Fair Value (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value [Abstract]

Assets And Liabilities Measured At Fair Value On A Recurring Basis, Including Financial Assets And Liabilities

	Fair Value Measurements at June 30, 2020 using Significant Other Observable Inputs
	(Level 2)
	(unaudited)
Financial Assets:
Securities available for sale:
Issued by U.S. government-sponsored entities and agencies:
U.S. Treasury	$	10,711
Mortgage-backed securities - residential		81
Collateralized mortgage obligations		10
Total securities available for sale	$	10,802
Loans held for sale	$	165,891
Yield maintenance provisions (embedded derivatives)	$	2,055
Interest rate lock commitments	$	15,402
Financial Liabilities:
Interest-rate swaps	$	2,055
TBA Mortgage-back securities	$	2,378

	Fair Value Measurements at December 31, 2019 using Significant Other Observable Inputs
	(Level 2)
Financial Assets:
Securities available for sale:
Issued by U.S. government-sponsored entities and agencies:
U.S. Treasury	$	8,017
Mortgage-backed securities - residential		130
Collateralized mortgage obligations		27
Total securities available for sale	$	8,174
Loans held for sale	$	135,711
Yield maintenance provisions (embedded derivatives)	$	12
Interest rate lock commitments	$	3,104
Financial Liabilities:
Interest-rate swaps	$	12
TBA Mortgage-backed securities	$	350

Assets Measured At Fair Value On A Non-Recurring Basis

Fair Value Measurements at December 31, 2019 Using
Significant Unobservable Inputs (Level 3)
Impaired loans:
Commercial	$	84
Real Estate:
Single-family residential		106
Commercial:
Non-owner occupied		4,387
Total impaired loans	$	4,577

Financial Instruments Measured At Fair Value On A Non-Recurring Basis

		Fair Value	Valuation Technique(s)	Unobservable Inputs	(Range) Weighted Average
Impaired loans:
Commercial	$	84	Comparable sales approach	Adjustment for differences between the comparable market transactions	2.06%
Real estate:
Single -family residential		106	Comparable sales approach	Adjustment for differences between the comparable market transactions	3.61%
Commercial:
Non-owner occupied		4,387	Comparable sales approach	Adjustment for differences between the comparable market transactions	(-2.58%,  14.00%) 2.44%

Aggregate Fair Value, Contractual Balance And Gain Or Loss

	June 30, 2020		December 31, 2019
	(unaudited)
Aggregate fair value	$	165,891	$	135,711
Contractual balance		159,718		133,993
Gain	$	6,173	$	1,718

Total Amount Of Gains And Losses From Changes In Fair Value Included In Earnings

	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
	(unaudited)				(unaudited)
Interest income	$	1,256	$	275	$	2,453	$	490
Interest expense		-		-		-		-
Change in fair value		3,220		516		4,455		776
Total change in fair value	$	4,476	$	791	$	6,908	$	1,266

Carrying Amounts And Estimated Fair Values Of Financial Instruments

The carrying amounts and estimated fair values of financial instruments at June 30, 2020 were as follows:

	Fair Value Measurements at June 30, 2020 Using:
	Carrying
(unaudited)	Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	77,376	$	77,376	$	-	$	-	$	77,376
Interest-bearing deposits in other financial institutions		100		100		-		-		100
Securities available for sale		10,802		-		10,802		-		10,802
Loans held for sale		165,891		-		165,891		-		165,891
Loans and leases, net		846,529		-		-		856,282		856,282
FHLB and FRB stock		5,216		n/a		n/a		n/a		n/a
Accrued interest receivable		3,845		1		44		3,800		3,845
Yield maintenance provisions (embedded derivatives)		2,055		-		2,055		-		2,055
Interest rate lock commitments		15,402		-		15,402		-		15,402
Financial liabilities
Deposits	$	(849,038)	$	(448,685)	$	(408,995)	$	-	$	(857,680)
FHLB advances and other borrowings		(165,806)		-		(167,298)		-		(167,298)
Advances by borrowers for taxes and insurance		(782)		-		-		(782)		(782)
Subordinated debentures		(14,825)		-		(15,622)		-		(15,622)
Accrued interest payable		(229)		-		(229)		-		(229)
Interest-rate swaps		(2,055)		-		(2,055)		-		(2,055)
TBA mortgage-back securities		(2,378)		-		(2,378)		-		(2,378)

The carrying amounts and estimated fair values of financial instruments at December 31, 2019 were as follows:

	Fair Value Measurements at December 31, 2019 Using:
	Carrying
	Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	45,879	$	45,879	$	-	$	-	$	45,879
Interest-bearing deposits in other financial institutions		100		100		-		-		100
Securities available for sale		8,174		-		8,174		-		8,174
Loans held for sale		135,711		-		135,711		-		135,711
Loans and leases, net		663,303		-		-		664,152		664,152
FHLB and FRB stock		4,008		n/a		n/a		n/a		n/a
Accrued interest receivable		2,749		25		40		2,684		2,749
Yield maintenance provisions (embedded derivatives)		12		-		12		-		12
Interest rate lock commitments		3,104		-		3,104		-		3,104
Financial liabilities
Deposits	$	(746,323)	$	(382,173)	$	(367,375)	$	-	$	(749,548)
FHLB advances and other borrowings		(29,017)		-		(29,669)		-		(29,669)
Advances by borrowers for taxes and insurance		(929)		-		-		(929)		(929)
Subordinated debentures		(14,806)		-		(15,940)		-		(15,940)
Accrued interest payable		(208)		-		(208)		-		(208)
Interest-rate swaps		(12)		-		(12)		-		(12)
TBA mortgage-backed securities		(350)		-		(350)		-		(350)