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Fair Value (Tables) | 6 Months Ended
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Jun. 30, 2023
Fair Value [Abstract] |
Assets And Liabilities Measured At Fair Value On A Recurring Basis, Including Financial Assets And Liabilities |
| Fair Value Measurements at ‎ June 30, 2023 using Significant ‎Other Observable Inputs
| (Level 2)
| (unaudited)
Financial Assets: |  |
Securities available for sale: |  |
Corporate debt | $ | 7,000
Issued by U.S. government-sponsored entities and agencies: |  |
U.S. Treasury |  | 1,956
Mortgage-backed securities - residential |  | 10
Total securities available for sale | $ | 8,966
Loans held for sale | $ | 1,355
Derivative assets | $ | 4,250
Financial Liabilities: |  |
Derivative liabilities | $ | 4,250
| Fair Value Measurements at ‎ December 31, 2022 using Significant ‎Other Observable Inputs
| (Level 2)
Financial Assets: |  |
Securities available for sale: |  |
Corporate debt | $ | 7,500
Issued by U.S. government-sponsored entities and agencies: |  |
U.S. Treasury |  | 2,925
Mortgage-backed securities - residential |  | 17
Total securities available for sale | $ | 10,442
Loans held for sale | $ | 580
Derivative assets | $ | 4,233
Financial Liabilities: |  |
Derivative liabilities | $ | 4,233
Assets Measured At Fair Value On A Non-Recurring Basis |
Fair Value Measurements at December 31, 2022 Using
Significant Unobservable Inputs (Level 3)
Impaired loans: |  |
Commercial | $ | 80
Total impaired loans | $ | 80
Aggregate Fair Value, Contractual Balance And Gain Or Loss |
| June 30, 2023 |  | December 31, 2022
| (unaudited) |  |  |
Aggregate fair value | $ | 1,355 |  | $ | 580
Contractual balance |  | 1,355 |  |  | 580
Gain (loss) | $ | - |  | $ | -
Total Amount Of Gains And Losses From Changes In Fair Value Included In Earnings |
| Three months ended June 30, |  | Six months ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (unaudited) |  | (unaudited)
Interest income | $ | 10 |  | $ | - |  | $ | 13 |  | $ | 172
Interest expense |  | - |  |  | - |  |  | - |  |  | -
Change in fair value |  | - |  |  | 92 |  |  | - |  |  | (356)
Total change in fair value | $ | 10 |  | $ | 92 |  | $ | 13 |  | $ | (184)
Carrying Amounts And Estimated Fair Values Of Financial Instruments | The carrying amounts and estimated fair values of financial instruments at June 30, 2023 were as follows:
| Fair Value Measurements at June 30, 2023 Using:
| Carrying |  |  |  |  |  |  |  |  |  |  |  |
(unaudited) | Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 231,600 |  | $ | 231,600 |  | $ | - |  | $ | - |  | $ | 231,600
Interest-bearing deposits in other financial institutions |  | 100 |  |  | 100 |  |  | - |  |  | - |  |  | 100
Securities available for sale |  | 8,966 |  |  | - |  |  | 8,966 |  |  | - |  |  | 8,966
Equity Securities |  | 5,000 |  |  | - |  |  | 5,000 |  |  | - |  |  | 5,000
Loans held for sale |  | 1,355 |  |  | - |  |  | 1,355 |  |  | - |  |  | 1,355
Loans and leases, net |  | 1,631,143 |  |  | - |  |  | - |  |  | 1,599,936 |  |  | 1,599,936
FHLB and FRB stock |  | 8,736 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
Accrued interest receivable |  | 7,505 |  |  | 82 |  |  | 163 |  |  | 7,260 |  |  | 7,505
Derivative assets |  | 4,250 |  |  | - |  |  | 4,250 |  |  | - |  |  | 4,250
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits | $ | (1,660,083) |  | $ | (1,045,459) |  | $ | (605,664) |  | $ | - |  | $ | (1,651,123)
FHLB advances and other borrowings |  | (109,978) |  |  | - |  |  | (109,365) |  |  | - |  |  | (109,365)
Advances by borrowers for taxes and insurance |  | (2,034) |  |  | - |  |  | - |  |  | (2,034) |  |  | (2,034)
Subordinated debentures |  | (14,941) |  |  | - |  |  | (14,859) |  |  | - |  |  | (14,859)
Accrued interest payable |  | (1,762) |  |  | - |  |  | (1,762) |  |  | - |  |  | (1,762)
Derivative liabilities |  | (4,250) |  |  | - |  |  | (4,250) |  |  | - |  |  | (4,250)
The carrying amounts and estimated fair values of financial instruments at December 31, 2022 were as follows:
| Fair Value Measurements at December 31, 2022 Using:
| Carrying |  |  |  |  |  |  |  |  |  |  |  |
| Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 151,787 |  | $ | 151,787 |  | $ | - |  | $ | - |  | $ | 151,787
Interest-bearing deposits in other financial institutions |  | 100 |  |  | 100 |  |  | - |  |  | - |  |  | 100
Securities available for sale |  | 10,442 |  |  | - |  |  | 10,442 |  |  | - |  |  | 10,442
Equity Securities |  | 5,000 |  |  | - |  |  | 5,000 |  |  | - |  |  | 5,000
Loans held for sale |  | 580 |  |  | - |  |  | 580 |  |  | - |  |  | 580
Loans and leases, net |  | 1,572,255 |  |  | - |  |  | - |  |  | 1,542,796 |  |  | 1,542,796
FHLB and FRB stock |  | 7,942 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
Accrued interest receivable |  | 8,067 |  |  | 70 |  |  | 176 |  |  | 7,821 |  |  | 8,067
Other assets held for sale |  | 1,930 |  |  | - |  |  | - |  |  | 1,930 |  |  | 1,930
Derivative assets |  | 4,233 |  |  | - |  |  | 4,233 |  |  | - |  |  | 4,233
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits | $ | (1,527,922) |  | $ | (969,797) |  | $ | (545,871) |  | $ | - |  | $ | (1,515,668)
FHLB advances and other borrowings |  | (109,461) |  |  | - |  |  | (105,715) |  |  | - |  |  | (105,715)
Advances by borrowers for taxes and insurance |  | (3,513) |  |  | - |  |  | - |  |  | (3,513) |  |  | (3,513)
Subordinated debentures |  | (14,922) |  |  | - |  |  | (14,621) |  |  | - |  |  | (14,621)
Accrued interest payable |  | (840) |  |  | - |  |  | (840) |  |  | - |  |  | (840)
Derivative liabilities |  | (4,233) |  |  | - |  |  | (4,233) |  |  | - |  |  | (4,233)

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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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- 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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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