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Fair Value Accounting (Tables)

3 Months Ended

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				-

X

- 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

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-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

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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

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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

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