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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Assets Measured On Recurring Basis

				Carrying Value at June 30, 2021 (in thousands)
				Quoted Prices			Significant			Significant
				in Active			Other			Unobservable
		Balance as of		Markets for			Observable			Inputs
		June 30,		Identical Assets			Inputs			(Level 3)
Description		2021		(Level 1)			(Level 2)
US Treasuries	$	2,015		$	—		$	2,015		$	—
US agency obligations		55,387			—			55,387			—
Mortgage-backed securities		25,897			—			25,897			—
Municipals		41,154			—			41,154			—
Corporates		6,511			—			6,511			—
Total available-for-sale securities	$	130,964		$	—		$	130,964		$	—
IRLCs - asset		352			—			—			352
Total assets at fair value	$	131,316		$	—		$	130,964		$	352

				Carrying Value at December 31, 2020 (in thousands)
				Quoted Prices			Significant			Significant
				in Active			Other			Unobservable
	Balance as of			Markets for			Observable			Inputs
	December 31,			Identical Assets			Inputs			(Level 3)
Description	2020			(Level 1)			(Level 2)
US Treasuries	$	2,027		$	—		$	2,027		$	—
US agency obligations		41,320			—			41,320			—
Mortgage-backed securities		15,696			—			15,696			—
Municipals		24,773			—			24,773			—
Corporates		6,369			—			6,369			—
Total available-for-sale securities	$	90,185		$	—		$	90,185		$	—
IRLCs – asset		425			—			—			425
Total assets at fair value	$	90,610		$	—		$	90,185		$	425

Impaired Loans And Other Real Estate Owned Measured At Fair Value On A Nonrecurring Basis

				Carrying Value at June 30, 2021
Description	Balance as of June 30, 2021			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Impaired loans*	$	1,991		$	—		$	—		$	1,991
Other real estate owned		761			—			—			761

* Includes loans charged down to the net realizable value of the collateral.

				Carrying Value at December 31, 2020
Description	Balance as of December 31, 2020			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Impaired loans*	$	1,829		$	—		$	—		$	1,829
Other real estate owned		1,105			—			—			1,105

* Includes loans charged down to the net realizable value of the collateral.

Fair Value Carrying And Notional Amounts

				Fair Value Measurements at June 30, 2021 using
				Quoted Prices			Significant
				in Active			Other			Significant
				Markets for			Observable			Unobservable
	Carrying			Identical Assets			Inputs			Inputs
Assets	Amounts			(Level 1)			(Level 2)			(Level 3)			Balance
Cash and due from banks	$	39,395		$	39,395		$	—		$	—		$	39,395
Fed funds sold		83,894			83,894			—			—			83,894
Securities
Available-for-sale		130,964			—			130,964			—			130,964
Held-to-maturity		3,663			—			4,056			—			4,056
Restricted stock		1,324						1,324			—			1,324
Loans, net (1)		595,172			—			—			591,839			591,839
Loans held for sale		6,253			—			6,253			—			6,253
Interest receivable		2,105			—			2,105			—			2,105
BOLI		18,553			—			18,553			—			18,553
Derivatives - IRLCs		352			—			—			352			352
Liabilities
Deposits	$	819,442		$	—		$	820,508		$	—		$	820,508
Capital notes		10,029			—			9,113			—			9,113
Interest payable		56			—			56			—			56

				Fair Value Measurements at December 31, 2020 using
				Quoted Prices			Significant
				in Active			Other			Significant
				Markets for			Observable			Unobservable
	Carrying			Identical Assets			Inputs			Inputs
Assets	Amounts			(Level 1)			(Level 2)			(Level 3)			Balance
Cash and due from banks	$	31,683		$	31,683		$	—		$	—		$	31,683
Fed funds sold		69,203			69,203			—			—			69,203
Securities
Available-for-sale		90,185			—			90,185			—			90,185
Held-to-maturity		3,671			—			4,192			—			4,192
Restricted stock		1,551			—			1,551			—			1,551
Loans, net		601,934			—			—			598,745			598,745
Loans held for sale		7,102			—			7,102			—			7,102
Interest receivable		2,350			—			2,350			—			2,350
BOLI		16,355			—			16,355			—			16,355
Derivatives - IRLCs		425			—			—			425			425
Liabilities
Deposits	$	764,967		$	—		$	766,212		$	—		$	766,212
Capital notes		10,027			—			9,003			—			9,003
Interest payable		85			—			85			—			85

(1)     Carrying amount is net of unearned income and the Allowance.

  

Fair Value, Recurring [Member]

Information Regarding Quantitative Inputs Used To Value Assets Classified As Level 3

	Quantitative information about Level 3 Fair Value Measurements for June 30, 2021
	(dollars in thousands)
	Fair Value			Valuation Technique(s)		Unobservable Input		Range (Weighted Average) (1)
Assets
IRLCs - asset	$	352		Market approach		Range of pull through rate		70% - 100% (85%)

(1)    Weighted based on the relative value of the instruments

	Quantitative information about Level 3 Fair Value Measurements for December 31, 2020
	(dollars in thousands)
	Fair Value			Valuation Technique(s)		Unobservable Input		Range (Weighted Average) (1)
Assets
IRLCs - asset	$	425		Market approach		Range of pull through rate		70% - 100% (85%)

(1)    Weighted based on the relative value of the instruments

Fair Value, Nonrecurring [Member]

Information Regarding Quantitative Inputs Used To Value Assets Classified As Level 3

	Quantitative information about Level 3 Fair Value Measurements for June 30, 2021
	(dollars in thousands)
	Fair Value			Valuation Technique(s)		Unobservable Input		Range (Weighted Average) (1)
Assets
Impaired loans	$	1,991		Discounted appraised value		Selling cost		0% - 10% (8%)
						Discount for lack of marketability and age of appraisal		0% - 20% (6%)
OREO		761		Discounted appraised value		Selling cost		10%
						Discount for lack of marketability and age of appraisal		0% - 25% (15%)

(1)Weighted based on the relative value of the instruments.

	Quantitative information about Level 3 Fair Value Measurements for December 31, 2020
	(dollars in thousands)
	Fair Value			Valuation Technique(s)		Unobservable Input		Range (Weighted Average) (1)
Assets
Impaired loans	$	1,829		Discounted appraised value		Selling cost		0% - 10% (8%)
						Discount for lack of marketability and age of appraisal		0% - 20% (6%)
OREO		1,105		Discounted appraised value		Selling cost		10%
						Discount for lack of marketability and age of appraisal		0% - 25% (15%)

(1)Weighted based on the relative value of the instruments.

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- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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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).

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