XML 44 R31.htm IDEA: XBRL DOCUMENT
v3.22.1

Fair Value (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Fair Value [Abstract] |
Assets And Liabilities Measured At Fair Value On A Recurring Basis, Including Financial Assets And Liabilities |
| Fair Value Measurements at ‎ March 31, 2022 using Significant ‎Other Observable Inputs
| (Level 2)
| (unaudited)
Financial Assets: |  |
Securities available for sale: |  |
Corporate debt | $ | 8,500
Issued by U.S. government-sponsored entities and agencies: |  |
U.S. Treasury |  | 4,474
Mortgage-backed securities - residential |  | 30
Total securities available for sale | $ | 13,004
Loans held for sale | $ | 8,470
Derivative assets | $ | 1,809
TBA Mortgage-back securities | $ | 71
Financial Liabilities: |  |
Derivative liabilities | $ | 1,809
Interest rate lock commitments | $ | 42
| Fair Value Measurements at ‎ December 31, 2021 using Significant ‎Other Observable Inputs
| (Level 2)
Financial Assets: |  |
Securities available for sale: |  |
Corporate debt | $ | 9,750
Issued by U.S. government-sponsored entities and agencies: |  |
U.S. Treasury |  | 6,561
Mortgage-backed securities - residential |  | 36
Total securities available for sale | $ | 16,347
Loans held for sale | $ | 27,988
Derivative assets | $ | 538
Interest rate lock commitments | $ | 555
Financial Liabilities: |  |
Derivative liabilities |  | 538
TBA Mortgage-backed securities | $ | 73
Aggregate Fair Value, Contractual Balance And Gain Or Loss |
| March 31, 2022 |  | December 31, 2021
| (unaudited) |  |  |
Aggregate fair value | $ | 8,470 |  | $ | 27,988
Contractual balance |  | 8,562 |  |  | 27,632
Gain (loss) | $ | (92) |  | $ | 356
Total Amount Of Gains And Losses From Changes In Fair Value Included In Earnings |
| Three months ended March 31,
| 2022 |  | 2021
| (unaudited)
Interest income | $ | 172 |  | $ | 2,220
Interest expense |  | - |  |  | -
Change in fair value |  | (448) |  |  | (6,937)
Total change in fair value | $ | (276) |  | $ | (4,717)
Carrying Amounts And Estimated Fair Values Of Financial Instruments | The carrying amounts and estimated fair values of financial instruments at March 31, 2022 were as follows:
| Fair Value Measurements at March 31, 2022 Using:
| Carrying |  |  |  |  |  |  |  |  |  |  |  |
(unaudited) | Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 168,290 |  | $ | 168,290 |  | $ | - |  | $ | - |  | $ | 168,290
Interest-bearing deposits in other financial institutions |  | 100 |  |  | 100 |  |  | - |  |  | - |  |  | 100
Securities available for sale |  | 13,004 |  |  | - |  |  | 13,004 |  |  | - |  |  | 13,004
Equity Securities |  | 5,000 |  |  | - |  |  | 5,000 |  |  | - |  |  | 5,000
Loans held for sale |  | 8,470 |  |  | - |  |  | 8,470 |  |  | - |  |  | 8,470
Loans and leases, net |  | 1,281,316 |  |  | - |  |  | - |  |  | 1,287,102 |  |  | 1,287,102
FHLB and FRB stock |  | 7,326 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
Accrued interest receivable |  | 4,966 |  |  | 3 |  |  | 116 |  |  | 4,847 |  |  | 4,966
Derivative assets |  | 1,809 |  |  | - |  |  | 1,809 |  |  | - |  |  | 1,809
TBA mortgage-back securities |  | 71 |  |  | - |  |  | 71 |  |  | - |  |  | 71
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits | $ | (1,298,786) |  | $ | (700,624) |  | $ | (590,838) |  | $ | - |  | $ | (1,291,462)
FHLB advances and other borrowings |  | (83,235) |  |  | - |  |  | (81,242) |  |  | - |  |  | (81,242)
Advances by borrowers for taxes and insurance |  | (2,078) |  |  | - |  |  | - |  |  | (2,078) |  |  | (2,078)
Subordinated debentures |  | (14,893) |  |  | - |  |  | (15,315) |  |  | - |  |  | (15,315)
Accrued interest payable |  | (688) |  |  | - |  |  | (688) |  |  | - |  |  | (688)
Derivative liabilities |  | (1,809) |  |  | - |  |  | (1,809) |  |  | - |  |  | (1,809)
Interest rate lock commitments |  | (42) |  |  | - |  |  | (42) |  |  | - |  |  | (42)
The carrying amounts and estimated fair values of financial instruments at December 31, 2021 were as follows:
| Fair Value Measurements at December 31, 2021 Using:
| Carrying |  |  |  |  |  |  |  |  |  |  |  |
| Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 166,591 |  | $ | 166,591 |  | $ | - |  | $ | - |  | $ | 166,591
Interest-bearing deposits in other financial institutions |  | 100 |  |  | 100 |  |  | - |  |  | - |  |  | 100
Securities available for sale |  | 16,347 |  |  | - |  |  | 16,347 |  |  | - |  |  | 16,347
Equity Securities |  | 5,000 |  |  | - |  |  | 5,000 |  |  | - |  |  | 5,000
Loans held for sale |  | 27,988 |  |  | - |  |  | 27,988 |  |  | - |  |  | 27,988
Loans and leases, net |  | 1,214,149 |  |  | - |  |  | - |  |  | 1,231,228 |  |  | 1,231,228
FHLB and FRB stock |  | 7,315 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
Accrued interest receivable |  | 4,143 |  |  | 2 |  |  | 91 |  |  | 3,947 |  |  | 4,040
Derivative assets |  | 538 |  |  | - |  |  | 538 |  |  | - |  |  | 538
Interest rate lock commitments |  | 555 |  |  | - |  |  | 555 |  |  | - |  |  | 555
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits | $ | (1,246,352) |  | $ | (661,818) |  | $ | (585,214) |  | $ | - |  | $ | (1,247,032)
FHLB advances and other borrowings |  | (89,727) |  |  | - |  |  | (90,670) |  |  | - |  |  | (90,670)
Advances by borrowers for taxes and insurance |  | (2,752) |  |  | - |  |  | - |  |  | (2,752) |  |  | (2,752)
Subordinated debentures |  | (14,883) |  |  | - |  |  | (16,051) |  |  | - |  |  | (16,051)
Accrued interest payable |  | (228) |  |  | - |  |  | (228) |  |  | - |  |  | (228)
Derivative liabilities |  | (538) |  |  | - |  |  | (538) |  |  | - |  |  | (538)
TBA mortgage-backed securities |  | (73) |  |  | - |  |  | (73) |  |  | - |  |  | (73)

X
- 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=123874694&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=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about asset and liability measured at fair value under fair value option. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14210-108612 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14172-108612 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14217-108612 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612 + Details
Name: | us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration