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Fair Value Measurements and Disclosures (Tables) | 12 Months Ended
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Dec. 31, 2019
Fair Value Disclosures [Abstract] |
Summary of Assets and Liabilities Measured on Recurring Basis | The following tables present the balances of assets and liabilities measured on a recurring basis as of December 31, 2019 and 2018 aggregated by the level in the fair value hierarchy in which these measurements fall.
(dollars in thousands) |  | December 31, 2019 |  | Level 1 |  | Level 2 |  | Level 3
Available for sale securities: |  |  |  |  |  |  |  |
U.S. agency mortgage-backed |  | $ | 95,172 |  |  | $ | — |  |  | $ | 95,172 |  |  | $ | — |
Collateralized mortgage obligations |  | 142,451 |  |  | — |  |  | 142,451 |  |  | — |
Municipal bonds |  | 16,005 |  |  | — |  |  | 16,005 |  |  | — |
U.S. government agency |  | 3,693 |  |  | — |  |  | 3,693 |  |  | — |
Total |  | $ | 257,321 |  |  | $ | — |  |  | $ | 257,321 |  |  | $ | — |
(dollars in thousands) |  | December 31, 2018 |  | Level 1 |  | Level 2 |  | Level 3
Available for sale securities: |  |  |  |  |  |  |  |
U.S. agency mortgage-backed |  | $ | 85,909 |  |  | $ | — |  |  | $ | 85,909 |  |  | $ | — |
Collateralized mortgage obligations |  | 143,591 |  |  | — |  |  | 143,591 |  |  | — |
Municipal bonds |  | 21,477 |  |  | — |  |  | 21,477 |  |  | — |
U.S. government agency |  | 9,154 |  |  | — |  |  | 9,154 |  |  | — |
Total |  | $ | 260,131 |  |  | $ | — |  |  | $ | 260,131 |  |  | $ | — |
Summary of Financial Assets and Liabilities Measured at Fair Value on Nonrecurring Basis | The Company has segregated all financial assets and liabilities that are measured at fair value on a nonrecurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date in the tables below.
|  |  |  | Fair Value Measurements Using |  |  |  |
(dollars in thousands) |  | December 31, 2019 |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |  |
Impaired loans |  | $ | 7,365 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,365 |
Foreclosed assets and ORE |  | 4,156 |  |  | — |  |  | — |  |  | 4,156 |
Total |  | $ | 11,521 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,521 |
|  |  |  | Fair Value Measurements Using |  |  |  |
(dollars in thousands) |  | December 31, 2018 |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |  |
Impaired loans |  | $ | 8,723 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,723 |
Foreclosed assets and ORE |  | 1,558 |  |  | — |  |  | — |  |  | 1,558 |
Total |  | $ | 10,281 |  |  | $ | — |  |  | $ | — |  |  | $ | 10,281 |
Schedule of Significant Unobservable Inputs Used in Fair Value Measurement of Level 3 Assets | The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets.
(dollars in thousands) |  | Fair Value |  | Valuation Technique |  | Unobservable Inputs |  | Range of Discounts |  | Weighted Average Discount
As of December 31, 2019 |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | 7,365 |  |  | Third party appraisals and discounted cash flows |  | Collateral discounts and discount rates |  | 0% - 84% |  | 13 | %
Foreclosed assets and ORE |  | $ | 4,156 |  |  | Third party appraisals, sales contracts, Broker price opinions |  | Collateral discounts and estimated costs to sell |  | 6% - 61% |  | 14 | %
(dollars in thousands) |  | Fair Value |  | Valuation Technique |  | Unobservable Inputs |  | Range of Discounts |  | Weighted Average Discount
As of December 31, 2018 |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | 8,723 |  |  | Third party appraisals and discounted cash flows |  | Collateral discounts and discount rates |  | 0% - 100% |  | 12 | %
Foreclosed assets and ORE |  | $ | 1,558 |  |  | Third party appraisals, sales contracts, Broker price opinions |  | Collateral discounts and estimated costs to sell |  | 6% - 68% |  | 20 | %
Summary of Fair Values of Company's Financial Instruments | The fair value of off-balance sheet financial instruments as of December 31, 2019 and 2018 was immaterial.
|  |  |  | Fair Value Measurements at December 31, 2019 |  |  |  |  |  |
(dollars in thousands) |  | Carrying Amount |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 39,847 |  |  | $ | 39,847 |  |  | $ | 39,847 |  |  | $ | — |  |  | $ | — |
Interest-bearing deposits in banks |  | 449 |  |  | 449 |  |  | 449 |  |  | — |  |  | — |
Investment securities available for sale |  | 257,321 |  |  | 257,321 |  |  | — |  |  | 257,321 |  |  | — |
Investment securities held to maturity |  | 7,149 |  |  | 7,194 |  |  | — |  |  | 7,194 |  |  | — |
Mortgage loans held for sale |  | 6,990 |  |  | 6,990 |  |  | — |  |  | 6,990 |  |  | — |
Loans, net |  | 1,696,493 |  |  | 1,690,308 |  |  | — |  |  | 1,682,943 |  |  | 7,365 |
Cash surrender value of BOLI |  | 39,466 |  |  | 39,466 |  |  | 39,466 |  |  | — |  |  | — |
Financial Liabilities |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,820,975 |  |  | $ | 1,821,868 |  |  | $ | — |  |  | $ | 1,821,868 |  |  | $ | — |
Other borrowings |  | 5,539 |  |  | 5,895 |  |  | — |  |  | 5,895 |  |  | — |
Long-term FHLB advances |  | 40,620 |  |  | 40,580 |  |  | — |  |  | 40,580 |  |  | — |
|  |  |  | Fair value Measurements at December 31, 2018 |  |  |  |  |  |
(dollars in thousands) |  | Carrying Amount |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 59,618 |  |  | $ | 59,618 |  |  | $ | 59,618 |  |  | $ | — |  |  | $ | — |
Interest-bearing deposits in banks |  | 939 |  |  | 939 |  |  | 939 |  |  | — |  |  | — |
Investment securities available for sale |  | 260,131 |  |  | 260,131 |  |  | — |  |  | 260,131 |  |  | — |
Investment securities held to maturity |  | 10,872 |  |  | 10,841 |  |  | — |  |  | 10,841 |  |  | — |
Mortgage loans held for sale |  | 2,086 |  |  | 2,086 |  |  | — |  |  | 2,086 |  |  | — |
Loans, net |  | 1,633,406 |  |  | 1,623,920 |  |  | — |  |  | 1,615,197 |  |  | 8,723 |
Cash surrender value of BOLI |  | 29,560 |  |  | 29,560 |  |  | 29,560 |  |  | — |  |  | — |
Financial Liabilities |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,773,217 |  |  | $ | 1,769,087 |  |  | $ | — |  |  | $ | 1,769,087 |  |  | $ | — |
Other borrowings |  | 5,539 |  |  | 5,542 |  |  | — |  |  | 5,542 |  |  | — |
Long-term FHLB advances |  | 58,698 |  |  | 57,527 |  |  | — |  |  | 57,527 |  |  | — |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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