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Fair Value Accounting (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on recurring basis

		June 30, 2022
(dollars in thousands)		Level 1				Level 2				Level 3				Total
Assets
Securities available for sale
Corporate bonds		$	-				1,981				-				1,981
US treasuries			-				905				-				905
US government agencies			-				11,253				-				11,253
State and political subdivisions			-				19,979				-				19,979
Asset-backed securities			-				7,753				-				7,753
Mortgage-backed securities			-				57,120				-				57,120
Mortgage loans held for sale			-				18,329				-				18,329
Mortgage loan interest rate lock commitments			-				250				-				250
Total assets measured at fair value on a recurring basis		$	-				117,570				-				117,570
Liabilities
MBS forward sales commitments		$	-				31				-				31
Total liabilities measured at fair value on a recurring basis		$	-				31				-				31

		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 June 30, 2022
(dollars in thousands)		Level 1			Level 2			Level 3			Total
Assets
Individually assessed loans		$	-			321			3,688			4,009
Total assets measured at fair value on a nonrecurring basis		$	-			321			3,688			4,009

		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

		June 30, 2022
(dollars in thousands)		Carrying Amount			Fair Value			Level 1			Level 2			Level 3
Financial Assets:
Other investments, at cost		$	5,065			5,065			-			-			5,065
Loans1			2,804,524			2,688,356			-			-			2,688,356
Financial Liabilities:
Deposits			2,822,594			2,419,809			-			2,419,809			-
Subordinated debentures			36,160			36,651			-			36,651			-

		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

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Topic 820
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-Section 50
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-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

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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
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-SubTopic 10
-Section 50
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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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