Disclosures About Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2019

Disclosures About Fair Value of Assets and Liabilities [Abstract]

Assets Measured at Fair Value on Nonrecurring Basis

The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2019 and December 31, 2018 (dollars in thousands):

	Fair Value		(Level 1)		(Level 2)		(Level 3)

June 30, 2019
Impaired loans (collateral- dependent)	$	1,919	$	-	$	-	$	1,919
Foreclosed assets held for sale	$	188	$	-	$	-	$	188

December 31, 2018
Impaired loans (collateral-dependent)	$	506	$	-	$	-	$	506
Foreclosed assets held for sale	$	110	$	-	$	-	$	110

Quantitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements

The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements.

	Fair Value		Valuation Technique	Unobservable Inputs	Weighted- Average
June 30, 2019

Collateral-dependent impaired loans	$	1,919	Appraisals from comparable properties	Estimated cost to sell		3-5	%

Foreclosed assets held for sale	$	188	Appraisals from comparable properties	Estimated cost to sell		7-10	%

December 31, 2018
Collateral-dependent impaired loans	$	506	Appraisals from comparable properties	Estimated cost to sell		7-10	%

Foreclosed assets held for sale	$	110	Appraisals from comparable properties	Estimated cost to sell		7-10	%

Estimated Fair Value of Financial Instruments not Recorded at Fair Value

The following tables presents estimated fair values of the Company’s financial instruments not recorded at fair value at June 30, 2019 and December 31, 2018 (dollars in thousands):

	Carrying		Fair Value Measurements
	Amount		Level 1		Level 2		Level 3		Total
June 30, 2019

Financial Assets
Cash and due from banks	$	123,763	$	123,763	$	-	$	-	$	123,763
Interest-bearing time deposits in other banks	$	32,632	$	-	$	32,631	$	-	$	32,631
Loans, net of allowance	$	623,614	$	-	$	621,399	$	1,919	$	623,318
Mortgage loans held for sale	$	8	$	-	$	8	$	-	$	8
Nonmarketable equity securities	$	1,069	$	-	$	1,069	$	-	$	1,069
Interest receivable	$	4,270	$	-	$	4,270	$	-	$	4,270

Financial Liabilities
Deposits	$	696,055	$	-	$	696,015	$	-	$	696,015
Interest payable	$	607	$	-	$	607	$	-	$	607

December 31, 2018

Financial Assets
Cash and due from banks	$	128,090	$	128,090	$	-	$	-	$	128,090
Interest-bearing time deposits in other banks	$	31,759	$	-	$	31,758	$	-	$	31,758
Loans, net of allowance	$	592,078	$	-	$	591,893	$	506	$	592,399
Mortgage loans held for sale	$	512	$	-	$	512	$	-	$	512
Nonmarketable equity securities	$	1,055	$	-	$	1,055	$	-	$	1,055
Interest receivable	$	4,538	$	-	$	4,538	$	-	$	4,538

Financial Liabilities
Deposits	$	675,903	$	-	$	675,017	$	-	$	675,017
Interest payable	$	461	$	-	$	461	$	-	$	461