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Disclosures About Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Disclosures About Fair Value Of Financial Instruments [Abstract]

Summary of Estimated Fair Values and Related Carrying Amounts 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

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

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