Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Measurements [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

					Significant
					Other		Significant
			Quoted		Observable		Unobservable
			Prices		Inputs		Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
June 30, 2021
Securities available for sale:
U.S. Government agencies	$	17,987	$	—	$	17,987	$	—
Mortgage-backed		95,970		—		95,970		—
		113,957		—		113,957		—
Equity		1,384		—		1,384		—
Total	$	115,341	$	—	$	115,341	$	—

					Significant
					Other		Significant
			Quoted		Observable		Unobservable
			Prices		Inputs		Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2020
Securities available for sale:
U.S. Government agencies	$	23,537	$	—	$	23,537	$	—
Mortgage-backed		116,031		—		116,031		—
		139,568		—		139,568		—
Equity		1,395		—		1,395		—
Total	$	140,963	$	—	$	140,963	$	—

Fair Value of Assets Measured on Nonrecurring Basis

	Quantitative Information about Level 3 Fair Value Measurements
								Weighted
(Dollars in thousands)	Fair Value		Valuation Technique		Unobservable Input		Range	Average (3)
June 30, 2021
Nonrecurring measurements:
Impaired loans	$	617	Appraisal of collateral	(1)	Liquidation expense	(2)	10%	(10%)
Impaired loans	$	413	Discounted cash flow analysis	(1)	Discount rate		4% - 7.25%	(6%)
Other real estate owned	$	203	Appraisal of collateral	(1)	Appraisal adjustments	(2)	0% - 19%	(1%)

	Quantitative Information about Level 3 Fair Value Measurements
								Weighted
(Dollars in thousands)	Fair Value		Valuation Technique		Unobservable Input		Range	Average (3)
December 31, 2020
Nonrecurring measurements:
Impaired loans	$	610	Appraisal of collateral	(1)	Liquidation expense	(2)	10%	(10%)
Impaired loans	$	1,110	Discounted cash flow analysis	(1)	Discount rate		6% - 7.25%	(6%)

(1)Fair value is generally determined through independent appraisals of the underlying collateral (impaired loans and OREO) or discounted cash flow analyses (impaired loans), which generally include various level III inputs which are not identifiable.

(2)Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

(3)Unobservable inputs were weighted by the relative fair value of the instruments.

Schedule of Estimated Fair Values of Financial Assets and Liabilities

	June 30, 2021				December 31, 2020
			Estimated				Estimated
	Carrying		Fair		Carrying		Fair
(Dollars in thousands)	Amount		Value		Amount		Value
Financial assets
Level 1 inputs
Cash and cash equivalents	$	237,188	$	237,188	$	186,917	$	186,917
Level 2 inputs
Investment securities held to maturity	$	198,884	$	197,991	$	65,706	$	65,828
Restricted securities		3,189		3,189		3,626		3,626
Cash surrender value on life insurance		41,672		41,672		31,018		31,018
Level 3 inputs
Loans, net	$	1,457,341	$	1,458,057	$	1,440,368	$	1,436,292
Financial liabilities
Level 2 inputs
Deposits:
Noninterest-bearing demand	$	538,009	$	538,009	$	509,091	$	509,091
Checking plus interest		443,919		443,919		446,243		446,243
Money market		406,009		406,009		292,974		292,974
Savings		215,063		215,063		177,524		177,524
Club		1,138		1,138		392		392
Certificates of deposit, $100,000 or more		134,670		136,059		129,623		131,271
Other time		141,774		142,534		144,858		146,137
Securities sold under retail repurchase agreement		2,907		2,907		1,050		1,050
Subordinated debt		24,490		26,871		24,429		25,745