| Schedule of assets and liabilities measured at fair value on a recurring basis |
| |
|
|
Fair Value Measurements Using |
|
| Measured at Fair Value on a Recurring Basis: |
|
|
Total |
|
|
|
Level 1 |
|
|
|
Level 2 |
|
|
|
Level 3 |
|
| (in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored enterprises |
|
$ |
1,963 |
|
|
$ |
- |
|
|
$ |
1,963 |
|
|
$ |
- |
|
| State, county and municipals |
|
|
187,243 |
|
|
|
- |
|
|
|
186,717 |
|
|
|
526 |
|
| Mortgage-backed securities |
|
|
159,129 |
|
|
|
- |
|
|
|
159,076 |
|
|
|
53 |
|
| Corporate debt securities |
|
|
12,169 |
|
|
|
- |
|
|
|
3,640 |
|
|
|
8,529 |
|
| Equity securities |
|
|
4,783 |
|
|
|
4,783 |
|
|
|
- |
|
|
|
- |
|
| Securities AFS, December 31, 2016 |
|
$ |
365,287 |
|
|
$ |
4,783 |
|
|
$ |
351,396 |
|
|
$ |
9,108 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored enterprises |
|
$ |
294 |
|
|
$ |
- |
|
|
$ |
294 |
|
|
$ |
- |
|
| State, county and municipals |
|
|
105,021 |
|
|
|
- |
|
|
|
104,495 |
|
|
|
526 |
|
| Mortgage-backed securities |
|
|
61,464 |
|
|
|
- |
|
|
|
61,464 |
|
|
|
- |
|
| Corporate debt securities |
|
|
1,140 |
|
|
|
- |
|
|
|
- |
|
|
|
1,140 |
|
| Equity securities |
|
|
4,677 |
|
|
|
4,677 |
|
|
|
- |
|
|
|
- |
|
| Securities AFS, December 31, 2015 |
|
$ |
172,596 |
|
|
$ |
4,677 |
|
|
$ |
166,253 |
|
|
$ |
1,666 |
|
|
| Schedule of estimated fair values of financial instruments |
| December 31, 2016 |
| (in thousands) |
|
Carrying Amount |
|
|
Estimated Fair Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Financial assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
129,103 |
|
|
$ |
129,103 |
|
|
$ |
129,103 |
|
|
$ |
- |
|
|
$ |
- |
|
| Certificates of deposit in other banks |
|
|
3,984 |
|
|
|
3,992 |
|
|
|
- |
|
|
|
3,992 |
|
|
|
- |
|
| Securities AFS |
|
|
365,287 |
|
|
|
365,287 |
|
|
|
4,783 |
|
|
|
351,396 |
|
|
|
9,108 |
|
| Other investments |
|
|
17,499 |
|
|
|
17,499 |
|
|
|
- |
|
|
|
15,779 |
|
|
|
1,720 |
|
| Loans held for sale |
|
|
6,913 |
|
|
|
6,968 |
|
|
|
- |
|
|
|
6,968 |
|
|
|
- |
|
| Loans, net |
|
|
1,557,087 |
|
|
|
1,568,676 |
|
|
|
- |
|
|
|
- |
|
|
|
1,568,676 |
|
| BOLI |
|
|
54,134 |
|
|
|
54,134 |
|
|
|
54,134 |
|
|
|
- |
|
|
|
- |
|
| MSR asset |
|
|
1,922 |
|
|
|
2,013 |
|
|
|
- |
|
|
|
- |
|
|
|
2,013 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financial liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
$ |
1,969,986 |
|
|
$ |
1,969,973 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1,969,973 |
|
| Notes payable |
|
|
1,000 |
|
|
|
1,002 |
|
|
|
- |
|
|
|
1,002 |
|
|
|
- |
|
| Junior subordinated debentures |
|
|
24,732 |
|
|
|
24,095 |
|
|
|
- |
|
|
|
- |
|
|
|
24,095 |
|
| Subordinated notes |
|
|
11,885 |
|
|
|
11,459 |
|
|
|
- |
|
|
|
- |
|
|
|
11,459 |
|
| December 31, 2015 |
| (in thousands) |
|
Carrying Amount |
|
|
Estimated Fair Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Financial assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
83,619 |
|
|
$ |
83,619 |
|
|
$ |
83,619 |
|
|
$ |
- |
|
|
$ |
- |
|
| Certificates of deposit in other banks |
|
|
3,416 |
|
|
|
3,416 |
|
|
|
- |
|
|
|
3,416 |
|
|
|
- |
|
| Securities AFS |
|
|
172,596 |
|
|
|
172,596 |
|
|
|
4,677 |
|
|
|
166,253 |
|
|
|
1,666 |
|
| Other investments |
|
|
8,135 |
|
|
|
8,135 |
|
|
|
- |
|
|
|
5,995 |
|
|
|
2,140 |
|
| Loans held for sale |
|
|
4,680 |
|
|
|
4,755 |
|
|
|
- |
|
|
|
4,755 |
|
|
|
- |
|
| Loans, net |
|
|
866,754 |
|
|
|
865,027 |
|
|
|
- |
|
|
|
- |
|
|
|
865,027 |
|
| BOLI |
|
|
28,475 |
|
|
|
28,475 |
|
|
|
28,475 |
|
|
|
- |
|
|
|
- |
|
| MSR asset |
|
|
193 |
|
|
|
249 |
|
|
|
- |
|
|
|
- |
|
|
|
249 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financial liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Deposits |
|
$ |
1,056,417 |
|
|
$ |
1,057,614 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1,057,614 |
|
| Notes payable |
|
|
15,412 |
|
|
|
18,354 |
|
|
|
- |
|
|
|
18,354 |
|
|
|
- |
|
| Junior subordinated
debentures |
|
|
12,527 |
|
|
|
11,900 |
|
|
|
- |
|
|
|
- |
|
|
|
11,900 |
|
| Subordinated notes |
|
|
11,849 |
|
|
|
11,414 |
|
|
|
- |
|
|
|
- |
|
|
|
11,414 |
|
|