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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Assets Measured On Recurring Basis

Fair Value at December 31, 2022

Quoted Prices

Significant

Significant

in Active

Other

Unobservable

Balance as of

Markets for

Observable

Inputs

December 31,

Identical Assets

Inputs

(Level 3)

Description

2022

(Level 1)

(Level 2)

U.S. Treasuries

$

4,741

$

$

4,741

$

U.S. agency obligations

59,273

59,273

Mortgage-backed securities

67,842

67,842

Municipals

37,855

37,855

Corporates

16,076

16,076

Total available-for-sale securities

$

185,787

$

$

185,787

$

IRLCs – asset

91

91

Total assets at fair value

$

185,878

$

$

185,787

$

91

Fair Value at December 31, 2021

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)

U.S. Treasuries

$

2,002

$

$

2,002

$

U.S. 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

Fair Value at December 31, 2022

Quoted Prices

Significant

Significant

in Active

Other

Unobservable

Balance as of

Markets for

Observable

Inputs

December 31,

Identical Assets

Inputs

(Level 3)

Description

2022

(Level 1)

(Level 2)

Impaired loans*

$

854

$

$

$

854

Other real estate

$

566

$

$

$

566

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

Fair Value at December 31, 2021

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)

Impaired loans*

$

1,802

$

$

$

1,802

Other real estate

$

761

$

$

$

761

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

Fair Value Carrying And Notional Amounts

Fair Value Measurements at December 31, 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

$

30,025

$

30,025

$

$

$

30,025

Fed funds sold

31,737

31,737

31,737

Securities

Available-for-sale

185,787

185,787

185,787

Held-to-maturity

3,639

3,135

3,135

Restricted stock

1,387

1,387

1,387

Loans, net

605,366

564,802

564,802

Loans held for sale

2,423

2,423

2,423

Interest receivable

2,736

2,736

2,736

BOLI

19,237

19,237

19,237

Derivaties

91

91

91

Liabilities

Deposits

$

848,138

$

$

850,102

$

$

850,102

Capital notes

10,037

9,200

9,200

Other borrowings

10,457

9,438

9,438

Interest payable

89

89

89

Fair Value Measurements at December 31, 2021 using

Carrying

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

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

10,711

10,711

Other borrowings

10,985

11,465

11,465

Interest payable

46

46

46

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 December 31, 2022

(dollars in thousands)

Fair Value

Valuation Technique(s)

Unobservable Input

Range (Weighted Average)

Assets

IRLCs - asset

$

91

Market approach

Range of pull through rate

85%

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)

Assets

IRLCs - asset

$

144

Market approach

Range of pull through rate

85%

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

December 31, 2022

(dollars in thousands)

Fair Value

Valuation Technique(s)

Unobservable Input

Range (Weighted Average)

Impaired loans

$

854

Discounted appraised value

Selling cost

0% - 10% (8%)

Discount for lack of marketability and age of appraisal

0% - 20% (6%)

OREO

$

566

Discounted appraised value

Selling cost

26%

Discount for lack of marketability and age of appraisal

0% - 27% (26%)

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)

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%)