FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Financial Assets (Liabilities) Measured at Fair Value

The following tables summarize quantitative disclosures about the fair value measurements for each category of financial assets (liabilities) carried at fair value:

September 30, 2022	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets at fair value on a recurring basis:
Available for sale securities:
Mortgage-backed securities	$	133,615	$	—	$	133,615	$	—
Collateralized mortgage obligations		21,802		—		21,802		—
Municipal securities		9,417		—		9,417		—
Corporate bonds		33,110		—		33,110		—
Loans held for sale		2,749		—		—		2,749
Cash surrender value of life insurance		38,194		—		38,194		—
SBA servicing assets		899		—		—		899
Assets at fair value on a nonrecurring basis:
Individually evaluated collateral dependent loans		—		—		—		—

December 31, 2021	Fair Value			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Other Unobservable Inputs (Level 3)
Assets at fair value on a recurring basis:
Available for sale securities:
Mortgage-backed securities	$	221,308		$	—	$	221,308		$	—
Collateralized mortgage obligations		74,992			—		74,992			—
Corporate bonds		35,935			—		35,935			—
U.S. government agencies		9,971			—		9,971			—
Loans held for sale		4,129			—		—			4,129
Cash surrender value of life insurance		37,141			—		37,141			—
SBA servicing assets		877			—		—			877
Derivative instrument assets		(196	)		—		(196	)		—
Derivative instrument liabilities		8			—		8			—
Assets at fair value on a nonrecurring basis:
Individually evaluated collateral dependent loans		4,244			—		—			4,244

Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value

The following table presents information on individually evaluated collateral dependent loans as of December 31, 2021. There were no individually evaluated collateral dependent loans as of September 30, 2022.

	Fair Value Measurements Using
December 31, 2021	Level 1		Level 2		Level 3		Total Fair Value
Commercial and industrial	$	—	$	—	$	76	$	76
Real estate:
Construction and development		—		—		402		402
Commercial real estate		—		—		3,766		3,766
Total	$	—	$	—	$	4,244	$	4,244

Schedule of Carrying Amounts And Estimated Fair Values of Financial Instruments

The carrying amounts and estimated fair values of financial instruments not previously discussed in this note, as of September 30, 2022 and December 31, 2021, are as follows:

	Fair value measurements as of September 30, 2022 using:
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	$	124,169	$	124,169	$	—	$	—	$	124,169
Marketable securities held to maturity		633,386		—		595,844		—		595,844
Loans, net		2,234,782		—		—		2,147,119		2,147,119
Accrued interest receivable		10,111		—		10,111		—		10,111
Nonmarketable equity securities		23,529		—		23,529		—		23,529
Financial liabilities:
Deposits	$	2,790,510	$	2,450,301	$	339,007	$	—	$	2,789,308
Securities sold under repurchase agreements		7,592		—		7,592		—		7,592
Accrued interest payable		1,192		—		1,192		—		1,192
Federal Home Loan Bank advances		225,000		—		224,675		—		224,675
Subordinated debt		51,119		—		51,275		—		51,275

	Fair value measurements as of December 31, 2021 using:
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	$	499,605	$	499,605	$	—	$	—	$	499,605
Marketable securities held to maturity		184,263		—		192,472		—		192,472
Loans, net		1,876,076		—		—		1,883,756		1,883,756
Accrued interest receivable		8,901		—		8,901		—		8,901
Nonmarketable equity securities		15,344		—		15,344		—		15,344
Financial liabilities:
Deposits	$	2,670,827	$	2,341,048	$	330,356	$	—	$	2,671,404
Securities sold under repurchase agreements		14,151		—		14,151		—		14,151
Accrued interest payable		481		—		481		—		481
Federal Home Loan Bank advances		47,500		—		47,501		—		47,501
Subordinated debt		19,810		—		17,833		—		17,833