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Fair Value (Tables) | 9 Months Ended
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Sep. 30, 2021
Fair Value [Abstract] |
Assets And Liabilities Measured At Fair Value On A Recurring Basis, Including Financial Assets And Liabilities |
| Fair Value Measurements at ‎ September 30, 2021 using Significant ‎Other Observable Inputs
| (Level 2)
| (unaudited)
Financial Assets: |  |
Securities available for sale: |  |
Corporate debt | $ | 9,976
Issued by U.S. government-sponsored entities and agencies: |  |
U.S. Treasury |  | 7,110
Mortgage-backed securities - residential |  | 42
Total securities available for sale | $ | 17,128
Loans held for sale | $ | 77,946
Derivative assets | $ | 726
Interest rate lock commitments | $ | 519
TBA Mortgage-back securities | $ | 379
Financial Liabilities: |  |
Derivative liabilities | $ | 726
| Fair Value Measurements at December 31, 2020 using Significant Other Observable Inputs
| (Level 2)
Financial Assets: |  |
Securities available for sale: |  |
Issued by U.S. government-sponsored entities and agencies: |  |
U.S. Treasury | $ | 8,636
Mortgage-backed securities - residential |  | 65
Total securities available for sale | $ | 8,701
Loans held for sale | $ | 283,165
Derivative assets | $ | 1,944
Interest rate lock commitments | $ | 18,101
Financial Liabilities: |  |
Derivative liabilities | $ | 1,944
TBA Mortgage-backed securities | $ | 2,690
Assets Measured At Fair Value On A Non-Recurring Basis |
Fair Value Measurements at December 31, 2020 Using
Significant Unobservable Inputs (Level 3)
Impaired loans: |  |
Commercial | $ | 190
Total impaired loans | $ | 190
Financial Instruments Measured At Fair Value On A Non-Recurring Basis |
|  | Fair Value |  | Valuation Technique(s) |  | Unobservable Inputs |  | (Range) Weighted Average
Impaired loans: |  |  |  |  |  |  |  |
Commercial | $ | 190 |  | Comparable sales approach |  | Adjustment for differences between the comparable market transactions |  | 65.00%
Aggregate Fair Value, Contractual Balance And Gain Or Loss |
| September 30, 2021 |  | December 31, 2020
| (unaudited) |  |  |
Aggregate fair value | $ | 77,946 |  | $ | 283,165
Contractual balance |  | 77,023 |  |  | 274,401
Gain | $ | 923 |  | $ | 8,764
Total Amount Of Gains And Losses From Changes In Fair Value Included In Earnings |
| Three months ended September 30, |  | Nine months ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
| (unaudited) |  | (unaudited)
Interest income | $ | 1,008 |  | $ | 1,467 |  | $ | 5,347 |  | $ | 3,920
Interest expense |  | - |  |  | - |  |  | - |  |  | -
Change in fair value |  | (1,916) |  |  | 4,669 |  |  | (7,841) |  |  | 9,124
Total change in fair value | $ | (908) |  | $ | 6,136 |  | $ | (2,494) |  | $ | 13,044
Carrying Amounts And Estimated Fair Values Of Financial Instruments | The carrying amounts and estimated fair values of financial instruments at September 30, 2021 were as follows:
| Fair Value Measurements at September 30, 2021 Using:
| Carrying |  |  |  |  |  |  |  |  |  |  |  |
(unaudited) | Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 68,161 |  | $ | 68,161 |  | $ | - |  | $ | - |  | $ | 68,161
Interest-bearing deposits in other financial institutions |  | 100 |  |  | 100 |  |  | - |  |  | - |  |  | 100
Securities available for sale |  | 17,128 |  |  | - |  |  | 17,128 |  |  | - |  |  | 17,128
Equity Securities |  | 5,000 |  |  | - |  |  | 5,000 |  |  | - |  |  | 5,000
Loans held for sale |  | 77,946 |  |  | - |  |  | 77,946 |  |  | - |  |  | 77,946
Loans and leases, net |  | 1,123,712 |  |  | - |  |  | - |  |  | 1,133,907 |  |  | 1,133,907
FHLB and FRB stock |  | 6,475 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
Accrued interest receivable |  | 4,531 |  |  | 1 |  |  | 207 |  |  | 4,322 |  |  | 4,530
Derivative assets |  | 726 |  |  | - |  |  | 726 |  |  | - |  |  | 726
Interest rate lock commitments |  | 519 |  |  | - |  |  | 519 |  |  | - |  |  | 519
TBA mortgage-back securities |  | 379 |  |  | - |  |  | 379 |  |  | - |  |  | 379
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits | $ | (1,156,790) |  | $ | (600,725) |  | $ | (559,307) |  | $ | - |  | $ | (1,160,032)
FHLB advances and other borrowings |  | (41,218) |  |  | - |  |  | (41,965) |  |  | - |  |  | (41,965)
Advances by borrowers for taxes and insurance |  | (1,756) |  |  | - |  |  | - |  |  | (1,756) |  |  | (1,756)
Subordinated debentures |  | (14,874) |  |  | - |  |  | (16,171) |  |  | - |  |  | (16,171)
Accrued interest payable |  | (539) |  |  | - |  |  | (539) |  |  | - |  |  | (539)
Derivative liabilities |  | (726) |  |  | - |  |  | (726) |  |  | - |  |  | (726)
The carrying amounts and estimated fair values of financial instruments at December 31, 2020 were as follows:
| Fair Value Measurements at December 31, 2020 Using:
| Carrying |  |  |  |  |  |  |  |  |  |  |  |
| Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 221,594 |  | $ | 221,594 |  | $ | - |  | $ | - |  | $ | 221,594
Interest-bearing deposits in other financial institutions |  | 100 |  |  | 100 |  |  | - |  |  | - |  |  | 100
Securities available for sale |  | 8,701 |  |  | - |  |  | 8,701 |  |  | - |  |  | 8,701
Equity Securities |  | 5,000 |  |  | - |  |  | - |  |  | 5,000 |  |  | 5,000
Loans held for sale |  | 283,165 |  |  | - |  |  | 283,165 |  |  | - |  |  | 283,165
Loans and leases, net |  | 895,344 |  |  | - |  |  | - |  |  | 905,030 |  |  | 905,030
FHLB and FRB stock |  | 5,847 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
Accrued interest receivable |  | 4,584 |  |  | 1 |  |  | 36 |  |  | 4,547 |  |  | 4,584
Derivative assets |  | 1,944 |  |  | - |  |  | 1,944 |  |  | - |  |  | 1,944
Interest rate lock commitments |  | 18,101 |  |  | - |  |  | 18,101 |  |  | - |  |  | 18,101
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits | $ | (1,113,070) |  | $ | (554,650) |  | $ | (565,089) |  | $ | - |  | $ | (1,119,739)
FHLB advances and other borrowings |  | (214,426) |  |  | - |  |  | (215,531) |  |  | - |  |  | (215,531)
Advances by borrowers for taxes and insurance |  | (1,029) |  |  | - |  |  | - |  |  | (1,029) |  |  | (1,029)
Subordinated debentures |  | (14,844) |  |  | - |  |  | (16,325) |  |  | - |  |  | (16,325)
Accrued interest payable |  | (498) |  |  | - |  |  | (498) |  |  | - |  |  | (498)
Derivative liabilities |  | (1,944) |  |  | - |  |  | (1,944) |  |  | - |  |  | (1,944)
TBA mortgage-backed securities |  | (2,690) |  |  | - |  |  | (2,690) |  |  | - |  |  | (2,690)

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- Definition Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 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 (d) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition 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). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 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 (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 3: 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=117815213&loc=d3e19207-110258 + Details
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