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FAIR VALUE (Tables) | 6 Months Ended
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Jun. 30, 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
June 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Recurring: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Securities available for sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Collateralized mortgage obligations | ​ | $ | — | ​ | $ | 17,756 | ​ | $ | — | ​ | $ | 17,756
Agency mortgage-backed securities | ​ |  | — | ​ |  | 58,410 | ​ |  | — | ​ |  | 58,410
Municipal securities | ​ |  | — | ​ |  | 33,990 | ​ |  | — | ​ |  | 33,990
Corporate securities | ​ | ​ | — | ​ | ​ | 1,409 | ​ | ​ | — | ​ | ​ | 1,409
U.S. Government agency securities | ​ | ​ | — | ​ |  | 39,356 | ​ |  | — | ​ |  | 39,356
U.S. Treasury securities | ​ | ​ | — | ​ | ​ | 6,902 | ​ | ​ | — | ​ | ​ | 6,902
Interest rate swap | ​ | ​ | — | ​ | ​ | 80 | ​ | ​ | — | ​ | ​ | 80
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-recurring: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Maryland Financial Bank stock | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Impaired loans | ​ |  | — | ​ |  | — | ​ |  | 206 | ​ |  | 206
​ | ​ | $ | — | ​ | $ | 157,903 | ​ | $ | 206 | ​ | $ | 158,109
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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2022 | ​ | December 31, 2021 | ​
(dollars in thousands) | ​ | Carrying | ​ | Fair | ​ | Carrying | ​ | Fair | ​
​ |  | Amount |  | Value |  | Amount |  | Value |
Financial assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and due from banks | ​ | $ | 2,140 | ​ | $ | 2,140 | ​ | $ | 2,111 | ​ | $ | 2,111 | ​
Interest-bearing deposits in other financial institutions | ​ |  | 48,784 | ​ |  | 48,784 | ​ |  | 56,434 | ​ |  | 56,434 | ​
Federal funds sold | ​ |  | 442 | ​ |  | 442 | ​ |  | 3,636 | ​ |  | 3,636 | ​
Investment securities available for sale | ​ |  | 157,823 | ​ |  | 157,823 | ​ |  | 155,927 | ​ |  | 155,927 | ​
Investments in restricted stock | ​ | ​ | 1,071 | ​ | ​ | 1,071 | ​ | ​ | 1,062 | ​ | ​ | 1,062 | ​
Ground rents | ​ |  | 131 | ​ |  | 131 | ​ |  | 131 | ​ |  | 131 | ​
Loans, less allowance for credit losses | ​ |  | 198,460 | ​ |  | 194,236 | ​ |  | 207,922 | ​ |  | 211,541 | ​
Accrued interest receivable | ​ |  | 1,145 | ​ |  | 1,145 | ​ |  | 1,085 | ​ |  | 1,085 | ​
Cash value of life insurance | ​ |  | 8,414 | ​ |  | 8,414 | ​ |  | 8,338 | ​ |  | 8,338 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits | ​ |  | 385,765 | ​ |  | 384,964 | ​ |  | 383,247 | ​ |  | 383,910 | ​
Long-term borrowings | ​ |  | 10,000 | ​ |  | 9,993 | ​ |  | 10,000 | ​ |  | 9,888 | ​
Short-term borrowings | ​ | ​ | 10,000 | ​ | ​ | 10,001 | ​ | ​ | 10,000 | ​ | ​ | 10,000 | ​
Accrued interest payable | ​ |  | 33 | ​ |  | 33 | ​ |  | 11 | ​ |  | 11 | ​
Unrecognized financial instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commitments to extend credit | ​ |  | 30,191 | ​ |  | 30,191 | ​ |  | 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 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
June 30, 2022 |  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial instruments - Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 51,366 | ​ | $ | 51,366 | ​ | $ | 51,366 |  | $ | — | ​ | $ | —
Loans receivable, net | ​ |  | 198,460 | ​ |  | 194,236 | ​ |  | — |  |  | — | ​ |  | 194,236
Cash value of life insurance | ​ |  | 8,414 | ​ |  | 8,414 | ​ |  | — |  |  | 8,414 | ​ |  | —
Financial instruments - Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits | ​ |  | 385,765 | ​ |  | 384,964 | ​ |  | — |  |  | 384,964 | ​ |  | —
Long-term debt | ​ |  | 10,000 | ​ |  | 9,993 | ​ |  | — |  |  | 9,993 | ​ |  | —
Short-term debt | ​ |  | 10,000 | ​ |  | 10,001 | ​ |  | — |  |  | 10,001 | ​ |  | —

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- Definition Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is 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. + 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 (a) -URI http://asc.fasb.org/extlink&oid=123874694&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 (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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