Fair Value (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value [Abstract]

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

	Fair Value Measurements at ‎ September 30, 2022 using Significant ‎Other Observable Inputs
	(Level 2)
	(unaudited)
Financial Assets:
Securities available for sale:
Corporate debt	$	8,000
Issued by U.S. government-sponsored entities and agencies:
U.S. Treasury		3,415
Mortgage-backed securities - residential		21
Total securities available for sale	$	11,436
Derivative assets	$	4,316
Financial Liabilities:
Derivative liabilities	$	4,316

	Fair Value Measurements at ‎ December 31, 2021 using Significant ‎Other Observable Inputs
	(Level 2)
Financial Assets:
Securities available for sale:
Corporate debt	$	9,750
Issued by U.S. government-sponsored entities and agencies:
U.S. Treasury		6,561
Mortgage-backed securities - residential		36
Total securities available for sale	$	16,347
Loans held for sale	$	27,988
Derivative assets	$	538
Interest rate lock commitments	$	555
Financial Liabilities:
Derivative liabilities		538
TBA Mortgage-backed securities	$	73

Aggregate Fair Value, Contractual Balance And Gain Or Loss

	September 30, 2022		December 31, 2021
	(unaudited)
Aggregate fair value	$	-	$	27,988
Contractual balance		-		27,632
Gain (loss)	$	-	$	356

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

	Three months ended September 30,				Nine months ended September 30,
	2022		2021		2022		2021
	(unaudited)				(unaudited)
Interest income	$	-	$	1,008	$	165	$	5,347
Interest expense		-		-		-		-
Change in fair value		-		(1,916)		(356)		(7,841)
Total change in fair value	$	-	$	(908)	$	(191)	$	(2,494)

Carrying Amounts And Estimated Fair Values Of Financial Instruments

The carrying amounts and estimated fair values of financial instruments at September 30, 2022 were as follows:

	Fair Value Measurements at September 30, 2022 Using:
	Carrying
(unaudited)	Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	198,066	$	198,066	$	-	$	-	$	198,066
Interest-bearing deposits in other financial institutions		100		100		-		-		100
Securities available for sale		11,436		-		11,436		-		11,436
Equity Securities		5,000		-		5,000		-		5,000
Loans and leases, net		1,473,883		-		-		1,431,042		1,431,042
FHLB and FRB stock		7,633		n/a		n/a		n/a		n/a
Accrued interest receivable		7,179		154		223		6,802		7,179
Other assets held for sale		1,930		-		-		1,930		1,930
Derivative assets		4,316		-		4,316		-		4,316
Financial liabilities
Deposits	$	(1,489,983)	$	(889,986)	$	(586,002)	$	-	$	(1,475,988)
FHLB advances and other borrowings		(102,803)		-		(98,503)		-		(98,503)
Advances by borrowers for taxes and insurance		(2,573)		-		-		(2,573)		(2,573)
Subordinated debentures		(14,912)		-		(13,508)		-		(13,508)
Accrued interest payable		(638)		-		(638)		-		(638)
Derivative liabilities		(4,316)		-		(4,316)		-		(4,316)

The carrying amounts and estimated fair values of financial instruments at December 31, 2021 were as follows:

	Fair Value Measurements at December 31, 2021 Using:
	Carrying
	Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	166,591	$	166,591	$	-	$	-	$	166,591
Interest-bearing deposits in other financial institutions		100		100		-		-		100
Securities available for sale		16,347		-		16,347		-		16,347
Equity Securities		5,000		-		5,000		-		5,000
Loans held for sale		27,988		-		27,988		-		27,988
Loans and leases, net		1,214,149		-		-		1,231,228		1,231,228
FHLB and FRB stock		7,315		n/a		n/a		n/a		n/a
Accrued interest receivable		4,143		2		91		3,947		4,040
Derivative assets		538		-		538		-		538
Interest rate lock commitments		555		-		555		-		555
Financial liabilities
Deposits	$	(1,246,352)	$	(661,818)	$	(585,214)	$	-	$	(1,247,032)
FHLB advances and other borrowings		(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)