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Fair Value (Tables) | 9 Months Ended
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Sep. 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 ‎ September 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 |  | 1,473
Mortgage-backed securities - residential |  | 7
Total securities available for sale | $ | 8,480
Loans held for sale | $ | 1,355
Derivative assets | $ | 4,845
Financial Liabilities: |  |
Derivative liabilities | $ | 4,845
| 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 |
| September 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 September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (unaudited) |  | (unaudited)
Interest income | $ | 10 |  | $ | - |  | $ | 23 |  | $ | 165
Interest expense |  | - |  |  | - |  |  | - |  |  | -
Change in fair value |  | - |  |  | - |  |  | - |  |  | (356)
Total change in fair value | $ | 10 |  | $ | - |  | $ | 23 |  | $ | (191)
Carrying Amounts And Estimated Fair Values Of Financial Instruments | The carrying amounts and estimated fair values of financial instruments at September 30, 2023 were as follows:
| Fair Value Measurements at September 30, 2023 Using:
| Carrying |  |  |  |  |  |  |  |  |  |  |  |
(unaudited) | Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 229,763 |  | $ | 229,763 |  | $ | - |  | $ | - |  | $ | 229,763
Interest-bearing deposits in other financial institutions |  | 100 |  |  | 100 |  |  | - |  |  | - |  |  | 100
Securities available for sale |  | 8,480 |  |  | - |  |  | 8,480 |  |  | - |  |  | 8,480
Equity Securities |  | 5,000 |  |  | - |  |  | 5,000 |  |  | - |  |  | 5,000
Loans held for sale |  | 1,355 |  |  | - |  |  | 1,355 |  |  | - |  |  | 1,355
Loans and leases, net |  | 1,659,774 |  |  | - |  |  | - |  |  | 1,615,539 |  |  | 1,615,539
FHLB and FRB stock |  | 8,499 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a
Accrued interest receivable |  | 9,225 |  |  | 278 |  |  | 125 |  |  | 8,822 |  |  | 9,225
Derivative assets |  | 4,845 |  |  | - |  |  | 4,845 |  |  | - |  |  | 4,845
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits | $ | (1,684,993) |  | $ | (1,037,736) |  | $ | (639,030) |  | $ | - |  | $ | (1,676,766)
FHLB advances and other borrowings |  | (109,987) |  |  | - |  |  | (105,280) |  |  | - |  |  | (105,280)
Advances by borrowers for taxes and insurance |  | (1,737) |  |  | - |  |  | - |  |  | (1,737) |  |  | (1,737)
Subordinated debentures |  | (14,951) |  |  | - |  |  | (14,712) |  |  | - |  |  | (14,712)
Accrued interest payable |  | (2,503) |  |  | - |  |  | (2,503) |  |  | - |  |  | (2,503)
Derivative liabilities |  | (4,845) |  |  | - |  |  | (4,845) |  |  | - |  |  | (4,845)
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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