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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2021
Fair Value Assets Measured On Recurring Basis | Carrying Value at September 30, 2021 (in thousands) Quoted Prices Significant Significant in Active Other Unobservable Balance as of Markets for Observable Inputs September 30, Identical Assets Inputs (Level 3)Description 2021 (Level 1) (Level 2) US Treasuries$ 2,009 $ — $ 2,009 $ —US agency obligations 58,029 — 58,029 —Mortgage-backed securities 34,446 — 34,446 —Municipals 45,956 — 45,956 —Corporates 11,858 — 11,858 — Total available-for-sale securities$ 152,298 $ — $ 152,298 $ —IRLCs - asset 175 — — 175Total assets at fair value$ 152,473 $ — $ 152,298 $ 175 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)Description2020 (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 — — 425Total 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 September 30, 2021DescriptionBalance as of September 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*$ 1,970 $ — $ — $ 1,970Other real estate owned 806 — — 806 * Includes loans charged down to the net realizable value of the collateral. Carrying Value at December 31, 2020DescriptionBalance 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 $ — $ — $ 1,829Other 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 September 30, 2021 using Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs AssetsAmounts (Level 1) (Level 2) (Level 3) Balance Cash and due from banks$ 30,340 $ 30,340 $ — $ — $ 30,340 Fed funds sold 116,956 116,956 — — 116,956 Securities Available-for-sale 152,298 — 152,298 — 152,298 Held-to-maturity 3,659 — 4,028 — 4,028 Restricted stock 1,324 1,324 — 1,324 Loans, net (1) 583,572 — — 576,060 576,060 Loans held for sale 6,462 — 6,462 — 6,462 Interest receivable 2,106 — 2,106 — 2,106 BOLI 18,670 — 18,670 — 18,670 Derivatives - IRLCs 175 — — 175 175 Liabilities Deposits$ 853,829 $ — $ 854,458 $ — $ 854,458 Capital notes 10,031 — 9,480 — 9,480 Interest payable 49 — 49 — 49 Fair Value Measurements at December 31, 2020 using Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Carrying Identical Assets Inputs Inputs AssetsAmounts (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 (1) 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 September 30, 2021 (dollars in thousands) Fair Value Valuation Technique(s) Unobservable Input Range (Weighted Average) (1)Assets IRLCs - asset$ 175 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 September 30, 2021 (dollars in thousands) Fair Value Valuation Technique(s) Unobservable Input Range (Weighted Average) (1)Assets Impaired loans$ 1,970 Discounted appraised value Selling cost 0% - 10% (8%) Discount for lack of marketability and age of appraisal 0% - 20% (6%) OREO 806 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. + 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 (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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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 assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 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 (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 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 (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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