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FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2021

FAIR VALUE MEASUREMENTS

Schedule of fair values of assets and liabilities measured on a recurring and nonrecurring basis

Fair values of assets and liabilities measured on a recurring basis at June 30, 2021 and December 31, 2020 follows:


		Fair Value Measurements at Reporting Date Using
								Significant
					Quoted Prices in			Other			Significant
					Active Markets for			Observable			Unobservable
					Identical Assets/Liabilities			Inputs			Inputs
(Dollars in thousands)		Fair Value			(Level 1)			(Level 2)			(Level 3)
June 30, 2021
Available-for-sale securities		$	41,856		$	—		$	41,856		$	—
December 31, 2020
Available-for-sale securities		$	20,730		$	—		$	20,730		$	—

Fair values of assets and liabilities measured on a nonrecurring basis at June 30, 2021 and December 31, 2020 follows:


		Fair Value Measurements at Reporting Date Using
								Significant
					Quoted Prices			Other			Significant
					in Active Markets for			Observable			Unobservable
					Identical Assets/Liabilities			Inputs			Inputs
(Dollars in thousands)		Fair Value			(Level 1)			(Level 2)			(Level 3)
June 30, 2021
Impaired loans		$	1,282		$	—		$	—		$	1,282
Foreclosed real estate			590			—			—			590
December 31, 2020
Impaired loans		$	1,365		$	—		$	—		$	1,365
Foreclosed real estate			415			—			—			415

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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