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v3.21.1

Fair Value Measurements - Carrying amount, fair value and placement in the fair value hierarchy of financial instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020
--- | --- | ---
Financial assets: |  |  |
Cash and due from banks | $ 16,593 | $ 20,835 | [1]
Interest-bearing deposits at other institutions | 203,285 | 120,228 | [1]
Securities held-to-maturity | 264 | 264 | [1]
Securities available-for-sale | 135,104 | 126,151 | [1]
Restricted stock | 6,377 | 6,563 | [1]
Loans, net | 1,432,491 | 1,451,125 | [1]
Bank owned life insurance | 38,425 | 38,178 | [1]
Accrued interest receivable | 8,912 | 9,135 | [1]
Financial liabilities: |  |  |
Time deposits | 269,939 | 313,053 | [1]
FHLB advances | 25,000 | 25,000 | [1]
Subordinated notes | 44,116 | 44,085 | [1]
Accrued interest payable | 1,372 | 685 | [1]
Carrying Amount |  |  |
Financial assets: |  |  |
Cash and due from banks | 16,593 | 20,835 |
Interest-bearing deposits at other institutions | 203,285 | 120,228 |
Securities held-to-maturity | 264 | 264 |
Securities available-for-sale | 135,104 | 126,151 |
Restricted stock | 6,377 | 6,563 |
Loans, net | 1,432,491 | 1,451,125 |
Bank owned life insurance | 38,425 | 38,178 |
Accrued interest receivable | 8,912 | 9,135 |
Financial liabilities: |  |  |
Checking, savings and money market accounts | 1,324,700 | 1,219,440 |
Time deposits | 269,939 | 313,053 |
FHLB advances | 25,000 | 25,000 |
Subordinated notes | 44,116 | 44,085 |
Accrued interest payable | 1,372 | 685 |
Level 1 |  |  |
Financial assets: |  |  |
Cash and due from banks | 16,593 | 20,835 |
Interest-bearing deposits at other institutions | 203,285 | 120,228 |
Level 2 |  |  |
Financial assets: |  |  |
Securities held-to-maturity | 272 | 274 |
Securities available-for-sale | 135,104 | 126,151 |
Restricted stock | 6,377 | 6,563 |
Bank owned life insurance | 38,425 | 38,178 |
Accrued interest receivable | 8,912 | 9,135 |
Financial liabilities: |  |  |
Checking, savings and money market accounts | 1,324,700 | 1,219,440 |
Time deposits | 272,710 | 316,341 |
FHLB advances | 25,000 | 25,000 |
Subordinated notes | 40,889 | 42,438 |
Accrued interest payable | 1,372 | 685 |
Level 3 |  |  |
Financial assets: |  |  |
Loans, net | $ 1,442,367 | $ 1,463,270 |
[1] | Derived from audited consolidated financial statements.

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