Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Measurements [Abstract]

Fair Value Assets and Liabilities Measured on Nonrecurring Basis Valuation Techniques

(Dollars in thousands)	Fair Value		Valuation Technique	Unobservable Input	Range
December 31, 2022
MSRs (1)	$	5,275	Market Approach	Weighted average prepayment speed (PSA) (2)	121
IRLCs - net asset	$	28	Market Approach	Range of pull through rate	78% - 100%
				Average pull through rate	92%

(Dollars in thousands)	Fair Value		Valuation Technique	Unobservable Input	Range
December 31, 2021
MSRs (1)	$	4,087	Market Approach	Weighted average prepayment speed (PSA) (2)	156
IRLCs - asset	$	380	Market Approach	Range of pull through rate	77% - 100%
				Average pull through rate	93%

(1) The weighted average was calculated with reference to the principal balance of the underlying mortgages.

(2) PSA = Public Securities Association Standard Prepayment Model

Schedule of Servicing Asset at Fair Value

The following table presents activity in MSRs for the year ended December 31.

	For the Year Ended
(Dollars in thousands)	December 31, 2022
Beginning balance	$	4,087
Servicing rights resulting from sales of loans		816
Valuation adjustment		372
Ending balance	$	5,275

Schedule of Derivative Asset at Fair Value

The following table presents activity in the IRLCs for the year ended December 31.

	For the Year Ended
(Dollars in thousands)	December 31, 2022
Beginning balance	$	380
Valuation adjustment		(352)
Ending balance	$	28

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)
December 31, 2022
Assets:
Securities available for sale:
U.S. Government agencies	$	18,178	$	—	$	18,178	$	—
Mortgage-backed		63,519		—		63,519		—
Other debt securities		1,890		—		1,890		—
		83,587		—		83,587		—
Equity securities		1,233		—		1,233		—
TBA securities		41		—		41		—
LHFS		4,248		—		4,248		—
LHFI, at fair value		8,437		—		8,437		—
MSRs		5,275		—		—		5,275
IRLCs		35		—		—		35
Total assets at fair value	$	102,856	$	—	$	97,546	$	5,310
Liabilities:
IRLCs	$	7	$	—	$	—	$	7
TBA securities		6		—		6		—
Total liabilities at fair value	$	13	$	—	$	6	$	7

					Significant
					Other		Significant
			Quoted		Observable		Unobservable
			Prices		Inputs		Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2021
Assets:
Securities available for sale:
U.S. Government agencies	$	22,305	$	—	$	22,305	$	—
Mortgage-backed		92,637		—		92,637		—
Other debt securities		2,040		—		2,040		—
		116,982		—		116,982		—
Equity securities		1,372		—		1,372		—
TBA securities		55		—		55		—
LHFS		37,749		—		37,749		—
MSRs		4,087		—		—		4,087
IRLCs		380		—		—		380
Total assets at fair value	$	160,625	$	—	$	156,158	$	4,467
Liabilities:
TBA securities	$	41	$	—	$	41	$	—
Total liabilities at fair value	$	41	$	—	$	41	$	—

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)
December 31, 2022
Nonrecurring measurements:
Impaired loans	$	1,412	Discounted cash flow analysis	(1)	Discount rate		6% - 6.5%	(6%)
Other real estate owned	$	197	Appraisal of collateral	(1)	Appraisal adjustments	(2)	0% - 20%	(2%)

	Quantitative Information about Level 3 Fair Value Measurements
								Weighted
(Dollars in thousands)	Fair Value		Valuation Technique		Unobservable Input		Range	Average (3)
December 31, 2021
Nonrecurring measurements:
Impaired loans	$	617	Appraisal of collateral	(1)	Liquidation expense	(2)	10%	(10%)
Impaired loans	$	2,026	Discounted cash flow analysis	(1)	Discount rate		4% - 7.25%	(6%)
Other real estate owned	$	532	Appraisal of collateral	(1)	Appraisal adjustments	(2)	20% - 40%	(35%)

(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 observable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range 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

	December 31, 2022				December 31, 2021
			Estimated				Estimated
	Carrying		Fair		Carrying		Fair
(Dollars in thousands)	Amount		Value		Amount		Value
Financial assets
Level 1 inputs
Cash and cash equivalents	$	55,499	$	55,499	$	583,613	$	583,613
Level 2 inputs
Investment securities available for sale	$	83,587	$	83,587	$	116,982	$	116,982
Investment securities held to maturity		559,455		494,626		404,594		401,524
Equity securities		1,233		1,233		1,372		1,372
Restricted securities		11,169		11,169		4,159		4,159
LHFS		4,248		4,248		37,749		37,749
TBA securities		41		41		55		55
Cash surrender value on life insurance		59,218		59,218		47,935		47,935
Loans, at fair value		8,437		8,437		—		—
Level 3 inputs
Loans, net	$	2,531,027	$	2,431,808	$	2,105,231	$	2,106,373
MSRs		5,275		5,275		4,087		4,087
IRLCs		35		35		380		380
Financial liabilities
Level 2 inputs
Deposits:
Noninterest-bearing demand	$	862,015	$	862,015	$	927,497	$	927,497
Checking plus interest		694,101		694,101		524,143		524,143
Money market		709,132		709,132		889,099		889,099
Savings		319,814		319,814		225,546		225,546
Club		374		374		388		388
Certificates of deposit		424,348		410,455		459,563		461,135
Securities sold under retail repurchase agreement		—		—		4,143		4,143
Advances from FHLB - short-term		40,000		40,002		—		—
Advances from FHLB - long-term		—		—		10,135		10,187
Subordinated debt		43,072		41,193		42,762		44,876
TBA Securities		6		6		41		41
Level 3 inputs
IRLCs		7		7		—		—