Fair Value (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value [Abstract]

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

	Fair Value Measurements at ‎ March 31, 2023 using Significant ‎Other Observable Inputs
	(Level 2)
	(unaudited)
Financial Assets:
Securities available for sale:
Corporate debt	$	7,200
Issued by U.S. government-sponsored entities and agencies:
U.S. Treasury		2,448
Mortgage-backed securities - residential		13
Total securities available for sale	$	9,661
Loans held for sale	$	591
Derivative assets	$	3,576
Financial Liabilities:
Derivative liabilities	$	3,576

	Fair Value Measurements at ‎ December 31, 2022 using Significant ‎Other Observable Inputs
	(Level 2)
Financial Assets:
Securities available for sale:
Corporate debt	$	7,500
Issued by U.S. government-sponsored entities and agencies:
U.S. Treasury		2,925
Mortgage-backed securities - residential		17
Total securities available for sale	$	10,442
Loans held for sale	$	580
Derivative assets	$	4,233
Financial Liabilities:
Derivative liabilities	$	4,233

Assets Measured At Fair Value On A Non-Recurring Basis

Fair Value Measurements at December 31, 2022 Using
Significant Unobservable Inputs (Level 3)
Impaired loans:
Commercial	$	80
Total impaired loans	$	80

Aggregate Fair Value, Contractual Balance And Gain Or Loss

	March 31, 2023		December 31, 2022
	(unaudited)
Aggregate fair value	$	591	$	580
Contractual balance		591		580
Gain (loss)	$	-	$	-

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

	Three months ended March 31,
	2023		2022
	(unaudited)
Interest income	$	3	$	172
Interest expense		-		-
Change in fair value		-		(448)
Total change in fair value	$	3	$	(276)

Carrying Amounts And Estimated Fair Values Of Financial Instruments

The carrying amounts and estimated fair values of financial instruments at March 31, 2023 were as follows:

	Fair Value Measurements at March 31, 2023 Using:
	Carrying
(unaudited)	Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	214,248	$	214,248	$	-	$	-	$	214,248
Interest-bearing deposits in other financial institutions		100		100		-		-		100
Securities available for sale		9,661		-		9,661		-		9,661
Equity Securities		5,000		-		5,000		-		5,000
Loans held for sale		591		-		591		-		591
Loans and leases, net		1,616,083		-		-		1,597,725		1,597,725
FHLB and FRB stock		9,203		n/a		n/a		n/a		n/a
Accrued interest receivable		6,782		203		169		6,410		6,782
Other assets held for sale		1,930		-		-		1,930		1,930
Derivative assets		3,576		-		3,576		-		3,576
Financial liabilities
Deposits	$	(1,603,841)	$	(1,024,466)	$	(570,941)	$	-	$	(1,595,407)
FHLB advances and other borrowings		(136,970)		-		(138,365)		-		(138,365)
Advances by borrowers for taxes and insurance		(2,132)		-		-		(2,132)		(2,132)
Subordinated debentures		(14,932)		-		(14,996)		-		(14,996)
Accrued interest payable		(1,663)		-		(1,663)		-		(1,663)
Derivative liabilities		(3,576)		-		(3,576)		-		(3,576)

The carrying amounts and estimated fair values of financial instruments at December 31, 2022 were as follows:

	Fair Value Measurements at December 31, 2022 Using:
	Carrying
	Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	151,787	$	151,787	$	-	$	-	$	151,787
Interest-bearing deposits in other financial institutions		100		100		-		-		100
Securities available for sale		10,442		-		10,442		-		10,442
Equity Securities		5,000		-		5,000		-		5,000
Loans held for sale		580		-		580		-		580
Loans and leases, net		1,572,255		-		-		1,542,796		1,542,796
FHLB and FRB stock		7,942		n/a		n/a		n/a		n/a
Accrued interest receivable		8,067		70		176		7,821		8,067
Other assets held for sale		1,930		-		-		1,930		1,930
Derivative assets		4,233		-		4,233		-		4,233
Financial liabilities
Deposits	$	(1,527,922)	$	(969,797)	$	(545,871)	$	-	$	(1,515,668)
FHLB advances and other borrowings		(109,461)		-		(105,718)		-		(105,718)
Advances by borrowers for taxes and insurance		(3,513)		-		-		(3,513)		(3,513)
Subordinated debentures		(14,922)		-		(14,621)		-		(14,621)
Accrued interest payable		(840)		-		(840)		-		(840)
Derivative liabilities		(4,233)		-		(4,233)		-		(4,233)