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Fair Value Accounting (Tables) | 6 Months Ended
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Jun. 30, 2021
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 June 30, 2021 and December 31, 2020.
|  | June 30, 2021
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |
US treasuries |  | $ | - |  | 1,005 |  | - |  | 1,005
US government agencies |  |  | - |  | 7,354 |  | - |  | 7,354
SBA securities |  |  | - |  | 475 |  | - |  | 475
State and political subdivisions |  |  | - |  | 19,754 |  | - |  | 19,754
Asset-backed securities |  |  | - |  | 10,911 |  | - |  | 10,911
Mortgage-backed securities |  |  | - |  | 51,733 |  | - |  | 51,733
Mortgage loans held for sale |  |  | - |  | 36,427 |  | - |  | 36,427
Mortgage loan interest rate lock commitments |  |  | - |  | 708 |  | - |  | 708
Total assets measured at fair value on a recurring basis |  | $ | - |  | 128,367 |  | - |  | 128,367
Liabilities |  |  |  |  |  |  |  |  |
MBS forward sales commitments |  | $ | - |  | 75 |  | - |  | 75
Total liabilities measured at fair value on a recurring basis |  | $ | - |  | 75 |  | - |  | 75
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|  | December 31, 2020
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |
US government agencies |  | $ | - |  | 6,493 |  | - |  | 6,493
SBA securities |  |  | - |  | 485 |  | - |  | 485
State and political subdivisions |  |  | - |  | 19,388 |  | - |  | 19,388
Asset-backed securities |  |  | - |  | 11,529 |  | - |  | 11,529
Mortgage-backed securities |  |  | - |  | 56,834 |  | - |  | 56,834
Mortgage loans held for sale |  |  | - |  | 60,257 |  | - |  | 60,257
Mortgage loan interest rate lock commitments |  |  | - |  | 2,385 |  | - |  | 2,385
Total assets measured at fair value on a recurring basis |  | $ | - |  | 157,371 |  | - |  | 157,371
Liabilities |  |  |  |  |  |  |  |  |
MBS forward sales commitments |  | $ | - |  | 501 |  | - |  | 501
Total liabilities measured at fair value on a recurring basis |  | $ | - |  | 501 |  | - |  | 501
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 June 30, 2021 and December 31, 2020.
|  | As of June 30, 2021
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  | 7,181 |  | 2,618 |  | 9,799
Other real estate owned |  |  | - |  | 366 |  | - |  | 366
Total assets measured at fair value on a nonrecurring basis |  | $ | - |  | 7,547 |  | 2,618 |  | 10,165
|  | As of December 31, 2020
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  | 8,144 |  | 3,109 |  | 11,253
Other real estate owned |  |  | - |  | 1,169 |  | - |  | 1,169
Total assets measured at fair value on a nonrecurring basis |  | $ | - |  | 9,313 |  | 3,109 |  | 12,422
Schedule of Estimated Fair Values of the Company's Financial Instruments | The estimated fair values of the Company’s financial instruments at June 30, 2021 and December 31, 2020 are as follows:
|  | June 30, 2021
|  | Carrying |  | Fair |  |  |  |  |  |
(dollars in thousands) |  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Other investments, at cost |  | $ | 2,770 |  | 2,770 |  | - |  | - |  | 2,770
Loans1 |  |  | 2,200,836 |  | 2,158,807 |  | - |  | - |  | 2,158,807
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 2,310,892 |  | 2,142,590 |  | - |  | 2,142,590 |  | -
Subordinated debentures |  |  | 36,052 |  | 33,737 |  | - |  | 33,737 |  | -
|  | December 31, 2020
|  | Carrying |  | Fair |  |  |  |  |  |
(dollars in thousands) |  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Other investments, at cost |  | $ | 3,635 |  | 3,635 |  | - |  | - |  | 3,635
Loans1 |  |  | 2,085,756 |  | 2,060,698 |  | - |  | - |  | 2,060,698
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 2,142,758 |  | 2,008,317 |  | - |  | 2,008,317 |  | -
FHLB and other borrowings |  |  | 25,000 |  | 24,972 |  | - |  | 24,972 |  | -
Subordinated debentures |  |  | 35,998 |  | 30,371 |  | - |  | 30,371 |  | -
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=123874694&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=123874694&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=123874694&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=123594938&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=123874694&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=123874694&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=123874694&loc=d3e19207-110258 + Details
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