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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2019
Fair Value Disclosures [Abstract] |
Schedule of Hierarchy and Fair Value for Each Major Category of Assets and Liabilities Measured at Fair Value | The following table provides the hierarchy and fair value for each major category of assets and liabilities measured at fair value at December 31, 2019 and 2018:
(dollars in thousands) |  | Fair Value Measurements Using: |  |  |  |  |
December 31, 2019 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets measured at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
On a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government agency securities |  | $ | — |  |  | $ | 1,572 |  |  | $ | — |  |  | $ | 1,572 |
SBA agency securities |  |  | — |  |  |  | 4,691 |  |  |  | — |  |  |  | 4,691 |
Mortgage-backed securities |  |  | — |  |  |  | 19,171 |  |  |  | — |  |  |  | 19,171 |
Collateralized mortgage obligations |  |  | — |  |  |  | 11,654 |  |  |  | — |  |  |  | 11,654 |
Commercial paper |  |  | — |  |  |  | 69,898 |  |  |  |  |  |  |  | 69,898 |
Corporate debt securities |  |  | — |  |  |  | 19,083 |  |  |  | — |  |  |  | 19,083 |
|  | $ | — |  |  | $ | 126,069 |  |  | $ | — |  |  | $ | 126,069 |
On a non-recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other real estate owned |  |  | — |  |  |  | — |  |  |  | 293 |  |  |  | 293 |
|  | $ | — |  |  | $ | — |  |  | $ | 293 |  |  | $ | 293 |
December 31, 2018 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets measured at fair value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
On a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government agency securities |  | $ | — |  |  | $ | 1,815 |  |  | $ | — |  |  | $ | 1,815 |
SBA agency securities |  |  | — |  |  |  | 5,169 |  |  |  | — |  |  |  | 5,169 |
Mortgage-backed securities |  |  | — |  |  |  | 22,541 |  |  |  | — |  |  |  | 22,541 |
Collateralized mortgage obligations |  |  | — |  |  |  | 12,066 |  |  |  | — |  |  |  | 12,066 |
Commercial paper |  |  | — |  |  |  | 14,918 |  |  |  |  |  |  |  | 14,918 |
Corporate debt securities |  |  | — |  |  |  | 17,253 |  |  |  | — |  |  |  | 17,253 |
|  | $ | — |  |  | $ | 73,762 |  |  | $ | — |  |  | $ | 73,762 |
On a non-recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate - collateral dependent impaired loans |  | $ | — |  |  |  | — |  |  | $ | 123 |  |  | $ | 123 |
Other real estate owned |  |  | — |  |  |  | — |  |  | $ | 1,101 |  |  | $ | 1,101 |
|  | $ | — |  |  | $ | — |  |  | $ | 1,224 |  |  | $ | 1,224 |
Summary of Quantitative Information About Non-recurring Level 3 Fair Value Measurements | Quantitative information about the Company's non-recurring Level 3 fair value measurements as of December 31, 2019 and 2018 is as follows:
|  |  |  |  |  |  |  |  |  |  |  |  |  | Weighted- |
(dollars in thousands) |  | Fair Value |  |  | Valuation |  | Unobservable |  | Adjustment |  |  | Average |
December 31, 2019 |  | Amount |  |  | Technique |  | Input |  | Range |  |  | Adjustment |
Other real estate owned |  | $ | 293 |  |  | Third Party |  | Management Adjustments |  | 29% |  |  | 29% |
|  |  |  |  |  | Appraisals |  | to Reflect Current |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Conditions and Selling |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Costs |  |  |  |  |  |  |  |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other real estate owned |  | $ | 1,101 |  |  | Third Party |  | Management Adjustments |  | 16% |  |  | 16% |
|  |  |  |  |  | Appraisals |  | to Reflect Current |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Conditions and Selling |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Costs |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + 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 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=117815213&loc=SL7498348-110258 Reference 4: 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 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + 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 (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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