Cash and Cash Equivalents (Tables)

12 Months Ended

Dec. 31, 2018

Cash and Cash Equivalents [Abstract]

Schedules of Cash and Cash Equivalents

Cash and due from banks, which represents vault cash in the retail offices and invested cash balances at the Federal Reserve, is carried at fair value.

(in thousands)	December 31, 2018		December 31, 2017
Cash and due from banks, weighted average interest rate of 0.58% (at December 31, 2018)	$	22,187	$	82,273

Interest bearing deposits in banks, which represent funds invested at a correspondent bank, are carried at fair value and, as of December 31, 2018 and 2017, consisted of daily funds invested at the FHLB of Atlanta, and M&T Bank (“M&T”).

(in thousands)	December 31, 2018		December 31, 2017
FHLB daily investments, interest rate of 2.30% (at December 31, 2018)	$	338	$	464
M&T daily investments, interest rate of 0.15% (at December 31, 2018)		1,016		1,015
	$	1,354	$	1,479