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6. Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2020
Fair Value Disclosures [Abstract] |
Available for sale securities measured at fair value on a recurring basis |
(Dollars in thousands) |  |  |  |  |  |  |  |
|  | March 31, 2020
|  | Fair Value Measurements |  | Level 1 Valuation |  | Level 2 Valuation |  | Level 3 Valuation
Mortgage-backed securities |  | $ | 84,076 |  |  |  | — |  |  |  | 84,076 |  |  |  | — |
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | $ | 26,908 |  |  |  | — |  |  |  | 26,908 |  |  |  | — |
State and political subdivisions |  | $ | 90,280 |  |  |  | — |  |  |  | 90,280 |  |  |  | — |
Trust preferred securities |  | $ | 250 |  |  |  | — |  |  |  | — |  |  |  | 250 |
|  | December 31, 2019
|  | Fair Value Measurements |  | Level 1 Valuation |  | Level 2 Valuation |  | Level 3 Valuation
Mortgage-backed securities |  | $ | 78,956 |  |  |  | — |  |  |  | 78,956 |  |  |  | — |
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  | $ | 28,397 |  |  |  | — |  |  |  | 28,397 |  |  |  | — |
State and political subdivisions |  | $ | 88,143 |  |  |  | — |  |  |  | 88,143 |  |  |  | — |
Trust preferred securities |  | $ | 250 |  |  |  | — |  |  |  | — |  |  |  | 250 |
Fair value measurements of investment securities available for sale using Level 3 significant unobservable inputs |
(Dollars in thousands) |  |
|  | Investment Securities Available for Sale
|  | Level 3 Valuation
Balance, beginning of period |  | $ | 250 |
Change in book value |  |  | — |
Change in gain/(loss) realized and unrealized |  |  | — |
Purchases/(sales and calls) |  |  | — |
Transfers in and/or (out) of Level 3 |  |  | — |
Balance, end of period |  | $ | 250 |
Change in unrealized gain/(loss) for assets still held in Level 3 |  | $ | — |
Fair value measurements for mortgage loans held for sale, impaired loans and other real estate on a non-recurring basis |
(Dollars in thousands) |  |  |  |  |  |  |  |
|  | Fair Value Measurements March 31, 2020 |  | Level 1 Valuation |  | Level 2 Valuation |  | Level 3 Valuation
Mortgage loans held for sale |  | $ | 6,149 |  |  |  | — |  |  |  | — |  |  |  | 6,149 |
Impaired loans |  | $ | 21,730 |  |  |  | — |  |  |  | — |  |  |  | 21,730 |
Other real estate |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
(Dollars in thousands) |  |  |  |  |  |  |  |
|  | Fair Value Measurements December 31, 2019 |  | Level 1 Valuation |  | Level 2 Valuation |  | Level 3 Valuation
Mortgage loans held for sale |  | $ | 4,417 |  |  |  | — |  |  |  | — |  |  |  | 4,417 |
Impaired loans |  | $ | 20,347 |  |  |  | — |  |  |  | — |  |  |  | 20,347 |
Other real estate |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value September 30, 2019 |  |  | Fair Value December 31, 2018 |  | Valuation Technique |  | Significant Unobservable Inputs |  |  | General Range of Significant Unobservable Input Values |
Mortgage loans held for sale |  | $ | 6,149 |  |  |  | 4,417 |  | Rate lock commitment |  | N/A |  |  |  |  | N/A |
Impaired loans |  | $ | 21,730 |  |  |  | 20,347 |  | Appraised value and discounted cash flows |  | Discounts to reflect current market conditions and ultimate collectability |  |  |  |  | 0 - 25% |
Other real estate |  | $ | — |  |  |  | — |  | Appraised value |  | Discounts to reflect current market conditions and estimated costs to sell |  |  |  |  | 0 - 25% |
Carrying amount and estimated fair value of the Company's financial instruments |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
|  |  |  | Fair Value Measurements at March 31, 2020
|  | Carrying Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 103,519 |  |  |  | 103,519 |  |  |  | — |  |  |  | — |  |  |  | 103,519 |
Investment securities available for sale |  | $ | 201,514 |  |  |  | — |  |  |  | 201,264 |  |  |  | 250 |  |  |  | 201,514 |
Other investments |  | $ | 7,229 |  |  |  | — |  |  |  | — |  |  |  | 7,229 |  |  |  | 7,229 |
Mortgage loans held for sale |  | $ | 6,149 |  |  |  | — |  |  |  | — |  |  |  | 6,149 |  |  |  | 6,149 |
Loans, net |  | $ | 872,452 |  |  |  | — |  |  |  | — |  |  |  | 846,684 |  |  |  | 846,684 |
Cash surrender value of life insurance |  | $ | 16,414 |  |  |  | — |  |  |  | 16,414 |  |  |  | — |  |  |  | 16,414 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 983,958 |  |  |  | — |  |  |  | — |  |  |  | 989,131 |  |  |  | 989,131 |
Securities sold under agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
to repurchase |  | $ | 28,535 |  |  |  | — |  |  |  | 28,535 |  |  |  | — |  |  |  | 28,535 |
FHLB borrowings |  | $ | 70,000 |  |  |  | — |  |  |  | — |  |  |  | 69,929 |  |  |  | 69,929 |
Junior subordinated debentures |  | $ | 15,464 |  |  |  | — |  |  |  | 15,464 |  |  |  | — |  |  |  | 15,464 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
|  |  |  | Fair Value Measurements at December 31, 2019
|  | Carrying Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 52,387 |  |  |  | 52,387 |  |  |  | — |  |  |  | — |  |  |  | 52,387 |
Investment securities available for sale |  | $ | 195,746 |  |  |  | — |  |  |  | 195,496 |  |  |  | 250 |  |  |  | 195,746 |
Other investments |  | $ | 4,231 |  |  |  | — |  |  |  | — |  |  |  | 4,231 |  |  |  | 4,231 |
Mortgage loans held for sale |  | $ | 4,417 |  |  |  | — |  |  |  | — |  |  |  | 4,417 |  |  |  | 4,417 |
Loans, net |  | $ | 843,194 |  |  |  | — |  |  |  | — |  |  |  | 819,397 |  |  |  | 819,397 |
Cash surrender value of life insurance |  | $ | 16,319 |  |  |  | — |  |  |  | 16,319 |  |  |  | — |  |  |  | 16,319 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 966,517 |  |  |  | — |  |  |  | — |  |  |  | 955,766 |  |  |  | 955,766 |
Securities sold under agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
to repurchase |  | $ | 24,221 |  |  |  | — |  |  |  | 24,221 |  |  |  | — |  |  |  | 24,221 |
Junior subordinated debentures |  | $ | 15,619 |  |  |  | — |  |  |  | 15,619 |  |  |  | — |  |  |  | 15,619 |

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