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16. Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2021
16. Fair Value of Financial Instruments |
Carrying amount and estimated fair value of the Company's financial instruments |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Fair Value Measurements at December 31, 2021 |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 277,499 |  |  |  | 277,499 |  |  |  | - |  |  |  | - |  |  |  | 277,499 |
Investment securities available for sale |  |  | 406,549 |  |  |  | - |  |  |  | 406,549 |  |  |  | - |  |  |  | 406,549 |
Other investments |  |  | 3,668 |  |  |  | - |  |  |  | - |  |  |  | 3,668 |  |  |  | 3,668 |
Mortgage loans held for sale |  |  | 3,637 |  |  |  | - |  |  |  | - |  |  |  | 3,637 |  |  |  | 3,637 |
Loans, net |  |  | 875,514 |  |  |  | - |  |  |  | - |  |  |  | 855,814 |  |  |  | 855,814 |
Mutual funds held in deferred |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
compensation trust |  |  | 1,510 |  |  |  | - |  |  |  | 1,510 |  |  |  | - |  |  |  | 1,510 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,412,748 |  |  |  | - |  |  |  | - |  |  |  | 1,401,833 |  |  |  | 1,401,833 |
Securities sold under agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
to repurchase |  |  | 37,094 |  |  |  | - |  |  |  | 37,094 |  |  |  | - |  |  |  | 37,094 |
Junior subordinated debentures |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Fair Value Measurements at December 31, 2020 |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 161,580 |  |  |  | 161,580 |  |  |  | - |  |  |  | - |  |  |  | 161,580 |
Investment securities available for sale |  |  | 245,249 |  |  |  | - |  |  |  | 245,249 |  |  |  | - |  |  |  | 245,249 |
Other investments |  |  | 4,155 |  |  |  | - |  |  |  | - |  |  |  | 4,155 |  |  |  | 4,155 |
Mortgage loans held for sale |  |  | 9,139 |  |  |  | - |  |  |  | - |  |  |  | 9,139 |  |  |  | 9,139 |
Loans, net |  |  | 938,731 |  |  |  | - |  |  |  | - |  |  |  | 924,845 |  |  |  | 924,845 |
Mutual funds held in deferred |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
compensation trust |  |  | 1,320 |  |  |  | - |  |  |  | 1,320 |  |  |  | - |  |  |  | 1,320 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,221,086 |  |  |  | - |  |  |  | - |  |  |  | 1,216,503 |  |  |  | 1,216,503 |
Securities sold under agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
to repurchase |  |  | 26,201 |  |  |  | - |  |  |  | 26,201 |  |  |  | - |  |  |  | 26,201 |
Junior subordinated debentures |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: 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=123874694&loc=d3e19207-110258 + Details
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