XML 51 R38.htm IDEA: XBRL DOCUMENT v3.22.0.1
Fair Value (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis, Including Financial Assets And Liabilities Fair Value Measurements at December 31, 2021 Using Significant Other Observable Inputs (Level 2) Financial Assets: Securities available for sale: Corporate debt$ 9,750Issued by U.S. government-sponsored entities and agencies: U.S. Treasury 6,561Mortgage-backed securities - residential 36Total securities available for sale$ 16,347Loans held for sale$ 27,988Derivative assets$ 538Interest rate lock commitments$ 555Financial Liabilities: Derivative liabilities$ 538TBA mortgage-backed securities$ 73 Fair Value Measurements at December 31, 2020 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$ 8,636Mortgage-backed securities - residential 65Total securities available for sale$ 8,701Loans held for sale$ 283,165Yield maintenance provisions (embedded derivatives)$ 1,944Interest rate lock commitments$ 18,101Financial Liabilities: Interest-rate swaps$ 1,944TBA mortgage-backed securities$ 2,690
Assets Measured At Fair Value On A Non-Recurring Basis Fair Value Measurements at December 31, 2020 Using Significant Unobservable Inputs (Level 3) Impaired loans: Commercial$ 190Total impaired loans$ 190
Financial Instruments Measured At Fair Value On A Non-Recurring Basis Fair Value Valuation Technique(s) Unobservable Inputs (Range) Weighted AverageImpaired loans: Commercial$ 190 Comparable sales approach Adjustment for differences between the stated value and net realizable value 65.00%
Aggregate Fair Value, Contractual Balance And Gain Or Loss December 31, 2021 December 31, 2020 Aggregate fair value$ 27,988 $ 283,165 Contractual balance 27,632 274,401 Gain 356 8,764
Total Amount Of Gains And Losses From Changes In Fair Value Included In Earnings 2021 2020 2019Interest income$ 5,572 $ 6,231 $ 2,153Interest expense -   -   -  Change in fair value (8,408) 7,046 1,341Total change in fair value$ (2,836) $ 13,277 $ 3,494
Carrying Amounts And Estimated Fair Values Of Financial Instruments The carrying amounts and estimated fair values of financial instruments at year-end were as follows: Fair Value Measurements at December 31, 2021 Using: Carrying Value Level 1 Level 2 Level 3 TotalFinancial assets Cash and cash equivalents$ 166,591 $ 166,591 $ -   $ -   $ 166,591Interest-bearing deposits in other financial institutions 100 100 -   -   100Securities available for sale 16,347 -   16,347 -   16,347Equity securities 5,000 -   5,000 -   5,000Loans held for sale 27,988 -   27,988 -   27,988Loans and leases, net 1,214,149 -   -   1,231,228 1,231,228FHLB and FRB stock 7,315 n/a n/a n/a n/aAccrued interest receivable 4,143 2 91 3,947 4,040Derivative assets 538 -   538 -   538Interest rate lock commitments 555 -   555 -   555 Financial liabilities Deposits$ (1,246,352) $ (661,818) $ (585,214) $ -   $ (1,247,032)FHLB advances and other debt (89,727) -   (90,670) -   (90,670)Advances by borrowers for taxes and insurance (2,752) -   -   (2,752) (2,752)Subordinated debentures (14,883) -   (16,051) -   (16,051)Accrued interest payable (228) -   (228) -   (228)Derivative liabilities (538) -   (538) -   (538)TBA mortgage-backed securities (73) -   (73) -   (73) The carrying amounts and estimated fair values of financial instruments were as follows: Fair Value Measurements at December 31, 2020 Using: Carrying Value Level 1 Level 2 Level 3 TotalFinancial assets Cash and cash equivalents$ 221,594 $ 221,594 $ -   $ -   $ 221,594Interest-bearing deposits in other financial institutions 100 100 -   -   100Securities available for sale 8,701 -   8,701 -   8,701Equity securities 5,000 -   -   5,000 5,000Loans held for sale 283,165 -   283,165 -   283,165Loans and leases, net 895,344 -   -   905,030 905,030FHLB and FRB stock 5,847 n/a n/a n/a n/aAccrued interest receivable 4,584 1 36 4,547 4,584Yield maintenance provisions (embedded derivatives) 1,944 -   1,944 -   1,944Interest rate lock commitments 18,101 -   18,101 -   18,101 Financial liabilities Deposits$ (1,113,070) $ (554,650) $ (565,089) $ -   $ (1,119,739)FHLB advances and other debt (214,426) -   (215,531) -   (215,531)Advances by borrowers for taxes and insurance (1,029) -   -   (1,029) (1,029)Subordinated debentures (14,844) -   (16,325) -   (16,325)Accrued interest payable (498) -   (498) -   (498)Interest-rate swaps (1,944) -   (1,944) -   (1,944)TBA mortgage-backed securities (2,690) -   (2,690) -   (2,690)