises	$	14,267		-		14,267		-
Mortgage-backed securities	$	217,152		-		217,152		-
State and political subdivisions	$	167,241		-		167,241		-
Mutual funds held in deferred compensation trust	$	1,510		-		1,510		-

Summary of Fair Value Measurements Of Investment Securities Available For Sale Using Level 3 Significant Unobservable Inputs

(Dollars in thousands)
	Fair Value Measurements September 30, 2022		Level 1  Valuation		Level 2 Valuation		Level 3 Valuation
Mortgage loans held for sale	$	975		-		-		975
Impaired loans	$	15,052		-		-		15,052
(Dollars in thousands)
	Fair Value Measurements December 31, 2021		Level 1 Valuation		Level 2 Valuation		Level 3 Valuation
Mortgage loans held for sale	$	3,637		-		-		3,637
Impaired loans	$	17,475		-		-		17,475

(Dollars in thousands)
	Fair Value September 30, 2022		Fair Value December 31, 2021		Valuation Technique	Significant Unobservable Inputs		General Range of Significant Unobservable Input Values
Mortgage loans held for sale	$	975		3,637	Rate lock commitment		N/A		N/A
Impaired loans	$	15,052		17,475	Appraised value and discounted cash flows	Discounts to reflect current market conditions and ultimate collectability		0 - 25%

Summary of Carrying Amount And Estimated Fair Value Of The Company's Financial Instruments

(Dollars in thousands)
			Fair Value Measurements at September 30, 2022
	Carrying Amount		Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	155,461		155,461		-		-		155,461
Investment securities available for sale		444,367		-		444,367		-		444,367
Other investments		2,762		-		-		2,762		2,762
Mortgage loans held for sale		975		-		-		975		975
Loans, net		994,877		-		-		970,038		970,038
Mutual funds held in deferred
compensation trust		1,288		-		1,288		-		1,288
Liabilities:
Deposits	$	1,501,091		-		-		1,500,613		1,500,613
Securities sold under agreements
to repurchase		37,986		-		37,986		-		37,986
Junior subordinated debentures		15,464		-		15,464		-		15,464

(Dollars in thousands)
			Fair Value Measurements at December 31, 2021
	Carrying Amount		Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	277,499		277,499		-		-		277,499
Investment securities available for sale		406,549		-		406,549		-		406,549
Other investments		3,668		-		-		3,668		3,668
Mortgage loans held for sale		3,637		-		-		3,637		3,637
Loans, net		875,514		-		-		855,814		855,814
Mutual funds held in deferred
compensation trust		1,510		-		1,510		-		1,510
Liabilities:
Deposits	$	1,412,748		-		-		1,401,833		1,401,833
Securities sold under agreements
to repurchase		37,094		-		37,094		-		37,094
Junior subordinated debentures		15,464		-		15,464		-		15,464