Fair Value (Tables)

9 Months Ended

Sep. 30, 2023

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, 2023 using Significant ‎Other Observable Inputs
	(Level 2)
	(unaudited)
Financial Assets:
Securities available for sale:
Corporate debt	$	7,000
Issued by U.S. government-sponsored entities and agencies:
U.S. Treasury		1,473
Mortgage-backed securities - residential		7
Total securities available for sale	$	8,480
Loans held for sale	$	1,355
Derivative assets	$	4,845
Financial Liabilities:
Derivative liabilities	$	4,845

	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

	September 30, 2023		December 31, 2022
	(unaudited)
Aggregate fair value	$	1,355	$	580
Contractual balance		1,355		580
Gain (loss)	$	-	$	-

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

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
	(unaudited)				(unaudited)
Interest income	$	10	$	-	$	23	$	165
Interest expense		-		-		-		-
Change in fair value		-		-		-		(356)
Total change in fair value	$	10	$	-	$	23	$	(191)

Carrying Amounts And Estimated Fair Values Of Financial Instruments

The carrying amounts and estimated fair values of financial instruments at September 30, 2023 were as follows:

	Fair Value Measurements at September 30, 2023 Using:
	Carrying
(unaudited)	Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	229,763	$	229,763	$	-	$	-	$	229,763
Interest-bearing deposits in other financial institutions		100		100		-		-		100
Securities available for sale		8,480		-		8,480		-		8,480
Equity Securities		5,000		-		5,000		-		5,000
Loans held for sale		1,355		-		1,355		-		1,355
Loans and leases, net		1,659,774		-		-		1,615,539		1,615,539
FHLB and FRB stock		8,499		n/a		n/a		n/a		n/a
Accrued interest receivable		9,225		278		125		8,822		9,225
Derivative assets		4,845		-		4,845		-		4,845
Financial liabilities
Deposits	$	(1,684,993)	$	(1,037,736)	$	(639,030)	$	-	$	(1,676,766)
FHLB advances and other borrowings		(109,987)		-		(105,280)		-		(105,280)
Advances by borrowers for taxes and insurance		(1,737)		-		-		(1,737)		(1,737)
Subordinated debentures		(14,951)		-		(14,712)		-		(14,712)
Accrued interest payable		(2,503)		-		(2,503)		-		(2,503)
Derivative liabilities		(4,845)		-		(4,845)		-		(4,845)

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)		-		(105,715)		-		(105,715)
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)