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FAIR VALUE (Tables) | 3 Months Ended
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Mar. 31, 2022
FAIR VALUE. |
Schedule of changes in asset subject to fair value measurement by Level | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Value
March 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Recurring: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Securities available for sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Collateralized mortgage obligations | ​ | $ | — | ​ | $ | 19,717 | ​ | $ | — | ​ | $ | 19,717
Agency mortgage-backed securities | ​ |  | — | ​ |  | 51,110 | ​ |  | — | ​ |  | 51,110
Municipal securities | ​ |  | — | ​ |  | 39,678 | ​ |  | — | ​ |  | 39,678
Corporate securities | ​ | ​ | — | ​ | ​ | 1,422 | ​ | ​ | — | ​ | ​ | 1,422
U.S. Government agency securities | ​ | ​ | — | ​ |  | 28,469 | ​ |  | — | ​ |  | 28,469
U.S. Treasury securities | ​ | ​ | — | ​ | ​ | 6,975 | ​ | ​ | — | ​ | ​ | 6,975
Interest rate swap | ​ | ​ | — | ​ | ​ | (105) | ​ | ​ | — | ​ | ​ | (105)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-recurring: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Maryland Financial Bank stock | ​ |  | — | ​ |  | — | ​ |  | 3 | ​ |  | 3
Impaired loans | ​ |  | — | ​ |  | — | ​ |  | 191 | ​ |  | 191
​ | ​ | $ | — | ​ | $ | 147,266 | ​ | $ | 194 | ​ | $ | 147,460
December 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Recurring: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Securities available for sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Collateralized mortgage obligations | ​ | $ | — | ​ | $ | 21,688 | ​ | $ | — | ​ | $ | 21,688
Agency mortgage-backed securities | ​ |  | — | ​ |  | 56,189 | ​ |  | — | ​ |  | 56,189
Municipal securities | ​ |  | — | ​ |  | 45,225 | ​ |  | — | ​ |  | 45,225
Corporate securities | ​ | ​ | — | ​ | ​ | 1,474 | ​ | ​ | — | ​ | ​ | 1,474
U.S. Government agency securities | ​ | ​ | — | ​ | ​ | 31,351 | ​ | ​ | — | ​ | ​ | 31,351
U.S. Treasury securities | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Interest rate swap | ​ | ​ | — | ​ | ​ | (442) | ​ | ​ | — | ​ | ​ | (442)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-recurring: | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​
Maryland Financial Bank stock | ​ |  | — | ​ |  | — | ​ |  | 3 | ​ |  | 3
Impaired loans | ​ |  | — | ​ |  | — | ​ |  | 317 | ​ |  | 317
​ | ​ | $ | — | ​ | $ | 155,485 | ​ | $ | 320 | ​ | $ | 155,805
Schedule of estimated fair values of financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2022 | ​ | December 31, 2021 | ​
(dollars in thousands) | ​ | Carrying | ​ | Fair | ​ | Carrying | ​ | Fair | ​
​ |  | Amount |  | Value |  | Amount |  | Value |
Financial assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and due from banks | ​ | $ | 2,071 | ​ | $ | 2,071 | ​ | $ | 2,111 | ​ | $ | 2,111 | ​
Interest-bearing deposits in other financial institutions | ​ |  | 65,459 | ​ |  | 65,459 | ​ |  | 56,434 | ​ |  | 56,434 | ​
Federal funds sold | ​ |  | 1,310 | ​ |  | 1,310 | ​ |  | 3,636 | ​ |  | 3,636 | ​
Investment securities available for sale | ​ |  | 147,371 | ​ |  | 147,371 | ​ |  | 155,927 | ​ |  | 155,927 | ​
Investments in restricted stock | ​ | ​ | 1,074 | ​ | ​ | 1,074 | ​ | ​ | 1,062 | ​ | ​ | 1,062 | ​
Ground rents | ​ |  | 130 | ​ |  | 130 | ​ |  | 131 | ​ |  | 131 | ​
Loans, less allowance for credit losses | ​ |  | 201,872 | ​ |  | 201,975 | ​ |  | 207,922 | ​ |  | 211,541 | ​
Accrued interest receivable | ​ |  | 1,124 | ​ |  | 1,124 | ​ |  | 1,085 | ​ |  | 1,085 | ​
Cash value of life insurance | ​ |  | 8,375 | ​ |  | 8,375 | ​ |  | 8,338 | ​ |  | 8,338 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits | ​ |  | 387,774 | ​ |  | 387,250 | ​ |  | 383,247 | ​ |  | 383,910 | ​
Long-term borrowings | ​ |  | 10,000 | ​ |  | 9,930 | ​ |  | 10,000 | ​ |  | 9,888 | ​
Short-term borrowings | ​ | ​ | 10,000 | ​ | ​ | 9,759 | ​ | ​ | 10,000 | ​ | ​ | 10,000 | ​
Accrued interest payable | ​ |  | 17 | ​ |  | 17 | ​ |  | 11 | ​ |  | 11 | ​
Unrecognized financial instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commitments to extend credit | ​ |  | 28,075 | ​ |  | 28,075 | ​ |  | 28,167 | ​ |  | 28,167 | ​
Standby letters of credit | ​ |  | 45 | ​ |  | 45 | ​ |  | 55 | ​ |  | 55 | ​
Schedule of fair value hierarchy of financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying | ​ | Fair | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
March 31, 2022 |  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial instruments - Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 68,840 | ​ | $ | 68,840 | ​ | $ | 68,840 |  | $ | — | ​ | $ | —
Loans receivable, net | ​ |  | 201,872 | ​ |  | 201,975 | ​ |  | — |  |  | — | ​ |  | 201,975
Cash value of life insurance | ​ |  | 8,375 | ​ |  | 8,375 | ​ |  | — |  |  | 8,375 | ​ |  | —
Financial instruments - Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits | ​ |  | 387,774 | ​ |  | 387,250 | ​ |  | 155,680 |  |  | 231,570 | ​ |  | —
Long-term debt | ​ |  | 10,000 | ​ |  | 9,930 | ​ |  | — |  |  | 9,930 | ​ |  | —
Short-term debt | ​ |  | 10,000 | ​ |  | 9,759 | ​ |  | — |  |  | 9,759 | ​ |  | —

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