Fair Value Measurements (Tables)

9 Months Ended

Sep. 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)
September 30, 2021
Securities available for sale:
U.S. Government agencies	$	17,983	$	—	$	17,983	$	—
Mortgage-backed		87,142		—		87,142		—
		105,125		—		105,125		—
Equity		1,384		—		1,384		—
Total	$	106,509	$	—	$	106,509	$	—

					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)
September 30, 2021
Nonrecurring measurements:
Impaired loans	$	617	Appraisal of collateral	(1)	Liquidation expense	(2)	10%	(10%)
Impaired loans	$	408	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

	September 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	$	310,852	$	310,852	$	186,917	$	186,917
Level 2 inputs
Investment securities held to maturity	$	250,501	$	247,835	$	65,706	$	65,828
Restricted securities		3,189		3,189		3,626		3,626
Cash surrender value on life insurance		41,949		41,949		31,018		31,018
Level 3 inputs
Loans, net	$	1,479,372	$	1,475,793	$	1,440,368	$	1,436,292
Financial liabilities
Level 2 inputs
Deposits:
Noninterest-bearing demand	$	554,902	$	554,902	$	509,091	$	509,091
Checking plus interest		515,796		515,796		446,243		446,243
Money market		443,270		443,270		292,974		292,974
Savings		220,346		220,346		177,524		177,524
Club		1,490		1,490		392		392
Certificates of deposit, $100,000 or more		140,390		141,610		129,623		131,271
Other time		141,871		142,450		144,858		146,137
Securities sold under retail repurchase agreement		3,501		3,501		1,050		1,050
Subordinated debt		24,521		26,903		24,429		25,745