Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Measurements [Abstract]

Carrying Amount and Estimated Fair Value by Balance Sheet Grouping

March 31, 2021
					Quoted prices		Significant		Significant
					in active		other		other
	Carrying		Estimated		markets		observable inputs		unobservable inputs
(dollars in thousands)	amount		fair value		(Level 1)		(Level 2)		(Level 3)
Financial assets:
Cash and cash equivalents	$	222,953	$	222,953	$	222,953	$	-	$	-
Available-for-sale debt securities		436,622		436,622		-		436,622		-
Restricted investments in bank stock		2,931		2,931		-		2,931		-
Loans and leases, net		1,127,320		1,137,198		-		-		1,137,198
Loans held-for-sale		11,001		11,208		-		11,208		-
Accrued interest receivable		5,723		5,723		-		5,723		-
Financial liabilities:
Deposits with no stated maturities		1,611,034		1,611,034		-		1,611,034		-
Time deposits		111,867		111,929		-		111,929		-
Accrued interest payable		182		182		-		182		-

December 31, 2020
					Quoted prices		Significant		Significant
					in active		other		other
	Carrying		Estimated		markets		observable inputs		unobservable inputs
(dollars in thousands)	amount		fair value		(Level 1)		(Level 2)		(Level 3)
Financial assets:
Cash and cash equivalents	$	69,346	$	69,346	$	69,346	$	-	$	-
Available-for-sale debt securities		392,420		392,420		-		392,420		-
Restricted investments in bank stock		2,813		2,813		-		2,813		-
Loans and leases, net		1,105,450		1,116,711		-		-		1,116,711
Loans held-for-sale		29,786		30,858		-		30,858		-
Accrued interest receivable		5,712		5,712		-		5,712		-
Financial liabilities:
Deposits with no stated maturities		1,381,722		1,381,722		-		1,381,722		-
Time deposits		127,783		128,200		-		128,200		-
FHLB advances		5,000		5,348		-		5,348		-
Accrued interest payable		337		337		-		337		-

Financial Instruments Measured at Fair Value on Recurring Basis

			Quoted prices		Significant other		Significant other
	Total carrying value		in active markets		observable inputs		unobservable inputs
(dollars in thousands)	March 31, 2021		(Level 1)		(Level 2)		(Level 3)
Available-for-sale securities:
Agency - GSE	$	56,850	$	-	$	56,850	$	-
Obligations of states and political subdivisions		228,161		-		228,161		-
MBS - GSE residential		151,611		-		151,611		-
Total available-for-sale debt securities	$	436,622	$	-	$	436,622	$	-

			Quoted prices		Significant other		Significant other
	Total carrying value		in active markets		observable inputs		unobservable inputs
(dollars in thousands)	December 31, 2020		(Level 1)		(Level 2)		(Level 3)
Available-for-sale securities:
Agency - GSE	$	45,447	$	-	$	45,447	$	-
Obligations of states and political subdivisions		199,713		-		199,713		-
MBS - GSE residential		147,260		-		147,260		-
Total available-for-sale debt securities	$	392,420	$	-	$	392,420	$	-

Fair Value Measurements at Fair Value Segregated by Hierarchy Fair Value Levels

			Quoted prices in		Significant other		Significant other
	Total carrying value		active markets		observable inputs		unobservable inputs
(dollars in thousands)	at March 31, 2021		(Level 1)		(Level 2)		(Level 3)
Impaired loans	$	3,199	$	-	$	-	$	3,199
Other real estate owned		177		-		-		177
Total	$	3,376	$	-	$	-	$	3,376

			Quoted prices in		Significant other		Significant other
	Total carrying value		active markets		observable inputs		unobservable inputs
(dollars in thousands)	at December 31, 2020		(Level 1)		(Level 2)		(Level 3)
Impaired loans	$	2,930	$	-	$	-	$	2,930
Other real estate owned		182		-		-		182
Total	$	3,112	$	-	$	-	$	3,112