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Disclosures About Fair Value of Financial Instruments | 3 Months Ended
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Mar. 31, 2020
Disclosures About Fair Value Of Financial Instruments [Abstract] |
Disclosures About Fair Value of Financial Instruments | Note 10 – Disclosures About Fair Value of Financial Instruments The estimated fair values, and related carrying amounts, of the Company’s financial instruments at the dates presented are as follows:
|  |  |  | Fair Value Measurements at March 31, 2020 |  |  |  |  |
| Carrying Amount |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Fair Value |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and short-term investments | $ | 67,158 |  |  | $ | 67,158 |  |  | $ | — |  |  | $ | — |  |  | $ | 67,158 |
Federal funds sold |  | 164 |  |  |  | 164 |  |  |  | — |  |  |  | — |  |  |  | 164 |
Investment securities |  | 120,255 |  |  |  | — |  |  |  | 121,690 |  |  |  | — |  |  |  | 121,690 |
Loans held for sale |  | 90,019 |  |  |  | — |  |  |  | 90,019 |  |  |  | — |  |  |  | 90,019 |
Net loans held for investment |  | 666,038 |  |  |  | — |  |  |  | — |  |  |  | 696,476 |  |  |  | 696,476 |
Accrued interest receivable |  | 2,486 |  |  |  | — |  |  |  | 2,486 |  |  |  | — |  |  |  | 2,486 |
Bank-owned life insurance |  | 14,827 |  |  |  | — |  |  |  | 14,827 |  |  |  | — |  |  |  | 14,827 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | 769,160 |  |  |  | — |  |  |  | 598,213 |  |  |  | 176,931 |  |  |  | 775,144 |
Other borrowed funds |  | 140,900 |  |  |  | — |  |  |  | 142,239 |  |  |  | — |  |  |  | 142,239 |
Subordinated debt, net |  | 9,809 |  |  |  | — |  |  |  | — |  |  |  | 9,809 |  |  |  | 9,809 |
Accrued interest payable |  | 674 |  |  |  | — |  |  |  | 674 |  |  |  | — |  |  |  | 674 |
|  |  |  | Fair Value Measurements at December 31, 2019 |  |  |  |  |
| Carrying Amount |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Fair Value |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and short-term investments | $ | 60,026 |  |  | $ | 60,026 |  |  | $ | — |  |  | $ | — |  |  | $ | 60,026 |
Federal funds sold |  | 480 |  |  |  | 480 |  |  |  | — |  |  |  | — |  |  |  | 480 |
Investment securities |  | 128,897 |  |  |  | — |  |  |  | 129,359 |  |  |  | — |  |  |  | 129,359 |
Loans held for sale |  | 55,646 |  |  |  | — |  |  |  | 55,646 |  |  |  | — |  |  |  | 55,646 |
Net loans held for investment |  | 642,262 |  |  |  | — |  |  |  | — |  |  |  | 643,878 |  |  |  | 643,878 |
Accrued interest receivable |  | 2,590 |  |  |  | — |  |  |  | 2,590 |  |  |  | — |  |  |  | 2,590 |
Bank-owned life insurance |  | 14,734 |  |  |  | — |  |  |  | 14,734 |  |  |  | — |  |  |  | 14,734 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | 722,030 |  |  |  | — |  |  |  | 542,805 |  |  |  | 168,736 |  |  |  | 711,541 |
Other borrowed funds |  | 124,800 |  |  |  | — |  |  |  | 124,971 |  |  |  | — |  |  |  | 124,971 |
Subordinated debt, net |  | 9,800 |  |  |  | — |  |  |  | — |  |  |  | 9,784 |  |  |  | 9,784 |
Accrued interest payable |  | 706 |  |  |  | — |  |  |  | 706 |  |  |  | — |  |  |  | 706 |

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- Definition Disclosures About Fair Value of Financial Instruments [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
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