FAIR VALUE DISCLOSURES (Tables)

12 Months Ended

Dec. 31, 2021

FAIR VALUE DISCLOSURES

Financial assets and financial liabilities measured at fair value on a recurring basis

	December 31,
(Dollars in thousands)	2021		2020
Fair value of financial assets:
Level 1 inputs:
Equity securities	$	1,173	$	1,193
Debt securities available for sale - U.S. Treasury securities		11,797		—
Level 2 inputs:
Debt securities available for sale:
State and municipal securities		172,600		93,037
U.S. agency securities:
Callable debentures		2,973		—
Collateralized mortgage obligations		62,382		35,402
Mortgage-backed securities		174,121		107,649
Interest rate swaps		3,543		8,618
Level 3 inputs:
Credit risk participation agreement		15		40
Total fair value of financial assets	$	428,604	$	245,939
Fair value of financial liabilities:
Level 2 inputs:
Interest rate swaps	$	3,543	$	8,618
Total fair value of financial liabilities	$	3,543	$	8,618

Financial assets measured at fair value on a non-recurring basis are certain impaired loans

	December 31, 2021						December 31, 2020
(Dollars in thousands)	Recorded Investment		Specific ACL		Net		Recorded Investment		Specific ACL		Net
Level 3 inputs:
Loans evaluated individually
Commercial and industrial	$	9,624	$	3,986	$	5,638	$	10,509	$	5,004	$	5,505
Commercial real estate		2,629		609		2,020		5,727		323		5,404
Consumer		125		125		—		—		—		—
Other		—		—		—		1,232		205		1,027
Total	$	12,378	$	4,720	$	7,658	$	17,468	$	5,532	$	11,936

Fair market values and carrying amounts of financial instruments that are reported at cost

	December 31, 2021				December 31, 2020
			Carrying				Carrying
(Dollars in thousands)	Fair Value		Amount		Fair Value		Amount
Financial assets:
Level 1 inputs:
Cash and due from banks	$	950,146	$	950,146	$	538,007	$	538,007
Level 2 inputs:
Bank-owned life insurance		73,156		73,156		72,338		72,338
Accrued interest receivable		11,616		11,616		13,350		13,350
Servicing asset		352		352		190		190
Level 3 inputs:
Loans, including held for sale, net		2,864,663		2,836,343		2,919,854		2,886,153
Other investments		17,727		17,727		18,652		18,652
Total financial assets	$	3,917,660	$	3,889,340	$	3,562,391	$	3,528,690
Financial liabilities:
Level 1 inputs:
Noninterest-bearing deposits	$	1,784,981	$	1,784,981	$	1,476,425	$	1,476,425
Level 2 inputs:
Interest-bearing deposits		2,040,794		2,046,303		1,894,558		1,825,369
Federal Home Loan Bank advances		50,591		50,000		51,726		50,000
Accrued interest payable		201		201		398		398
Total financial liabilities	$	3,876,567	$	3,881,485	$	3,423,107	$	3,352,192