Fair Value Measurements and Disclosures (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on Nonrecurring Basis

Assets measured at fair value on a nonrecurring basis are included in the table below as of December 31, 2021 and 2020 (in thousands).

December 31, 2021	Level 1		Level 2		Level 3		Total
Other real estate owned	$	—		—		3,538		3,538
Impaired loans		—		—		7,221		7,221
Total assets at fair value	$	—		—		10,759		10,759
December 31, 2020	Level 1		Level 2		Level 3		Total
Other real estate owned	$	—		—		1,292		1,292
Impaired loans		—		—		7,223		7,223
Total assets at fair value	$	—		—		8,515		8,515

Schedule of Carrying Amounts and Estimated Fair Values of Company's Financial Instruments

The carrying amounts and estimated fair values (in thousands) of the Company’s financial instruments at December 31, 2021 and 2020 are as follows:

	December 31, 2021				December 31, 2020
	Carrying		Estimated		Carrying		Estimated
	Amount		Fair Value		Amount		Fair Value
Financial assets:
Cash and cash equivalents	$	111,776		111,776		178,253		178,253
Investment securities
available-for-sale	$	48,557		48,557		24,005		24,005
Other investments	$	2,476		2,476		1,596		1,596
Loans, net	$	575,825		581,541		592,254		611,625
Bank owned life insurance	$	15,377		15,377		15,311		15,311
Financial liabilities:
Deposits	$	614,799		601,036		640,165		639,269
FHLB advances	$	48,988		48,197		19,117		16,769
PPPLF borrowings	$	—		—		100,813		100,813
Other borrowings	$	—		—		5,000		5,000