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Fair Value Measurements and Disclosures (Tables) | 3 Months Ended
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Mar. 31, 2022
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 March 31, 2022 and December 31, 2021 (in thousands).
March 31, 2022 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Other real estate owned |  | $ | — |  |  | $ | — |  |  | $ | 3,538 |  |  | $ | 3,538 |
Impaired loans |  |  | — |  |  |  | — |  |  |  | 6,554 |  |  |  | 6,554 |
Total assets at fair value |  | $ | — |  |  | $ | — |  |  | $ | 10,092 |  |  | $ | 10,092 |
December 31, 2021 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Other real estate owned |  | $ | — |  |  | $ | — |  |  | $ | 3,538 |  |  | $ | 3,538 |
Impaired loans |  |  | — |  |  |  | — |  |  |  | 7,221 |  |  |  | 7,221 |
Total assets at fair value |  | $ | — |  |  | $ | — |  |  | $ | 10,759 |  |  | $ | 10,759 |
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 March 31, 2022 and December 31, 2021 are as follows:
|  | March 31, 2022 |  |  | December 31, 2021 |
|  | Carrying |  |  | Estimated |  |  | Carrying |  |  | Estimated |
|  | Amount |  |  | Fair Value |  |  | Amount |  |  | Fair Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 69,898 |  |  | $ | 69,898 |  |  | $ | 111,776 |  |  | $ | 111,776 |
Investment securities |  |  |  |  |  |  |  |  |  |  |  |
available-for-sale |  |  | 45,911 |  |  |  | 45,911 |  |  |  | 48,557 |  |  |  | 48,557 |
Other investments |  |  | 1,022 |  |  |  | 1,022 |  |  |  | 2,476 |  |  |  | 2,476 |
Loans, net |  |  | 592,887 |  |  |  | 587,313 |  |  |  | 575,825 |  |  |  | 581,541 |
Cash surrender value of life insurance |  |  | 15,462 |  |  |  | 15,462 |  |  |  | 15,377 |  |  |  | 15,377 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 628,045 |  |  |  | 601,324 |  |  |  | 614,799 |  |  |  | 601,036 |
FHLB advances |  |  | 10,000 |  |  |  | 10,000 |  |  |  | 48,988 |  |  |  | 48,197 |

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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=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
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- 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
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