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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Assets Measured On Recurring Basis

				Carrying Value at June 30, 2023 (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		2023		(Level 1)			(Level 2)
US Treasuries	$	4,822		$	—		$	4,822		$	—
US agency obligations		60,352			—			60,352			—
Mortgage-backed securities		65,970			—			65,970			—
Municipals		39,929			—			39,929			—
Corporates		15,552			—			15,552			—
Total available-for-sale securities	$	186,625		$	—		$	186,625		$	—
IRLCs - asset		99			—			—			99
Total assets at fair value	$	186,724		$	—		$	186,625		$	99

				Carrying Value at December 31, 2022 (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	2022			(Level 1)			(Level 2)
US Treasuries	$	4,741		$	—		$	4,741		$	—
US 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

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

				Carrying Value at June 30, 2023
Description	Balance as of June 30, 2023			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Other real estate owned		500			—			—			500

				Carrying Value at December 31, 2022
Description	Balance as of December 31, 2022			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Impaired loans*	$	854		$	—		$	—		$	854
Other real estate owned		566			—			—			566

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

Fair Value Carrying And Notional Amounts

			Fair Value Measurements at June 30, 2023 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	$            22,389		$            22,389		$                      -		$                      -		$            22,389
Federal funds sold	51,140		51,140		-		-		51,140
Securities
Available-for-sale	186,625		-		186,625		-		186,625
Held-to-maturity, net	3,630		-		3,172		-		3,172
Restricted stock	1,357		-		1,357		-		1,357
Loans, net (1)	610,418		-		-		568,989		568,989
Loans held for sale	6,160		-		6,160		-		6,160
Interest receivable	2,525		-		2,525		-		2,525
BOLI	21,304		-		21,304		-		21,304
Derivatives - IRLCs	99		-		-		99		99
Liabilities
Deposits	$          867,092		$                      -		$          872,732		$                      -		872,732
Capital notes	10,040		-		9,322		-		9,322
Other borrowings	10,173		-		9,630		-		9,630
Interest payable	269		-		269		-		269
			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
Federal 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 (1)	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
Derivatives - IRLCs	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

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

Fair Value, Recurring [Member]

Quantitative Information About Assets Measured At Fair Value Level

The following table provides additional quantitative information about assets measured at fair value on a recurring basis and for which we have utilized Level 3 inputs to determine fair value:

	Quantitative information about Level 3 Fair Value Measurements for June 30, 2023
	(dollars in thousands)
	Fair Value			Valuation Technique(s)		Unobservable Input		Range (Weighted Average) (1)
Assets
IRLCs – asset	$	99		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, 2022
	(dollars in thousands)
	Fair Value			Valuation Technique(s)		Unobservable Input		Range (Weighted Average) (1)
Assets
IRLCs - asset	$	91		Market approach		Range of pull through rate		70% - 100% (85%)

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

Fair Value, Nonrecurring [Member]

Quantitative Information About Assets Measured At Fair Value Level

	Quantitative information about Level 3 Fair Value Measurements for June 30, 2023
	(dollars in thousands)
	Fair Value			Valuation Technique(s)		Unobservable Input		Range (Weighted Average) (1)
Assets
OREO		500		Discounted appraised value		Selling cost		10%
						Discount for lack of marketability and age of appraisal		5%

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

	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) (1)
Assets
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		10%
						Discount for lack of marketability and age of appraisal		0% - 27% (26%)

(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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