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6. Fair Value (Tables) | 6 Months Ended
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Jun. 30, 2020
Fair Value Disclosures [Abstract] |
Available for sale securities measured at fair value on a recurring basis |
(Dollars in thousands) |  |  |  |  |  |  |  |
|  | June 30, 2020
|  | Fair Value Measurements |  | Level 1 Valuation |  | Level 2 Valuation |  | Level 3 Valuation
Mortgage-backed securities |  | $ | 77,661 |  |  |  | — |  |  |  | 77,661 |  |  |  | — |
U.S. Government sponsored enterprises |  | $ | 22,988 |  |  |  | — |  |  |  | 22,988 |  |  |  | — |
State and political subdivisions |  | $ | 106,570 |  |  |  | — |  |  |  | 106,570 |  |  |  | — |
Trust preferred securities |  | $ | 250 |  |  |  | — |  |  |  | — |  |  |  | 250 |
(Dollars in thousands) |  |  |  |  |  |  |  |
|  | 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 June 30, 2020 |  | Level 1 Valuation |  | Level 2 Valuation |  | Level 3 Valuation
Mortgage loans held for sale |  | $ | 10,594 |  |  |  | — |  |  |  | — |  |  |  | 10,594 |
Impaired loans |  | $ | 21,554 |  |  |  | — |  |  |  | — |  |  |  | 21,554 |
(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 |
(Dollars in thousands) |  |  |  |  |  |  |  |
|  | Fair Value June 30, 2020 |  | Fair Value December 31, 2019 |  | Valuation Technique |  | Significant Unobservable Inputs |  | General Range of Significant Unobservable Input Values
Mortgage loans held for sale |  | $ | 10,594 |  |  |  | 4,417 |  |  | Rate lock commitment |  | N/A |  | N/A
Impaired loans |  | $ | 21,554 |  |  |  | 20,347 |  |  | Appraised value and discounted cash flows |  | Discounts to reflect current market conditions and ultimate collectability |  | 0 - 25%
Carrying amount and estimated fair value of the Company's financial instruments |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
|  |  |  | Fair Value Measurements at June 30, 2020
|  | Carrying Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 189,639 |  |  |  | 189,639 |  |  |  | — |  |  |  | — |  |  |  | 189,639 |
Investment securities available for sale |  | $ | 207,469 |  |  |  | — |  |  |  | 207,219 |  |  |  | 250 |  |  |  | 207,469 |
Other investments |  | $ | 7,196 |  |  |  | — |  |  |  | — |  |  |  | 7,196 |  |  |  | 7,196 |
Mortgage loans held for sale |  | $ | 10,594 |  |  |  | — |  |  |  | — |  |  |  | 10,594 |  |  |  | 10,594 |
Loans, net |  | $ | 957,110 |  |  |  | — |  |  |  | — |  |  |  | 949,158 |  |  |  | 949,158 |
Cash surrender value of life insurance |  | $ | 16,507 |  |  |  | — |  |  |  | 16,507 |  |  |  | — |  |  |  | 16,507 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,154,329 |  |  |  | — |  |  |  | — |  |  |  | 1,148,380 |  |  |  | 1,148,380 |
Securities sold under agreements to repurchase |  | $ | 31,747 |  |  |  | — |  |  |  | 31,747 |  |  |  | — |  |  |  | 31,747 |
FHLB borrowings |  | $ | 70,000 |  |  |  | — |  |  |  | — |  |  |  | 69,974 |  |  |  | 69,974 |
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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