Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

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
March 31, 2023
MSRs (1)	$	5,310	Market Approach	Weighted average prepayment speed (PSA) (2)	121
IRLCs - asset	$	101	Market Approach	Range of pull through rate	82% - 100%
				Average pull through rate	92%

(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%

(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

	For the Three Months Ended
(Dollars in thousands)	March 31, 2023
Beginning balance	$	5,275
Servicing rights resulting from sales of loans		117
Valuation adjustment		(82)
Ending balance	$	5,310

Schedule of Derivative Asset at Fair Value

	For the Three Months Ended
(Dollars in thousands)	March 31, 2023
Beginning balance	$	28
Valuation adjustment		73
Ending balance	$	101

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)
March 31, 2023
Assets:
Securities available for sale:
U.S. Government agencies	$	18,309	$	—	$	18,309	$	—
Mortgage-backed		61,373		—		61,373		—
Other debt securities		1,843		—		1,843		—
		81,525		—		81,525		—
Equity securities		1,258		—		1,258		—
TBA securities		142		—		142		—
LHFS		3,514		—		3,514		—
LHFI, at fair value		9,526		—		9,526		—
MSRs		5,310		—		—		5,310
IRLCs		101		—		—		101
Total assets at fair value	$	101,376	$	—	$	95,965	$	5,411
Liabilities:
TBA securities	$	80	$	—	$	80	$	—
Total liabilities at fair value	$	80	$	—	$	80	$	—

					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

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 (1)
March 31, 2023
Nonrecurring measurements:
Individually evaluated collateral dependent loans	$	23	Appraisal of collateral	Liquidation expense	10%	10%
Other real estate owned	$	179	Appraisal of collateral	Appraisal adjustments	0% - 20%	(0%)

	Quantitative Information about Level 3 Fair Value Measurements
						Weighted
(Dollars in thousands)	Fair Value		Valuation Technique	Unobservable Input	Range	Average (1)
December 31, 2022
Nonrecurring measurements:
Other real estate owned	$	197	Appraisal of collateral	Appraisal adjustments	0% - 20%	(2%)

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

Schedule of Estimated Fair Values of Financial Assets and Liabilities

	March 31, 2023				December 31, 2022
			Estimated				Estimated
	Carrying		Fair		Carrying		Fair
(Dollars in thousands)	Amount		Value		Amount		Value
Financial assets
Level 1 inputs
Cash and cash equivalents	$	37,709	$	37,709	$	55,499	$	55,499
Level 2 inputs
Investment securities available for sale	$	81,525	$	81,525	$	83,587	$	83,587
Investment securities held to maturity		549,096		491,116		559,455		494,626
Equity securities		1,258		1,258		1,233		1,233
Restricted securities		15,067		15,067		11,169		11,169
LHFS		3,514		3,514		4,248		4,248
TBA securities		142		142		41		41
Cash surrender value on life insurance		59,711		59,711		59,218		59,218
Loans, at fair value		9,526		9,526		8,437		8,437
Level 3 inputs
Loans, net	$	2,630,691	$	2,417,124	$	2,531,027	$	2,431,808
MSRs		5,310		5,310		5,275		5,275
IRLCs		101		101		35		35
Financial liabilities
Level 2 inputs
Deposits:
Noninterest-bearing demand	$	808,679	$	808,679	$	862,015	$	862,015
Checking plus interest		726,070		726,070		694,101		694,101
Money market		675,751		675,751		709,132		709,132
Savings		295,002		295,002		319,814		319,814
Club		755		755		374		374
Certificates of deposit		488,305		478,065		424,348		410,455
Advances from FHLB - short-term		131,500		131,496		40,000		40,002
Subordinated debt		43,150		40,079		43,072		41,193
TBA Securities		80		80		6		6
Level 3 inputs
IRLCs		—		—		7		7