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Fair Value Accounting (Tables) | 9 Months Ended
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Sep. 30, 2020
Fair Value Disclosures [Abstract] |
Schedule of Assets And Liabilities Measured at Fair Value on Recurring Basis | The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019.
|  | September 30, 2020
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |
US government agencies |  | $ | - |  | 5,497 |  | - |  | 5,497
SBA securities |  |  | - |  | 490 |  | - |  | 490
State and political subdivisions |  |  | - |  | 16,544 |  | - |  | 16,544
Asset-backed securities |  |  | - |  | 11,769 |  | - |  | 11,769
Mortgage-backed securities |  |  | - |  | 53,691 |  | - |  | 53,691
Mortgage loans held for sale |  |  | - |  | 63,823 |  | - |  | 63,823
Mortgage loan interest rate lock commitments |  |  | - |  | 2,963 |  | - |  | 2,963
Total assets measured at fair value on a recurring basis |  | $ | - |  | 154,777 |  | - |  | 154,777
Liabilities |  |  |  |  |  |  |  |  |
MBS forward sales commitments |  | $ | - |  | 379 |  | - |  | 379
Total liabilities measured at fair value on a recurring basis |  | $ | - |  | 379 |  | - |  | 379
|  | December 31, 2019
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |
US government agencies |  | $ | - |  | 499 |  | - |  | 499
SBA securities |  |  | - |  | 531 |  | - |  | 531
State and political subdivisions |  |  | - |  | 4,184 |  | - |  | 4,184
Asset-backed securities |  |  | - |  | 13,167 |  | - |  | 13,167
Mortgage-backed securities |  |  | - |  | 49,313 |  | - |  | 49,313
Mortgage loans held for sale |  |  | - |  | 27,046 |  | - |  | 27,046
Mortgage loan interest rate lock commitments |  |  | - |  | 344 |  | - |  | 344
Total assets measured at fair value on a recurring basis |  | $ | - |  | 95,084 |  | - |  | 95,084
Liabilities |  |  |  |  |  |  |  |  |
MBS forward sales commitments |  | $ | - |  | 39 |  | - |  | 39
Total liabilities measured at fair value on a recurring basis |  | $ | - |  | 39 |  | - |  | 39
Schedule of Assets And Liabilities Measured at Fair Value on Nonrecurring Basis | The tables below present the recorded amount of assets and liabilities measured at fair value on a nonrecurring basis as of September 30, 2020 and December 31, 2019.
|  | As of September 30, 2020
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  | 8,787 |  | 3,439 |  | 12,226
Other real estate owned |  |  | - |  | 1,684 |  | - |  | 1,684
Total assets measured at fair value on a nonrecurring basis |  | $ | - |  | 10,471 |  | 3,439 |  | 13,910
|  | As of December 31, 2019
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  | 5,634 |  | 4,941 |  | 10,575
Total assets measured at fair value on a nonrecurring basis |  | $ | - |  | 5,634 |  | 4,941 |  | 10,575
Schedule of Estimated Fair Values of the Company's Financial Instruments | The estimated fair values of the Company’s financial instruments at September 30, 2020 and December 31, 2019 are as follows:
|  | September 30, 2020
|  | Carrying |  | Fair |  |  |  |  |  |
(dollars in thousands) |  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Other investments, at cost |  | $ | 2,589 |  | 2,589 |  | - |  | - |  | 2,589
Loans1 |  |  | 2,022,293 |  | 1,998,389 |  | - |  | - |  | 1,998,389
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 2,181,056 |  | 2,080,946 |  | - |  | 2,080,946 |  | -
Subordinated debentures |  |  | 35,971 |  | 30,092 |  | - |  | 30,092 |  | -
|  | December 31, 2019
|  | Carrying |  | Fair |  |  |  |  |  |
(dollars in thousands) |  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Other investments, at cost |  | $ | 6,948 |  | 6,948 |  | - |  | - |  | 6,948
Loans1 |  |  | 1,914,870 |  | 1,900,216 |  | - |  | - |  | 1,900,216
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 1,876,124 |  | 1,772,121 |  | - |  | 1,772,121 |  | -
FHLB and other borrowings |  |  | 110,000 |  | 109,737 |  | - |  | 109,737 |  | -
Subordinated debentures |  |  | 35,890 |  | 33,250 |  | - |  | 33,250 |  | -
1 | Carrying amount is net of the allowance for loan losses and previously presented impaired loans.

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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=121572278&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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