Fair Value Accounting (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on recurring basis

					September 30, 2022
(dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
Securities available for sale
Corporate bonds	$	-		1,877		-		1,877
US treasuries		-		863		-		863
US government agencies		-		10,635		-		10,635
State and political subdivisions		-		18,646		-		18,646
Asset-backed securities		-		6,845		-		6,845
Mortgage-backed securities		-		52,655		-		52,655
Mortgage loans held for sale		-		9,243		-		9,243
MBS forward sales commitments		-		162		-		162
Total assets measured at fair value on a recurring basis	$	-		100,926		-		100,926
Liabilities
Mortgage loan interest rate lock commitments	$	-		7		-		7
Total liabilities measured at fair value on a recurring basis	$	-		7		-		7

	December 31, 2021
(dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
Securities available for sale:
Corporate bonds	$	-		2,188		-		2,188
US treasuries		-		992		-		992
US government agencies		-		14,169		-		14,169
SBA securities		-		438		-		438
State and political subdivisions		-		25,176		-		25,176
Asset-backed securities		-		10,164		-		10,164
Mortgage-backed securities		-		67,154		-		67,154
Mortgage loans held for sale		-		13,556		-		13,556
Mortgage loan interest rate lock commitments		-		425		-		425
Total assets measured at fair value on a recurring basis	$	-		134,262		-		134,262
Liabilities
MBS forward sales commitments	$	-		41		-		41
Total liabilities measured at fair value on a recurring basis	$	-		41		-		41

Schedule of assets and liabilities measured at fair value on nonrecurring basis

					As of September 30, 2022
(dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
Individually assessed loans	$	-		314		4,275		4,589
Total assets measured at fair value on a nonrecurring basis	$	-		314		4,275		4,589

					As of December 31, 2021
(dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
Impaired loans	$	-		5,262		2,065		7,327
Total assets measured at fair value on a nonrecurring basis	$	-		5,262		2,065		7,327

Schedule of estimated fair values of the company's financial instruments

					September 30, 2022
(dollars in thousands)	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Other investments, at cost	$	5,449		5,449		-		-		5,449
Loans1		2,986,412		2,825,209		-		-		2,825,209
Financial Liabilities:
Deposits		3,001,452		2,563,398		-		2,563,398		-
Subordinated debentures		36,187		38,639		-		38,639		-

					December 31, 2021
(dollars in thousands)	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Other investments, at cost	$	4,021		4,021		-		-		4,021
Loans1		2,451,306		2,422,621		-		-		2,422,621
Financial Liabilities:
Deposits		2,563,826		2,327,055		-		2,327,055		-
Subordinated debentures		36,106		33,936		-		33,936		-