Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Hierarchy and Fair Value for Each Major Category of Assets and Liabilities Measured at Fair Value

The following table provides the hierarchy and fair value for each major category of assets and liabilities measured at fair value at September 30, 2019 and December 31, 2018:

(dollars in thousands)	Fair Value Measurements Using:
September 30, 2019	Level 1		Level 2		Level 3		Total
Assets measured at fair value:
On a recurring basis:
Securities available for sale
Government agency securities	$	—	$	1,585	$	—	$	1,585
SBA agency securities		—		4,954		—		4,954
Mortgage-backed securities		—		20,136		—		20,136
Collateralized mortgage obligations		—		12,245		—		12,245
Corporate debt securities		—		34,003		—		34,003
	$	—	$	72,923	$	—	$	72,923
On a non-recurring basis:
Commercial real estate - collateral dependent impaired    loans	$	—	$	—	$	2,528	$	2,528
Other real estate owned		—		—		1,267		1,267
December 31, 2018	Level 1		Level 2		Level 3		Total
Assets measured at fair value:
On a recurring basis:
Securities available for sale
Government agency securities	$	—	$	1,815	$	—	$	1,815
SBA agency securities		—		5,169		—		5,169
Mortgage-backed securities		—		22,541		—		22,541
Collateralized mortgage obligations		—		12,066		—		12,066
Corporate debt securities		—		32,171		—		32,171
	$	—	$	73,762	$	—	$	73,762
On a non-recurring basis:
Other real estate owned	$	—	$	—	$	1,101	$	1,101

Summary of Quantitative Information About Impaired Loans and OREO Non-recurring Level 3 Fair Value Measurements

Quantitative information about the Company's impaired loans and OREO non-recurring Level 3 fair value measurements at September 30, 2019 and December 31, 2018 is as follows:

						Weighted-
(dollars in thousands)	Fair Value		Valuation	Unobservable	Adjustment	Average
September 30, 2019	Amount		Technique	Input	Range	Adjustment
Collateral dependent impaired loans -    commercial real estate	$	2,528	Third Party	Management Adjustments	14%	14%
			Appraisals	to Reflect Current
				Conditions and Selling
				Costs
Other real estate owned	$	1,267	Third Party	Management Adjustments	15%	15%
			Appraisals	to Reflect Current
				Conditions and Selling
				Costs
December 31, 2018
Other real estate owned	$	1,101	Third Party	Management Adjustments	16%	16%
			Appraisals	to Reflect Current
				Conditions and Selling
				Costs