XML 37 R27.htm IDEA: XBRL DOCUMENT
v3.21.2

Fair Value Measurements and Disclosures (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Fair Value Disclosures [Abstract] |
Schedule of Assets Measured at Fair Value on Nonrecurring Basis | Assets measured at fair value on a nonrecurring basis are included in the table below as of September 30, 2021 and December 31, 2020 (in thousands).
September 30, 2021 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Other real estate owned |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Impaired loans |  |  | — |  |  |  | — |  |  |  | 7,656 |  |  |  | 7,656 |
Total assets at fair value |  | $ | — |  |  | $ | — |  |  | $ | 7,656 |  |  | $ | 7,656 |
December 31, 2020 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Other real estate owned |  | $ | — |  |  | $ | — |  |  | $ | 1,292 |  |  | $ | 1,292 |
Impaired loans |  |  | — |  |  |  | — |  |  |  | 7,223 |  |  |  | 7,223 |
Total assets at fair value |  | $ | — |  |  | $ | — |  |  | $ | 8,515 |  |  | $ | 8,515 |
Schedule of Carrying Amounts and Estimated Fair Values of Company's Financial Instruments | The carrying amounts and estimated fair values (in thousands) of the Company’s financial instruments at September 30, 2021 and December 31, 2020 are as follows:
|  | September 30, 2021 |  |  | December 31, 2020 |
|  | Carrying |  |  | Estimated |  |  | Carrying |  |  | Estimated |
|  | Amount |  |  | Fair Value |  |  | Amount |  |  | Fair Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 130,910 |  |  | $ | 130,910 |  |  | $ | 178,253 |  |  | $ | 178,253 |
Investment securities |  |  |  |  |  |  |  |  |  |  |  |
available-for-sale |  |  | 44,071 |  |  |  | 44,071 |  |  |  | 24,005 |  |  |  | 24,005 |
Other investments |  |  | 2,476 |  |  |  | 2,476 |  |  |  | 1,596 |  |  |  | 1,596 |
Loans, net |  |  | 563,539 |  |  |  | 573,930 |  |  |  | 592,254 |  |  |  | 611,625 |
Cash surrender value of life insurance |  |  | 15,285 |  |  |  | 15,285 |  |  |  | 15,311 |  |  |  | 15,311 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 615,231 |  |  |  | 606,610 |  |  |  | 640,165 |  |  |  | 639,269 |
FHLB advances |  |  | 49,020 |  |  |  | 47,694 |  |  |  | 19,117 |  |  |  | 16,769 |
PPPLF borrowings |  |  | — |  |  |  | — |  |  |  | 100,813 |  |  |  | 100,813 |
Other borrowings |  |  | — |  |  |  | — |  |  |  | 5,000 |  |  |  | 5,000 |

X
- 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=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 (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&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=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
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 pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration