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Fair Value (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Quoted Prices in
Significant
Active Markets
Other
Significant
for
Observable
Unobservable
Identical Assets
Inputs
Inputs
(Dollars in thousands)
Amount
(Level 1)
(Level 2)
(Level 3)
June 30, 2022:
Securities available-for-sale:
Agency obligations
 
$
126,911
126,911
Agency RMBS
234,585
234,585
State and political subdivisions
67,724
67,724
Total securities available-for-sale
429,220
429,220
Total
 
assets at fair value
$
429,220
429,220
December 31, 2021:
Securities available-for-sale:
Agency obligations
 
$
124,413
124,413
Agency RMBS
223,371
223,371
State and political subdivisions
74,107
74,107
Total securities available-for-sale
421,891
421,891
Total
 
assets at fair value
$
421,891
421,891
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]
Quoted Prices in
Active Markets
Other
Significant
for
Observable
Unobservable
Carrying
Identical Assets
Inputs
Inputs
(Dollars in thousands)
Amount
(Level 1)
(Level 2)
(Level 3)
June 30, 2022:
Loans held for sale
$
989
989
Loans, net
(1)
176
176
Other assets
(2)
1,259
1,259
Total assets at fair value
$
2,424
989
1,435
December 31, 2021:
Loans held for sale
$
1,376
1,376
Loans, net
(1)
249
249
Other assets
(2)
1,683
1,683
Total assets at fair value
$
3,308
1,376
1,932
(1)
Loans considered impaired under ASC 310-10-35 Receivables.
 
This amount reflects the recorded investment in impaired
 
loans, net
of any related allowance for loan losses.
(2)
Represents other real estate owned and MSRs, net,
 
carried at lower of cost or estimated fair value.
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
Weighted
 
Carrying
 
Significant
 
Average
(Dollars in thousands)
Amount
Valuation Technique
Unobservable Input
Range
of Input
June 30, 2022:
Impaired loans
$
176
Appraisal
Appraisal discounts
10.0
-
10.0
%
10.0
%
Mortgage servicing rights, net
1,259
Discounted cash flow
Prepayment speed or CPR
7.1
-
18.7
7.4
 
Discount rate
9.0
-
11.0
9.0
December 31, 2021:
Impaired loans
$
249
Appraisal
Appraisal discounts
10.0
-
10.0
%
10.0
%
Other real estate owned
374
Appraisal
Appraisal discounts
55.0
-
55.0
55.0
Mortgage servicing rights, net
1,309
Discounted cash flow
Prepayment speed or CPR
6.8
-
16.5
13.3
 
Discount rate
9.5
-
11.5
9.5
Financial Instruments [Table Text Block]
Fair Value Hierarchy
Carrying
Estimated
Level 1
Level 2
Level 3
(Dollars in thousands)
amount
fair value
inputs
inputs
Inputs
June 30, 2022:
Financial Assets:
Loans, net (1)
$
436,156
$
429,788
$
$
$
429,788
Loans held for sale
989
1,003
1,003
Financial Liabilities:
Time Deposits
$
154,738
$
155,439
$
$
155,439
$
December 31, 2021:
Financial Assets:
Loans, net (1)
$
453,425
$
449,105
$
$
$
449,105
Loans held for sale
1,376
1,410
1,410
Financial Liabilities:
Time Deposits
$
156,650
$
160,581
$
$
160,581
$
(1) Represents loans, net of unearned income and the allowance
 
for loan losses.
 
The fair value of loans was measured using an exit price
 
notion.