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Fair Value Accounting (Tables) | 3 Months Ended
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Mar. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of assets and liabilities measured at fair value on recurring basis |
|  | March 31, 2022 |
(dollars in thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | - |  |  |  | 2,066 |  |  |  | - |  |  |  | 2,066 |
US treasuries |  |  | - |  |  |  | 934 |  |  |  | - |  |  |  | 934 |
US government agencies |  |  | - |  |  |  | 11,818 |  |  |  | - |  |  |  | 11,818 |
State and political subdivisions |  |  | - |  |  |  | 21,641 |  |  |  | - |  |  |  | 21,641 |
Asset-backed securities |  |  | - |  |  |  | 8,351 |  |  |  | - |  |  |  | 8,351 |
Mortgage-backed securities |  |  | - |  |  |  | 62,168 |  |  |  | - |  |  |  | 62,168 |
Mortgage loans held for sale |  |  | - |  |  |  | 17,840 |  |  |  | - |  |  |  | 17,840 |
Mortgage loan interest rate lock commitments |  |  | - |  |  |  | 77 |  |  |  | - |  |  |  | 77 |
MBS forward sales commitments |  |  | - |  |  |  | 436 |  |  |  | - |  |  |  | 436 |
Total assets measured at fair value on a recurring basis |  | $ | - |  |  |  | 125,331 |  |  |  | - |  |  |  | 125,331 |
|  | December 31, 2021 |
(dollars in thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | - |  |  |  | 2,188 |  |  |  | - |  |  |  | 2,188 |
US treasuries |  |  | - |  |  |  | 992 |  |  |  | - |  |  |  | 992 |
US government agencies |  |  | - |  |  |  | 14,169 |  |  |  | - |  |  |  | 14,169 |
SBA securities |  |  | - |  |  |  | 438 |  |  |  | - |  |  |  | 438 |
State and political subdivisions |  |  | - |  |  |  | 25,176 |  |  |  | - |  |  |  | 25,176 |
Asset-backed securities |  |  | - |  |  |  | 10,164 |  |  |  | - |  |  |  | 10,164 |
Mortgage-backed securities |  |  | - |  |  |  | 67,154 |  |  |  | - |  |  |  | 67,154 |
Mortgage loans held for sale |  |  | - |  |  |  | 13,556 |  |  |  | - |  |  |  | 13,556 |
Mortgage loan interest rate lock commitments |  |  | - |  |  |  | 425 |  |  |  | - |  |  |  | 425 |
Total assets measured at fair value on a recurring basis |  | $ | - |  |  |  | 134,262 |  |  |  | - |  |  |  | 134,262 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
MBS forward sales commitments |  | $ | - |  |  |  | 41 |  |  |  | - |  |  |  | 41 |
Total liabilities measured at fair value on a recurring basis |  | $ | - |  |  |  | 41 |  |  |  | - |  |  |  | 41 |
Schedule of assets and liabilities measured at fair value on nonrecurring basis |
|  | As of March 31, 2022 |
(dollars in thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  |  |  | 4,970 |  |  |  | 1,984 |  |  |  | 6,954 |
Total assets measured at fair value on a nonrecurring basis |  | $ | - |  |  |  | 4,970 |  |  |  | 1,984 |  |  |  | 6,954 |
|  | As of December 31, 2021 |
(dollars in thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  |  |  | 5,262 |  |  |  | 2,065 |  |  |  | 7,327 |
Total assets measured at fair value on a nonrecurring basis |  | $ | - |  |  |  | 5,262 |  |  |  | 2,065 |  |  |  | 7,327 |
Schedule of estimated fair values of the company's financial instruments |
|  | March 31, 2022 |
(dollars in thousands) |  | Carrying Amount |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other investments, at cost |  | $ | 4,104 |  |  |  | 4,104 |  |  |  | - |  |  |  | - |  |  |  | 4,104 |
Loans1 |  |  | 2,619,957 |  |  |  | 2,531,268 |  |  |  | - |  |  |  | - |  |  |  | 2,531,268 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 2,623,174 |  |  |  | 2,273,251 |  |  |  | - |  |  |  | 2,273,251 |  |  |  | - |
Subordinated debentures |  |  | 36,133 |  |  |  | 34,978 |  |  |  | - |  |  |  | 34,978 |  |  |  | - |
|  | December 31, 2021 |
(dollars in thousands) |  | Carrying Amount |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other investments, at cost |  | $ | 4,021 |  |  |  | 4,021 |  |  |  | - |  |  |  | - |  |  |  | 4,021 |
Loans1 |  |  | 2,451,306 |  |  |  | 2,422,621 |  |  |  | - |  |  |  | - |  |  |  | 2,422,621 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 2,563,826 |  |  |  | 2,327,055 |  |  |  | - |  |  |  | 2,327,055 |  |  |  | - |
Subordinated debentures |  |  | 36,106 |  |  |  | 33,936 |  |  |  | - |  |  |  | 33,936 |  |  |  | - |

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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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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 https://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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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