Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Carrying Values and Estimated Fair Values of Financial Instruments

The carrying values and estimated fair values of financial instruments are summarized as follows:

Fair Value Measurements at:

(Dollars in thousands)		Carrying Value		Estimated Fair Value		Quoted Prices in Active Markets for Identical Assets (Level I)		Significant Other Observable Inputs (Level II)		Significant Unobservable Inputs (Level III)
December 31, 2022
Financial Assets:
Cash and cash equivalents		$	40,280	$	40,280	$	40,280	$	—	$	—
Securities available-for-sale		379,814		379,814		—		344,471		35,343
Equity securities		38,744		38,744		5,382		—		33,362
Loans held-for-sale		23,126		24,898		—		24,898		—
Loans receivable, net		2,348,808		2,285,427		—		—		2,285,427
Servicing assets	0	1,616		1,634		—		—		1,634
Interest rate swap		8,427		8,427		—		8,427		—
Accrued interest receivable		12,617		12,617		—		2,778		9,839
Bank-owned life insurance		43,239		43,239		—		43,239		—
Embedded derivative		787		787		—		—		787
Financial Liabilities:
Deposits		$	2,570,482	$	2,226,037	$	—	$	2,226,037	$	—
Repurchase Agreements		10,037		10,037		—		10,037		—
Fair value hedge		572		572		—		572		—
Interest rate swap		8,427		8,427		—		8,427		—
Accrued interest payable		2,558		2,558		—		2,558		—
FHLB and other borrowings		102,333		102,006		—		102,006		—
Senior term loan		9,765		9,765		—		9,765		—
Subordinated Debt		73,286		64,330		—		64,330		—
December 31, 2021
Financial assets:
Cash and cash equivalents		$	307,437	$	307,437	$	307,437	$	—	$	—
Certificates of deposits with banks		2,719		2,738		—		2,738		—
Securities available-for-sale		421,466		421,466		—		379,703		41,763
Equity securities		32,402		32,402		247		—		32,155
Loans		1,851,572		1,865,013		—		—		1,865,013
Servicing rights		2,812		2,831		—		—		2,831
Interest rate swap		6,702		6,702		—		6,702		—
Fair value hedge		1,552		1,552		—		1,552		—
Accrued interest receivable		7,860		7,860		—		2,402		5,458
Bank-owned life insurance		42,257		42,257		—		42,257		—
Financial liabilities:
Deposits		$	2,377,605	$	2,338,868	$	—	$	2,338,868	$	—
Repurchase agreements		11,385		11,385		—		11,385		—
Fair value hedge		807		807		—		807
Interest rate swap		6,702		6,702		—		6,702		—
Accrued interest payable		690		690		—		690		—
Subordinated debt		73,030		74,774		—		74,774		—