Fair Value (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Quantitative information about assets measured utilizing Level 3 fair value measurement

The following tables list the quantitative fair value information about impaired loans as of:

	December 31, 2020
Valuation Technique	Fair Value	Unobservable Input	Actual Range	Weighted Average
		Discount applied to collateral:
		Real Estate	20% - 30%	23%
		Equipment	20% - 50%	32%
Discounted value	$19,540	Cash crop inventory	40%	40%
		Livestock	30%	30%
		Other inventory	50%	50%
		Accounts receivable	25% - 50%	27%
		Liquor license	75%	75%

	December 31, 2019
Valuation Technique	Fair Value	Unobservable Input	Actual Range	Weighted Average
		Discount applied to collateral:
		Real Estate	20% - 30%	22%
		Equipment	20% - 40%	32%
Discounted value	$19,135	Cash crop inventory	40%	40%
		Livestock	30%	30%
		Other inventory	50%	50%
		Accounts receivable	25% - 50%	28%

Carrying amount and estimated fair value of financial instruments not recorded at fair value

The carrying amount and estimated fair value of financial instruments not recorded at fair value in their entirety on a recurring basis were as follows as of December 31:

	2020
	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
ASSETS
Cash and cash equivalents	$	246,640	$	246,640	$	246,640	$	—	$	—
Mortgage loans AFS	2,741		2,858		—		2,858		—
Gross loans	1,238,311		1,239,718		—		—		1,239,718
Less allowance for loan and lease losses	9,744		9,744		—		—		9,744
Net loans	1,228,567		1,229,974		—		—		1,229,974
Accrued interest receivable	6,882		6,882		6,882		—		—
Equity securities without readily determinable fair values (1)	17,383		N/A		—		—		—
OMSR	2,308		2,480		—		2,480		—
LIABILITIES
Deposits without stated maturities	1,183,336		1,183,336		1,183,336		—		—
Deposits with stated maturities	382,981		389,455		—		389,455		—
Borrowed funds	158,747		160,250		—		160,250		—
Accrued interest payable	481		481		481		—		—

	2019
	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
ASSETS
Cash and cash equivalents	$	60,572	$	60,572	$	60,572	$	—	$	—
Mortgage loans AFS	904		925		—		925		—
Gross loans	1,186,570		1,170,370		—		—		1,170,370
Less allowance for loan and lease losses	7,939		7,939		—		—		7,939
Net loans	1,178,631		1,162,431		—		—		1,162,431
Accrued interest receivable	6,501		6,501		6,501		—		—
Equity securities without readily determinable fair values (1)	21,629		N/A		—		—		—
OMSR	2,264		2,264		—		2,264		—
LIABILITIES
Deposits without stated maturities	906,232		906,232		906,232		—		—
Deposits with stated maturities	407,619		409,600		—		409,600		—
Borrowed funds	275,999		278,761		—		278,761		—
Accrued interest payable	860		860		860		—		—

(1) Due to the characteristics of equity securities without readily determinable fair values, they are not disclosed under a specific fair value hierarchy. When an impairment or write-down related to these securities is recorded, such amount would be classified as a nonrecurring Level 3 fair value adjustment

Assets and liabilities measured at fair value

The table below presents the recorded amount of assets and liabilities measured at fair value on December 31:

	2020											2019
	Total		Level 1			Level 2			Level 3			Total		Level 1			Level 2			Level 3
Recurring items
AFS securities
States and political subdivisions	$	143,656	$	—		$	143,656		$	—		$	169,752	$	—		$	169,752		$	—
Auction rate money market preferred	3,237		—			3,237			—			3,119		—			3,119			—
Mortgage-backed securities	88,652		—			88,652			—			140,204		—			140,204			—
Collateralized mortgage obligations	101,983		—			101,983			—			116,764		—			116,764			—
Corporate	1,700		—			1,700			—			—		—			—			—
Total AFS securities	339,228		—			339,228			—			429,839		—			429,839			—
Derivative instruments	54		—			54			—			67		—			67			—
Nonrecurring items
Impaired loans (net of the ALLL)	19,540		—			—			19,540			19,135		—			—			19,135
OMSR	2,308		—			2,308			—			2,264		—			2,264			—
Investment in CSS	—		—			—			—			4,246		—			—			4,246
Foreclosed assets	527		—			—			527			456		—			—			456
Total	$	361,657	$	—		$	341,590		$	20,067		$	456,007	$	—		$	432,170		$	23,837
Percent of assets and liabilities measured at fair value			—		%	94.45		%	5.55		%			—		%	94.77		%	5.23		%