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FAIR VALUE (Tables) | 9 Months Ended
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Sep. 30, 2021
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets (Liabilities) Measured at Fair Value | The following tables summarize quantitative disclosures about the fair value measurements for each category of financial assets (liabilities) carried at fair value:
As of September 30, 2021 |  | Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Other Unobservable Inputs (Level 3) |
Assets (liabilities) at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | 159,142 |  |  | $ | — |  |  | $ | 159,142 |  |  | $ | — |
Collateralized mortgage obligations |  |  | 64,623 |  |  |  | — |  |  |  | 64,623 |  |  |  | — |
Corporate bonds |  |  | 35,246 |  |  |  | — |  |  |  | 35,246 |  |  |  | — |
U.S. government agencies |  |  | 10,059 |  |  |  | — |  |  |  | 10,059 |  |  |  | — |
Loans held for sale |  |  | 1,903 |  |  |  | — |  |  |  | — |  |  |  | 1,903 |
Cash surrender value of life insurance |  |  | 36,582 |  |  |  | — |  |  |  | 36,582 |  |  |  | — |
SBA servicing assets |  |  | 808 |  |  |  | — |  |  |  | — |  |  |  | 808 |
Derivative instrument liabilities |  |  | (151 | ) |  |  | — |  |  |  | (151 | ) |  |  | — |
Assets at fair value on a nonrecurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated collateral dependent loans |  |  | 4,418 |  |  |  | — |  |  |  | — |  |  |  | 4,418 |
As of December 31, 2020 |  | Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Other Unobservable Inputs (Level 3) |
Assets (liabilities) at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | 107,164 |  |  | $ | — |  |  | $ | 107,164 |  |  | $ | — |
Collateralized mortgage obligations |  |  | 66,945 |  |  |  | — |  |  |  | 66,945 |  |  |  | — |
Municipal securities |  |  | 175,704 |  |  |  | — |  |  |  | 175,704 |  |  |  | — |
Corporate bonds |  |  | 30,982 |  |  |  | — |  |  |  | 30,982 |  |  |  | — |
Loans held for sale |  |  | 5,542 |  |  |  | — |  |  |  | — |  |  |  | 5,542 |
Cash surrender value of life insurance |  |  | 35,510 |  |  |  | — |  |  |  | 35,510 |  |  |  | — |
SBA servicing assets |  |  | 763 |  |  |  | — |  |  |  | — |  |  |  | 763 |
Derivative instrument assets |  |  | 629 |  |  |  | — |  |  |  | 629 |  |  |  | — |
Derivative instrument liabilities |  |  | (1,151 | ) |  |  | — |  |  |  | (1,151 | ) |  |  | — |
Assets at fair value on a nonrecurring basis: |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated collateral dependent loans |  |  | 8,427 |  |  |  | — |  |  |  | — |  |  |  | 8,427 |
Schedule of Foreclosed Assets Measured at Fair Value | The following table presents foreclosed assets that were remeasured and recorded at fair value as of:
|  | September 30, 2021 |  |  | December 31, 2020 |  |  | September 30, 2020 |
Other real estate owned remeasured at initial recognition: |  |  |  |  |  |  |  |  |
Carrying value of other real estate owned prior to remeasurement |  | $ | — |  |  | $ | 42 |  |  | $ | — |
Charge-offs recognized in the allowance for credit losses |  |  | — |  |  |  | (9 | ) |  |  | — |
Fair value of other real estate owned remeasured at initial recognition |  | $ | — |  |  | $ | 33 |  |  | $ | — |
Other real estate owned remeasured subsequent to initial recognition: |  |  |  |  |  |  |  |  |
Carrying value of other real estate owned prior to remeasurement |  | $ | — |  |  | $ | 62 |  |  | $ | 62 |
Write-downs included in collection and other real estate owned expense |  |  | — |  |  |  | (1 | ) |  |  | (1 | )
Fair value of other real estate owned remeasured subsequent to initial recognition |  | $ | — |  |  | $ | 61 |  |  | $ | 61 |
Schedule of Quantitative Information About Nonrecurring Level 3 Fair Value Measurements | The following table presents quantitative information about nonrecurring Level 3 fair value measurements as of:
September 30, 2021 |  | Fair Value |  |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range (Weighted Average)
Other real estate owned |  | $ | 40 |  |  | Appraisal value of collateral |  | Selling costs or other normal adjustments |  | 10%-20% (16%)
December 31, 2020 |  | Fair Value |  |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range (Weighted Average)
Other real estate owned |  | $ | 404 |  |  | Appraisal value of collateral |  | Selling costs or other normal adjustments |  | 10%-20% (16%)
Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value | The following table presents information on individually evaluated collateral dependent loans as of September 30, 2021:
|  | Fair Value Measurements Using |  |  |  |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total Fair Value |
Commercial and industrial |  | $ | — |  |  | $ | — |  |  | $ | 79 |  |  | $ | 79 |
Real estate: |  |  |  |  |  |  |  |  |  |  |  |
Construction and development |  |  | — |  |  |  | — |  |  |  | 402 |  |  |  | 402 |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | 3,937 |  |  |  | 3,937 |
Total |  | $ | — |  |  | $ | — |  |  | $ | 4,418 |  |  | $ | 4,418 |
Schedule of Carrying Amounts And Estimated Fair Values of Financial Instruments | The carrying amounts and estimated fair values of financial instruments not previously discussed in this note, as of September 30, 2021 and December 31, 2020, are as follows:
|  | Fair value measurements as of September 30, 2021 using: |
|  | Carrying Amount |  |  | Level 1 Inputs |  |  | Level 2 Inputs |  |  | Level 3 Inputs |  |  | Total Fair Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash, due from banks, federal funds sold and interest-bearing deposits |  | $ | 408,875 |  |  | $ | 408,875 |  |  | $ | — |  |  | $ | — |  |  | $ | 408,875 |
Marketable securities held to maturity |  |  | 173,676 |  |  |  | — |  |  |  | 182,631 |  |  |  | — |  |  |  | 182,631 |
Loans, net |  |  | 1,938,268 |  |  |  | — |  |  |  | — |  |  |  | 1,949,191 |  |  |  | 1,949,191 |
Accrued interest receivable |  |  | 7,673 |  |  |  | — |  |  |  | 7,673 |  |  |  | — |  |  |  | 7,673 |
Nonmarketable equity securities |  |  | 14,061 |  |  |  | — |  |  |  | 14,061 |  |  |  | — |  |  |  | 14,061 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 2,563,071 |  |  | $ | 2,221,716 |  |  | $ | 342,153 |  |  | $ | — |  |  | $ | 2,563,869 |
Securities sold under repurchase agreements |  |  | 11,195 |  |  |  | — |  |  |  | 11,195 |  |  |  | — |  |  |  | 11,195 |
Accrued interest payable |  |  | 555 |  |  |  | — |  |  |  | 555 |  |  |  | — |  |  |  | 555 |
Federal Home Loan Bank advances |  |  | 47,500 |  |  |  | — |  |  |  | 47,653 |  |  |  | — |  |  |  | 47,653 |
Subordinated debentures |  |  | 19,810 |  |  |  | — |  |  |  | 17,813 |  |  |  | — |  |  |  | 17,813 |
|  | Fair value measurements as of December 31, 2020 using: |
|  | Carrying Amount |  |  | Level 1 Inputs |  |  | Level 2 Inputs |  |  | Level 3 Inputs |  |  | Total Fair Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash, due from banks, federal funds sold and interest-bearing deposits |  | $ | 351,792 |  |  | $ | 351,792 |  |  | $ | — |  |  | $ | — |  |  | $ | 351,792 |
Loans, net |  |  | 1,831,737 |  |  |  | — |  |  |  | — |  |  |  | 1,846,868 |  |  |  | 1,846,868 |
Accrued interest receivable |  |  | 9,834 |  |  |  | — |  |  |  | 9,834 |  |  |  | — |  |  |  | 9,834 |
Nonmarketable equity securities |  |  | 14,095 |  |  |  | — |  |  |  | 14,095 |  |  |  | — |  |  |  | 14,095 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 2,286,390 |  |  | $ | 1,907,587 |  |  | $ | 380,570 |  |  | $ | — |  |  | $ | 2,288,157 |
Securities sold under repurchase agreements |  |  | 15,631 |  |  |  | — |  |  |  | 15,631 |  |  |  | — |  |  |  | 15,631 |
Accrued interest payable |  |  | 804 |  |  |  | — |  |  |  | 804 |  |  |  | — |  |  |  | 804 |
Federal Home Loan Bank advances |  |  | 109,101 |  |  |  | — |  |  |  | 109,381 |  |  |  | — |  |  |  | 109,381 |
Subordinated debentures |  |  | 19,810 |  |  |  | — |  |  |  | 17,406 |  |  |  | — |  |  |  | 17,406 |

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