XML 34 R25.htm IDEA: XBRL DOCUMENT
v3.22.2

Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Fair Value Assets Measured On Recurring Basis |
|  |  |  | Carrying Value at June 30, 2022 (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 |  | 2022 |  | (Level 1) |  | (Level 2) |  |
US Treasuries | $ | 4,763 |  | $ | — |  | $ | 4,763 |  | $ | —
US agency obligations |  | 64,402 |  |  | — |  |  | 64,402 |  |  | —
Mortgage-backed securities |  | 74,987 |  |  | — |  |  | 74,987 |  |  | —
Municipals |  | 41,013 |  |  | — |  |  | 41,013 |  |  | —
Corporates |  | 16,264 |  |  | — |  |  | 16,264 |  |  | —
Total available-for-sale securities | $ | 201,429 |  | $ | — |  | $ | 201,429 |  | $ | —
IRLCs - asset |  | 118 |  |  | — |  |  | — |  |  | 118
Forward sales commitments - asset |  | 59 |  |  | — |  |  | — |  |  | 59
Total assets at fair value | $ | 201,606 |  | $ | — |  | $ | 201,429 |  | $ | 177
|  |  |  | Carrying Value at December 31, 2021 (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 | 2021 |  | (Level 1) |  | (Level 2) |  |
US Treasuries | $ | 2,002 |  | $ | — |  | $ | 2,002 |  | $ | —
US agency obligations |  | 58,470 |  |  | — |  |  | 58,470 |  |  | —
Mortgage-backed securities |  | 37,438 |  |  | — |  |  | 37,438 |  |  | —
Municipals |  | 50,204 |  |  | — |  |  | 50,204 |  |  | —
Corporates |  | 13,153 |  |  | — |  |  | 13,153 |  |  | —
Total available-for-sale securities | $ | 161,267 |  | $ | — |  | $ | 161,267 |  | $ | —
IRLCs – asset |  | 144 |  |  | — |  |  | — |  |  | 144
Total assets at fair value | $ | 161,411 |  | $ | — |  | $ | 161,267 |  | $ | 144
Impaired Loans And Other Real Estate Owned Measured At Fair Value On A Nonrecurring Basis |
|  |  |  | Carrying Value at June 30, 2022
Description | Balance as of June 30, 2022 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Impaired loans* | $ | 1,371 |  | $ | — |  | $ | — |  | $ | 1,371
Other real estate owned |  | 761 |  |  | — |  |  | — |  |  | 761
* Includes loans charged down to the net realizable value of the collateral.
|  |  |  | Carrying Value at December 31, 2021
Description | Balance as of December 31, 2021 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Impaired loans* | $ | 1,802 |  | $ | — |  | $ | — |  | $ | 1,802
Other real estate owned |  | 761 |  |  | — |  |  | — |  |  | 761
* Includes loans charged down to the net realizable value of the collateral.
Fair Value Carrying And Notional Amounts |
|  |  |  | Fair Value Measurements at June 30, 2022 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 | $ | 34,249 |  | $ | 34,249 |  | $ | — |  | $ | — |  | $ | 34,249
Fed funds sold |  | 40,605 |  |  | 40,605 |  |  | — |  |  | — |  |  | 40,605
Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale |  | 201,429 |  |  | — |  |  | 201,429 |  |  | — |  |  | 201,429
Held-to-maturity |  | 3,647 |  |  | — |  |  | 3,361 |  |  | — |  |  | 3,361
Restricted stock |  | 1,387 |  |  |  |  |  | 1,387 |  |  | — |  |  | 1,387
Loans, net (1) |  | 607,322 |  |  | — |  |  | - |  |  | 582,406 |  |  | 582,406
Loans held for sale |  | 4,460 |  |  | — |  |  | 4,460 |  |  | — |  |  | 4,460
Interest receivable |  | 2,315 |  |  | — |  |  | 2,315 |  |  | — |  |  | 2,315
BOLI |  | 19,010 |  |  | — |  |  | 19,010 |  |  | — |  |  | 19,010
Derivatives – IRLCs |  | 118 |  |  | — |  |  | — |  |  | 118 |  |  | 118
Derivatives – Forward sales commitments |  | 59 |  |  | — |  |  | — |  |  | 59 |  |  | 59
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits | $ | 875,346 |  | $ | — |  | $ | 875,744 |  | $ | — |  | $ | 875,744
Capital notes |  | 10,035 |  |  | — |  |  | — |  |  | 9,869 |  |  | 9,869
Other borrowings |  | 10,721 |  |  |  |  |  | — |  |  | 10,743 |  |  | 10,743
Interest payable |  | 37 |  |  | — |  |  | 37 |  |  | — |  |  | 37
|  |  |  | Fair Value Measurements at December 31, 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 | $ | 29,337 |  | $ | 29,337 |  | $ | — |  | $ | — |  | $ | 29,337
Fed funds sold |  | 153,816 |  |  | 153,816 |  |  | — |  |  | — |  |  | 153,816
Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale |  | 161,267 |  |  | — |  |  | 161,267 |  |  | — |  |  | 161,267
Held-to-maturity |  | 3,655 |  |  | — |  |  | 4,006 |  |  | — |  |  | 4,006
Restricted stock |  | 1,324 |  |  | — |  |  | 1,324 |  |  | — |  |  | 1,324
Loans, net (1) |  | 576,469 |  |  | — |  |  | — |  |  | 565,543 |  |  | 565,543
Loans held for sale |  | 1,628 |  |  | — |  |  | 1,628 |  |  | — |  |  | 1,628
Interest receivable |  | 2,064 |  |  | — |  |  | 2,064 |  |  | — |  |  | 2,064
BOLI |  | 18,785 |  |  | — |  |  | 18,785 |  |  | — |  |  | 18,785
Derivatives |  | 144 |  |  | — |  |  | — |  |  | 144 |  |  | 144
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits | $ | 887,056 |  | $ | — |  | $ | 887,955 |  | $ | — |  | $ | 887,955
Capital notes |  | 10,031 |  |  | — |  |  | — |  |  | 10,712 |  |  | 10,712
Other borrowings |  | 10,985 |  |  | — |  |  | — |  |  | 11,467 |  |  | 11,467
Interest payable |  | 46 |  |  | — |  |  | 46 |  |  | — |  |  | 46
(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, 2022
| (dollars in thousands)
| Fair Value |  | Valuation Technique(s) |  | Unobservable Input |  | Range (Weighted Average) (1)
Assets |  |  |  |  |  |  |  |
IRLCs – asset | $ | 118 |  | Market approach |  | Range of pull through rate |  | 70% - 100% (85%)
Forward Sales Commitments – asset |  | 59 |  | 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, 2021
| (dollars in thousands)
| Fair Value |  | Valuation Technique(s) |  | Unobservable Input |  | Range (Weighted Average) (1)
Assets |  |  |  |  |  |  |  |
IRLCs - asset | $ | 144 |  | 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, 2022
| (dollars in thousands)
| Fair Value |  | Valuation Technique(s) |  | Unobservable Input |  | Range (Weighted Average) (1)
Assets |  |  |  |  |  |  |  |
Impaired loans | $ | 1,371 |  | 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. ‎ Note 5 – Fair Value Measurements (continued)
| Quantitative information about Level 3 Fair Value Measurements for December 31, 2021
| (dollars in thousands)
| Fair Value |  | Valuation Technique(s) |  | Unobservable Input |  | Range (Weighted Average) (1)
Assets |  |  |  |  |  |  |  |
Impaired loans | $ | 1,802 |  | 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% - 27% (26%)
(1)Weighted based on the relative value of the instruments.

X
- 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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsNonrecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |