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Fair Value Measurements And Fair Values Of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Measurements And Fair Values Of Financial Instruments [Abstract]

Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis

(Dollars in thousands)		Fair Value at March 31, 2021
Asset Description		Level 1			Level 2			Level 3			Total
Equity securities, at fair value		$	444		$	—		$	—		$	444
Available for sale:
U.S. Government and Agency securities			9,832			11,084			—			20,916
Municipal securities			—			237,258			—			237,258
Corporate securities			—			22,157			—			22,157
Agency mortgage-backed securities			—			85,974			—			85,974
Private-label mortgage-backed securities			—			11,949			—			11,949
Asset-backed securities			—			43,924			—			43,924
Total assets		$	10,276		$	412,346		$	—		$	422,622

(Dollars in thousands)		Fair Value at December 31, 2020
Asset Description		Level 1			Level 2			Level 3			Total
Equity securities, at fair value		$	391		$	—		$	—		$	391
Available for sale:
U.S. Government and Agency securities			—			12,574			—			12,574
Municipal securities			—			247,054			—			247,054
Corporate securities			—			20,288			—			20,288
Agency mortgage-backed securities			—			72,241			—			72,241
Private-label mortgage-backed securities			—			8,453			—			8,453
Asset-backed securities			—			36,330			—			36,330
Total assets		$	391		$	396,940		$	—		$	397,331

Schedule Of Fair Value On A Nonrecurring Basis

(Dollars in Thousands)		Fair Value at December 31, 2020
Asset Description		Level 1			Level 2			Level 3			Total
Impaired loans (1)		$	—		$	—		$	5,474		$	5,474
Total assets		$	—		$	—		$	5,474		$	5,474

(1)Includes assets directly charged-down to fair value during the year-to-date period.

Fair Value Inputs, Assets, Quantitative Information

(Dollars in thousands)									Range
December 31, 2020			Fair Value		Valuation Technique		Unobservable Input		Weighted Average
Impaired loans		$	5,474		Appraisal		Appraisal Adjustment on		0%-100% (66%)
							Non-real estate assets
							Cost to sell		8%
(1) Includes assets directly charged-down to fair value during the year-to-date period.

Fair Value, By Balance Sheet Grouping

	March 31, 2021
	Carrying			Fair
(Dollars in thousands)	Amount			Value			Level 1			Level 2			Level 3
Financial assets, carried at cost:
Cash and cash equivalents	$	107,622		$	107,622		$	107,622		$	—		$	—
Long-term interest-bearing deposits in other banks		10,995			10,995			10,995			—			—
Loans held for sale		4,699			4,799			—			4,799			—
Net loans		984,797			1,013,427			—			—			1,013,427
Accrued interest receivable		6,045			6,045			—			—			6,045
Financial liabilities:
Deposits	$	1,421,042		$	1,433,518		$	—		$	1,433,518		$	—
Subordinate notes		19,564			20,086			—			20,086			—
Accrued interest payable		415			415			—			415			—
	December 31, 2020
	Carrying			Fair
(Dollars in thousands)	Amount			Value			Level 1			Level 2			Level 3
Financial assets, carried at cost:
Cash and cash equivalents	$	57,146		$	57,146		$	57,146		$	—		$	—
Long-term interest-bearing deposits in other banks		12,741			12,741			12,741			—			—
Loans held for sale		9,446			9,446			—		9,446	9,446			—
Net loans		992,915			990,867			—			—			990,867
Accrued interest receivable		6,410			6,410			—			—			6,410
Financial liabilities:
Deposits	$	1,354,573		$	1,355,086		$	—		$	1,355,086		$	—
Subordinate notes		19,555			19,750			—			19,750			—
Accrued interest payable		180			180			—			180			—

X

- 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.

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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).

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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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

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